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ANNUAL REPORT

OF S.P. KOROLEV ROCKET AND SPACE PUBLIC CORPORATION ENERGIA FOR 2015

S.P. Korolev Rocket and Space Corporation EnergiaEnergia

This Annual Report of S.P. Korolev Rocket and Space Public Corporation Energia (also hereinafter referred to as RSC Energia, RSC Energia, Corporation) was prepared by the Corporation performance in 2015 with due regard for the requirements stated in the Russian Federation Government Decree of December 31, 2010 No. 1214 “On Improvement of Management Procedure of Open Joint-Stock Companies Whose Corporation Stock are in Federal Ownership and Federal State Unitary Enterprises”, and in accordance with Regulations “On Information Disclosure by the Issuers of Outstanding Securities No. 454-P approved by the Bank of Russia on December 30, 2014.

This Annual Report was submitted for preliminary approval by RSC Energia’s Board of Directors on May 24, 2016, Minutes No. 21.

Accuracy of the data contained in this Annual Report was confirmed by RSC Energia’s Auditing Committee Report as of May 23, 2016.

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TABLE OF CONTENTS

1. KEY PERFORMANCE INDICATORS 62. CORPORATION PROFILE 82.1. Corporation background 82.2. Corporation structure (its participation in subsidiary and affiliated companies) 92.3. Information about the purchase and sale contracts for participating interests, equities, shares of business partnerships and companies concluded by the Corporation in 2015 102.4. Information about building holding (integrated) structure 11

2.5. THE COROPRATION’S STANDING IN THE INDUSTRY 132.5.1. The period of Corporation’s activities in the industry 132.5.2. Major competitors of the Corporation in space industry 142.5.3. Corporation share in respective market segment in terms of its core business and dynamics of this indicator over the last 3 years 16

3. OUTLOOK FOR THE CORPORATION DEVELOPMENT AND MAIN FIELDS OF ITS ACTIVITIES 173.1. Information about the strategies and development programs of the Corporation 173.2. Corporation development outlook 173.3. Level of investment with breakdown by financing sources 203.4. Quality Management System in force at the Corporation 20

4. HIGH-PRIORITY AREAS OF CORPORATION ACTIVITIES AND THEIR RESULTS 234.1. Transportation and engineering support and flight operation of rocket and space complexes and systems 234.2. ISS operation 254.3. Advanced space systems374.4. Launch vehicles 394.5. Unmanned space systems 414.6. The use of space technologies in terrestrial applications 424.7. International activities of the Corporation 43

5. SOCIAL RESPONSIBILITY. PERSONNEL DEVELOPMENT AND SOCIAL POLICY 475.1 Personnel policy 475.2. Personnel motivation 495.3 Social policy 50

6. ENERGY CONSERVATION AND ENERGY EFFICIENCY. INCREASE IN PRODUCTION ECOLOGICAL SAFETY 526.1. Measures to enhance energy efficiency 526.2 Information about the volume of different types of fuel-and-power resources used by the Corporation in 2015 (in physical and money terms) as compared with the past year 546.3 Ecological efficiency 55

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7. CORPORATE GOVERNANCE 577.1 RSC Energia corporate governance concepts and structure 577.2. Information about conducting General Shareholders Meetings 607.3. Information about the Corporation Board of Directors 61

7.3.1 Board of Directors Regulations 617.3.2 RSC Energia Board of Directors membership during the accounting year 627.3.3. Background information about the persons who were the members of RSC Energia Board of Directors in 2015 637.3.4. Regulations on ad hoc Committees at RSC Energia Board of Directors 687.3.5. Meetings of the ad hoc Committees at the Board of Directors in 2015 697.3.6. Provision on Remuneration of the Corporation Board of Directors members 697.3.7. Information about remuneration paid to the Board of Directors members in 2015 69

7.4. Information about the Corporation executive bodies717.4.1. Single – member executive body 717.4.2. Collective Executive Body 717.4.3. RSC Energia Collective Executive Body membership during the accounting year (up to now) 727.4.4 Background information about the persons who were the members of RSC Energia Management Board during 2015 737.4.5. Provision on remuneration of the Corporation executive bodies members 797.4.6. Information about remuneration paid to the Corporation executive bodies members

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8. EQUITY CAPITAL 818.1. Equity capital structure 818.2. Dividend Policy 838.3. Information about distribution and disposition of the profit earned by the 2013 performance in 2015 85

9. INTERNAL CONTROL AND RISK MANAGEMENT 869.1. Description of the key risk factors associated with the Corporation activities 869.2. Internal control 929.3. Internal audit 939.4. Information about the Corporation Auditing Committee 949.5. Membership of RSC Energia Auditing Committee during the accounding year 949.6. Remuneration paid to the Auditing Committee members in 2015 95

10. ADDITIONAL INFORMATION 96Glossary 97

11. APPENDICES 102Appendix 1 / Financial Statements and Audit Report on Reliability of Financial Statements over the Accounting and Previous Years 102Appendix 2 / Data on Appropriation of Net Profit in 2015 Gained by the Corporation in 2013 103

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Appendix 3 / Information about State Backing of the Corporation Activities in the Accounting Year Including Data on Subsidies Granted, Purpose of Use; Information on Application of Funds for Accounting Year-End105Appendix 4 / Information about the resolutions passed at General Shareholders’ Meeting, Board of Directors’ Meetings and meetings of the ad hoc Committees at the Board of Directors 106Appendix 5/ Information about the Corporation compliance with the Code of Corporate Governance

153Appendix 6/Information about large deals effected in 2015th 186Appendix 7 / Information about interested-party transactions effected in 2015th 187Appendix 8 / Information about economic entities with the Corporation’s stake in their Charter Capital from 2 up to 20% 232Appendix 9 / Infromation about affiliated companies with the Corporation’s stake in the Charter Capital from 20% to 50% 234Appendix 10 / Information about subsidiary companies with the Corporation’s stake in their Charter Capital from 50 % + 1 share up to 100 % 234Appendix 11 / Non-profit organizations the participant (founder) of which is RSC Energia 236Appendix 12 / Information about actual results of executing the Russian Federation President and Government orders and instructions 239Appendix 13 / Information about continuing court proceedings in which the Corporation acts as a plaintiff/defendant on debt claim with indicated total amount of claims made/lodged that may have an impact on the Corporation operation 253

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1. KEY PERFORMANCE INDICATORS

2011 2012 2013 2014 2015

Increase/ fall in

2015 as compared

to 2014

Finance indicators        

Receipts mln rubles

20 538,5 22 131,1 28 410,5 25 025,4 38 519,9 54%

Cost value mln rubles

18 669,4 20 512,4 27 375,9 23 725,0 36 885,5 55%

Profit before tax mln rubles

5 600,4 4 085,9 3 932,3 -654,6 1 634,3 350%

Net profit mln rubles

1 245,8 759,0 416,2 -1 034,3 590,3 157%

Level of capital investments mln rubles

712,3 1 712,1 1 512,0 1 628,5 365,4 -78%

Dividends (declared dividends by annual performance results)

mln rubles

314,6 193,3 106,8 0,0 -

Production figures        

ISS Russian Segment modules (manufacture/launch)

units - - - - -

Work-in process of ISS Russian Segment modules

units 2 2 3 4 3

Transport manned space vehicles (manufacture/launch)

units 4/4 4/4 5/4 4/4 5/4

Transport cargo space vehicles (manufacture/launch)

units 5/5 4/4 5/4 4/4 4/5

Work-in process of transport space vehicles (manned/cargo)

units 12/12 15/12 11/10 10/9 10/9

Manufactured the Upper Stages (state order/commercial order)

units 2/3 -/4 1/2 -/- -/1

Work-in-process of the Upper Sages (state order/commercial order)

units -/4 1/5 -/4 -/3 4/-

Launches of spacecraft using the Upper Stages (state order/commercial order)

units -/2 1/3 1/2 -/1 1/-

Orders of unmanned spacecraft (state order/commercial order)

units 1/1 2/1 2/2 2/2 2/2

R & D costs mln rubles

16 700,0 17 781,2 23 832,1 21 450,3 34 207,2 59.5%

Innovative products sales share in receipts

% 32.7 32.1 35.3 36.0 40.1 4.1%

Technologies introduced into production (first year of application)

units 5 6 6 7 8 1

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R&D costs, mln rublesInnovative products sales share in receipts, %

Level of capital investments, mln rubles

P&D costs and innovative products sales share in receipts

Work-in-process of ISS Russian Segment modules, units

The number of built manned transportation spacecraft, pcs

The number of orders for unmanned spacecraft, pcs

Govnt contracts, pcs Commercial, pcs

Receipts, mln rubles

2. CORPORATION PROFILE

2.1. Corporation background

RSC Energia is the leading Russian rocket-space enterprise which builds both manned and unmanned space systems, launch vehicles and orbit-to-orbit transportation vehicles, as well as different high-technology systems for non-space applications. Also the Corporation is the key organization engaged in utilization of the International Space Station Russian Segment.

Major areas of the Corporation activities are: research and development in the field of natural and technical sciences; development, manufacture, ensured operational use of manned, unmanned space and rocket systems; development of weapons and military equipment.

Full firm’s name: Открытое акционерное общество «Ракетно-космическая корпорация «Энергия» имени С.П. Королёва»

Shortened firm’s name: ОАО «РКК «Энергия»Full firm’s name in English: «S.P. Korolev Rocket and Space Public Corporation Energia»Shortened firm’s in English: RSC Energia

Status: Public CorporationDate of incorporation and

number of State Registration Certificate:

06.06.1994 No.1430

State agency for registering legal entities:

Municipal Administration of Kaliningrad city, Moscow Region

Main State Registration Number (MSRN):

1025002032538 of 21.10.2002Registered by Inter district Inspectorate of Federal Taxation Service No.2, Moscow Region

Certificate of its being entered in the United State Register of Legal

Entities:

Series 50 No. 02516454Issued by Inter district Inspectorate of Federal Taxation Service No.2, Moscow Region

Taxpayer Identification Number: 5018033937Place of business and mailing

address:4A Lenin Street, Korolev city, Moscow Region, 141070, Russia

Contract phone: (495) 513-72-48Fax: (495) 513-86-20, (495) 513-88-70

Press service: (495) 513-80-19Corporation e-mail: post@rsce.ru

Corporation web site: www.energia.ru Web site for disclosing

information on the internet:http://www.e-disclosure.ru/portal/company.aspx?id=1615

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2.2. Corporation structure (its participation in subsidiary and affiliated companies)

Appendices   8,   9,   10 and   11   to the Annual Report give detailed information about the subsidiary and affiliated companies, as well as other organizations where RSC Energia is involved.

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Manned Space Systems

Development and operation of the ISS Russian Segment

Manufacturing, launching, docking with the ISS and returning from it to Earth manned and logistics spacecraft

R&D to develop advanced manned transportation systems, space infrastructure and carry out manned missions to various areas of the near-Earth space and solar system

Unmanned Space Systems

Using the multipurpose satellite bus as a basis for developing unmanned spacecraft and space systems for various applications, including satellite communications and Earth remote sensing

Launch Vehicles

Manufacturing upper stages to launch unmanned spacecraft under government and commercial contracts, including GLONASS satellites

Development of main components and technologies for building rocket-space complexes, including new-generation complexes

RSC EnergiaMAJOR AREAS OF ACTIVITIES

Subsidiary and Affiliated Companies by areas of activities(RSC Energia share in their charter capital)

ZAO ZEM RSC Energia (100%)

OAO Consortium Space Regata (30%)

OOO Energia SAT (51%)

ZAO Energia-Telecom (50.1%)

OAO Gazprom Space Systems (16.16%)

ZAO ZEM RSC Energia (100%)

Major customers

State-owned corporation (Roscosmos)

US Space Agency (NASA)

European SPACE agency (ESA)

Space Agencies of other countries

Government customer

Foreign customers

State-owned corporation (Roscosmos)

Government customer

The Corporation Board of Directors approved the concept and philosophy of management for its subsidiary and affiliated companies (Minutes No. 22 of 25.06.2015):

o sustained rise in productivity;o optimized use of production areas;o optimized staff number;o optimized business process;o adoption of procurement system;o boosting profitability of operation;o budget management;o optimized current expenses;o reduced duplicate functions;o efficiency assessment based upon impartial economic appraisal.

On October 02, 2015, the Corporation Management Board resolved to approve the Provision on Cooperation with the Subsidiary and Affiliated Companies in which RSC Energia owns a share (or a shareholder) (hereinafter referred to as the Provision). The above Provision was drawn up in accordance with the Russian Federation Legislation, the Corporation Bylaws, the philosophy of management of its subsidiary and affiliated companies approved by the Board of Directors, as well as other in-house documents of RSC Energia.

2.3. Information about the purchase and sale contracts for participating interests, equities, shares of business partnerships and companies concluded

by the Corporation in 2015

In 2015 the Corporation ended its participation in two joint-stock companies by exercising its right to withdraw from the limited liability company as a participant:

OOO IPROVEN RSC Energia. OOO International Space Services.

Program to alienate non-core assets (hereinafter referred to as the “Program”) was approved by the Corporation Board of Directors on 14.07.2011; supplement to the Program was approved by the Board of Directors on 20.06.2012.

The Program to alienate non-core assets covered the Corporation-owned share interests in charter capitals of other legal entities whose participation was recognized as inadvisable (in so doing, criteria applied to alienate non-core assets included the following: SAC contribution to the Corporation total profit; degree of its effect on the total profit; how much the core business of the Corporation depends upon products or services provided by SAC; available strategic partnership on advanced projects; fulfillment of special target tasks).

In the course of the Program implementation, terms of alienation of particular assets were agreed upon by the Board of Directors (Appendix No. 12 to the Annual Report gives detailed information to this effect).

As on 31.12.2014, the Corporation stocks owned by the Russian Federation (on behalf of which Federal Property Management Agency exercised its rights) were assigned to the charter capital of OAO United Rocket-Space Corporation as a contribution. The Corporation was excluded from the List of Strategically Important Joint-Stock Companies.

As on 31.12.2014, in accordance with the Program approved, the Corporation has not sold the stocks in the charter capital of OAO Consortium Komicheskaya Regata which are in its possession (due to the fact that there have been no legal persons so far willing to acquire the stocks at their market value); the same is true of the stocks of the ILS International Launch

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Services, Inc. (US) (no reliable financial and other information about the company is available, so it is impossible to evaluate the stocks). During 2015 the work continued on the above assets: potential buyers for the block of shares of AO Consortium “Kosmicheskaya Regata” were looked for; no buyer was found as on 31.12.2015; as far as the ILS International Launch Services, Inc. is concerned, the Corporation continues to undertake efforts to get the required information and materials in order to assess value of the stocks and then sell the stocks. As part of this work, the Corporation carries on correspondence with the chief shareholder of the ILS International Launch Services, Inc., FSUE GKNPTs after M.V. Khrunichev, on the above issues; as on 31.12.2015, the situation remains unchanged. Accordingly, no transactions on selling non-core assets within the Program have been effected throughout 2015.

During 2015 the Board of Directors considered SAC management matters and efforts to optimize handling non-core assets of RSC Energia, as well as adopted philosophy of SAC and non-core assets management, in accordance with which new approaches were adopted to assess advisability/inadvisability of share interest; KPI introduction was foreseen to evaluate efficiency of SAC operation and non-core assets; share interests in SAC operating inefficiently were scheduled for alienation.

2.4. Information about building holding (integrated) structure

In order to improve the Russian Federation rocket-space industry organizations management system within a large-scale program to restructure Russian space industry, 2014 saw creation of open joint-stock company entitled “the United Rocket-Space Corporation” (OAO URSC) whose shares (100%) are in federal ownership (Decree of the RF President No. 874 “On Rocket-Space Industry Management System” dated 02.12.2013).

According to the Russian Federation Government Direction No. 114-r dated 03.02.2014, RSC Energia’s stock which had been in the Russian Federation ownership (38.22 %) was added to OAO URSC charter capital as the Russian Federation contribution.

OAO URSC comprised the organizations the stock of which was in the Russian Federation ownership, including the integrated structures consisting of Russian rocket-space industry enterprises and agencies.

By Russian Federation President Decree No. 275 of 23.04.2014 OAO URSC was added to the List of Strategic Enterprises and Joint-Stock Companies. Furthermore, the Russian Federation President Decree No. 874 of 02.12.2013 “On Rocket-Space Industry Management” required that RSC Energia should be excluded from the List of Strategic enterprises.

In July 2015 Federal Law No. 215-FZ enacted on 13.07.2015 prescribed creation of public space corporation ROSCOSMOS (hereinafter referred to as Public Corporation ROSCOSMOS).

Public Corporation ROSCOSMOS was set up in order to implement government policy concerning space activity and its regulatory control and legal regulation; as well as place orders for development, manufacture and delivery of space technology and space infrastructure objects. Also Public Corporation ROSCOSMOS is responsible for development of international cooperation in space activity and capitalizing on space activity achievements for further socio-economic progress in Russia.

Public Corporation ROSCOSMOS is an authorized body of administration in the field of space exploration, development and use which is invested with powers to carry out government administration and exercise management of space activity on behalf of the Russian Federation in accordance with the Russian Federation Law No. 5663-1 “On Space Activity” of 20.08.1993, as well as regulatory control and legal regulation in this area.

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OAO URSC stock being in federal ownership is to be transferred to Public Space Corporation ROSCOSMOS as a property contribution. Accordingly, RSC Energia also shall form part of Public Corporation ROSCOSMOS.

Under the procedure established by the Russian Federation legislation, Public Corporation ROSCOSMOS shall exercise powers (functions) of the general manager of budgetary funds; recipient of budgetary funds; chief administrative officer of budget receipts; administrator of budget receipts, state customer; state customer-coordinator; responsible contractor under state armament program; state-funded programs of the Russian Federation; presidential programs; Federal Space Program of Russia; interstate (intergovernmental) and federal target programs; state defence order; federal dedicated investment program; programs of Allied state and programs devoted to international cooperation in space activity.

Public Corporation ROSCOSMOS is the legal successor of the USSR Ministry of Mechanical Engineering; Russian Space Agency; Russian Aviation-Space Agency and Federal Space Agency with regard to international contracts (agreements) of the Russian Federation for space activity concluded with the agencies and organizations of foreign countries and international organizations (including relevant contract commitments), as well as the legal successor of the Russian Aviation-Space Agency and Federal Space Agency as regards the agreements (contracts) in the above area concluded with federal governmental authorities; governmental authorities of the Russian Federation subjects; bodies of local government and organizations.

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2.5. THE COROPRATION’S STANDING IN THE INDUSTRY

2.5.1. The period of Corporation’s activities in the industry

RSC Energia has been conducting business in rocket and space industry since 1946, when a team of developers of long-range ballistic missiles headed by the Chief Designer for rocket and space systems and the founder of practical cosmonautics S.P.Korolev was formed. The enterprise became the pioneer in virtually all the fields of our country’s rocket and space technology. Today, RSC Energia is the leading Russian rocket-space enterprise, the prime organization for manned space systems, which is also involved in development of unmanned space and rocket systems (launch vehicles and orbit-to-orbit transportation vehicles), as well as various high-technology systems for non-space applications.

RSC Energia is the legal successor to Special Design Bureau-1 (OKB-1), Central Design Bureau of Experimental Machine-Building (Ts KBEM) and Scientific – Production Association (NPO) Energia after academician S.P. Korolev. The Corporation was established by the Russian Federation President’s Decree No 237 dated February 4, 1994 “On the Procedure for Privatizing Scientific and Production Association Energia named after S.P. Korolev” and on the basis of the Russian Federation Government Resolution No 415 dated April 29, 1994 “On Establishing S.P. Korolev Rocket and Space Corporation Energia”.

At present, RSC Energia is involved in the following major areas of activities:

1. Manned space systems. Major customers: State Corporation Roscosmos, US National Aeronautics and Space Administration (NASA), European Space Agency (ESA), space agencies of other countries.

2. Unmanned space systems. Major customers: Russian and foreign.

3. Rocket systems. Major customers: Russian (State Corporation Roscosmos, etc.) and foreign.

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2.5.2. Major competitors of the Corporation in space industry

On the world market of manned space flights the Corporation provides services to deliver to and return from the ISS cosmonauts and astronauts. The number of cosmonauts and astronauts delivered and returned annually by transport manned space vehicles Soyuz is 12. At present time, RSC Energia is the monopolist on this market, however, after 2018 US companies Boeing (space vehicle Starliner) and Space X (space vehicle Crew Dragon) may become competitors of the Corporation. Also engaged in the development of a manned space vehicle is Sierra Nevada Corporation (Dream Chaser space vehicle).

US commercial crew transportation space vehicles

Characteristic

Spacecraft

Crew Dragon Starliner Dream Chaser

Launch mass, metric tons 13.1 14.8 12.3

Crew, number of persons 4-7 4-7 up to 7

Start of flight tests, year No earlier than 2017 2017 2019

Type of LV Falcon 9 FT Atlas V Atlas V

In addition to commercial manned spacecraft, working within the framework of the US government space program, Lockheed Martin is developing a multi-purpose crew vehicle MPCV/Orion, intended for missions beyond the low-Earth orbit.

Multi-Purpose Crew Vehicle ( MPCV) Orion

Characteristic

Launch mass, metric tons 24.3

Crew, number of persons 4

Start of flight tests, year 2018 (unmanned),2023 (manned)

Type of LV SLS

The Chinese manned spacecraft Shenzhou can be considered as a potential competitor to Soyuz. By now, there have been 10 Shenzhou missions out of which five were performed in unmanned mode and five in manned mode.

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Key data on Shenzhou spacecraft

Characteristic

Launch mass of the spacecraft, kg 8100

Crew, number of persons 3

Start of operation, year 2003

Number of missions (in manned mode) 5

Docking system type APDA

The world market segment for cargo delivery to ISS and return to Earth is not monopolized by the Corporation. At present, payloads are delivered to the ISS by Russian cargo spacecraft Progress, Japanese cargo spacecraft HTV, as well as by commercial US cargo spacecraft under contracts with NASA, Dragon (made by SpaceX) and Cygnus (made by Orbital ATK). It is expected that in 2018-2019 this segment of the market will see a new participant – Sierra Nevada Corporation (with the spacecraft Dream Chaser Cargo System), which in January 2016 won a contract under Phase 2 of the ISS Commercial Resupply Services (CRS-2) program . New contracts to deliver cargoes in 2019-2024 were also won by SpaceX and Orbital ATK, which are participating in Phase 1 (CRS-1) of the program.

Foreign- made cargo spacecraft

Characteristic

Spacecraft

Dragon Cygnus HTV Dream Chaser Cargo System

Launch mass of the spacecraft, metric ton 13.1 8.0 16.5 12.3

Mass of dry cargo delivered in the pressurized compartment, metric tons

up to 1.7 up to 3.5 up to 4.5

up to 5.5Mass of dry cargo delivered in the unpressurized compartment, metric tons

up to 1.7 - up to 1.5

Mass of returned cargo, metric tons up to 1.7 - - up to 1.8

Mass of disposed of cargo, metric tons up to 0.8 up to 3.5 up to 4.5 up to 4.8

The SpaceX is the leader in the world market segment dealing with return of payloads from the ISS. Within the framework of 6 missions of the Dragon spacecraft to the ISS, the total of 7.5 metric tons of payloads was returned. Transport manned spacecraft Progress offers no capability to return payloads to Earth. However, the ISS orbital reboost maneuver uses, apart from the station’s own thrusters, exclusively the Progress spacecraft. Every year about 200 kg of payloads are returned onboard four Soyuz spacecraft.

There is growing competition in the field of development and production of unmanned spacecraft between Russian and foreign companies. Boeing, Orbital Science Corporation, Space

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Systems/Loral, Airbus Defence and Space, and Thales Alenia Space are the major competitors of the Corporation on the world market of commercial contracts. In the domestic market the Corporation’s major competitors are OAO Reshetnev Information Satellite Systems in the communications satellite segment, and AO RKTs Progress in the segment of Earth remote sensing satellites.

As for the launch vehicles, the Corporation builds the DM-family Upper Stages which are used for launches into high-elliptical orbits under government and commercial programs. In the domestic launch services market, the major competitors of the Corporation are Khrunichev State Research and Production Center (Upper Stage Briz-M) and FSUE Research and Production Association named after S.A. Lavochkin (Upper Stage Fregat-SB). To improve its competitive edge, the Corporation is developing a new generation of heavy the DM-family Upper Stages, as well as medium Upper Stages with a new highly efficient main engine with 5-ton thrust.

2.5.3. Corporation share in respective market segment in terms of its core business and dynamics of this indicator over the last 3 years

The Corporation’s share of the market of services to deliver/return crews to/from the International Space Station (ISS) is 100%.

As for the ISS logistics support, the Corporation is maintaining its position (50%) in the market. In 2015 38% of launches of cargo spacecraft to the ISS were made by USA (2 Dragon spacecraft and 1 Cygnus spacecraft), 12% were made by Japan (1 HTV spacecraft). In the field of cargo return from the ISS, after the cargo-return capable spacecraft Dragon was put into operation, Russian spacecraft Soyuz ceded their leading positions in this segment of the market.

Share of launches of RSC Energia logistics spacecraft under the ISS Program

The Corporation delivers the DM-type Upper Stages to support launches with the framework of government programs government programs. In 2015 there was one delivery of the DM-type Upper Stage.

In the field of Unmanned Space Systems, the Corporation, using the multipurpose satellite bus as a basis, develops unmanned spacecraft of space systems for various applications, including satellite communications and Earth remote sensing. At present, the Corporation’s share of this market is not large.

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Progress

4 launches

Total

8 launches

Progress Progress

4 launches 4 launches

Total Total

9 launches 8 launches

3. OUTLOOK FOR THE CORPORATION DEVELOPMENT AND MAIN FIELDS OF ITS ACTIVITIES

3.1. Information about the strategies and development programs of the Corporation

In connection with the current reorganization of the industry and approval of the federal space program for 2016-2025, the Corporation is now working on the new draft of the development strategy. The draft is expected to be ready by the end of 2016.

The Corporation Innovative Development Program (IDP) for 2011-2020 was approved at the Board of Directors held on July 14, 2011. Medium-term plans for putting into effect of IDP-related actions are developed and implemented on an annual basis. The progress of IDP implementation is monitored on an annual basis.

The Corporation Board of Directors held on 24.06.2015 approved the report on the implementation results of Innovative Development Program of the Corporation for 2014. The report on the results IDP implementation for 2015 is slated for review by the Corporate Board of Directors in June 2016.

3.2. Corporation development outlook

Manned Space Systems

As for the manned space systems, efforts will continue to deploy and operate the International Space System Russian Segment (ISS RS), including:

development of the multipurpose laboratory, node and science and power modules, integration of which into the ISS RS will make it possible to significantly expand the program of scientific and applied research, make the Russian Segment independent of power supply from the US segment of the station;

Launches of Soyuz manned space vehicles and Progress transport cargo vehicles as part of ISS Russian Segment logistics, step-by-step modification of these space vehicles in order to improve their performance and reduce dependence on imported components;

implementation of scientific-applied research and experiments program, as well as advanced space technologies development testing;

provision of services to international partners for crews delivery to the ISS and their return to Earth.

It is assumed that the ISS will be operated at least until 2024. When the ISS will be decommissioned will be determined by an agreement between all the countries participating in the project.

Upon completion of the ISS program, there are plans to use new ISS RS modules to establish a new-generation orbital station.

Efforts will continue to develop the New-Generation Manned Transportation Spacecraft (NG MTSC) system. The dates for starting flights tests of the spacecraft will be driven (among other things) by the readiness of launch vehicle and ground infrastructure needed to launch the spacecraft into low-earth orbit. Putting the NG MTSC into service will enable more efficient transport operations and scientific research both in low-Earth orbit and beyond, including circumlunar space.

The Corporation intends to take part in manned programs of deep space research and exploration, including international programs. To that end, preliminary designing of space infrastructure elements for advanced manned programs is now under way.

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Unmanned Space Systems

As far as the unmanned space systems are concerned, work will be in progress on building spacecraft (SC) for government and commercial customers. The focus will be on developing highly complex systems with unique tasks under special programs in the interests of national security.

Cooperation with the Airbus Defense and Space will continue further, including activities within the joint venture, which will be focused on introduction of the advanced technologies of modern spacecraft manufacturing, building competitive communications and Earth remote sensing SC.

In order to improve competitiveness and reduce risks during product development, there are plans to develop competencies in the field of satellite payloads.

Space launcher systems

The main objectives of this line of activities are:• manufacturing of Upper Stages (US) of the DM type for launching spacecraft, upgrade of

the DM-type Upper Stages in order to improve their power/mass characteristics and raise competitiveness;

• development of light environmentally-friendly oxygen/kerosene Upper Stages;• participation in advanced Launch Vehicle (LV) development projects, development of

orbit-to-orbit transfer vehicles, required to support programs of deep-space studies and exploration.

Implementation of the planned program of activities will make possible a more than 30% increase in the total revenue of the Corporation by 2020. It is planned to achieve this target through, among other things, an increase in labor productivity and advanced methods of industrial management.

One of the top priorities of the Corporation development is international cooperation. In spite of the complex political situation, there are plans to preserve cooperation with partners in Europe, USA, Japan and other countries.

In organizational context, the future prospects of the Corporation are linked to Russia’s rocket and space industry reform and establishment of the State Corporation Roscosmos.

Innovative Development

The strategic goal of the Corporation innovative development till 2025 is to ensure long-term, sustained and balanced development based upon maintaining and strengthening competitive positions on the market of space technology and services, by means of, among other things, an efficient innovative activity.

RSC Energia Innovative Development Program envisages that the following main problems will be solved:

• introduction of state-of-the-art technologies;• improvement in labor productivity and creation of highly productive work places;• reduction of costs of production, lowering unit production costs; • improvement in the products end-user performance;• expansion of export of goods and services;• growth in long-term investment in applied research (development of science);• improvement in energy efficiency and environmental friendliness of production

To achieve the stated goal and accomplish the tasks, the Corporation Innovation Development Program calls for a system of measures to develop new products, to master new manufacturing

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processes, to introduce advanced methods of work management, to develop human resources, to cooperate with institutions of higher learning and scientific organizations, to cooperate with partners from abroad, and other measures.

Assimilation of new technologies and modernization of production:

• Technology for automatic preprocessing of blank parts and printed circuit checks:

o Technology for automatic application of soldering paste and tin coating of multilead integrated circuits,

o technology for manufacturing parts and units of digital-to-analogue converters in milling and turning machining centers;

• Unit assembly plant:

o Technologies for manufacturing truss sections using equipment for orbital automatic welding;

• Unit assembly plant and Control and Measurement Station-416:

o technologies for performing analysis of process liquids purity and monitoring corrosives per GOST standards,

o leak detection technologies to check the products for leaks;

• Blank production:

o technology for bending complex metal sections;

• Central laboratory of the enterprise:

o Technology for conducting tension, compression and three-point bending tests using universal testing machine Zwick Z100.

2015 saw continued development of the Composite Center for manufacturing structures out of composite materials, the Center for Friction Stir Welding, intended for welding large thick-walled objects of aluminum and titanium alloys and stainless steel, as well as mastering additive technologies (3D-printing). It is expected that the advanced technologies listed above will be further assimilated to be used in the manufacturing of the Corporation products.

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3.3. Level of investment with breakdown by financing sources

Name Actually fulfilled in 2015, thousand rubles

SourcesReceipts, including:

1 242 660.3

Depreciation 414 437.9Net profit* 306 201.7Investment credits 485 800.6Target funding** 36 220.1

Project areasOutlays, including:

1 242 660.3

Innovative development fund 642 399.5Target projects*** 63 511.4Capital investments 536 749.4Financial investments 0.0

*Profit resulting from activities in 2013, the decision on distribution of which was made by general shareholders meeting on January 14, 2015. ** In addition to this, co-investors funds for shared funding of residential construction – 302,361.7 thou. rubles.*** In addition to this, residential construction costs – 381,181.9 thou. rubles.

3.4. Quality Management System in force at the Corporation

The Corporation has adopted and uses a Quality Management System (QMS), that was certified by the Quality Management System Certification Authority (QMS CA) Soyzcert:- in the Military Register system (Certificate of conformity № VR 05.1.8304-2014 dated

December 24, 2014) for conformity with requirements of GOST ISO 9001-2011, GOST R EN 9100-2011, standards SRPP VT, including GOST RV 0015-002-2012, Provisions RK-11, RK-11-KT, RK-98, RK-98-KT, OST 134-1028-2012 during design, development, production, installation, repair and servicing of weapons and military equipment and rocket and space hardware.

- In the Federal System for Certification of Space Hardware (Certificate of conformity № FSS KT 134.19.3.1.000000.101.14 dated 24.12.2014) for the conformity with requirements of Provisions RK-98, RK-98-KT, RK-11, RK-11-KT, state standards SRPP VT, including GOST RV 0015-002-2012, GOST ISO 9001-2011, GOST R EN 9100-2011 and OST 134-1028-2012 during design, development, production, installation, repair and servicing of rocket and space hardware.

Serving as the QMS regulatory framework for the Corporation are national and industrial standards, standards of the organization (the company).

The Corporate QMS is based on 55 company standards. The main regulatory document establishing requirements for the Corporate QMS is the Industry standard 07530238-004-2009 «QMS. Manual on the quality of rocket and space hardware. Basic provisions»;

Annual internal QMS audits of the Corporation are instituted per Corporation-wide administrative directives.

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In 2015 internal QMS audits were conducted in accordance with the program approved by the Corporate decree No.195/O dated April 9, 2015.

Main objectives and subjects of internal audits, guidelines for planning, conducting and documenting the audits of the Corporate QMS are defined in the company standard 351-205-2005 «QMS. Internal audit of the Quality Management System. General requirements»;

The results of internal audits are presented in reports. The annual report on the internal QMS audit of Corporation is approved by the Vice President for Quality Assurance.

Supervisory audit (external audit) of the certified QMS.

Supervisory audit of the certified QMS of the Corporation is conducted annually by the audit team of QMS CA Soyuzcert.

The last supervisory audit of the certified QMS of the Corporation in the Military Register certification system and the Federal System for Certification of Space Hardware (FSC SH) was conducted during the period of September 22, 2015 through September 25, 2015.

Published were summary reports on the resolution of non-conformances and items of concern, listed in reports by QMS CA Soyuzcert dated Oct 23, 2015 No. 760-1-2015-IK and Oct 23, 2015 No.760-2-2015-IK.

Published were:

− minutes of the meeting of Certification Committee dated Jan 19, 2016 No. VR-03-2016-SK on confirming the validity of the Certificate of Conformity No. VR 05.1.8304-2014 dated Dec 24, 2014.

− resolution of QMS CA Soyuzcert dated Jan 21, 2016 to confirm the validity of the Certificate of Conformity No. FSC SH 134.19.3.1.000000.101.14 dated Dec 24, 2014.

Performing work to improve the QMS. QMS effectiveness estimate

The Corporation performs work to introduce state-of-the-art information technologies to the reliability and quality management system to automate the processes of:

− requirements management;− product configuration management;− reliability assessment and analysis;− nonconformance management, including deviations from design documentation, and

monitoring compliance with recommendations of the non-conformances commission;− development of electronic structured technical documentation and online technical manuals;− technical documents flow and documentation management.

A «Program for Improving the Quality Management System, Assuring and Improving the Quality of RSC Energia Products Throughout All the Phases of Their Development» for the period of 2015-2017 was developed and approved by the Corporation President.

In order to assure and improve product quality, quality programs were developed for:- New-Generation Crew Transportation Spacecraft− cargo transportation spacecraft Progress MS;− manned transportation spacecraft Soyuz MS;

The quality program for the Science and Power Module (SPM) is in the process of being approved.

The Corporation performs work to certify its products in the Federal System for Certification of Space Hardware, with a supervisory audit of certified products conducted annually.

The following certificates of conformity are available:

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− No. FSC SH 134.01.1.4.762500.66.13 dated Jun 17, 2013 for manned transportation spacecraft Soyuz TMA.

− No. FSC SH 134.01.1.4.762500.68.13 dated Jun 17, 2013 for cargo transportation spacecraft Progress M.

− No. FSC SH 134.01.1.4.763000.122.15 dated Dec 10, 2015 for cargo transportation spacecraft Progress MS.

Definition of QMS processes, assessment criteria and methods for controlling the processes are established in the Industry standard 07530238-004-2009. The efficacy of the Corporation QMS is evaluated using procedure No. 247-6/M-2015. The efficacy values lie within prescribed limits (0.9 ≤ Rqms ≤ 1). The results of performance assessment of the certified Corporate QMS are provided in annual reports. In 2015 the “Quality Management System Performance” indicator was on the KPI list.

Information about the absence in 2015 of complaints to the Corporation from the Government customers as to the quality of military hardware systems and products

In 2015, no complaints caused by non-conformance to the customers requirements were received by RSC Energia from the Government customers as to the quality of military hardware systems and products.

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4. HIGH-PRIORITY AREAS OF CORPORATION ACTIVITIES AND THEIR RESULTS

4.1. Transportation and engineering support and flight operation of rocket and space complexes and systems

In the field of flight operation and testing of rocket and space complexes and systems in 2015, the following results were acheived:

Implementation of the ISS mission plan and fulfillment of the commitments of the Federal Space Agency with respect to the international partners were achieved.

The reliability of the ISS RS onboard systems was improved, the functionality of the ground automatic control complex was enhanced, a satellite control loop was introduced and the reliability, stability and flexibility of the mission control system in its 24/7 operational mode were assured.

RSC Energia, being the prime contractor for the Russian Segment (RS) of the ISS, continued in 2015 to perform launches of manned spacecraft Soyuz and logistics spacecraft Progress in the framework of the ISS logistics support, while simultaneously running trials of the adopted solutions for their upgrade, namely:

Manufacturing, testing, launching and docking/undocking with/from the ISS of manned and cargo transportation spacecraft Soyuz, Progress, including Soyuz TMA-16M, Soyuz TMA-17M, Soyuz TMA-18M, Soyuz TMA-19M, Progress M-26M, Progress M-27M (a failure of Soyuz-2.1a launch vehicle at spacecraft separation from the 3rd stage), Progress M-28M, Progress M-29M, Progress MS;

Carrying out four expeditions – ISS-42, ISS-43, ISS-44, ISS-45, starting expedition ISS-46.

Most of the dockings of manned and cargo transportation spacecraft (with the exception of Progress M-28M, Soyuz TMA-18M and Progress MS) were conducted using the ‘quick’ rendezvous and docking profile. This profile makes it possible to reduce load on the crew, and the costs of ground facilities involved in tracking the spacecraft until they dock. The docking is performed during the fourth orbit, the duration of the flight till docking is 5 hours 30 minutes.

The ISS mission plan for the period from late 2015 to early 2017 has been developed and approved, which calls for launching in 2016 of four transportation spacecraft Soyuz (one Soyuz TMA, three Soyuz MS) and three cargo spacecraft Progress MS.

In addition to this, in the year under review RSC Energia:

Provided support for tracking the flight of the Yamal-200 No.2 communications satellite.

Provided support for orbital insertion of SC Express-AM8 using Upper Stage DM-03 developed by RSC Energia.

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International Space Station configuration as of late 2015

1. Service Module Zvezda (SM)2. Cargo transportation spacecraft Progress M-29M;3. Docking compartment Pirs (DC1);4. S1 truss;5. Express Logistics Carrier (ELC2);6. S3/S4 truss; 7. S5/S6 truss;8. External Stowage Platform (ESP3); 9. Express Logistics Carrier (ELC4);10. Cargo transportation spacecraft Progress MS;11. Airlock; 12. Mini Research Module Rassvet (MRM1);13. Manned transportation spacecraft Soyuz TMA-19M;14. US cargo spacecraft Cygnus (OA-4);15. Node Module Unity (Node1);16. European laboratory module Columbus (COL);17. Laboratory module Destiny; 18. Node Module Tranquility (Node3);19. Node Module Harmony (Node2);20. Pressurized Mating Adapter No.2 (PMA2);21. Observation dome Cupola;22. Permanent Multipurpose Module Leonardo (PMM);23. Pressurized Mating Adapter No.3 (PMA3);24. Japanese Experimental Module (JEM) Kibo25. Express Logistics Carrier (ELC1);26. P3/P4 truss27. P5/P6 truss;28. Express Logistics Carrier (ELC3);29. P1 truss;30. S0 truss;31. Z1 truss segment;32. Functional cargo unit Zarya (FGB);33. Manned transportation spacecraft Soyuz TMA-18M;34. Mini Research Module Poisk (MRM2).

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4.2. ISS operation

2015 saw the continuation of work on the operation of the International Space Station, its outfitting, maintenance of the onboard systems, performance of tasks under the program of the Russian and international scientific research and experiments.In the course flight operation and testing of rocket and space systems in 2015, the following tasks were performed:

controlling the ISS RS mission and performing work to assure uninterrupted functioning of the ISS RS modules and transportation vehicles that are currently in service, safeguarding the ISS RS in case of contingencies, conducting flight tests of the ISS RS and carrying out scientific research program;

managing the operation of ground automated control complex, including fiber optics communications channels, in the continuous operation mode, its upgrading in order to expand its functions and extend its operational life, assuring reliability, stability and flexibility of the flight control system operation around the clock;

upgrading systems hardware of the ISS RS module in order to expand their functionality, improve their reliability and remedy problems found in flight tests by means of repairs or replacement of equipment currently in service with state-of-the-art equipment, etc.

To carry out the above tasks, the following major activities were performed in 2015:

support for the ISS RS flight operation during Expeditions ISS-42 (ending), ISS-43, ISS-44, ISS-45, ISS-46 (beginning);

controlling the missions of 6 upgraded manned spacecraft Soyuz TMA-M; controlling the missions of 5 cargo spacecraft Progress M-M and a cargo transportation

spacecraft of a new series Progress MS; supporting work with the European cargo spacecraft ATV-5; controlling the flight of the ISS RS during operations with US spacecraft Dragon

(Space X-5, Space X-6) and Cygnus (Orb-4); controlling the ISS RS flight during operations with the Japanese cargo spacecraft (HTV-

5); supporting the work of the Russian crew during spacewalks under the ISS RS program; assuring onboard systems operation and providing assistance to the US segment crew

during six EVA operations under the USOS program; supporting operations to upgrade the ISS RS systems and keeping the station in good

working order; conducting experiment Izgib during the final phase of the mission of Progress M-18M

cargo spacecraft; providing support for carrying out the ‘quick’ 4-orbits rendezvous and docking profile for

three manned transportation spacecraft Soyuz TMA-M and two cargo spacecraft Progress M-M; providing support for carrying out a 2-day rendezvous and docking profile for manned

transportation spacecraft Soyuz TMA-18M and two cargo spacecraft Progress M-26M and Progress MS;

providing support for developmental testing of the new ASN-K hardware during free flight of cargo spacecraft Progress M-25M, Progress M-28M, Progress M-29M and Progress MS;

providing support for tests of the new rendezvous equipment Kurs-NA during flight and docking of cargo spacecraft Progress MS;

providing support for operation and upgrading of the Ground Automated Control Complex (GACC), including operation of optical communication channels, to enhance its functionality and extend its service life;

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supporting upgrades of the ground automated control complex for the tasks of controlling cargo transportation spacecraft Progress MS using ground command and measuring systems Klen, Klen-R and the satellite control loop;

providing support for theoretical and practical training of the ISS crews and the personnel of the Lead Operations Control and mission support Team (LOCT).

coordinating work done by organizations in rocket and space industry to assure that flight tests of the ISS RS are performed to the highest standards.

The successful completion of the above work made it possible to: carry out the ISS mission plan and fulfill the commitments of the Federal Space Agency to

the international partners; improve the reliability of the ISS RS onboard systems, enhance the GACC functionality,

extend its service life and assure the reliability, stability and flexibility of the mission control system in its 24/7 operational mode.

Work onboard the ISS of expedition crews of 2015During 2015 there were five expedition crews working onboard the ISS: ISS-42 (10.11.2014 – 15.03.2015). ISS-43 (15.03.2015 – 11.06.2015). ISS-44 (11.06.2015 – 12.09.2015). ISS-45 (12.09.2015 – 11.12.2015). ISS-46 (11.12.2015 – 02.03.2016).

During the time of Expedition ISS-44 working within the ISS crew over the period of 04.09.2016 through 12.09.2016 was the crew of the visiting mission 18 (launched onboard Soyuz TMA-18M, returned onboard Soyuz TMA-16M).

o The period when Expedition 42 worked onboard the ISS: November 11, 2014 through March 12, 2015 The crew of ISS-42:

• Commander – Barry Eugene Wilmore (NASA);• Flight engineer 1 – Aleksandr Mikhailovich Samokutyayev (Roscosmos);• Flight engineer 2 – Yelena Olegovna Serova (Roscosmos);• Flight engineer 3 – Anton Nikolaevich Shkaplerov (Roscosmos);• Flight engineer 5 – Samantha Cristoforetti (ESA);• Flight engineer 6 – Terry Wayne Virts, Jr. (NASA);

During expedition ISS-42 there have been 50 space experiments completed in eight areas of research under the program of applied scientific research:

Physical and chemical processes and materials in space environment – 1 session; Earth and space studies – 669 sessions; Humans in space – 57 sessions;

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Space biology and biotechnology – 7 sessions; Space exploration technologies – 164 sessions; Education and popularization of space research – 38 sessions; Contractual work and experiments – 1 session; Joint experiments with NASA – 5 sessions;

Altogether during the period of expedition ISS-42 there have been 942 sessions of space experiments completed under the program of applied scientific research.

o The period when Expedition 43 worked onboard the ISS: March 12, 2015 through June 11, 2015. The crew of ISS-43:

• Commander – Terry Wayne Virts (NASA);• Flight engineer 1 – Gennadi Ivanovich Padalka (Roscosmos);• Flight engineer 2 – Mikhail Borisovich Kornienko (Roscosmos) – a year-long mission;• Flight engineer 3 – Scott Joseph Kelly (NASA) – a participant in the year-long mission;• Flight engineer 4 – Anton Nikolaevich Shkaplerov (Roscosmos);• Flight engineer 5 – Samantha Cristoforetti (ESA).

During expedition ISS-43 there have been 56 space experiments planned and carried out in eight areas of research under the program of applied scientific research:

Physical and chemical processes and materials in space environment – 3 session; Earth and space studies – 1399 sessions (out of which 963 sessions under space

experiment Napor-mini); Humans in space – 75 sessions (new experiments – Algometry, Vzaimodeistviye-2, DAN,

Content, Correction, Neuroimmunity, Liquid Shift, Pilot-T, UDOD); Space biology and biotechnology – 7 sessions (new experiments – Constant-2,

Producent, Fagen); Space exploration technologies – 157 sessions; Education and popularization of space research – 14 sessions; Contractual work and experiments – 1 session; Joint experiments with NASA and NASA experiments performed by a Russian

cosmonaut under a year-long medical program – 33 sessions.

Altogether during the period of expedition ISS-43 there have been 1,689 sessions of experiments carried out under the program of applied scientific research.

o The period when Expedition 44 worked onboard the ISS: June 12, 2015 through September 12, 2015. The crew of ISS-44:

• Commander – Gennadi Ivanovich Padalka (Roscosmos);• Flight engineer 2 – Mikhail Borisovich Kornienko (Roscosmos) – a participant in the

year-long mission;

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• Flight engineer 3 – Scott Joseph Kelly (NASA) – a participant in the year-long mission;• Flight engineer 4 – Oleg Dmitrievich Kononenko (Roscosmos);• Flight engineer 5 – Kimiya Yui (JAXA);• Flight engineer 6 – Kjell Lindgren (NASA);• Flight engineer 1 – Sergei Alexandrovich Volkov (Roscosmos);• Flight engineer of the visiting crew – Andreas Mogensen (ESA) – a participant in the

Visiting Mission 18;• Spaceflight participant – Aidyn Aimbetov (republic of Kazakhstan) – a participant in the

Visiting Mission 18;

During expedition ISS-44 there have been 70 space experiments planned and carried out in eight areas of research under the program of applied scientific research:

Physical and chemical processes and materials in space environment – 1 session; Earth and space studies – 1,742 sessions (out of which 1185 sessions under space

experiment Napor-mini RSA); Humans in space – 108 sessions (new experiment – Pilot-T); Space biology and biotechnology – 18 sessions (new experiments – Constant-2,

Producent, Fagen); Space exploration technologies – 136 sessions; Education and popularization of space research – 20 sessions; Contractual work and experiments – 1 session; Joint experiments with NASA and NASA experiments performed by a Russian

cosmonaut under a year-long medical program – 44 sessions.

Altogether during the period of expedition ISS-44 there have been 2,070 sessions of experiments carried out under the program of applied scientific research.

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An important feature of the ISS mission plan in 2015 was the resumption of visiting missions to the ISS RS. During the period from September 2 to September 12, 2015, visiting mission 18 was carried out by the international crew consisting of Russian cosmonaut S. Volkov, a citizen of the Republic of Kazakhstan A.Aimbetov and a subject of the Kingdom of Denmark A.Mogensen. Carried out within the framework of visiting mission 18 were scientific programs of the Kazakh cosmonaut and of the European IRISS project:

Earth and space studies: Space experiment Uragan; Space experiment Relaxation; Education and popularization of space research; Space experiment Coulomb Crystall; Space experiment Great Start; Space experiment About Gagarin from Space; Humans in space; Space experiment Content; Space experiment Interaction-2; Space experiment Matryoshka-R. Human physiology (under Space Headaches, Skinsuit, EuCPAD, Mobile programs); Biology and biotechnology (Melondau program); Robotics (under UPVIS-E, HAPTICS-2/INTERACT programs); Demo technologies (experiments Light Field Camera, Portable mini camera mobi PV,

Aquamembrane, 3D-VIT); Education (WHAT, Cubesat , EPO-iriss programs).

The period when Expedition 45 worked onboard the ISS: September 13, 2015 through December 11, 2015. The crew of ISS-45:

• Commander – Scott Joseph Kelly (NASA) – a participant in the year-long mission;• Flight engineer 1 – Sergei Alexandrovich Volkov (Roscosmos);• Flight engineer 2 – Mikhail Borisovich Kornienko (Roscosmos) – a participant in the

year-long mission;• Flight engineer 4 – Oleg Dmitrievich Kononenko (Roscosmos);• Flight engineer 5 – Kimiya Yui (JAXA);• Flight engineer 6 – Kjell Lindgren (NASA).

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During expedition ISS-45 there have been 67 space experiments planned and carried out in eight areas of research:

Physical and chemical processes and materials in space environment – 3 sessions; Earth and space studies – 739 sessions (out of which 675 sessions under space experiment

Napor-mini); Humans in space – 122 sessions; Space biology and biotechnology – 6 sessions; Space exploration technologies – 115 sessions; Education and popularization of space research – 13 sessions; Contractual work and experiments – 1 session; Joint experiments with NASA and NASA experiments performed by a Russian

cosmonaut under a year-long medical program – 31 sessions.Altogether, during ISS-45 there were 1 030 sessions completed.

Working onboard the ISS since December 11, 2015 has been the crew of ISS-46 consisting of:

• Commander of ISS-46 Scott Kelly (NASA);• Flight engineer-1 Sergei Alexandrovich Volkov (Roscosmos);• Flight Engineer-2 Mikhail Borisovich Korniyenko (Roscosmos);• Flight Engineer-4 Yuri Ivanovich Malenchenko (Roscosmos);• Flight Engineer-5 Timothy Kopra (NASA)• Flight Engineer-6 Timothy Peake, (ESA)

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During expedition ISS-46 over the period of December 12, 2015 through December 31, 2015 (the expedition is scheduled to be completed on March 2, 2016) there have been 38 space experiments planned and carried out in seven areas of research:

Earth and space studies – 226 sessions (out of which 172 sessions under space experiment Napor-mini RSA);

Humans in space – 28 sessions; Space biology and biotechnology – 3 sessions; Space exploration technologies – 33 sessions; Education and popularization of space research – 6 sessions; Contractual work and experiments – 1 session; Joint experiments with NASA and NASA experiments performed by the Russian

cosmonaut under a year-long medical program – 5 sessions.

Altogether, during the period up to December 31, 2015, expedition ISS-46 has carried out 302 sessions of experiments.

Experiments were performed in four ISS RS modules: SM, DC1, MRM1 and MRM2. Some of the space experiments also used the cargo vehicle Progress M.

Major results of scientific programs carried out on the ISS Russian Segment in 2015

78 experiments were carried out in 5906 sessions, out of which 5786 sessions were carried out under 66 Russian experiments (out of which 25 experiments are new);

The experiments were carried out in the interests of 19 principal investigator organizations of the Russian Academy of Sciences, various ministries and agencies;

More then 2200 hours of crew time were spent on scientific research; 152 kg of scientific equipment and consumables were delivered to the ISS Russian

Segment in order to upgrade and maintain performance of the set of utilization payloads, which made it possible to bring the configuration of the set of utilization payloads up to 936 items of scientific equipment and hardware with a total mass of 1192 kg;

165 items of materials were returned to Earth with the results of experiments with a total mass of 59 kg, with urgent cargoes – kits with exposed biological samples – being returned in accordance with plans for conducting biotechnological experiments: altogether 49 of such kit items (35 kg) were returned. The materials were handed over to principal investigators for processing and analysis.

To support the running of experiments onboard the station a significant amount of work was performed, which had been preceded by painstaking joint work of scientists, supervisors of scientific equipment and specialists of the subject-oriented divisions of the Corporation.

By the early 2016, the Long-term Program of Applied Scientific Research planned for the ISS RS included 263 experiments (during the year 15 new experiments were added, which is 5.7% of their overall number; 6 experiments were deleted, since they were no longer of interest). Out of them, 77 experiments were fully completed (29%).

186 experiments on the Long-term Program of Applied Scientific Research which are currently in the implementation or ground preparations phase, are broken down into six areas of research as follows:

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physical and chemical processes and materials in space environment 23

Earth and space studies 41

humans in space 31

space biology and biotechnology 28

space exploration technologies 48

education and popularization of space research 15

Within the framework of preparations for and implementation of scientific programs onboard the ISS, RSC Energia, in addition to being the prime contractor for manned space vehicles, controlling the mission, developing science hardware, is also the principal investigator for 37 (14%) experiments on the Russian Long-term Program of Applied Scientific Research. These are mostly space experiments, the results of which are aimed at developing new and improving existing technical systems in the interests of future space missions.

Scientific and engineering activities onboard the ISS provide ample opportunities for achieving educational objectives. Educational experiments are designed to stimulate the interest of schoolchildren and students of all ages in natural sciences and math, engineering and computer programming, other types of activities within the framework of space education.

In March of 2015 the descent vehicle of Soyuz TMA-14M returned to Earth samples of materials and photographic and video information on the experiment Chemistry-Education conducted during ISS-42 (Principal investigator – RSC Energia), which demonstrated in zero gravity the technological feasibility of obtaining structural elements of a specified shape on the basis of composite polymer materials, with polymerization being achieved through two curing methods: self-curing and photopolymerization under UV light.

The equipment and the results of the experiment Chemistry-Education, along with other exhibits, were displayed in the RSC Energia booth at the exhibition set up within the framework of the international workshop Scientific Research and Experiments Onboard the ISS conducted on the initiative of Roscosmos at the Space Research Institute of the Russian Academy of Sciences in April 2015.

On the whole, the results of scientific research onboard the ISS RS in 2015 attest to an intensification of the ISS utilization as a unique scientific and engineering lab for conducting basic and applied research of Earth, space environment and the Universe, and as an orbital platform and proving ground for flight tests of various hardware and experimental procedures in spaceflight environment.

The set of the utilization payloads and onboard equipment supporting their operation that was established by the early 2016 onboard the ISS RS modules makes it possible to continue scientific and applied research for widespread adoption of their results on the ground, and for introduction of engineering solutions found in the course of the space mission into the development of new-generation research spacecraft.

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Soyuz TMA-15M

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Soyuz TMA-17M and Progress M-28M attached to the ISS

International Space Station evolution

Development of the Multi-purpose Laboratory Module with upgraded operational performance (MLM-U) Nauka

Overall view and key performance data for Nauka module

Launch mass 21200 kgPressurized volume 70 m³

Volume for science equipment 6 m³Power for science equipment up to 2.5

kWNumber of external workstations 16

Life in orbit 10 years

MLM-U is being developed as an ISS RS configuration element in support of development and enhancement of station resources.

Provisions are also made for the possibility to operate MLM-U as a part of the Russian orbital station (after the cluster of modules MLM-U+NM+SPM is detached from the ISS RS).

In order to expand the MLM operational capabilities, there are plans to outfit MLM with attachments for large objects.

Development of Node Module (NM) Prichal

Overall view and key performance data for Node Module Prichal

Launch mass 4750 kgMass within the ISS 3890 kg

Mass of delivered cargoes 700 kgPressurized volume 19 m³

The spherical shell diameter 3300 mmLife in orbit 10 years

Delivery vehicle LSC/M* Progress M-UM

*Logistics Spacecraft/Module

Currently NM Prichal is in storage pending customer’s decision on its launch.

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Development of the Science and Power Module (SPM)

Overall view and key performance data on Science and Power Module

Launch mass 20 890 kg

Pressurized volume 92 m3

The orbital altitude for docking with the ISS

350 to 410 km

Orbital inclination 51.6°

Volumes for scientific equipment and cargoes

15 m3+7.6

Annual average generated electric power at the beginning of life

no less than 18 kW

120 V electric power supplied to the ISS RS

up to 12 kW

Life in orbit 15 years

Delivery vehicle Proton-M

A preliminary design of SPM was approved in 2015. At present the work is under way on the working documentation on both the SPM as a whole and on its constituent parts, individual components and assemblies are being manufactured. The work on the module is scheduled to be completed in 2019.

Work on the Russian Orbital Station (ROS)

In early 2015, RSC Energia drew up guidelines for an orbital outpost (which was later given the name of Russian Orbital Station).

