Results of AGM

PJSC ROSSETI

Results of Annual General Meeting of Shareholders

6 July 2016. Moscow, Russia. - PJSC ROSSETI (LSE: RSTI) (the "Company"), the largest electricity transmission and distribution grid company in Russia announces the results of the Annual General Meeting of Shareholders ("AGM") held on 30 June 2016:

The following resolutions were passed at the AGM:

1. Approve of the Company's annual report;

2. Approve of the Company's accounts, including the financial performance statements for 2015;

3. Approve of distribution of profit (loss) for 2015;

4. No dividend payment shall be made on the Company's preferred or ordinary shares for 2015;

5. Dividend payment shall be made for 1st quarter 2016 in cash, in the amount 0.07452614 ruble per preference share, 0.00831813 ruble per ordinary share;

The dividend payment period shall be at most 10 business days for a nominee holder and an asset manager that is a professional securities market participant and 25 business days for other shareholders registered on the register after the date of the list of the persons entitled to dividends;

The record date for the persons entitled to dividends shall be July 19, 2016;

6. No remuneration to members of the Board of Directors who are non-governmental officers shall be paid for serving on the Board of Directors;

7. Remuneration to members of the Internal Audit Commission who are non-governmental officers, shall be paid in the amount, prescribed in the Company's internal documents;

8. Elect the following 15 members to the Company's Board of Directors:

Stanislav Ashirov

Boris Ayuyev

Oleg Barkin

Vasily Belov

Oleg Budargin

Oleg Dubnov

Alexander Kalinin

Vyacheslav Kravchenko

Andrey Murov

Alexander Novak

Nikolay Podguzov

Mikhail Poluboyarinov

Nikolay Rogalev

Sergey Shmatko

Nikolay Shulginov

9. Elect the following 5 members of the Internal Audit Commission:

Alexander Bogashov

Vladimir Khvorov

Sergey Kravchenko

Olga Kuleshova

Igor Shmakov

10. Approve RSM RUS as the Auditor of the Company

11. Approve of a restated version of the Company's Articles of Association;

12. Approve of a directors' and officers' liability insurance agreement, which constitutes a related party transaction;

13. Approve of participation in the Union «Agency of development of professional communities and skilled workers «WorldSkills Russia»;

14. Approve of cancellation of participation in the International industrial association of employers "Joint association of organisations engaged in construction, reconstruction and capital repairing of power facilities, grids and substations "ENERGOSTROY";

15. Approve of participation in the Non-Profit-Making Partnership Russian International Affairs Council.

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For further information:

PJSC ROSSETI

Maria Stepanova, Head of IR +7(495) 995 5333 (ext. 3961)

Yulia Martynova, IR +7(495) 995 5333 (ext. 3834)

EM

Thomas Kiehn +7 (495) 363 2846

Irina Logutenkova +7 (495) 363 2846

PJSC ROSSETI is the largest electricity transmission and distribution grid company in Russia. It is also one of the largest electricity transmission and distribution grid companies in the world by length of electricity lines and installed transformer capacity. PJSC ROSSETI holds interests in and manages 15 distribution grid companies and transmission grid company in Russia. The Company together with its subsidiaries owns and operates 2.3 million kilometers of electricity transmission and distribution lines with a total installed transformer capacity of 761 GVA. The Company operates in 78 regions of Russia.

Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of PJSC Rosseti. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might" the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industry, as well as many other risks specifically related to PJSC Rosseti and its operations.