In order to ensure effective implementation by the Company’s Board of Directors of its functions in relation to overall management of the Company, the Committees of the Board of Directors were established:

• Reliability Committee;
• Audit Committee;
• Strategy, Development, Investments and Restructuring Committee;
• Human Resources and Remuneration Committee;
• Technological Connection Committee.

The Committees have the status of advisory bodies engaged in profound elaboration of critical issues within the competence of the Board of Directors and preparation of recommendations (opinions) for the Board of Directors, and consider any other issues as instructed by the Board of Directors.

Activities of each Committee are governed by respective regulation establishing purposes and tasks of the Committee, the procedure for establishment thereof and organization of its work *.

Personal composition of the committees and their chairmen shall be elected by the Board of Directors of the Company from among the candidates represented by members of the Board of Directors during one of the first meetings of the newly elected Board of Directors.

Members of the Audit Committee shall be elected for a period until the next election of members of this Committee. Members of the other Committees shall be elected for a period until the first meeting of the newly elected Board of Directors.

As a rule, during one of the first meetings the Committees approve their operating plans for the current corporate year to be developed on the basis of the operating plan of the Board of Directors, decisions of the Board of Directors and Committees, proposals of committee members, the Director General.

In the reporting year, all issues subject to preliminary consideration by the Committees of the Board of Directors were considered by the Committees in a timely manner.

For Minutes of Meetings of the Board of Directors of Kubanenergo PJSC see the web-site www.kubanenergo.ru – section About the Company / Management / Committees under the Board of Directors.

Members participating in meetings of the Committees of the Board of Directors are entitled to respective remuneration. Total amount of remuneration paid to members of the Committees of the Board of Directors in 2016 amounted to RUB 1,498 thou. The Company has no outstanding amounts payable to any members of the Committees.

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