11 july 2016

The RAO ES EAST, PJSC held its Annual General Shareholders Meeting (AGM) on June 30, 2016. The AGM approved the annual report for 2015, financial statements of the company and the decision on the distribution of profit and losses of the financial year ended. Considering the Company’s loss for 2015 in the amount of RUB 2.2 billion (under Russian accounting standards), shareholders followed Board of Directors’ recommendation not to pay the dividend for 2015.

CEO of RAO ES EAST, PJSC Sergey Tolstoguzov, stated that power generating companies of the Far Eastern holding continue to reliably provide consumers with heat and power, flexibly adjusting themselves to the new environment. In particular, the reduction of hydropower output coupled with the growing electricity demand it the Unified Energy System of the East led to an increase of electricity production of 9% to 33.97 TWh.
The Annual General Shareholder Meeting re-elected the Board of Directors. It remained unchanged from the last election in February 2016 and consists of the following 9 members:

    Nikolay Shulginov, Chairman of the Management Board - General Director, PJSC RusHydro;
    Andrey Kazachenkov, Member of the Management Board, First Deputy Director General, PJSC RusHydro;
    Oleg Kozhemyako – Governor of Sakhalinskaya oblast;
    Bayrta Perveeva, HR Drirector, PJSC “RusHydro”
    Yanina Stanyulenaite, Director for Corporate Governance, PJSC RusHydro;
    Sergey Plastinin, First Deputy Director General, RAO ES EAST, PJSC;
    Sergey Tolstoguzov, Director General, RAO ES EAST, PJSC;
    Sergey Terebulin, Director of Corporate Finance Department, PJSC RusHydro;
    Victor Khmarin, Deputy Director General for business-planning, investments, and procurement, PJSC RusHydro.

A new auditing committee was also elected. JSC BDO Yunikon was elected as the auditor of the Company.