ROSSETI Board of Directors Meeting Results

ROSSETI Board of Directors Meeting Results

02 June 2016. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia today announces that the Board of Directors has approved the following agenda for the Company's Annual General Meeting of Shareholders ("AGM"), to be held on 30 June 2016:

1. Approval of the Company's annual report;

2. Approval of the Company's accounts, including the financial performance statements for 2015;

3. Approval of distribution of profit for 2015;

4. Dividend payment for 2015, including the amount, terms, payment procedure and record date;

5. Dividend payment for 1st quarter 2016, including the amount, terms, payment procedure and record date;

6. Remuneration to members of the Board of Directors who are non-governmental officers in the amount prescribed in the Company's internal documents;

7. Remuneration to members of the Internal Audit Commission who are non-governmental officers in the amount prescribed in the Company's internal documents;

8. Election of members to the Company's Board of Directors;

9. Election of members to the Company's Internal Audit Commission;

10. Appointment of the Company's auditor;

11. Approval of a restated version of the Company's Articles of Association;

12. Approval of a directors' and officers' liability insurance agreement, which constitutes a related party transaction;

13. Approval of participation in the Union «Agency of development of professional communities and skilled workers «WorldSkills Russia»;

14. Approval of cancellation of participation in the International industrial association of employers "Joint association of organisations engaged in construction, reconstruction and capital repairing of power facilities, grids and substations "ENERGOSTROY";

15. Approval of participation in the Non-Profit-Making Partnership Russian International Affairs Council.

The Company's Board of Directors recommended not paying dividends for the year ended 31 December 2015.

The Board of Directors of the Company recommended paying dividends in amount of RUB 0.07452614 for one Company's preferred share and in amount of RUB 0.00831813 for one ordinary share for the 1st quarter 2016.

The Board of Directors of the Company recommended setting 19 July 2016 as the record date for shareholders entitled to receive dividends for the 1st quarter 2016.

The Board of Directors recommended not paying remuneration to the members of the Board of Directors for 2015.

As announced on 17 May 2016, the AGM would take place on 30 June 2016 at 11:00 (Moscow time) at the following address: 1st Zachatievsky Pereulok 4, Moscow, Russia. Registration of shareholders participating in the AGM is to start at 10:00 (Moscow time) on 30 June 2016.

The record date for shareholders entitled to participate in the AGM is 24 May 2016.

The AGM materials will be available not later then 20 days prior to the date of the AGM on the Company's website at www.rosseti.ru/eng and from 10.00 till 15.00 (Moscow time) on work days at the Company's office at 4 Belovezhskaya street, Moscow and at the offices of JSC Registrar Society STATUS at 32, bldg.1 Novorogozhskaya street, Moscow.

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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

Irina Logutenkova +7 (495) 363 2846

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 15 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 761 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.