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Competency of the Management Board

According to art. 22.2, art. 22 of the charter of IDGC of Center and Volga Region, PJSC, the competence of the company Management Board includes the following issues:

1) drawing up and submission to the Board of Directors of the Company’s development strategy;

2) drawing up of business-plan (adjusted business-plan) and a quarterly report on business-plan execution (for the first quarter, half year, nine months, the reporting year), as well as approval (adjustment) of the indicators of cash (budget) flow of the Company;

3) drawing up of the Company’s annual report, a report on implementation by the Management Board of resolutions of the General Meeting of Shareholders and the Board of Directors of the Company;

4) consideration of reports (information) of the Deputy General Directors of the Company, heads of separate structural subdivisions of the Company on results of the Company’s activity and its SDC, submitted for consideration by the Management Board of the Company in accordance with instructions of the Management Board or the Board of Directors of the Company;

5) adopting resolutions on issues referred to the competence of the supreme management bodies of business companies, 100 (one hundred) per cent of the Authorised capital of which belongs to the Company (taking into consideration Sub-clauses 37, 38 of Clause 15.1 of Article 15 of these Articles of Association);

6) adopting resolutions on making transactions which deal with property, work and services which value is between 1 and 25 per cent of the Company’s net assets according to the accounting (financial) statements for the last reporting date (except for cases provided for by Sub-clause 39 of Clause 15.1 of these Articles of Association);

7) effective risk management within the framework of the current activities of the Company; approval of the budget for the risk management activities of the Company within the limits agreed by the Board of Directors of the Company; resolution of cross-functional (performed by several structural divisions) tasks of risk management;

8) resolution of other issues related to management of current activity of the Company in accordance with the resolutions of the General meeting of Shareholders, the Board of Directors of the Company as well as issues submitted to the Management Board by the Company’s General Director.