ABOUT THE REPORT

This Annual Report presents the results of Public Joint Stock Company Rosseti Kuban for 2023, as well as certain important events that occurred after the reporting date between 1 January 2024 and the preliminary approval of the Annual Report by the Board of Directors.

The Report was aligned with Russian laws, such as:

• Federal Law dated No. 39‑FZ dated 22 April 1996 “On the Securities Market”
• Federal Law No. 208‑FZ “On Joint Stock Companies” dated 26 December 1995 (hereinafter — Federal Law “On Joint Stock Companies”)
• Bank of Russia’s Regulation No. 714‑P “On Disclosure of Information by Issuers of Equity Securities” dated 27 March 2020
• Recommendations of the Corporate Governance Code of the Bank of Russia for use by joint stock companies that have stock‑exchange securities by the Letter of the Bank of Russia No. 06‑52/2463 dated 10 April 2014 (hereinafter — the Corporate Governance of the Bank of Russia)
• Recommendations on by public joint stock companies disclosing non‑financial information related to the activities of such companies (Information Letter of the Bank of Russia No. IN‑06‑28/49 dated 12 July 2021)

Herein, Public Joint Stock Company Rosseti Kuban is also referred to as Rosseti Kuban, PJSC, Rosseti Kuban, the Company, Kubanenergo, PJSC (when the periods (events) that took place from 22 June 2015 to 10 August 2020 are mentioned), Kubanenergo, OJSC (when the periods (events) that took place before 22 June 2015 are mentioned).

The following companies ceased operations on 9 January 2023:

• Public Joint Stock Company Russian Grids (abbreviated Rosseti, PJSC) — the Company’s major shareholder
• Joint Stock Company Kuban Main Grids
• Joint Stock Company Tomsk Main Grids
• Joint Stock Company Far East Energy Management Company — UNPG (also a shareholder of the Company)

Cessation of business resulted their merger with Public Joint Stock Company Federal Grid Company — Rosseti (abbreviated name of Rosseti, PJSC, formerly FGC UES, PJSC). The latter is the universal legal successor of the above entities and has acquired ownership of all shares of Rosseti Kuban, PJSC owned by the above‑mentioned shareholders of the Company.

Accordingly, whenever Rosseti, PJSC is mentioned in this Report, the Company means:

• until 9 January 2023 — Public Joint Stock Company Russian Grids (Rosseti)
• since 9 January 2023 — Public Joint Stock Company Federal Grid Company — Rosseti

Theme of the Report:

Line of Development

Material topics related to the Company’s activities disclosed in the Report: