Credit ratings

Rating, assigned by Rating Agency Expert RA:

The Company has a stable ownership structure, takes monopolistic market positions; the agency highly rates the quality of corporate governance, the level of disclosure, the low level of debt burden, and the forecast level of liquidity.

Long-term credit rating on the national scale	Outlook	Period	Status
ruAAA	Stable	13.12.2023	Assigned
ruAA+	Stable	16.12.2022	Confirmed
ruAA+	Stable	17.12.2021	Assigned
ruAA	Stable	18.12.2020	Confirmed
ruAA	Stable	19.12.2019	Confirmed
ruAA	Stable	28.12.2018	Confirmed
ruAA	Stable	19.02.2018	Assigned