The Russian Orbital Station is a manned near-Earth space station, designed to preserve Russian presence in low-Earth orbit after the ISS decommissioning.

The ROS is intended for carrying out the following tasks:

conducting fundamental research; studying the effects of spaceflight conditions on human body; trying out engineering solutions and processes in the fields of space technology, science

and defense, including development of systems for deep-space missions; assembly and servicing of spacecraft, including interplanetary vehicles.

The ROS is to be deployed using as its basis the ISS RS Second Phase modules (Multipurpose Laboratory Module (MLM), Node Module (NM) and Science and Power Module (SPM)).

In contrast to all the space stations of previous generations, which had a limited service life and were to be completely disposed of after its expiry, the ROS from the outset is designed with the capability to fully replace all the modules in order to maintain continuous operation of the station for an indefinite period of time.

In addition to MLM, NM and SPM modules mentioned above, in order to be able to carry out the entire gamut of the ROS tasks, RSC Energia proposes to add to the ROS configuration an Airlock Module (AM) and a Transformable Module (TM), which at the moment are not included in the project of the Federal Space Program.

35Multi-purpose Laboratory Module with

upgraded operational performance

Complete configuration of the Russian Orbital Station (proposal)

Performing work under investment activities project “Development of a Prototype Transformable Space Habitation Module”

In 2015, within the framework of an investment project the Corporation performed work on the subject “Development of a Prototype Transformable Space Habitation Module”.

An experimental transformable module

The transformable module technology with expandable pressurized shell made of multi-layer fabric has the following advantages over modules with a rigid metal body:

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Science and power module

Node module

Multi-purpose Laboratory Module with upgraded operational performance

Transformable module

Airlock module

a significant increase in the pressurized volume on orbit while preserving the same mass and envelope in the launch configuration, which are limited by the capabilities of the launch vehicles that are used (the volume transformation ratio of up to 3.5x);

improving the mass efficiency of the pressurized compartment (up to 4.5x with respect to the volume);

a more efficient crew protection against exposure to ionizing radiation (the absence of secondary emissions in non-metallic materials of the shell);

flexibility in arranging the internal space in large-diameter compartments (possibility to create large zones to support crew activities, accommodate equipment, conduct scientific experiments).

The major results of the work on the transformable module performed in 2015 are:• Completion of the design documentation development, and manufacturing of a scaled

mockup of the transformable module.• The scaled mockup of the transformable module was subjected to a developmental

testing cycle.• Math models were updated.• A patent was taken out for the Space Transformable Module.

The work resulted in achieving the main objective of the investment project: a technology was developed for inflatable transformable modules to be used in advanced Russian manned programs (developed were a mockup (functional mockup having a scale of 1:3), samples of materials and fragments of multilayered transformable pressurized shell with in-built micrometeoroid protection for a module with transformable volume for habitable spacecraft).

The completed scientific and engineering efforts laid the groundwork for research and development activities to build an experimental transformable space module.

Future prospects for using the results of the project and getting a return on the investment are:• Development of the earlier planned transformable module for the orbital manned station

(providing a competitive edge when participating in an open tender, saving costs and maximizing profits under a contract);

• Development of habitation modules for the manned lunar program and interplanetary missions;

• Development of protective screens for all kinds of spacecraft;• Developing modules for advanced manned programs with commercial participation.

4.3. Advanced space systems

Crew transportation spacecraft

Under the government contract for research and development project Development of the New Generation Crew Transportation System, in 2015 working documentation on system prototypes and mockups was being published. Developmental work was conducted in the following areas:

structural materials and thermal protection coatings; ergonomics and crew training; optimization of structure, equipment and systems; aerohydrodynamics; preparing process stock for ground developmental testing of large elements of spacecraft.

Some of the results achieved in the course of work on the advanced crew transportation system were presented at the International Aviation and Space Show MAKS-2015 held in Zhukovsky near Moscow on August 25 - 30. The centerpiece of the Corporation exhibit was an updated design development mockup of the reentry vehicle.

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Also on display were a mockup of the structure of the descent vehicle command compartment made of composite materials, as well as mockups of the docking assembly and onboard system control units.

Overall view of the exhibit devoted to the crew transportation spacecraft

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Interior of the descent vehicle command compartment

In 2015, pursuant to a decision on the procedure for flight testing of the crew transportation spacecraft within space systems with heavy LV Angara-A5 and heavy LV with increased cargo capacity Angara-A5V, the Corporation studied a number of measures aimed at reducing the mass of the crew transportation spacecraft. It was demonstrated that in principle it is feasible to deliver the crew transportation spacecraft in a circumlunar orbit using two launches of the heavy launch vehicle with improved cargo capacity Angara-A5V.

International near- lunar man-tended platform

In view of the currently considered options for the programs of manned missions to the near-lunar space, RSC Energia is doing conceptual studies of an international man-tended platform in the near-lunar space. In particular, 2 configuration options for the initial phase (phase 1) platform were considered:

A platform, which, during the first phase, consists of modules (including cargo modules) with a mass of up to 10 tons, launched on the SLS together with the Orion spacecraft. In this case, the first module has a pressurized cabin with a life support system, which makes it possible to undertake a manned expedition of up to 30 days (taking into account the free flight of Orion).

A platform, which, during the first phase, consists of modules (including cargo modules) with a mass of up to 10 tons, launched on the SLS together with the Orion spacecraft. In this case, the first module (power and propulsion module) has an electrical propulsion system and does not have a pressurized cabin.

During the second phase, in both options, a heavy propulsion module with a no less than 150 kW power and propulsion system is delivered to the platform (using a cargo launch of SLS).

4.4. Launch vehicles

Major areas of activities:

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supporting prelaunch processing and launch of the DM-type Upper Stages; providing support for drawing up of launch services contracts; author’s supervision of manufacturing and testing of systems, assemblies and Upper Stages

at subcontractor companies; analytical integration and adaptation of the Upper Stage systems to launching SC of

various designation; improving the Upper Stage properties and performance; upgrade and standardization of the Upper Stage design; conducting research and development efforts focusing on advanced launch vehicles.

Supporting prelaunch processing of the DM-type Upper Stages at Baikonur and Plesetsk launch sites

Launches of the DM-type Upper Stages in 2015

On September 15, 2015, under the federal program, a Proton-M LV using the DM-type Upper Stage launched spacecraft Express-AM8, which was put into its target orbit with a high degree of accuracy.

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Sea Launch system

In 2014, after a successful 36th launch was accomplished on May 27, 2014, which put into orbit Eutelsat-3B SC, the Sea Launch system was deactivated in accordance with the decision by the Sea Launch AG board of directors in view of constraints on the use of the Sea Launch system for its intended purpose due to the lack of launch services orders caused, among other things, by a complicated geopolitical situation in the Ukraine.

Options for the Sea Launch system upgrade are under study, work was started to look for and bring in foreign investors interested in continuing the launch services business using the Sea Launch system.

Pending a decision on its future status, the system continues to stay at the Home Port (Long Beach, California) in a deactivated state. To reduce current financial expenses, a set of measures was implemented that were aimed at reducing the outlays on:

lease and upkeep of the Home Port; maintenance of vessels; maintenance of the ground support equipment and flight hardware of the Rocket Segment

and SC and PLU Segment; salaries of the staff and insurance costs.

The rocket and space launching system Sea Launch remains in a monitored operable condition and is ready for adaptation to the expected decisions on its status.

Land Launch system

The work under the Land Launch project in 2015 was performed in accordance with the contract with TsENKI − a branch of V.P.Barmin Launch Complexes Research Institution (customer).

2015 saw successful completion of work on building and testing Upper Stage DM-SLB No.7L at the manufacturing plant.

4.5. Unmanned space systemsMajor activities in the field of unmanned space systems include:

developing space communications and broadcasting systems, Earth remote sensing systems;

developing an experimental system for personal satellite communications; developing spacecraft for high-resolution electrooptical observations; RF frequency support for the current and future projects of the Corporation; protection under international law of frequency assignments for the existing and

future unmanned space systems; development of the ground user segment for unmanned space systems.

In 2015, detailed, operational and manufacturing documentation was being drawn up for a communications and broadcasting space system developed in the interest of a foreign customer. The procedures of critical design reviews for payload components and the payload as a whole have been completed. Also in 2015, work began on developing documentation for a new space rocket system for launching the spacecraft.

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In the year under review, work continued on the development of detailed documentation for an experimental personal satellite communications system.

A space system for high-resolution electro-optical observation, upon completion of its flight and demo tests was handed over to the customer for operation on January 6, 2015.

In 2015 stand-alone developmental and validation tests of the satellite bus and developmental work on the operational documentation were completed, a communications spacecraft for high-elliptical orbit was assembled and tests were run. At the end of 2015 the spacecraft was successfully launched.

In addition to this, 2015 saw the beginning of work to define the conceptual design of a communications spacecraft for geostationary orbit. A cooperation agreement has been signed with the Russian Satellite Communications Company. Technical and commercial proposals on communications and broadcasting spacecraft were developed for Russian Satellite Communications Company and United Rocket and Space Corporation.

Developed for foreign customers were technical and commercial proposals on communications and Earth remote sensing satellites.

In the year under review a research project was completed which resulted in the development of a Program of Special Space Experiments (SSE), 10 SSEs were performed, development of scientific equipment for four SSEs was started and scientific equipment for two SSEs was built.

Within the framework of business development, the 1st phase of work was completed to prepare materials for participation in the research project on a reusable highly-maneuverable spacecraft system.

4.6. The use of space technologies in terrestrial applications

Prosthetics aids

In 2015, the main line of work in the field of prosthetics aids remained the work which was defined in the government contract dated May 22, 2013 for an R&D effort “Development of Technologies for and Setting up Production of Electromechanical Hand with Three Types of Active Movements”, concluded with the Ministry of Industry and Trade of Russia within the framework of the federal special program “Development of the Pharmaceutical and Medical Industries of the Russian Federation for the Period of up to 2020 and Beyond”.

A large number of tests were conducted on prototypes of the hand to check their functional performance, acoustic noise levels, electromagnetic compatibility, strength and life. In the course of preliminary testing the design of the electromechanical hand was improved, which permitted to successfully conduct acceptance tests and complete R&D for this project.

Using Corporation’s investments, a pilot lot of 15 hands was manufactured, qualification tests were run. Work is under way to prepare serial production of the electromechanical hand.

Sales were made of modules of pilot lots of the Upper Extremity Prostheses (UEP) and the Orthopedic Apparatus for Lower Extremities (OALE).

Work continued to reduce production costs of the serially produced Orthopedic Prosthetic Appliances (OPA) modules in order to improve their competitive ability.

In 2015 the sales of prosthetic and orthopedic products amounted to 53.97 million rubles, among which the products developed and manufactured by RSC Energia amounted to 37.74 million rubles.

The Corporation took part in the work of an international exhibition of rehabilitation equipment and technologies “Integration. Life. Society”, held on April 22-24, 2015 in Moscow, at the

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Central Exhibition Complex “Expocenter”. Displayed as a part of the joint exhibit of the Ministry of Industry and Trade of the Russian Federation were OPA modules and assemblies developed and produced by the Corporation, which were, as usual, of much interest to the exhibition visitors. Upon completion of the exhibition, on behalf of the organizing committee RSC Energia was awarded a letter of commendation from OOO “Messe Dusseldorf Moscow”.

4.7. International activities of the Corporation

Activities under international programs and contracts constitute a considerable proportion of Corporation’s work. A wide range of activities includes development and delivery of space hardware for various purposes, space missions, in-orbit services, experiments in space, provision of launch services, etc.. Cooperation with foreign partners is carried out on various levels: governments, space agencies, state- and privately-owned industrial companies, scientific research organizations and private persons.

In connection with the events in the Ukraine the western countries in 2015 continued the sanctions regime. From a purely formal standpoint this did not concern the major portion of Corporation work on manned spaceflight – the International Space Station (ISS) program, however this did add some problems. Revealingly, complex issues were resolved through joint efforts of the partners.

A most important task of the Corporation under these conditions is to preserve the cooperation and partnership achieved over the preceding twenty years. At the same time, this stimulates the search for new partners and new markets. In 2015 a series of meetings was held with representatives of space communities of China, India, Saudi Arabia and other countries. The process of identifying the priorities and possibilities of mutually beneficial cooperation is under way.

The Corporation took part in a number of joint ventures. Regular meetings and talks with foreign specialists were held, joint working teams were working on a continuous basis. An integrated crew was working on the Russian Segment of the ISS, and an integrated Mission Control Center was working on the ground.

Cooperation with foreign partners under the International Space Station program In 2015, work was performed on the international integration of the International Space Station program. Provision of materials was supported for conducting annually several meetings of heads of agencies, as well as meetings of program control bodies – the MCB and SSCB control boards, discussed and solved within the framework of which were the current issues of the program implementation, including configuration changes, assessment and balance of contributions, rights and obligations, other programmatic and commercial aspects.

Within the framework of the ISS integration and evolution activities, support was provided for the work of 45 technical groups, 35 control boards and committees, four contract management meetings were held.

Work continued on analyzing and enabling the extension of the ISS operation till 2024 and beyond. In February 2015 the Scientific and Technical Council of Roscosmos approved the use of the International Space Station till 2024, in July 2015 the Government of the Russian Federation made the appropriate decision. It should be noted that along with crew rotation onboard Soyuz TMA-M spacecraft, astronaut search and rescue services were provided, and also both Russian and foreign cargoes were delivered into orbit. About 200 kg were returned to Earth onboard Soyuz spacecraft, the waste was disposed of on Progress spacecraft.

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Some of the Russian cargoes were delivered to the station on cargo spacecraft of the partners – those were US spacecraft Dragon (SpX-5, SpX-6)and Cygnus (Orb-4), as well as the Japanese HTV-5 Konotori.

Due to failed launches of cargo spacecraft Cygnus_CRS_Orb-3 (October 29, 2014), Progress M-27M (April 28, 2015), and SpaceX_CRS-6 (June 28, 2015) in 2015 additional measures were required to analyze the consequences of these events and come up with scenarios, which made possible uniterrupted operation of the station in manned mode. Thus the advantages of cooperation and integration were clearly demonstrated.

A number of joint efforts with NASA and US companies under the ISS program are carried out on a commercial basis within the framework of direct contacts of RSC Energia with NASA and Boeing. These include deliveries and services to support the operation of the Russian sanitation unit onboard USOS, support for the onboard software development and integration tools, the Russain Segment trainer and a number of other activities.

Among the most significant documents are modifications of the contract with NASA to deliver consumables for the sanitation unit for the period till 2016 and to work on the station atmosphere revitalization equipment, RST-10 trainer; contracts with Boeing to provide work and services for the USOS docking adapter, engineering support of the flight operation of the sanitation unit, support for Russian components at the laboratory for software development and integration, etc.

International cooperation in deep space exploration

In 2014 the heads of space agencies of the ISS partner countries signed a Plan to study the opportunities the ISS provides for further space exploration and a working group for its implementation (IECST) was set up. In 2015 RSC Energia provided support to Roscosmos activities within the framework of the IECST working group, the Corporation specialists took part in the development and approval of the group documents, in telecons and 4 meetings of the group in Japan, USA and Europe.

The main objective of the group is to develop a concept for an international program of research missions beyond the low Earth orbit between 2020 and 2030. It is expected that the program will be drawn up using the experience of the ISS partners, their ability to provide elements of space infrastructure, as well as taking into account national priorities of each of the partner agencies.

By now the international working group has approved a proposed scenario for construction and operation of an international circumlunar man-tended platform.

The main objectives of the international project are:

to promote cooperation in space exploration; to develop technologies for missions beyond the low-Earth orbit; to use the platform in the interests of the partner countries, including support of programs

on the lunar surface; to conduct scientific research in circumlunar space.

In 2015 RSC Energia signed contracts with Lockheed Martin Space Systems Company (LMSSC) and Boeing (The Boeing Company), under which RSC Energia, in cooperation with partner companies, is developing missions beyond the low orbit to support plans of national agencies.

An industrial working group ICM, established by the leading space companies in order to develop proposals in support of deep space exploration plans of national agencies, in 2015 presented at the International Astronautical Congress (IAC’2016) their latest joint paper Concepts Proposed by International Industry for Early Manned Missions Beyond Low-Earth Orbit.

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Unmanned spacecraftContinuing its work within the framework of expanding the Corporation program to develop satellites for communications and Earth remote sensing was a joint venture with the European company Airbus Defense&Space - OOO Energia Satellite Technologies (Energia-SAT).

In July 2015 two important agreements were signed on cooperation in the field of unmanned spacecraft manufacturing. RSC Energia working together with OOO Gascom Space Technologies (Gascom ST) intend to expand and deepen cooperation in the field of developing the orbital constellations Yamal and Smotr, based upon, among other things, the experience of successful joint work to develop the Yamal communications system (projects Yamal-100 and Yamal-200). Within the framework of the agreement RSC Energia is going to use for its various-purpose spacecraft the payloads developed by Gascom ST. In its turn, Gascom ST is going to use the RSC Energia-developed satellite buses for its designs of various-purpose spacecraft. Development of SC Yamal-501 is being considered as the first joint project.

In July of 2015, an agreement was signed with the Russian Satellite Communications Company (RSCC) on cooperation in the development of advanced satellite communications and broadcasting systems. There are plans to develop specification requirements for advanced satellite communications and broadcasting systems, including for those developed for RSCC. It is expected that joining the efforts of the two companies together will allow a more efficient use of the resources available to the parties.

Cooperation on advanced projects with companies from abroad2015 saw continued bilateral cooperation with partners from abroad. Talks were held with the Boeing company on developing a man-tended infrastructure in the near-lunar space to support the plans of national agencies and a potential international program, on determining the feasibility of jointly developing a solar-powered orbital transfer vehicle, on cooperation in manufacturing the advanced manned spacecraft of RSC Energia and Boeing. The talks with Lockheed Martin reviewed the issues of interface compatibility between Orion spacecraft and Russian modules, as well as of the development of a man-tended platform in the vicinity of the Moon.

There was cooperation with Space Applications Systems (Belgium) in developing individual auxiliary control equipment for crews of manned spacecraft.

There was work performed under the Memorandum of Understanding (MOU) with Nano Racks company to expand the utilization of the ISS RS and develop forms of cooperation in implementation of utilization, scientific and educational programs onboard the ISS. There was work done under a contract with Swiss Space Systems Holding S.A. (S3, Switzerland) to study the engineering feasibility of developing the Upper Stage for the airborne launch system which is being developed by S3. Work was performed to test and adjust the optical telescopes installed onboard the ISS RS (the Optical Telescope System), which makes it possible to take still and video pictures of the Earth surface.

International exhibitions, symposia, meetingsIn 2015 RSC Energia took part in the following international exhibitions and conferences:

• The 10th Latin American exhibition and conference on aerospace and defense technologies LAAD Defence&Security-2015, April 14–17, Rio de Janeiro, Brazil;

• International Paris Air Show 2015, June 15–21, Le Bourget, Paris, France;

• International military technology forum Army-2015, June 16–19, Kubinka, Russia.

• 12th International Aerospace Show MAKS-2015, August 25–30, Zhukovsky, Russia. On display were advanced designs of Rocket and Space Corporation Energia in the field of manned spaceflight, unmanned space systems and launch vehicles;

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• 66th International Astronautical Congress IAC-2015, October 12 – 16, Jerusalem, Israel.

• Exhibition at the Museum of Science “Cosmonauts: the birth of the space era”, September 18, 2015 – March 13, 2016, London, UK.

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Getting acquainted with a mockup of reentry vehicle of future new-generation transportation vehicle (left to right): V.L. Solntsev, I.A. Komarov, V.V. Putin, D.O. Rogozin

5. SOCIAL RESPONSIBILITY. PERSONNEL DEVELOPMENT AND SOCIAL POLICY

5.1 Personnel policy

Key factor of RSC Energia sustained development is a coordinated and responsible activity of all Corporation employees.

Professional, highly qualified and motivated staff is one of the chief assets of the Corporation and the key to its future success. Therefore, continuous improvement of personnel policy is one of the priorities established in our Corporation.

Concepts of the Corporation personnel policy: Adherence to the traditions established by the General Designer, academician

S.P. Korolev: to be pioneer in space exploration, go ahead despite all hardships and temporary setbacks.

Unity and cohesion of the collective for carrying out tasks set; coordination of the Corporation objectives and employees.

High professionalism and responsibility of the employees for their performance ensuring efficient production of advanced rocket-space technology and competitiveness on the market of space services.

Increased personal motivation of each employee for achieving high production results. Affording an opportunity for a maximum development of human resources potential, the

most important competitive edge of the Corporation. Creating normal conditions of life and ensuring social protection of the employees and

their families members, as well as promotion of job satisfaction with work in the Corporation and feeling of pride for belonging to the Corporation.

The main objectives of the personnel policy: Satisfying the Corporation requirements for manpower in terms of quality and quantity

and a new quality level of personnel potential:o Increased employment of promising young specialists and skilled production

workers; encouragement of their professional advance for the Corporation development;

o Maintaining continuity of work on rocket-space technology development and Corporation management;

o Rotation of managers and appointment of young managers from personnel reserve;

o Optimizing ratio between key production personnel and office and management personnel;

o Ensuring career development and promotion in the Corporation due to only a high level of professionalism, achievement of steadily high work performance, loyalty to the corporate values.

Each employee is motivated towards meeting the Corporation objectives and raising labor productivity at the expense of the following:

o Training of personnel in state-of-the art technologies of rocketry development;o Modern outfitting of work places;

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o Material incentives for personnel based upon annual assessment of employees performance.

Establishing personnel management system which would allow the Corporation to achieve steady status of socially responsible employer which offers a competitive benefits package both in the region and in the industry.

Achievement by the Corporation of the level of social responsibility and protection of its employees which will facilitate meeting the strategic objectives set by RSC Energia.

As on 31.12.2015, the staff number at RSC Energia was 9 049,4 persons. The key factor specifying its staff number is the scope of work to be performed by the Corporation.

In 2015, the number of young employees up to 30 years amounted to 2 285 persons. In so doing, the age group between 51 and 60 years old was dominant (4 293persons); also the age group older than 61 is large enough (2 973 persons). In other age groups the Corporation staff number was about the same: 2 302 persons in the 31-40 age group and 2 224 persons in the 41-50 age group.

In the last few years the middle age of the Corporation employees has not changed much and was 47,6 years old in 2015; 47,8 years in 2014 and 47,5 years in 2013.

In order to renew the Corporation staff and recruit talented young people, the Corporation cooperates on a regular basis with higher educational establishments and secondary professional schools:

o basic faculties of the Corporation in leading Moscow higher schools where more than 400 students are currently taught;

o under the Program of training engineers for the Defence-Industrial Complex (DIC) enterprises, in 2015, 250 school leavers entered the leading institution of higher education by target enrollment from RSC Energia; at the present time, 1064 students enrolled under the above Program attend 22 institutions of higher education;

o in 2015, 6 students successfully graduated from the institutions of higher education and employed by RSC Energia under the state-funded program “New personnel of DIC”;

o all kinds of practical work are organized for the students;o students who study at institutions of higher education on a full-time basis, get a part-

time job for a faster adaptation and assuming office. In 2015 111 students were hired by the Corporation;

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Corporation personnel structure by age, persons

30 years and younger

41-50 years31-40 years 51-60 years 61-70 years older than 71

o workers are trained on the basis of Professional technical secondary school after S.P. Korolev and Korolev’s College of space machine building and technologies, 27 young workers got jobs.

In order to compensate for loss of the key competencies, the Corporation practices the tutorship system aimed to transfer professional know-how to young employees.

5.2. Personnel motivation

The Corporation successfully uses up-to-date wage system which establishes dependence of remuneration on employees performance assessment results and is based on the concepts of external competitiveness and internal justice of remuneration, as well as a simplified process of its administration.

The Corporation wage system is based upon salary and bonus payment. Official salary (tariff rate) is fixed for each employee on the basis of 20-wage category tariff scale.

Payment for work is effected based upon employment agreements concluded with employees with due regard for operation results and workload of the divisions.

Indexation of wages of the Corporation employees is carried out in accordance with the approved regulatory documents of the Russian Federation, branch, tripartite regional and municipal agreements. Social protection of the employees is assured at the expense of Corporation financial resources.

In order to raise labor productivity and enhance quality of output, the Corporation introduced personnel evaluation systems and quarterly bonuses by the results of Work Program performance

Encouragement for professional achievements of RSC Energia specialists and workers is one of the most important morale and material incentives. The Corporation employees are recommended for government rewards, awards of Federal Space Agency, Moscow Region governors and administration, administration of Korolev city (485 persons in 2015). Also the Corporation employees are given honorary titles under RSC Energia Code of Labour Glory, with payment of bonuses for high performance in their specialized fields of activity.

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Corporation personnel structure by education, persons

Secondary professional

education

Basic general education

Higher education Secondary general

education

Managers WorkersSpecialists

5.3 Social policy

Social policy is concentrated on ensuring social protection of the employees facilitating thereby achievement of RSC Energia objectives set. Continuous monitoring of efficiency in social measures being put into effect allows to optimize costs of social policy implementation.

In its internal and external relations the Corporation seeks to develop its image as a socially responsible employer and maintain a high level of employees’ loyalty. All our employees have equal opportunities to take advantage of the Corporation social package.

Corporation is one of the city-forming businesses of Korolev city, Moscow Region, and takes part on a continuous basis in implementing comprehensive municipal social-economic programs. Funds for social infrastructure developments are allocated under the agreements concluded with executive and municipal bodies based upon mutually beneficial cooperation.

2015 saw an active implementation of the following long-term social programs: Construction of residential area “Energia” with all amenities provided; Development of educational system (taking part in construction of school in the new

residential area “Energia”); Support of cultural and sports objects. Charitable activities in the amount of 150 000 (one

hundred and fifty thousand) rubles were carried out to develop chess sport in Korolev municipal district (Corporation Management Board resolution No 24/2015 of 24.12.2015);

Implementation of jointly-sponsored projects and programs with the Committee on Education at Korolev’s city council within career guidance activity (International Space Contest, project entitled “Air-Engineer School CanSat in Russia”; scientific conferences attended by pupils from the municipal schools; excursions to the Corporation museum and the Center for Technologies Development and Personnel Training at RSC Energia ZAO ZEM).

RSC Energia social policy directions: Maintenance of the Corporation image as a reliable and socially responsible employer; Ensuring safe and comfortable labor conditions. Maintenance of social security benefits and compensations called for most of all:

occupational pension provision and voluntary medical insurance (VMI). Program “Health” aimed to promote healthy way of life, support and improve health of

the employees and their family members. Organization of cultural leisure time and sports events. Getting employees children into corporate pre-school education institutions. Housing policy. Youth policy. Assuming social responsibility not only to the Corporation employees, but also to

Korolev citizens. Furnishing free (charitable) assistance.

Social policy directions are implemented via the Collective Agreement. As part of the social partnership, the Corporation hosts annual conferences attended by the employer’s, work collective and trade-union committee representatives where progress in the collective agreement implementation and approval for a current period is discussed.

In 2015, free medical care of RSC Energia employees was provided, including out-patient treatment at polyclinic MSCh-170, dentistry, rehabilitation and health recovery in accordance with voluntary medical insurance contracts.

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In order to ensure social protection of employees when they retire from business on a pension, the employees are entitled to occupational pension.

For health improvement of the employees and their family members, vouchers are provided for them to the Corporation health resorts with a partial payment of vouchers cost.

On the basis of its health resorts, the Corporation arranges holidays for the Corporation employees’ children in summer time.

Corporate kindergartens located in different city districts are available for the Corporation employees’ children.

The Corporation implements successfully its housing program. Under the housing program being implemented in the Corporation, promising employees, highly qualified specialists, skilled workers whose trade is very much sought after are provided with a room in a hotel housing paid for under contract of rental of residential premises, or they have an opportunity to buy an apartment at preferential price by way of shared participation in construction of a new residential area of Korolev city.

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6. ENERGY CONSERVATION AND ENERGY EFFICIENCY. INCREASE IN PRODUCTION ECOLOGICAL SAFETY

6.1. Measures to enhance energy efficiencyDue to the fact that the Corporation and its subsidiary companies had to redistribute some of their activities between themselves, the Corporation took up some activities and related equipment (including heat-electric generation plant) which were new to it. So, the Corporation had to engage in these specific activities throughout 2015. Priority tasks in the accounting year were to ensure the required reconstruction and modernization of equipment, optimize the system and personnel.

Description of measures Measure purpose Volume of expenditures in

2015, mln rubles

Effects of measure implemented, expected effect

Overhaul of gas equipment, hot-water boiler control and safety automatic equipment PTVM-100 No12, with thermal capacity of 100 Gcal/h. installed in RSC Energia heat-electric generation plant; conduct of integrated adjustment and alignment work under operating conditions for automatic equipment systems and combustion process.

- bringing boiler gas supply system in line with the Federal norms and rules of industrial safety “Safety Rules for Gas Distribution and Consumption Networks”;

- automation of boiler combustion process;

- ensuring safe operation of boiler running on gas under any control mode;

- ensuring a possibility of remote control of the boiler

17.31 - significantly reduced gas consumption during subsequent periods.

Completion in 2016

Organization of workstation (WS) for operator of boiler room with a remote control and adjustment of operating parameters for RSC Energia heat-electric generation plant power equipment

- meeting the requirements for sanitary norms and rules as applied to heat-electric generation plant operators workstations equipment;

- organization of computerized information system for displaying information on workstation (operator’s cabin) from computerized systems controlling processes proceeding in heat-electric generation plant TP ACS which will subsequently allow to reduce the heat-electric generation plant staff

2.1 (stage 1) - reduction in attending personnel (after full automation is completed);

- improvement of working conditions;

- facilitation of optimized and failure-proof operation of the equipment

Organization of cold and hot water supply metering at RSC Energia installations at the address: 4A Pionerskaya street, Korolev, Moscow Region

- metering of cold and hot water supply in accordance with the requirements set forth in Federal Law No416-FZ “On Water Supply and Water Disposal”; the RF Government Decree No776 of 04.09.13 “On Approval of the Rules for Commercial Metering of Water, Waste Water”;

- creating conditions to enhance energy efficiency in production in compliance with Federal Law No261-FZ “On Energy Conservation and Enhanced Energy Efficiency and Making Amendments to Some Statutes of the Russian Federation”.

2.2 (phase 1) Expected effect from project implementation (2016, Phase 1 and Phase 2):- performed commercial

metering of cold and hot water supply;

- payment for the resources in accordance with volume of their consumption;

- prevention of overpayment for the consumed resources up to 13 million rubles per year in the event that calculation method of water metering is applied with respect to organization as a consumer;

- a possibility to supervise optimization of water supply for production and domestic-economic needs, with a

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subsequent cost cuttingOrganization of water (waste water) disposal metering system from the Corporation installations on its premises No1 at the address: 4A Lenin Street, Korolev, M. R.

- performance of waste water disposal in accordance with the requirements of Federal Law No 416-FZ “On Water Supply and Water Disposal”; RF Government Decree No766 of 04.09.13 “On Approval of the Rules for Commercial Metering of Water, Waste Water”.

- creating conditions for energy efficiency enhancement in production in compliance with Federal Law No261-FZ “On Energy Conservation and Enhanced Energy Efficiency and Making Amendments to Some Statutes of the Russian Federation”.

1.6 Expected effect from project implementation since 2016:- performance of commercial

metering of water disposal;- payment for the resources in

accordance with volume of their consumption;

- prevention of overpayment for the consumed resources up to 22 mln rubles per year in the event that calculation method of waste water metering is applied with respect to organization as a consumer;

- reduced payment for waste water disposal due to data received on actual balance of water disposal in the Corporation;

- a possibility to supervise optimization of water supply for production and domestic-economic needs, with a subsequent cost cutting

Hydraulic adjustment of hot water supply systems (HWS) on premises No1 and No2 within the Corporation at the address: 4A Lenin Street; 1A Grabin Street, Korolev, M. R.

- maintenance of hydraulic operating mode of HWS networks for users in accordance with optimal parameters.

Expected effect from the measures implemented in 2016:- prevention of risk of penalties

being imposed by outside users (failure to meet terms of hot water supply contracts);

- reduced volume of hot water circulation within internal systems of the Corporation users

1.0 Along with replacement of pumping equipment will provide annual reduction in electric power consumption for transfer by 1 mln rubles

Optimized thermal energy consumption (heating) by users on RSC Energia premises No2 at the address:1A Grabin Street, Korolev, M. R.

- Optimized consumption of thermal energy by users

- Reduced is heat-transfer agent consumption in the heating system by 100m3/h which accounts for 5.5% of the total heating system volume on premises No2

Change in flow-diagram of hot water and steam supply by users on premises No2 at the address: 1A Grabin Street, Korolev, M. R. by laying up (closing) of steam generating part of boiler house

- Optimized number of staff attending to industrial boiler house;

- uninterrupted supply of users by energy resources

18,9 (including purchase of the equipment for

boiler DE 25/24-380 No3)

Implementation of these measures together with integrated operations to install boiler DE 25/24-380 No3 as part of heat-electric generation plant with a scheduled date of putting the boiler into operation in 2016 will enable to reduce step-by-step the staff number of the boiler house. From 2014 through 2015, 25 established posts were reduced which corresponds to cost cutting in payroll fund by 10,5 million rubles per year.

Optimization of steady-state conditions in power networks, reduced consumption of electric energy for electrical installations “own needs”

- Optimization of power networks conditions in order to reduce the Corporation power consumption

- 2015 saw reduced volumes of electric power consumption in the Corporation by 3,7 million rubles at the expense of switching off under loaded transformers and causing other groups of optimally loaded transformers to pick up and carry their load.

Introduction of quality control of electric energy

- Carrying out quality control of electric energy

1,6 In 2015, electric energy quality control devices were installed at

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TP-304. Economic effect from the measures implemented will be assessed during 2016.

Replacement of street lights was performed on premises No1 and No2 of the Corporation

- Replacement of street lights for energy saving fixtures was performed on the Corporation premises No1 and No2

- Cutting costs of payment for electric energy in 2016.

Putting the above measures into effect resulted in saving energy resources in the course of manufacturing in 2015 by 10.4% as compared with energy resources saving in 2010.

Target figures of energy efficiency in RSC Energia heat-electric generation plant operation in 2015:

- index of gas saving (change in target (normative) figure relative to actual level) was 49,2 million rubles which corresponds to annual gas saving of 9 951 thousand cubic meters;

- index of specific fuel consumption for supplying thermal energy of 1Gcal from heat source decreased by 9.9% with respect to target (normative) figure for 2015 and amounted to 151,5 kg of equivalent fuel/Gcal.

6.2 Information about the volume of different types of fuel-and-power resources used by the Corporation in 2015 (in physical and money terms) as

compared with the past yearName 2014 2015

Electric power Volume Cost, rubles Volume Cost, rubles

Heat power 19 141 600 kW*hour 76 766 295,18 14 101 739 kW*hour 53 534 403,23

Steam 103 876,59 Gcal 119 840 415,59 78 616,16 Gcal  105 961 653,30

Low-pressure air 617 Gcal 771 620,11 601 Gcal 849 016,49

High-pressure air 162 000 m³ 654 807,12 162 000 m³ 599 101,13

Cold water 20 000 m³ 633 179,28 20 000 m³ 632 717,79

Motor petrol 603 181 m³ 9 946 454,69 555 705 m³ 9 911 840,10

Diesel fuel 907 t 28 117 000,00 431 t 17 993 223,81

130 t 4 030 000 93 t  3 152 786,35

Detailed information about ensured energy efficiency in RSC Energia can be found in item 3.3, Appendix 11 to the Annual Report.

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6.3 Ecological efficiencyCalculation of ecological efficiency

Type of pollutionVolume, tons Ecological efficiency as

compared with data for 2014,%2014 2015

Disposal of waste water

storm run-off 121,353 202,583 - 66.94*fecal run-off 385,475 334,963 13.1

Pollutants emission into the atmosphere 588,031 588,031 0**

Solid waste 1 647,725 1514,394 8.09Total 2 742,584 2639,971 3.74

*- difference in annul pollutants quantity (storm run-off) is due to changed number of indices under control (in 2014, 6 primary pollutants with current standards for authorized disposal were under control, while in 2015, 13 primary pollutants were brought under control in accordance with the requirements set forth in the RF Government Decree No644 “On Approval of the Rules for Cold Water Supply and Water Disposal” of 29.07.2013 and those of Rospotrebnadzor).

** - data is brought up to date with current figures of maximum allowed discharge of pollutants into the atmosphere accepted at RSC Energia and AO Teplo RSC.

Ecological efficiency index was updated on the whole due to redistribution of the activities and changing accounting policy accordingly between RSC Energia and its subsidiary companies AO Teplo RSC Energia and ZAO ZEM RSC Energia, as well as fuel and energy complex added to the Corporation in 2015.

Under Federal Law “On Manufacturing and Consumption Waste No89-FZ of 24.06.1998, draft document “On the Norms of Waste Produced and Limits of their Disposal” was prepared and concurred in the Federal Service department in charge of supervision over management of nature within Central Federal District. As the result, the document on approved norms of waste produced and limits of their disposal No52/2289 MO of 14.10.2015 was issued with a 5-year effective period. The document permits to make payments for adverse environmental impact 5 times less. The same is true for the Corporation manufacturing divisions, including subsidiary company ZAO ZEM RSC Energia which shares the same premises with the Corporation.

Ecological management system is introduced and kept going with the aim to arrange activities to protect environment in compliance with the requirements set forth in international standards (series GOST R ISO 14000). Within the framework of ecological management system, the top management defined Ecological policy, set objectives and tasks to achieve ecological efficiency, as well as drawn up and approved ecological program over the 2011-2015 period.

Within the 2011-2015 ecological program, the measures were put into effect to reduce adverse environmental impact having to do, first of all, with significant ecological aspects. During 2015, gas trapping and dust suppression installations were being mounted and serviced in manufacturing shops. At the present time, technological modernization plan for the 2015-2018 period includes (among other things) development and implementation of the project on modernization of pollution control facilities at galvanic shop. Putting the above measures into effect allowed to achieve reduction in adverse environmental impact by 12.5% as compared with the figures for 2010.

By input data of audits and supervision over the measures to remedy ecological problems, ecological efficiency was assessed (as per IN 304.484.25.00768-2012“Ecological Management System. Assessment of Ecological Efficiency”). As follows from the ecological efficiency analysis, it was concluded that the ecological management system operated in accordance with the requirements established. By the 2015 performance, ecological efficiency coefficient is 0,92.

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Detailed information about ecological efficiency provided by RSC Energia can be found in item 3.4, Appendix 11 to the Annual Report.

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7. CORPORATE GOVERNANCE

7.1 RSC Energia corporate governance concepts and structure

Corporate governance system at RSC Energia is a total combination of the processes ensuring overall management and control of the Corporation operation. These processes cover relations among shareholders, the Board of Directors and executive bodies and center on harmonizing interests of all participants in corporate relations which involve not only shareholders and managerial bodies, but also potential investors and a wide circle of other interested parties such as customers of services, the Corporation employees, counterparts, creditors, partners, government and local communities.

RSC Energia considers corporate governance as a means to enhance efficiency in its operation, maintain its image, increase its investment attractiveness.

In order to streamline and ensure continuity of corporate governance practice in the Corporation, the Board of Directors resolved to approve Code of Corporate Conduct of RSC Energia (Minutes No 11 dated 29.04.2013) developed. This code is in compliance with current legislation requirements and advanced corporate governance standards, including Russian Code of Corporate Governance recommended by the Bank of Russia.

Appendix 5 to the Annual Report gives a detailed information about the Corporation adherence to the provisions of the Code of Corporate Governance recommended by the Bank of Russia (Letter from the Bank of Russia N 06-52/2463 “On the Code of Corporate Governance” of 10.04.2014).

Corporation is a public joint-stock company that carries out all compulsory statutory requirements for information disclosure on the securities market. Relevant information is available to all interested persons on the Internet (official site of the Corporation: www.energia.ru) and on the Corporation page in the Center for Corporate Information Disclosure: http://www.e-disclosure.ru/portal/company.aspx?id=1615 ) .

RSC Energia’s shareholders can get full and trustworthy information about the Corporation at the place of its executive body location: 4A Lenin Street, Korolev City, Moscow Region.

The Corporation shareholders are provided with reliable and efficient methods to keep records of their right of ownership to shares. The above activity is conducted by a professional participant of securities market – registrar of securities. Shareholders are entitled to take part in RSC Energia management by way of taking decisions on the Corporation operation issues at General Shareholders’ Meeting.

Detailed information about the registrar keeping records of the rights of ownership to the Corporation securities is given in the Annual Report, Section 10, item 10.2.

57

Corporate governance at RSC Energia

58

Auditing Committee

Control over financial and economic activities

of the Corporation

General Shareholders’ Meeting

Establishing managerial and control bodies in the Corporation, approval of annual report, financial

statements, profit distribution, etc.

Management Board

Management of the day-to-day operations of the Corporation

President

Management of the day-to-day operations of the

Corporation

Board of Directors

Overall management of the Corporation operation

Internal Audit

Evaluation of policies, provisions and procedures in the Corporation in order to ensure

efficient management

Board of Directors’ Committees:

Auditing Committee

Personnel and Remuneration Committee

Strategic Planning, Modernization and

Innovative Development Committee

Preliminary consideration of urgent items on the agenda of

the Board of Director’ meeting and giving

recommendations on them

Election

Accountability

RSC Energia Board of Directors’ statement to the effect that the corporate governance concepts set out in the Code of Corporate Governance are adhered to.

RSC Energia understands the importance of the corporate governance concepts set out in the Code of Corporate Governance for doing business successfully in the long-term perspective and ensuring appropriate level of accountability to its shareholders.

RSC Energia ensures an equal and fair attitude to all its shareholders in exercising their rights to take part in management of the Corporation. The corporate governance system and practice provide equal opportunities for all shareholders, namely, holders of shares within one class (type), including minority (small) shareholders and foreign shareholders, and equal attitude of the Corporation to them, which is made possible due to the following:

o reliable and efficient record keeping system for ownership rights to shares maintained by independent registrar;

o free disposal and alienation of the shares they own;o early notification of the shareholders about holding general shareholders’ meetings, as

well as making information (materials) concerning forthcoming meetings available to all shareholders, including its placement on the Corporation Internet site;

o free access to personal attendance or through his (her) representatives of general shareholders’ meeting, with a voting right on agenda items in compliance with legislation and the Corporate Bylaws;

o regular and timely receipt of information about the Corporation operation and familiarization with the Corporation documents in the manner prescribed by legislation and the Corporate Bylaws;

o a possibility to exercise supervision over managerial bodies actions;o exercising other rights foreseen by legislation, Corporate Bylaws and decisions taken at

general shareholders meeting within the limits of their competence.

The Corporation seeks to make its activities transparent for its shareholders, investors and other interested persons. Corporation satisfies statutory requirements for information disclosure by public corporations. The Corporation set up and maintains its own Internet site, including its English version. The site presents contact information (telephone, fax, E-mail address) which can be used by interested persons for requesting information they need and discussing topical issues.

Shareholders are given an equal and fair opportunity for profit-sharing through receiving dividends.

Board of Directors defines major strategic guidelines for the Corporation operation in terms of its long-term development, key indicators of its activity; conducts strategic management; supervises executive bodies operation, as well as performs other key functions.

Decisions on critical issues of the Corporation operation are taken at a Board of Directors; meeting to be held with attendance of all members, by a two-thirds majority or majority of the elected Board of Directors’ members as a whole.

Issues brought up for the Board of Directors consideration are subject to open and comprehensive discussion at the meetings. The Corporate Bylaws, with due regard for specific features of its operation, establish lower minimum criteria for transactions of the Corporation falling within the Board of Directors competence than those provided for by current legislation.

Board of Directors sets up and forms the committees on preliminary consideration of urgent issues in the Corporation activity.

Risk management and internal control system aimed at building reasonable confidence to achieve goals set to the Corporation is being created at RSC Energia.

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Corporation set up internal audit subdivision functionally subordinate to the Board of Directors. In-house regulatory and procedural documents on setting up risk management, internal control and internal audit system are being updated and agreed.

In an effort to undertake effective measures to prevent and settle conflict of interests, as well as in order to provide common corporate standards in the Corporation; Policy to Combat Corruption is adopted, as well as other follow-up documents (including the Code of Ethics and Official Behaviour for RSC Energia Employees; Provision on Conflict of Interests at RSC Energia; Provision on the Committee on Meeting the Requirements for Official Behaviour of the Employees and Settling Conflict of Interests at RSC Energia; Provision on “Telephone Hot Line” on the Issues to Combat Corruption at RSC Energia). During the accounting period measures aimed to counteract corporate fraud and combat corruption were put into effect. The Corporation site gives telephones for feedback to report corruption facts.

Corporation adheres to the opinion that there is no need to engage a wide circle of independent directors in the companies operating in the field of defence-industrial complex of Russia.

Size of remuneration for the Board of Directors members is calculated based upon the Provision approved by the general shareholders meeting which provides for payment of remuneration consisting of two parts, fixed and variable. Variable part depends upon financial performance of the Corporation for a respective year. Size of remuneration of the Board of Directors members is differentiated with respect to scope of responsibilities of a particular Director in the Corporation Board of Directors in order to take account of additional time required for performance of duties by Chairman of the Board of Directors, member of a particular Committee, Chairman of a Committee. No forms of short-term motivation and additional material incentives are applied to the Board of Directors’ members.

7.2. Information about conducting General Shareholders Meetings

In 2015 the following General Shareholders’ Meetings were held: extraordinary General Shareholders’ Meeting arranged on January 14, 2015 with attendance of all shareholders for discussing the agenda items and a possibility to vote ahead of the meeting by ballots (Minutes №28 of 16.01.2015) and annual General Shareholders’ Meeting of RSC Energia called on June 27, 2015 with attendance of all shareholders and a possibility to vote ahead of the meeting by ballots (Minutes №29 of 30.06.2015).

The following resolutions were passed at the extraordinary General Shareholders’ Meeting: RSC Energia’s profit distribution by the 2013 performance was approved; RSC Energia Board of Directors’ recommendations on dividends size, dates and

manner of payment by the 2013 performance were approved.

Appendix 4 to Annual Report gives particulars about all the resolutions passed at the extraordinary General Shareholders Meeting held on 14.01.2015.

The following resolutions were passed at the annual General Shareholders’ Meeting: Annual report and bookkeeping reporting (financial statements) of the Corporation for

2014 were approved. Information to the effect that no net profit had been earned by the 2014 performance

was taken note of. Since no net profit was earned, decision on dividend payment was not taken.

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RSC Energia Board of Directors proposals to pay remuneration to the Board of Directors’ members who are not public officials and who are the Auditing Committee members were approved.

Corporation auditor for 2015 was approved. Corporation Board of Directors and Auditing Committee members were elected. Some interested-party transactions were approved.

On the issues of approval of revised versions of RSC Energia Corporate Bylaws and in-house documents it was resolved to defer their consideration to a later date in view of the fact that they need to be updated. In the accounting year revised versions of the Corporate Bylaws and in-house documents were updated. They are going to be reviewed at the annual General Shareholders’ Meeting in 2016.

Appendix 4 to Annual Report gives particulars about all the resolutions passed at the 27.06.2015 annual General Shareholders’ Meeting.

7.3. Information about the Corporation Board of Directors

Board of Directors conducts overall management of the Corporation operation in the interests of Corporation and its shareholders in accordance with competence laid down in the Russian Federation legislation and RSC Energia Corporate Bylaws.

Board of Directors members are elected at General Shareholders’ Meeting via cumulative voting of 11 persons in number for a period till next annual General Shareholders’ Meeting.

Board of Directors’ meetingsIn 2015, RSC Energia Board of Directors held 17 Board Directors’ meetings, including 9 meetings of the Board of Directors elected on July 12, 2014 and 8 meetings of the Board of Directors elected on June 27, 2015.

At its meetings, the Board of Directors considered the issues associated with the following aspects of the Corporation operation:

Drawing up a budget and programs of the Corporation activities. Implementation of the Innovative Development Program. Audit of the Corporation financial and business activities; its subsidiary and affiliated

companies. Conduct of procurement activities. Consideration of interested-party transactions. Review of the projects of strategic importance.

Appendix 4 to the Annual Report gives particulars about the resolutions passed at the 2015 Board of Directors meetings.

7.3.1 Board of Directors Regulations

RSC Energia approved the Board of Directors Regulations at the annual General Shareholders’ Meeting held on July 12, 2014 (Minutes №26 of 15.07.2014) which specified Board of Directors work procedure.

7.3.2 RSC Energia Board of Directors membership during the accounting year

RSC Energia Board of Directors membership from 27.06.2015 up to now

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1. Yuri Veniaminovich Vlasov General Director, OAO URSC2. Anatoly Anatolievich

GavrilenkoGeneral Director, ZAO Lider (Pension Fund Assets Management Company)

3. Vitaly Anatolievich Davydov Deputy General Director, Chairman of Scientific-Technical Council, Advanced Research Fund

4. Andrei Nikolaevich Klepach Deputy Chairman of Bank for Foreign Economic Affairs (Vnesheconombank)

5. Igor Anatolievich Komarov General Director, Public Space Corporation ROSCOSMOS, Chairman of Corporation Board of Directors

6. Andrei Sergeevich Nikitin General Director, ANO Agency for Strategic Initiatives to Promote New Projects

7. Sergei Alexandrovich Nikitin Deputy General Director, Head of Corporate Control Department, ZAO Lider (Pension Fund Assets Management Company)

8. Alexei Viktorovich Nuzhdov Deputy General Director in charge of investments and coordination with government bodies, ZAO Lider (Pension Fund Assets Management Company)

9. Maxim Valerievich Petrov Deputy General Director in charge of corporate governance, legal and property matters of public corporation ROSCOSMOS

10.

Pavel Dmitrievich Popov First Deputy General Director, OAO URSC

11.

Vladimir Lvovich Solntsev President, RSC Energia

RSC Energia Board of Directors membership from 12.07.2014 till 27.06.2015*1. Anatoly Anatolievich

GavrilenkoGeneral Director, ZAO Lider (Pension Fund Assets Management Company)

2. Nikolai Ivanovich Zelenschikov

First Vice-President, First Deputy General Designer, RSC Energia (as on 31.12.2014)

3. Andrei Nikolaevich Klepach Deputy Chairman of Bank for Foreign Economic Affairs (Vnesheconombank)

4. Igor Anatolievich Komarov Head of Federal Space Agency, Chairman of Corporation Board of Directors

5. Alexandr Alexandrovich Kuznetsov

Head Of Project Management Office, RSC Energia

6. Vitaly Alexandrovich Lopota Vice-President for Technological Development of OAO URSC (as on 31.12.2014)

7. Andrei Sergeevich Nikitin General Director, ANO Agency for Strategic Initiatives to Promote New Projects

8. Sergei Alexandrovich Nikitin Deputy General Director, Head of Corporate Control Department, ZAO Lider (Pension Fund Assets Management Company)

9. Alexei Viktorovich Nuzhdov Deputy General Director in charge of investments and coordination with ZAO Lider government bodies (Pension Fund Assets Management Company)

10 Maxim Valerievich Petrov Deputy General Director in charge of corporate

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. governance, legal and property matters of Public Corporation ROSCOSMOS

11.

Alexei Konstantinovich Ponomarev

Vice-President in charge of Industry and Government Bodies of Skolkov’s Institute for Science and Technologies

* Board of Directors’ members official positions are given as on 27.06.2015.

7.3.3. Background information about the persons who were the members of RSC Energia Board of Directors in 2015

Yuri Veniaminovich Vlasov (since 27.06.2015)Date of birth: 1959

Education: higher professional education, Candidate of Science (Engineering)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom till2010 2011 Defence Ministry of Russia Deputy Head of Department2011 2012 Defence Ministry of Russia Head of Department2013 2014 FSUE NPO after S.A. Lavochkin First Deputy General Director2014 2015 OAO URSC Deputy General Director for Projects

and Programs2015 08.2015 OAO URSC Acting General Director

08.2015 up to now

OAO URSC General Director

No Participating interest in the issuer Charter capital / no common shares in possession

Anatoly Anatolievich GavrilenkoDate of birth: 1972

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom till2004 up to

nowZAO Lider (Pension Fund Assets Management Company)

General Director

No Participating interest in the Corporation Charter capital / no common shares in possession

Vitaly Anatolievich Davydov (since 27.06.2015)Date of birth: 1953

Education: higher, Candidate of Science (Economics)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom till02.2008 05.2013 Federal Space Agency State Secretary, Deputy Head06.2013 up to

nowAdvanced Research Fund Deputy General Director, Chairman of

Scientific-Technical Council

63

No Participating interest in the Corporation Charter capital / no common shares in possession

Nikolai Ivanovich Zelenschikov (till 27.06.2015)Date of birth: 1941

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom till02.2009 08.2012 RSC Energia First Vice-President, First Deputy

General Designer 10.2012 02.2015 RSC Energia First Vice-President, First Deputy

General Designer02.2015 06.2015 Pensioner

Participating interest in the issuer Charter capital: 0.00089%

Person’s share in the issuer common stock ownership: 0.00089%

Andrei Nikolaevich KlepachDate of birth: 1959

Education: higher, Candidate of Science (Economics)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom till2008 07.2014

.Russian Federation Ministry of Economic Development

Deputy Minister

2012 up to now

Moscow State University after M.V. Lomonosov

Holding the chair of macroecomonic regulation and planning, economic faculty

07.2014 up to now

Vnesheconombank Deputy Chairman (chief economist)

No Participating interest in the Corporation Charter capital / no common shares in possession

Igor Anatolievich Komarov – the Chairman of the Board of DirectorsDate of birth: 1964

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom Till2009 2013 OAO AVTOVAZ Executive Vice-President in

charge of Strategy, Finance, Economics and Corporate Governance. Executive Vice-President, President

10.2013 01.2015 Federal Space Agency Deputy Head03.2014 01.2015 OAO United Rocket-Space Corporation Chief Executive Officer01.2015 08.2015 Federal Space Agency Head of Federal Space Agency08.2015 up to

nowPublic Space Corporation ROSCOSMOS General Director

64

No Participating interest in the Corporation Charter capital / no common shares in possession

Alexandr Alexandrovich Kuznetsov (till 27.06.2015)Date of birth: 1960

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titleFrom Till2006 2012 RSC Energia Head of Directorate2012 02.201

5RSC Energia First Deputy General Designer,

Head of Project Management Office

02.2015

up to now

RSC Energia Head of Project Management Office

No Participating interest in the Corporation Charter capital / no common shares in possession

Vitaly Alexandrovich Lopota (till 27.06.2015)Date of birth: 1950

Education: higher professional education; Doctor of Science (Engineering); RAS corresponding member, professor

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till11.198

1* Saint-Petersburg State Polytechnical Institute Professor, holding the chair (as

a sideline job)12.200

901.201

2Government scientific institution “Central Research and Development Institute for Robotics and Engineering Cybernetics”

Research Manager, General Designer (as a sideline job)

01.2012

* Government scientific institution “Central Research and Development Institute for Robotics and Engineering Cybernetics

Research Manager, General Designer (as a sideline job)

10.2010

* Federal State Budget Funded Establishment of Higher Professional Education “Moscow State Technical University after N.E. Bauman”

Holding the chair (as a sideline job)

07.2007

09.2014

RSC Energia Corporation President, General Designer

09.2014

4th

quarter, 2014

OAO URSC Vice-President for Technological Development

* Data available as on the date of termination of his official powers in the Corporation Board of Directors: 27.06.2015

Participating interest in the issuer Charter capital: 0.00961%

Person’s share in the issuer common stock ownership: 0.00961%

Andrei Sergeevish Nikitin (independent member of the Board of Directors)Date of birth: 1979

Education: higher, Candidate of Science (Economics)

65

All positions taken by this person in the Corporation and other organizations over the last 5 years including sideline jobs:

Period Name of organization Job titlefrom till05.200

908.201

1OOO UK Ruskompozit Managing Director, General

Director08.201

1Up to now

Independent non-profit organization “Agency of Strategic Initiatives to Promote New Projects”

General Director

No Participating interest in the Corporation Charter capital / no common shares in possession

Sergei Alexandrovich Nikitin Date of birth: 1968

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years including sideline jobs:

Period Name of organization Job titlefrom till02.201

008.201

1Open Foreign Economic JSC “Tekhsnabexport” Deputy General Director

09.2011

07.2012

ZAO Lider General Director’s Adviser

07.2012

06.2013

ZAO Lider Deputy General Designer, Head of Project Methodology, Management and Supervision Department

06.2013

up to now

ZAO Lider Deputy General Designer, Head of Corporate Control Office

No Participating interest in the Corporation Charter capital / no common shares in possession

Alexei Viktorovich NuzhdovDate of birth: 1968

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till12.200

8up to now

ZAO Lider (Pension Fund Assets Management Company)

Deputy General in charge of investments and interaction with government bodies

01.2009

up to now

NPF Gazfond Head of Corporate Security Office (as a sideline job)

No Participating interest in the Corporation Charter capital / no common shares in possession

Maxim Valerievich Petrov Date of birth: 1976

Education: higher, Candidate of Science (Law)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job title

66

from till02.200

705.201

0OAO OAK Director of Law Department

07.2011

10.2013

ZAO Madeliks Deputy General Director in charge of legal matters and corporate governance

10.2013

03.2014

OAO Research Institute for space instrument-making

Deputy General Director

04.2014

03.2015

OAO URSC Deputy General Director in charge of corporate governance, legal and property matters

03.2015

01.2016

OAO URSC First Deputy General Director in charge of corporate governance, legal and property matters

01.2016

up to now

Public corporation ROSCOSMOS Deputy General Director in charge of corporate governance, legal and property matters

No Participating interest in the issue Charter capital / no common shares in possession

Alexei Konstantinovich Ponomarev (till 27.06.2015)Date of birth: 1959

Education: higher, Candidate of Science (Engineering)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till2010 2012 Russian Federation Ministry of Education and

ScienceDeputy Minister

2012 up to now

Skolkov’s Institute for Science and Technologies Vice-President in charge of Industry and Government Bodies

No Participating interest in the Corporation Charter capital / no common shares in possession

Pavel Dmitrievich PopovDate of birth: 1977

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till2003 2013 OAO GMK “Norilsky Nikel” Director of Economic

Department, Head of Summary and Budget Planning Office Deputy Head of Office, Head of Department

2013 03.2015

OAO URSC Deputy General Director in charge of Economics and Finance

03.2015

up to now

OAO URSC First Deputy General Director

67

No Participating interest in the issuer Charter capital / no common shares in possession

Vladimir Lvovich SolntsevDate of birth: 1957

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till10.201

008.201

4OAO NPO Energomash Executive Director

08.2014

09.2014

RSC Energia Acting President

09.2014

up to now

RSC Energia President

No Participating interest in the issuer Charter capital / no common shares in possession

7.3.4. Regulations on ad hoc Committees at RSC Energia Board of Directors

The following ad hoc Committees are set up at the Board of Directors aimed at a thorough analysis of the problems falling within competence of the Board of Directors in strategic planning, internal control and audit, as well as staff and remuneration.

