FEES.L Regulatory News (FEES)

Federal Grid Company holds Annual General Meeting of Shareholders

Moscow, 28 June 2018 - Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company"; Moscow Exchange, LSE: FEES), part of PJSC ROSSETI Group of Companies, and the operator of the Unified National Electricity Grid ("UNEG"), today held its Annual General Meeting of shareholders (AGM) in Moscow.

The AGM approved the new composition of the Board of Directors and the Audit Commission, the annual report, the annual financial accounts, the revised edition of the Regulations on payment of Remuneration and Compensation to members of the Audit Commission, and the Company's auditor.

The decision was taken to distribute profits based on the results of 2017 and to pay dividends for the full year in the amount of RUB 0.014815395834 per ordinary Federal Grid Company share (or RUB 7.407697917 per GDR), totaling RUB 20,307,801 thousand. Taking into account the first quarter 2017 dividends that have already been paid, the remaining dividend to be paid for 2017 amounts to RUB 18,884,671 thousand.

The Board of Directors members elected at the 2017 EGM took part in the meeting. They were: Andrey Murov, Chairman of the Management Board, FGC UES, PJSC; Pavel Snikkars, Director of the Department, the Russian Ministry of Energy; Andrey Dyomin, Member of the Management Board, PJSC ROSSETI; Oksana Shatokhina, Deputy Director General of PJSC ROSSETI; Igor Kamenskoy, Managing Director of Renaissance Broker LLC; Ernesto Ferlenghi, Executive Vice President for Russia of Eni SpA.

The new composition of the Board of Directors includes the following members:

· Igor Kamenskoy, Managing Director, Renaissance Broker LLC;

· Pavel Livinskiy, Director General of PJSC ROSSETI;

· Pavel Grachev, Director General of PJSC Polyus;

· Ernesto Ferlenghi, Executive Vice President for Russia, Eni SpA;

· Andrey Murov, Chairman of the Management Board, FGC UES, PJSC;

· Pavel Snikkars, Director of the Department, the Russian Ministry of Energy;

· Oksana Shatokhina, Deputy Director General, PJSC ROSSETI;

· Sergey Sergeev, Deputy Director General, PJSC ROSSETI;

· Andrey Dyomin, Member of the Management Board, PJSC ROSSETI;

· Nikolai Roshchenko, Member of the Management Board - Head of Legal Division, NP Market Council Association;

· Egor Prokhorov, Deputy Director General, PJSC ROSSETI.

The new composition of the Audit Commission includes the following members: Alexander Batalov and Marina Lelekova, Department Directors, PJSC ROSSETI; Tatyana Zobkova, Unit Manager, Department, Ministry of Energy of the Russian Federation; Ekaterina Snigireva, Advisor to Unit of the Division of the Russian Federation State Property Management Service; and Vladimir Khvorov, Representative of the Ministry of Economic Development of the Russian Federation.

Ernst & Young, LLC was approved as the Company's auditor.

The AGM also approved the Company's participation in the Russian Association of Employers "The Russian Union of Industrialists and Entrepreneurs" (RSPP).

Over the course of the last year, the Board of Directors has carried out 35 meetings at which 166 agenda items were reviewed.

For those shareholders who were unable to attend the AGM, the Company organized a live webcast of the meeting. In addition, shareholders were presented with the opportunity to participate in the AGM by filling in an online bulletin form.

Full information on decisions taken by the AGM will be disclosed by the Company in accordance with the laws of the Russian Federation.