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Rosseti Centre

October 5, 2016

The Board of Directors of IDGC of Centre, PJSC approved the adjusted Investment Program for 2016-2020

4 October, a meeting of the Board of Directors of IDGC of Centre, PJSC (hereinafter – the Company) was held. The meeting approved the adjusted Investment Program of the Company for 2016-2020. The main reasons for adjustment of the Investment Program are: taking into account the tariff and balance decisions for 2016 and the current forecast of socio-economic development of the Russian Federation for the planning period, the update of the Company’s obligations on connection of customers to the grid.

Indicators of the adjusted Investment Program of the Company for 2016-2020:

Planning period:

2016

2017

2018

2019

2020

2016-2020

Capital investment, mln RUB without VAT

Approved plan*

13 387

13 941

14 697

15 187

16 057

73 269

Adjusted plan

13 346

9 594

9 656

10 066

10 983

53 645

Financing,

mln RUB with VAT

Approved plan*

16 194

16 418

17 375

17 911

18 968

86 867

Adjusted plan

14 294

11 296

11 454

11 822

12 943

61 809

Commissioning of fixed assets,

mln RUB without VAT

Approved plan*

13 694

14 199

14 932

15 593

16 043

74 461

Adjusted plan

13 069

10 200

9 963

10 334

10 243

53 808

Commissioned capacity

MVA

Approved plan*

803

739

854

1 049

573

4 018

Adjusted plan

767

602

620

728

469

3 187

km

Approved plan*

4 200

4 394

4 773

4 438

5 819

23 624

Adjusted plan

3 501

2 841

2 900

2 564

3 143

14 948

* The Investment Program of IDGC of Centre, PJSC for 2016-2020 was approved by the decision of the Board of Directors of the Company (Minutes # 05/15 dated 13.03.2015) and confirmed by Order of the Ministry of Energy of Russia dated 14.12.2015 # 951

The financing of the adjusted Investment Program of the Company for 2016-2020 at the expense of own funds of the Company will amount to 94%, - (including 75% - depreciation). The financing of the Investment Program by borrowing will be 6%.

More than 57% of the financing of capital investments is planned to be spent on new construction and expansion, about 43% on retrofitting and reconstruction.

As a result of the implementation of the adjusted Investment Program of the Company in 2016-2020 it will provide for achievement of the main objectives of the Company: reliable and uninterrupted power supply to consumers in the Company’s service area, as well as execution of the Company’s obligations on connection of customers to electric grid facilities of the Company in accordance with applicable legislation.

Other IR news of the Company can be found at: https://www.mrsk-1.ru/en/investors/presentations/ir_news/.







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