RCS - PJSC Inter RAO UES - Results of the Board of Directors Meeting

INTER RAO Lietuva ABAnnouncement

31/01/2022 15:55

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RNS Number : 1919A  PJSC Inter RAO UES  31 January 2022

Results of the Board of Directors meeting of Inter RAO

Moscow, January 31, 2022 - Public Joint Stock Company "Inter RAO UES" ("Inter
RAO", "Company", ticker on MOEX: IRAO), the largest diversified utilities
holding in Russia, announces the results of the Board of Directors meeting of
Inter RAO ("Board of Directors") held on January 31, 2022 by absentee voting.

The Board of Directors considered and adopted the following resolutions:

-     Determination of price and consent for conclusion of related-party
transactions:

Determine the price of the employment contract between Inter RAO and the
General Director of the Company Boris Kovalchuk (the amount of remuneration
and compensation under the employment contract) as related-party transaction.

Determine the conditions and give contest for the conclusion of additional
agreement to employment contract between Inter RAO and the General Director of
the Company Boris Kovalchuk as related-party transaction.

Boris Kovalchuk is recognized as a person interested in concluding an
additional agreement to the employment contract with Inter RAO, as he is a
party to it. Chairman of the Board of Directors of Inter RAO to sign on behalf
of the Company an additional agreement to the employment contract with the
General Director of the Company Kovalchuk Boris.

Determine the price of the employment contracts between Inter RAO and the
company's Management Board members:

- Maslov Alexei;

- Miroshnichenko Evgeny;

- Murgulets Valeriy;

- Okley Pavel;

- Panina Alexandra;

- Filatov Dmitry;

- Sharov Yuri;

 (the amount of remuneration and compensation under the employment contract)
as related-party transactions.

Determine the conditions and give contest for the conclusion of additional
agreements to employment contracts between Inter RAO and members of the
Management Board of the Company:

- Maslov Alexei;

- Miroshnichenko Evgeny;

- Murgulets Valeriy;

- Okley Pavel;

- Panina Alexandra;

- Filatov Dmitry;

- Sharov Yuri;

as related-party transactions.

Persons interested in the conclusion Inter RAO additional agreements to
employment contracts, are recognized as members of the Management Board Maslov
Alexey, Miroshnichenko Evgeny, Murgulets Valeriy, Okley Pavel, Panina
Alexandra, Filatov Dmitry, Sharov Yuri, as they are parties to them.

Authorize the General Director of Inter RAO Kovalchuk Boris to sign on behalf
of the Company additional agreements to employment contracts with members of
the Management Board.

-     Declaration to be no longer in force of the decision of the Board of
Directors of Inter RAO:

In connection with the removal from control of the Directives of the
Government of the Russian Federation dated December 25, 2019 No. 12119p-P13
"On the assessment of the presence or absence of large investment projects
being implemented or planned for implementation" (letter of the Federal
Property Management Agency dated December 10, 2021 No. OM-11/42936), to
declare to be no longer in force from December 10, 2021 the decision of the
Board of Directors of Inter RAO dated February 14, 2020 (Protocol No. 264
dated February 17, 2020) on issue No. 1 (subparagraph 1.1) "Consideration of
Directives".

-     Determination of Inter RAO (its representatives') standpoint on
issues of the agendas of the management bodies of legal entities controlled by
the Company which are significant for the Company's business:

Determine Inter RAO (its representatives') standpoint on issues of the agendas
of the management bodies of legal entities controlled by the Company which are
significant for the Company's business.

 

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@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 energy holding, serving various segments of
Russian and international electric power industry. The Group is the leading
exporter and importer of electricity in Russia, actively increasing
electricity generation and sales, and developing new lines of business. Inter
RAO Group owns and operates approximately 30.7 GW of installed power
generation capacity. Its share of Russian retail electricity and capacity
market is over 18%.

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

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