The Committees are advisory and consultative bodies ensuring efficient performance by the Board of Directors of their overall management functions within the Corporation. They operate based upon respective regulations:

Audit Committee Provision (approved in a revised version by the Board of Directors on December 17, 2014, Minutes No. 12)

Personnel and Remuneration Committee Provision (approved by the Board of Directors, Minutes No. 4 of 11.12.2012, with amendments introduced in 2014 and 2015; Minutes No. 10 of 17.12.2014, Minutes No 1 of 03.08.2015).

Strategic Planning, Modernization and Innovative Development Committee Provision (approved by the Board of Directors, Minutes No. 3 of 26.11.2012; amendments introduced in 2014 and 2015; Minutes No. 10 of 17.12.2014; Minutes No.1 of 03.08.2015).

Composition of the Committee on Strategic Planning, Modernization and Innovative Development at RSC Energia Board of Directors during 2015Yuri Veniaminovich Vlasov (since 27.06.2015)

Anatoly Anatolievich Gavrilenko

Vitaly Anatolievich Davydov (since 27.06.2015)

Nikolai Ivanovich Zelenschikov (till 27.06.2015)

Andrei Nikolaevich Klepach, Chairman

Igor Anatolievich Komarov (till 27.06.2015)

Alexandr Alexandrovich Kuznetsov (till 27.06.2015)

Vitaly Alexandrovich Lopota (till 27.06.2015)

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Sergei Alexandrovich Nikitin

Alexei Konstantinovich Ponomarev (till 27.06.2015)Vladimir Lvovich Solntsev (since 27.06.2015)

Composition of the Committee on Personnel and Remuneration at RSC Energia Board of Directors during 2015:Andrei Sergeevich Nikitin, Chairman

Alexei Viktorovich Nuzhdov

Maxim Valerievich Petrov

Alexei Konstantinovich Ponomarev (till 27.06.2015)

Composition of the Audit Committee at RSC Energia Board of Directors during 2015:Nikolai Ivanovich Zelenschikov (till 27.06.2015)

Sergei Alexandrovich Nikitin, Chairman

Alexei Viktorovich Nuzhdov

Maxim Valerievich Petrov

7.3.5. Meetings of the ad hoc Committees at the Board of Directors in 2015

Appendix 4 to Annual Report gives detailed information about the resolutions passed at the meetings of the ad hoc Committees at the Board of Directors during 2015

7.3.6. Provision on Remuneration of the Corporation Board of Directors members

Provision on Remuneration and Compensations to be paid to RSC Energia Board of Directors’ members is valid in the Corporation, according to which remuneration to the Board of Directors members shall be paid once a year by the results of accounting fiscal year, upon the resolution passed at General Shareholders’ Meeting, as well as actual expenses incurred (with documentary confirmation) in connection with participation in the Board of Directors activities shall be compensated (within the norms laid down).

7.3.7. Information about remuneration paid to the Board of Directors members in 2015

No resolution was passed by the annual General Shareholders’ Meeting held on July 12, 2014 concerning remuneration to be paid by the 2013 performance of the Corporation to the Board of Directors’ members.

At extraordinary General Shareholders’ Meeting of the Corporation held on January 14, 2015 it was resolved that RSC Energia’s profit earned by the 2013 performance should be distributed, with due regard for payment of remuneration to the Board of Directors members:

Remuneration is to be paid to RSC Energia Board of Directors’ members by the 2013 performance which totals 3 129,6 thousand rubles and is allocated as follows:

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1. S.A. Bushmakin – 499,2 thousand rubles (Chairman of Personnel Committee and the Audit Committee member).

2. V.K. Verbitsky – 480,0 thousand rubles (Chairman of the Committee on Audit).

3. A.A. Gavrilenko – 387,2 thousand rubles (Strategy Committee member).

4. N.I. Zelenschikov – 400,0 thousand rubles.

5. A.S. Nikitin – 422,4 thousand rubles (Personnel Committee and Strategy Committee member).

6. A.V. Nuzhdov – 460,8 thousand rubles (Audit and Strategy Committees member).

7. A.F. Strekalov – 480,0 thousand rubles (Personnel and Audit Committees member).

At the annual General Shareholders’ Meeting of the Corporation held on June 27, 2015 it was resolved that remuneration should be paid to the Board of Directors members who served from 06.07.2013 and from 12.07.2014 to 27.06.2015 based on 2014 performance:

Remuneration is to be paid to RSC Energia Board of Directors’ members by the Corporation performance in 2014 which totals 6 182,2 thousand rubles and is allocated as follows:

1. S.A. Bushmakin – 394,7 thousand rubles (Chairman of Personnel Committee and the Audit Committee member).

2. V.K. Verbitsky – 405,4 thousand rubles (Chairman of the Audit Committee).

3. A.A. Gavrilenko – 623,6 thousand rubles (Strategy Committee member).

4. N.I. Zelenschikov – 748,0 thousand rubles (member of the Committee on Strategy and the Committee on Audit).

5. A.N. Klepach – 368,0 thousand rubles (Chairman of the Committee on Strategy);

6. A.V. Lopota – 208,0 thousand rubles (member of the Committee on Strategy);

7. A.S. Nikitin – 701,3 thousand rubles (Chairman of the Committee on Personnel and Committee on Strategy).

8. A.V. Nuzhdov – 789,4 thousand rubles (Audit and Strategy Committees member).

9. A.A. Kuznetsov – 376,0 thousand rubles (member of the Committee on Strategy)

10. S.A. Nikitin – 344,0 thousand rubles (Chairman of the Committee on Audit)

11. M.V. Petrov – 418,9 thousand rubles (member of the Committee on Personnel and the Committee on Audit)

12. A.K. Ponomarev – 410,2 thousand rubles (member of the Committee on Personnel and Committee on Strategy)

13. A.F. Strekalov – 394,7 thousand rubles (Personnel and Audit Committees member).

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7.4. Information about the Corporation executive bodies

7.4.1. Single – member executive body

RSC Energia single-member executive body is the President who carries out management of the Corporation day-to-day operation in accordance with the established procedure and within the limits of power laid down by Federal Law “On Joint-Stock Companies”, other Russian Federation legal acts, the Corporation Articles of Incorporation, Single-Member Executive Body Provision and Labor Agreement concluded with single-member executive body.

Vladimir Lvovich SolntsevDate of birth: 1957

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till10.2010 08.2014 OAO NPO Energomash Executive Director08.2014 09.2014 RSC Energia Acting President09.2014 up to now RSC Energia PresidentNo Participating interest in the issuer Charter capital/no common shares in possession

Term of office under the Labor Agreement is 5 years (since 21.09.2014)

7.4.2. Collective Executive Body

RSC Energia Collective Executive Body is the Management Board. In accordance with the Corporate Bylaws existing in the Corporation, the membership and staff of the Management Board are determined by the Board of Directors. Management Board members are elected for a 5-year period by the Board of Directors with due regard for a proposal put forward by the Corporation President. Only Corporation employees are entitled to be members of the Management Board.

In the accounting year, the membership of the Corporation Management Board was changed from 15 to 16 persons; also there were changes in the composition of the Management Board.

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7.4.3. RSC Energia Collective Executive Body membership during the accounting year (up to now)

RSC Energia Management Board membership from 25.02.2015 up to now

1. Nikolai Albertovich Brukhanov General Designer for Advanced Space Complexes and Systems, RSC Energia

2. Pavel Vyacheslavovich Vinokurov Vice-President for Financial-Economic Activity, RSC Energia

3. Yugeny Alexeyevich Yermakov(since 30.07.2015)

Head of Department, Chief Engineer, RSC Energia

4. Mikhail Viktorovich Komarov Vice-President for Personnel and Social Policy, RSC Energia

5. Yelena Mikhailovna Korogodina Chief Accountant, RSC Energia

6. Mikhail Yurievich Merkulov Vice-President for Security, RSC Energia

7. Eugeny Anatolievich Mikrin First Deputy General Designer, Chief Designer of onboard and ground control complexes and systems; Director of Scientific-Technical Center, RSC Energia, Professor of MFTI

8. Vladimir Yefimovich Osmolovsky (till 21.03.2016)*

Senior Vice-President for Economics and Corporate Governance, RSC Energia

9. Nikolai Anatolievich Pirogov(since 09.11.2015)

Vice-President for interaction with government bodies, RSC Energia

10. Igor Sergeevich Radugin General Designer of Launch Vehicles, RSC Energia

11. Sergei Yurievich Romanov General Designer of Manned Space Complexes, RSC Energia

12. Viktor Ivanovich Rykov Vice-President for Control-Auditing Activity, RSC Energia

13. Sergei Anatolievich Saperov Vice-President for Organization-Legal Matters, RSC Energia

14. Vladimir Lvovich Solntsev President, RSC Energia

15. Vladimir Alexeyevich Solovyov First Deputy General Designer for flight operation, tests of rocket-space complexes and systems, RSC Energia

16. Igor Vladimirovich Frolov General Designer of unmanned space complexes and systems, RSC Energia

*  Powers in the Corporation Board of Directors are terminated by virtue of cancellation of the Labor Agreement.

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RSC Energia Management Board membership from 12.12.2014 till 25.02.2015

1. Nikolai Albertovich Brukhanov General Designer of Advanced Space Complexes and Systems, RSC Energia

2. Pavel Vyacheslavovich Vinokurov Vice-President for Financial-Economic Activity, RSC Energia

3. Mikhail Viktorovich Komarov Vice-President for Personnel and Social Policy, RSC Energia

4. Yelena Mikhailovna Korogodina Chief Accountant, RSC Energia

5. Vicktor Pavlovich Legostaev(till 08.01.2015)

General Designer, RSC Energia

6. Mikhail Yurievich Merkulov Vice-President for Security, RSC Energia

7. Arkadiy Leonidovich Martynovsky Vice-President for Construction, RSC Energia

8. Eugeny Anatolievich Mikrin First Deputy General Designer, Chief Designer of onboard and ground control complexes and systems; Director of Scientific-Technical Center, RSC Energia, Professor of MFTI

9. Vladimir Yefimovich Osmolovsky Senior Vice-President for Economics and Corporate Governance, RSC Energia

10. Igor Sergeevich Radugin General Designer of Launch Vehicles, RSC Energia

11. Sergei Yurievich Romanov General Designer of Manned Space Complexes, RSC Energia

12. Viktor Ivanovich Rykov Vice-President for Control-Auditing Activity, RSC Energia

13. Sergei Anatolievich Saperov Vice-President for Organization-Legal Matters, RSC Energia

14. Vladimir Lvovich Solntsev President, RSC Energia

15. Vladimir Alexeyevich Solovyov First Deputy General Designer for flight operation, tests of rocket-space complexes and systems, RSC Energia

16. Igor Vladimirovich Frolov General Designer of unmanned space complexes and systems, RSC Energia

7.4.4 Background information about the persons who were the members of RSC Energia Management Board during 2015

Nikolai Albertovich BrukhanovDate of birth: 1957

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till

73

02.2009

07.2012

RSC Energia Deputy General Designer, Chief Designer

07.2012

12.2014

RSC Energia First Deputy General Designer, Chief Designer

12.2014

up to now

RSC Energia General Designer of advanced space complexes and systems

No participating interest in the Corporation charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited.

Pavel Vyacheslavovich VinokurovDate of birth: 1975

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till11.200

904.201

1ZAO Volgograd Metallurgical Works Krasny Oktyabr

Director in charge of Finance and Economics

07.2011

08.2014

OAO NPO Energomash Deputy Managing Director in charge of Economics and Finance

08.2014

up to now

RSC Energia Vice-President for Financial-Economic Activy

Participating interest in the issuer Charter capital: since 05.04.2016 – 0.00009%

Person’s share in the issuer common stock ownership: since 05.04.2016 – 0.00009%

Term of office in accordance with the Labor Agreement: unlimited

Eugeny Alexeyevich Yermakov (since 30.07.2015)Date of birth: 1984

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till08.2006 07.2011 OAO NPO Energomash Electrical engineer; power engineer: design

engineer, Category 2; Head of Office; Head of Department

08.2011 08.2011 ZAO Teplo, RSC Energia Deputy Director in charge of reconstruction and development

09.2011 01.2015 OAO NPO Energomash Chief power engineer, Deputy Chief engineer in charge of operation; chief power engineer

01.2015 02.2015 RSC Energia Chief power engineer02.2015 up to

nowRSC Energia Head of Department, Chief engineer

No participating interest in the issuer Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

Mikhail Viktorovich KomarovDate of birth: 1961

Education: higher, Candidate of Science (Engineering)

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All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till10.2007 12.2014 RSC Energia Personnel and Social Policy Director12.2014 up to

nowRSC Energia Vice-President for Personnel and Social Policy

Participating interest in the issuer Charter capital: 0.00009%

Person’s share in the issuer common stock ownership: 0.00009%

Term of office in accordance with the Labor Agreement: unlimited

Yelena Mikhailovna KorogodinaDate of birth: 1975

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till12.2009 02.2011 RSC Energia Deputy Chief Accountant02.2011 up to

nowRSC Energia Chief Accountant

Participating interest in the issuer Charter capital: 0.00009%

Person’s share in the issuer common stock ownership: 0.00009%

Term of office in accordance with the Labor Agreement: unlimited

Viktor Pavlovich Legostaev (till 08.01.2015)Date of birth: 1931

Education: higher professional education, Doctor of Science (Engineering), the RAS Academician, Professor

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till12.2009 08.2014 RSC Energia First Deputy General Designer in charge of

scientific activity, Chairman of Scientific-Technical Board

08.2014 08.01.15

RSC Energia General Designer

Participating interest in the issuer Charter capital: 0.00169%

Person’s share in the issuer common stock ownership: 0.00169%

Labor Agreement is terminated because of the employee being deceased

Arkady Leonidovich Martynovsky (till 25.02.2015)Date of birth: 1939

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

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Period Name of organization Job titlefrom till07.2007 up to

nowRSC Energia Vice-President for Construction

Participating interest in the issuer Charter capital: 0.00169%

Person’s share in the issuer common stock ownership: 0.00169%

Term of office in accordance with the Labor Agreement: unlimited

Mikhail Yurievich MerkulovDate of birth: 1960

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till09.1983 12.2014 Federal Security Service of

RussiaMilitary Man

12.2014 up to now

RSC Energia Vice-President for Security

No participating interest in the issuer Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

Eugeny Anatolievich MikrinDate of birth: 1955

Education: higher professional, Doctor of Science (Engineering), the RAS academician, professor

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till1991 03.2013 Bauman Moscow State

Technical UniversityProfessor, Chair of IU1, RST Department (as a sideline job)

09.2007 02.2014 Moscow Physico-Technical Institute (MFTI)

Professor, Chair of Motion Control (as a sideline job)

05.2010 12.2015 RSC Energia First Deputy General Designer, Chief Designer of onboard and ground control complexes and systems; Director of Scientific-Technical Center

03.2013 up to now

Bauman Moscow State Technical University

Holding the Chair, Professor; Chair of IU1 (as a sideline job)

02.2014 up to now

Moscow Physico-Technical Institute (MFTI)

Holding the Chair of Motion Control (as a sideline job)

12.2015 up to now

RSC Energia General Designer

Participating interest in the issuer Charter capital: 0.00383%

Person’s share in the issuer common stock ownership: 0.00383%

Term of office in accordance with the Labor Agreement: unlimited

Vladimir Yefimovich Osmolovsky (till 21.03.2016)

Date of birth: 1954

Education: higher

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All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till07.2009 03.2016 RSC Energia Senior Vice-President for Economics and

Corporate GovernanceNo Participating interest in the issuer Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited. Labor Agreement is cancelled since 21.03.2016

Nikolai Anatolievich Pirogov (since 09.11.2015)Date of birth: 1951

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till06.2001 01.2013 OAO NPO Energomash Deputy General Director, Director in charge of

Foreign Economic Activity; First Deputy General Designer, Director in charge of Foreign Economic Activity; General Director; Deputy General Director in charge of Foreign Economic Activity; Deputy Managing Director in charge of Foreign Economic Activity

01.2013 02.2015 OAO NPO Energomash Adviser to the First Deputy Managing Director, Chief Designer; Adviser to Managing Director on interaction with government bodies

02.2015 up to now RSC Energia Vice-President for interaction with government bodies

No participating interest in the issuer Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

Igor Sergeyevich RaduginDate of birth: 1953

Education: higher professional, Candidate of Science (Engineering)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till09.2010 09.2011 RSC Energia Deputy General Designer, Director of Scientific-

Technical Center09.2011 12.2014 RSC Energia First Deputy General Designer in charge of

Rocket-Space Complexes

12.2014 up to now

RSC Energia General Designer of Launch Vehicles

No participating interest in the issuer Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

Sergei Yurievich Romanov

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Date of birth: 1957

Education: higher professional, Candidate of Science (Engineering)

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till09.2007 07.2012 RSC Energia Deputy General Designer, Director of Scientific-

Technical Center07.2012 12.2014 RSC Energia First Deputy General Designer, Head of Project

Management Office03.2014 10.2015 ZAO ZEM RSC Energia General Director (as a sideline job)12.2014 up to

nowRSC Energia General Designer of Manned Space Complexes

Participating interest in the Corporation Charter capital: 0.00133%

Person’s share in the issuer common stock ownership: 0.00133%

Term of office in accordance with the Labor Agreement: unlimited

Viktor Ivanovich RykovDate of birth: 1956

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:

Period Name of organization Job titlefrom till02.2011 08.2014 OAO NPO Energomash Deputy Managing Director in charge of Security09.2014 12.2014 RSC Energia Vice-President for Security and Personnel12.2014 up to

nowRSC Energia Vice-President for Control-Auditing Activity

No Participating interest in the Corporation Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

Sergei Anatolievich SaperovDate of birth: 1968

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:Period Name of organization Job titlefrom till02.1999 05.2012 Moscow Regional Bar Association Lawyer05.2012 09.2014 Served in Counsel’s Office No.

1958, the Register of counsels’ establishments, Moscow Region

Lawyer

09.2014 up to now

RSC Energia Vice-President for organization-legal issues

No participating interest in the Corporation Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

Vladimir Lvovich Solntsev (Chairman)

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Information is given in Section “Single-Member Executive Body”

Vladimir Alexeyevich SolovyovDate of birth: 1946

Education: higher professional, Doctor of Science (Engineering); RAS corresponding member, professor

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:Period Name of organization Job titlefrom till09.2007

up to now

Bauman Moscow State Technical University

Holding the Chair

03.2009

up to now

RSC Energia First Deputy General Designer in charge of Flight Operation, tests of Rocket-Space Complexes and Systems

Participating interest in the issuer Charter capital: 0.02109%

Person’s share in the issuer common stock ownership: 0.02109%

Term of office in accordance with the Labor Agreement: unlimited

Igor Vladimirovich FrolovDate of birth: 1978

Education: higher

All positions taken by this person in the Corporation and other organizations over the last 5 years, including sideline jobs:Period Name of organization Job titlefrom till03.2009 09.2014 RSC Energia Head of Division09.2014 12.2014 RSC Energia First Deputy General Designer12.2014 up to

nowRSC Energia General Designer of Unmanned Space Complexes

and SystemsNo participating interest in the Corporation Charter capital/no common shares in possession

Term of office in accordance with the Labor Agreement: unlimited

The Corporation has no stock options which could be used by the persons in the membership of the Corporation managerial bodies to acquire the Corporation shares

7.4.5. Provision on remuneration of the Corporation executive bodies members

According to the Corporation President’s order No. 74/DSP of 27.02.2013, the Procedure for Remuneration Payment to RSC Energia Board of Management Members was approved and put into effect since 01.01.2013. The Procedure determines that RSC Energia Board of Management members may receive bonuses for their work in the Management Board. There is no fixed remuneration for work in the Management Board.

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7.4.6. Information about remuneration paid to the Corporation executive bodies members

Amounts of payments under the Labor Agreements (Contracts) to the Management Board members and the Corporation President in 2015 totalled 154 913,9 thousand rubles, including the bonuses on different grounds for the amount of 24 405,9 thousand rubles. No remuneration for taking part in the Management Board activities was paid to its members in the accounting year.

No property was granted to the Management Board members for the accounting period, except for the payments under the Labor Agreements entered into with RSC Energia employees on the staff. No other agreements on remuneration payments to the Management Board members have been concluded for the current fiscal year, with the exception of the payments under the Labor Agreements entered into with RSC Energia regular staff.

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8. EQUITY CAPITAL

8.1. Equity capital structure

RSC Energia Charter capital amounts to 1 123 734 000 rubles and consists of 1 123 734 common shares with a nominal value of 1 000 rubles each.

The number of RSC Energia’s authorized stock totals 250 000 shares.At the present time, the Corporation doesn’t have at its disposal:

additional shares which can be placed or in the process of being placed; shares which became available (listed in the fixed assets) to the Corporation; extra shares which can be placed as the result of conversion of placed securities to

be converted into shares or as the result of the Corporation options commitments performance.

Corporation shareholders number as on 31.12.2015

Total number of shareholders, including: 8 346

legal persons (including nonresidents) 19

natural persons (including nonresidents) 8 326

nominee shareholder 1

81

Corporation Charter capital structure

Legal persons – owners: 58,86% (661 433 shares)

Legal person – nominee shareholder: 32,6% (366 350 shares)

Natural persons: 8,54% (95 951 shares)

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Shareholders whose stake in the Corporation charter Capital is more than 2%

OAO URSC: 38,22% (429 497 shares)

AO IK “Razvitiye”: 17,43% (195 825 shares)

ZAO ZEM RSC Energia: 3,17% (35 604 shares)

NKO ZAO NRD: 32,6% (366 350 shares)

Other shareholders: 8,58% (96 458 shares)

*Information about stakes in equity ownership higher than 2% (except for those disclosed in the Annual Report) is not available in the Corporation.

Information about the shareholders whose stakes in the Corporation Charter capital is more than 2% and whose shares are put on the record to nominee

shareholder’s (NKO ZAO NRD’s) account

Total number of shareholders who possess less than 2% of the stock: 5,45% (61 248 shares)

OOO Management Company “Agana”: 12,71% (142 816 shares)

ZAO Lider (Pension Fund Assets Management Company): 12,41% (139 418 shares)

QUORUM FUND LIMITED: 2,03% (22 868 shares)

Since 09.06.2014, RSC Energia’s shares are traded in the Third Tier of the List of Securities allowed for sale by tender of ZAO FB MMVB.Information about the state of the Corporation shares market is available on official Web site of Moscow Stock Exchange moex.com (ticker tape message RSC Energia – RKKE)

8.2. Dividend Policy

RSC Energia dividend policy is based upon the balance of interests between the Corporation and its shareholders in determining size of dividend payouts; efforts to increase investment attractiveness of the Corporation and its capitalizing; respect and strict observance of the rights of shareholders provided for by the Russian Federation active legislation, the Corporation Articles of Incorporation and its By-Laws.

Declaring dividends and their payouts are carried out in accordance with Federal Law “On Joint-Stock Companies” as well as in line with the Board of Directors resolutions.

In accordance with the Russian Federation President’s Decree No. 874 of December 2, 2013 “On Rocket-Space Industry Management System”, in order to improve rocket-space industry enterprises management system, the Corporation shares in state ownership of the Russian Federation (38.22 %) were made the Russian Federation contribution to the Charter capital of open joint-stock company “United Rocket-Space Corporation”. In view of this fact, after 23.09.2014, the Corporation dividend policy was based upon respective dividend policy pursued by OAO URSC.

Corporation dividend history over the 2011-2014 period

2011 2012 2013* 2014Period for which dividends are paid

full year full year full year full year

Control body that passed a resolution to declare dividends

General Shareholders’

Meeting

General Shareholders’

Meeting

General Shareholders’

Meeting

General Shareholders’

MeetingDate of holding General Shareholders’ Meeting

23.06.2012 06.07.2013 14.01.2015 27.06.2015

Date on which the List of persons entitled to get dividends for a given dividend period was drawn up

04.05.2012 27.05.2013 03.02.2015 As no net profit was reported by the

Corporation performance in 2014, the date on

which the List of persons entitled to get dividends

had been drawn up, was not fixed

Date of making up General Shareholders Meeting Minutes and their number

27.06.2012 No. 24

10.07.2013 No. 25

16.01.2015No. 28

30.06.2015No. 29

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2011 2012 2013* 2014Category (class) of

sharescommon common common common

Size of declared dividends on this category (class) of shares per share, rubles

280 172 95 General Shareholders’ Meeting resolved that no

dividends on the Corporation shares by the 2014 performance were to be calculated and paid as there had

been no net profit earnedSize of declared dividends in the aggregate on all shares of a given category (class), thousand rubles

314 645,5 193 282,2 106 754,7 (including tax

amounts 4 769,0)

0

Source of the declared dividends payment:

Net profitfor 2011

Net profitfor 2012

Net profitfor 2013

No net profitfor 2014

Share of the declared dividends in net profit for the accounting year, %

25.26 25.47 25.65 0

Total size of dividends paid on all issuer shares of one category (class), thousand rubles

314 475,7 193 178,2 101 928,4**(net of taxes)

No dividends by the 2014 performance of the Corporation were

calculated and paid as there had been no net

profit earned Share of the dividends not received by addressees, %Reasons:- stale data in legal persons payment details;- shareholders not available at the addressees indicated in questionnaires;- no mail transfers are made with certain countries where some of the shareholders – natural persons (nonresidents) are registered;- incorrect particulars for payment stated by the shareholders

0.05 0.05 0.05 −

Time allowed for payment of declared dividends on shares

till 21.08.201

2

till 04.09.2013

- for nominee shareholder and professional securities market participant, trustee entered in the Register of Shareholders – till 17.02.2015;- for other persons entered in the Register of Shareholders – till 12.03.2015

−

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* At the annual General Shareholders’ Meeting held on 12.07.2014. (Minutes No. 26 of 15.07.2014), no decision was taken on RSC Energia’s profits allocation by the 2013 performance of the Corporation. Relevant decision was taken at extraordinary General Shareholders’ Meeting held on 14.01.2015 (Minutes No. 28 of 16.01.2015).** As on the date of 31.12.2015.

8.3. Information about distribution and disposition of the profit earned by the 2013 performance in 2015

No net profit was obtained in 2014 by the Corporation performance.

In accordance with the resolution adopted at the extraordinary General Shareholders’ Meeting held on January 14, 2015, net profit earned by the Corporation performance in 2013 for the amount 416 218,0 thousand rubles was distributed as follows:

dividends payouts in the amount of 106 754,7 thousand rubles (25.65% of net profit volume) calculated on the basis of 95 rubles per common share;

no cash payments were allocated to Reserve Fund (Reserve Fund is already set up); 306 201,7 thousand rubles (73.57% of net profit volume) were allocated to Investment

Fund. Amount totalling 3 261,6 thousand rubles (0.78% of the net profit volume) was

allocated for payment of remuneration by the 2013 performance of the Corporation to its Board of Directors and Management Board members.

Appendix 2 to the Annual Report gives a detailed information about disposition of the net profit earned by the Corporation in 2013.

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9. INTERNAL CONTROL AND RISK MANAGEMENT

9.1. Description of the key risk factors associated with the Corporation activities

Information about possible circumstances which can hamper progress of the Corporation business (legal, financial, industry risks, country and regional risks; risks associated with the Corporation operation).Risks related to acquisition of issuing securities placed.Investments in the Issuer securities involve a certain degree of risk. In this connection, in taking investment decisions, potential investors shall thoroughly study the risk factors given below. In addition, provisions of this paragraph do not take the place of own analysis of investment risks on the part of shares acquirers. The Issuer cannot guarantee that the risk factors to be determined are complete and exhaustive to take a decision on acquiring the Corporation shares.

In the course of its activity, RSC Energia is running a considerable risk of being affected by current political, economic situation and the situation on the Russian Federation financial markets. In case of being exposed to one or more risks considered below, the Corporation will undertake all possible measures to minimize their negative effects.

In order to reduce some of the risks to the extent possible, the Corporation undertook some protective measures having to do more with implementation of the main production program of the Corporation (in particular, insurance against some risks is common).

In the course of its operation, RSC Energia considers both internal and external factors associated with economic and political trends, the situation existing on space services market and other risks, character and level of which do not fall under immediate control of the Corporation. Risk control function is distributed in the Corporation, i.e. risks identifying and analysis; taking and implementing decisions required to counteract/minimize risks effects are performed by top managers in charge of respective areas of responsibility:

o economic risks are managed by Senior Vice-President for Economics and Corporate Governance; Vice-President for Financial-Economic Activity, Project managers;

o technical risks are considered by General Designer, general designers in charge of core business activities;

o technological risks are undertaken by the Corporation Chief Engineer, the management of the main technological entity, ZAO ZEM RSC Energia;

o legal risks are dealt with by Vice-President for organization – legal matters, etc.

When responsible top manager does not have enough authority for decision taking or risk may affect several lines of activity, the Board of Management and RSC Energia President are to be involved.

Space industry risksAt the present time, demand for space services (both manned and unmanned) on the world market is gradually increasing. After closure of the Space Shuttle Program, Russia dominates on the manned flights market. The demand for RSC Energia – made manned transport space vehicles such as the Soyuz and cargo vehicles Progress from a near-term outlook (throughout ISS operational use as a minimum) is expected to be stable. It is determined by the need to meet international commitments by Russia to deliver crew members and cargoes to support the ISS operation (including fuel supply).

In 2015 the US Space Agency NASA was capable to provide cargo traffic and return cargoes from the ISS via cargo space vehicle Dragon, as well as cargo space vehicle Cygnus. Therefore, cargo traffic by means of Progress space vehicles has been somewhat reduced.

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Steady demand is expected for the Corporation activities on the ISS utilization and purpose-oriented use, including international projects for Earth and space exploration from the ISS; building new ISS elements; advanced developments in the field of manned cosmonautics, including development of an advanced manned transportation system and long-term programs of deep space exploration. These plans are detailed in Draft Federal Space Program of Russia for the period from 2016 through 2025.

As the US commercial companies continue to implement their plans for building manned space vehicles, Russia’s dominance on the manned space flights market will not be held for a long time (according to the forecasts). Prospects for further development of Russian manned cosmonautics, including transport space vehicles, depend upon building a new generation manned transport vehicle.

The Corporation has no competitors in this area on the home market.

The main competitors of the Corporation in cargo delivery to the ISS and back are two commercial unmanned logistics vehicles developed under NASA’s order within the Commercial Orbital Transportation Program (COTS). These vehicles are Cygnus made by the Orbital Sciences Corporation whose pioneer commercial flight took place in January - February 2014; Dragon developed by the SpaceX which has been flying to the ISS with payloads since October 2012.

Under the NASA/SpaceX Contract, it is planned that Dragon vehicles will deliver cargoes and later (after 2017) astronauts to the ISS.

Moreover, the SpaceX (manned modification of Dragon vehicle) and the Boeing (CST – 100 space vehicle) concluded next contract with NASA in September 2014 under the commercial manned vehicles development program. The above space vehicles are to perform first trial manned space flights to the ISS in 2017. Should they be successful, they will be granted special certificates authorizing to perform scheduled flights to the ISS.

With a systematic improvement of Chinese manned space vehicle «Shen Chzhou» and building Chinese national orbital station «Tyangun», the risk of a reduced demand for Russian manned space vehicles without their technical and cost characteristics being improved will significantly increase on the world market too.

One of the most critical factors determining space industry risks is cost of an orbital flight per man as well as cost of mass unit orbital insertion and payload volume unit orbital insertion.

For the Corporation space industry risks are associated with an increase in the product cost and the ratio between dynamics of this increase and world analogues.

The Corporation is also running the risk of restrictions being imposed while cooperating with foreign customers and suppliers of completing items, electronic components and materials due to the sanctions introduced by European Union and the USA relative to Russia. Therefore, the need may arise to undertake additional efforts to replace foreign-made completing items. Risks may increase due to economic problems that related enterprises traditionally involved in cooperation with RSC Energia are faced with.

At the present time, demand for space services using unmanned spacecraft on the Russian and world markets tends to grow steadily (satellite services market is the largest on the world space market).

In so doing, there is a certain risk of potential lag in technology of national SC manufacturers which is due to some extent to insufficient quantity of electronic components and materials with the required performance made in Russia.

The most critical factors determining space industry risks on the world market for unmanned spacecraft manufacture are the following:

Keen competition among major manufacturers of spacecraft on the world market;

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new world players from the countries with high rates of economic growth (such as China, India, Japan) entering the market of unmanned spacecraft manufacture and launch;

political instability in some developing countries which create potential market for the Corporation products and services;

trend towards integration of the world space services market into common open free partnership for space services and technologies manufacture and application.

Also it is worth noting that there is robust competition among national manufacturers of spacecraft such as OAO Information Satellite Systems after academician M.F. Reshetnev, GNPRKTs TsSKB-Progress, FSUE Scientific and Production Association after S.A. Lavochkin, etc.

In order to prevent possible negative consequences of space industry risks, RSC Energia pursues an active scientific-technical policy of participation in the RF Federal Space Program, conducts continually search for potential Russian and foreign customers of satellites and foreign partners interested in advanced space technologies.

RSC Energia gives great attention to research and development activities on improvement and mastering new technologies for building unmanned spacecraft.

Work is currently underway for building a new modification of multipurpose space bus.

In order to master and introduce advanced technologies in designing and manufacturing of SC for different applications, the RSC Energia extends cooperation with the leading European company Airbus Defence & Space, including cooperation within joint venture “Energia-Satellite Technologies (OOO Energia SAT).

As to RSC Energia-made the Dm-type Upper Stages which are operated with Proton and Zenit launch vehicles, the Corporation competes with Russian manufacturers of such Upper Stages as FSUE GNPTs after M.V. Khrunichev (the Briz-M Upper Stages which are operated with Proton-M launch vehicle) and FSUE NPO after S.A. Lavochkin (the Fregat-SB Upper Stages which are designed to operate with Zenit and Soyuz launch vehicles). The Corporation, therefore, is busy all the time with efforts to improve and upgrade technical and operational characteristics of the DM-type Upper Stages which present, by current estimates, one of the best choices worldwide in energy efficiency, accuracy in delivery of «heavy» payloads and SC to desired high-energy orbits/flight courses.

Country and regional risksCore activities of the Corporation are concentrated in Russia.

The enterprise operation can be impacted by risks associated with instability on world markets as a whole and its adverse effect on national economy, industry, financial system. Risks mitigation factor is the political situation nationwide remaining stable.

The corporation does not forecast adversely changing situation in Russia which could affect economic position of the Corporation and its business in the immediate future. However, one must not rule out a possibility of economic destabilization in the country related to mounting crisis on financial markets or a sharp decline in oil and gas prices; aggravation of international, military, political and economic situation due in part to the events taking place in the Ukraine and Syria.

The Corporation is registered and conducts its activities in dynamically developing region, namely Moscow Region, which is one of the most promising regions of Russia, with fast-growing economy. Moscow Region is an economically stable area.

Geographic features of the region account for extremely low risks of exposure to disasters (including hurricanes, floods, earthquakes, etc.). The region is located in the central part of the Russian Federation where transportation is well developed. Moscow region is connected via motor, railway and air transport with all Russian regions, as well as all countries, which

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entirely excludes the risk of possible termination of transportation due to remoteness of the city and/or its being difficult of access.

Moscow Region is regarded as one of the most politically stable areas which does not border directly upon zones of warfares, as well as the regions, in which there is a high probability of introducing state of emergency.

However, being aware of current international situation, we cannot rule out the risks associated with attempts to commit terrorist acts by extremist groups.

At the same time, geographical remoteness of the Corporation from sites of vehicles prelaunch processing on Processing Facility and Launch Complex of cosmodromes (including Baikonur Cosmodrome) determines arising of risks of the Corporation property loss and damage during its transportation to point of destination. The Corporation provides for insurance against these kinds of risks.

Due to the fact that the Corporation conducts its activities on the territory of the Republic of Kazakhstan (Baikonur Cosmodrome), impact of country risks associated with unfavorable development of political and economic factors on interstate relations is possible. However, the agreement concluded between Russia and Kazakhstan on the use of Baikonur Cosmodrome up to 2050, as well as Common Economic Space allow to assess risk like that as insignificant. The Parties do their best to create necessary conditions for a steady economic development of the member states; provide (among other things) coordinated state backing of their priority industries and works; pursue agreed customs policy; develop united transportation systems.

Due to the fact that the Corporation is involved in a number of projects for foreign customers located in African countries, unstable political situation in the above region might have an adverse effect on the Corporation operation. These risks are insured as well.

Financial risksInflation risks, changes in exchange rates and interest rates on credits affect RSC Energia operation and its financial stability, as well as size of proceeds of the sale of goods (works, services) and profit.

Inflations risks

Change in the consumer price indices resulting in costlier products and materials used in economic activities can affect adversely the size of net profit earned from the entire operation of the Corporation in case that there is no compensatory component in prices of products to be purchased or sold.

Although RSC Energia managed to maintain profitability of its operation even with a considerable increase in consumer market prices level, no one can guarantee that possible increase or decrease in consumer market prices will not result in reduced profitability level in the future.

As forecasted by the Russian Federation Central Bank (RF CB), inflation expected in 2016 may increase up to 16.7%.

Exchange rate changes risks

Exchange rate risks are important for RSC Energia due to the fact that the Corporation is the exporter as well as the importer of science-intensive and high-technology products.

Value dating of the contracts entered into with foreign counterparts is carried out in US dollars and Euros; therefore, this is not to its advantage to have their high rates of exchange to ruble.

As things stand now, volume of foreign trade contracts has reduced; therefore, risks of exchange rate changes affect insignificantly the results of the Corporation financial economic activity.

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Interest rate risks

As the Corporation experiences shortage of financial resources, the enterprise is active in borrowing to comply with the terms of state contracts, commercial projects and conduct business activity.

From 2013 through 2015, debt financing within credit facilities was performed at the rates lower than market interest rates.

However, possible actions of the RF CB aimed to change refinancing rate and key interest rate towards their increase could adversely affect the entire operation of the Corporation and its financial indicators, because the enterprise is active in borrowing to proceed with its activities.

In case of arising the above mentioned risks, RSC Energia will take action to minimize adverse effects. However, it should be realized that protective measures may become not very efficient due to uncertainty in geopolitical situation unfolding, high volatility of currencies, unstable situation on both foreign and domestic financial markets.

Legal risksRange of the Corporation legal risks includes the following: risks of losses due to potential illegitimacy of transaction or its improper documentation; infringement of codes and rules of doing business; risks of the party concerned handling a transaction with insufficient authority thereto; risk of lawsuit court judgement duration and costs which involve negative property consequences for the Corporation; risk of taking inadequate or incorrect legal advice; legally unsettled problems and situations arising in the course of the Corporation operation; risk of changing current legislation. In order to minimize the abovementioned risks, the Corporation arranged the process of submission of transactions for approval which includes mandatory agreeing on all transactions with the organization-legal department.

One of the most important components of legal risks is tax risk. One of the peculiarities of the Russian legislation on taxes and charges is its continuous changeability. The laws making amendments to the Russian Federation Tax Code with respect to changes to specific tax calculation and payment procedure are passed annually. This adds complexity to making medium-term and long-terms forecasts for taxpayer activity, complicates tax planning as a whole. Instability of tax regulations exposes the Corporation to risk of being charged and having to pay rather high penalties and fines, despite its intention to operate in strict compliance with the legislation, as well as can lead to an increase in tax burden as a whole.

Corporation continues to carry out an analysis of amendments to existing tax legislation with the aim to reduce tax risks.

Changes in the rules of custom clearance can have a definite, rather significant effect on the Corporation operation, especially due to Russia admission to WTO.

During the accounting period, there has not been significant changes in the rules of custom clearance which could increase risks of the Corporation in this area.

The Corporation participates in foreign economic relations; part of its liabilities are expressed in foreign currency; therefore, it is exposed to the risks associated with exchange adjustment change. The process of foreign exchange legislation liberalization is currently underway; significant changes in exchange adjustment rules were not observed during the accounting period; in this connection, these risks are regarded as low.

Changes in the requirements for licensing of the Corporation core business could result in some additional expenses of the Corporation related to getting a new license, extension or change of the license already available; however, the Corporation forecasts the risk of occurring such events as unlikely. RSC Energia meets all license requirements established by active legislation in due time and in full volume; no difficulties whatsoever in extending validity of the available licenses are forecasted by the Corporation.

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During the accounting period, no changes in judicial practice on the matter related to the Corporation operation (including licensing problems) which could adversely impact the Corporation performance, as well as the results of current legal proceedings, in which the Corporation is involved, have taken place. Legal risks associated with changes in the judicial practice on the matters concerning the Corporation operation which could adversely impact its performance are regarded as minimal.

Appendix 12 to the Annual Report provides information about ongoing court proceedings where the Corporation acts as a plaintiff or defendant on debt claim.

Risks related to the Corporation operationPossible loss of customers, turnover with which accounts for at least 10% of the total proceeds of the issuer products (work, services) sale, is insignificant, because during the five complete fiscal years the Russian Federation has been such a customer, in the name of which Federal Space Agency acted, and the Corporation activities were included in the 2006-2015 Federal Space Program. In 2016 Public Corporation ROSCOSMOS was transferred the state customer’s functions, while RSC Energia’s activities are conducted under the 2016-2025 Federal Space Program approved by the Russian Fedration Government in March 2016.

In addition, the Corporation activities are covered by the RF Federal Space Program for a period from 2006 through 2015 and draft Federal Space Program for a period from 2016 to 2025.

Since October 1, 2014 amendments to the Russian Federation Civil Code concerning Section VII of Chapter 4 “Rights to Intellectual Property Results and Means of Individualizing”, introduced by Federal Law No.35FZ of 12.03.2014 have become effective. No significant risks associated with the amendments made exist for the Corporation.

The Corporation liability for debts incurred by its subsidiary companies may arise in accordance with the RF current legislation. In accordance with the Russian Federation Civil Code provisions and provisions of the Federal Law “On Joint-Stock Companies” No 208 of 26.12.1995, shareholders of Russian joint-stock company are not liable for commitments (debts) of its subsidiary companies and are only running the risk of their investments loss. However, in some cases specified by legislation when “the parent company” is in a position to define decisions to be taken by “the subsidiary company”, “the parent company” may be brought to joint responsibility or subsidiary liability. Accordingly, RSC Energia as the parent company of the subsidiary companies, in which RSC Energia owns more than 50% of the Charter capital and has the right to give binding instructions, may become liable for their debts. Performance of similar obligations may affect adversely the Corporation performance. However, taking into account absence of legal proceedings in which the Corporation acts as the defendant on liabilities incurred by subsidiary, affiliated and other companies, the Corporation does not find materiality criterion in the risks related to occurrence of liability for third persons debts, including its subsidiary companies.

Corporation manufacturing activity involves a possibility of causing damage to environment and risk of civil responsibility arising from it due to expenses on efforts to be made to repair such damage.

In order to mitigate such risks, the Corporation monitors all manufacturing processes with the aim to adhere to the corresponding environmental protection standards throughout all phases of its activity; implements measures to ensure environmental protection and mitigate environmental impact. The Corporation is granted the Ecological Certificate of Conformance, registration number SER(2062) – G – 24/OS – 61, date of issue – 05.06.2014, issued by OOO NVTs “Ecosafety” of the Russian Federation Ministry of Natural Resources and Ecology, effective period is up to 04.06.2017 as well as license for conducting activity for

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decontamination and disposal of waste products with I-IV class of Hazard (issued by Federal Nature Management Supervision Service).

Besides, the Corporation provides insurance against risks of damage to third persons and environment during operation of hazardous production facilities in compliance with the requirements of active legislation.

Information about the Corporation investments whose level of income is expected to be higher than 10% per annum, with stated objective and amount of capital invested, as well as source of funds There are no investments with an expected income level higher than 10%.

9.2. Internal control

Internal control is a continuous process in which key managerial bodies and separate organization departments are involved in accordance with the powers they are vested with and set forth in respective constituent and in-house documents.

Control over financial-economic activity of the Corporation is executed by the Auditing Committee, the Committee on Audit at the Board of Directors, Internal Audit Department and RSC Energia Auditing Office.

Multilevel system of internal control

Overall, these bodies form a multilevel system of internal control which ensures reliability and faithfulness of records; compliance with the legislation requirements; safety of assets, as well as facilitates making good progress and efficiency in the Corporation operation.

Auditing Office is part of internal control system, vested with powers and provided with the required personnel and technical resources in order to bring under control civil-legal transactions effected by the Corporation and its subsidiary companies; assessment of counterparties’ trust worthiness; meeting the commitments based upon the above transactions, as well as use and disposal of property and other assets.

The Auditing Office is directly subordinate to the Vice-President for control-auditing activity of the Corporation and conducts its activity according to his directions. That is why the Office maintains relative independence in performance of its functions.

Major objectives of the Auditing Office are:

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GENERAL SHAREHOLDERS’

MEETING

AUDITING COMMITTEE

BOARD OF DIRECTORS

COMMITTEE ON AUDIT AT THE BOARD OF DIRECTORS/

INTERNAL AUDIT DEPARTMENT

CORPORATION PRESIDENT

AUDITING OFFICE

management on a continuous basis of progress in execution of state contracts and agreements concluded by the Corporation and its subsidiary companies in a accordance with Federal Law No. 44-FZ of 05.04.2013, as well as within the framework of state defence order;

revealing unlawful activity which causes and may cause damage to the Corporation and its subsidiary companies interests, including corruption, restriction of competition and violation of legislation on state defence order;

organizing and launching official investigations, conducting control-auditing activity with respect to particular departments of the Corporation and its subsidiary companies engaged in financial-economic activity in order to check its legitimacy, correctness, expediency and efficiency;

assessment of trustworthiness of counterparts, with due regard for the Corporation adherence to the principles of “due diligence”;

performance of information-analytical work when concurring agreement, contract and purchase documentation; invoices for purchasing goods, jobs, services, financial estimates for conducting repair-construction work; certificates of work completed in order to reveal the circumstances which could cause economic damage to the Corporation.

The existing system of control over the Corporation financial-economic activity is to ensure investors’ confidence in the Corporation and its managerial bodies. Control like that is aimed to protect the shareholders’ investments and Corporation assets.

9.3. Internal audit

Internal Audit Department (subsequently referred to as the IAD) is functionally subordinate to RSC Energia’s Board of Directors and interfaces with the Committee on Audit at the Board of Directors during performance of its duties.

IAD activity is governed by the Internal Audit Department Regulations approved by the Board of Directors’ decision (Minutes No. 8 of 25.03.2014). Progress reports are submitted to the Board of Directors and its Committee on Audit. In accordance with the Internal Audit Department Regulations, the first concern of the IAD is to ensure an independent impartial audit and making recommendations to increase efficiency in the Corporation operation at the expense of a unified, systematized and consistent approach to an assessment to and improved efficiency in internal control, risk and corporate management.

The main objectives of the IAD are:

- audit of the Corporation and Subsidiary and Affiliated Companies’ financial and economic activity with respect to an efficiency in management decisions taken, internal control system; risk management;

- audit of the Corporation and Subsidiary and Affiliated Companies’ management system;

- audit of the Corporation and Subsidiary and Affiliated Companies’ internal control system;

- risk assessment of the Corporation and Subsidiary and Affiliated Companies;

- audit of risk management system as applied to the Corporation and Subsidiary and Affiliated Companies;

- control over elimination of the infringements revealed in the course of internal audit and implementation of respective recommendations made;

- drawing up and timely update of internal audit regulatory and procedural documents. Taking part in the development and updating of regulatory and procedural documents on the system of the Corporation and Subsidiary and Affiliated Companies’ management as a whole, as well as separate subsystems, business processes, internal control system, risk management system.

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9.4. Information about the Corporation Auditing Committee

Auditing Committee is elected every year at annual General Shareholders’ Meeting and carries out control over RSC Energia financial-economic activity.

Major objectives set by the Auditing Committee are:

inspection of the Corporation financial documentation, bookkeeping reporting, property inventory reports, comparison of the above documents with primary accounting data;

checking the accuracy and completeness of bookkeeping, fiscal accounting, cost accounting, statistics;

verification of the accuracy in implementing profit-distribution decisions taken at RSC Energia over accounting fiscal year;

checking the accuracy of and promptitude in payments to the budget and off-budget funds;

confirmation of the accuracy of data to be included in the Corporation Annual Report, annual bookkeeping reporting, reports for taxation bodies, statistical bodies, bodies of state administration and control;

checking of compliance with the legislation established procedure for effecting large deals and interested-party transactions;

checking decisions taken by the Corporation managerial bodies on financial-economic activity for its compliance with the legislation in force, the Articles of Incorporation and other bylaws of the Corporation.

9.5. Membership of RSC Energia Auditing Committee during the accounding year

Membership of RSC Energia Auditing Committee from 27.06.2015 up to now*:

1. Andrei Vladimirovich Ardeev Head of Department, Chief Analyst, ZAO Lider

2. Konstantin Vladimirovich Vakulin

Chief Auditor, Corporate Governance Department, ZAO Lider

3. Anastasia Igorevna Vyaznik Head of Line Activity, Economic Department, URSC

4. Valery Vladimirovich Kardanov

Director of Economic Department, OAO URSC

5. Marina Yurievna Kiseleva Head of Property Management Department, RSC Energia

6. Aleksandr Borisovich Kosenko

Head of Office, RSC Energia

7. Yekaterina Pavlovna Polezhaeva

General Counsel, RSC Energia

8. Anastasia Olegovna Gaiduk (Solomatina)

Deputy Director of Department, OAO URSC

9. Dmitry Nikolayevich Chirkin Chief Accountant, Public Corporation ROSCOSMOS

* Positions of the Corporation Auditing Committee members are presented as on 31.12.2015.

Membership of RSC Energia Auditing Committee from 12.07.2014 through 27.06.2015

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1. Viktor Vasilievich Ashurkov Head of Department, FSA

2. Sergei Anatolievich Barinov Deputy Head of Office, Federal Property Management Agency

3. Vitaly Vasilievich Bulatov Finance Director, OAO Indeks-XX

4. Polina Yurievna Grishina Partner, United Experts Group

5. Lyudmila Valerievna Yeliseeva

Chief Accountant, RSC Energia

6. Marina Yurievna Kiseleva Head of Department, RSC Energia

7. Mikhail Nikolayevich Petrov Deputy General Director, ZAO ZEM RSC Energia

8. Oleg Yurievich Pleshakov Deputy Head of Office, Roscosmos

9. Yekaterina Pavlovna Polezhaeva

General Counsel, RSC Energia

9.6. Remuneration paid to the Auditing Committee members in 2015

Provision on Remuneration and Compensations to be paid to RSC Energia Auditing Committee members is approved at annual General Shareholders’ Meeting held on 06.07.2013.

No remuneration is paid to the Auditing Committee members who are government officials.

Remuneration paid to the Auditing Committee members in 2015At the annual General Shareholders’ Meeting of the Corporation held on July 27, 2015 (Minutes No. 29 of 30.06.2015), it was resolved that remuneration should be paid to the following members of RSC Energia Auditing Committee by the 2014 performance of the Corporation up to the amount of 345,9 thousand rubles, its being allocated as follows:

A.V. Ardeev 33 thousand rubles

V.V. Bulatov 45,6 thousand rubles

P.Y. Grishina 29,7 thousand rubles

P.Y. Dubrovin 39,6 thousand rubles

L.V. Yeliseeva 79,2 thousand rubles

M.Y. Kiseleva 39,6 thousand rubles

Y.P. Polezhaeva 79,2 thousand rubles

It was resolved to pay remuneration to the Auditing Committee members by the 2013 performance of the Corporation at extraordinary General Shareholders’ Meeting held on January 14, 2015 (Minutes No. 28 of 16.01.2015). In accordance with the resolution passed at that meeting, size of remuneration for its members was as follows:

A.V. Ardeev 33 thousand rubles

P.Y. Dubrovin 33 thousand rubles

L.V. Yeliseeva 33 thousand rubles

Y.P. Polezhaeva 33 thousand rubles

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10. ADDITIONAL INFORMATION10.1 Information about the auditor which carried out independent auditing of bookkeeping reporting (financial statements) of the Corporation for 2015 according to the RAS

Full firm’s name: Closed Company «EchLBi PACC-Audit»Shortened firm’s name: ZAO «EchLBi PACC-Audit»Place of business: 25-27/2 B. Yakimanka Street, 109180.Mailing address: Office 701, 12 Krasnopresnenskaya embankment, Moscow, 123610.TIN: 7706118254MSRN: 1027739314448Telephone: (495) 967-0495Fax: (495) 967-0497E-mail address: info@vneshaudit.ruData on the auditor membership in self-regulating auditing organizations:Full name: Non-commercial partnership «Institute of Professional Auditors» Information about license for work associated with state secret:License number: RT № 0071407Registration number 24687 dated 10.04.2014Issued by Russian Federation Security Service Administration of Moscow and Moscow Region.Term of license validity: till 12.12.2017.

10.2 Information about the organizations keeping records of the rights to RSC Energia outstanding securitiesPerson who maintains the register of the Issuer registered securities holders: RegistrarFull firm’s name of the Registrar: Close Company «Specialized Registrar – Holder of the Gas Industry Shareholders’ Register», branch of ZAO SR-DRAGa in Korolev.Shortened firm’s name: ZAO SR-DRAGa (DRAGa-Korolev)Place of business: 71/32 Novocheryomushkinskaya Street, Moscow, Russia, 117420Branch address: 4A Tsiolkovsky Street, Korolev city, Moscow Region, Russia, 141070Tel.: (495) 513-88-54Fax: (495) 513-88-53License number: 10-000-1-00291Date of issuing license: 26.12.2003License term of validity: unlimitedBody granting license: FSFR of Russia

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Glossary

Abbreviations and acronyms used in the Annual Report

Abbreviation Meaning

COTS Commercial Orbital Transportation Services

CRS Commercial Resupply Services to deliver cargoes to the ISS

DLR German Aerospace Center (Deutsches Zentrum für Luft- und Raumfahrt)

ESA European space agency

FROB Failure Review Oversight Board

IAC International Astronautical Congress

ISS ECST An interagency team established to study the opportunities the ISS offers for further space exploration

JAXA Japan Aerospace eXploration Agency

MOU Memorandum of Understanding with Nano Racks

NASA National Aeronautics and Space Administration

PC Propulsion compartment

WS Workstation

USOS US Orbital Segment

WCS Waste collection system

ACS MP Automated control system for manufacturing processes

APAA Active phased array antenna

AFD Antenna and feeder device

OE Onboard Equipment

FE Flight Engineer

BICS Ballistic Information and Computation System

PCDMU The unit to monitor pressure and contaminants deposition

RV Reentry vehicle

EVA Extravehicular activities

WTO World Trade Organization

HWSS Hot water supply systems

LOCT Lead Operations Control Team

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GLONASS GLObal NAvigation Satellite System

ERS Earth Remote Sensig

S&A Subsidiaries and Affiliates

VHI Voluntary Health Insurance

DSPS Sensor of surface properties of devices

IUOD Document for internal use only

UCTS Unified command and telemetry system

Cntm Contaminants

AES Artificial Earth Satellite

IKI RAN Space Research Institute of the Russian Academy of Sciences

SC Spacecraft

CICS Command and information computer system

CMS Control and Measuring Systems (Station)

MP Mission Payloads

SE Space Experiment

CC Crew commander

LA/DS Lunar ascent/descent system

LCLS Lunar cargo landing system

LPTR Lunar polar test range

MAKS International Aerospace Show

PCE Proximity Communication Equipment

MRM Mini Research Module

ISS International Space Station

MLM Multipurpose Laboratory Module

MLM-U Multipurpose Laboratory Module with Upgraded performance

INLMTP International near-lunar man-tended platform

MLTPSBMS Multi-layer transformable pressurized shell with built-in meteoroid shield

IEC Interplanetary Expeditionary Complex

SE Scientific Equipment

GMCC Ground measurement and control complex

R&D Research and Development

RE Research effort

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AR Applied research

NPO Scientific and production association

STC Scientific and Technical Council

SPM Science and Power Module

LLOA Lower limb orthopedic appliances

OKB-1 Special Design Bureau No.1

DIC Defense Industry Complex

URSC United Rocket and Space Corporation

QMS CA Quality Management System Certification Authority

PWC Plasma wave complex

PVS Pneumatic and vacuum suit

UEP Upper extremity prostheses

IDP Innovative Development Program

MSC Manned spacecraft

DLM Design layout mockup

POD Prosthetic and orthopaedic appliances

CTS Crew Transportation Spacecraft

NG CTS New Generation Crew Transportation Spacecraft

PRP Public Relations Program

LV Launch Vehicle

SHLV Super Heavy Launch Vehicle

WC Working Compartment

ROS Russian Orbital Station

RS Russian Segment

DV Descent Vehicles

SA Solar Array

SM Service Module

QMS Quality Management System

APS Atmospheric Purification System

OTS System of Optical Telescopes

PS Proprietary standard

CS Company standard

OSE Oxygen supply equipment

SSE Special space experiments

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JV Joint Venture

RS Relay satellite

R&D CP Constituent part of Research and Development effort

SOW Statement of Work

CTS/M Cargo Transportation Spacecraft/Module

HSC Heat-shielding coating

TM Transformable module

TICS Telemetry Information and Computation System

T/E Transporter/Erector

CHPP Central Heating and Power Plant

NM Node Module

SP Spaceflight participant

FSP Federal Space Program

TsKBEM Central Design Bureau of Experimental Mechanical Engineering

ALM Airlock module

OD Operational Documentation

VM Visiting Mission

REP OTV Reusable electrical propulsion orbital transfer vehicle

EPS Electrical propulsion system

EU Electrolysis unit

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Units of measurement used in the Annual Report

0С Degree of Celsius

y Year

Gcal gigacalorie

u Unit

kW kilowatt

kg kilogram

kgf/cm2 kilogram-force per square centimeter

keV Kiloelectron-volt

m² square meter

m3 cubic meter

mln million

mm millimeter

bn billion

MPa Megapascal

RUB Russian Ruble

t ton

k thousand

p persons

eV electron-volts

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11. APPENDICES

Appendix 1 / Financial Statements and Audit Report on Reliability of Financial Statements over the Accounting and Previous Years

The Financial Statements and Audit Report on reliability of Financial Statements over the accounting and previous years can be found in a separate book «Financial Statements of S.P. Korolev Rocket and Space Public Corporation Energia for 2015 and 2014».

