Functioning of the RM&ICS

The risk management and internal control system (hereinafter referred to as RM&ICS) of Rosseti Kuban is integrated into the general management system of the Company and is designed to provide reasonable guarantees for achieving an optimal balance between the growth of the Company’s value, profitability and risks, ensuring the Company’s financial stability, efficient business operations, safeguarding assets, compliance with legislation, the Company’s Articles of Association and by‑laws, and timely preparation of reliable reporting

To facilitate the RM&ICS, the Company put the following fundamental regulatory documents in place:

• Risk Management and Internal Control Policy of Rosseti Kuban, PJSC (approved by the decision of the Board of Directors of the Company dated 16 June 2023, Minutes No. 521/2023)
• Procedure for organising risk management and internal control at Rosseti Kuban, PJSC
• Procedure for determining the preferred risk (risk appetite) of Rosseti Kuban, PJSC