The Board of Directors, held 18 May 2015, addressed issues related to the organization and holding of the Annual General Meeting of Shareholders (the AGM): the AGM agenda was approved, information to be provided to persons entitled to attend the AGM was determined, and the AGM Secretary was elected. The Company’s annual financial statements for 2014 were tentatively approved for further approval by the AGM.

The Board of Directors recommended to the General Meeting of Shareholders to approve the following profit distribution of IDGC of Centre following the results of fiscal year 2014: 2 494 246 thous. RUB, or 75 %, of the retained earnings of the reporting period to spend on development, 831 693 thous. RUB, or 25 %, of the retained earnings of the reporting period to pay as dividends on the Company’s ordinary shares, amounting to 0,0197 RUB per 1 share. The dividend payment period to a nominal holder and a beneficial owner being a professional securities market participant was recommended no more than 10 working days, to other registered shareholders – 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 defined – «07» July 2015.

In addition, the Board of Directors proposed to the General Meeting of Shareholders for approval the draft of the Company’s Articles of Association in a new edition, the draft of the Regulation of the General Meeting of Shareholders of the Company in a new edition, the draft of the Regulation on the Board of Directors of the Company in a new edition, the draft of the Regulation on the Management Board of the Company in a new edition, the draft of the Regulation on the payment of remuneration and compensation to members of the Board of Directors of the Company in a new edition, the draft of the Regulation on the payment of remuneration and compensation to members of the Audit Commission of the Company in a new edition and the draft of the Regulation on the Audit Commission of the Company in a new edition. Additionally, it was proposed to review at the General Meeting of Shareholders the item “Approval of the liability insurance contract of directors and officers of the Company, which is a related party transaction”.

Previously, the Board of Directors of IDGC of Centre decided to convene the Annual General Meeting of Shareholders of IDGC of Centre on 25 June 2015 in the conference centre of the hotel “Holiday Inn Vinogradovo” in Moscow (Dmitrovskoye shosse, 171), the start of registration of the meeting’s participants is at 9:00 a.m.