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Appendix 2 / Data on Appropriation of Net Profit in 2015 Gained by the Corporation in 2013

# Name Actual Figures, thousand rubles Investment Justification

1. Patenting of industrial property subjects 3 248,5 Getting exclusive rights to intellectual property subjects

2. «Kristall» 10 426,3  Studying components of electrorocket propulsion systems, with iodine as working medium

3. Preparing materials on technical proposal “Use of Angara LV as part of the ***** Rocket-Space Complex”

11 949,5 Determining technical feasibility of the ***** Complex adaptation to use Angara LV as part thereof.

4 EPE-2013 258,6 Experimental and design investigations of efficiency of electric power transmission by IR radiation for developed and being developed prototypes of space systems for a distance of 1.5 km.

5 FEP-FTI 1 489,6 Applied scientific research of receivers-converters for ray power industry systems.

6 Laser radar 980,6 Applied scientific research in implementation of high-speed precision laser scanning radar designed for making measurements during rendezvous of manned and unmanned SC with the space complex.

7. Building engine 11Д58МФ to be used within US 11С861-03

69 750,9 Developing Upper Stage «Impuls» with enhanced power characteristics

8. Building a prototype of transformable habitation space module

10 925,2 Maintaining and ensuring RF leadership in building orbital station modules, interplanetary bases; developing flexible modules technology for implementation of advanced space manned programs.

9 Development design and process solutions for manufacturing of 11Д58МФ engine parts test items using additive-based technologies

10 890,6 Development of design and process solutions for manufacturing of 11Д58МФ engine combustion chamber inner shell test items using additive-based technologies

10. Building up full-scale joint composite production of RSC Energia and the Nanotec Industries AG

3 675,4 Development of the manufacturing process for making composite materials incorporated into instrument racks for transport cargo vehicle (TCV) Progress and transport vehicle (TV) Soyuz

11. Using composite materials to build bodies and structural elements for manned transport spacecraft return module

42 482,4 Improvement of weight-dimension and operational characteristics of return module body as part of manned transport spacecraft

12. Developing a vibroacoustic installation with reverberation chamber of 1000 m3 by volume

13 214,5 Outfitting of the Corporation experimental base by means of building new vibroacoustic installation with reverberation chamber of 1000 m3 for acoustic testing of dynamic mockups and flight products of rocket-space technology

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# Name Actual Figures, thousand rubles Investment Justification

13. Development and introduction of highly efficient procedure for active-passive process quality control of joints made by friction bonding with stirring (FBS) to manufacture body structural elements intended for a new generation rocket-space technology

35 942,3 Assured performance of the commitments under the contract with the Ministry of Education and ScienceDevelopment of the technology to manufacture large-scale structures of 4,5 m in diameter using (FBS); testing a set of test methods and aids, nondestructive inspection quality control; outfitting and modernization of the Corporation experimental base

14 Performance of work on building highly functional knee-joint module, biaxial, with hydraulic damper and independent control of bending-unbending stages

600,2

Ensuring competitive edge on the domestic market of modern prosthetic technologies and appliance15. Building the combined control system of

bioelectric lower arm prosthetic device with three and more degrees of freedom

648,2

16. Development of design-estimate documentation for OMSC construction 16 159,5

Building high-technology manufacturing facility to manufacture, assemble and test unmanned spacecraft

17. Upgrading of AFD facility rooms for assured EEEP testing 72 539,8

Arrangement of work station for conducting electrical-radio tests of rocket-space technology products

18. Reconstruction and technical reequipment of production-administrative building No114 (construction of assembly-testing facility (ATF))

1 018,8

Development of manufacturing facility to assemble and test manned articles

19. Earth study procedure using space methods under the ISS Program 0,8

Ensured performance of the commitments under the contract with the Ministry of Education and Science

TOTAL 306 201,7

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Appendix 3 / Information about State Backing of the Corporation Activities in the Accounting Year Including Data on Subsidies Granted, Purpose of Use;

Information on Application of Funds for Accounting Year-End

Item No Project, purpose of use Financing source

Amount of financing in 2015, thousand rubles

Application of funds in 2015,

thousand rubles 1 Development of technological

process of non-destructive quality check for joints made by friction bonding with stirring

Contract No. 02.G25.31.0063 of 12.02.2013 between Education and Science Ministry and the Corporation

36 000,0 36 000,0

2 Earth study procedure using space methods under the ISS program

Agreement No. 14.129.14.4430-NSh of 03.02.2014, Ad. Agr. No 1 of 16.02.2015 between Education and Science Ministry and the Corporation

220,1 220,1

TOTAL 36 220,1 36 220,1

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Appendix 4 / Information about the resolutions passed at General Shareholders’ Meeting, Board of Directors’ Meetings and meetings of the ad

hoc Committees at the Board of DirectorsInformation about General Shareholders’ Meetings held

Extraordinary General Shareholders’ Meeting held on January 14, 2015 (Minutes No 28 of 16.01.2015)

Items on the agenda and relevant resolutions passed:

On profit appropriation by the 2013 performance of the CorporationThe following resolutions were passed:

1. Approve profit appropriation by the 2013 performance of RSC Energia.2. Distribute net profit at the rate of 416 218 thousand rubles as follows:

- Direct for payment of dividends 106 754,7 thousand rubles which makes up 25.65% of the net profit volume.

- Direct to Investment Fund 306 201,7 thousand rubles which comes to 73.57% of the net profit volume.

- Not to direct the allocations to the Corporation Reserve Fund, because its amount reached maximum size specified in RSC Energia Articles of Incorporation (Reserve Fund is set up in full).

- Forward for payment of remuneration to the Board of Directors and Auditing Committee members 3 261,6 thousand rubles by the 2013 performance of the Corporation which makes up 0.78% of the net profit volume.

3. Approve the Board of Directors’ proposals for remuneration payment to the Board of Directors members:

Pay remuneration to the Board of Directors members by the Corporation performance in 2013 in an aggregate amount of 3 129,6 thousand rubles having distributed it as follows:S.A. Bushmakin – 499,2 thousand rubles (Chairman of the Committee on Personnel and the member of the Committee on Audit).V.K. Verbitsky– 480,0 thousand rubles (Chairman of the Committee on Audit).A.A. Gavrilenko – 387,2 thousand rubles (member of the Committee on Strategy).N.I. Zelenschikov – 400,0 thousand rubles.A.S. Nikitin – 422,4 thousand rubles (member of the Committee on Personnel and the Committee on Strategy).A.V. Nizhdow – 460,8 thousand rubles (member of the Committee on Audit and the Committee on Strategy).A.F. Strekalov – 480,0 thousand rubles (member of the Committee on Personnel and the Committee on Audit).Not to pay remuneration to the Board of Directors members who are government officials, as well as to V.A. Lopota who filled the post of RSC Energia President in 2013.

4. Approve the Board of Directors recommendations on remuneration payment to the Auditing Committee members:

Pay remuneration to the following members of the Corporation Auditing Committee by the 2013 performance of RSC Energia in an aggregate amount of 132 thousand rubles having distributed it as follows:A.V. Ardeev – 33,0 thousand rublesP.E. Dubrovin – 33,0 thousand rublesL.V. Yeliseeva – 33,0 thousand rublesY.P. Polezaeva – 33,0 thousand rubles

On dividends size, dates and form of payment by the 2013 performance The following resolutions were passed:

1. Approve RSC Energia Board of Directors’ recommendations on size, dates and form of dividends payment by its 2013 performance:

Pay annual cash dividends at the rate of 95 (ninety five) rubles per common share. Period of dividends payment to nominee shareholder and trustee as a professional participant in securities market entered in

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the register of shareholders: till February 17, 2015. Period of dividends payment to other persons entered in the register of shareholders: till March 12, 2015.Form of dividends payment:- to legal persons: by transfer to legal person’s settlement account;- to natural persons: by transfer of funds by mail or by transfer of funds to bank accounts of the above persons, with appropriate request from them;- to shareholders, legal and natural persons whose shares are taken on record in nominee holder’s account: by means of transfer to nominee holder’ settlement account.By RSC Energia Board of Directors’ proposal, set date on which persons entitled to dividends payouts are designated: February 3, 2015.

Annual General Shareholders’ Meeting held on June 27, 2015

(Minutes No 29 of 30.06.2015)Items on the agenda

Approval of the Corporation Annual Report for 2014Resolutions passed:

Approve the Annual Report of RSC Energia for 2014.

Approval of the annual financial statements for 2014, including the report on financial performance

Resolutions passed:Approve the annual financial statements for 2014, including the report on RSC Energia financial performance.

Approval of the Corporation profit and loss distribution by the 2014 performanceResolutions passed:

Take notice of net profit absence by the 2014 performance.

On dividend size, dates and form of payment by the 2014 performance and due date for which persons are entitled to receive dividends

Resolutions passed:Not to calculate dividends on the 2014 performance of RSC Energia, as well as not to pay them out due to absence of the net profit.

On payment of remuneration for work of the Board of Directors members within the Board of Directors: to non-government officials in the amount fixed in the Corporation in-house documents

Resolutions passed:Approve the proposals put forward by RSC Energia Board of Directors for remuneration payment to the Board of Directors members, namely: non-government officials in the amount fixed in the Corporation in-house documents:

Pay remuneration to the following members of RSC Energia Board of Directors by the 2014 performance in the aggregate amount of 6 182,2 thousand rubles having distributed it as follows:S.A. Bushmakin – 394,7 thousand rubles; V.K. Verbitsky – 405,4 thousand rubles; A.A. Gavrilenko – 623,6 thousand rubles; N.I. Zelenschikov – 748,0 thousand rubles; A.N. Klepach – 368,0 thousand rubles;V.A. Lopota – 208,0 thousand rubles;A.S. Nikitin – 701,3 thousand rubles;A.V. Nuzhdov – 789,4 thousand rubles; A.A. Kuznetsov – 376,0 thousand rubles;S.A. Nikitin. – 344,0 thousand rubles;M.V. Petrov – 418,9 thousand rubles;A.K. Ponomarev – 410,2 thousand rubles;

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A.F. Strekalov – 394,7 thousand rubles.

On payment of remuneration for work of the Auditing Committee members within the Auditing Committee in the amount fixed in the Corporation in-house documents

Resolutions passed:Approve RSC Energia Board of Directors’ proposal for remuneration payment to the Auditing Committee members in the amount fixed in the Corporation in-house documents:

Pay remuneration to the following members of RSC Energia Auditing Committee members by the 2014 performance in the aggregate amount of 345,9 thousand rubles having distributed it as follows:A.V. Ardeev – 33,0 thousand rubles;V.V. Bulatov – 45, 6 thousand rubles;P.Y. Grishina – 29,7 thousand rubles;P.E. Dubrovin – 39,6 thousand rubles;L.V. Yeliseeva – 79,2 thousand rubles;M.Y. Kiseleva – 39,6 thousand rubles;Y.P. Polezhaeva – 79,2 thousand rubles.

Approval of the Corporation Auditor for 2015.Resolutions passed:

Approve ZAO EchLBi PACC-Audit, the winner of open tender for selecting audit organizations for conducting statutory annual audit, to be an auditor of RSC Energia for 2015

Election of RSC Energia Board of Directors membersResolutions passed:

Elect the Corporation Board of Directors in the following membership: Yuri Veniaminovich VlasovAnatoly Anatolievich Gavrilenko;Vitaly Anatolievich Davydov;Andrei Nikolaevich Klepach;Igor Anatolievich Komarov;Andrei Sergeevich Nikitin;Sergei Alexandrovich Nikitin;Alexei Viktorovich Nuzhdov;Maxim Valerievich Petrov;Pavel Dmitrievich Popov;Vladimir Lvovich Solntsev.

Election of the Corporation Auditing Committee members:Resolutions passed:

Elect the Corporation Auditing Committee in the following membership:Andrei Vladimirovich Ardeev,Konstantin Vladimirovich Vakulin;Anastasia Igorevna Vyaznik;Valery Vladimirovich Kardanov;Maria Yurievna Kiseleva;Alexandr Borisovich Kosenko;Yekaterina Pavlovna Polezhaeva;Anastasia Olegovna Solomatina;Dmitry Nikolaevich Chirkin.

Approval of the redrafted Articles of Incorporation of RSC Energia.Resolutions passed:

No resolution passed.

Approval of the redrafted Provision on General Shareholders’ Meetings in the Corporation.

Resolutions passed:No resolution passed.

Approval of the redrafted Provision on the Corporation Board of Directors.Resolutions passed:

No resolution passed.

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Approval of the redrafted Provision on the Corporation Management Board.Resolutions passed:

No resolution passed.

Approval of the redrafted Provision on Single-Member Executive Body of the Corporation.

Resolutions passed:No resolution passed.

Approval of the redrafted Provision on the Corporation Auditing Committee.Resolutions passed:

No resolution passed.

On approval of interested-party transactions which can be effected by the Corporation in future in the course of routine business activity.

Resolutions passed:1. “In accordance with Chapter XI, Federal Law “On Joint-Stock Companies”, approve the following interested-party transactions between S.P. Korolev Rocket and Space Public Corporation Energia and Closed Joint-Stock Company (ZAO) Experimental Machine-Building Plant of S.P. Korolev Rocket and Space Corporation Energia, which can be effected by RSC Energia in future, within a period till next annual General Shareholders’ Meeting in the course of routine business activity:

1.1. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to build, operate, modify the ISS Russian Segment hardware and systems on the subject of DE “ISS (international Space Station). (Utilization 1)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 257 000,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.2. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, test spacecraft and their components mockups on the subject of DE “ISS (International Space Station). (SPM-1)” in the scope to be specified by relevant Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 380 000,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.3. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, test hardware, components of a new-generation advanced manned transportation system on the subject of DE “AMTS (Phase 1) (advanced manned transportation system)” in the scope to be specified by relevant Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 395 000,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.4. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture hardware for cargo and manned space vehicles of series Soyuz and Progress; resupply them with personal equipment; conduct tests on DE subjects “ISS (International Space Station) (TTO-4)”; DE “ISS (TTO-5)”; DE “ISS (RSC-MS)”; DE “ISS (RSC-MS-1)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 33 020 000 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.5. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform test of, deliver personal equipment for the US astronauts on the subject of DE “ISS (International Space Station). (Integration 2)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 80 000 thousand rubles, except when transactions like that are

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to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.6. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to modify the Upper Stage on the subject of DE “Dvina DM” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 141 800 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.7. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture and test hardware and onboard equipment, assemblies, units and systems for a foreign customer in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 525 000 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.8. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture and test hardware, ground and onboard equipment as part of state defense order in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 3 082 500 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.9. Turnkey contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for performance of scheduled maintenance services on the Upper Stage under the ***** Project in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 3 700,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.1.10. Contracts under which RSC Energia shall put buildings out on lease to ZAO ZEM Energia on a temporary basis which are located at the following addresses: 4A Lenin Street, Korolev city, Moscow Region; 1A Grabin Street, Korolev city, Moscow Region; nonresidential premises outside the Corporation; (hereinafter referred to as the property) for a period of no more than 12 months, while ZAO ZEM RSC Energia shall provide a fee for the use of the property for the ceiling amount of 143 997 thousand rubles.1.11. Contracts under which RSC Energia shall put the facilities shown below out on lease to ZAO ZEM RSC Energia on a temporary basis which are located at the following addresses: 4A Lenin Street, 1A Grabin Street, Korolev city, Moscow Region. The above facilities, namely, 30 structures and installations (trestles, reservoirs, etc.) (hereinafter referred to as the property) are to be put out on lease for a period of no more than 12 months, while ZAO ZEM RSC Energia shall provide a fee for the use of the property for the ceiling amount of 701,2 thousand rubles.1.12. Contracts under which RSC Energia shall put 109 items of production equipment out on lease to ZAO ZEM RSC Energia for a period of no more than 12 months, while ZAO ZEM RSC Energia shall provide a fee for the use of the equipment for the ceiling amount of 7 047,5 thousand rubles.1.13. Contracts, any amendments and supplements thereto, under which RSC Energia shall render services to ZAO ZEM RSC Energia for classified, confidential record-keeping, state secret protection; economic security, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions, during the period from 01.07.2015 till 31.12.2016, while ZAO ZEM RSC Energia shall pay for the above services the ceiling amount of 170 184,2 thousand rubles.1.14. Contracts, any amendments and supplements thereto, under which RSC Energia shall render to ZAO ZEM RSC Energia personnel management services, communication services, hotel accommodation services, public catering services, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions, during the period from 01.07.2015 through 31.12.2016, while ZAO ZEM RSC Energia shall pay for the above services the ceiling amount of 88 222,4 thousand rubles.1.15. Contracts, any amendments and supplements thereto, under which RSC Energia shall render to ZAO ZEM RSC Energia services for spending holidays in sanatoria and health

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resorts, organized vacations of ZAO ZEM RSC Energia employees and their children in resorts and health camps of RSC Energia, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions, during the period from 01.07.2015 through 31.12.2016, while ZAO ZEM RSC Energia shall pay for the above services the ceiling amount of 40 922,2 thousand rubles.1.16. Contracts, any amendments and supplements thereto, under which RSC Energia shall render to ZAO ZEM RSC Energia services for manufacture of printing products and engineering documentation copies, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions, during the period from 01.07.2015 through 31.12.2016, while ZAO ZEM RSC Energia shall pay for the above services the ceiling amount of 8 669,1 thousand rubles.

2. Under Chapter XI of Federal Law “On Joint-Stock Companies”, approve the following interested-party transactions between S.P. Korolev Rocket and Space Public Corporation Energia and open joint-stock company “Russian Space Systems” which can be effected by RSC Energia in future, during the period till next annual general shareholders’ meeting, in the course of the Corporation routine business activity:

2.1. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform tests, upgrade onboard and ground equipment, systems and subsystems; work out, update, finalize working design documentation (WDD) and design documentation (DD) on the designated instruments, systems, subsystems on the subject of DE “ISS (International Space Station). (Utilization-1)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 806 234,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.2.2. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform tests, upgrade onboard and ground equipment, systems and subsystems; work out, update, finalize working design documentation (WDD) and design documentation (DD) on the designated instruments, systems, subsystems on the subject of DE “ISS (International Space Station). (SPM-1)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 487 430,4 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.2.3. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to build onboard radio system of manned transport system (OTS) on the subject of DE “AMTS (Advanced Manned Transportation System)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 90 000,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.2.4. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform tests of telecommunication Systems and Kvant-V system on the subject of DE “ISS (International Space Station) (TTO-4)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 1 130,2 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.2.5. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to perform tests, operate and provide maintenance of onboard and ground equipment, including Kvant-V system on the subject of DE “ISS (International Space Station) (TTO-5)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 7 782,8 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.2.6. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform tests and deliver test equipment in pursuance of state defense order, in the scope to be specified by Statement of

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Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 90 730 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3. Under Chapter XI of Federal Law “ On Joint-Stock Companies”, approve the following interested-party transactions between S.P. Korolev Rocket and Space Public Corporation Energia and joint-stock company Rocket-Space Center “Progress”, which can be effected by RSC Energia in future, during the period till next annual general shareholders’ meeting, in the course of the Corporation routine business activity:3.1. Turnkey contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for performance of work on applying logotypes and additional symbolics to the surface payload fairing, assembly-protective module of spacecraft on the subjects such as “ISS (International Space Station) (Integration-2)” and “Soyuz-Energia-EP-18”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 320,0 thousand rubles except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3.2. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to develop, manufacture, perform tests of spacecraft bodies, systems and subsystems on the subject of DE “ISS (International Space Station) (SPM-1)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 3 353,8 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3.3. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform tests and deliveries, to ensure serviceability of instruments, systems, subsystems on the subject of DE “ISS (International Space Station) (TTO-4)” in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 1 852,1 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3.4. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to ensure prelaunch processing and launches of launch vehicle Soyuz-ST relative to tests, assured serviceability of filling equipment on the subject of DE “Soyuz-ST”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 3 236,6 thousand rubles except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3.5. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to work out/finalize design documentation of filling equipment on the subject of DE “Rus-MO”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 1 500,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3.6. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture, perform tests of Rocket-Space Complex onboard and ground hardware and equipment; to work out, update and finalize design and operational documentation on the above instruments, systems, subsystems and equipment under state defense order, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 28 682,8 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.3.7. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to work out, update, finalize design documentation on educational-training aids under state defense order, in the scope to be

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specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 3 000,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.4. Under Chapter XI of Federal Law “ On Joint-Stock Companies”, approve the following interested-party transactions between S.P. Korolev Rocket and Space Public Corporation Energia and open joint-stock company “Scientific-production enterprise Zvezda after academician G.I. Severin” which can be effected by RSC Energia in future, during the period till next annual general shareholders’ meeting, in the course of the Corporation routine business activity:4.1. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to outfit the ISS Russian Segment with spacesuits for extravehicular activity; to manufacture, perform tests, assemble outfit as part of the above spacesuit kits on the subject of DE “ISS (International Space Station) (Utilization-1)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 55 000,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.4.2. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to work out working design documentation (WDD); manufacture test items and test cosmonauts personal equipment systems (relative to air supply units) on the subject of DE “ISS (International Space Station) (SPM-1)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 700,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.4.3. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to manufacture personal life support aids for cosmonauts, test them, make mockups and test items; update working documentation on test results of the above aids on the subject of DE “AMTS (Phase 1) (advanced manned transportation system)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 70 700,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.4.4. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to perform test activities and prelaunch processing of space vehicles with respect to cosmonauts’ life support aids on the subject of DE “ISS (International Space Station) (TTO-4)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 7 185,5 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.4.5. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to develop, manufacture test items, perform tests of spacesuits and personal life support aids of cosmonauts on the subject of DE “ISS (International Space Station) (TTO-5)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 24 900,7 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.4.6. Contracts for work performance (turnkey contracts), any amendments and supplements thereto, as well as other deals associated with their fulfillment, to manufacture cosmonauts personal equipment and apply logotypes to the equipment manufactured on the subject “Soyuz-Energia-EP-18”, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 18 460,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.

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5. Under Chapter XI of Federal Law “On Joint-Stock Companies”, approve the following interested-party transactions between S.P. Korolev Rocket and Space Public Corporation Energia and joint-stock company “Information Satellite Systems” after academician M.F. Reshetnev” which can be effected by RSC Energia in future, during the period till next annual general shareholders’ meeting, in the course of the Corporation routine business activity:5.1. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment for performance of development effort to develop, manufacture and test communication system receiver for the ISS Russian Segment on the subject of DE “ISS (International Space Station) (Utilization-1)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 48 093,0 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.5.2. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for conduct of development effort to work out working documentation, manufacture experimental prototypes and flight articles, perform tests of ground test equipment, hardware and solar array pointing system kit on the subject of DE “ISS (International Space Station) (SPM-1)”, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 536 522,4 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.5.3. Contracts, any amendments and supplements thereto, as well as other deals associated with their fulfillment, for performance of development effort to manufacture and deliver solar array pointing system kit and checkout equipment kit under state defense order, in the scope to be specified by Statement of Work, with a starting date of not earlier than 01.07.2015 and completion date of not later than 31.12.2016, in the aggregate amount not exceeding 35 306,4 thousand rubles, except when transactions like that are to be approved by the Corporation managerial bodies for reasons other than interested-party transactions.6. Under Chapter XI of Federal Law “On Joint-Stock Companies”, approve the following interested-party transactions between S.P. Korolev Rocket and Space Public Corporation Energia and AO Gazprombank (Joint-Stock Company) which can be effected by RSC Energia in future, during the period till next annual general shareholders’ meeting, in the course of the Corporation routine business activity:6.1. Agreement on opening credit line between RSC Energia and Gazprombank (Joint-Stock Company) (hereinafter referred to as the “bank”), amendments and supplements hereto, as well as the deals for its execution on the following terms:- credit line limit (amount of financing) – 8 000 000 000,00 (eight billion) rubles;- credit line type – open-end;- purpose of crediting – funding of financial-economic activities provided for in the Articles of

Incorporation of RSC Energia unsecured or on security of rights of claims under contracts, financing of which is provided by credits borrowed within the credit line;

- term of credit line and credits granted within this credit line – up to 5 years;- interest rate on credits is not higher than 20% per annum;- term and procedure for granting credits depend upon RSC Energia’s requests and the period

is agreed upon with the bank and is to be consistent with the Agreement terms;- period of repayment is to be agreed upon with the bank, within the framework of each credit,

including the Agreement terms;- interest date and procedure for payment of interest are to be consistent with the Agreement

terms;- fees and other similar payments are to be in accordance with the charges (rates) approved by

the bank and the Agreement terms.6.2. Contracts between RSC Energia and Gazprombank (Joint-Stock Company), amendments and supplements hereto, for issue of bank guarantees (tender guarantees, guarantees of advance payment return; customs guarantees; client’s commitments guarantees; guarantees for the benefit of tax authorities, including guarantees of value-added tax repayment in accordance with the RF TC, art. 176.1), on which beneficiary

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cab be represented by the Russian Federation on behalf of its bodies, public corporations, under terms of frame contracts to be concluded. Ceiling amount of all guarantees is not higher than 2 000 000 000,00 (two billion) rubles. Period of contracts/guarantees is up to 5 years. Fee for guarantee being granted is not higher than 3% per annum of guarantee amount, but no less than 10 000 rubles per calendar quarter or its part when validity of guarantee expires before calendar quarter is over.6.3. Master agreements about conversion operations, on the procedure for maintaining minimum irreducible balance on client’s account; on the procedure for deposit operations effective during validity of the Agreement on opening credit line, but no longer than 5 years. Based upon the essence of the above Master agreements, transactions shall be paid in the manner and at the rate as agreed upon with the bank with respect to each particular Master agreement and in accordance with the charges (rates) approved by the bank”.

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Information about the Board of Directors meetings held1

28.01.2015Meeting as absentee voting (Minutes No 12 of 28.01.2015)Item on the agenda:

Agreeing on the Corporation Management Board-proposed candidates for election to the Board of Directors of SAC (Subsidiary and Affiliated Companies), to SAC Auditing Committee.

Resolution passed:Agree on the Corporation Management Board-proposed candidates for election to the Board of Directors of SAC, to SAC Auditing Committee.

25.02.2015 Meeting (Minutes No 13 of 27.02.2015)Items on the Agenda:

Review of the stockholders-submitted proposals to take a decision on putting them on the agenda of the Corporation annual general shareholders’ meeting:1.1. On putting items on the agenda of annual shareholders’ meeting.

Resolutions passed:Accept the proposals submitted by the Corporation shareholders (by PAO IK Razvitiye, the owner of 17.319 % of the Corporation voting shares; OAO URSC, the owner of 38.221 % of the Corporation voting shares, ZAO Lider, the entrusted administrator of 12.406% of the Corporation voting shares) to be put on the Agenda of the Corporation annual General Shareholders’ Meeting; the proposals for putting up candidates to the Board of Directors and Auditing Committee of the Corporation for consideration in terms of their compliance with the requirements set forth in the Corporation Articles of Incorporation, Federal Law “On Joint-Stock Companies” and other legal acts.1.2. On the candidates put up by the shareholders to be entered in the list of candidates for election to the Corporation Board of Directors.

Resolutions passed:Approve the List of candidates proposed by the Corporation shareholders (by PAO IK Razvitiye, the owner of 17.319 % of the Corporation voting shares; OAO URSC, the owner of 38.221 % of the Corporation voting shares, ZAO Lider, the entrusted administrator of 12.406% of the Corporation voting shares) to be entered in voting ballots for election to the Board of Directors at annual General Shareholders’ Meeting of the Corporation, in the following composition:

1. Vladislav Viktorovich Brylkov2. Sergei Alexandrovich Bushmakin3. Vladimir Konstantinovich Verbitsky4. Pavel Vyacheslavovich Vinokurov5. Yuri Veniaminovich Vlasov 6. Alla Alexandrovna Vuchkovich7. Anatoly Anatolievich Gavrilenko8. Vitaly Anatolievich Davydov9. Alexandr Ivanovich Zaitsev 10. Andrei Nikolaevich Klepach11. Igor Anatolievich Komarov12. Mikhail Yurievich Merkulov13. Andrei Sergeevich Nikitin14. Sergei Alexandrovich Nikitin15. Alexei Viktorovich Nuzhdov16. Vladimir Yefimovich Osmolovsky17. Maxim Valerievich Petrov18. Pavel Dmitrievich Popov19. Vladimir Lvovich Solntsev

1 Information being confidential is not provided in the Annual Report.

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1.3. On entering the candidates put up by the shareholders in the List of candidates for election to the Corporation Auditing Committee.

Resolutions passed:Approve the List of candidates proposed by the Corporation shareholders (by PAO IK Razvitiye, the owner of 17.319 % of the Corporation voting shares; OAO URSC, the owner of 38.221 % of the Corporation voting shares, ZAO Lider, the entrusted administrator of 12.406% of the Corporation voting shares), to be entered in voting ballot for election to the Auditing Committee at annual General Shareholders’ Meeting of the Corporation, in the following composition:

1. Andrei Vladimirovich Ardeev2. Konstantin Vladimirovich Vakulin3. Anastasia Igorevna Vyaznik4. Lyudmila Valerievna Yeliseeva5. Valery Vladimirovich Kardanov6. Maria Yurievna Kiseleva7. Alexandr Borisovich Kosenko8. Yekaterina Pavlovna Polezhaeva9. Anastasia Olegovna Solomatina10. Dmitry Nikolaevich Chirkin.

On claims made in 2014 due to defects (failures) of complexes (systems) and products of armaments and defense technology by reason of their non-conformity with customer’s requirements and making the managers and officials responsible.

Resolutions passed:Take note of information about absence in 2014 of the claims from state customers against the Corporation concerning complexes (systems), products of defense technology due to non-conformity with customer’s requirements pointing out that a more detailed information about the quality system existing in the Corporation will be included in The Corporation Annual Report for 2014.

On the Corporation Management Board membership.Resolutions passed:

According to the Corporation Articles of Incorporation, Art. 28, item 1, para 14, approve the following proposals to change the Corporation Management membership:

-  Determine the Corporation Management Board membership of 15 in number.-  Elect additionally to the Management Board of Mikhail Viktorovich Komarov (Vice-President for Personnel and Social Policy) and Mikhail Yurievich Merkulov (Vice-President for Security).

SAC management and optimized handling non-core assets of RSC Energia.Resolutions passed:

1. Take note of the submitted proposals for SAC management system and non-core assets of the Corporation and entrust the Corporation Management Board with their updating with due regard for the comments made.2. Charge the Corporation President V.L. Solntsev with development of mechanism for agreement of transactions with OAO URSC which entail alienation/encumbrance of the Corporation/Corporation SAC real property for a period longer than 1 year, and submit it to the Corporation Board of Directors.Suspend entering into new contracts until mechanism of approval of transactions with real property has been developed and agreed upon.

On the Corporation withdrawal from OOO IPROVEN RSC Energia.Resolutions passed:

1. Approve withdrawal of RSC Energia from OOO IPROVEN RSC Energia, taking into account the cost of its interest as on 31.12.2014.2. Charge the Corporation Management Board with supervision over payment the cost of the Corporation interest to OOO IPROVEN RSC Energia within due dates set by the legislation. Report the results of the instruction fulfillment to the Corporation Board of Directors till 15.06.2015.

On concept of ZAO PA Cosmos.

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Resolutions passed:1. Entrust RSC Energia management and General Director of ZAO PA Cosmos with the following:

-  update the submitted draft Concept, taking into account the comments made and proposals, as well as consider as a possible scenario setting up united aircraft enterprise, with due regard for establishment of Public Corporation Roscosmos;-  prepare and submit for consideration Work Program (budget) of ZAO PA Cosmos for 2015 at the next full-time meeting of the Corporation Board of Directors.

On interested-party transactions.Resolutions passed:

o Transactions between RSC Energia and OAO Consortium «Kosmicheskaya Regata»:1. Fix price of services under Contract No 115/10Ts-2014 between the Contractor, RSC Energia, and the Customer, OAO Consortium «Kosmicheskaya Regata», at the rate of 90 721,29 rubles.2. Approve the transaction – contract No 115/10Ts-2014 between the Contractor, RSC Energia, and the Customer, OAO Consortium «Kosmicheskaya Regata», for performance of services of quality control with respect to research and development work (products/services) on compliance with the requirements of the quality management system existing at RSC Energia at the price 90 721,29 rubles.3. Fix firm price of services under additional Agreement No 8 to Contract No 78/003-07 of 01.03.2007 between the Contractor, RSC Energia, and the Customer.4. Approve the transaction, additional Agreement No 8 to Contract No 78/003-07 of 01.03.2007 between the Contractor, RSC Energia, and the Customer, OAO Consortium «Kosmicheskaya Regata», on performance of services by the Contractor with respect to performance of security measures concerning in-house routine to ensure the Customer’s activity on RSC Energia premises throughout 2015.

o Transactions between RSC Energia and OAO «Russian Space Systems»:1. Fix approximate price of work (services) under Contract No 024/85-2014 between the Customer, RSC Energia, and Contractor, OAO «Russian Space Systems», at the rate of 1 466 190 rubles.2. Approve the transaction, Contract No 024/85-2014 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of development effort component (DEC) “Taking part in Kvant-V integrated tests” relative to assured technical data, specified lifetime of checkout and test equipment at CTF of Baikonur branch at an approximate price of 1 466 190 rubles.3. Fix an approximate price of work (services) under Contract No 024/86-2014 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», at the rate of 1 526 290 rubles.4. Approve the transaction, Contract No 024/86-2014 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of development effort component: “Taking part in Kvant-V integrated tests” relative to assured technical data, specified lifetime of checkout and test equipment at CTF-416Ts ZAO ZEM RSC Energia at an approximate price of 1 526 290 rubles.

o Transactions between RSC Energia and OAO NPO Energomash1. Set total approximate price of work (services) under Contract No 985-14-532-97/13Ts-2014 between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, at the rate of 561 090 000,00 rubles. Fix firm price of commercial digital-analog converters (DAC) being delivered in 2014 under the delivery schedule as part of the contract in quantity of 4 items at the rate of 14 962 400,00 rubles. Fix firm price of DAC being delivered from 01.01.2015 through 30.06.2015 under the delivery schedule as part of the contract, in quantity of 27 items, at the rate of 100 996 200,00 rubles.2. Approve the transaction, Contract No 985-14-532-97/13Ts-2014 between the Customer, OAO NPO Energomash and the Contractor, RSC Energia, for manufacture and delivery of 150 DACs at total approximate price of 561 090 000,00 rubles, including manufacture and delivery of 4 DACs in 2014 under the delivery schedule as part of the contract, at the firm price of 14 962 400,00 rubles, manufacture and delivery of 27 DACs from 01.01.2015 through 30.06.2015 under the delivery schedule as part of the contract, at the firm price of 100 996 200,00 rubles.

On single-member executive body of ZAO Teplo RSC Energia.Resolutions passed:

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1. Agree the candidacy of Alexei Viktorovich Abramov proposed by the Corporation Management Board for the position of General Director of ZAO Teplo RSC Energia, with 3-month probationary period assigned.2. Charge A.V. Abramov to submit his program of activity for consideration of the Board of Directors.

20.03.2015 Meeting as absentee voting (Minutes No 14 of 25.03.2015)Items on the Agenda:

Approval of the Policy to render by the independent auditor of the Corporation services other than auditing services.

Resolutions passed:Approve the Policy to render by the independent auditor of the Corporation services other than auditing services.

Approval of the Work Plan for the Corporation Internal Audit Department for the first 6 months of 2015.

Resolutions passed:Approve the Work Plan for the Corporation Internal Audit Department for the first 6 months of 2015.

Approval of the Agenda for RSC Energia annual general shareholders’ meeting.Resolutions passed:

Approve the following Agenda for annual general shareholders’ meeting of RSC Energia:1.  Approval of the Corporation Annual Report for 2014.2.  Approval of the annual Financial Statements for 2014, including Profit and Loss Statement of the Corporation.3.  Approval of the Corporation profit and loss distribution by the 2014 performance.4.  On dividends size, dates, form of payment by the 2014 performance and establishing a date on which persons entitled to receive dividends are defined.5.  On payment of remuneration for work within the Board of Directors to the Board of Directors’ members-nongovernmental officials to the extent established in the Corporation in-house documents.6.  On payment of remuneration for work within the Auditing Committee to the Auditing Committee members-nongovernmental officials to the extent established in the Corporation in-house documents.7.  Approval of the Corporation auditor for 2015.8.  Election of the Corporation Board of Directors members.9.  Election of the Corporation Auditing Committee members.10. Approval of the redrafted Articles of Incorporation of RSC Energia.11. Approval of the redrafted Provision on general Shareholders’ meetings of the Corporation.12. Approval of the redrafted Provision on the Board of Directors of the Corporation.13. Approval of the redrafted Provision on the Management Board of the Corporation.14. Approval of the redrafted Provision on the single-member executive body of the Corporation.15. Approval of the redrafted Provision on the Auditing Committee of the Corporation.16. On approval of interested-party transactions which can be effected by the Corporation in future, in the course of its routine business activity.

On interested –party transactions.Resolutions passed:

o Transactions between RSC Energia and OAO NPO Energomash:1. Fix price of work (services) under Contract No 7/043-2015 between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, at the rate of 5 910 000, 00 (five million nine hundred and ten thousand) rubles.2. Approve the transaction, Contract No 7/043-2015 between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, for performance of services relative to designer’s supervision and solving technical problems during operational use of automatics actuators system at the price of 5 910 000, 00 (five million nine hundred and ten thousand) rubles.3. Determine price of the property, motor car, brand name BMW750Li xDrive under Sale Contract No 25/701-15 between the Seller, RSC Energia, and the Buyer, OAO NPO Energomash, at the rate of5 710 000 (five million seven hundred and ten thousand) rubles.

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4. Approve purchase and sale transaction relative to transport vehicle, brand name BMW750Li xDrive under Contract  No 25/701-15 between the Seller, RSC Energia, and the Buyer, OAO NPO Energomash, at the price of 5 710 000 (five million seven hundred and ten thousand) rubles.

08.04.2015 Meeting (Minutes No 15 of 10.04.2015)Items on the Agenda:

Review of the Corporation Work Program (including its budget) for 2015. Resolutions passed:

1. Approve the Corporation Work Program (including its budget) for 2015.2. Charge the Corporation President to submit to the next full-time Board of Directors’ meeting an analysis of current financial position of the Corporation, with the list of problematic projects/contracts and associated risks (their potential impact on net profit margin). With due regard for the analysis performed, submit to the Board of Directors an action plan to minimize/neutralize the existing risks.

Approval of the List of key performance indicators (KPI) of the Corporation; approval of KPI target values for 2015.

Resolutions passed:1. The following indicators are to be added to the List of key performance indicators (KPI) of the Corporation: return on investment; return with respect to net profit; net profit; productivity; execution of subject plan under state-funded programs.2. Add to the List of key performance indicators (KPI) of the Corporation the following indicator: size of dividends.3. Add to the List of key performance indicators (KPI) of the Corporation the following indicator: efficiency in quality management system operation efficiency.4. Approve target values of the Corporation key performance indicator (KPI) for 2015.

On procurement activity results of the Corporation for 2014. Resolutions passed:

Take note of the Corporation procurement activity results for 2014. On interested-party transactions.

Resolutions passed:o Transactions between RSC Energia and OAO «Russian Space Systems»1.1. Fix firm price of services under additional Agreement No 6 to Contract No 1644/428 of 17.05.2012 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for manufacture of scientific-technical products: “Manufacture of ten MBITS-TKM system kits (prototypes)” according to Phase 4 at the rate of 27 736,76 thousand rubles.1.2. Approve the transaction between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», under additional Agreement No 6 (on approximate price conversion into firm price under Phase 4) to Contract No 1644/428 of 17.05.2012 for manufacture of scientific-technical products: “Manufacture of ten MBITS-TKM system kits (prototypes)”.2.1. Determine an approximate limit price of services under Contract No22/6-15 for performance of a component part of development effort “Ground Control Complex (GCC) for manned transport vehicle (MTV) of an advanced manned transportation system under Phase 1” between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», at the rate of 21 776,34 thousand rubles with no VAT.2.2. Approve the transaction between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», under Contract No 22/6-15 for performance of a component part of development effort “Ground Control Complex (GCC) for manned transport vehicle (MTV) of an advanced manned transportation system under Phase 1” at the price of (approximate, limit) 21 776,34 thousand rubles with no VAT.o Transaction between RSC Energia and AO RKTs Progress.3.1. Determine firm price of work under Contract No 1136/118-2876/23-15 between the Customer, RSC Energia, and the Contractor, AO RKTs Progress, for performance of work on applying additional symbols to external surface of assembly-protective modules (APM) of integrated launch vehicles «Soyuz-FG» injecting into orbit manned transport vehicles

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«Soyuz» at the price of 512 503,4 rubles, including VAT at the rate of 18% - 78 178,48 rubles.3.2.Approve the transaction between the Customer, RSC Energia, and the Contractor, AO RKTs Progress, under Contract No 1136/118-2876/23-15 for performance of work on applying additional symbols to external surface of assembly-protective modules (APM) of integrated launch vehicles «Soyuz-FG» injecting into orbit manned transport vehicles «Soyuz» at the price of 512 503,4 rubles, including VAT at the rate of 18% – 78 178,48 rubles. The Contract extend its application to relations with the Parties from 24.02.2015 and effective till 29.02.2016.

23.04.2015Meeting as absentee voting (Minutes No 16 of 23.04.2015)Items on the Agenda:

On holding the contest for selecting auditor of annual financial statements of the Corporation by RAS and IAS for 2015.

Resolutions passed:1. Hold the contest for selecting auditor for auditing annual financial statements by RAS, as well as auditing consolidated financial statements by IAS of S.P. Korolev Rocket and Space Public Corporation Energia for 2015 (hereinafter referred to as the Contest) on the date of 25.05.2015, at 10.00 a.m., at the following address: bl. 65, 4A Lenin Street, Korolev city, Moscow Region, 141070.2. Approve the documentation on the Contest to be held:- Provision on Contest Committee and the procedure for holding the Contest for the right to perform services of auditing annual financial statements by RAS, as well as auditing consolidated financial statements by IAS of S.P. Korolev Rocket and Space Public Corporation Energia;- Statement of Work for auditing annual financial statements by RAS, as well as auditing consolidated financial statements by IAS of S.P. Korolev Rocket and Space Public Corporation Energia for 2015.

On approval of the membership of the Contest Committee on holding contest for selecting the auditor.

Resolutions passed:1. Approve membership of the Contest Committee on holding the Contest of 9 persons (including the Committee secretary).2. Approve the following membership of the Contest Committee:

Sergei Alexandrovich Nikitin – the Committee Chairman (Deputy General Director, Head of Corporate Governance office, ZAO Lider).Pavel Vyacheslavovich Vinokurov (Vice-President for financial-economic activity of the Corporation).Andrei Vladimirovich Ardeev (Head of Corporate Governance Department, ZAO Lider).Nina Valerievna Simakova (Head of Department No1, RSC Energia).Pavel Vladimirovich Melentiev (Head of Legal Department, RSC Energia).Olga Dmitrievna Korovkina (Deputy Chief Accountant, RSC Energia).Dmitry Nikolaevich Chirkin (Director of Accounting and Management Reporting Department, OAO URSC).Nikita Mikhalovich Zhuravsky (Chief Specialist of Procurement and Contracting Department, OAO URSC).Yelena Olegovna Kulagina, the Contest Committee secretary (economist of the bookkeeping, fiscal accounting, internal audit procedures department, RSC Energia).

On approval of initial (maximum) price of auditor’s services for holding the contest to select auditor of the Corporation financial statements by RAS and IAS for 2015.

Resolutions passed:Approve initial (maximum) price of auditor’s services for holding the Contest to select audit organization for 2015 at the rate of 13 800 557,14 rubles, including VAT of 18 % in the amount of 2 105 169,73 rubles.

On calling annual general shareholders’ meeting of RSC Energia.Resolutions passed:

Call annual general shareholders’ meeting of RSC Energia on June 27, 2015 at 11.00 a.m. (registration is to start at 9 a.m.) at RSC Energia’s conference hall on 3 rd floorе of block 67 (4A Lenin Street, Korolev city, Moscow Region, RSC Energia premises) in the form of all shareholders attendance to discuss agenda items and take decisions on the issues put to the vote, with a preliminary forwarding (handing in) voting ballots to the shareholders prior to holding annual general shareholders’ meeting

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(form of calling-meeting). Mail address at which the ballots completed can be sent: 4A Lenin Street, Korolev city, Moscow Region, Russian Federation, 141070.

5. On setting the date of drawing up the list of persons entitled to attend annual general shareholders’ meeting of the Corporation.

Resolutions passed:Set the date of drawing up the list of persons entitled to attend annual general shareholders’ meeting of the Corporation: May 19, 2015.

6. On interested-party transactions.Resolutions passed:

o Transaction between RSC Energia and AO RKTs Progress1. Determine price of work (services) under Contract No 2/242-2015 between the Customer, AO RKTs Progress, and the Contractor, RSC Energia, at the rate of 3 236 550, 00 rubles.2. Approve the transaction, Contract No 2/242-2015 between the Customer, AO RKTs Progress, and the Contractor, RSC Energia, for performance of work (services) in the field of space activity “Taking part in prelaunch processing and launches of LV Soyuz-ST with respect to filling level measurement system (FLMS) and CTE of OFLMS (checkout test equipment of onboard filling level measurement system) at the price of 3 236 550, 00 rubles. Work performance due dates under the contract: January-December 2015.o Transactions between RSC Energia and OAO «Russian Space Systems»1. Approve the transaction between the Customer, RSC Energia and Contractor, OAO «Russian Space Systems», under additional Agreement No1 (on postponement of work performance due dates) to Contract No 020/8/13 of 01.10.2013 on component of development effort on the subject: “International-legal protection of frequency assignments of satellite networks GTS, CUP, MBRL-SM, MBRL-SC, POTOK-ISS, DTRS-ISS, EKTC radio system and radar with synthetic aperture Mini-RSA which form part of the ISS”2. Determine firm price under Contract No17/89-2014 for performance of component of development effort “Taking part in flight tests of Regul-OS system relative to maintenance at the required technical level of parameters of CTE of RDCS, used for testing the system as part of articles and autonomous checks at CTF-416Ts ZAO ZEM, as well as for extension of assigned lifetime” between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», at the rate of 1 382 050,00 rubles with no VAT.3.Approve the transaction, Contract No 17/89-2014 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of component of development effort “Taking part in Regul-OS system flight tests relative to maintenance at the required technical level of parameters of CTE of RDCS, used for testing the system as part of articles and autonomous checks at CTF-416Ts ZAO ZEM, as well as for extension of assigned lifetime” at the price of 1 382 050,00 rubles with no VAT.4. Determine firm price under Contract No 07-25/2014 for performance of component of development effort “Taking part in testing data exchange using MKSR Luch between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», at the rate of 3 435 530 rubles, with no VAT.5.Approve the transaction, Contract No 07-25/2014 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of development effort component “Taking part in testing data exchange using MKSR Luch” at the price of 3 435 530 rubles, with no VAT

On review of the Auditing Committee conclusion on extraordinary audit results concerning RSC Energia SAC management.

Resolutions passed:1. Take note of the Auditing Committee conclusion on extraordinary audit results concerning RSC Energia SAC management.2. Recommend the Corporation management foresee and analysis/taking into account the comments made by the Auditing Committee in its conclusion during preparation of the materials entitled “On management of SAC and non-core assets” included in the Board of Directors Action Plan3. Entrust the Internal Audit Department with the following tasks:Within the framework of activities aimed to monitor progress in following the recommendations to eliminate infringements revealed, check of relevance and adherence to the Provisions approved by the President on the part of the Corporation SAC and its departments:– Provision on RSC Energia’s representatives in the managerial bodies and auditing committees of the organizations in which RSC Energia has interest;– Provision on generation of consolidated managerial reporting of RSC Energia Group.

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18.05.2015Meeting as absentee voting (Minutes No 17 of 19.05.2015)Items on the Agenda:

Approval of voting ballot form and text on the Agenda items of annual general shareholders’ meeting of RSC Energia, information bulletin.

Resolutions passed:Approve the form and the text:- of ballots NoNo 1– 4 for voting relative to the Agenda items of annual general shareholders’ meeting of RSC Energia .- information bulletin for distribution (handing in) among the shareholders along with voting ballots on the Agenda items of annual general shareholders’ meeting of RSC Energia.

Defining the list of information materials to be made available for the shareholders during preparation for annual general shareholders’ meeting and the procedure for their presentation.

Resolutions passed:1. Approve the List of information materials to be made available for the shareholders during preparation for annual general shareholders’ meeting at RSC Energia.2. Approve the Procedure for information materials presentation to RSC Energia shareholders prior to annual general shareholders’ meeting at RSC Energia.

On cases of claims for the 1st quarter of 2015 associated with defects (failures) of complexes (systems) and products of armament and defense technology resulting from non-conformity with the customer’s requirements and bringing to responsibility of the organization managers and officials.

Resolutions passed:Take note of information about absence of claims from government customers against RSC Energia with respect to complexes (systems) and armament, defense technology products resulting from non-conformity with the customer’s requirements in the 1st quarter of 2015.

On interested-party transactions.Resolutions passed:

o Transaction between RSC Energia and AO «Information Satellite Systems»Approve the transaction between the Customer, AO «Information Satellite Systems», and the Contractor, RSC Energia, under additional Agreement No 5 (on postponement of the date of work completion – 30.09.2015) to Contract No 46/5PO-2013 of 20.06.2013 for development effort on the subject “Concurrence of ID on SC, performance of launch vehicle adaptation work to support launch of Express-AM8 SC”. Issue of final report on ILV launch readiness. Issue of post-flight report”.o Transactions between RSC Energia and OAO «Russian Space Systems»1. Fix firm price under Contract No 22/3-15 for performance of development effort component “Preparation of ground control complex for launch of Express-АМ8” between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», at the rate of 2 000 000,00 rubles, with no VAT.2. Approve the transaction, Contract No 22/3-15 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of development effort component “Preparation of ground control complex for launch of Express-АМ8” at the price of 2 000 000,00 rubles, with no VAT.o Transactions between RSC Energia and OAO NPO Energomash1. Fix firm price under Contract between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, for performance of services of arranging holiday for OAO NPO Energomash employees and their families members based upon health-improvement organization at the rate of 3 326 400,00 rubles, with no VAT.2. Approve the transaction, the contract between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, for rendering services to arrange holiday for OAO NPO Energomash employees and their families members based upon health-improvement organization at the price of 3 326 400,00 rubles, with no VAT.4.4.1. Fix firm price under Contract between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, for performance of services to arrange vacations for OAO NPO Energomash employees children in health camp at the rate of 966 000,00 rubles, with no VAT.4.4.2. Approve the transaction, Contract, between the Customer, OAO NPO Energomash, and the Contractor, RSC Energia, for performance of services to arrange vacations for OAO NPO Energomash employees children in health camp at the rate of 966 000,00 rubles, with no VAT.

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20.05.2015 Meeting (Minutes No 18 of 22.05.2015)Items on the agenda:

On the Corporation performance in 2014:

1. Report on the Corporation Work Program execution in 2014.Resolutions passed:

Take note of the report on the Corporation Work Program execution in 2014, note failure to reach target figures at the end of the year by volume of proceeds (with actual figure of 25 025,4 million rubles as compared with target figure of 29 931 million rubles) and net profit; pay due attention to the loss received (loss to the extent of 1 034 275 thousand rubles, with a target figure of profit equal to 463,7 million rubles).Taking into account considerable losses sustained by RSC Energia by the 2014 performance, to entrust the Corporation President with the following tasks:

Submit justification of investment recoupment in order to take decisions on continuation of the projects whose cost is higher than 100 million rubles, taking into account budgetary funds.Submit specific measures for reaching 6% return by net profit.

2. Annual report of the Corporation for 2014 (with due regard for the Auditing Committee conclusion)Resolutions passed:

Approve (preliminarily) Annual report of the Corporation for 2014 and place it for approval of annual general shareholders’ meeting at RSC Energia.Note available conclusion of the Auditing Committee which confirms consistency of data given in the annual report.

3. Annual financial statements for 2014, including profit and loss statement.Take note of the Corporation financial statements for 2014, including Statement of financial performance, and place them for approval of annual general shareholders’ meeting at RSC Energia.Note available report of the auditor who confirm consistency of data given in the Annual financial statements of the Corporation for 2014.

4. Proposals put forward for annual general shareholders’ meeting concerning the procedure for profit/loss distribution.

Resolutions passed:Take note of the fact that there is no net profit by the 2014 performance.As follows from the financial statements as on 31.12.2014, the loss amounted to 1 034 275 thousand rubles. In this connection, dividends cannot be calculated and paid out. Recommend not to calculate and pay out dividends by the 2014 performance to the Corporation general shareholders’ meeting.

On proposals to pay remuneration to the Board of Directors members specified in accordance with the provisions/documents accepted in the Corporation to annual general shareholders’ meeting

Resolutions passed:Approve the following proposals to pay remuneration to the RSC Energia Board of Directors at annual general shareholders’ meeting:

Pay remuneration to the following Board of Directors members of RSC Energia by the 2014 performance in total amount of 6 182,2 thousand rubles, having distributed it as follows:S.A. Bushmakin – 394,7 thousand rubles.V.K. Verbitsky – 405,4 thousand rubles A.A. Gavrilenko – 623,6 thousand rubles N.I. Zelenschikov – 748,0 thousand rubles.A.N. Klepach – 368,0 thousand rubles;V.A. Lopota – 208,0 thousand rubles;A.S. Nikitin – 701,3 thousand rubles.A.V. Nuzhdov – 789,4 thousand rubles.A.A. Kuznetsov – 376,0 thousand rublesS.A. Nikitin – 344,0 thousand rublesM.V. Petrov – 418,9 thousand rublesA.K. Ponomarev – 410,2 thousand rublesA.F. Strekalov – 394,7 thousand rubles.

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On recommendations to annual general shareholders’ meeting to pay remuneration to the Auditing Committee members specified in accordance with the provisions/documents accepted in the Corporation.

Resolutions passed:Approve the following recommendations to annual general shareholders’ meeting to pay remuneration to RSC Energia Auditing Committee members:

Pay remuneration to the following members of RSC Energia Auditing Committee by the 2014 performance, in the total amount of 345,9 thousand rubles, having distributed it as follows:A. V. Ardeev – 33,0 thousand rublesV.V. Bulatov – 45, 6 thousand rublesP.Y. Grishina – 29,7 thousand rublesP.Y. Dubrovin – 39,6 thousand rublesL.V. Yeliseeva – 79,2 thousand rublesM.Y. Kiseleva – 39,6 thousand rublesY.P. Polezhaeva – 79,2 thousand rubles

Review of draft in-house documents regulating the Corporation bodies activity:Redrafted Articles of Incorporation of RSC Energia;Provision on the Corporation Board of Directors;Provision on general shareholders meetings of the Corporation;Provision on the Corporation Management Board;Provision on single-member executive body of the Corporation;Provision on the Auditing Committee of the Corporation.

Resolutions passed:Due to the fact that draft Articles of Incorporation of RSC Energia and in-house documents

regulating the Corporation bodies activity (Provision on general shareholders’ meetings of the Corporation; Provision on the Corporation Board of Directors; Provision on the Corporation Management Board; Provision on single-member executive body of the Corporation; Provision on the Auditing Committee of RSC Energia) require updating and additional agreement with the shareholders, fix a later date for their consideration. Not to present the draft documents listed above to the shareholders telling them that no proposals for their approval are currently available at the Board of Directors for consideration at general shareholders meeting.

29.05.2015 Meeting as absentee voting (Minutes No 19 of 01.06.2015)Items on the Agenda:

Review of Work Program for AO Teplo RSC Energia for 2015.Resolutions passed:

1. Approve redistribution of lines of activity between AO Teplo RSC Energia and RSC Energia relative to transfer of the following activities to RSC Energia since 01.07.2015: - generation of thermal energy as steam;- generation of thermal energy as hot water;- production of coolant.2. Approve redistribution of lines of activity between AO Teplo RSC Energia and ZAO ZEM RSC Energia, relative to transfer of the following activities to ZAO ZEM RSC Energia, since 01.07.2015: - generation of high-pressure air; - generation of low-pressure air.3. Forward Work Program for AO Teplo RSC Energia for 2015  for updating, with a repeat review at full-time Board of Directors meeting of the Corporation held in July 2015. 4. Entrust RSC Energia management with making the required amendments to the Work Program for 2015, with due regard for the scheduled measures aimed to redistribute activities and optimize operation of power supply departments and electric power consumption.

