This Annual Report presents the results of the activity of the Kuban Power and Electrification Public Joint Stock Company for 2018, as well as some important events in its activities that occurred after the reporting date — from January 1, 2019 until the preliminary approval of the annual report by the Board of Directors on May 15, 2019.

In the text of this annual report, Kuban Power and Electrification Public Joint Stock Company are also referred to as Kubanenergo PJSC, Kubanenergo, Company and when mentioning events that occurred before June 22, 2015 (date of changing the name), — OJSC Kubanenergo.

PJSC Rosseti (until April 4, 2013 — IDGC Holding JSC, from April 4, 2013, to July 17, 2015 — OJSC Rosseti) and other legal entities are referred to in the text of this annual report as were called in the periods mentioned.