This Annual Report (further referred to as the Report) was prepared on information available to Kubanenergo PJSC and its subsidiaries at the time of the Report preparation.

The report contains information, including on future production and business activities of the Company, based on forecasts and estimates of the Company’s management, made on the basis of the current situation. Due to the influence of various objective factors, actual performance may differ from the forecasts and estimates given above.

The Report contains certain forward-looking statements regarding business activities, economic indicators and the financial condition of the Company, its plans, projects and expected results. Also, the Report may contain estimates of trends in changing the price for services/products, production and consumption volumes, costs, estimated costs, development prospects and other similar factors, as well as forecasts for the development of the industry and markets, dates for starting and ending individual projects the management of the Company.

Such words as «has intention», «strives for» «makes a project», «expects», «estimates», «plans», «considers», «assumes», «can», «must», «will do», «will continue» and other words or expressions similar to them or derived from these words, usually indicate the predictive nature of statements.

By their very nature, the forward-looking statements are associated with inherent risk and uncertainty, both general and private, and there is a danger that assumptions, forecasts, projects and other forward-looking statements will not materialize. In light of these risks, uncertainties and assumptions, the Company warns that actual results may differ significantly from the values expressed directly or indirectly in forward-looking statements and are valid only at the time of the Report.

The Company does not approve and does not guarantee that the results of activities indicated in the forwardlooking statements will be achieved. The Company does not assume any responsibility for damages that may be incurred by individuals or legal entities acting on the basis of forward-looking statements. Such forward-looking statements in each specific case represent only one of many possible developments and should not be considered as the most likely.

Except for cases expressly provided for by the legislation of the Russian Federation, the Company does not assume obligations to publish updates and changes in forwardlooking statements, based on both new information and subsequent events.