On interested-party transactions.Transactions between RSC Energia and OAO «Russian Space Systems». 1. Determine an approximate price of work under Contract No 07-5/2015 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of development effort component (DEC): “Automated data exchange system” (without implemented mode of integrated digital stream (IDS) for assured interface with command-measurement station (KIS) Klen and KIS Klen-R during flight control of transport cargo vehicle (TCV) Progress-MS at the rate of 14 355,01 thousand rubles with no VAT.

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2. Approve the transaction, Contract No 07-5/2015 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for performance of development effort component (DEC): “Automated data exchange system” (without implemented mode of integrated digital stream (IDS) for assured interface with command-measurement station (KIS) Klen and KIS Klen-R during flight control of transport cargo vehicle (TCV) Progress-MS at the price of 14 355,01 thousand rubles with no VAT.3. Fix firm price of work under additional Agreement No 2 to Contract No 020/8/13 of 01.10.2013 between the Customer, RSC Energia, and the Contractor, OAO «Russian Space Systems», for DEC on the subject: “International-Legal Protection of Frequency Assignments for Satellite Networks GTS, CUP, MBRL-SM, MBRL-SC, POTOK-ISS, DTRS-ISS, EKTS radiosystem and radar with synthetic aperture Mini-RSA forming part of the ISS, at the rate of 3 682,67 thousand rubles with no VAT, including firm price under Phase 3 of the Contract to the extent of 2 332,67 thousand rubles4. Approve the transaction, additional Agreement No 2 to Contract No 020/8/13 of 01.10.2013 between the Customer, RSC Energia, and Contractor, OAO «Russian Space Systems», for conversion of the contract approximate price into firm price at the rate of 3 682,67 thousand rubles with no VAT, including conversion of approximate price under Phase 3 into firm price at the rate of 2  332,67 thousand rubles.

15.06.2015 Meeting as absentee voting (Minutes No 20 of 15.06.2015)Items on the Agenda:

Interested-party transactions between RSC Energia and AO Teplo RSC Energia.Resolutions passed:

1.  Determine price of property (real property of 2 items in number) under sale contract No 26 between the Seller, AO Teplo RSC Energia, and the Buyer, RSC Energia, at the rate of 437 572, 32 rubles (including VAT of 18% to the extent of 66 748,32 rubles). 2. Approve purchase and sale transaction with respect to property (real property):- ground high-pressure pipeline, extent of 13,90 m,- underground high-pressure pipeline, extent of 29,40 m(2 items altogether) under Contract No 26 between the Seller, AO Teplo RSC Energia, and the Buyer, RSC Energia, at the price of 437 572,32 rubles (incl. VAT of 18% to the extent of 66 748,32 rubles). 3. Determine price of property (movable property of 129 items in number) under sale contract No 23 between the Seller, AO Teplo RSC Energia, and the Buyer, RSC Energia, at the rate of 259 130 815,48 rubles (including VAT of 18% to the extent of 39 528 429,48 rubles).4. Approve purchase and sale transaction with the property (movable property) (altogether 129 items) under Contract No 23 between the Seller, AO Teplo RSC Energia, and the Buyer, RSC Energia, at the price of 259 130 815,48 rubles (including VAT of 18% to the extent of 39 528 429,48 rubles).

24.06.2015Meeting as absentee voting (Minutes No 21от 24.06.2015)Items on the Agenda:

Setting up working bodies for the Corporation annual general shareholders’ meeting: Presidium Secretariat.

Resolutions passed:1. Set up Presidium for the Corporation annual general shareholders’ meeting in the following membership:

Anatoly Anatolievich Gavrilenko Nikolai Ivanovich ZelenschikovAndrei Nikolaevich KlepachIgor Anatolievich KomarovAlexandr Alexandrovich KuznetsovVitaly Alexandrovich LopotaAndrei Sergeevich NikitinSergei Alexandrovich NikitinAlexei Viktorovich Nuzhdov

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Maxim Valerievich PetrovAlexei Konstantinovich PonomarevVladimir Lvovich SolntsevVladimir Alekseevich Soloviov.

2. Set up Secretariat of the Corporation annual general shareholders’ meeting in the following membership:

Galina Vladimirovna PiskarevaVladimir Yevgenievich Sysolyatin.

Approval of the chair at annual general shareholders’ meeting.Resolutions passed:

Approve Vladimir Alekseevich Soloviov as the Chair of the Corporation annual general shareholders’ meeting

Defining chairperson of the Corporation annual general shareholders’ meetingResolutions passed:

Should the Chairman of the Board of Directors of the Corporation or his deputy be absent at the annual general shareholders’ meeting, define Maxim Valerianovich Petrov as the chairperson at the Corporation annual general shareholders’ meeting.

On the candidate for external auditor of the Corporation for 2015. Approval of an amount of payment for audit services by the results of the held contest for selecting auditing organization.

Resolutions passed:1. Take note of information about the candidate for the Corporation auditor for 2015, ZAO HLB Vnesh Audit, which was the winner of the open contest for selecting auditing organizations for conducting statutory annual audit.2. Approve an amount of payment for audit services which include auditing of financial statements by: RAS and consolidated financial statements by IAS of the Corporation for 2015 in the amount of 10 327 360,00 rubles, including VAT making up 1 575 360,00 rubles.

On procurement activity results of the Corporation for the 1st quarter of 2015.Resolutions passed:

Take note of the report on procurement activity results of the Corporation for the 1 st quarter of 2015.

Consideration of the main provisions for intellectual activity results management.Resolutions passed:

Approve the Main Provisions for Intellectual Activity Results Management.Charge the Corporation management with implementing the Action Plan for fulfilment of the Main Provisions for Intellectual Activity Results Management at RSC Energia till the end of 2015.

Review of the report made by AO Teplo RSC Energia on execution of its Work Program for 2014.

Resolutions passed:1. Take note of the report submitted by AO Teplo RSC Energia on the Work Program execution results for 2014.2. Note the fact of failure to reach the indicators by the 2014 performance by volume of proceeds (actual figure of 1 409,7 million rubles against target figure of 1 650,2 million rubles) and net profit; take note of the loss incurred (loss at the rate of 268,0 million rubles against target profit figure of 2,2 million rubles).3. Take note of the financial statements prepared by AO Teplo RSC Energia for 2014.

On furnishing charitable assistance.Resolutions passed:

In connection with an appeal made by motion picture studio “Master” (film director Y.V. Kara) to furnish charitable assistance for sponsoring the film entitled “The Chief”, furnish charitable assistance at the rate of 2 (two) million rubles.

Resolutions passed:No decision was taken.

Report on implementation of the Corporation innovative development program for 2014.Resolutions passed:

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1. Approve the Report on implementation of the Corporation innovative development program for 2014.2. Take note of failure to reach key performance indicators stated the Innovative Development Program by the proceeds, net profit and R&D expenditure level.

On interested-party transactions.Resolutions passed:

o Transactions between RSC Energia and OAO NPO EnergomashApprove the transaction between the Customer, OAO NPO Energomash, and Contractor, RSC Energia, under additional Agreement No 3 (on postponement of the contract due dates) to Contract No.217/043-2013 of 30.12.2013 for development effort component on the subject “Electromechanical drive” which provides for:-postponement of the due dates for work performance under Phase 2 to 30.04.2015;-breakdown of the work foreseen under the contract Phase 3 into Phase 3 and Phase 4 and setting the dates for the work performance:under Phase 3: from 01.01.2014 till 30.08.2015under Phase 4: from 01.01.2014 till 30.09.2018o Transactions between RSC Energia and AO RKTs Progress

1. Determine firm price of work under additional Agreement No 1 to Contract No 27/БФ-2015 of 11.02.2015 between the Customer, RSC Energia, and the Contractor, AO RKTs Progress, for DE C on the subject “Taking part in performance of work on pressure leak tests of compartments and systems as part of TMV Soyuz ТМА” at the rate of 2 670, 117 thousand rubles, including VAT of 0% phased as follows: Phase 1 – 2 670, 117 thousand rubles, with VAT of 0%.2. Approve the transaction, additional Agreement No 1 to Contract No 27/БФ-2015 of 11.02.2015 between the Customer, RSC Energia, and the Contractor, AO RKTs Progress on conversion of the contract approximate price into firm price at the rate of 2 670,117 thousand rubles, including VAT of 0%, including conversion of Phase 1 approximate price into firm price at the rate of 2 670, 117 thousand rubles, with VAT of 0%.

25.06.2015 Meeting (Minutes No 22 of 29.06.2015)Items on the Agenda:

Report on the Corporation Work Program execution for the 1st quarter of 2015, including the Corporation budget implementation; fulfillment of State Defense Order assignments.

Resolutions passed:1.Take note of the report on the Corporation Work Program execution for the 1st quarter of 2015, including the Corporation budget implementation; fulfillment of State Defense Order assignments.2. Note the fact of significant failure to execute the Work Program of the Corporation for the 1st quarter of 2015.3. Task the Corporation Management to prepare and submit the following materials to the Board of Directors at the next full-time meeting (due dates: July 27-31, 2015):- report on execution of the Corporation Work Program for the 1st six months of 2015; - action plan to bring the critical situation with the Corporation Work Program back to normal.

Presentation of the Corporation current financial position analysis. Resolutions passed:

1. Take note of the submittals.2. Note unsatisfactory financial-economic position of the Corporation resulting from inefficient activities of the Corporation management from 2010 through 2013.3. Task the Corporation management to present to the Board of Directors proposals for each project aimed to improve project economics/project feasibility/project/contract optimization indicating specific results for each project, as well as action plan to implement the above proposals/results for each project. Due date: 30.07.2015.

Review of RSC Energia Group performance by IAS financial statements for 2014. Resolutions passed:

1. Take note of the consolidated financial statements of RSC Energia Group for 2014 noting that they were prepared, submitted and issued in due time.2. Note that the Corporation incurred greater losses and its profitability declined as compared with those over the previous period (2013) which was due, mainly, to building up reserves

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under the ***** Project, as well as the results of ZAO PA Cosmos and AO Teplo RSC Energia operation.3. Call the Corporation management attention to loss-making lines of activity and task the Corporation management to work out measures to bring the existing situation back to normal within the instructions given and in accordance with the resolution passed by this Board of Directors meeting concerning item 2.

Review of ZAO ZEM RSC Energia report on execution of its work program for 2014.Resolutions passed:

As per provisions of Article 28 (para 1, subpara 48) of RSC Energia Articles of Incorporation and according to the resolution adopted by the Corporation Board of Directors relative to the approved List of SAC of considerable importance to the Corporation, as well as the list of issues to be preliminarily considered by the Corporation Board of Directors in connection with these SAC (Minutes No10 of 12.12.2014), approve by prior arrangement the report on the Work program execution for 2014 submitted by ZAO ZEM RSC Energia.

Review of ZAO ZEM RSC Energia Work Program for 2015.Resolutions passed:

1. As per provisions of Article 28 (para 1, subpara 48) of RSC Energia Articles of Incorporation and according to the resolution adopted by the Corporation Board of Directors relative to the approved List of SAC significantly important for the Corporation, as well as the list of issues to be preliminarily considered by the Corporation Board of Directors in connection with these SAC (Minutes No10 of 12.12.2014), approve by prior arrangement the Work program for ZAO ZEM RSC Energia for 2015.2. Recommend the Corporation Management to organize an integrated process of budgeting and records analysis of ZAO ZEM RSC Energia making it part of overall budgeting process of OAO URSC (with the method of making it part of OAO URSC overall budgeting process being agreed upon in the course of work).3. Task the Corporation management to set KPI (with OAO URSC KPI certificates taken as a benchmark) for assessment of ZAO ZEM RSC Energia management performance.

SAC management and optimized handling non-core assets of RSC Energia.Resolutions passed:

1. Take note of the submitted proposals for SAC and Corporation non-core assets management system. 2. Approve philosophy of SAC and non-core assets management with due regard for the comments made.3. Recommend the Corporation management to organize an integrated process of SAC budgeting and records analysis.4. Set KPI indicators developed for each particular SAC (with OAO URSC KPI certificated taken as a benchmark) with due regard for specific character of their activities, for assessment of SAC management performance.5. Task the Corporation management to develop and set comparable target indicators of efficient management of RSC Energia non-core assets, with a possibility for an impartial assessment of Department 3DP performance.6. Submit the report on SAC and non-core assets management for consideration of the Board of Directors in the 4th quarter of 2015.

Consideration of annual Board of Directors committees performance reports. Resolutions passed:

1. Approve the report made by the Committee on Audit of RSC Energia Board of Directors for the 2014-2015 period.2. Approve the report made by the Committee on Personnel and Remuneration of RSC Energia Board of Directors for the 2014-2015 period. Call RSC Energia management’s attention to quality of the submittals for the meetings held by the Committee on Personnel and Remuneration of RSC Energia Board of Directors.3. Approve the report made by the Committee on Strategic Planning, Modernization and Innovative Development at the Corporation Board of Directors for the 2014-2015 period.

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30.07.2015 Meeting (Minutes No 1 of 03.08.2015)Items on the Agenda:

On election of RSC Energia Chairman of the Board of Directors.Resolutions passed:

Elect Igor Anatolievich Komarov as the Chairman of the Board of Directors of RSC Energia On election of Deputy Chairman of the Board of Directors of RSC Energia.

Resolutions passed:Elect Andrei Nikolayevich Klepach as the Deputy Chairman of the Board of Directors of RSC Energia.

Election of staff of the Corporation Board of Directors Committees, election of the Committees Chairmen.

Resolutions passed:1. Amend the Provision on the Committee on Personnel and Remuneration of RSC Energia

Board of Directors by adding to item 5.1 the following paragraph: “Representatives of the Corporation management and outside expert can serve on the Committee”.

2. Amend the Provision on the Committee on Strategic Planning, Modernization and Innovative Development of RSC Energia Board of Directors stating item 4.2 in the following wording: “Committee members are elected at the meeting of a newly-staffed Board of Directors of the Corporation from the Board of Directors members for a period till election of the next membership of the Corporation Board of Directors by RSC Energia general shareholders’ meeting. In so doing, independent member of the Board of Directors cannot serve simultaneously on more than 2 (two) Committees. The Committee can include representatives of the Corporation management and outside experts. Decision on election of the Committee members is taken by simple majority of the votes of the total number of the Corporation Board of Directors members.3. Approve staff of the Corporation Board of Directors Committees:• Committee on Personnel and Remuneration:

A.A. Vuchkovich, A.S. Nikitin (Committee Chairman), A.V. Nuzhdov, M.V. Petrov.• Committee on Audit:

A.V. Ardeev, S.A. Nikitin (Committee Chairman), A.V. Nuzhdov, M.V. Petrov, D.N. Chirkin.• Committee on Strategic Planning, Modernization and Innovative Development:

Yu.V. Vlasov, A.A. Gavrilenko, V.A. Davydov, A.N. Klepach (Chairman), S.A. Nikintin, V.L. Solntsev.

Review of the Corporation report on execution of its Work Program for the 1 st six months of 2015.

Resolutions passed:1. Take note of the submitted information about execution of the Corporation Work Program for the 1st six months of 2015 relative to selling commercial products.2. Note that indicator “Selling commercial products” by the 1st six months of 2015 was not reached (actual figure of 12 193,3 million rubles against target figure of 15 575,5 million rubles).3. Task the Corporation management to ensure consideration of the report on execution of the Corporation Work Program for the 1st six months of 2015 in full volume at the Board of Directors in due time till 15.09.2015. Furthermore, submit to the Board of Directors the list of measures to provide profit-yielding part of the Program by the yearly results in full volume.

Review of action plan to settle problem issues under RSC Energia project. Resolutions passed:

1. Elaborate the Action Plan to settle problem issues of the projects being implemented by RSC Energia by adding financial result for each particular project according to the decision taken at RSC Energia Board of Directors meeting held on 25.06.2015 (item 2.3 of Minutes No 22 of 29.06.2015).2. Task the Corporation management to submit the updated Action Plan to settle problem issues of the projects being implemented by RSC Energia for consideration at the Corporation Board of Directors within the period till 15.09.2015.

Consideration of the Program of Strategic Reorganization at RSC Energia.

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Resolutions passed:1. Take note of the proposed Program of Strategic Reorganization at RSC Energia.2. Elaborate the Program of Strategic Reorganization by RSC Energia management with due regard for the comments made in the course of the discussion and submit it for repeat consideration to the Board of Directors.3. Task the Corporation management within the period till October 1, 2015 to make an assessment of ZAO PA Cosmos package of shares owned by RSC Energia and AO NPO Energomash package of shares owned by ZAO ZEM RSC Energia with the aim to sell the above packages of shares; agree work specification (assessment procedure), appraiser candidacy and assessment results with the Corporation Board of Directors. Not to hold negotiations with potential buyers of the above joint-stock companies shares prior to approval of the assessment results at the Corporation Board of Directors meeting.

Review of ZAO PA Cosmos report on execution of the Work Program for 2014. Consideration of ZAO PA Cosmos Work Program for 2015.

Resolutions passed:1. Take note of ZAO PA Cosmos report on the results of the Work Program execution for 2014. 2. Note that target indicator by volume of proceeds by the 2014 performance is not reached (actual figure of 673,7 million rubles against target figure of 758,3 million rubles); pay due attention to increased size of losses (losses at the rate of 105,4 million rubles against target figure of losses of 30,6 million rubles). Consider ZAO PA Cosmos operation unsatisfactory by the 2014 performance.7.3. Pending final decision on further use of ZAO PA Cosmos stock, task the Corporation management to take action to keep ZAO PA Cosmos going in the scope required to preserve flight staff of the enterprise and prevent recall of licenses for its core activities.

On strategic projects of the Corporation.Resolutions passed:

Resolution is confidential.

30.07.2015 Meeting as absentee voting (Minutes No 2 of 04.08.2015)Items on the Agenda:

On changing the Corporation Management Board membership.Resolutions passed:

1. Determine staff of the Corporation Management Board – 16 persons.2. Add to the staff of the Corporation Management Board Evgeny Alekseevich Yermakov, the Head of the Chief Engineer Department of the Corporation.

On cases of the claims in the 1st six months of 2015 associated with defects (failures) of the complexes (systems) and armament and defense technology products due to non-conformity with the customer’s requirements and making the managers and officials of the organization responsible.

Resolutions passed:Note that there were no claims in the 1st six months of 2015 from state customers intended for RSC Energia with respect to the complexes (systems) and defense technology products due to non-conformity with the customer’s requirements.

On performance of the tasks set by the previous Board of Directors.Resolutions passed:

Take note of information about performance of the tasks set by the previous Board of Directors.

On performance of the task set by the Board of Directors relative to control over payment of the share owned by OOO IPROVEN RSC Energia.

Resolutions passed:1. Take note of information about progress in performance of the task set by the Board of Directors with respect to control over payment of the share owned by OOO IPROVEN RSC Energia.

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2. Charge the Corporation management with submitting to the Corporation Board of Directors additional information about the results of court proceedings (after the trial is over).

On interested-party transactions.Resolutions passed:

o Transaction between RSC Energia and OAO Consortium «Kosmicheskaya Regata»1. Determine price under Lease Agreement No 82-701/2015 between the lessor, RSC Energia, and the lessee, OAO Consortium «Kosmicheskaya Regata», for lease of part of nonresidential premise with a total area of 10.7 m2 located at the following address: 1A Grabin Street, Korolev city, Moscow Region, 141070, over the period from 01.06.2015 through 31.12.2015 at the rate of:-fixed part of rent payment of 45 127,25 rubles, including VAT of 18%, and-variable part of rent payment, including electric power costs to be calculated on a monthly basis based upon the calculated monthly average consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of variable part of the rent payment will be 3 850,00 rubles, including VAT of 18%.Thus, limit price of the Agreement will be 48 977,25 rubles, including VAT of 18%.2. Approve the transaction, Lease Agreement No 82-701/2015 between the lessor, RSC Energia, and the lessee, OAO Consortium «Kosmicheskaya Regata», on putting out on loan during the period from 01.06.2015 till 31.12.2015 of part of nonresidential premise with a total area of 10.7 m2 located at the following address: 1A Grabin Street, Korolev city, Moscow Region, 141070, for conducting activity stipulated by the lessee’s Articles of Association, at the price over the entire lease period consisting of fixed part of rent payment of 45  127,25 rubles, including VAT of 18%, and variable part of rent payment, including electric power costs to be calculated on a monthly basis based upon the calculate monthly average consumption of electric power by rated capacity of equipment.Limit (maximum possible) cost of variable part of the rent payment will be 3 850,00 rubles, including VAT of 18%.Thus, limit price of the Contract will be 48 977,25 rubles including VAT of 18%.o Transaction between RSC Energia and OOO Energia SAT.

1. Determine price under Lease Agreement No 21-701/2015 between the lessor, RSC Energia, and the lessee, OOO Energia Sat, for lease of nonresidential premise with a total area of 36,9 m2 for a period of time starting no earlier than from 01.08.2015; additional premises, with a total area of them no more than 201,9 m2 located at the following address: 1a Grabin Street, Korolev city, Moscow Region, for the period from 01.01.2015 through 30.11.2015 at the rate of no more than 834 544,75 rubles, including VAT of 18%, as well as with an additional compensation of costs of electric power consumed to the lessor in the premises under lease in accordance with readings of electricity meters.2. Approve the transaction, Lease Agreement No 21-701/2015 between the lessor, RSC Energia and the lessee, Energia SAT, as well as the terms of additional Agreement hereto on putting out on loan from 01.01.2015 to 30.11.2015 nonresidential premise with an area of 36,9 m2; additional premises for a period of time starting no earlier than from 1.08.2015; with a total area of the above premises of no more than 201,9 m2 located at the following address: 1a Grabin Street, Korolev city, Moscow Region, at the price for the entire lease period of no more than 834 544,75 rubles, including VAT of 18%, as well as with an additional compensation of costs of electric power consumed to the Lessor in the premises under lease according to readings of electricity meters.o Transaction between RSC Energia and OAO NPO Energomash

1. Fix a total approximate price of ADC (analog-to-digital converters) under additional Agreement No2 to Contract No 985-14-532-97/13Ц-2014 between the contractor, RSC Energia, and the customer, OAO NPO Energomash, at the rate of 972 739 289,4 rubles, including VAT of 18%, 148 383 959,40 rubles.Fix firm price of ADC to be delivered from 01.07.2015 through 31.12.2015, in accordance with the updated Delivery Schedule No1 (28 items) at the rate of 120 711 309,6 rubles, including VAT of 18%, 18 413 589,60 rubles.

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2. Approve the transaction, additional Agreement No 2 to Contract No 985-14-532-97/13Ц-2014 between the contractor, RSC Energia, and the customer, OAO NPO Energomash, under which the quantity of goods to be manufactured and delivered is increased up to 230 ADC items; the delivery time of the goods will be extended up to April 2018 with the Delivery Schedule updated accordingly; total approximate price of ADC rises up to 972 739 289,4 rubles, including VAT of 18%, 148 383 959,40 rubles; firm price of 28 ADCs delivered from 01.07.2015 through 31.12.2015 in accordance with the updated Delivery Schedule No 1 is determined at the rate of 120 711 309,6 rubles, including VAT of 18%, 18 413 589,60 rubles.

On liquidation of closed joint-stock company “Energia Domestic Appliances”.Resolutions passed:As per Articles of Incorporation of RSC Energia, Art. 28, item 1, para 51, adopt the following position by the Corporation until the decision of the only shareholder, ZAO ZEM RSC Energia, has been clearly defined, in order to decide on liquidation of ZAO EDA:Consider it advisable to liquidate Closed Joint-Stock Company “Energia Domestic Appliances” whose only shareholder is ZAO ZEM RSC Energia.

04.09.2015 Meeting as absentee voting (Minutes No 3 of 07.09.2015)Items on the Agenda:

On interested-party transactions.Resolutions passed:

o Transaction between RSC Energia and ZAO Energia - Telecom1. Determine fixed price under Contract No ЕТ2015-17/57/14Ц-2015 between the contractor, RSC Energia, and the customer, ZAO “Energia-Telecom”, for development and delivery of documentation as pilot project (technical proposals) materials with respect to:- development, manufacture, launch and in-orbit acceptance of spacecraft Energia-100;- resupply of the existing ground control complex (GCC), and organized control in all flight phases,at the rate of 15 000 000, 00 rubles, including VAT of 18%, 2 288 135,59 rubles.2. Approve the transaction, Contract No ЕТ 2015-17/57/14Ц-2015 between the contractor, RSC Energia, and the customer, ZAO “Energia-Telecom”, for development and delivery of documentation as pilot project (technical proposals) materials with respect to:- development, manufacture, launch and in-orbit acceptance of spacecraft Energia-100;-resupply of the existing ground control complex (GCC) and organized control in all flight phases,at the price of 15 000 000, 00 rubles, including VAT of 18%, 2 288 135,59 rubles.Work performance period: 3 (three) months from the date of signing the contract.o Transaction between RSC Energia and AO Teplo RSC Energia.

1. Determine price under additional Agreement No2 to Contract No 61/246-13 between the lessor, RSC Energia, and the lessee, AO Teplo RSC Energia, for lease of service lines (electric mains, water-supply pipeline network, faecal sewerage, 32 items altogether, the list of which is given below) for 1 year (from 01.07.2015 through 30.06.2016) at the rate of 8 936 671,87 rubles.2. Approve the transaction, additional Agreement No2 to Contract No 61/246-13 between the lessor, RSC Energia, and the lessee, AO Teplo RSC Energia, on changing the list of property let on lease, according to which the service lines are given for lease: (altogether 32 items) and changing annual rent payment up to 8 936 671,87 rubles.o Transaction between RSC Energia and AO NPP “Geophysics-Cosmos”

1. Determine an approximate price under Contract No 1420/8001 between the Customer, RSC Energia, and the Contractor, AO NPP “Geophysics-Cosmos” for performance of development effort component (DEC): “Doing additional calculations and testing of device ***** to be used as part of article MTV” at the rate of 1 580 100 rubles, with no VAT.2. Approve the transaction, Contract No 1420/8001 between the Customer, RSC Energia, and the Contractor, AO NPP “Geophysics-Cosmos” for performance of development effort component (DEC): “Doing additional calculations and testing of device ***** to be used as

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part of article MTV” at the price of 1 580 100 rubles, with no VAT, commencement date of January 2015 and completion date of October 15, 2015.o Transaction between RSC Energia and AO NPO IT

1. Determine fixed price under Contract No 75/9Ц-2015 between the Customer, AO NPO IT, and the Contractor, RSC Energia, for work performance on the subject “Acoustical tests of products” at the rate of 500 000 rubles, including VAT of 18%, 76 271,19 rubles.2. Approve the transaction, Contract No 75/9Ц-2015 between the Customer, AO NPO IT, and the Contractor, RSC Energia, for work performance on the subject “Acoustical tests of products” at the price of 500 000 rubles, including VAT of 18%, 76 271,19 rubles. Work performance period is from 10.08.2015 through 30.11.2015.Contract terms extend to the parties relations arising since August 10, 2015.

28.10.2015 Meeting as absentee voting (Minutes No 4 of 29.10.2015)Items on the Agenda:

Report on execution of the Work Program by ZAO ZEM RSC Energia for the 1 st six months of 2015.

Resolutions passed:As per provisions set forth in RSC Energia Articles of Incorporation, article 28 (item 1, para 48) and as resolved by the Corporation Board of Directors with respect to approval of the List of SAC significantly important for RSC Energia, as well as the List of issues to be considered preliminarily by its Board of directors regarding these SAC (Minutes No 10 of 12.12.2014), take note of the report on execution of the Work Program by ZAO ZEM RSC Energia for the 1st six months of 2015.

On Corporation procurement activity results for the 2nd quarter of 2015.Resolutions passed:

Take note of the report on RSC Energia procurement activity results for the 2nd quarter of 2015. On General Director of ZAO ZEM RSC Energia.

Resolutions passed:As per para 47, item 1, Art. 28 of the Corporation Articles of Association, agree upon the candidacy of Sergei Yurievich Shachnev proposed by the Corporation Management Board for election to the post of General Director of ZAO ZEM RSC Energia.

Approval of the Corporation Board of Directors meetings plan for the 2015-2016 periodResolutions passed:

Approve the Meetings Plan of the Corporation Board of Directors for the 2015-2016 period.Approve the Meetings Plan of the Corporation Board of Directors for the 2015-2016 period

On selling shares of ZAO Stankolizing.Resolutions passed:

As per para 51, item 1, Art. 28 of RSC Energia Articles of Incorporation, define the following position taken by RSC Energia when elaborating decision by the only participant of OOO “RSC Energia – Finans” with respect to ZAO Stankolizing:

Consider it advisable to alienate 1 110 shares (74% of the charter capital) of ZAO Stankolizing by OOO RSC Energia – Finans” for the benefit of a third person at the price of 2  700 000 rubles which exceeds the market value determined based upon independent appraiser’s estimated value (OA BDO Unikon).

06.11.2015 Meeting as absentee voting (Minutes No 5 of 09.11.2015)Items on the Agenda:

Review of draft Procedure for preparation and taking decisions on effecting the transactions which entail alienation/encumbrance of real property owned by RSC Energia/ RSC Energia’s SAC for a period more than one year.

Resolutions passed:Approve the Procedure for preparation and taking decisions on effecting the transactions which entail alienation/encumbrance of real property owned by RSC Energia/RSC Energia’s SAC for a period more than one year.

On updating the List of the Corporation representatives in the membership of RSC Energia’s SAC auditing committees:

Resolutions passed:

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Agree upon the candidacies of S.P. Vishnyakov, I.V. Dubinskaya, O.S. Lazareva, V.N. Treschilin for election to the auditing committees of ZAO PA Cosmos and AO Teplo RSC Energia as members for 2015.

On changing staff of the Corporation Management Board. Resolutions passed:

Approve changes in the Corporation management Board staff with no changes in the Management Board composition by the number of its members by electing Nikolai Anatolievich Pirogov, the Vice-President for interaction with state administration bodies, to the Corporation Management Board.

10.11.2015 Meeting (Minutes No 6 of 13.11.2015)Items on the Agenda:

Review of the Corporation performance report for the 1st six months 2015.Resolutions passed:

1. Take note of the report on execution of the Corporation Work Program for the 1st six months of 2015, including the Corporation budget implementation, as well as the report on progress in fulfillment of the state defense order assignments.2.  Note that the budget revenues figures were not reached (nonfulfilment for the amount of 3,4 bln rubles). Budget revenues for the 1st six months reached only 78% of the target figure.

Take note of net profit indicator not reached by the amount of 116 mln rubles or it came to just 35% of the approved budget figure.3. Note that it is inadmissible to make significant changes in the approved investment budget without their preliminary agreement with the Board of Directors. 4. Submit information about accrued loan charges under the ***** Project to the Board of Directors members, as well as management position concerning possible prospects for and loan repayment periods and accrued interest payment. When drawing up financial statements for 2015, present the management position regarding the loans and accrued charges to the auditors and the Committee on Audit at the Board of Directors. 5. When preparing the budget for 2016, place for consideration and approval of the Board of Directors business plan of investment project “Setting up full-scale joint production of composite materials”.

Review of the updated Action Plan to settle critical issues concerning the projects being implemented by RSC Energia (task to Board of Directors, Minutes No1).

Resolutions passed:Approve the Action Plan to settle critical issues concerning the projects being implemented by RSC Energia, with due regard for the comments made.Submit the report on progress in execution of the Action Plan to settle critical issues concerning the projects being implemented by RSC Energia. Due dates: during review of the company budget for 2016.

Review of the Work program of AO Teplo RSC Energia for 2015.Resolutions passed:

1. As per provisions of Article 28 (item 1, para 48) of RSC Energia Articles of Incorporation and as decided at the Corporation Board of Directors with respect to approval of the List of SAC of significant importance to the Corporation and the list of the issues to be preliminarily considered at the Corporation Board of Directors regarding these SAC (Minutes No 10 of 12.12.2014), preliminarily approve the Work Program of AO Teplo RSC Energia for 2015 with due regard for the measures taken to optimize power services and costs, taking into account the comments made.2. Should any possibility of interested – party transactions arise during committed loans transfer, ensure their timely submission for consideration by the Corporation management to RSC Energia Board of Directors.

RSC Energia’s withdrawal from OOO International Space Services.Resolutions passed:

As per para 34, item 1, Art. 28 of the Corporation Articles of Incorporation, approve RSC Energia’s withdrawal from OOO International Space Services by applying for withdrawal from the above Limited Liability Company.

On the nominated candidate for the position of the Chief internal auditor of the Corporation.Resolutions passed:

Ass par para 55, item 1, Art. 28 of the Corporation Articles of Incorporation, agree upon the candidacy of Alexei Yevgenievich Kopyev nominated to the position of the Chief internal auditor of the Corporation.

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On appraiser of shares owned by ZAO PA Cosmos and property of the Corporation aviation complex at Vnukovo-3.

Resolutions passed:Approve the nominee of NAO Euroexpert to be brought in for performance of services for evaluation of block of shares of ZAO PA Cosmos owned by RSC Energia, as well as assessment of aviation assets of RSC Energia at Bnukovo-3.

On interested-party transactions.Resolutions passed:

1. Note that it is necessary to submit the interested-party transactions materials for consideration of the Board of Directors prior to effecting these transactions and actual commencement of work.2. Charge the Corporation management to keep the Board of Directors members informed about current interested-party transactions.3. Recommend the Committee on Audit at the Corporation Board of Directors to pay special attention to exercising control over following the procedures for effecting interested-party transactions during review of the Action Plan for internal audit department.

27.11.2015 Meeting as absentee voting (Minutes No 7 of 02.12.2015)Items on the Agenda:

On appraiser of block of shares of AO NPO Energomash.Resolutions passed:

Approve the candidacy of OOO LAIR to be brought in to perform services for evaluation of block of shares of AO NPO Energomash owned by ZAO ZEM RSC Energia.

04.12.2015 Meeting as absentee voting (Minutes No 8 of 04.12.2015)Items on the Agenda:

On terms of the Labor Agreement with the Chef internal auditor of the Corporation.Resolutions passed:

Approve the following basic terms of the Labor Agreement to be entered into with the Chief internal auditor of the Corporation:- salary level of 250 thousand rubles;- compulsory probation period of 3 (three) months;- irregular working hours with 3 additional days of holidays provided for irregular working hours;- main vacation is 28 calendar days;- granting benefits package existing for all employees of the Corporation.

28.12.2015 Meeting as absentee voting (Minutes No 9 of 29.12.2015)Items on the Agenda:

Make technical assignment consistent with the procedure for evaluation of ZAO PA Cosmos block of shares and property of the Corporation aviation complex at Vnukovo-3.

Resolutions passed:Approve the assignment for evaluation of ZAO PA Cosmos block of shares and property of the aviation complex owned by RSC Energia. Approve the evaluation procedure based upon three approaches (cost, income and comparative). If any method is excluded from the evaluation process, the report shall give reasons for its not being used. 

29.12.2015 Meeting as absentee voting (Minutes No 10 of 31.12.2015)Items on the Agenda:

Review of the Report on ZAO ZEM RSC Energia performance for the 9 months of 2015.Resolutions passed:

As per provisions of Article 28 (item1, para 48) of RSC Energia Articles of Incorporation and as resolved by the Corporation Board of Directors with respect to the approved List of SAC significantly important for the Corporation, as well as the list of issues to be preliminarily considered by RSC Energia Board of Directors on these SAC (Minutes No 10 of 12.12.2014), take note of the Report on execution of the Work Program of ZAO ZEM RSC Energia for the 9 months of 2015.

On the Corporation procurement activity results for the 9 months of 2015.Resolutions passed:

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Take note of the report on procurement activity results of RSC Energia for the 9 months of 2015. Report for the 3rd quarter of 2015 on cases of the claims associated with defects (failures) of

the Complexes (systems) and armament and defense technology products due to their non-conformity with the customer’s requirements and making the managers and officials of the organization responsible.

Resolutions passed:Take note of information about absence of the claims from state customers lodged against RSC Energia concerning complexes (systems) and defense technology products due to their non-conformity with the customer’s requirements in the 3rd quarter of 2015.

 On interested-party transactions.Resolutions passed:

o Transaction between RSC Energia and OAO Consortium «Kosmicheskaya Regata»1. Determine price under Lease Agreement No 163-701/2015 between the lessor, RSC Energia, and the lessee, OAO Consortium «Kosmicheskaya Regata», for lease of part of non-residential premise with a total area of 10,7 m2, located at the following address: 1A Grabin Street, Korolev, Moscow Region, 141070 from 01.01.2016 till 30.12.2016 at the following rate:-fixed part of rent payment of 77 361 rubles, including VAT of 18%, and-variable part of rent payment which includes electric power costs, to be calculated on a monthly basis proceeding from the calculated monthly average consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of variable part of rent payment will be 3 000 rubles, including VAT of 18%.Thus, limit price of the Agreement will be 80 361 rubles, including VAT of 18%.2. Approve the transaction, Lease Agreement No 163-701/2015 between the lessor, RSC Energia, and the lessee, OAO Consortium «Kosmicheskaya Regata», on putting out on loan during the period from 01.01.2016 till 30.12.2016 of part of nonresidential premise with a total area of 10,7 m2, located at the following address: 1A Grabin Street, Korolev, Moscow Region, 141070, for conducting activity stipulated by the Lessee’s Articles of Incorporation, at the price over the entire lease period, consisting of fixed part of rent payment amounting to 77 361 rubles, including VAT of 18%, and variable part of rent payment, including electric power costs to be calculated on a monthly basis according to the calculated monthly average consumption of electric power by rated capacity of equipment.Limit (maximum possible) cost of variable part of rent payment will be 3 000 rubles, including VAT of 18%.Thus, limit price of the Contract will be 80 361 rubles, including VAT of 18%.o Transaction between RSC Energia and OOO OIME

1. Determine price under Lease Agreement No 166-701/2015 between the lessor, RSC Energia, and the lessee, OOO OIME, for lease of: -premises located at the following address: 4 Lenin Street, Korolev, Moscow Region, 141070,-premises located at the following address: 4a Lenin Street, Korolev, Moscow Region, 141070, occupying floor area 161,8 m2,all the premises with a total are of 222, 1 m2,from 01.01.2016 till 29.12.2016 at the rate of: -fixed part of rent payment of 977 273 rubles, including VAT of 18%, and-variable part of rent payment, including electric power costs to be calculated on a monthly basis by readings of meter registers and according to the calculated monthly average consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of variable part of rent payment will be 36 000 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will amount to 1 013 273 rubles, incl. VAT of 18%.2. Approve the transaction, Lease Agreement No 166-701/2015 between the lessor, RSC Energia, and the lessee, OOO OIME, on putting out on loan from 01.01.2016 till 29.12.2016 the following production premises:-premises located at the following address: 4 Lenin Street, Korolev, Moscow Region, 141070,-premises located at the following address: 4a Lenin Street, Korolev, Moscow Region, 141070, occupying floor are of 161,8 m2, all the premises with a total area 222, 1 m2, at the price over the entire lease period which consists of a fixed part of rent payment of 977 273 rubles, incl. VAT of 18%, and a variable part of rent payment comprising electric power costs to be calculated on a monthly basis by readings of meter registers and according to the calculated monthly average consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of the variable part of rent payment will be 36 000 rubles, incl. VAT of 18%.

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Thus, limit price of the Agreement will be 1 013 273 rubles, incl. VAT of 18%.o Transaction between RSC Energia and OOO Energia SAT

1. Determine price under the Lease Agreement No 130-701/2015 between the lessor, RSC Energia, and the lessee, OOO Energia SAT, on lease of nonresidential premise located at the following address: 1a Grabin Street, Korolev, Moscow Region, 141070, with a total area of 36, 9 m2, from 01.01.2016 till 30.11.2016 at the rate of: -fixed part of rent payment of 318 969,75 rubles, incl. VAT of 18%, and-variable part of rent payment, comprising electric power cost to be calculated on a monthly basis by readings of meter registers. Limit (maximum possible) cost of the variable part of rent payment will be 5 500 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 324 469, 75 rubles, incl. VAT of 18%.2. Approve the transaction, Lease Agreement No 130-701/2015 between the lessor, RSC Energia, and the lessee OOO Energia SAT, on putting out on loan over the period from 01.01.2016 till 30.11.2016 of nonresidential premise located at the following address: 1a Grabin Street, Korolev, Moscow Region, 141070, with a total area of 36,9 m2, at the price over the whole lease period which consists of a fixed part of rent payment of 318 969, 75 rubles, incl. VAT of 18%, and a variable part of rent payment comprising electric power costs to be calculated on a monthly basis by readings of meter registers. Limit (maximum possible) cost of the variable part of rent payment will be 5 500 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 324 469,75 rubles, incl. VAT of 18%.o Transaction between RSC Energia and PAO IK Razvitiye

1. Determine price under Lease Agreement No 162-701/2015 between the lessor, RSC Energia, and the lessee PAO IK Razvitiye, on lease of nonresidential premise located at the following address: office 01, 4 Lenin Street, Korolev, Moscow Region, 141070, with a total area of 18,6 m2, over the period from 01.01.2016 to 30.12.2016 at the rate of:-fixed part of rent payment of 110 298 rubles, incl. VAT of 18%, and-variable part of rent payment comprising electric power costs to be calculated on a monthly basis according to average monthly consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of the variable part of rent payment will be 8 500 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 118 798 rubles, incl. VAT of 18%.2. Approve the transaction, Lease Agreement No 162-701/2015 between the lessor, RSC Energia, and the lessee, PAO IK Razvitiye, on putting out on loan over the period from 01.01.2016 till 30.12.2016 of nonresidential premise located at the following address: 4 Lenin Street, Korolev, Moscow Region, 141070, with a total area of 18,6 m2, at the price over the entire lease period, which consists of a fixed part of rent payment of 110 298 rubles, incl. VAT of 18%, and a variable part of rent payment comprising electric power costs to be calculated on a monthly basis according to average monthly consumption of electric power by rated capacity of equipment.Limit (maximum possible) cost of the variable part of rent payment will be 8 500 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 118 798 rubles, incl. VAT of 18%.o Transaction between RSC Energia and PAO IK Razvityeo Transaction between RSC Energia and OOO RSC Energia - Finans

1. Determine price under Lease Agreement No 164-701/2015 between the lessor, RSC Energia, and the lessee, RSC Energia-Finans, for lease of nonresidential premise located at the following address: 4a Tsiolkovsky Street, Korolev, Moscow Region, with a total area of 11,4 m2, over the period from 01.02.2016 to 29.01.2017 at the rate of:-fixed part of rent payment of 58 482 rubles, incl. VAT of 18%, and-variable part of rent payment comprising electric power costs to be calculated on a monthly basis according to the calculated average monthly consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of the variable part of rent payment will be 6  750 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 65 232 rubles, incl. VAT of 18%.2. Approve the transaction, Lease Agreement No 164-701/2015, between the lessor, RSC Energia, and the lessee, RSC Energia – Finans, on putting out on loan over the period from 01.02.2016 till 29.01.2017 of nonresidential premise located at the following address: 4a Tsiolkovskaya Street, Korolev, Moscow Region, with a total area of 11,4 m2, at the price over the entire lease period which consists of a fixed part of rent payment of 58 482 rubles, incl. VAT of 18%, and a variable part of rent payment comprising electric power costs to be calculated on a monthly basis according to the calculated average monthly consumption of electric power at rated capacity of equipment.

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Limit (maximum possible) cost of the variable part of rent payment will be 6 750 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 65 232 rubles, incl. VAT of 18%.o Transaction between RSC Energia and ZAO PA Cosmos

1. Determine price under Lease Agreement No 167-701/2015 between the lessor, RSC Energia, and the lessee, ZAO PA Cosmos, on lease of premises located at the address: building 1, 1 Borovskoye shosse, airport Vnukovo-3, Moscow, 119027, with a total area of 2 503,5 m2, over the period from 01.01.2016 till 30.12.2016 at the rate of:-fixed part of rent payment of 16 909 866 rubles, incl. VAT of 18%, and-variable part of rent payment which includes electric power costs to be calculated on a monthly basis according to the calculated average monthly consumption of electric power by rated capacity of equipment. Limit (maximum possible) cost of the variable part of rent payment will be 3 200 000 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 20 109 866 rubles, incl. VAT of 18%.2. Approve the transaction, Lease Agreement No 167-701/2015 between the lessor, RSC Energia, and the lessee, ZAO PA Cosmos, on putting out on loan over the period from 01.01.2016 till 30.12.2016 of premises located at the following address: building 1, 1 Borovskoye shosse, airport Vnukovo-3, Moscow, 119027, with a total area of 2 503,5 m2, at the price over the entire lease period consisting of a fixed part of rent payment of 16 909 866 rubles, incl. VAT of 18%, and a variable part of rent payment comprising electric power costs to be calculated on a monthly basis according to the calculated average monthly consumption of electric power at rated capacity of equipment.Limit (maximum possible) cost of the variable part of rent payment will be 3 200 000 rubles, incl. VAT of 18%.Thus, limit price of the Agreement will be 20 109 866 rubles, incl. VAT of 18%.

Information about the Board of Directors’ Committees meetings held

Meetings held by the Committee on Audit

30.01.2015 Meeting (Minutes No 2 of 30.01.2015)Items on the Agenda:

On preliminary review of the Committee on Audit findings concerning the results of unscheduled inspection of SAC management by RSC Energia.

Resolutions passed:Recommend the Board of Directors to take the following decision:1. Take note of the Committee on Audit findings concerning the results of unscheduled inspection SAC management by RSC Energia.2. Recommend the Corporation management during their preparation of the materials entitled “SAC and non-core assets management” incorporated into the Board of Directors Action Plan, as well as the Work Plan drawn up by the Committee on Personnel and Remuneration, provide for an analysis/taking into account the comments made by the Committee on Audit in these findings.3. Charge the Internal Audit Department:3.1. As part of the work on monitoring of progress in implementing the recommendations to eliminate the infringements revealed, check urgency of the President – approved provisions and adherence to them on the part of the Corporation divisions and SAC: Provision on RSC Energia’s representatives in the managerial bodies and auditing

committees of the organizations in which RSC Energia is the stakeholder; Provision on consolidated management financial statements to be drawn up by RSC

Energia Group. Review of draft Policy to give by the Corporation external auditor services other than

auditing.Resolutions passed:

1. Update draft Policy to give by the Corporation external auditor services other than auditing (hereinafter referred to as the Policy) with due regard for the comments made, including:- exclude compilation of financial information from item 2.4;

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- provide that consultation on tax law and accounting also requires approval of the Committee on Audit; in so doing, foresee a simplified agreement procedure concerning issues which do not affect auditor’s independence and require prompt consideration;- due to recent changes in auditor’s activity legislation, check/update the terms/wordings used in the Policy.2. Put forward the updated draft Policy for approval of the Committee on Audit (hold meeting by absentee voting).

Review of the Internal Audit Department Work Plan for 2015.Resolutions passed:

1. Update Work Plan for the Internal Audit Department with due regard for the comments made with provided for audits on the following subjects:- audit/ analysis of the Annual Report for 2014;- audit/analysis of project «*****»;- audit/analysis of ZAO Teplo RSC Energia performance for 2014;- audit/ analysis of ZAO PA Cosmos performance for 2014;- analysis of the Corporation risk management system;- analysis of taking into consideration by the management of the external auditor’s comments on the results of auditing the Corporation and its SAC performance for 2013 by RAS;Also include the actions to be taken:- to exercise control over elimination of the infringements revealed and perform follow-up action with respect to resolutions of the Board of Directors and Shareholders’ meetings;- draw up normative documents regulating operation of the Internal Audit Department.2. Agree upon composition of the Internal Audit Department with 5 persons on the staff (including Chief internal auditor).

On taking into consideration by the Corporation executive bodies and its SAC the auditor’s recommendations subject to statutory audit by RAS, by the results of auditing RSC Energia by RAS for 2013.

Resolutions passed:1. Take note of the submittals.2. Include relevant materials on analysis of the auditor’s comments in the Work Plan of the Internal Audit Department. Subsequently, assign representative of the Internal Audit Department to report on the submitted issue.

On contest to select auditors of the Corporation by RAS and IAS for 2015.Resolutions passed:

Charge the Chief internal auditor to perform an analysis of independence of ZAO HLB PAKK – audit which conducts statutory audit of the Corporation, in accordance with the Rules of Auditors and Audit Organizations Independence (approved by the Board of Auditor’s Activity on 20.09.2012, Minutes No 6). Submit the results for consideration of the Committee on Audit in time till 16.02.2015.

06.03.2015 Meeting as absentee voting (Minutes No 3 of 06.03.2015)Items on the Agenda

Review of the Policy to give by the Corporation external auditor services other than auditingResolutions passed:

Approve preliminarily the “Policy to give by the Corporation external auditor services other than auditing” and submit it for approval to the Corporation Board of Directors (para 32, item 1, Art. 28 of the Corporation Articles of Incorporation).

Review of the Work Plan of the Internal Audit Department for the 1st six months of 2015.Resolutions passed:

Approve preliminarily the Work Plan of the Internal Audit Department for the 1st six month of 2015 and submit it for approval to the Corporation Board of Directors (para 55, item 1, Art.28 of the Corporation Articles of Incorporation).

11.03.2015Meeting (Minutes No 4 of 12.03.2015)Items on the Agenda

Review of the Provision on internal audit at RSC Energia.Resolutions passed:

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1. Note that draft Provision on internal audit with respect to elaboration of its objectives, tasks, functions (powers of persons in charge) is not adequately looked into.2. Charge the Corporation management to formulate and submit to the Committee the main provisions on internal auditing in due time up to 20.03.2015 which will include:- internal audit objectives;- internal audit tasks;- internal audit functions;- internal audit authority.3. Recommend to elaborate the submitted draft Provision on internal audit of the Corporation, taking into account action item in para 1.1. of this Minutes; submit it repeatedly to the Committee for consideration.

Review of the Provision on internal control and risk management at RSC Energia.Resolutions passed:

1. Note that draft Provision on internal control and risk management with respect to elaboration of internal control and risk management objectives, tasks, functions (powers of Persons in charge) is not adequately looked into.2. Charge the Corporation management to formulate and submit to the Committee the main provisions on exercising internal control in on time (up to 20.03.2015), which will include:- internal control and risk management objectives;- internal control and risk management tasks;- internal control and risk management functions;- internal control and risk management authority.3. Charge the Corporation management to appoint person in charge (department) for coordination of risk management activities, making up strategic risks register and submission of risk information to the Corporation Board of Directors.4. Recommend to update the submitted draft Provision on internal control and risk management in the Corporation with due regard for the action items given in para 2.1.-2.2. of these Minutes; submit it repeatedly for consideration to the Committee.

Review of Regulations “General rules for planning audit statutory measures by internal control and audit bodies”.

Resolutions passed:1. Approve preliminarily Regulations “General rules for panning audit statutory measures by internal control and audit bodies” (hereinafter referred to as the “Regulations”).Submit the Regulations for approval to the Board of Directors simultaneously with the updated Provisions on internal audit, control and risk management.2. Recommend the Internal Audit Department to be guided in the course of work by the Regulations provisions in conduct of audit activities.

On compliance of ZAO HLB PAKK – audit engaged in statutory audit of the Corporation with the rules of auditors and audit organizations independence.

Resolutions passed:1. Take note of the information furnished.2. Note the fact of ZAO HLB PAKK – audit independence loss relative to the Corporation.

On holding contest for selecting the Corporation and its SAC auditors by RAS and IAS for 2015.

Resolutions passed:1. Approve preliminarily the Provision on Contest Committee and Contest Procedure for the Right to Enter into Contract for Performance of Annual Financial Statements Audit Services by RAS, as well as Audit of Consolidated Financial Statements of “S.P. Korolev Rocket and Space Public Corporation Energia” by IAS and “Technical Assignment for Auditing Annual Financial Statements by RAS, as well as Auditing Consolidated Financial Statements of “S.P. Korolev Rocket and space Public Corporation Energia” for 2015” (hereinafter referred to as the Contest documentation).2. Reach agreement on a preliminary basis on a total number of the members of the Contest Committee on holding auditor contest (selection) of 9 persons (including the Committee secretary); with the representatives of the Corporation major shareholders being included in the Contest Committee:- from OAO URSC – 2 persons,- from ZAO Lider – 2 persons.Recommend the Board of Directors to vest the Chairman of the Committee on Audit with functions of the Contest Committee Chairman.

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3. Submit the Contest documentation to the Board of Directors for approval simultaneously with the list of names represented in the Contest Committee.

14.04.2015 Meeting (Minutes No 5 of 17.04.2015)Items on the Agenda:

On recommendations for the Board of Directors to approve initial (maximum) price of auditor’s services to hold auditing organization selection contest for conduct of annual statutory audit of RSC Energia for 2015.

Resolutions passed:On recommendations for the Board of Directors with respect to approval of initial (maximum) price of auditor’s services payment for holding the contest to select an auditor at the rate of 13 800 557,14 rubles (thirteen million eight hundred thousand five hundred fifty seven rubles 14 copecks), incl. VAT of 18% to the extent of 2 105 169,73 rubles (two million one hundred and five thousand one hundred sixty nine rubles 73 copecks).

On preliminary consideration of the labor agreement terms with the Chief internal auditor of the Corporation.

Resolutions passed:1. In view of specifying internal audit objectives and tasks, consider it advisable to entrust the Corporation management with selecting a new candidate for the post the Chief internal auditor (in so doing, the recommended salary level for the candidate standing at 150 thousand rubles as a minimum), with due regard for the candidate’s adequacy for the requirements established.2. In order to ensure agreement on the candidate for the post of the Chief internal auditor, recommend the Corporation management to forward candidate’s résumés to all the members of the Committee on audit, hold interviews with the candidates with participation of the Committee members (Committee Chairman).

18.05.2015 Meeting (Minutes No 6 of 19.05.2015)Items on the Agenda

On the Corporation performance in 2014:1.1 Report on the Corporation Work Program execution for 2014.

Resolutions passed:1. Note that KPIs by the 2014 results were not achieved by the key figures (proceeds and net profit) and finance indicators grew worse by the 2014 results; put particular emphasis on loss-making ***** Project (inception of the commitments undertaken since 2010) and unprofitable ***** Project (inception of the commitments undertaken since 2008); focus on the results of the efforts on the subject of “Unmanned Spacecraft” which also resulted in losses at the end of 2014. Take note of the Auditing Committee findings on the 2014 performance.2. Taking into account RSC Energia’s considerable losses incurred by the 2014 performance, recommend the Board of Directors to entrust the Corporation President with the following:

Submit information about profit rates and payback periods of current investment projects at the cost of 100 million rubles at the next full-time Board of Directors meeting in order to take decisions on business expediency to keep implementing these projects.Come up with the plan of specific actions to achieve net profit margin at 6% by the 2015 performance.

1.2. Annual Report of the Corporation for 2014 (with due regard for the Auditing Committee findings).

Resolutions passed:Recommend the Board of Directors to approve preliminarily the Annual Report of RSC Energia for 2014 and submit it for approval of annual general shareholders’ meeting.

1.3. Annual financial statements for 2014, including profit and loss statement.Resolutions passed:

Recommend the Board of Directors to take note of the annual financial statements of RSC Energia for 2014 with their submission for approval to annual general shareholders’ meeting.

Consideration of auditing results for 2014.Resolutions passed:

1. Take note of the audit report on the Corporation Financial Statements for 2014.

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2. Recommend the Corporation management to work out measures to take into account the auditor’s comments.

Report made by the Internal Audit Department of RSC Energia for 2014, the 1 st quarter of 2015.

Resolutions passed:1. Recommend the Chief internal auditor to preliminarily discuss the issues arisen during audit activity with the heads put in charge of respective lines of activity and other persons concerned. Reflect the discussion results and comments made by responsible persons in the final document on auditing.2. Call the Chief internal auditor’s attention to the need to perform an analysis for finding shortcomings in the system of running the enterprise (including internal controls system, risk management system, Corporate governance system, etc.) which entailed negative consequences for the Corporation.3. Postpone consideration of the matter to next meeting of the Committee.

04.06.2015 Meeting as absentee voting (Minutes No 7 of 04.06.2015) Items on the Agenda:

Results of the contest for selecting auditor for auditing annual financial statements by RAS and IAS for 2015. Assessment of the candidate for auditor and cost of its services.

Resolutions passed:1. Recognize the contest held to select auditor as being consistent with the approved Contest documentation. Establish the fact that the contest winner was ZAO HLB VneshAudit.2. Recommend the Board of Directors to approve the price of auditor’s services for auditing annual financial statements by RAS and consolidated financial statements by IAS at RSC Energia for 2015 in the amount of 10.327.360-00 (ten million three hundred and twenty seven thousand three hundred sixty rubles 00 copecks), including VAT in the amount of 1 575 360,00 (one million five hundred and seventy five thousand three hundred sixty rubles 00 copecks).

16.06.2015 Meeting (Minutes No 8 of 17.06.2015)Items on the Agenda:

Report of the Internal Audit Department for 2014, for the 1st quarter of 2015.Resolutions passed:

1. Regarding the Report on selective inspection of financial-economic activity results and annual financial statements of the Corporation for 2014:

take note of the submitted Report;put emphasis on the fact that the reserves built up under the ***** Project have not been created in full volume;to entrust the Corporation management with undertaking measures whatever possible to minimize the risks associated with the ****** Project.

2. Regarding the Report on analyzing adherence to the established normative documents when calculating cost of products (work, services), preparing, entering into and implementing the contract under Project *****:

take note of the Report submitted;update the Report in its analytical part for finding the causes of losses incurred, systematic errors in project management within the period till 01.08.2015.

