Independent auditor

The charter states that the Board of Directors recommends a nominee to conduct independent audit of the annual financial statements to the General Meeting after an audit firm tender No.58-ref. The General Meeting approves the Company’s auditor. The Company’s annual general meeting, conducted on Jun. 17, 2015 (minutes No.8 dated as of 18.06.2015), decided to approve RSM RUS (OOO) as the Company’s auditor. The charter states that the Board of Directors decides on the amount of the auditor fee. The fee and payment procedure are stipulated by the contract between the Company and the audit firm No.59-ref. The auditor remuneration for the audit of FY2015 financial statements, prepared under RAS and IFRS, was determined by the Board of Directors on 18.09.2015 (minutes No.176 dated as of 21.09.2015) at RUB 2,611,251.52, incl. VAT