Enel Russia Holds Annual General Shareholders’ Meeting

Published on Thursday, 15 June 2017

Moscow, June 15th, 2017 – The Annual General Shareholders’ Meeting of PJSC Enel Russia was held in Moscow today, and was attended by shareholders holding in aggregate 89.19 percent of the total voting stocks. The list of persons eligible to participate in the meeting was drawn up as of May 22nd, 2017.

Among the main issues on the agenda were the approval of the company’s annual report and annual financial statements for 2016, the approval of the distribution of profit (including the payment of dividends) and of the losses of PJSC Enel Russia on the results of 2016 financial year, and the election of its new Board of Directors and Internal Audit Commission.

“2016 was marked by important changes and our company achieved significant results. The strategic decisions we have taken have in fact enabled us to gain strength and resilience and led us to solid delivery that allows us to begin to distribute dividends again and to implement an already increased payout of 55% versus previous 40%, thus ensuring stable remuneration for our shareholders”

– Carlo Palasciano Villamagna, General Director of PJSC Enel Russia

The Annual General Shareholders’ Meeting approved the annual report and the annual financial statements of the company for 2016. Acting on a proposal by the Board of Directors, the Shareholders’ Meeting approved the distribution of dividends totalling around 2.4 billion RUR or 0.06822 RUR/share, with that amount corresponding to 55% of the company’s IFRS net ordinary income for 2016. The Assembly set June 28th, 2017 as the Dividend Record Date.

PJSC Enel Russia’s Shareholders’ Meeting elected a new Board of Directors composed of 11 members:

Stephane Zweguintzow

Roberto Antonio Enzo Deambrogio

Marco Proietti

Marco Fragale

Rodolfo Avogadro Di Vigliano

Gerald Joseph Rohan

Giuseppe Luzzio

Laurent Nicolas Souviron

Tagir Sitdekov

Denis Mosolov

Alexander Arthur John Williams

The Meeting also elected the company’s Internal Audit Commission and appointed Limited Liability Company Ernst & Young as PJSC Enel Russia’s auditor.

The Annual General Shareholders’ Meeting approved an amended version of the Company Charter and the procedure for convening and holding meetings of the company’s Board of Directors. The amendments regard the improvement of PJSC Enel Russia’s corporate governance in line with the Code of corporate governance recommended by the Central Bank of Russian Federation.

An Enel Group subsidiary, PJSC Enel Russia operates the following power plants: Konakovskaya GRES, Nevinnomysskaya GRES, Sredneuralskaya GRES and Reftinskaya GRES. The company’s total gross installed electrical capacity is 9,428.7 MW (equivalent to 8,878.4 MW net installed capacity) and thermal capacity is 2.382 Gcal/h. PJSC Enel Russia’s authorised capital is 35,371,898,370 roubles, which is divided into ordinary shares with a par value of 1 rouble. The Enel Investment Holding B.V. share in the company’s authorised capital is 56.43%, PFR Partners Fund I Limited’s share is 19.03%, Prosperity Capital Management Limited’s share is 8.23%, VTB Bank’s share is 3.87% and other minority shareholders’ share is 12.44%. PJSC Enel Russia shares are listed in Level 1 MICEX quotation list. The company was established in Yekaterinburg on October 27th, 2004 as OJSC OGK-5. On July 7th, 2009 by the resolution of Annual General Shareholders’ Meeting the company was renamed OJSC Enel OGK-5 and on August 8th, 2014 the Federal Tax Service registered the new version of the company’s charter with the name OJSC Enel Russia. On June 25th, 2015 the company changed its legal type and was renamed PJSC Enel Russia.