3. Regarding the Report on analyzing efficiency of the control procedures being implemented in the Corporation for their adequacy for revealing major risks associated with financial-economic activity:

take note of the Report submittedupdate analytical part of the Report on the matters concerning existing control procedures and specifying their adequacy for revealing major risks within the period till 01.08.2015;agree upon the Report relative to the risk management conclusions with senior Vice-President of the Corporation V.Y. Osmolovksy.

4. Regarding the Report on auditing financial-economic activity and annual financial statements of AO Teplo RSC Energia for 2014 and the expired period of 2015:

take note of the submitted Report;note the fact that the Internal Audit Department officials have not received the documents required for review in full;

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draw attention of the head of internal audit department to the need to agree upon the report with core business divisions, top executive of the company being audited.

5. Repeatedly recommend the Chief internal auditor to preliminarily discuss the issues arisen in the course of audit activity with the managers of respective lines of activity and other persons concerned. Reflect the discussion results and comments made by responsible persons in the final documents on auditing.

Review of performance of RSC Energia Group by data on financial statements for 2014 by IAS.

Resolutions passed:1. Note that the consolidated financial statements of RSC Energia Group for 2014 were prepared, submitted and issued in due time.2. Take note of the consolidated financial statements of RSC Energia Group for 2014.3. Note the fact of increased losses compared with those for the past period (for 2013); in so doing, it should be noted that the losses incurred are due, mainly, to building up reserves under the ****** Project, results of ZAO PA Cosmos and AO Teplo RSC Energia operation.4. Note the fact of the reduced overall profitability in the Corporation.

Report on the Committee on Audit over the 2014-2015 period.Resolutions passed:

Approve the report on the Committee on Audit at RSC Energia Board of Directors over the 2014-2015 period. Submit the Committee Report for consideration of the Corporation Board of Directors.

07.10.2015 Meeting (Minutes No 1 of 09.10.2015)Items on the Agenda:

On approval of the Work Plan of the Committee on Audit at RSC Energia Board of Directors over the 2015-2016 period.

Resolutions passed:Approve the Work Plan of the Committee on Audit.

On candidacy for the post of the Chief internal auditor of the Corporation.Resolutions passed:

1. Approve the candidacy of Alexei Yevgenievich Kopyev for the post of the Chief internal auditor of the Corporation.2. Recommend the Corporation Board of Directors to agree upon the candidacy of Alexei Yevgenievich Kopyev for the post of the Chief internal audit of the Corporation in accordance with para 55, item 1, Art.8 of the Articles of Incorporation of RSC Energia.

On preliminary consideration of the Labor Agreement terms with the Chief internal auditor of the Corporation.

Resolutions passed:1. Provide preliminary approval of the following Labor Agreement terms with the Chief internal auditor of the Corporation:- mandatory probation period of 3 (three) months long;- salary level standing at 200 thousand rubles for a probation period;- salary level standing at 250 thousand rubles after probation period has been successfully passed;- irregular working hours with 3 additional holiday days granted for work with no fixed hours;- duration of basic vacation is 28 calendar days;- benefits package extended to all employees of the Corporation.2. Consider it advisable to look into the issue of building up a separate budget of the Internal Audit Department for 2016 at the Board of Directors’ meeting, with its preliminary review by the Committee on Audit.3. In accordance with para 57, item 1. Art. 28 of the Corporation Articles of Incorporation, recommend the Board of Directors of RSC Energia to approve the Labor Agreement terms with the Chief internal auditor of RSC Energia.

Reconsideration of the Report on auditing financial-economic activity and annual financial statements of AO Teplo RSC Energia for 2014 and the 1st quarter of 2015

Resolutions passed:1. Take note of the submitted Report on AO Teplo RSC Energia.2. Entrust the Corporation management (SAC and non-core assets management department, control-audit department) with ensured drawing up Action Plan to take the comments made into account, with

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the documented elimination of the comments, the comments being looked into or the comments requiring clarification.After approval of the above Plan by the Corporation President, send the Plan to the Committee till 30.10.2015 indicating current progress in its execution.

Review of the Report on auditing financial-economic activity and annual financial statements of ZAO PA Cosmos for 2014 and the 1st quarter of 2015.

Resolutions passed:1. Take note of the submitted Report on ZAO PA Cosmos.2. Entrust the Corporation management (SAC and non-core assets management department, control-audit department) with ensured drawing up Action Plan to take the comments made into account with the documented elimination of the comments, the comments being looked into or the comments requiring clarification.After approval of the above Plan by the Corporation President, send the Plan to the Committee by 30.10.2015 at the latest indicating current progress in its execution.

Consideration of draft contract for performance of services not associated with audit by the Corporation external auditor ZAO HLB Vneshaudit relative to assessment of tax consequences of ZAO ZEM RSC Energia affiliation to RSC Energia.

Resolutions passed:1. Forward draft contract for performance of services not associated with audit by the Corporation external auditor ZAO HLB Vneshaudit relative to assessment of tax consequences of ZAO ZEM RSC Energia affiliation to RSC Energia for elaboration.2. In addition, submit by the Corporation management to the Committee at least three commercial proposals to assess tax consequences of ZAO ZEM RSC Energia, as well as give reasons for the price of standard hour of work to be performed by specialists being employed.After elaboration of the materials, submit them to the Committee for reconsideration; hold the Committee meeting as absentee voting

24/11/2015 Meeting as absentee voting (Minutes No 2 of 25.11.2015) Items on the Agenda:

Consideration of commercial proposals made by auditing firms for performance of services related to assessment of tax consequences resulting from affiliation of ZAO ZEM RSC Energia to RSC Energia.

Resolution passed:Take note of information about the Corporation intention to enter into contract with AKG Interekspertiza for performance of consultation services related to assessment of tax consequences of ZAO ZEM RSC Energia affiliation to RSC Energia at the price of 400 thousand rubles.

16.12.2015 Meeting (Minutes No 3 of 17.12.2015)Items on the Agenda:

Review of the Corporation Group consolidated financial statements by IAS for the 6 months of 2015.

Resolutions passed: 1. Take note of the consolidated financial statements of RSC Energia’s Group for the 6 months of 2015.2. Note that profit and proceeds indicators behavior is negative as compared with those for the 1st six months of 2014.3. Recommend the Chief internal auditor to perform an analysis of the business processes implemented in the course of this contract execution in order to identify the causes of the loss under the project due to the scheduled completion of the contract under project ***** in 2015.

On taking into account the auditors’ recommended actions by the Corporation executive bodies and its SAC subject to statutory audit by RAS based upon the auditing results for 2014 by RAS.

Resolutions passed: Take note of the submittals. Recommend the Corporation management during preparation for making an audit by the 2015 performance to get external auditor’s opinion about actual status of the comments made by the 2014 audit results.

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Review of the Action Plan to eliminate infringements and shortcomings revealed by the Internal Audit Department by the results of auditing financial-economic activity and annual financial statements of AO Teplo RSC Energia for 2014 and 1st quarter of 2015.

Resolutions passed:1. Take note of the submitted Action Plan to eliminate infringements and shortcoming revealed by the Internal Audit Department (hereinafter referred to as the IAD) by the results of auditing financial-economic activity and annual financial statements of AO Teplo RSC Energia for 2014 and the 1st

quarter of 2015.2. Recommend the Chief internal auditor:

To provide ranking of the comments made by the IAD based upon materiality feature (with substantiation of their being referred to as material/immaterial) peculiar to business of AO Teplo RSC Energia; submit the ranking to the Committee. Due date: 31.12.2015.Conduct postaudit by the results of work on elimination of the comments revealed by the IAD; make up critical list of the infringements/comments which could significantly affect business of AO Teplo RSC Energia; submit them to the Committee. Due date: 1st quarter of 2016.

3. Recommend the Corporation management to arrange an audit by control-audit department on the matter set forth in item 16 of the IAD Report on the civil law contracts qualified by the IAD as economically unjustified and inefficient use of funds in the amount of 14 185,8 thousand rubles. Bring the audit results to the notice of the Committee members.

Review of the Action Plan to eliminate infringements and shortcomings revealed by the Internal Audit Department by the results of auditing financial-economic activity and annual financial statements of ZAO PA Cosmos for 2014 and the 1st quarter of 2015.

Resolutions passed: 1. Take note of the Action Plan to eliminate the infringements and shortcomings revealed by the Internal Audit Department by the results of auditing financial-economic activity and annual financial statements of ZAO PA Cosmos for 2014 and the 1st quarter of 2015.2. Recommend the Chief internal auditor:

To provide ranking of the comments revealed by the IAD based upon materiality feature (with substantiation of their being referred to as material/immaterial) for business of ZAO PA Cosmos; submit the ranking to the Committee. Due date 31.12.2015.Conduct postaudit by the results of work on elimination of the comments revealed by the IAD; make up the critical list of the infringements/comments which could affect significantly business of ZAO PA Cosmos; submit them to the Committee. Due date: 31.01.2016.

3. Recommend the Corporation management to arrange audit by the control-audit department on the issue set forth in item 9.7 of the IAD Report on writing off debts receivable for the amount of 8 642,1 thousand rubles. Bring the audit results to the notice of the Committee members.

Meetings of the Committee on Personnel and Remuneration

16.02.2015 Meeting (Minutes No 3 of 20.02.2015)Items on the Agenda:

On Organizational Structure of RSC Energia.Resolutions passed:

Approve the submitted organizational structure of RSC Energia with due regard for the comments made. Entrust the Corporation management with updating the submitted organizational structure and make additional explanatory materials available to all the Committee members in accordance with the questions asked (organizational structure chart with internal and external (with URSC divisions) interfaces, etc.).

On the Corporation Management Board membership.Resolutions passed:

1. Provide preliminary approval of the proposals made by the Corporation President V.L. Solntsev concerning changed staff of the Corporation Management Board up to 15 persons, as well as incorporation of Mikhail Viktorovich Komarov (Vice-President for Personnel and Social Policy) and Mikhail Yurievich Merkulov (Vice-President for Security) into the Management Board.

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2. Recommend the Corporation Board of Directors to approve the above proposals for changing the Management Board membership as per para 14, item 1 Art. 28 of the Corporation Articles of Incorporation.

Review of young specialists, young scientists and workers support system currently existing in the Corporation.

Resolutions passed:1. Take note of the submitted information.2. Entrust the Corporation management to update and submit repeatedly the materials concerning the support system for young specialists, scientists and workers by performance of an additional work taking into account the comments and recommendations made (review of the projects being implemented by institutes for advanced studies; information about practical results of the existing system operation, etc.) Include consideration of the above matter in the Committee’s Work Plan for May 2015.

Consideration of personnel certification and their performance assessment system existing in the Corporation.

Resolutions passed:Approve the submitted personnel certification and their performance assessment system of the Corporation.

Consideration of draft Policy pursued by the Corporation relative to top Management remuneration and the List of top managers to whom this Policy of remuneration is applied.

Resolutions passed:1. Approve on the whole the submitted Policy of remuneration, taking into account the need to update it with the aim to bring it in line with the Regulations for use of key efficiency indicators by OAO “United Rocket-Space Corporation” (OAO URSC) approved by the Supervisory Board.2. Entrust the Corporation management with developing draft Policy of top management remuneration with due regard for the comments made and submit it for consideration of the Committee. Due date: May 2015.

On Work Plan concerning Corporation SAC.Resolutions passed:

1. Take note of the submitted Work Plan concerning Corporation SAC.2. Refer to the Strategic Planning, Modernization and Innovative Development Committee at the Corporation Board of Directors with a recommendation to develop KPI for the Corporation management handling relations with SAC.

17.04.2015 Meeting as absentee voting (Minutes No 4 of 20.04.2015)Items on the Agenda:

On proposals for annual general shareholders’ meeting to pay remuneration to the Corporation Board of Directors’ members for 2014.

Resolutions passed: 1. Approve the proposals for amount of remuneration to the Corporation Board of Directors members for 2014 totalling 6 636 thousand rubles, as well as for particular size of remuneration to each member of the Board of Directors.2. Recommend the Board of Directors to take the following decision: “Move a proposal to the General Shareholders’ Meeting to decide on remuneration payment to the Corporation Board of Directors members for 2014 totalling 6 636 thousand rubles with its distribution as per Appendix 5 and calculated in accordance with the Corporation By-laws.

On recommendations to pay remuneration to the Corporation Auditing Committee members by the 2014 performance.

Resolutions passed:1. Approve the proposals fro amount of remuneration to the Corporation Auditing Committee members for 2014 totalling 345,9 thousand rubles, as well as the proposals for size of remuneration to each Auditing Committee member.2. Recommend the Board of Directors to take the following decision: “Move a proposal to the General Shareholders’ Meeting to decide on remuneration payment to the Corporation Auditing Committee members for 2014 totalling 345,9 thousand rubles, with its distribution as per Appendix 6, and calculated in accordance with the Corporation By-laws”.

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22.06.2015 Meeting (Minutes No 5 of 22.06.2015)Items on the Agenda:

On introduction of the Corporation Chief Engineer into the Corporation Management Board.Resolutions passed:

1. Agree (upon the Corporation Board of Directors’ resolution, Minutes No 6, the 23.10.2014 Meeting) direct subordination of the Chief Engineer position to the Corporation President.2. Recommend the Board of Directors to take the following decision on changing the Corporation Board of Directors membership:

• define the Corporation Board of Directors membership of 16 persons;• additionally elect the Head of Chief engineer Department Yugeny Alexeyevich Yermakov to the Corporation Management Board.

Review of the young specialists, scientists, workers support system existing in the Corporation (with due regard for the recommendations given by the Committee on Personnel and Remuneration; Minutes No 3 of 16.02.2015).

Resolutions passed:1. Take note of the submitted information about career-guidance projects for the period of 2015-2016.2. Update the Work Program focusing on young specialists, scientists and workers with due regard for the comments made (including those made at the meeting of the Committee held on 16.02.2015; Minutes No3), and place it repeatedly for consideration of the Committee in the 3rd quarter of 2015.

Consideration of the Corporation top management KPI chart.Resolutions passed:

1. Take note of the submitted information.2. Give instructions to update the Corporation top management KPI charts agreeing them upon with the representatives of the major shareholders (OAO URSC, ZAO Lider) in the course of work. Submit the agreed position for the Committee’s consideration in the 3rd quarter of 2015 simultaneously with the Corporation Policy to pay remuneration to top management and the List of top managers entitled to the Policy of Remuneration.

Report of the Committee on Personnel and Remuneration over the 2014-2015 period.Resolutions passed:

Approve the report of the Corporation Board of Directors Committee on Personnel and Remuneration over the 2014-2015 period. Submit the Committee’s report for consideration of RSC Energia’s Board of Directors.

24.09.2015 Meeting (Minutes No 1 of 25.09.2015)Items on the Agenda:

Consideration of draft Plan of the meetings to be held by RSC Energia Committee on Personnel and Remuneration during the 2015-2016 period.

Resolutions passed:Approve the Plan of meetings to be held by the Committee on Personnel and Remuneration of RSC Energia’s Board of Directors during 2015-2016 with due regard for the comments made.

Review of the Corporation Youth Policy (with due regard for the recommendations made by the Committee on Personnel and Remuneration, Minutes No 3 of 16.02.2015, Minutes No 5 of 22.06.2015).

Resolutions passed:1. Approve the Corporation Youth Policy on the whole.2. Take decisions on funding the Youth Policy events taking into account the resolutions on the approval of RSC Energia’s Program in strategic restructuring of the Corporation.3. Charge the Corporation management to ensure annual approval of the Youth Policy costs as item of the Corporation annual budget for relevant year.4. Provide for inclusion in the Committee’s Plan of meetings for the next year the item on review of the results of putting into effect particular events foreseen in the Youth Policy (relative to the contests of profession skills and other competitions).

Consideration of draft Policy of RSC Energia to pay remuneration to top management and the List of top managers entitled to the Policy to pay remuneration (with due regard for the recommendations made by the Committee on Personnel and Remuneration; Minutes No 3 of 16.02.2015, Minutes No 5 of 22.06.2015).

Resolutions passed:

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Update draft Regulations for use of key efficiency indicators of RSC Energia guided by the comments being received, including those on the procedure to set up general bonus fund for top management, and submit them to the Committee for reconsideration; hold the Committee meeting as absentee voting.

Review of the Corporation Top management KPI charts (with due regard for the recommendations made by the Committee on Personnel and Remuneration, Minutes No 5 of 22.06.2015).

Resolutions passed:Update the submitted Top management KPI charts with due regard for the comments made, submit them to the Committee for reconsideration; hold the Committee meeting as absentee voting.

On updating the list of the Corporation representatives to be introduced into RSC Energia’s SAC auditing committees.

Resolutions passed:1. Reach preliminary agreement on the candidates S.P. Vishnyakov, I.V. Dubinskaya, O.S. Lazareva, V.N. Treschilina for election to the auditing committees of ZAO PA Cosmos and AO Teplo RSC Energia.2. Recommend the Corporation Board of Directors candidates S.P.  Vishnyakov, I. V. Dubinskaya, O.S. Lazareva, V.N. Treschilina for election to the auditing committees of ZAO PA Cosmos and AO Teplo RSC Energia for 2015 as per para 47, item 1, Art. 28 of its Articles of Incorporation

On the Corporation Management Board membership.Resolutions passed:

1. Preliminarily agree introduction of N.A. Pirogov into the Corporation Management Board.2. Recommend to include position of Vice-President for interaction with bodies of state authority in the List of top management as part of the Regulations for key efficiency indicators of RSC Energia.3. As per para 14, item 1, Art. 28 of the Corporation Articles of Incorporation, take decision on making changes in the Corporation Management Board relative to election of Vice-President for interaction with bodies of state authority Nikolai Anatolievich Pirogov to the Corporation Management Board, with no change in the number of the Management Board members.

On General Director of ZAO ZEM RSC Energia.Resolutions passed:

Postpone consideration of the issue on agreement of S.Y. Shachnev’s candidacy for the post of General Director in charge of ZAO ZEM RSC Energia to the Committee’s meeting as absentee voting.

On General Director of ZAO PA Cosmos.Resolutions passed:

1. Agree upon the candidacy of A.A. Mukanin as acting General Director of ZAO PA Cosmos. After completion of the process of ZAO PA Cosmos financial-economic activity assessment and analysis, return to the issue of the candidacy for election to the post of ZAO PA Cosmos general director.2. Entrust the Corporation management with completion of the above procedures till the end of 2015.3. When putting up the candidacy for the post of general director of ZAO PA Cosmos for the Committee’s consideration, ensure that the above candidate will present information about top priority goals.

02.10.2015 Meeting as absentee voting (Minutes No 2 of 05.10.2015)Items on the Agenda:

On General Director of ZAO ZEM RSC Energia.Resolutions passed:

Preliminary agree the candidacy of Sergei Yurievch Shachnev for election to the post of General Director of ZAO ZEM RSC Energia; as per para 47, item 1, art. 28 of the Corporation Articles of Incorporation agree upon the candidacy of Sergei Yurievich Shachnev for election to the post of General Director of ZAO ZEM RSC Energia.

Review of the Regulations for use of key efficiency indicators of RSC Energia.Resolutions passed:

Counting of voting results on this issue is not performed in accordance with the decision made by the Committee’s Chairman on 02.10.2015 and postponement of consideration of the issue.

3. Review of the Corporation top management KPI chart.Resolutions passed:

Counting of voting results on this issue is not performed in accordance with the decision made by the Committee’s Chairman of 02.10.2015 and postponement of consideration of the issue.

150

30.12.2015 Meeting as absentee voting (Minutes No 3 of 31.12.2015)Items on the Agenda:

On General Director of OOO OIME.Resolutions passed:

1. Agree upon the candidacy of Sergei Vladimirovich Yestratov for election to the post of General Director of OOO OIME.2. Due to the fact that OOO OIME is not regarded as Corporation SAC significantly important for RSC Energia (in accordance with the decision taken at the Corporation Board of Directors on 12.12.2014, Minutes No10 of 17.12.2014), ensure keeping the Board of Directors informed about election of a new General Director of OOO OIME.

On agreement of the candidates for election to the Board of Directors, Auditing Committees of SAC proposed by the Corporation Management Board.

Resolutions passed: 1. Preliminarily agree the proposed List of candidates for election to the Board of Directors, Auditing Committee of RSC Energia SAC.2. As per para 47, item 1, Art. 28 of the Corporation Articles of Incorporation, recommend the Board of Directors of RSC Energia to agree upon the List of the above candidates for election to Corporation SAC Board of Directors, Auditing Committee.

Meetings of the Committee on Strategic Planning, Modernization and Innovative Development

18.03.2015 Meeting (Minutes No 2 of 19.03.2015)Items on the Agenda:

Preliminary consideration of draft Work Progam (including its budget) of the Corporation for 2015.

Resolutions passed: 1. Approve draft Work Program (including its budget) of the Corporation for 2015 and place it for consideration of the Corporation Board of Directors.2. Charge the Corporation management to prepare additional information about the risks related to activities under SPM and MFKS (МФКС) Projects for the Board of Directors meeting which will consider the Corporation Work Program for 2015, as well as put forward proposals to solve the problems associated with the above risks, including the Board of Directors approaching the major customers about this matter (Roscosmos, the Ministry of Defense of Russia).

Discussion of the List of KPI indicators to be included in the Corporation Work Program for 2015.

Resolutions passed: 1. Approve the submitted List of KPI indicators and their target figures for 2015, which includes 6 compulsory indicators proposed by OAO USC: size of dividends; return on invested capital; return on net profit; net profit; labor productivity; implementation of thematic plan under government programs, as well as additional indicator proposed, namely: quality management system operation.2. Approve the List of KPI indicators and their target figures for 2015: return on invested capital; return on net profit; net profit; labor productivity; implementation of thematic plan under government programs.3. Place the List of KPI indicators and their target figures for 2015 for consideration of the Board of Directors.4. A.A. Gavrilenko reserved his own opinion on this matter expressed in writing

Information coverage of the ****** Project.Resolutions passed:

Take note of information concerning the ****** Project.

10.06.2015 Meeting (Minutes No 3 of 11.06.2015)Items on the Agenda:

151

Review of the results of the Corporation Innovative Development Program (IDP) execution for 2014.

Resolutions passed: 1. Take note of the Report on the Innovative Development Program (IDP) execution for 2014 and place it for consideration of RSC Energia Board of Directors.2. Note that key efficiency indicators of IDP with respect to proceeds, net profit and volume of expenses on R&D have not been reached.

On advisability to update Innovative Development Program with due regard for its implementation results as well as new activities which have not been covered by IDP so far.

Resolutions passed: Charge the Corporation management to correct and update the Innovative Development Program with due regard for the decision taken by The Council on Economic Modernization and Innovative Development of Russia at the Russian Federation President of 17.04.2015, No.2, provided that relevant procedural recommendations are approved. Place the updated Innovative Development Program of the Corporation for the Committee’s consideration along with draft Strategy of the Corporation.

Review the Report on the Committee’s operation for 1 year for its submission to the Corporation Board of Directors.

Resolutions passed: Approve the report of the Committee on Strategic Planning, Modernization and Innovative Development at the Corporation Board of Directors for the 2014-2015 period with added wordings of the resolutions passed at this meeting. Place the Committee’s Report for consideration of the Corporation Board of Directors.

152

Report on Board of Directors’ members attendance of the Board of Directors’ and its Committees meetings*

Board of Directors members in accounting

year

Independent Director

Attendance of Board of Directors’ meetings

Committee on Audit

Committee on Personnel and Remuneration

Committee on Strategic Planning, Modernization and Innovative

Development

A.A. Gavrilenko(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

21/13(4) 2/0(2)

N.I. Zelenschikov.(from 12.07.14 to 27.06.15)

11/6(1) 7/5 2/0(1)

A.N. Klepach(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

+ 21/16(3) 2/2

I.A. Komarov(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

21/20 2/0(2)

A.A. Kuznetsov(from 12.07.14 to 27.06.15)

11/11 2/1(1)

V.A. Lopota(from 12.07.14 to 27.06.15)

11/6 2/1

A.S. Nikitin(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

+ 21/15(6) 6/6

S.A. Nikitin(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

21/21 10/10

A.V. Nuzhdov(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

21/16(2) 10/3(7) 6/3(3)

M.V. Petrov(from 12.07.14 to 27.06.15; from 27.06.15 up to now)

21/20 10/8(2) 6/3(3)

A.K. Ponomarev(from 12.07.14 to 27.06.15)

+ 11/6(4) 3/2 2/2

Yu.V. Vlasov(from 27.06.15 up to now)

10/10

V.A Davydov(from 27.06.15 up to now)

10/10

P.D. Popov(from 27.06.15 up to now)

10/10

V.L. Solntsev**(from 27.06.15 up to now)

10/9*

* Data in the Table given in format 5/3(1) means that the Director could take part in five meetings of the Committee (Board), personally took part in three meetings, sent his written opinion to another meeting. If the number of the meetings which the Director could attend is equal to the number of meetings which the Director did really attend, this means that the director was active in work of the Board of Directors and (or) relevant Committee.

** V.L. Solntsev, the Board of Directors member, did not take part in voting on the agenda items, because he was not independent director having nothing to do with effecting transactions.

153

Appendix 5/ Information about the Corporation compliance with the Code of Corporate Governance

This Section gives an assessment of corporate governance quality at RSC Energia, the Report on compliance with the Code of Corporate Governance principles and recommendations provided by the Bank of Russia.

Brief description of the most important aspects of corporate governance model and procedure in the Corporation is given in the Annual Report section “Corporate Governance”

Description of the procedure used to evaluate adherence to the corporate governance principles assigned by the Code of Corporate Governance:

o when evaluating adherence to the corporate governance principles, the Corporation Articles of Incorporation and its bylaws provisions are analyzed for compliance with the Code recommendations;

o corporate governance quality in RSC Energia is evaluated based upon the Procedure for Corporate Governance Quality Self-Appraisal in the Companies with State Participation approved by the Order issued by Federal Property Management Agency No 306 of 22.08.2014;

o adherence to corporate governance principles assigned by the Code of Corporate Governance was evaluated in accordance with the report form on compliance with the Code of Corporate Governance principles and recommendations which is to be made part of an annual report of the joint-stock company whose stock is introduced to organized tenders (Letter of Advice from Bank of Russia No IN-06-52/8 of 17.02.2016 “On Disclosure of Report on Compliance with the Code of Corporate Governance Principles and Recommendations as Part of Annual Report of Public Joint-Stock Company”).

Key reasons, factors and (or) circumstances on the strength of which the Corporation fails to comply with or complies if not in full volume with the corporate governance principles assigned in the Code of Corporate Governance, as well as corporate governance mechanisms and tools used by the Corporation in place of those recommended by the Code of Corporate Governance are given in the Table shown below (in the column of the same name).

Planned (expected) actions and measures to improve the Corporate governance model and procedure

Corporation intends to eliminate most of the inconsistencies by changing organization of managerial bodies operation, introduce new institutions and corporate procedures; make amendments to the existing normative documents, as well as approve new ones (RSC Energia’s Articles of Incorporation, Code of Corporate Governance; Provision on General Shareholders Meetings; Provision on Board of Directors; bylaws which involve in-house regulatory and procedural documents on organization of risk management system, internal control and internal audit within the Corporation).

154

Assessment of corporate governance quality in the Corporation(components of corporate governance quality self-appraisal)

Components

Assessment

Number of questions

Component weight in general assessment, %

Actual points

Maximum points

Level of correspondence, %

I. Shareholders’ rights 22 14 65 79 82

II. Board of Directors 56 37 133,5 202 66

III. Executive management 5 7 24 38 63

IV. Information transparency and disclosure 15 25 100 135 74

V. Risk management, internal control and internal audit 16 11 33 63 52

VI. Corporate social responsibility, business ethics 6 6 18 31 58

General assessment 120 100 373,5 548 68

155

Report on compliance with the Code of Corporate Governance principles and recommendations

This Report on compliance with the Code of Corporate Governance principles and recommendations was considered at RSC Energia’s Board of Directors meeting held on 24.05.2016, Minutes No21, as part of the Annual Report.

Board of Directors confirms that data given in this Report contains compete and trustworthy information about RSC Energia’s compliance with the Code of Corporate principles and recommendations for 2015.

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

1.1 Corporation shall ensure equitable and fair relations regarding all shareholders when they exercise their rights to taking part in the Corporation management1.1.1 Corporation shall create for its shareholders

most favorable conditions for their taking part in general meeting; conditions for taking a reasonable position with respect to agenda of general meeting, coordination of their efforts, as well as giving their view on matters under consideration

1. There are the Corporation By-Laws in open access approved by general shareholders meeting and regulating procedures to hold general meeting.2. Corporation offers an easy way to communicate with it, such as “hot line”, E-mail or Internet forum which makes it possible for shareholders to give their views and send their questions concerning the agenda during preparations for holding general meeting. The above actions were taken by the Corporation on the eve of each general meeting held over the accounting period.

þcompliance□ partial compliance□ non-compliance

1.1.2 Procedure to notify about holding general meeting and submission of materials to general meeting enables shareholders to prepare thoroughly for attending it.

1. Notice about general shareholders meeting to be held shall be placed (issued) on Internet site no later than 30 days prior to general meeting.2. Notice about forthcoming meeting shall indicate venue of a meeting and documents required for admission to building.3. Shareholders were provided access to information about who proposed agenda items and who put up candidates to the Corporation Board of Directors and Auditing Committee.

þcompliance□ partial compliance□ non-compliance

Information about who proposed agenda items and who put up the candidates to Board of Directors and Auditing Committee was addressed in Appendices to Minutes of Board of Directors’ meetings at which items on GSM preparation were considered. A shareholder could get such information at shareholders’ office.

156

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

1.1.3 In the course of holding general meeting, shareholders were afforded an opportunity to gain unobstructed and prompt access to information about a meeting and its submittals; ask questions to the Corporation executive bodies and Board of Directors members, communicate to each other.

1. During the accounting period, shareholders were afforded an opportunity to ask questions to the Corporation executive bodies and Board of Directors’ members both on the eve of annual general meeting and in the course of its operation.2. Board of Directors’ position (including special opinions inserted in the Minutes) with respect to each item on the agenda of the general meetings held was made part of the submittals to be sent to general shareholders’ meeting.3. Corporation provided access to the List of persons entitled to attend general meeting of the shareholders who have the right thereto starting on the date the Corporation received it, in all cases of holding general meetings in the accounting period.

þcompliance□ partial compliance□ non-compliance

1.1.4 Exercising shareholder’s right to request calling general meeting; put up candidates for election to managerial bodies and make proposal to be included in the agenda of general meeting did not involve unjustified difficulties.

1. In the accounting period shareholders were given a chance to make proposals to be inserted in the agenda annual general meeting within at least 60 days after the end of respective calendar year.2. During the accounting year, the Corporation did not refuse to put proposals on the agenda or for candidates to the Corporation bodies on the ground of misprints and other insignificant shortcomings in shareholder’s proposal.

□ complianceþpartial compliance□ non-compliance

Existing Articles of Incorporation set due date for putting proposals on the agenda of GSM: 45 days after calendar year is over.These recommendations will be implemented later: they will be included in the redrafted Articles of Incorporation proposed for approval at AGSM by the 2015 performance of the Corporation.

157

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

1.1.5 Each shareholder had an opportunity to exercise his voting right freely following the procedure which is the easiest and most convenient for him.

1. Corporation By-laws (its in-house policy) state the provisions under which each participant of general meeting can require copy of ballot he (she) completed and certified by counting commission before respective meeting is over.

□ compliance□ partial complianceþnon-compliance

By-laws have no provisions under which each participant of GSM could require copy of ballot completed by him and certified by counting commission before respective meeting is over. Actually, the above provisions are being implemented. These recommendations will be implemented later: they will be included in the redrafted GSM Regulations.

1.1.6 Corporation-established procedure to hold general meeting provides equal opportunity for all persons present at a meeting express their opinion and ask the questions they are interested in.

1. When holding general shareholders’ meeting in the form of a meeting (joint attendance of all shareholders), sufficient time was allowed for presenting reports on agenda items and for discussion of these items.2. Candidates for election to managerial and control bodies of the Corporation were available for answering shareholders’ questions at the meeting were they as nominees were put to a vote.3. In taking decisions on preparation and holding general shareholders’ meetings, Board of Directors considered the item on using telecommunication facilities for making remote access available to shareholders to take part in general meeting during the accounting period.

□ complianceþpartial compliance□ non-compliance

Board of Directors did not consider the item on using telecommunication facilities for making remote access available to shareholders to take part in GSM.Shareholders have an opportunity to forward the ballots completed to the Corporation before holding a meeting.Taking into account that most of the shareholders reside in Moscow Region, during preparations for a meeting special office at the place of the Corporation location is set up for the shareholders so that they could familiarize themselves thoroughly with the materials and get explanations if necessary, as well as ask questions both orally and in writhing.

1.2 Shareholders are granted an equal and fair opportunity to share in profits of the Corporation by getting dividends1.2.1 Corporation developed and introduced

transparent and clear mechanism for determining size of dividends and their payouts.

1. Dividend policy is developed, approved by Board of Directors and disclosed in the Corporation.2. If the Corporation dividend policy uses RSC Energia’s reporting indicators to determine size of dividends, then corresponding provisions of dividend policy shall take into account consolidated indicators of financial accounting.

□ complianceþpartial compliance□ non-compliance

Dividend policy provisions do not cover consolidated indicators of financial accounting. As the Corporation became part of OAO URSC at the end of 2014, its dividend policy is based upon corresponding dividend policy being pursued by OAO URSC.

158

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

1.2.2 Corporation does not take decision on dividend payouts in the event that this decision (while not formally violating the limitations established by legislation) is not economically justified and can lead to misrepresentation of the Corporation operation.

1. Corporation dividend policy gives clearly defined instructions with respect to financial/economic circumstances under which the Corporation shall not pay dividends.

þcompliance□ partial compliance□ non-compliance

Net profit obtained.

1.2.3 Corporation shall protect existing shareholders against infringement of their rights.

1. During the accounting period, the Corporation did not take action resulting in infringement of dividend rights of the existing shareholders.

þcompliance□ partial compliance□ non-compliance

1.2.4 Corporation aims to exclude use by shareholders of other methods to get profit (income) at the Corporation expense other than dividends and liquidating value

1. In order to prevent use by shareholders of other methods to get profit (income) at the Corporation expense other than dividends and liquidating value, the Corporation By-laws state control mechanisms which ensure timely reveal of transactions and approval procedure for transactions with the persons affiliated with the existing shareholders (persons entitled to be in charge of votes related to voting stock) when the law does not recognize formally these transactions as interested-party transactions.

□ complianceþpartial compliance□ non-compliance

Members of the managerial bodies are bound to report any conflicts of interest or self-interest in effecting transactions.

1.3 Corporate governance system and practice ensure equal conditions for all the shareholders who own shares of the same category (type), including minority (small) shareholders and foreign shareholders, as well as the Corporation attitude to shareholders based on equality

1.3.1 Corporation created conditions for fair attitude to each shareholder on the part of the Corporation managerial bodies and officials in charge of control, including those conditions which ensure impermissibility of abuses on the part of major shareholders with respect to minority shareholders.

1. During the accounting period, the procedures to control potential conflicts of interest among the existing shareholders were efficient; the Board of Directors paid due attention to the conflicts between the shareholders if such were the case.

þ compliance□ partial compliance□ non-compliance

159

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

1.3.2 Corporation does not take actions which lead or can lead to artificial redistribution of corporate control.

1. Quasi-treasury stocks are not available or were not involved in voting process during the accounting period.

□ compliance□ partial complianceþnon-compliance

When GSM takes decisions, legal entities as subsidiary companies of the Corporation take part in voting (via voting by “quasi-treasury” stocks).At the present time, the issue of quasi-treasury stocks transfer to trust management is being agreed upon, in accordance with which voting rights at the meeting are handed over to trustee who is beyond control of the Corporation.

1.4 Shareholders are provided with reliable and efficient methods to record rights to shares, as well as an opportunity to alienate freely and without encumbrance the shares they own

1.4 Shareholders are provided with reliable and efficient methods to record their rights to shares, as well as an opportunity to alienate freely and without encumbrance the shares they own.

1. Quality and reliability of activity to keep register of securities owners being conducted by the Corporation registrar meet the requirements of the Corporation and its shareholders.

þcompliance□ partial compliance□ non-compliance

2.1 Board of Directors provides strategic management of the Corporation; defines basic principles and approaches to organization of risk management and internal control system in the Corporation; monitors the Corporation executive bodies operation; as well as performs other key functions.

2.1.1 Board of Directors is responsible for taking decisions on appointment to and discharge from posts held in executive bodies, including due to improper performance by them of their duties. Also the Board of Directors exercises control over the Corporation executive bodies so that they act on the approved development strategy and core business of the Corporation

1. Board of Directors acts within the limits of authority set forth in the Articles of Incorporation which provides for appointment to, discharge from posts held and defining contract terms regarding executive bodies members.2. Board of Directors considered report (reports) of single-member executive body and collective executive body on progress in implementation of the Corporation strategy.

þcompliance□ partial compliance□ non-compliance

Board of Directors reviewed reports on progress in execution of the Corporation Work Program on a regular basis over respective period (as the rocket-space industry reform is being implemented now, the Corporation strategy is under development)

160

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

2.1.2 Board of Directors determines basic long-term guidelines for the Corporation operation; evaluates and approves key indicators of its operation and major business objectives of the Corporation; assesses and approves the strategy and business plans by core activities of the Corporation.

1. During the accounting period, the Board of Directors meetings considered the issues with respect to progress in implementation and updating of the strategy; approval of financial-economic plan (budget) of the Corporation. Also criteria and figures (including interim figures) of the strategy and business plan implementation were reviewed.

þcompliance□ partial compliance□ non-compliance

2.1.3 Board of Directors defines concepts and approaches to risk management and internal control system organization in the Corporation.

1. Board of Directors defined concept and approaches to risk management and internal control system organization in the Corporation2. Board of Directors gave assessment of risk management and internal control system in the Corporation over the accounting period

□ complianceþpartial compliance□ non-compliance

The issue concerning approaches to risk management system organization is currently under discussion.

2.1.4 Board of Directors formulates the Corporation policy concerning remuneration and (or) compensation for expenses to the Board of Directors, executive bodies members and other key executives of the Corporation.

1. Corporation developed and introduced the Board of Directors-approved policy (policies) concerning remuneration and compensation for expenses to the Board of Directors, executive bodies members and other key executives of the Corporation.2. During the accounting period, the issues related to the above policy (policies) were considered at the Board of Directors meetings.

□ complianceþpartial compliance□ non-compliance

Separate document on remuneration of the Board of Directors members was developed and approved by GSM. As regards the remuneration policy for executive bodies members, the main principles and approaches tied to KPIs were approved. Developemnt of the document detailing these principles is currently in the process of updating.

2.1.5 Board of Directors plays a crucial role in prevention, revealing and settlement of internal conflicts between the Corporation bodies, shareholders and employees.

1. Board of Directors plays a crucial role in prevention, revealing and settlement of internal conflicts.2. Corporation developed the system identifying the transactions involving conflicts of interest, as well as the system of measures aimed to settle conflicts like that.

þcompliance□ partial compliance□ non-compliance

161

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

2.1.6 Board of Directors plays a crucial role in ensuring transparency of the Corporation, timely and complete disclosure of information by the Corporation; easy access of shareholders to the Corporation documents.

1. Board of Directors approved the Provision on information policy.2. Corporation assigned persons responsible for pursuing information policy.

□ complianceþpartial compliance□ non-compliance

No formalized Provision on information policy has been approved yet. Corporation discloses information provided for by current legislation for public corporations. In preparation for AGSM by the 2014 performance, the materials for shareholders were placed on the Corporation Internet site. There is also the Provision on relations with mass media.

2.1.7 Board of Directors exercises control over corporate governance practice in the Corporation and plays a crucial role in important corporate events of the Corporation.

1. During the accounting period the Board of Directors considered the matter concerning corporate governance in the Corporation.

þcompliance□ partial compliance□ non-compliance

2.2 Board of Directors is accountable to the Corporation shareholders2.2.1 Information about the Board of Directors

operation shall be disclosed and made available to shareholders.

1. Corporation Annual Report over the accounting period covers information about attendance by each of the directors of the Board of Directors’ and Committees’ meetings.2. Annual Report comprises information about main assessment results of the Board of Directors operation during the accounting period.

þcompliance□ partial compliance□ non-compliance

Board of Directors operation is assessed annually and this assessment includes evaluation of the committees performance. Assessment results are considered at Board of Directors’ meeting. This assessment is given in the Annual Report as part of information about the Board of Directors’ meetings (resolutions passed) in the accounting period.

2.2.2 Chairman of the Board of Directors is available for communication with the Corporation shareholders.

1. Corporation established transparent procedure which ensures that shareholders can forward to the Board of Directors their questions and positions they hold.

þcompliance□ partial compliance□ non-compliance

Shareholders are afforded an opportunity to turn to the Chairman of the Board of Directors in writing, as well as ask questions in writing at general shareholders’ meeting.

2.3 Board of Directors is an efficient and professional managerial body of the Corporation; has the authority to make impartial judgments and take decisions which meet the interests of the Corporation and its shareholders.

162

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

2.3.1 Only those persons who have impeccable business and personal reputation, acquired knowledge, skills and experience required to take decisions falling within competence of the Board of Directors and essential to perform its functions efficiently, are elected to the Board of Directors as its members.

1. Procedure to assess efficiency in the Board of Directors’ operation established in the Corporation comprises (among other things) evaluation of job skills of the Board of Directors members.2. During the accounting period, the Board of Directors (or its Committee on nominations) evaluated the nominees to the Board of Directors in terms of their experience, knowledge, business reputation, absence of conflicts of interest, etc.

□ complianceþpartial compliance□ non-compliance

Procedure to assess efficiency in the Board of Directors operation is not approved. Quality of the Board of Directors operation is assessed annually. Assessment includes evaluation of the committees operation.Assessment results are considered at Board of Directors meeting.Assessment of the nominees was not made as the major shareholder of the Corporation is included in the List of strategic joint-stock companies. Accordingly, the List of nominees to the Board of Directors’ members put up from the RF was made up on the basis of the RF Government order.

163

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

2.3.2 Corporation Board of Directors members are elected via a transparent procedure which enables the shareholders to get full information about the nominees to form a true notion of their personal and professional qualities.

1. In all cases of holding general shareholders’ meeting whose agenda included the items of Board of Directors election, the Corporation submitted to the shareholders personal data on all nominees to be elected to the Board of Directors; results of these nominees evaluation performed by the Board of Directors (or its Committee on nominations); information about nominee conformity to criteria of independence according to the recommendations 102-107 stated in the Code, as well as nominees’ consent in writing to be elected to the Board of Directors.

□ complianceþpartial compliance□ non-compliance

Nominees evaluation, as well as assessment of nominees conformity to independence criteria have not been performed. Till 2014, the Corporation had been in the List of strategic joint-stock companies (approved by the RF President Decree No1009 of 04.08.2004). At the present time, major shareholder of the Corporation enters in the List of strategic joint-stock companies; accordingly, the List of nominees to the Board of Directors put up from RF was made up on the basis of the RF Government order. Information about referring Board of Directors’ member to independent directors is included in the Quarterly Report of the Issuer. Information about personal data, work experience and written consent to be elected to the Board of Directors was made available to the shareholders.

2.3.3 Board of Directors membership is balanced in terms of its members qualification, their experience, knowledge, business qualities; Board of Directors enjoys confidence among the shareholders.

1. As part of the procedure for assessment of the Board of Directors performance made during the accounting period, the Board of Directors analyzed its own needs regarding job skills, experience and business skills.

□ complianceþpartial compliance□ non-compliance

With due regard for peculiarities of building up membership of the Board of Directors indicated in items 2.3.1-2.3.2, Board of Directors did not make any assessment of own needs regarding qualification, experience and business skills.Board of Directors membership currently in force is highly skilled and enjoys confidence among the shareholders.

164

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

2.3.4 Membership of the Corporation Board of Directors enables to arrange Board of Directors operation in a most efficient manner, including a possibility to set up Board of Directors’ Committees, as well as ensures that important minority shareholders can elect nominee they are voting for to the Board of Directors.

1. As part of the procedure for Board of Directors assessment made in the accounting period, the Board of Directors considered the matter concerning conformity of the Board of Directors membership with the Corporation needs and shareholders’ interests.

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Board of Directors membership of 11 persons enables to set up Committees at the Board of Directors, as well as ensure that the shareholders who own at least 7.5% of stock, can elect their nominee to the Board of Directors.

2.4 Sufficient number of independent directors is in the Board of Directors membership2.4.1 A person is regarded as independent director

if he (she) is proficient enough in his(her) profession, have a broad experience and independence to take his own stand; can make impartial and fair judgments not influenced by executive bodies of the Corporation, separate groups of shareholders or other parties concerned. In so doing, it should be noted that in normal conditions nominee (elected member of the Board of Directors) cannot be regarded as independent in case of his being tied to the Corporation, its major shareholder, important counterpart or the Corporation competitor or to the government.

1. During the accounting period, all independent Board of Directors members met all criteria of independence indicated in the Code recommendations 102-107 or were regarded as independent by the decision of the Board of Directors.

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2.4.2 Nominees to the Board of Directors members are assessed for their satisfying criteria of independence, as well as independent Board of Directors members are reviewed for their satisfying criteria of independence on a regular basis. When making this assessment, content shall govern form.

1. During the accounting period, Board of Directors (or Committee on nominations) made an opinion about independence of each nominee to Board of Directors and presented relevant report to the shareholders.2. During the accounting period, the Board of Directors (or Committee on nominations at the Board of Directors) considered at least once independence of the existing members of the Board of Directors which are referred to in the Corporation Annual Report as independent directors.3. Corporation developed the procedures defining required actions to be taken by a member of the Board of Directors in the event that he ceases to be independent, including his commitment to inform the Board of Directors about it in a timely manner.

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Board of Directors did not make an opinion about independence of the nominees due to peculiarities of Board of Directors staff selection indicated in items 2.3.1-2.3.2 and item 2.4.3. Criteria of Board of Directors members independence are set forth in the redrafted Provision on the Board of Directors proposed for approval at AGSM by the 2015 performance.Board of Directors members were assigned to furnish information about changed data in form presented.

2.4.3 Independent directors account for no less than one-third of the elected Board of Directors staff.

1. Independent directors account for no less than one-third of the elected Board of Directors staff.

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Independent directors account for no less than one-third of the elected Board of Directors staff. The Corporation takes the view that a wide circle of independent directors should not be involved in operation of the companies engaged in business of Defense-Industrial Complex of Russia (RF DIC).

2.4.4 Independent directors play a crucial role in prevention of internal conflicts in the Corporation and taking significant corporate actions.

1. Independent directors (with no conflicts of interest) give a preliminary estimate of significant corporate actions which may entail conflict of interests, then this estimate results are submitted to the Board of Directors

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Significant corporate actions are open to discussion in all aspects at the Board of Directors meetings.

2.5 Chairman of the Board of Directors helps to perform functions assigned to the Board of Directors in a more efficient way

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2.5.1 Chairman of the Board of Directors is elected from independent directors; or senior independent director is chosen from the elected independent directors who shall coordinate work being performed by independent directors and interface with the chairman of Board of Directors.

1. Chairman of the Board of Directors is independent director or senior independent director is chosen from the elected independent directors.

2. Role, rights and responsibilities of the Chairman of the Board of Directors (senior independent director if appropriate) are defined properly in the Corporation By-laws.

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Chairman of the Board of Directors is not independent director.Role, rights and responsibilities of the Board of Directors are clearly defined properly in the Provision on the Board of Directors. Corporation takes the view that a wide circle of independent directors should not be involved in operation of the companies engaged in the RF DIC. All members of the Board of Directors may interface with the Chairman of the Board of Directors.

2.5.2 Chairman of the Board of Directors creates constructive atmosphere during meetings being held, free discussion of the matters put on the agenda of a meeting; follow-up control of decisions taken at the Board of Directors.

1. Work efficiency of the Chairman of the Board of Directors was evaluated as part of the procedure to assess performance of the Board of Directors operation over the accounting period.

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Quality of the Board of Directors work is assessed annually. Overall assessment covers assessments of the committees work. Performance of the committees operation is considered at the Board of Directors meeting. No assessment of work efficiency of the chairman of Board of Directors was made separately. Chairman of the Board of Directors creates constructive atmosphere of the meetings being held, free discussion of the matters, follow-up control of the decisions taken at the Board of Directors.

2.5.3 Chairman of the Board of Directors takes action required to timely provide members of the Board of Directors with information essential to take decisions on the agenda items.

1. Corporation By-laws make the Chairman of the Board of Directors responsible for ensuring timely presentation of the materials on the Board of Directors meeting agenda items to the Board of Directors members.

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2.6 Board of Directors members act in good faith and reasonably in the Corporation interests, as well as its shareholders, based upon adequate information, with due diligence and circumspection

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2.6.1 Board of Directors members take decisions with due regard for all information available, in the absence of conflict of interests with equitable attitude to the Corporation shareholders, within customary entrepreneurial risk.

1. Corporation By-Laws establish that member of the Board of Directors shall inform the Board of Directors in the event of any conflict of interests concerning any agenda item of the Board of Directors or its committee meeting, before discussion starts of respective agenda item.2. Corporation By-laws provide for that Board of Directors member shall abstain from voting on any item which implies conflict of interest.3. Corporation establishes the procedure under which the Board of Directors may obtain professional advice on the issues falling within its competence at the Corporation’s expense.

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Recommendation on the issues concerning avoidance of conflict of interests by the Board of Directors member are implemented although they are not foreseen in the By-laws (Provision on conflict of interests in RSC Energia is applied to the Corporation employees). These recommendations will be carried out later-reflected in the redrafted Board of Directors. No procedure was established under which the Board of Directors could obtain professional advice on the issues falling within its competence at the Corporation’s expense.

2.6.2 Rights and responsibilities of the Board of Directors members are clearly defined and set forth in the Corporation By-Laws.

1. Corporation adopted and issued the By-laws which clearly define rights and responsibilities of the Board of Directors members.

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2.6.3 Board of Directors members have enough time to perform their duties.

1. Individual attendance of the Board of Directors and committees meetings, as well as time allowed to prepare for taking part in the meetings were taken account of in the procedure for assessment of the Board of Directors performance during the accounting period.2. In accordance with the Corporation By-Laws, the Board of Directors members shall inform the Board of Directors about their intention to join managerial bodies of other entities (apart from subsidiary and allied companies of the Corporation), as well as about the fact of this assignment.

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Provision on the Board of Directors provides for that the Board of Directors members in case of changed personal data shall forward to the Corporation changes entered in the form which includes data on taking part in managerial bodies of other entities.

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2.6.4 All members of the Board of Directors are afforded an equal opportunity to gain access to the Corporation documents and information. Newly-elected members of the Board of Directors get sufficient information about the Corporation and Board of Directors’ operation within the shortest period possible.

1. In accordance with the Corporation By-Laws, Board of Directors members are granted the right to gain access to documents and make inquiries concerning the Corporation and its subsidiary and allied companies, while executive bodies of the Corporation are bound to present respective information and documents.2. Finalized program of familiarization for newly-elected members of the Board of Directors is available in the Corporation.

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No finalized program of familiarization measures for newly-elected members of the Board of Directors is available. These recommendations are implemented but not foreseen in the By-laws.

2.7 Board of Directors meetings, preparation for them and participation of the Board of Directors members in them ensure efficient operation of the Board of Directors.

2.7.1 Board of Directors meetings are held as required, with due regard for scope of work and challenges the Corporation faces during a definite period of time.

1. Board of Directors held at least six meetings over the accounting period.

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2.7.2 Corporation By-laws establish the procedure for preparation and holding meetings of the Board of Directors which makes it possible for the Board of Directors to prepare properly for them.

1. Corporation approved the By-laws defining the procedure for preparation and holding Board of Directors meetings which also states that notice about holding a meeting shall be made as a rule at least 5 days before a date of its holding.

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2.7.3 Form of a meeting to be held by Board of Directors shall be determined taking into account urgency of the agenda items. Critically important problems shall be solved at full-time meetings.

1. Articles of Incorporation or By-Laws of the Corporation stipulate that critical problems (according to the List given in recommendation 168 of the Code) shall be considered at full-time meetings of the Board of Directors.

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Critical problems are solved at the full-time meetings of the Board of Directors, but no mention was made about it in the By-Laws. In taking a decision on form of a meeting to be held by the Board of Directors, the Chairman of the Board of Directors takes into account the recommendations provided by the Code of Corporate Governance and urgency of the issue.

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2.7.4 Decisions of critical problems concerning the Corporation operation are taken at Board of Directors meeting by qualified majority or majority vote of all the elected Board of Directors members.

1. RSC Energia’s Articles of Incorporation stipulate that decisions on critically important issues stated in recommendation 170 of the Code shall be taken at Board of Directors’ meeting by qualified majority of no less than three-fourths of the votes or by majority vote of all the elected Board of Directors members

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Decisions on critical issues are taken by qualified majority of 2/3 of the votes or by majority vote of all the elected Board of Directors members.

2.8 Board of Directors sets up Committees for preliminary consideration of critically important issues concerning the Corporation operation2.8.1 Committee on Audit consisting of

independent directors is set up to preliminarily review the issues concerning supervision over financial-economic activity of the Corporation.

1. Board of Directors set up the Committee on Audit consisting exclusively of independent directors.

2. Corporation By-laws set forth tasks set to the Committee on Audit, including tasks addressed in recommendation 172 of the Code.

3. At least one member of the Committee on Audit being independent director shall have an experience and knowledge in the field of financial statement preparation, analysis, assessment and audit.

4. Meetings of the Committee on Audit were held at least once a quarter during the accounting period.

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Committee on Audit includes not only independent directors due to the view taken by the Corporation with respect to number of independent directors. The rest of the recommendations are adhered to.

2.8.2 For preliminary consideration of the issues concerning efficient and transparent remuneration practice, the Committee on Remuneration was set up which consists of independent directors and is headed by independent director who is not chairman of the Board of Directors.

1. Board of Directors set up the Committee on Remuneration represented by only independent directors.2. Chairman of the Committee on Remuneration is independent director who is not chairman of the Board of Directors.3. Corporation By-laws set tasks to the Committee on Remuneration, including those addressed in recommendation 180 of the Code.

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Committee on Personnel and Remuneration includes not only independent directors due to the view taken by the Corporation with respect to the number of independent directors. The rest of the recommendations are adhered to.

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2.8.3 For preliminary consideration of the issues concerning personnel planning (continuity planning), professional staff and efficient operation of the Board of Directors, the Committee on nominations (appointments, personnel) was set up; most of its members are independent directors.

1. Board of Directors set up the Committee on nominations (or its tasks addressed in recommendation 186 of the Code are fulfilled by other Committee); most of the Committee’s members are independent directors.2. Corporation By-laws define tasks set to the Committee on nominations (or respective Committee with the combined functions), including the tasks stated in recommendation 186 of the Code).

□ complianceþpartial compliance□ non-compliance

Tasks set to the Committee on nominations are partially implemented within the framework of the Committee on Personnel and Remuneration.

2.8.4 With due regard to the Corporation Scope of work and risk level, the Board of Directors made sure that its Committees’ staff is in full agreement with the objectives which are to be achieved by the Corporation during its operation. Additional Committees were either set up, or recognized as unnecessary (Committee on Strategy, Committee on Corporate Governance, Committee on ethics, Committee on Risk Management, Budget Committee, Committee on Health, Safety and Environment, etc)

1. Over the accounting period, the Corporation Board of Directors considered the issue of whether its Committees’ membership is consistent with the Board of Directors objectives and aims of the Corporation operation. Additional Committees either were set up, or were recognized as unnecessary.

□ complianceþpartial compliance□ non-compliance

During the accounting period, the Board of Directors took a decision to change the name of the Committee on Strategy and call it the Committee on Strategic Planning, Modernization and Innovative Development, with relevant changes introduced into the Provision on Committee, added respective tasks and functions.

2.8.5 Composition of the Committees was selected so that it was possible to hold thorough discussion of the issues being considered beforehand with due regard for different opinions.

1. Board of Directors Committees are headed by independent directors.

2. Corporation By-laws (policies) stipulate the provisions under which the persons who are not members of the Committee on Audit, Committee on Nominations and Committee on Remuneration, may attend meetings of the Committees only at the invitation of the chairman of relevant Committee.

□ complianceþpartial compliance□ non-compliance

Chairmen of 2 of the 3 Committees are independent directors.Provision on committees provide for clauses in accordance with which the persons who are not members of the Committees, may attend meetings of the committees only at the invitation of chairman of relevant Committee.

2.8.6 Committees chairmen keep the Board of Directors and its chairman informed about operation of their committees.

1. During the accounting period, chairmen of the Committees reported on the committees operation to the Board of Directors on a regular basis

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2.9 Board of Directors ensures quality assessment of the Board of Directors, its Committees operation and Board of Directors’ members performance2.9.1 Board of Directors operation quality

assessment is aimed to determine level of efficiency of the Board of Directors, Committees operation, Board of Directors’ members performance; degree of their work conformity with the Corporation changing needs; to boost Board of Directors activity and identify areas where their activity can be improved.

1. Self-appraisal or outside assessment of the Board of Directors operation performed during the accounting period, included evaluation of the committees activities, performance of certain members of the Board of Directors and the Board of Directors as a whole.

2. Results of self-appraisal or outside assessment of the Board of Directors performed during the accounting period, were reviewed at full-time meeting of the Board of Directors.

þcompliance□ partial compliance□ non-compliance

2.9.2 Assessment of the Board of Directors, Committees operation and Board of Directors members performance is made on a regular basis at least once a year. Outside organization (consultant) is brought in to assess independently quality of the Board of Directors work at least one time per three years.

1. In order to make an independent assessment of the Board of Directors work quality, an outside organization (consultant) was brought in by the Corporation during the three last accounting periods at least once.

