Board of Directors Decision on Management Board

PJSC ROSSETI

Resolutions of the Board of Directors regarding the Management Board

07 August 2015. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia, announces that the Board of Directors on 5 August 2015 terminated the authority of Dan Belenkiy, member of the Management Board and First Deputy Director General for Investment.

According to the results of the meeting of the Board of Directors, the Company's Management Board now comprises:

- Oleg Budargin, Director General, Chairman of the Management Board;

- Roman Berdnikov, First Deputy Director General for Technical Policy;

- Andrey Dyomin, First Deputy Director General for Economic Affairs and Finance;

- Nikolay Varlamov, Deputy Director General - Chief of Staff;

- Valentin Mezhevich, Member of the Management Board, Chief Advisor to Director General.

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For further information:

PJSC ROSSETI

Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)

Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)

EM

Thomas Kiehn +7 (495) 363 2846

Yuri Krebs +7 (495) 363 2840

PJSC ROSSETI is the largest electricity transmission and distribution grid company in Russia. It is also one of the largest electricity transmission and distribution grid companies in the world by length of electricity lines and installed transformer capacity. PJSC ROSSETI holds interests in and manages 16 distribution grid companies and transmission grid company in Russia. The Company together with its subsidiaries owns and operates 2.3 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 750.9 GVA. The Company operates in 78 regions of Russia.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC Rosseti. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC Rosseti and its operations.