IDGC of Centre’s Board of Directors recommended that the Annual General Meeting of Shareholders should allocate 100.0% of the RAS net profit for 2016 for dividend payments

16 May 2017, the Board of Directors of IDGC of Centre, PJSC (hereinafter referred to as the Company) discussed issues related to the organization and conduct of the Annual General Meeting of Shareholders (hereinafter referred to as the AGM): a candidate for the Company’s auditor was proposed, recommendations on the distribution of profits, including the size of dividends on the Company’s shares for 2016, drafts of revised internal documents were considered.

Based on the results of the meeting, the Board of Directors recommended that the General Meeting of Shareholders should approve the following profit distribution of IDGC of Centre following the results of the reporting year of 2016: 1 866 675 thous. RUB, or 100,0 % of undistributed earnings of the reporting period to pay dividends on ordinary shares of the Company, which will be 0,044215195 RUB per 1 share. The dividend payment period to a nominal holder and a beneficial owner being a professional securities market participant is recommended no more than 10 working days, to other registered shareholders in the register - 25 working days from the record date of the list of persons entitled to receive dividends. The record date of the list of persons entitled to receive dividends was determined as – «21» June 2017. In addition, the Board of Directors proposed to the General Meeting of Shareholders for approval the drafts of the Articles of Association, the Regulation on the General Meeting of Shareholders, the Regulation on the Board of Directors and the Regulation on the Company’s Audit Commission in new editions.

Earlier IDGC of Centre’s Board of Directors tentatively approved the annual report and the annual accounting (financial) statements of the Company for 2016, and also decided to convene the AGM on 8 June 2017 in the conference centre of the hotel complex Holiday Inn Vinogradovo in Moscow, (Dmitrovskoe shosse, 171). Registration of participants of the meeting starts at 9-00 a.m. The record date of the list of persons entitled to participate in the AGM of the Company was determined as 15 May 2017.