□ complianceþpartial compliance □ non-compliance

Board of Directors work quality is assessed annually.Summarizing the 2013 performance, the Corporation brought outside organization in order to assist in its work on the Annual Report, with assessment of the Board of Directors operation as part thereof.

3.1 Corporate Secretary of the Corporation carries out current efficient interaction with shareholders; coordinates the Corporation actions relative to protection of shareholders’ rights and interests; supports efficient Board of Directors’ operation.

3.1.1 Corporate Secretary has knowledge, experience and qualification sufficient to be able to perform duties he is entrusted with; also he has impeccable reputation and enjoys confidence on the shareholders’ part.

1. Corporation adopted and made public its in-house document: Provision on Corporate Secretary.2. Corporation Internet site and Annual Report present personal data on Corporate Secretary, degree of detailing of which is identical to those for Board of Directors and executive management members of the Corporation.

□ compliance□ partial complianceþnon-compliance

Board of Directors found it inadvisable to introduce a position of RSC Energia’s corporate secretary (Minutes No4 of 20.02.2012) due to the fact that legislation is vague about it. Also Board of Directors noted that there is no requirement about binding introduction of the above position in current legislation. Permanent position of corporate secretary is not introduced in the Corporation. The By-laws establish that the Board of Directors elects its secretary who actually performs functions of corporate secretary.

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3.1.2 Corporate Secretary is granted independence from executive bodies of the Corporation and given authority and resources required to fulfill tasks set to him (her).

1. Board of Directors approves corporate secretary appointment, his discharge from the position, as well as extra remuneration.

□ complianceþpartial compliance□ non-compliance

Board of Directors elects secretary of the Board of Directors who actually performs corporate secretary functions and at any time the Board of Directors may take a decision on his (her) reelection.Extra remuneration for performance of corporate secretary functions is not provided for.

4.1 Size of remuneration being paid by the Corporation is sufficient to attract, motivate and retain the persons with competence and qualification required for the Corporation. Remuneration to the Board of Directors, executive bodies members and other key officials of the Corporation is paid in accordance with the remuneration policy adopted in the Corporation.

4.1.1 Size of remuneration granted to the Board of Directors, executive bodies members and other key officials by the Corporation provides adequate motivation for their efficient service which makes it possible for the Corporation to attract and retain competent and highly skilled specialists. In so doing, the Company prevents size of remuneration unreasonably higher than required, as well as unreasonably great gap between sizes of remuneration of the above persons and the rest of the employees of the Corporation.

1. Corporation adopted the By-laws such as the Policy (policies) of remuneration for the Board of Directors, executive bodies members and other key officials, which clearly define approaches to remuneration of the above persons.

□ complianceþpartial compliance□ non-compliance

Document specifying the procedure to calculate and pay remuneration and compensate for expenses of the Board of Directors members has been approved. The document defining approaches to remuneration of top managers is under development and in the process of concurrence. The above process is led by the Committee on Personnel and Remuneration.

4.1.2 Corporation Policy on remuneration was established by the Committee on Remuneration and approved by RSC Energia Board of Directors. Board of Directors assisted by the Committee on Remuneration monitors introduction and implementation of the remuneration policy in RSC Energia, as well as reviews it and amends it if necessary.

1. During the accounting period, the Committee on remuneration reviewed the remuneration policy (policies) and its implementation practice and submitted respective recommendations to the Board of Directors in case of need.

□ complianceþpartial compliance□ non-compliance

Committee on Personnel and Remuneration considered relevant draft documents on remuneration sent to them for updating with respective recommendations.

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4.1.3 Corporation Remuneration Policy covers transparent mechanisms for determining size of remuneration to be paid to the Board of Directors, executive bodies members and other key officials of RSC Energia, as well as regulates all kinds of payments, benefits and privileges to be granted to the above persons.

1. Corporation remuneration policy (policies) covers transparent mechanisms for determining size of remuneration to the Board of Directors, executive bodies members and other key officials, as well as regulates all kinds of payments, benefits and privileges to be granted to the above persons.

□ complianceþpartial compliancenon-compliance

See Comments for item 4.1.1 and 4.1.2

4.1.4 Corporation defines the policy of compensating for expenses (compensations) specifying the List of costs to be reimbursed, as well as level of service that the Board of Directors, executive bodies members and other key officials of the Corporation may claim. This policy may be part of the Corporation remuneration policy.

1. Corporation remuneration policy (policies) or other By-laws of RSC Energia establish rules for compensating for expenses incurred by the Board of Directors, executive bodies members and other key officials.

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4.2 Remuneration system of the Board of Directors members ensures that the Directors’ financial interests come closer with long-term financial interests of the shareholders.

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4.2.1 Corporation pays fixed remuneration on annual basis to the Board of Directors members.Corporation shall not pay remuneration for attendance of separate meetings of the Board of Directors or its Committees. Corporation does not practice forms of short-term motivation and additional incentive fees with respect to the Board of Directors members.

1. Fixed annual remuneration is the only monetary reward of the Board of Directors members for their service in the Board of Directors during the accounting period.

□ compliance□ partial complianceþnon-compliance

The Corporation-approved document which determines the procedure for remuneration of the Board of Directors members, provides for payment of remuneration consisting of two parts: fixed and variable.Variable part depends upon the Corporation financial results during corresponding years. Size of remuneration to the Board of Directors members is differentiated depending on volume of duties to be performed by director in the Board of Directors so that additional time spent on performance of the chairman of the Board of Directors, Committee member, chairman of the Committee functions is reflected. With respect to the Board of Directors members, not any forms of short-term motivation and extra incentive fees are used.

4.2.2 Long-term equity ownership tends to draw nearer financial interest of the Board of Directors and long-term interests of the shareholders. In so doing, the Corporation does not make dependent the rights to sell shares on achievement of specific performance indicators; neither the Board of Directors members take part in options programs.

1. If any in-house document (documents) such as the Corporation remuneration policy (policies) provides for granting of the Corporation shares to the Board of Directors members, clearly-defined rules of equity ownership by the Board of Directors members aimed to encourage long-term possession of these shares shall be foreseen and made public.

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In-house document on remuneration does not provide for making the shares available to the Board of Directors members.

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4.2.3 Corporation does not provide for any additional payments or compensations in case of early termination of powers by the Board of Directors members due to handover of control over the Corporation or other circumstances.

1. Corporation does not provide for any additional payments or compensations in case of early termination of the Board of Directors members powers due to handover of control over the Corporation or other circumstances.

þcompliance□ partial compliance□ non-compliance

4.3 Remuneration system for executive bodies members and other key officials of the Corporation provides for dependence of remuneration on the Corporation performance and their personal contribution to achievement of the results.

4.3.1 Remuneration of executive bodies members and other key officials of the Corporation is determined so that reasonable and justified relation between fixed part and variable part of remuneration is ensured based upon the Corporation performance and personal (individual) contribution of employee to the end result.

1. During the accounting period, annual efficiency indicators approved by the Board of Directors were applied to determine size of variable remuneration to be paid to executive bodies members and other key officials of the Corporation.

2. During the recent assessment of the remuneration system for executive bodies members and other key officials, the Board of Directors (Committee on Remuneration) made sure that the Corporation practiced efficient relation between the fixed remuneration part and its variable part.

3. Corporation provides for the procedure ensuring return of bonus payments to the Corporation which were illegally received by the executive bodies members and other key officials of RSC Energia.

□ compliance□ partial complianceþnon-compliance

At the present time, work is underway on the development and concurrence of the document defining top management remuneration policy to be approved by the Corporation Board of Directors.During the accounting period, the document approved by RSC Energia’s executive bodies has been effective which specified the procedure for remuneration of top management tied to the Corporation performance over respective accounting period.

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4.3.2 Corporation has implemented the program to motivate executive bodies members and other key officials of the Corporation by using its stock (options or other derivatives based upon RSC Energia’s stock).

1. Corporation has implemented the program of long-term motivation for members of the Corporation executive bodies and its other key officials by using RSC Energia’s stock (financial instruments based upon the Corporation stock).

2. Program of long-term motivation for executive bodies members and other key officials of the Corporation envisages that the right to sell the stock and other financial instruments involved in this program becomes effective not earlier than three years after the date of their being made available. In so doing, the right to sell them is tied to achievement by them of specific indicators of the Corporation operation.

□ compliance□ partial complianceþnon-compliance

In the near future, the Corporation does not intend to implement this program due to joining the structure of Public Corporation ROSCOSMOS.

4.3.3 Amount of compensation (“golden parachute”) to be paid by the Corporation in the event of early termination of the powers to executive bodies members or key executives on the Corporation’s initiative and in the absence of acts in bad faith on their part shall not be higher than double the amount of fixed part of annual remuneration.

1. Amount of compensation (“golden parachute”) to be paid by the Corporation in the event of early termination of the powers to executive bodies members or key executives on the Corporation’s initiative and in the absence of acts in bad faith on their part did not exceed double the amount of fixed part of annual remuneration during the accounting period.

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Amount of compensation is determined as being equal to three average monthly salaries.

5.1 Corporation established efficiently operating risk management and internal control system aimed to ensure reasonable confidence in achievement of the objectives set to the Corporation.

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5.1.1 Corporation Board of Directors established concepts and approaches to organizing risk management and internal control system in RSC Energia

1. Functions of different control bodies and subdivisions of the Corporation with respect to risk management and internal control system are clearly defined in the Corporation By-laws/corresponding corporate policy approved by the Board of Directors.

□ complianceþpartial compliance□ non-compliance

Risk management and internal control system is currently under development. In 2014 Internal Audit Department functionally subordinate to the Board of Directors was set up. Also Auditing Office subordinate to the executive bodies was established. Risk management function is distributed among the departments. In-house normative and procedural documents on organizing risk management and internal control and internal audit system are being updated and concurred.

5.1.2 Corporation executive bodies ensure development and maintenance of efficiently operating risk management and internal control system in the Corporation.

1. Corporation executive bodies provided distribution of functions and powers regarding risk management and internal control system among managers (heads) of divisions and departments accountable to them.

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5.1.3 Corporation risk management and internal control system gives an impartial, fair and clear idea about current standing and prospects of RSC Energia; ensures integrity and transparency of its reporting, as well as acceptability of the risks the Corporation faces.

1. Corporation approved the policy to act against corruption.2. Corporation developed a simple method to inform the Board of Directors or its Committee on Audit about the facts of violating law, internal procedures, code of ethics of RSC Energia.

þcompliance□ partial compliance□ non-compliance

Policy to combat corruption was adopted early in 2016. The accounting period saw the efforts undertaken to combat corporate fraud and corruption. The Corporation site places telephone numbers for feedback communication in order to report the facts of corruption. In order to pursue the policy to combat corruption and put efficient measures into effect with respect to prevention and settlement of conflict of interests, as well as assure common corporate standards relative to Corporation and its SAC; amendment were made to the Labor Agreements of the Corporation President and SAC General Directors, a number of orders were issued on the activity to combat corruption (execution of the RF President’s Order NoPr-113 of 17.01.2012 on exclusion of conflict of interests when entering into contracts).

5.1.4 Corporation Board of Directors undertakes all required measures to make sure that the risk management and internal control system existing in the Corporation is consistent with the concepts and approaches to its organization defined by the Board of Directors and operates efficiently.

1. During the accounting period, the Board of Directors or the Committee on Audit at the Board of Directors assessed efficiency of the risk management and internal control system operation. Information about the main results of the assessment made is part of the Corporation Annual Report.

□ complianceþpartial compliance□ non-compliance

Committee on Audit gave assessment of the internal control system efficiency during the accounting period. The meeting of the Committee on Audit was attended by the head of Auditing Office at its invitation.

5.2 For systematic independent assessment of reliability and efficiency of the risk management and internal control system, as well as the corporate governance practice, the Corporation arranges conduct of internal audit.

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5.2.1 For conduct of internal audit, the Corporation set up separate organizational department or independent outside organization is brought in.Functional and administrative accountability of internal audit department are differentiated. Internal audit department is functionally subordinate to the Board of Directors.

1. For conduct of internal audit in the Corporation separate organizational department of internal audit subordinate functionally to the Board of Directors was set up or independent outside organization was brought in which was based upon the same principle of accountability.

þcompliance□ partial compliance □ non-compliance

5.2.2 Internal Audit Department gives assessment of internal control system efficiency; assessment of risk management system efficiency, as well as corporate governance system. Corporation employs generally accepted standards for internal audit activity.

1. During the accounting period, assessment was given of efficiency of the risk management and internal control system as part of internal audit activity.

2. Corporation uses generally accepted approaches to internal control and risk management.

□ complianceþpartial compliance□ non-compliance

Assessment of efficiency of the internal control system as a whole was not given in 2015 due to the fact that during the accounting period nominees were selected for the position of the head in charge of the Internal Audit Department, as well as the Work Plan for the Internal Audit Department was under development and the Auditing Office was veing establishe. Finfally in assessment was given of certain lines of activity.

6.1 Corporation and its activity are transparent for the shareholders, investors and other persons concerned.

180

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

6.1.1 Corporation formulated and adopted information policy which ensures efficient information communication with the Corporation, shareholders, investors and other persons concerned.

1. Board of Directors of RSC Energia approved its information policy formulated with due regard for the recommendations stated in the Code.2. Board of Directors (or one of its Committees) considered the issues concerning the Corporation adherence to its information policy at least once over the accounting period.

□ compliance□ partial complianceþnon-compliance

Board of Directors has not approved the Corporation information policy. RSC Energia is guided by the legislation requirements for information disclosure by joint-stock companies. The Articles of Incorporation (Art. 42) set forth the procedure for information presentation. The Corporation established its own Internet site and supports it (also English version of the site is maintained); this site places (among other things) the shareholders’ section with relevant information. The site presents contact data (phone, fax, E-mail address) which can be used by the persons concerned for requesting information and discussing various matters.

6.1.2 Corporation shall disclose information about the corporate governance system and practice, including detailed information about adherence to the principles and recommendations set forth in the Code.

1. Corporation discloses information about the Corporation corporate governance system and corporate general governance concepts being used at RSC Energia, including its Internet site.2. Corporation discloses information about the membership of its executive bodies and Board of Directors, independence of the Board members and their participation in the Committees at the Board of Directors (as defined in the Code).3. Should there be any person exercising control over the Corporation, RSC Energia shall issue memorandum concerning this person exercising control with respect to his intentions regarding corporate governance in the Corporation.

þcompliance□ partial compliance□ non-compliance

181

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

6.2 Corporation promptly discloses full, urgent and reliable information about its operation to ensure that reasonable decisions are taken by the Corporation shareholders and investors.

6.2.1 Corporation shall disclose information according to the principles of regularity, consistency and promptitude, as well as accessibility, reliability, completeness and comparability of data being disclosed.

1. Corporation information policy defines approaches and criteria for determining information which could affect assessment given to the Corporation and value of its securities, as well as the procedures ensuring prompt disclosure of information like that.2. In the event that the Corporation securities circulate on foreign organized markets, disclosure of pertinent information both in the Russian Federation and on these markets is performed simultaneously and equivalently during the accounting year.3. If foreign shareholders hold significant number of the Corporation shares, then information is disclosed not only in Russian, but also in one of the most commonly-used foreign languages.

□ complianceþpartial compliance□ non-compliance

Corporation follows the legislation requirements for information disclosure by joint-stock companies.Corporation established and supports its own Internet site. Also the English version of its site is maintained. The Corporation places its Annual Report in English on its site. Foreign shareholders hold insignificant number of the Corporation shares.

6.2.2 Corporation avoids formalistic approach to information disclosure and makes public pertinent information about its activity, even though disclosure of this information is not provided for in the legislation.

1. During the accounting period, the Company disclosed both annual financial statements and semi-annual financial statement prepared by IAS standards. The Corporation Annual Report over the accounting period covered annual financial statements prepared by IAS standards along with the auditor’s report.2. Corporation discloses full information about capital structure as per Recommendation 290 of the Code which can be found in the Annual Report and on the Internet site of the Company.

þcompliance□ partial compliance□ non-compliance

Corporation discloses annual and semi-annual financial statements prepared by IAS standards. The financial statements prepared by RAS standards is an integral part of the Annual Report.

6.2.3 Annual Report as one of the most important instruments of information communication with the shareholders and other parties concerned covers information which makes it possible to give assessment of the Corporation annual performance.

1. Corporation Annual Report contains information about the key aspects of the Corporation operation and its financial performance.2. Corporation Annual Report addresses information about ecological and social aspects of the Corporation activity.

þcompliance□ partial compliance□ non-compliance

182

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

6.3 Corporation shall furnish information and submit documents as shareholders’ requests in accordance with the principles of equal availability and being free from encumbrance.

6.3.1 Corporation shall furnish information and submit documents at shareholders’ requests according to the principles of equal availability and being free from encumbrance.

1. Corporation information policy establishes unencumbered procedure to provide the shareholders access to information, including information about the legal entities as subsidiary companies as shareholders’ request.

□ complianceþpartial compliance□ non-compliance

No finalized Provision on information policy has been approved. Corporation furnishes information and submits documents at shareholders’ requests in accordance with the principles of equal availability and being free from encumbrance. The Corporation site places the procedure for information presentation to shareholders and information about amount of payment for making document copies.

6.3.2 When the Corporation makes information available to the shareholders, the balance is kept between specific shareholders’ interests and interests of the Corporation itself which tries to maintain confidentiality of important commercial information with a potential significant effect on its competiveness.

1. During the accounting period the Corporation did not refuse to meet shareholders’ requests or these refusals were well-grounded.2. There are cases specified by the Corporation information policy when the shareholders are notified about confidential character of information and they commit themselves to keep it confidential.

□ complianceþpartial compliancenon-compliance□ non-compliance

During the accounting period, the shareholders were never refused to meet their requests about making relevant information available. Confidential information may be made available with certain restrictions and never will be made available until confidentiality agreement has been signed.

7.1 Actions that affect to a considerable extent or may affect equity capital structure and financial standing of the Corporation and shareholders’ position, respectively, (Material corporate actions) shall be conducted on fair terms ensuring adherence to the rights and interests of shareholders, as well as other parties concerned.

183

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

7.1.1 Material corporate actions mean reorganization of the Corporation; acquisition of 30% and more of voting shares of RSC Energia (take-over), making major transactions by the Corporation; increase or decrease in the charter capital of the Corporation; conduct of listing and delisting of the Corporation stock; as well as other actions which can result in significant changes of the shareholders rights or affect their interests. RSC Energia Articles of Incorporation determine the list (criteria) of transactions or other actions being material corporate actions; such actions being referred to competence of the Corporation Board of Directors.

1. Corporation Articles of Incorporation determine the list of transactions or other actions recognized as material corporate actions and criteria for their determination. Taking decisions on material corporate actions falls within competence of the Board of Directors. In those cases when the legislation directly assigns conduct of these corporate actions to the competence of general shareholders’ meeting, the Board of Directors shall give the shareholders corresponding recommendations.2. Corporation Articles of Incorporation recognize the following corporate actions as material (as a minimum): reorganization of the Corporation; acquisition of 30% and more of its voting shares (take-over); making major transactions by the Corporation; increase or decrease in the charter capital of the Corporation; listing and delisting of the Corporation stock.

þcompliance□ partial compliance□ non-compliance

Corporation Articles of Incorporation do not use term “material corporate actions”, but define a reasonably long list of the transactions and actions decisions upon which are to be taken by the Board of Directors. In cases when the issues are referred to by the legislation to competence of general shareholders’ meeting, the Board of Directors shall provide corresponding recommendations on which qualified majority (2/3 of their total number) will take decision.

7.1.2 Board of Directors plays a crucial role in taking decisions or giving recommendations on material corporate actions; in so doing, the Board of Directors relies upon position taken by independent directors of the Corporation.

1. Corporate provides for the procedure according to which independent directors declare their position on material corporate actions prior to their approval.

□ compliance□ partial complianceþnon-compliance

Procedure is not foreseen due to the view taken by the Corporation not to involve a wide circle of independent directors in the companies operating in the field of the RF DIC. In fact, the Chairman of the Board of Directors aims to ensure taking decisions on critical issues by unanimous voting of all Board of Directors members.

184

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

7.1.3 In taking material corporate actions affecting shareholders’ rights and legitimate interests, all shareholders of the Corporation are afforded equal conditions; moreover, additional measures protecting the rights and legitimate interests of the Corporation shareholders are foreseen in the event that mechanisms stipulated by law and aimed to protect the shareholders rights are not well enough.In so doing, the Corporation does not only follow formal requirements of current legislation, but also adheres to the corporate governance principles stated in the Code.

1. Corporation Articles of Incorporation with due regard for special features of its operation set lower criteria for assigning the Corporation transactions to material corporate actions than minimum criteria stipulated by law.2. During the accounting period, all material corporate actions went through the approval procedure prior to their being taken.

□ complianceþpartial compliance□ non-compliance

Corporation Articles of Incorporation do not use term “material corporate actions”, but set lower criteria for assigning the Corporation transactions to the Board of Directors competence than it is stipulated by law.

7.2 Corporation procedure for taking material corporate actions makes it possible for the shaeholders to get full information about actions like that on time; to influence taking these actions and guarantee adherence to and adequate level of their rights protection while taking these actions

7.2.1 Information about taking material corporate actions is disclosed with clarifying the reasons for, conditions and consequences of taking these actions.

1. During the accounting period the Corporation disclosed information about its material corporate actions, including the reasons for them and due dates for taking these actions.

þcompliance□ partial compliance□ non-compliance

During the accounting period the Corporation disclosed information as messages about material facts. Also the Corporation discloses information on its Internet site.

185

Item No Corporate Governance Principles Criteria for assessment of compliance with corporate

governance principle

Status of compliance with

corporate governance

principle

Explanations of deviation from assessment criteria for compliance

with corporate governance principle

7.2.2 Rules and procedures related to taking material corporate actions by the Corporation are set forth in RSC Energia’s By-laws.

1. Corporation By-laws provide for the procedure to bring independent appraiser in to provide assessment of property being alienated or acquired under big deal or interested-party transaction.2. Corporation By-laws provide for the procedure to bring independent appraiser in to provide assessment of RSC Energia’s stock acquisition and redemption.3. Corporation By-laws provide for the extended list of reasons for which RSC Energia Board of Directors members and other persons stipulated by law are recognized interested in the Corporation transactions.

□ complianceþpartial compliance□ non-compliance

Corporation distinguishes other categories of transactions in effecting of which their price shall be determined by independent appraiser involved (transactions having to do with acquisition/alienation of real property, stock (shares) of other joint-stock companies, etc.). The documents (Provision on Procurement Activity and other documents) specifying the procedure for bringing third persons in to provide services (including those of appraisers) are effective in the Corporation.The Corporation currently does not intend to extend the List of reasons for interest due to the fact that the Corporation prepared a wide list of the transactions assigned to the Board of Directors competence. In addition, there is the procedure for transactions agreement effective in the Company which makes it possible to reveal indications of informal interest or conflict of interests.

186

Appendix 6/Information about large deals effected in 2015thInformation about large deals effected by the Corporation during accounting year,

including the List of the transactions made by the Corporation during the accounting year and recognized in accordance with Federal Law «Joint-Stock Companies» as large

deals, as well as other transactions, effecting of which is subject to the procedure for large deals approval as stipulated in the Corporation Articles of Association; each

transaction being accompanied by information about its material terms and the Corporation managerial body which took decision on its approval.

No transactions recognized by Federal Law «On Joint-Stock Companies» as large deals and requiring approval by appropriate Corporation managerial bodies have been effected in the accounting year.

The Corporation Articles of Association do not state other cases in which the Corporation-effected transactions come within the procedure for large deals approval stipulated by Federal Law «On Joint-Stock Companies».

187

Appendix 7 / Information about interested-party transactions effected in 2015thInformation about interested-party transactions effected by the Corporation during the accounting year, including the List of the transactions made by the Corporation in the accounting year and recognized in accordance with Federal Law “On

Joint-Stock Companies” as interested-party transactions; with each of the above transactions being accompanied by information about respective interested party (parties), its material terms and the Corporation managerial body which

took decision on its approvalInterested – party transactions effected in 2015th with the Customers

(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount, add/agr) rubles2

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

46/5ПО-2013ad6 ad6 29.05.2015 Adaptation of the Upper Stage for SC "Ekspress-AM8" AO "ISS" after M.F.

Reshetnev 0,00 30.08.2015 19.05.2015 Board of Directors

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors

member

46/5ПО-2013ad7 ad7 05.06.2015 Adaptation of the Upper Stage for SC "Ekspress-AM8" AO "ISS" after M.F.

Reshetnev 0,00 30.09.2015 19.05.2015 Board of Directors

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors

memberTOTAL: 0,00

217/043-2013/985-13-580ad3

ad3 23.04.2015 DW component on subject: Electomechanical actuator AO "NPO Energomash" -1 911 550,00 30.09.2018 24.06.2015 Board of Directors

RSC Energia performed duties of single-member executive body of OAO NPO Energomash;

The President of the Corporation V.L. Solntsev is the member of OAO NPO Energomash Board of

Directors;The Corporation Board of Directors member M.V.

Petrov is the Company Board of Directors member

7/043-2015 24.06.2015Designer’s supervision and resolving technical issues during operation of automatics actuators system (AAS) and actuator

AO NPO Energomash 5 910 000,00 31.12.2015 25.03.2015 Board of Directors

RSC Energia performs duties of single-member executive body of OAO NPO Energomash;

The President of the Corporation V.L. Solntsev is the member of OAO NPO Energomash Board of

Directors;The Corporation Board of Directors’ member

M.V. Petrov is the Company Board of Directors member

2 In the column «Size of transaction » the signs «-» and «+»in front of the amount mean that when concluding additional agreement to the Contract the Contract price accordingly decreased or increased by stated amount (in connection with change of the works’ volume).Zeros in the column «Size of transaction » mean that the concluded additional agreement had no concern with the the Contract price (postponement of the dates for contract performance milestones, changes in the text, etc.)The amount without sign in the column «Size of transaction » means that the Contract amount didn’t change (tentative price conversion into fixed price without change, etc.).

188

Interested – party transactions effected in 2015th with the Customers(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

985-14-532-97/13Ц-

201415.01.2015 Manufacture and delivery of marketable digital/analog

converters (DAC) to the customer AO NPO Energomash 561 090 000,00 30.11.2017 25.02.2015 Board of Directors

RSC Energia performed duties of single-member executive body of OAO NPO Energomash ;

The President of the Corporation V.L. Solntsev is the member of OAO NPO Energomash Board of

Directors;The Corporation Board of Directors member M.V.

Petrov is the Company Board of Directors member

985-14-532-97/13Ц-2014ad1

ad1 15.05.2015 Manufacture and delivery of marketable digital/analog converters (DAC) to the customer AO NPO Energomash 0,00 30.11.2017 25.02.2015 Board of

Directors

RSC Energia performed duties of single-member executive body of OAO NPO Energomash;

The President of the Corporation V.L. Solntsev is the member of OAO NPO Energomash Board of

Directors;The Corporation Board of Directors member M.V.

Petrov is the Company Board of Directors member

985-14-532-97/13Ц-2014ad2

ad2 01.07.2015 Manufacture and delivery of marketable digital/analog converters (DAC) to the customer AO NPO Energomash 411 649 289,40 30.04.2018 04.08.2015 Board of

Directors

RSC Energia performed duties of single-member executive body of OAO NPO Energomash;

The President of the Corporation V.L. Solntsev is the member of OAO NPO Energomash Board of

Directors;The Corporation Board of Directors member M.V.

Petrov is the Company Board of Directors member

985-14-532-97/13Ц-2014ad3

ad3 01.07.2015 Manufacture and delivery of marketable digital/analog converters (DAC) to the customer AO NPO Energomash 58 979 142,20 30.04.2018 04.08.2015 Board of

Directors

RSC Energia performed duties of single-member executive body of OAO NPO Energomash ;

The President of the Corporation V.L. Solntsev is the member of OAO NPO Energomash Board of

Directors;The Corporation Board of Directors member M.V.

Petrov is the Company Board of Directors member

TOTAL: 1 035 716 881,60

2/242-2015 10.07.2015 Participation in preparation and fulfillment of Soyuz-CT LV launches AO RKTs Progress 3 098 840,00 30.12.2015 23.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, The Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member

2/242-2015ad1 ad1 10.07.2015 Participation in preparation and fulfillment of Soyuz-

CT LV launches AO RKTs Progress 252 120,00 30.12.2015 23.04.2015 Board of Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, The Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member

189

Interested – party transactions effected in 2015th with the Customers(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

TOTAL: 3 350 960,00

61/246-13ad2 ad2 24.09.2015

The Lessor provides for temporary possession and puts out on a loan to the Lessee communications, located on RSC Energia premises

AO Teplo RSC Energia -4 135 950,36 unlimited 07.09.2015 Board of Directors

In accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

123/4У-14 13.01.2015

In accordance with terms of this Contract the Contractor commits itself to perform, and the Customer commits itself to accept and to pay for the package of services on providing Customer’s employees with public catering. The services are rendered in Contractor’s catering facilities, located on RSC Energia premises

ZAO ZEM RSC Energia 48 700 000,00 31.12.2015 12.07.2015General

Shareholders’ Meeting

S.Y. Romanov performs duties of single-member executive body of ZAO ZEM RSC Energia;Corporation Board of Management members

P.V.Vinokurov, S.Y. Romanov, S.A. Saperov are ZAO ZEM RSC Energia Board of Management

members;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

126/2У-14 25.02.2015

Contractor commits itself to perform the following services on: staffing Customer with personnel involving workers, officials, specialists, managers of required professions, specialities and qualifications according to Customer’s requests; organization of work with Customer’s personnel; Customer’s personnel document circulation and personnel record keeping; preparation, retraining and advanced training of Customer’s personnel, target preparation of young workers and specialists

ZAO ZEM RSC Energia 12 920 206,96 31.12.2015 12.07.2014 Board of Directors

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

132/208-11ad3 ad3 06.05.2015

Contractor on behalf of Customer and in the interest of the Customer renders services, and Customer accepts and pays for the services on drawing up and supervision of insurance contracts to be concluded by the Customer with insurance companies

ZAO ZEM RSC Energia 4 165 293,61 31.03.2016 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

170/8У-10ad12 ad12 28.04.2015

Contract subject is to provide sanatorium-resort and health improvement services by the Contractor for Customer's employees in sanatoriums and health-improvement camps of the Contractor. It is executed as Voucher

ZAO ZEM RSC Energia 10 986 713,00 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM RSC

Energia Board of Management;Corporation Board of Management members V.A.

Manyuta and A.G. Pyzin are included in ZAO ZEM Board of Management of RSC Energia

170/8У-10ad13 ad13 09.09.2015

Contract subject is to provide sanatorium-resort and health improvement services by the Contractor for Customer's employees in sanatoriums and health-improvement camps of the Contractor. It is executed as Voucher

ZAO ZEM RSC Energia 0,00 unlimited 27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

170/8У-10ad14

ad14 16.12.2015 Contract subject is to provide sanatorium-resort and health improvement services by the Contractor for Customer's employees in sanatoriums and health-

ZAO ZEM RSC Energia 0,00 unlimited 27.07.2015 General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of

190

Interested – party transactions effected in 2015th with the Customers(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

improvement camps of the Contractor. It is executed as Voucher

RSC Energia;in accordance with provisions p.1 of Article 81

Federal Law «On Joint-Stock Companies»

177/003-12ad2 ad2 21.01.2015 Ensuring confidential, restricted records management ZAO ZEM RSC Energia 304 365 457,56 31.12.2018 12.07.2014

General Shareholders’

Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

200ad7 ad7 24.02.2015

Providing by the Contractor for the Customer’s employees hotel services in the hotel №1 at address: bldg.10, Kommunisticheskaya street, Korolev, Moscow Region, and in the hotel №2 at address:bldg. 14, Tsiolkovsky street, Korolev, Moscow Region.

ZAO ZEM RSC Energia 5 188 503,50 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM RSC

Energia Board of Management;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

202/553-12ad2 ad2 26.01.2015

Organization and realization of activities on information protection against foreign technical intelligence services and against its leakage by means of technical channels, information security assurance activities

ZAO ZEM RSC Energia 11 638 188,15 31.12.2018 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM RSC

Energia Board of Management;Corporation Board of Management members V.A.

Manyuta and A.G. Pyzin are included in ZAO ZEM Board of Management of RSC Energia

21/254-13ad 2 ad2 26.01.2015

The contractor is obliged to conduct the work by order of Customer on manufacturing technical documentation copies in number not less than 492 000 l.f.A4, to hand over its result to Customer, аnd Customer is obliged to get work result and to pay for it

ZAO ZEM RSC Energia 4 596 016,95 31.12.2015 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM RSC

Energia Board of Management;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

223/246-13ad1 ad1 20.01.2015 The Lessor puts out on a loan to the Lessee objects for

activity authorized in the Articles of Association ZAO ZEM RSC Energia -44 826,24 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM RSC

Energia Board of Management;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

223/246-13ad2 ad2 15.06.2015 The Lessor puts out on a loan to the Lessee objects for

activity authorized in the Articles of Association ZAO ZEM RSC Energia 47 502,37 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia223/246- ad3 18.08.2015 The Lessor puts out on a loan to the Lessee objects for ZAO ZEM RSC Energia 605 985,66 unlimited 27.07.2015 General Corporation Board of Management members P.V.

191

Interested – party transactions effected in 2015th with the Customers(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

13ad3 activity authorized in the Articles of Association Shareholders’ Meeting

Vinokurov, S.Yu. Romanov, S.A. Saperov are included in ZAO ZEM Board of Management of

RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

230/256-10ad4 ad4 17.03.2015

The Contractor is obliged to conduct work on manufacturing printing products in accordance with job orders for ZAO ZEM RSC Energia shops and departments and hand over the manufactured products to the Customer, the Customer undertakes to pay for the full work’s volume

ZAO ZEM RSC Energia 1 644 849,20 31.12.2015 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members

V.A. Manyuta and A.G. Pyzin are members of ZAO ZEM Board of Management of RSC Energia

25/003-12ad3 ad3 24.02.2015

The Customer instructs while the Contractor ensures passage of railway transport through RSC Energia territory

ZAO ZEM RSC Energia 2 085 807,93 31.12.2015 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated intoBoard of

Management of ZAO ZEMRSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

30/701-14ad2 ad2 10.03.2015

The Lessor provides for temporary possession and puts out on a loan to the Lessee buildings and nonresidential premises with a total area of 25 042,7 m2, located on RSC Energia premises

ZAO ZEM RSC Energia -504 240,00 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

30/701-14ad3 ad3 03.04.2015

The Lessor provides for temporary possession and puts out on a loan to the Lessee buildings and nonresidential premises with a total area of 25 042,7 m2, located on RSC Energia premises

ZAO ZEM RSC Energia -21 450,00 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

30/701-14ad4 ad4 03.04.2015

The Lessor provides for temporary possession and putting out on loan to the Lessee buildings and nonresidential premises with a total area of 25 042,7 m2, located on RSC Energia premises

ZAO ZEM RSC Energia 4 552 783,30 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

30/701-14ad5 ad5 18.08.2015

The Lessor provides for temporary possession and putting out on loan to the Lessee buildings and nonresidential premises with a total area of 25 042,7 m2, located on RSC Energia premises

ZAO ZEM RSC Energia 130 518 669,96 unlimited 27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

32/052-2015 16.07.2015 Services on conducting tests of (KVI) valves from the lots according to porgram’s sections

ZAO ZEM RSC Energia 727 038,12 30.09.2015 12.07.2014 General Shareholders’

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

192

Interested – party transactions effected in 2015th with the Customers(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

Meeting

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

37/023-2015 08.07.2015 Design supervision of manufacture of bottles ZAO ZEM RSC Energia 549 290,00 20.08.2015 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

5-16/01Сad8 ad8 26.02.2015

1. "Provider", within the limits stipulated by this Contract and Attachments to it, provides for "Abonent" local telephone communication services in accordance with the terms provided for in the RF Ministry of Communication License №89313 01.10.2011 for conducting communication activity on the Russian Federation premises.1. "Abonent" is obliged to pay for the stated services, in accordance with approved in established by the Russian Federation legislation order "Tariffs for local telephone communication services, provided by RSC Energia to organizations and enterprises"

ZAO ZEM RSC Energia 17 336 120,82 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

75/246-13ad1 ad1 14.05.2015

The Lessor puts out on a loan to the Lessee part of the building, with a total area of 977,3 m2 in the production building

ZAO ZEM RSC Energia 4 153 525,04 31.08.2018 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC Energia

87/8У-12ad3 ad3 13.05.2015

Contractor renders services on organizing recreation according to the Schedule of stay for the children of Customer’s employees in Contractor’s health-improvement camps

ZAO ZEM RSC Energia 0,00 unlimited 12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into ZAO ZEM Board

of Management of RSC Energia;Corporation Board of Management members V.A. Manyuta and A.G. Pyzin are included in

ZAO ZEM Board of Management of RSC EnergiaTOTAL: 564 211 435,89115/10Ц-

201401.04.2015 Contractor renders services on carrying out quality

control of scientific and research and research and development works on compliance with requirements of quality management system, applied at RSC Energia while developing space-rocket (RKT) articles for assuring fulfillment of Customer’s tasks on developing and manufacturing space hardware assemblies and constructions, participating in fulfillment of articles’

OAO Consortium Kosmicheskaya Regata

90 721,29 31.12.2015 27.02.2015 Board of Directors

The Corporation Board of Management member V.E. Osmolovskiy is OAO Consortium

Kosmicheskaya Regata Board of Directors Chairman

193

Interested – party transactions effected in 2015th with the Customers(RSC Energia as the Contractor), approved by the Corporation managerial body

Contract No

Additional

Agreement (ad)

No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

experiments and tests which result from Customer’s work on stated kinds of activity

78/003-07ad8 ad8 07.09.2015

Contractor renders services related to taking security measures concerning intracompany routine to ensure Customer’s activity on RSC Energia premises

OAO Consortium Kosmicheskaya Regata 45 000,00 31.12.2015 27.02.2015 Board of

Directors

The Corporation Board of Management member V.E. Osmolovskiy is OAO Consortium

Kosmicheskaya Regata Board of Directors Chairman

82-701/2015 28.08.2015

The Lessor puts out on a loan to the Lessee part of nonresidential premise with a total area of 10,7 m2, located on the 3rd floor at the administrative building at address: 141070, the Moscow Region, Korolev, Grabin street, bldg.1a, for activity authorized in the Articles of Association

OAO Consortium Kosmicheskaya Regata 45 762,35 31.12.2015 04.08.2015 Board of

Directors

The Corporation Board of Management member V.E. Osmolovskiy is OAO Consortium

Kosmicheskaya Regata Board of Directors Chairman

TOTAL: 181 483,64

122/10Ц-14 30.04.2015

Contractor is obliged to render services to the Customer on conduction of quality control of design and another documentation, space hardware articles, developed and manufactured by the Customer within the frame of scientific-research and development works

OOO «Energia Satellite Technologies» 90 721,29 01.09.2016 17.12.2014 Board of

Directors

OOO «Energia Satellite Technologies» Board of Directors member V.A. Lopota was the Corporation Board of Directors member;

OOO «Energia Satellite Technologies» Board of Directors member A.V. Vovk was the Corporation

Board of Management member

21-701/2015 28.08.2015

The Lessor puts out on a loan to the Lessee nonresidential premise with a total area of 36,9 m2 at address: Moscow Region, Korolev, Grabin street, bldg.1a for activity authorized in the Articles of Association

OOO Energia Satellite Technologies 315 894,75 30.12.2015 04.08.2015 Board of

Directors

The President of the Corporation V.L. Solntsev, the Corporation Board of Management member

I.V. Frolov are included in OOO «Energia Satellite Technologies» Board of Directors

TOTAL: 406 616,04

194

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles3

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

1136/118-2876/23-15   13.04.2015

Application of additional symbolics on external surface of assembly protection units of Soyuz-FG integrated launch vehicles, injecting into orbit transport manned spacecraft "Soyuz TMA-16M", "Soyuz TMA-17M", "Soyuz TMA-18M", "Soyuz TMA-19M"

AO RKTs Progress 512 503,40 unlimited 08.04.2015 Board of Directors

The Corporation Board of Directors Chairman I.A. Komarov is the member of Company Board of Directors, the Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

1136/118-2876/23-15

ad 1ad 1 13.04.2015

Application of additional symbolics on external surface of assembly protection units of Soyuz-FG integrated launch vehicles, injecting into orbit transport manned spacecrafts "Soyuz TMA-16M", "Soyuz TMA-17M", "Soyuz TMA-18M", "Soyuz TMA-19M"

AO RKTs Progress 0,00 unlimited 08.04.2015 Board of Directors

The Corporation Board of Directors Chairman I.A. Komarov is the member of Company Board of Directors , the Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member

27/БФ-2015 ad 1 ad 1 21.07.2015

DW component “ Participation in fulfillment of works on leak check of TMV Soyuz TMA compartments and systems”

AO RKTs Progress -38 757,00 30.06.2015 24.06.2015 Board of Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

28/БФ-2015 ad 1 ad 1 14.04.2015 Approved PR with additional agreement №1 AO RKTs Progress 42 284,00   27.07.2015

General Shareholders’

Meeting

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

TOTAL:       516 030,40      

020/8/13 ad1 ad 1 25.05.2015The international legal protection of frequency assignments of satellite networks which are the part of the ISS

AO Russian Space Systems 0,00 unlimited 23.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

3 In the column «Size of transaction» the signs «-» and «+»in front of the amount mean that when concluding additional agreement to the Contract the Contract price accordingly decreased or increased by stated amount (in connection with change of the works’ volume).Zeros in the column «Size of transaction» mean that the concluded additional agreement had no concern with the Contract price (postponement of the dates for contract performance milestones, changes in the text, etc.)The amount without sign in the column «Size of transaction» means that the Contract amount didn’t change (tentative price conversion into fixed price without change, etc).

195

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

020/8/13 ad2 ad 2 11.06.2015The international legal protection of frequency assignments of satellite networks which are the part of the ISS

AO Russian Space Systems 132 670,00 unlimited 01.06.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

024/85-2014   02.03.2015 DW component “Participation in integrated tests of “Kvant-V”

AO Russian Space Systems 1 466 190,00 unlimited 25.02.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

024/85-2014ad1 ad 1 18.01.2016 DW component “Participation in integrated tests of

“Kvant-V”AO Russian Space

Systems 59 630,00 unlimited 27.06.2015General

Shareholders’ Meeting

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors

member.In accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

024/86-2014   11.03.2015 DW component “Participation in integrated tests of “Kvant-V” system”

AO Russian Space Systems 1 526 290,00 21.01.2015 25.02.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

07-25/2014   12.05.2015 Participation in works on the General Designers Review’s data exchange check

AO Russian Space Systems 3 435 530,00 unlimited 23.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

07-25/2014ad1 ad 1 22.10.2015 Participation in works on the General Designers

Review’s data exchange check AO Russian Space

Systems 64 470,00 unlimited 23.04.2015 Board of Directors

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors memberIn accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

07-5/2015   05.06.2015 DW component "data automated exchange system " AO Russian Space Systems 14 355 010,00 unlimited 01.06.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors member, The Corporation Board of Directors

member M.V. Petrov is the Company Board of Directors member

196

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

07-5/2015ad1 ad 1 25.12.2015 DW component "data automated exchange system " AO Russian Space Systems 2 741 180,00 unlimited 01.06.2015 Board of

Directors

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors memberin accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

1644/428 ad10 ad 10 08.07.2015 DW component "Manufacture of ten kits of MBITS-

TKM system (prototypes)"AO Russian Space

Systems 3 100 000,00 unlimited 27.06.2015General

Shareholders’ Meeting

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, The Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member;in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

1644/428 ad11 ad 11 08.07.2015 DW component "Manufacture of ten kits of MBITS-

ТКM system (prototypes)"AO Russian Space

Systems 3 100 000,00 unlimited 27.06.2015General

Shareholders’ Meeting

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, The Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member;in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

1644/428 ad12 ad 12 21.12.2015 DW component "Manufacture of ten kits of MBITS-

ТКM system (prototypes)"AO Russian Space

Systems 3 100 000,00 unlimited 27.06.2015General

Shareholders’ Meeting

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors

member;in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

1644/428 ad6 ad 6 05.05.2015 DW component "Manufacture of ten kits of MBITS-ТКM system (prototypes)"

AO Russian Space Systems 1 536 760,00 unlimited 08.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of

Directors member, the Corporation Board of Directors member M.V. Petrov is the Company

Board of Directors member

1644/428 ad7 ad 7 08.07.2015 DW component "Manufacture of ten kits of MBITS-ТКМ system (prototypes)"

AO Russian Space Systems 32 045 540,00 unlimited 27.06.2015

General Shareholders’

Meeting

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, the Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member;in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

197

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

1644/428 ad8 ad 8 07.07.2015 DW component "Manufacture of ten kits of MBITS-ТКМ system (prototypes)"

AO Russian Space Systems 2 204 030,00 unlimited 08.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, the Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member;in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

17/89-2014   08.06.2015 Participation in flight tests of Regul OC system AO Russian Space Systems 1 382 050,00 30.01.2015 23.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, the Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member

17/93-2015   13.10.2015 DW component "Taking part in tests of the system "Kvant-V"

AO Russian Space Systems 4 984 100,00 unlimited 27.06.2015

General Shareholders’

Meeting

The Corporation Board of Directors member M.V. Petrov is the Company Board of Directors

member.In accordance with provisions p.1 of Article 81

of Federal Law «On Joint-Stock Companies»

22/3-15   03.06.2015 DW component “Preparation of US ground control complex”

AO Russian Space Systems 2 000 000,00 30.09.2015 19.05.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, the Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member

22/6-15   20.04.2015 Building of ground control complex (relative to works in 2014-2015.)

AO Russian Space Systems 21 776 340,00 unlimited 10.04.2015 Board of

Directors

The Corporation Board of Directors Chairman I.A. Komarov is the Company Board of Directors

member, the Corporation Board of Directors member M.V. Petrov is the Company Board of

Directors member

TOTAL:       99 009 790,00      

23   07.07.2015 Procurement of property AO Teplo RSC Energia 258 641 978,06 30.03.2016 15.06.2015 Board of

DirectorsIn accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

TOTAL:       258 641 978,06      

02/14   13.01.2015 Work on CO2 fire extinguishers’ check and charge (OY-2, OY-5) as necessary

ZAO ZEM RSC Energia 680 870,00 31.12.2015 12.07.2014

General Shareholders’

Meeting

The Corporation Board of Directors member A.A. Kuznetsov is incorporated into Board of

Management of ZAO ZEM RSC Energia

198

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

35/14ad1 ad1 02.02.2015 Work on DAC manufacture ZAO ZEM RSC Energia 0,00 31.12.2018 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

35/14ad2 ad2 05.02.2015 Work on DAC manufacture ZAO ZEM RSC Energia -4 239 728,20 31.12.2018 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

35/14ad3 ad3 19.10.2015 Work on DAC manufacture ZAO ZEM RSC Energia 234 324 258,40 31.12.2018 27.07.2015

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

375/Пad53 ad 53 23.06.2015 Development Work ZAO ZEM RSC Energia -376 932,00 unlimited 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

375/Пad54 ad 54 15.06.2015 Development Work ZAO ZEM RSC Energia 0,00 unlimited 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

375/Пad55 ad 55 27.08.2015 Development Work ZAO ZEM RSC Energia 118 947,42 unlimited 27.07.2015

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

199

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

375/Пad56 ad 56 11.08.2015 Development Work ZAO ZEM RSC Energia 0,00 unlimited 27.07.2015

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

375/Пad57 ad 57 01.09.2015 Development Work ZAO ZEM RSC Energia 0,00 unlimited 27.07.2015

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

399/П ad21 ad 21 17.03.2015 Manufacturing hardware for core module’s assembly ZAO ZEM RSC Energia 0,00 unlimited 29.12.2007 Board of

Directors

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

483/П ad25 ad25 17.04.2015 Work on manufacture of LSS elements ZAO ZEM RSC Energia 2 640 196,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

483/П ad26 ad26 18.05.2015 Work on manufacture of LSS elements ZAO ZEM RSC Energia 33 312,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are ZAO ZEM RSC Energia Board of Management

members

483/П ad27 ad27 07.09.2015 Work on manufacture of LSS elements ZAO ZEM RSC Energia 8 848 810,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

200

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

483/П ad28 ad28 13.10.2015 Work on manufacture of LSS elements ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

575/П ad 4 ad4 17.12.2015 Manufacture and test of the Upper Stage ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

575/П ad 6 ad 6 04.06.2015 Manufacture and test of the Upper Stage ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

575/П ad 7 ad7 28.10.2015 Manufacture and test of the Upper Stage ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

575/П ad 8 ad8 16.12.2015 Manufacture and test of the Upper Stage ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

607/П ad17 ad17 26.02.2015 Work on upgrading article ZAO ZEM RSC Energia 70 176 218,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are members of ZAO ZEM RSC Energia Board of

Management

201

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

607/П ad18 ad18 12.08.2015 Work on upgrading article ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

608/П ad14 ad14 26.02.2015 Work on upgrading article ZAO ZEM RSC Energia 25 222 361,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are members of ZAO ZEM RSC Energia Board of

Management

640/П ad5 ad5 17.12.2015Transport cargo vehicle Progress-M manufacture, assembly, testing on CTF, transportation and acceptance on TC

ZAO ZEM RSC Energia -1 421 600,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

641/П ad4 ad 4 09.12.2015Transport cargo vehicle Progress-M manufacture, assembly, testing on CTF, transportation and acceptance on TC

ZAO ZEM RSC Energia -8 558 441,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

686/П ad5 ad5 12.08.2015Transport manned vehicle Soyuz TMA manufacture, assembly, testing on CTF, transportation and acceptance on TC

ZAO ZEM RSC Energia -1 612 700,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

686/П ad6 ad6 09.12.2015Transport manned vehicle Soyuz TMA manufacture, assembly, testing on CTF, transportation and acceptance on TC

ZAO ZEM RSC Energia -474 193,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

688/П ad 1 ad 1 13.03.2015Contractor is obliged to manufacture and hand over to the Customer completely manufactured and tested the Upper Stage

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

06.07.2013General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are members of ZAO ZEM RSC Energia Board of

Management

202

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

689/П ad 1 ad 1 13.03.2015Contractor is obliged to manufacture and hand over to Customer completely manufactured and tested the Upper Stage

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

06.07.2013General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are members of ZAO ZEM RSC Energia Board of

Management

692/П ad 4 ad4 09.12.2015 Vehicle Progress-M manufacture and compartments assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia -5 767 752,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

693/П ad 4 ad4 26.06.2015 Vehicle Progress-М manufacture and compartments assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia -31 073 900,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

693/П ad 5 ad5 09.12.2015 Vehicle Progress-М manufacture and compartments assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 3 042 680,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

695/П ad 5 ad5 27.05.2015 Soyuz TMA manned vehicle manufacture, assembly, testing on CTF, transportation to TC

ZAO ZEM RSC Energia -106 779 400,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

695/П ad 6 ad6 12.08.2015 Soyuz TMA manned vehicle manufacture, assembly, testing on CTF, transportation to TC

ZAO ZEM RSC Energia -3 362 000,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

695/П ad 7 ad7 09.12.2015 Soyuz TMA manned vehicle manufacture, assembly, testing on CTF, transportation to TC

ZAO ZEM RSC Energia 4 069 544,00

until the Parties have met their

commitments in full

27.12.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

203

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

696/П ad 2 ad2 24.02.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are ZAO ZEM RSC Energia Board of Management

members

696/П ad 3 ad3 14.05.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

696/П ad 4 ad4 27.05.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia -25 659 800,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

696/П ad 5 ad5 12.08.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia -1 606 400,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

697/П ad 1 ad 1 24.02.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are ZAO ZEM RSC Energia Board of Management

members

697/П ad 2 ad 2 14.05.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

697/П ad 3 ad 3 30.07.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

204

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

697/П ad 4 ad 4 26.08.2015 Soyuz TMA vehicle manufacture, assembly, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

728/П ad 6 ad6 30.06.2015 DW component on manufacture of articles and component parts for articles

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

728/П ad 7 ad7 15.10.2015 DW component on manufacture of articles and component parts for articles

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

729/П ad 6 ad6 25.05.2015 Work on purchasing long-lead time elements for International docking adapter

ZAO ZEM RSC Energia 4 059 496,14

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

729/П ad 7 ad7 04.09.2015 Work on purchasing long-lead time elements for International docking adapter

ZAO ZEM RSC Energia 2 551 682,74

until the Parties have met their

commitments in full

27.06.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

729/П ad 8 ad8 04.12.2015 Work on purchasing long-lead time elements for International docking adapter

ZAO ZEM RSC Energia 5 376 917,80

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

205

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

735/П   09.02.2015 Work on SC manufacture ZAO ZEM RSC Energia 499 686 940,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

735/П ad 2 ad2 22.06.2015 Work on SC manufacture ZAO ZEM RSC Energia 26 140 489,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

735/П ad 3 ad3 18.11.2015 Work on SC manufacture ZAO ZEM RSC Energia 8 447 420,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

735/П ad 4 ad4 30.06.2015 Work on SC manufacture ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

738/П ad3 ad3 02.04.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

738/П ad4 ad4 30.07.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

206

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

738/П ad5 ad5 09.12.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

739/П ad3 ad3 02.04.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

739/П ad4 ad4 30.07.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

739/П ad5 ad5 09.12.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

740/П ad3 ad3 02.04.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

740/П ad4 ad4 12.10.2015

Manufacture, assembly, testing on CTF, transportation and acceptance, prelaunch processing and participation in ILV launch, manufacture and delivery of the equipment to be shipped for transport cargo vehicle Progress-MS"

ZAO ZEM RSC Energia -85 531 200,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

741/П ad4 ad4 02.04.2015

Transport cargo vehicle Progress-MС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Progress-МС prelaunch processing and participation in ILV launch, vehicle Progress-МС manufacture and delivery of the equipment to be shipped

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

207

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

741/П ad5 ad5 28.09.2015

Transport cargo vehicle Progress-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Progress-МС prelaunch processing and participation in ILV launch, vehicle Progress-МС manufacture and delivery of the equipment to be shipped

ZAO ZEM RSC Energia -84 602 400,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

741/П ad6 ad6 30.09.2015

Transport cargo vehicle Progress-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Progress-МС prelaunch processing and participation in ILV launch, vehicle Progress-МС manufacture and delivery of the equipment to be shipped

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

742/П ad4 ad4 02.04.2015 Progress-МС transport cargo vehicle manufacture, assembly, testing on CTF, transportation and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

742/П ad5 ad5 28.09.2015 Progress-МС transport cargo vehicle manufacture, assembly, testing on CTF, transportation and acceptance

ZAO ZEM RSC Energia -35 804 100,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

742/П ad6 ad6 30.09.2015 Progress-МС transport cargo vehicle manufacture, assembly, testing on CTF, transportation and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

743/П ad1 ad 1 02.10.2015

Vehicle Progress-МС compartments manufacture and assembly, integration, testing on CTF-416 and acceptance, vehicle Progress-МС prelaunch processing and participation in ILV launch, vehicle Progress-МС manufacture and delivery of the equipment to be shipped

ZAO ZEM RSC Energia -35 793 200,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

208

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

743/П ad2 ad 2 24.12.2015

Vehicle Progress-МС compartments manufacture and assembly, integration, testing on CTF-416 and acceptance, vehicle Progress-МС prelaunch processing and participation in ILV launch, vehicle Progress-МС manufacture and delivery of the equipment to be shipped

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

744/П ad1 ad 1 02.10.2015DW Component: vehicle Progress-МС compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia -12 629 400,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

744/П ad2 ad 2 24.12.2015DW component: vehicle Progress-МС compartments manufacture and assembly, integration , testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

745/П ad 1 ad 1 02.10.2015 Vehicle Progress-МС compartments manufacture and assembly, integration , testing on CTF and acceptance

ZAO ZEM RSC Energia -10 629 500,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

746/П ad 1 ad 1 02.10.2015DW component: vehicle Progress-МС compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia -12 692 400,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

747/П   30.12.2015

Vehicle Progress-МС manufacture and assembly, integration, testing on CTF and acceptance, manufacture and delivery of the equipment to be shipped, vehicle Progress-МС prelaunch processing and participation in ILV launch

ZAO ZEM RSC Energia 1 649 908 800,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

209

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

748/П   30.12.2015

Vehicle Progress-МС compartments manufacture and assembly, integration, testing on CTF and acceptance, manufacture and delivery of the equipment to be shipped, vehicle Progress-МС prelaunch processing and participation in ILV launch

ZAO ZEM RSC Energia

1 671 281 400,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

749/П ad4 ad4 22.04.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

749/П ad5 ad5 26.08.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

749/П ad6 ad6 02.10.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia -123 347 400,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

749/П ad7 ad7 09.12.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 Of

Federal Law «On Joint-Stock Companies»

750/П ad3 ad3 02.04.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

210

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

750/П ad4 ad4 26.08.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

750/П ad5 ad5 02.10.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia -82 024 300,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

751/П ad3 ad3 30.03.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia -21 555 400,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

751/П ad4 ad4 26.08.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

751/П ad5 ad5 02.10.2015

Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance, vehicle Soyuz-МС prelaunch processing and participation in ILV launch, vehicle Soyuz-МС crews outfitting with personal equipment and hardware delivery on TC

ZAO ZEM RSC Energia -61 300 200,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

211

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

752/П ad4 ad4 02.04.2015 Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

752/П ad5 ad5 28.09.2015 Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance

ZAO ZEM RSC Energia -36 762 600,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

752/П ad6 ad6 30.09.2015 Transport manned vehicle Soyuz-МС manufacture, assembly, testing on CTF, transportation and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

753/П ad 1 ad 1 02.04.2015 Vehicle Soyuz-МС compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

753/П ad 2 ad 2 02.10.2015 Vehicle Soyuz-МС compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia -24 511 800,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of

753/П ad 3 ad 3 24.12.2015 Vehicle Soyuz-МС compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 Of

Federal Law «On Joint-Stock Companies»

754/П ad1 ad 1 02.10.2015 Vehicle Soyuz-МС compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia -35 623 300,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

212

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

767/П ad8 ad8 07.05.2015 Work in support of transport vehicles Progress M and Soyuz TMA systems modernization

ZAO ZEM RSC Energia 23 640 202,00

until the Parties have met their

commitments in full

06.07.2013General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are included in ZAO ZEM Board of Management

members of RSC Energia

778/П ad3 ad 3 20.04.2015Work on carriage of rail transporter with service adapter and escort van to FSUE Krasmashzavod following transportation of core module for articles

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

780/П ad6 ad6 15.06.2015 Work on building additional work station to test TMV Soyuz МС on CTF-416

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

781/П ad5 ad5 15.06.2015Work on manufacture and providing of delivery (transportation) RE, CTE complete sets for additional work station to test Soyuz TMA (Soyuz МС) on TC

ZAO ZEM RSC Energia -5 035 898,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

782/П ad2 ad 2 02.03.2015 Manufacture of additional equipment for WS on vehicles Soyuz, Progress TC

ZAO ZEM RSC Energia 11 435 332,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

784/П ad3 ad 3 16.05.2015 Manufacture of hardware to test scale model of transformable module

ZAO ZEM RSC Energia 1 165 840,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

784/П ad4 ad 4 22.09.2015 Manufacture of hardware to test scale model of transformable module

ZAO ZEM RSC Energia -356 369,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

784/П ad5 ad 5 22.09.2015 Manufacture of hardware to test scale model of transformable module

ZAO ZEM RSC Energia 0,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

213

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

787/П ad4 ad 4 19.02.2015 Work in support of launching spacecraft "Ekspress-AM8"

ZAO ZEM RSC Energia -381 520,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

807/П ad 2 ad2 27.11.2015 DW component: Upgrading CTF-416Ts work stations and TC site 254 to test vehicles of "MS" series

ZAO ZEM RSC Energia 0,00 31.12.2016 27.07.2015

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

808/П ad5 ad5 05.05.2015 Carrying out maintenance operations on articles ZAO ZEM RSC Energia 12 990 588,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

808/П ad6 ad6 31.07.2015 Carrying out maintenance operations on articles ZAO ZEM RSC Energia -2 700 000,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

814/П ad 2 ad2 12.08.2015Manufacture of prototype and nominal devices BIUS, autonomous and flight development testing of BIUS device

ZAO ZEM RSC Energia 0,00 31.12.2016 27.07.2015

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

816/П ad 2 ad2 25.02.2015 Manufacture of MTV layout mockup ZAO ZEM RSC Energia 36 077 911,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

816/П ad 3 ad3 07.05.2015 Manufacture of MTV layout mockup ZAO ZEM RSC Energia 67 310 664,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

214

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

816/П ad 4 ad4 19.08.2015 Manufacture of MTV layout mockup ZAO ZEM RSC Energia 13 832 905,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

822/П ad 2 ad2 11.06.2015

Manufacture of prototypes and experimental tanks for developing methods of nondestructive inspection of welding joints, made by friction bonding with stirring method

ZAO ZEM RSC Energia -2 241 392,30

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

822/П ad 3 ad3 30.06.2015

Manufacture of prototypes and experimental tanks for developing methods of nondestructive inspection of welding joints, made by friction bonding with stirring method

ZAO ZEM RSC Energia 2 770 558,58

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

825/П ad3 ad3 03.07.2015

DW "Manufacture RE, CTE WS of TMV Soyuz and TCV Progress assembly and testing on CTF and on TC instead of not subject to repair and to extension of guarantee periods"

ZAO ZEM RSC Energia -17 614 881,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

829/П ad 1 ad 1 24.06.2015 Implementation of automated control systems ACS-SCU ZAO ZEM RSC Energia 0,00 unlimited 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

215

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

832/П   13.05.2015 Manufacture of bottles ZAO ZEM RSC Energia 60 020 628,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

833/П   16.06.2015 Manufacture of bellows tanks ZAO ZEM RSC Energia 240 827 370,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

834/П ad 1 ad1 29.09.2015DW component “Manufacture and development testing of docking system prototypes (in terms of the activities of 2014-2015)”

ZAO ZEM RSC Energia 3 622 143,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

836/П   28.05.2015Work within the frame of DW component “Manufacturing adjacent systems’ equivalents for the complete set of newly-formed complex stand”

ZAO ZEM RSC Energia 17 611 470,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

836/П ad 1 ad1 24.12.2015Work within the frame of DW component "Manufacturing adjacent systems’ equivalents for the comlete sets of newly-formed complex stand”

ZAO ZEM RSC Energia -2 374 700,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions of p.1 of Article 81

of Federal Law «On Joint-Stock Companies»

837/П   30.06.2015 Production of devices, units and assemblies ZAO ZEM RSC Energia 423 364 831,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

216

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

840/П   16.01.2015 Work on manufacturing kits for AU assembly ZAO ZEM RSC Energia 1 551 296,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

The Corporation Board of Directors member A.A. Kuznetsov is ZAO ZEM RSC Energia Board of

Management member

840/П ad 3 ad3 16.12.2015 Work on manufacturing kits for AU assembly ZAO ZEM RSC Energia -56 296,00

until the Parties have met their

commitments in full

28.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

841/П   17.07.2015 Manufacturing prototypes of component parts of software

ZAO ZEM RSC Energia 12 151 739,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

844/П   13.07.2015DW Component "Manufacture of prototypes, models and elements of constructions from heat-insulation and thermal protective materials"

ZAO ZEM RSC Energia 4 983 991,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

845/П   30.12.2015 Soyuz-МS vehicle compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 2 079 762 200,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

847/П   30.12.2015 Soyuz-МS vehicle compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 2 106 776 200,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

848/П   30.12.2015 Vehicle Progress-МS compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 1 690 679 100,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

217

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

849/П   30.12.2015 Vehicle Progress-МS compartments manufacture and assembly, integration, testing on CTF and acceptance

ZAO ZEM RSC Energia 1 662 053 900,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

851/П   05.05.2015 Work as a security of NEO RB ZAO ZEM RSC Energia 58 904 120,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

851/П ad 2 ad2 10.12.2015 Work as a security of NEO RB ZAO ZEM RSC Energia -17 202 450,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 Of

Federal Law «On Joint-Stock Companies»

852/П   26.03.2015 Work on manufacture of scientific equipment "ТС530-Zerkalo"

ZAO ZEM RSC Energia 3 452 412,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

859/П   28.05.2015 Work on providing for the technical experiment "Otrajenie-6" on article TCV "Progress М"

ZAO ZEM RSC Energia 3 506 402,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

860/П   06.04.2015

Delivery (including order for production or re-evaluation) of personal equipment for American astronauts, crew members (prime and backup crews) of Soyuz TMA vehicles

ZAO ZEM RSC Energia 73 000 000,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

863/П   30.07.2015 Work on subject: "preparation for shipment and the Upper Stage transportation with adapter"

ZAO ZEM RSC Energia 2 361 329,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

218

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

864/П   30.07.2015 Work on preparing the Upper Stage for SC "Ekspress-AM8" launch

ZAO ZEM RSC Energia 3 499 746,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

865/П   10.04.2015 Manufacture and delivery of accessory (fixtures) for bond joints.

