Disclaimer

This annual report (hereinafter – the Annual Report) was prepared based on information available to Joint Stock Company “ROSSETI” and its subsidiaries and dependent companies at the time this Report was compiled.

The Annual Report includes, among other things, statements regarding the Company’s future operations based on management’s current forecasts and assessments. There are a number of objective factors that could cause actual results to differ materially from the above forecasts and assessments.

The Annual Report contains certain forward-looking statements regarding business operations, economic and financial indicators of the Company, its business plans, projects and expectations. The Annual Report may also contain estimates of price changes, production and consumption volumes, costs, expenses, development prospects and other similar factors, as well as forecasts on industry and market development, beginning and end dates of certain projects of the Company.

Such forward-looking statements can be identified by the use of the terminology such as “intend”, “strive”, “project”, “expect”, “estimate”, “plan”, “anticipate”, “assume”, “may”, “could be”, “will be”, “continue” or similar words and expressions or variation thereon.

By their nature, forward-looking statements involve risks and uncertainties, both general and specific, that may cause the relevant assumptions, forecasts, projections and other forward-looking statements do not materialise. In view of the above risks, uncertainties and assumptions, the Company cautions that its actual results may differ materially from those expressed or implied in such forward-looking statements.

These statements are neither promises nor guarantees, and the Company shall not be liable for any losses incurred by legal entities and individuals who relied on forward-looking statements. Such forward-looking statements represent, in each case, only one of many possible scenarios and should not be viewed as the most likely scenario.

Except as required by applicable legislation, the Company does not undertake any obligation to release publicly any updates and revisions of such forward-looking statements whether as a result of new information or future events.