RCS - PJSC Inter RAO UES - Joint Modernization of Kashirskaya SDPP

INTER RAO Lietuva ABAnnouncement

01/02/2022 10:25

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RNS Number : 3013A  PJSC Inter RAO UES  01 February 2022

Joint Modernization of Kashirskaya SDPP

Moscow, February 01, 2022 - Public Joint Stock Company "Inter RAO UES" ("Inter
RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities
holding in Russia, announces that on January 31, 2022 Inter RAO has received
written notices that JSC "Inter RAO - Electric Power Plants", company
organized under the laws of the Russian Federation and controlled by Inter
RAO, which are significant for the Company's business, and NordEnergoGroup
signed on January 28, 2022 Interrelated transactions between JSC "Inter RAO -
Electric Power Plants" and Nordenergroup LLC in relation to Kashirskaya GRES
LLC: Agreement 1 and Agreement 2 on the provision of options for the
conclusion of share purchase and sale agreements in the authorized capital of
Kashirskaya GRES LLC.

According to these agreements their total cost will be 58,475,000,000 RUB
(approx. 561,486,492 GBP) or 11,11% percent of book value of JSC "Inter RAO -
Electric Power Plants".

As well on January 31, 2022 Inter RAO has received written notice on the entry
into force of the Corporate Agreement with respect to Kashirskaya GRES LLC,
being an interconnected transaction with Agreements 1 and 2 dated January 28,
2022 on the provision of options for the conclusion of contracts for the
purchase and sale of shares in the authorized capital of Kashirskaya GRES LLC.

The cost of the Corporate Agreement in connection with Agreements 1 and 2 will
be 96,475,000,000 RUB (approx. 926,368,692 GBP) or 18,31% percent of book
value of JSC "Inter RAO - Electric Power Plants".

The said agreements are material transactions for JSC "Inter RAO - Electric
Power Plants" according to the legislation of the Russian Federation and is
approved by the Board of Directors of JSC "Inter RAO - Electric Power Plants"
on December 29(th), 2021.

 

The foregoing information is disclosed in compliance with the Securities Act
of the Russian Federation.

 For further information, please contact Inter RAO:

Larisa Sadovnikova               Head of Investor Relations
            +7 495 664-88-40 (ext. 2068)

sadovnikova_lv@interrao.ru (mailto:sadovnikova_lv@interrao.ru)

Nikolay Gorelov                    Press
Secretary
+7 495 664-88-40 (ext. 2010)

gorelov_nv (mailto:gorelov_nv@interrao.ru) @interrao.ru
(mailto:gorelov_nv@interrao.ru)

Svetlana Sidelnikova             Head of Corporate Relations and
Antitrust Compliance

+7 495 664-88-40
(ext.2081)
chuchaeva_sy@interrao.ru (mailto:chuchaeva_sy@interrao.ru)

Inter RAO is a diversified utilities holding headquartered in Moscow and
managing assets in different countries. The company produces and sells
electric energy and heat, trades energy on the international market, and
engineers, designs and builds generating assets. Inter RAO Group owns and
operates approximately 30,7 GW of installed power generating capacity. Inter
RAO corporate strategy is focused on making the company a global energy
enterprise and a key player in the international energy market.

For further information see www.interrao.ru (http://www.interrao.ru)

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