Remuneration of General Director

The criteria of determination and the amount of remuneration of General Director are fixed in the labor agreement and the Provision on Material Incentives for General Director of JSC IDGC of the North-West, approved by the Board of Directors of the Company on June 15, 2011.

The Provision on Material Incentives determines:

the procedure for defining, approval and change of the amount of wages of the Company’s General Director;
types of bonus payments;
the procedure for payment of wages and bonus payments;
the procedure for making decisions aimed at realization of approved Regulations.

The size of bonuses of General Director depends on the of fulfillment of key performance indicators (KPI) approved by the Board of Directors of the Company for the respective periods (quarter and year). Key performance indicators for 2014 are presented in section “Performance Assessment System”

The Company’s Board of Directors assesses the achievement of KPIs based on the report of General Director on achievement of target values of KPIs. In 2014, the Board of Directors approved the reports on achievement of KPIs:

for Q3 2013 — resolution of the Board of Directors of January 30, 2014 (Minutes No. 146/17);
for the 4th quarter of 2013 and 2013— resolution of the Board of Directors of June 24, 2014 (Minutes No. 158/29);
for Q1 2014 — resolution of the Board of Directors of September 01, 2014 (Minutes No. 164/6);
for Q2 2014 — resolution of the Board of Directors of October 14, 2014 (Minutes No. 166/8).

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Information on remuneration paid to the members of the Management Board in 2014, including the person acting as the Sole Executive Body

Description	Amount, RUB
Salary	33,886,685
Remuneration for performance of functions of a member of the Management Board	2,918,108
Bonus for achievement of set quarterly KPIs	3,000,530
Bonus for achievement of set annual KPIs for 2013	25,068,522
Other bonuses	6,196,293
Total	71,070,138

Due to the replacement of the sole executive body acting since July 01, 2012 till April 24, 2014, the compensation was paid upon resignation for unused vacation of 69 calendar days for the period from September 03, 2011 to April 24, 2014.