ZAO ZEM RSC Energia 960 469,26

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

866/П   01.04.2015 BM unloading and incoming inspection ZAO ZEM RSC Energia 2 989 589,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia

868/П   17.07.2015Work on subject: DW component "Manufacture of reactors of catalytic packets (CP), fixtures and accessory"

ZAO ZEM RSC Energia 2 590 177,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

869/П   09.09.2015 Manufacture and acceptance of bottles ZAO ZEM RSC Energia 9 936 164,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

870/П   27.07.2015 Work on designing and manufacturing technological outfitting equipment

ZAO ZEM RSC Energia 4 808 858,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

219

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

871/П   18.12.2015Work on subject: (DW Component) "The Upper Stage manufacture and transportation for carrying out complex flight tests"

ZAO ZEM RSC Energia 835 619 300,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

872/П   30.06.2015 Work on KRS «Kvant-VD» annual maintenance performance

ZAO ZEM RSC Energia 1 803 571,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

873/П   07.07.2015DW related to updating and lettering of technological documentation based on the results of electomechanical hand’s prototypes tests

ZAO ZEM RSC Energia 2 800 000,00 30.12.2015 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

876/П   18.12.2015

DW "Manufacturing kit of thermal rate supporting means and kits of monitoring and checkout equipment of thermal rate supporting means in frames of "Persey-KV" project

ZAO ZEM RSC Energia 17 644 695,22

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

877/П   18.12.2015Work on "Preparation for shipment and transportation of kits to cosmodrome "Plesetsk" in frames of "Persey-KV" project

ZAO ZEM RSC Energia 6 805 178,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

879/П   07.07.2015 Work on equipment manufacture for carrying out static and vibration strength tests

ZAO ZEM RSC Energia 3 008 290,00

until the Parties have met their

commitments in full

12.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

220

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

879/П ad 1 ad 1 22.10.2015 Work on equipment manufacture for carrying out static and vibration strength tests

ZAO ZEM RSC Energia -62 028,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

882/П   11.09.2015Work on providing Republic of Kazakhstan cosmonaut A. Aimbetov with personal equipment and food containers (as per List №1)

ZAO ZEM RSC Energia 3 453 817,00 31.12.2015 12.07.2014

General Shareholders’

Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

883/П ad 6 ad6 27.03.2015 ISS-Operation-1 ZAO ZEM RSC Energia 158 190 241,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov С. are included in ZAO ZEM Board of Management of

RSC Energia

883/П ad 7 ad7 25.06.2015 ISS-Operation-1 ZAO ZEM RSC Energia 113 858 716,00

until the Parties have met their

commitments in full

12.07.2014General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

883/П ad 8 ad8 24.08.2015 ISS-Operation-1 ZAO ZEM RSC Energia 45 445 169,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

883/П ad 8 ad8 30.10.2015 ISS-Operation -1 ZAO ZEM RSC Energia -353 933 490,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

in accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

221

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

889/П   01.10.2015 DW on organizing electromechanical hand serial production

ZAO ZEM RSC Energia 5 676 838,00

until the Parties have met their

commitments in full

08.01.1900 Board of Directors

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov, S.A. Saperov are

included in ZAO ZEM Board of Management of RSC Energia;

In accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

904/П   30.12.2015 Upgrading scale model by the approved TS, Schedules ZAO ZEM RSC Energia 40 000 000,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

905/П   30.12.2015 Building, ensuring launch and testing experimental facility for modified systems development testing

ZAO ZEM RSC Energia 629 823 000,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

906/П   30.12.2015 Outfitting of vehicle Soyuz-МS with personal equipment, vehicle Soyuz-МS prelaunch processing

ZAO ZEM RSC Energia 77 666 600,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 Of

Federal Law «On Joint-Stock Companies»

909/П   30.12.2015 Outfitting vehicle Soyuz-МS with personal equipment ZAO ZEM RSC Energia 27 065 500,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

910/П   30.12.2015 Outfitting vehicle Soyuz-МS with personal equipment ZAO ZEM RSC Energia 54 130 900,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

914/П   30.12.2015 Manufacture and delivery of the equipment to be shipped for vehicle "Progress-МS"

ZAO ZEM RSC Energia 89 301 800,00

until the Parties have met their

commitments in full

27.07.2015General

Shareholders’ Meeting

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

TOTAL:       13 703 912 202,06      

222

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

1001/14   30.06.2015 Personal equipment for operator Sara Brightman OAO NPP Zvezda 7 784 984,00 unlimited 27.06.2015General

Shareholders’ Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

1002/14   30.06.2015 Personal equipment for operator Satoshi Takamatsu OAO NPP Zvezda 7 784 984,00 unlimited 27.06.2015General

Shareholders’ Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

12/15ad1 ad 1 06.07.2015 DW component "Providing work on articles’ preparation" OAO NPP Zvezda -799 669,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

12/15ad2 ad 2 06.07.2015 DW component "Providing work on articles’ preparation" OAO NPP Zvezda -312 556,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

12/15ad4 ad 4 06.07.2015 DW component "Providing work on articles’ preparation" OAO NPP Zvezda -117 536,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

34/15   07.09.2015 Personal equipment for operators A.A.Aimbetov and S.V. Prokopiev" OAO NPP Zvezda 7 973 104,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

885/13ad1 ad 1 30.10.2015 DW component "Building two spacesuits "Orlan-MK-GN" for Hydrolab" OAO NPP Zvezda -25 000 000,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

929/14ad2 ad 2 30.10.2015

Maintaining at demanded tactical technical level the parameters of spacesuits "Orlan-MK", "Sokol KV-2", "Orlan-M (MK)-GN" during fulfillment of the trainings in pressure complex of OAO SPE Zvezda enterprise and in Hydrolab of FSBI scientific research instititute CTC named after Yu.A. Gagarin

OAO NPP Zvezda 0,00 unlimited 27.06.2015General

Shareholders’ Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

929/14ad3 ad 3 10.11.2015

Maintaining at demanded tactical technical level the parameters of spacesuits "Orlan-MK", "Sokol KV-2", "Orlan-M (MK)-GN" during fulfillment of the trainings in pressure complex of OAO SPE Zvezda enterprise and in Hydrolab of FSBI scientific research instititute CTC named after Yu.A. Gagarin

OAO NPP Zvezda -15 000 000,00 unlimited 27.06.2015General

Shareholders’ Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

223

Interested – party transactions effected in 2015 with the Contractors(RSC Energia as the Customer), approved by Corporation managerial body

Contract No

Addition

al Agreement No

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations

performance under transaction

(Contract completion date)

Date of transaction approval

Body deciding on approval

Interest justificationsas from the date of effecting transaction

972/14ad1 ad 1 06.07.2015 DW component "Building assemblies’ kits as part of ACS (with regard to works for the period 2014-2015)" OAO NPP Zvezda -4 000 000,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

972/14ad2 ad 2 01.12.2015 DWcomponent "Building assemblies’ kits as part of ACS (with regard to works for the period 2014-2015)" OAO NPP Zvezda 209 545,83 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

976/14ad1 ad 1 02.07.2015DW component "Building individual protective equipment (with regard to works for the period 2014-2015)"

OAO NPP Zvezda 0,00 unlimited 27.06.2015General

Shareholders’ Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

977/14   10.10.2014 DW component "Building personal survival kit (with regard to works for the period 2014-2015)" OAO NPP Zvezda 2 500 000,00 unlimited 27.06.2015

General Shareholders’

Meeting

Corporation Board of Management member S.Yu. Romanov is the Company Board of Directors

member

TOTAL: -18 977 143,17

224

Interested – party transactions effected in 2015 with the Customers (RSC Energia as the Contractor), not approved by Corporation managerial body

The Corporation Board of Directors doesn’t consider transactions, actual execution of which has been started before the signature of contract or additional agrreement, in accordance with the position of the Corporation Board of Directors members from OAO URSC, approved at the Corporation Board of Directors’ meeting dated November 10, 2015 (minutes of meeting № 6).

Contract NoDate of the

contract

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount, add/agr) rubles4

Term of obligations performance under

transaction (Contract completion date)

Interest justificationsas from the date of effecting transaction

104-701/2015 18.12.2015 25.12.2015

The Lessor puts out on a loan to the Lessee the following special-purpose transport without rendering services for its supervision and operation: the passenger self-propelled ramp; diesel-generator being towed; aircraft haulage truck; vehicle for cesspool processing of aircraft; 2,5 ton truck loader; road combined machine; tank trailer, for activity authorized in the Articles of Association

ZAO PO Cosmos 7 720 787,52 unlimited In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

21/246-11 11.01.2011 28.04.2011

The Lessor is obliged to provide to the Lessee for temporary possession and putting out on loan buildings and nonresidential premises with a total area of 8 629,3 m2 and buildings, located on RSC Energia premises

AO Teplo RSC Energia 200 909 044,10 unlimited In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

101/208-14 01.10.2014 21.10.2014 Services on drawing up and supervision of insurance contracts, to be concluded by the Customer with insurance companies AO Teplo RSC Energia 260 245,51 31.12.2015 In accordance with provisions p.1 of Article 81

Of Federal Law «On Joint-Stock Companies»

117/4ДП-14 30.12.2014 31.12.2014Services on providing for ZAO Teplo RSC Energia activity:- providing for economical safety;- documentation provision organization

AO Teplo RSC Energia 1 767 255,10 31.12.2015 In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

125/2У-14 30.12.2014 30.12.2014 Providing career -oriented services AO Teplo RSC Energia 3 176 217,52 31.12.2015 In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

5-56/10-С 01.01.2010 24.02.2010Local telephone communication services in accordance withthe terms of the Russian Federation Ministry of Communication License

AO Teplo RSC Energia 8 706 497,22 31.12.2015 In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

61/246-13 26.04.2013 16.09.2013The Lessor provides for Lessee for temporary possession and puts out on a loan communications, located on RSC Energia premises

AO Teplo RSC Energia 42 056 231,40 31.12.2015 In accordance with provisions p.1 of Article 81 Of Federal Law «On Joint-Stock Companies»

4 In the column «Size of transaction» the signs «-» and «+»in front of the amount mean that when concluding additional agreement to the Contract the Contract price accordingly decreased or increased by stated amount (in connection with change of the works’ volume).Zeros in the column «Size of transaction» mean that the concluded additional agreement had no concern with the Contract price (postponement of the dates for contract performance milestones, changes in the text, etc.)The amount without sign in the column «Size of transaction » means that the Contract amount didn’t change (tentative price conversion into fixed price without change, etc.).

Interested-party transactions, effected in 2015 with the Contractors(RSC Energia as the Customer), not approved by Corporation managerial body

The Corporation Board of Directors doesn’t consider transactions, actual execution of which has been started before signature of the contract or additional agreement, in accordance with the position of the Corporation Board of Directors members from OAO URSC, approved at the Corporation Board of Directors’ meeting dated November 10, 2015 (minutes of meeting № 6).

Contract NoDate of the

contract

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount, add/agr) rubles5

Term of obligations performance under

transaction (Contract

completion date)

Interest justificationsas from the date of effecting transaction

168/БФ-2015 21.07.2015 16.11.2015 DW component: Participation in works’fulfilment concerning leak check of TCV "Progress MS compartments and systems AO RKTs Progress 4 092659,00 31.12.2015

The Corporation Board of Directors chairman I.A. Komarov is the Company Board of Directors

member; The Corporation Board of Directors members M.V.Petrov, P.D. Popov, Yu.V. Vlasov are the

Company Board of Directors members

164/БФ-2015 20.07.2015 16.11.2015DW component: Participation in works’fulfilment concerning leak check of TMV "Soyuz TMA" compartments and systems

AO RKTs Progress 2 608 229,00 17.11.2015

The Corporation Board of Directors chairman I.A. Komarov is the Company Board of Directors

member; The Corporation Board of Directors members M.V.Petrov, P.D. Popov, Yu.V. Vlasov are the

Company Board of Directors members

169/БФ-2015 21.07.2015 30.11.2015DW component: “Participation in works’ fulfilment related to leak check of TMV "Soyuz TMA" compartments and systems”

AO RKTs Progress 3 954 032,00 31.12.2015

The Corporation Board of Directors chairman I.A. Komarov is the Company Board of Directors

member; The Corporation Board of Directors members M.V.Petrov, P.D. Popov, Yu.V. Vlasov are the

Company Board of Directors members

166/БФ-2015 21.07.2015 23.12.2015DW component: “Participation in works’fulfilment concerning leak check of TCV "Progress М" compartments and systems”

AO RKTs Progress 2 674 121,00 30.12.2015

The Corporation Board of Directors chairman I.A. Komarov is the Company Board of Directors

member; The Corporation Board of Directors members M.V.Petrov, P.D. Popov, Yu.V. Vlasov are the

Company Board of Directors members

39 20.07.2015 11.11.2015 Work on connecting devices (analysers) of power quality to TP-304 of AFU (antenna-feeder device) body AO Teplo RSC Energia 196 287,47 31.12.2015 In accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

5 In the column «Size of transaction» the signs «-» and «+»in front of the amount mean that when concluding additional agreement to the Contract the Contract price accordingly decreased or increased by stated amount (in connection with change of the works’ volume).Zeros in the column «Size of transaction» mean that the concluded additional agreement had no concern with the Contract price (postponement of the dates for contract performance milestones, changes in the text, etc.)The amount without sign in the column «Size of transaction» means that the Contract amount didn’t change (tentative price conversion into fixed price without change, etc.).226

Interested-party transactions, effected in 2015 with the Contractors(RSC Energia as the Customer), not approved by Corporation managerial body

The Corporation Board of Directors doesn’t consider transactions, actual execution of which has been started before signature of the contract or additional agreement, in accordance with the position of the Corporation Board of Directors members from OAO URSC, approved at the Corporation Board of Directors’ meeting dated November 10, 2015 (minutes of meeting № 6).

Contract NoDate of the

contract

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Interest justificationsas from the date of effecting transaction

63 20.11.2015 15.12.2015 Repair of hot water systems equipment AO Teplo RSC Energia 4 957 788,75 31.12.2015 In accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

05 16.12.2015 16.12.2015 Round-the-clock maintenance of electric cables of exterior lighting and electrical facilities connected to them AO Teplo RSC Energia 2 210 553,91 31.12.2015 In accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

50 01.07.2015 22.12.2015 Sublease of boiler AO Teplo RSC Energia 15029671,02 31.10.2017 In accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

51 01.07.2015 22.12.2015Sublease of foam extinguishing and water cooling system of reservoirs for fuel oil storage, oil cargo pier, fuel oil pumping station

AO Teplo RSC Energia 20529829,95 31.10.2017 In accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

40 30.12.2015 30.12.2015 Procurement of property AO Teplo RSC Energia 28673004,12 31.12.2015 In accordance with provisions p.1 of Article 81 of Federal Law «On Joint-Stock Companies»

855/П 23.10.2015 23.10.2015Contractor is obliged to fulfill work on manufacturing devices and units for extension of "FGB-1" article’s lifetime till 2020

ZAO ZEM RSC Energia 185145 740,00 30.06.2020

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

901/П 20.11.2015 20.11.2015 Contractor is obliged to manufacture sockets according to technical conditions ZAO ZEM RSC Energia 769 926,40 15.12.2015

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

890/П 25.11.2015 25.11.2015Contractor is obliged to manufacture exhibitional scale model of descent module TMV "Soyuz-TMA" with support for transportation and exhibition

ZAO ZEM RSC Energia 7 342 727,00 30.03.2016

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

227

Interested-party transactions, effected in 2015 with the Contractors(RSC Energia as the Customer), not approved by Corporation managerial body

The Corporation Board of Directors doesn’t consider transactions, actual execution of which has been started before signature of the contract or additional agreement, in accordance with the position of the Corporation Board of Directors members from OAO URSC, approved at the Corporation Board of Directors’ meeting dated November 10, 2015 (minutes of meeting № 6).

Contract NoDate of the

contract

Date of effecting

transaction

Subject of transaction (Statement of Work, Contract Subject)

Shortened firm’s name of legal entity

Size of transaction (contract amount,

add/agr) rubles

Term of obligations performance under

transaction (Contract

completion date)

Interest justificationsas from the date of effecting transaction

891/П 24.12.2015 24.12.2015Manufacturing exhibitional scale model of TMV "Soyuz-TMA-03М" descent vehicle with support for transportation and exhibition

ZAO ZEM RSC Energia 7 342 727,00 31.05.2016

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

880/П 17.11.2015 17.11.2015Work on carriage, mounting/demounting of scale model on stand of the International forum exhibition "Army-2015" and providing for RSC Energia scale model return

ZAO ZEM RSC Energia 878 310,58 31.12.2015

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

881/П 17.11.2015 17.11.2015

Work on subject: "Transportation of articles to "MAKS-2015", cargo-handling operations, installment of articles at demonstrational spot, providing for the demonstration, demounting and transportation to the Corporation

ZAO ZEM RSC Energia 1 496 697,84 31.12.2015

Corporation Board of Management members P.V. Vinokurov, S.Yu. Romanov are included in ZAO

ZEM Board of Management of RSC Energia;in accordance with provisions p.1 of Article 81 of

Federal Law «On Joint-Stock Companies»

694/11 27.06.2011 31.10.2011 DW component: CTE development and manufacture for checks of articles OAO NPP Zvezda 21 700 981,00 31.12.2015

The Corporation Board of Management member S.Yu. Romanov is the Company Board of

Directors member

228

Appendix 8 / Information about economic entities with the Corporation’s stake in their Charter Capital from 2 up to 20%

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRNCorporation’s stake in the legal entity Charter Capital Purpose of the Corporation’s stake

Size of dividends received in the

accounting year by the Corporation, rubles

Limited Liability Company “Energia-Cert”

OOO Energia-Cert 4A Lenin Street, Korolev, Moscow Region, Russia 141070 TIN: 5018138697MSRN: 1095018005631

19.5% Certification of goods and services in the field of space business

No profit, no dividends were paid in the accounting year

Limited Liability Company “Center for Automated Hydraulic Devices”

OOO “Tsentr AGUS” 4A Lenin Street, Korolev, Moscow Region, Russia 141070TIN: 5018014155MSRN: 1035003367222

19% Design work, conducting tests for development of prototypes and production models; performance of repair and adjustment work, manufacture of devices, instruments and equipment; innovative activity

213 531

Corporation “ILS International Launch Services, Inc.”

ILS International Launch Services, Inc.

C-T Corporation, Wilmington, Delaware state, USA

17% (nonvoting Class B shares)

Promotion of the Corporation products and services on the international market. At the present time, due to change in the shareholding structure of the ILS. International Services, impossibility to participate in the Board of Director’s activities of the above company, inefficiency in the Corporation participation in terms of any positive economic, political, social results achieved, the subject at issue is termination of its participation in this Company

Public Corporation "Gazprom Space Systems”

OAO Gazprom Space Systems

77B Moskovskaya Street, Schyolkovo, Moscow Region, 141112TIN: 5018035691MSRN: 1025002045177

16.16% Implementation of Yamal satellite communication development and manufacture

No dividends were paid in the accounting year

229

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRNCorporation’s stake in the legal entity Charter Capital Purpose of the Corporation’s stake

Size of dividends received in the

accounting year by the Corporation, rubles

Sea Launch S.a.r.l. Sea Launch S.a.r.l. 58, rue Charles Martel, L-2134 Luxembourg, Grand Duchy of Luxembourg

15% (preference shares) Promotion of the Corporation products and services on the international market, deriving profits from commercial SC launches from Sea-based Launch Platform

No dividends were paid in the accounting year

Limited Liability Company “International Space Services”

OOO MKU Blg 2, 101 Vernadsky prosp., Moscow, Russia ,119526TIN: 7729389099MSRN: 1037700085818

10% Projects implementation under International Space Programs (Land Launch)

No profit, no dividends were paid in the accounting year

Close Company “Center for Rocket – Space Technology Certification”

ZAO TsSKT 4 Pionerskaya Street, Korolev, Moscow Region, Russia, 141070TIN: 5018034722MSRN: 1035003364098

2.33 % Scientific-technical expertise, certification of RST articles

34 800

230

Appendix 9 / Infromation about affiliated companies with the Corporation’s stake in the Charter Capital from 20% to 50%

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s sake in the legal entity Charter Capital

Purpose of the corporation’s stake

Size of dividends received in the

accounting year by the Corporation, rubles

Public Corporation “Consortium Kosmicheskaya Regata”

OAO Consortium Kosmicheskaya Regata

4A Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018032789MSRN: 1035003360534

30% Development, manufacture and testing of solar sail space vehicles, large-size frameless structures, reflectors and service systems.

No profit, no dividends were paid in the accounting period

Open Joint-Stock Company “Scientific – Production Corporation RECOD”

OAO NPK RECOD Blg 6/1, 40 Maryina Roscha, 3rd passage, Moscow, Russia, 127018TIN: 7715700042MSRN: 1087746601271

26.57% Use of business results for the benefit of Russian regions economy

314 083

Appendix 10 / Information about subsidiary companies with the Corporation’s stake in their Charter Capital from 50 % + 1 share up to 100 %

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s stake in the legal entity Charter

CapitalPurpose of the Corporation’s stake

Size of dividends received in the

accounting year by the Corporation,

rublesClose Company “Experimental Machinebuilding Plant of S.P. Korolev Rocket and Space Public Corporation Energia”

ZAO ZEM RSC Energia

4A Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018037000MSRN: 1025002028314

100% Manufacture of manned and cargo space vehicles, orbital stations; production of articles and rocket-space complex components

23 950 000

Close Company Volzhskoye Design Bureau of S.P. Korolev Rocket and Space Public Corporation Energia

ZAO VKB RSC Energia

26B Zemets Street, Samara, Russia, 443077TIN: 6312024093MSRN: 1026300767382

100% Conduct of research work, development work and experimental work on implementing RSC Energia rocket-space programs

No dividends were paid in the accounting year

231

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s stake in the legal entity Charter

CapitalPurpose of the Corporation’s stake

Size of dividends received in the

accounting year by the Corporation,

rublesClose Company “Production Association Cosmos” of S.P. Korolev Rocket and Space Corporation Energia

ZAO PO Cosmos Room 1, 1, Vnukovo-3, Borovskoye shosse, Moscow, Russia, 103027TIN: 7732016788MSRN: 1027700321880

100% Air transportation of passengers, cargoes and mail following Moscow-Baikonur route under the Federal Space Program implementation. Flight operation and maintenance of aviation equipment. Provision of commercial services

No dividends were paid in the accounting year

Public Company “Investment Company Razvitiye”*

AOIK Razvitiye 4A Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018166567MSRN: 1145018006088

100% Investment activity No dividends were paid in the accounting year

Limited Liability Company “RSC Energia-Finans”

OOO RSC Energia-Finans

4A Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018128089MSRN: 1085018005368

100% Investment activity No dividends were paid in the accounting year

Close Company “Teplo RSC Energia”**

AO Teplo RSC Eenrgia

4A Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018138369MSRN: 1095018005279

100% Ensuring efficient management and operation of the Corporation power supply services, ensured supply of power resources, water supply

No dividends were paid in the accounting year

Limited Liability Company “Orthopedic Industry Moscow Energia”

OOO OIME 4 Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018035726MSRN: 1025002037191

100% Social component of the Corporation business. Ensuring manufacture and deliveries of prosthetic-orthopedic products, technical equipment for rehabilitation of disabled persons, equipment, medical facilities; component items and materials for their production to enterprises of the Russian Federation and other countries

No dividends were paid in the accounting year

232

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s stake in the legal entity Charter

CapitalPurpose of the Corporation’s stake

Size of dividends received in the

accounting year by the Corporation,

rublesClose Company BELROSSAT

ZAO BELROSSAT Office 416, blg 5, 15, P.Brovka Street, Minsk, Belarus, 220072

70% Development and operation of space systems, satellite and ground telecommunication systems, provision of telecommunication services to subscribers in the Republic of Belarus and foreign countries

No dividends were paid in the accounting year

Limited Liability Company “Energia Satellite Technologies”

OOO Energia SAT 1A Grabin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018155195MSRN: 1135018000259

51% Manufacture of unmanned spacecraft and objects, prelaunch processing of space objects, space objects control in space

No dividends were paid in the accounting year

Close Company “Energia-Telecom”

ZAO Energia-Telecom

4A Lenin Street, Korolev, Moscow Region, Russia, 141070TIN: 5018138640MSRN: 1095018005576

50.1 % Development, manufacture, commissioning and operational use (for communication, radio and TV broadcasting) of satellite communication components and systems based upon unmanned spacecraft.

240 480

* Based upon the only shareholder’s decision No. R-23/140 of 17.03.2015, Close Company “Teplo RSC Energia” (ZAO Teplo RSCE Energia was renamed and given a new name as Joint-Stock Company “Teplo RSC Energia” (AO Teplo RSC Energia) with making appropriate amendments to the constituent documents, United State Register of Legal Entities (USRLE) record of 24.03.2015.

** Based upon the decision taken by the Company’s only shareholder No. R-23/475 of 02.11.2015, the Open Joint-Stock Company “Investment Company Razvitiye” (PAO IK Razvitiye), further known as the Joint –Stock Company “Investment Company Razvitiye” (AO IK Razvitiye) ceased to exist, its public status was cancelled, USRLE record of 08.12.2015.

Appendix 11 / Non-profit organizations the participant (founder) of whichis RSC Energia

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s stake in the legal entity Charter Capital

Purpose of the Corporation’s stake

Private pre-school educational institution kindergarten “Lesovichok” of general education

DOU Lesovichok 14A Severnaya Street, Korolev, Moscow Region, Russia, 141070

100% Social project secured admission of the Corporation employees children to this pre-school educational establishment.

233

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s stake in the legal entity Charter Capital

Purpose of the Corporation’s stake

development type, RSC Energia TIN: 5018117827MSRN: 1075000002615

Non-state education institution Regional-Branch Scientific-Educational Production Complex “Personal-Cosmos”

NOU RONUPK Personal Cosmos

2 Grabin Street, Korolev, Moscow Region, 141070TIN: 5018044181MSRN: 1035003362624

60% Providing for Corporation personnel training, advanced vocational training, Corporation employees retraining

International Association of Space Activity Participants

MAKD 42 Schepkin Stree, Moscow, 107996TIN: 7702579590MSRN: 1057748543577

− Taking part in proposals for improvement of space activity, its regulatory and legal framework; participation in exhibitions, workshops, making use of consulting services

International Astronautical Association

MAF − − Promotion of space research, dissemination of space knowledge, building up International Community of Experts

Non-profit Partnership “International Committee on implementing the project for building International Aerospace Global Monitoring System”

NP “International Committee on implementing Project MAKSM”

3A 2-nd Horoshevskiy passage, Moscow, 123007TIN:7714401674MSRN:1127799022482

− Organization scientific-technical and financial-economic support of activities on building International Aerospace Global Monitoring System (MAKSM), designed for early and efficient warning of international community with respect to natural calamities and emergency situations of technogenic character

Non-Profit Partnership Technological Platform “National Information Satellite System”

NP “TP “NISS” 52 Lenin Street, Zheleznogorsk, ZATO Zheleznogorsk, Krasnoyarsk Territory, the Russian Federation, 662972TIN: 2452195158MSRN: 1122468058349

− Participation in programs and innovative projects development in order to create and develop perspective new products, services and set of “breakthrough” technologies for a sharp increase of the new generation automatic spacecraft user properties’ parameter and personal package space service availability

Non-Profit Partnership “National Space Technological Platform”

NP “NKTP” 4 major administrative building, Volokolamskoye shosse, Moscow, 125993

− Participation in establishing government economic innovations and ensuring government leading positions on the international market of space systems;Participation in developing long-term scientific and application research strategy and its regular updating;The Russian products and services promotion.

Self-regulatory organization Non-Profit Partnership “Consolidation of Builders”

SRO NP Stroyconsolidatsia Blg 1, 4 Stromynka Street, Moscow, 107014TIN: 5027148162MSRN: 1095000001700

− Conduct of activities to design, build and repair buildings and facilities

Non-Profit Partnership National Organization of Designers

NP NATs Project Blg 1, 25 Malaya Dmitrovka Street, Moscow, Russia, 127006

− Conduct of activities to design, build and repair buildings and facilities

234

Full firm’s name Shortened firm’s nameLocation,

TIN, MSRN

Corporation’s stake in the legal entity Charter Capital

Purpose of the Corporation’s stake

TIN: 7709443100MSRN: 1097799022023

All-Russian Sectoral Association of Employers “Russian Machinebuilders Union”

OOOR Soyuz Mash Rossiya Blg 1 221 Pokrovka Street, Moscow, 101990

− Exchange of information, including information concerning new technologies development and introduction coming from research institutions and engineering plants. Development of managers and engineering personnel;Arranging up-to-date training system and recovery of continuity of machine-building complex professional personnel;Pursuing government youth policy concerning technical education and training of skilled workers, engineering personnel for machine-building industry

Certification Fund Energia (non-profit nongovernmental organization)

FS Energia 54 Cherepanovy passage, Moscow, 125183

− Carrying out certification work on space technology and complete items, as well as the technology for other applications, in accordance with the RF laws and regulatory documents of the Federal Certification Service

235

Appendix 12 / Information about actual results of executing the Russian Federation President and Government orders and instructions

In accordance with the Decree No. 874 by the President of the Russian Federation dated December 2, 2013 “On the Rocket and Space Industry Management System” in order to improve the system of management of organizations in the rocket and space industry – the Corporation’s stock owned by the Russian Federation (38.22 %), was contributed as the stake of the Russian Federation in the Charter capital of the open joint-stock company “United Rocket-Space Corporation” (OAO URSC). As a result, after September 23, 2014, only those orders are applicable to the Corporation, which deal with the companies that have an indirect stake of the Russian Federation in their charter capital.

Information about execution of the RF President and Government orders is made available in accordance with the data placed on the Interdepartmental portal devoted to public property management (further called the “ID-portal”) created on Federal State Property Management Agency site which is used (among other things) to monitor progress in execution of the Russian Federation President and Government orders, as well as Federal State Property Management Agency (“Rosimuschestvo”) representing the interests of the Russian Federation, the largest shareholder of the Corporation, up to September 23, 2014.

236

List of major orders and instructions of the Russian Federation President and Government

237

Order Document/action Comments, additional conditions Information about execution of the orders1. NON-CORE/CORE ASSETS ALIENATION1.1. Core assets alienation programSubparagraph “v”, Item 1 of the order of RF President No. Pr-1092 dated 27.04.2012

Core assets alienation program

The Board of Directors is to consider advisability of approving the Core Asset Alienation Program in the sectors with the sufficient level of competition and approve it if advisable.The Program must reflect:1.Information about documents establishing the title to these assets, together with their copies;2.Information about encombrances;3.Information about encumbrances;4.Intial price of the property to be sold equal to the market price, calculated on the basis of a property assessment report from a independent assessor, prepared in accordance with the Russian Federation law on the valuation activities;5.The method and procedure for selling the core assets;6.Due dates for selling the core assets.

In pursuance of subparagraphs “b” and “v” of Item 1 in the List of the Russian Federation President Orders No. Pr-1092 of 27.04.2012 which concern development of competition and business, as well as the Russian Federation Government Order No. ISh-P13-2638 dated May 2, 2012, the Corporation Board of Directors (Minutes No. 3 of 21.11.2012) reviewed the matter of advisability of alienating RSC Energia-owned core assets (including stock (shares) in economic entities which are in possession (directly or indirectly) of the Corporation) in sectors of the economy exhibiting adequate level of competition with the aim (among other things) to ensure maximum possible involvement, of small and medium-sized enterprises in the process (RF Government Directive No. 4965p-P13 of 17.09.2012). At the Board of Directors it was resolved that alienation of RSC Energia core assets is not advisable.

Review at the Board of Directors the need to approve/inadvisability of approval of the Program

1.2. Non-Core assets alienation programSubparagraph “k”, Item 1 of the Order of RF President dated December 6, 2011, Pr-3668

Non-Core assets alienation program

The Board of Directors is to: 1) analyze the assets of the JSC to justifiably identify non-core assets, 2) provide review and make a resolution on the program of Non-Core Assets Alienation Program (to approve)

On the date of 14.07.2011 the Board of Directors approved the Program of alienation (sale) of non-core assets owned by RSC Energia (Minutes No. 1); on 20.06.2012 the Board of Directors approved addendum to the Program of alienation (sale) of non-core assets of the Corporation (Minutes No. 9) and extended the dates for taking action in support of the Program implementation.In the course of the above Program implementation, the Corporation Board of Directors (Minutes No. 1 of 05.10.2012) considered the issue on termination of the Corporation shared participation in OOO Experiment within the framework of implementing the Program of alienation (sale) of RSC Energia non-core assets. As per subparagraph 28, paragraph 1 Art. 28 of the Corporation Articles of Incorporation, the Board of Directors approved the transaction on selling the Corporation stake in the OOO Experiment Charter capital to the extent of 49.48% and at

Additionally: Non-core assets must not only be alienated, they must be removed from the sphere of influence of the JSC

Subparagraph “v”, paragraph 2 of the Order of RF President V.V. Putin No. 596 of 07.05/2012 “On Long-Term Government Economic Policy

Also classified as non-core assets can be shares in the subsidiaries and affiliates which are not involved in the core activities.

238

Order Document/action Comments, additional conditions Information about execution of the orders

Letter from the Ministry of Economic Development of Russia dated 25.02.2014 No. Д08i-314

Fax message from FPMA dated 19.03.2014 No. 11/11136

Post on ID Portal information regarding non-core assets.

the price determined by independent appraiser in compliance with the Russian Federation legislation. Cash from the sale of RSC Energia’s stake in OOO Experiment was received by the Corporation.On 11.06.2014 the Corporation Board of Directors reviewed and approved (Minutes No. 12) the issue concerning alienation (sale) by the Corporation of 49.5% (99 pcs) of shares of AO RSC Baikonur (formerly – OA KRISP “Aelita”) owned by RSC Energia at the price not lower than the market price determined on the basis of the assessment report prepared by independent appraiser. The sale of the stock of shares (stake) of AO RSC Baikonur at the market price was completed, the receipts from the sale have come in.On the subject of alientation (sale), of OAO Consortium “Kosmicheskaya Regata”: there are no parties interested in buying the stock at the market price.With respect to ZAO Astrasystems (the Corporation stake in the management company is 25.2 %): by the Resolution of Interdistrict Inspectorate of Federal Tax Service No. 46 of Moscow, ZAO Astrasystems was stricken off the United State Register of Legal Entities as per para 2, Art. 21.1 of the Federal Law No. 129-FZ of 08.08.2001 as the result of cessation of business (the date of the entry is 17.11.2014).On 25.02.2015 the Board of Directors took note of the proposals for SAC and non-core assets management system in the Corporation (Minutes No. 13), as well as entrusted the Corporation management with updating the proposals with due regard for the comments made.On 25.06.2015 the Board of Directors considered the issue of SAC management and optimized handling of non-core assets of RSC Energia (Minutes No. 22); took note of the submitted proposals for SAC and non-core assets management system in the Corporation and approved fundamental principles of SAC and non-core assets management.At the 10.03.2016 meeting the Board of Directors considered and took note of the report on SAC and non-core assets management activity (Minutes No. 13 of 14.03.2016); Attention was drawn to positive results of SAC and non-core assets management.The Corporation posted on quarterly basis on the ID Portal of FPMA information on the optimization of the structure of non-

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Order Document/action Comments, additional conditions Information about execution of the orderscore assets (updated information about decisions adopted by the Board of Directors on the subject of alienation of non-core assets together with the alienation program, as well as data on the already sold assets specifying the amount of money received from their sale).

2. PROCUREMENT OF GOODS, WORKS AND SERVICES2.1. Approval of Procurement Policy, improving procurement transparencyFederal Law 223-FZ “On procurement of goods, works and services by particular legal entities”

Approve Procurement Policy

Procurement Policy:- contains procedures for preparing and conducting procurement processes and conditions for their application;- procedure for concluding and executing contracts.

When conducting its procurement activity the Corporation follows fundamental principles of Federal Law No. 223-FZ “On Procurement of Goods, Work, Services by Particular Legal Entities” and focuses on execution of the orders indicated in the FR Government instructions No. 6362p-P13 of 24.10.2013.Since Federal Law No. 223-FZ of 18.07.2011 “On Procurement of Goods, Work, Services by Particular Legal Entities” is not applicable to RSC Energia, considering that the Corporation does not meet the requirements, specified in Paragraph 2 of the law, it is not required to post procurement information and the “Corporation Procurement Policy” in the common information systems and on the official web site (www.zakupki.gov.ru).In accordance with the Russian Federation Government instructions “On Ensuring Transparency of JSC Procurement Activity”:– the report on the Corporation procurement activity results was posted on the ID-portal of FPMA on a quarterly basis;– posted on the Corporation official site is information about placement of orders in electronic form (procurement activity). Also developed and adopted were new “Provision on RSC Energia Procurement Activity” (Corporation President Order No. 35 dated February 04, 2013) and “RSC Energia Procurement Activity Policy” (Corporation President Order No. 514 dated December 23, 2011).Screening procedures are performed electronically using electronic trading platforms. During its meeting on 29.04.2014 (Minutes No. 10) the Corporate Board of Directors also reviewed the progress made by the Working Group set up by the decision of the Corporate Board of Directors dated November 11, 2013 (Minutes No. 3) to analyze the Corporate procurement activities and took note of

Order of the RF Government No. ISh-P13-8685 dated 17.12.2012

Review at the BOD meetings the issue of making decisions aimed at assuring procurement transparency, including approval of the procurement policy

Consider the feasibility of switching to electronic procurement

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Order Document/action Comments, additional conditions Information about execution of the ordersWorking Group’s findings. It made the decision to recommend that Corporate management should take into account the Working Group findings in its work to improve the procurement activities and develop changes/updates to the relevant documents governing the Corporate procurement activities.At the 08.04.2015 meeting the Board of Directors reviewed and took note of the Report on procurement activities results for 2014 (Minutes No. 15).At the 24.06.2015 meeting the Board of Directors reviewed and took note of the Report on procurement activities results for the 1 st quarter of 2015 (Minutes No. 21).At the 28.10.2015 meeting the Board of Directors reviewed and took note of the Report on procurement activities results for the 2nd quarter of 2015 (Minutes No. 4).At the 31.12.2015 meeting the Board of Directors reviewed and took note of the Report on procurement activities results for the 9 months of 2015 (Minutes No. 10).

2.2. Unit costs reduction during procurement activitySubparagraph “e”, paragraph 1 of the RF President Order No. Pr-846 of 02.04.2011Order of the RF Government of 15.08.2011 No. ISh-P13-5809

Include in the KPI system an indicator of unit costs reduction

Approve/Update the Provision on remuneration of top management of state companies to tie in remuneration with this KPI indicator.Introduce changes into employment contract of state company top managers (to provide the possibility of unilaterally dissolving the contract in case of a failure to meet KPI).Develop a procedure for calculating the cost reduction indicator.

In accordance with the orders issued by the Russian Federation President, as well as the Federal Property Management Agency (fax message from FPMA No. GN-15/479 dated 16.01. 2012, FPMA letter No. GN-15/4637 dated 17.02.2012), the Corporation made a decision to reduce the procurement costs for goods (works, services) per production unit by no less than 10 percent per year for three years in real terms.On 26.12.2011 the Corporation Board of Directors (Minutes of the meeting No. 3) approve key performance indicators (KPI) of the corporation operation (proceeds; trading profit; net profit; amount of finance, cash flow, index of costs reduction per unit of output) and the Procedure to calculate indicator of reduced costs for purchasing goods (work, services) per unit of output. To update and supplement the approved Procedure for reducing procurement costs for goods (works, services) per production unit, comments from Roscosmos (letter dated 30.03.2012 No. UGI-1935) were adopted.Within the framework of quarterly progress reports on the Corporate Programs reviewed at the meeting of the Board of Directors on 23.10.2014 (Minutes of the meeting No. 6), the indicator of reducing procurement costs for goods (works, services) per production unit was calculated in accordance with the Procedure for Reducing Procurement Costs for Goods (Works, Services) per Production Unit adopted at the

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Order Document/action Comments, additional conditions Information about execution of the ordersCorporation.2012 saw changes in the procedure for remuneration payment to the Corporation managerial personnel concerning linkage between size of remuneration and achieved indicator of reduced costs of purchasing goods (work, services) per unit of output by less than 10% per year within three years in real terms, as well as imposing sanction for failure to achieve the above indicator.Indicator of reduced unit costs for procurement of goods (works, services) amounted to: 13.8% by the 2011 performance; 11.7% by the 2012 performance; 10.4% by the 2013 performance; 10.6% by the 2014 performance.

In addition, it is necessary to consider a possibility to publish information about scheduled procurements

Information about scheduled procurements is published on the official web site of the Corporation in the “Procurement” section

2.3. Increased procurements of home-produced outputRF President’s orders resulting from the meeting of the Russian Federation State Council Presidium of 20.02.2009

Consider at the BOD a possibility to adjust investment programs upwards relative to procurement of home-produced output in Russia

Posted on ID-Portal is information about the home-produced procurements by the Corporation over the 2007 – 2012 period

3. STRATEGY DEVELOPMENT AND IMPLEMENTATION, EFFICIENCY, LONG-TERM PLANNING3.1. Development and approval of the Innovative Development Programs

Develop and approve Innovative Development Programs

Innovative Development Programs:• review at the BOD the issue of advisability of developing innovative development program;• if advisable, charge the Strategy Committee to create a concept of innovative development programs;• approve the Innovative Development Program at the Board;• review the issue of the program execution tied to the JSC KPI;• review the issue of raising special-purpose science and technology funds;• the program can be extended to SAC.

On 14.07.2011 the Corporation Board of Directors reviewed and approved the Innovative Development Program (IDP) of RSC Energia for the 2011-2020 period (Minutes No. 1).The Corporation Management Board was tasked to ensure implementation of the above Program taking into account the recommendations made by the Working Group for the development of public-private partnership in innovation area under auspices of the Government Commission on High Technologies and Innovations.RF Ministry of Economic Development reviewed the report on implementing RSC Energia’s Innovative Development Program by the 2011 performance and its Letter No. 2114-OF/D19i of 11.02.2013 informed that the Corporation on the whole had put into effect the measures in all typical directions foreseen in IDP; the target figures were achieved by most of the key performance indicators, except for those associated with R&D financing.In order to carry out the order issued by the Chairman of the Interdepartmental Committee on Technological Development of the Presidium at the RF Presidents’ Council on Economic Modernization and Innovative Development of Russia (Letter from the RF Ministry of

Subparagraph “b”, paragraph 1 of the List of the RF President’s Orders No. Pr- 307 dated 07.02.2011Directive of the Russian

In addition: Program shall be in agreement with the RF Government Directive provisions

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Order Document/action Comments, additional conditions Information about execution of the ordersFederation Government No. 1221p-P13 of 24.03.2011

Economic Development No. 5854-AK/D19i of 29.03.2013) the Corporation took part in the Interdepartmental Committee meeting on 04.04.2013 and delivered the report on progress in execution of Innovative Development Program at RSC Energia.At the 29.04.2013 meeting of the Board of Directors (Minutes No. 11):- approved was medium-term plan for 2013 - 2015 under the Innovative Development Program at RSC Energia;-approved were the proposals to update RSC Energia’s IDP for 2013-2020.Corporation took note of FPMA Procedural Materials for medium-term plan for implementing Innovative Development Program for 2013-2015. (MERT Fax message No. 7884-OF/D19i of 22.04.2013).At the 24.06.2015 meeting the Board of Directors approved the Report on progress in implementation of the Corporation Innovative Development Program (IDP) for 2014 (Minutes No. 21). It was noted that the key performance indicators of the Innovative Development Program concerning proceeds, net profit and volume of R&D expenses had not been achieved

Address to the RF Federal Assembly of 12.11.2010

In addition: Innovative Development Program shall be integrated into mid- and long-term strategy of the JSC

Minutes of the meeting of the Government Commission for high technologies and innovations No. 1 dated 30.01.2012The list of the RF President’s orders No. Pr-3086 dated 27.12.2013 Information on the materials of the RF Government meeting of 30.01.2014, Minutes No. 3

FPMA Letter dated 19.08.2014 No. 11/35746 “On Approval of the Long-Term Development Program”

Develop and approve Investment Program, Long-Term development Program

The schedule for submitting the Programs to the RF Government:• Investment Program during the first 6 months of 2014;• Long-Term Development Programs - till 01.10.2014.

3.2. Development and approval of the JSC strategy“Recommendations on the development of Innovation Development Programs approved by the decision of the Government Commission for high technologies and innovations dated 03.08.2010, Minutes of the Meeting No. 4

Approve the Strategy of JSC activities, including the following documents:-the list of KPI and their target values;-Provision on remuneration of the executive body, BOD;-the JSC investment and financial policy;-interactive financial model;-regulations for scientific and technical funds;-prediction of scientific and technological

Prior to approval, review the JSC activities in comparison with similar companies (by the provided List of key indicators)Indentify strategic objectives of the company development (taking into account the provided List)Develop the List of specific measures: manufacturing; investment and financial; managerial; personnel; for organizing corporate structure

At the 22.04.2011 meeting, the Board of Directors approved the concepts of the Corporation Development Strategy for short-term, medium-term and long-term periods (Minutes No. 9).The Committee on Strategic Planning, Modernization and Innovative Development of the Board of Directors (Minutes No. 1 of 23.12.2013) took note of the main directions of the Corporation Strategy and approved the principles of prioritizing in the development of RSC Energia’s projects and available long-term proposals. At the Committee meeting it was decided to charge the Committee on Strategy together with the Corporation management to update the submittals.The 19.02.2014 meeting of the Board of Directors Committee on Strategic Planning, Modernization and Innovative Development (Minutes No. 2) considered the issue of shaping RSC Energia’s strategy.On 04.03.2015 the Corporation Management Board considered the issue of the Corporation Strategy (Minutes No. 3/2015) and took decision to update RSC Energia’s Development Strategy based upon the Concept for the RF manned cosmonautics development, updating

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Order Document/action Comments, additional conditions Information about execution of the ordersdevelopment, modernization and optimization of the technologies in use;-Energy Saving and Efficiency Program

the RF Federal Space Program for the 2016-2025 period and shaping development strategies of OAO URSC and Public Corporation ROSCOSMOS.The 23.03.2016 meeting of the Board of Directors Committee on Strategic Planning, Modernization and Innovative Development considered the issue concerning progress in the development of draft strategy of the Corporation (Minutes No. 1 of 25.03.2016).

Para 2, Item 2 of the Minutes of the meeting held at the First Deputy Chairman of the Russian Federation Government I.I. Shuvalov No. ISh-P13-98pr dated 03.10.2013

Approve the Strategies by the end of 2014

Order of the RF President No. Pr-3086 of 27.12.2013; Order of the RF Government No. DM-P13-9589 of 30.12.2013; Directives of the RF Government No. 4955p-P13 of 17.07.2014

Ensure approval of the long-term development program; procedure for conducting its audit.

Corporation Boards of Directors: are to make sure that JSC develops and approves long-term development program; are to make sure that LDP implementation is audited and a standard for conducting this audit is approved; are to make sure that changes are introduced into provision on the remuneration of the JSC single-member executive body.

3.3. Assuring energy efficiency of companiesOrder of the RF Government dated 19.06.2008

Assure development of Energy Conservation Programs

Programs shall be in line with the recommendations of the Russian Ministry of Energy approved on 02.10.2008 by the Director of the Consolidated Department for the State Energy Policy of the Russian Ministry of Energy S.A. Mikhailov

Corporation conducted activities focused on mandatory inspection of its power facilities: analysis of equipment content; conditions of heat, electric power and water supply; survey of power networks and power distribution equipment; inspection of heat distribution system, heating system, ventilation system; hot water supply system; making instrumental measurements, including infrared imaging control; inspection of water supply and disposal systems. Activities on mandatory inspection of power facilities (energy audit) at RSC Energia were conducted by ZAO Group ENTER, the specialized organization.During inspection of power facilities, the following documents were developed, agreed upon, approved and made available to the Corporation:- “Report on mandatory inspection of RSC Energia power facilities which covers energy-saving recommendations and technical solutions with estimated costs required to implement the scheduled actions and possible payback periods;- “RSC Energia Energy Passport registered with SRO NP

Federal Law 261-FZ On Energy Conservation and improving power efficiency ...”: p.2, Art.15, Chapter 4, Art. 25 Chapter 7Order of the Russian Ministry of Energy No. 182 of 19.04.2010

Draw up the energy passport of the organizationApprove the program of energy conservation and improvement of energy efficiency

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Order Document/action Comments, additional conditions Information about execution of the ordersErgoProfAudit (Reg. No. E-015/048-13 of 27.02.2013) is forwarded to the Russian Federation Ministry of Power Engineering according to the Regulations. The Energy Passport is drawn up in accordance with the Requirements set forth in the Order No. 182 of 19.04.2010 issued by the RF Ministry of Power Engineering. At the present time, the Corporation has developed and is implementing the Plan to carry out the proposals of the commission established by the Order of the Senior Vice-President No. 487/O dated 03.10.2014 to eliminate functional redundancies and optimize costs of supplying power to the Corporation manufacturing facilities.

3.4. Developing mechanisms of environmental responsibilitySubparagraph “l”, paragraph 1 of the List of Orders issued by the RF President No. Pr-1640 of 06.06.2010

Make sure that the decisions are made to develop proposals for the procedure to apply voluntary mechanisms of environmental responsibility

JSC with a 100% government ownership shall publish relevant reports on a regular basis

The Corporation does not fall into the category of JSC with a 100% government ownership (so it is not bound to issue relevant reports).

4. ACTIVITIES OF MANAGEMENT AND SUPERVISION BODIES4.1. Assuring transparency of financial-business activities of organizationsRF Government Orders No. VP-P13-9308 of 28.12.2011, No. IS-P13-80 of 12.01.2012, No. IS-P13-127 of 13.01.2012, No. VP-P24-1269 of 05.03.2012

Provide certificates of income, property declaration and property liabilities of the JSC executives

In pursuance of Article 8, Federal Law No. 273-FZ of 25.12.2008 “On Anticorrupt Practices Law”, the RF Government Decree No. 613 of 22.07.2013, Federal Space Agency Orders No. 160 of 06.08.2013 and No. 167 of 23.08.2013, the Corporation President – issued orders No. 19 of 17.01.2014 and No. 192 of 08.04.2015. These orders approved the List of the Posts appointing to which and replacement of which required that respective employees were to submit information about their income, expenditures, property and property liabilities. In pursuit of the order execution, additional agreements to the labor contracts were concluded with the employees included in the approved List of the Posts.

Art. 92 of Federal Law No. 208-FZ dated 26.12.1995 “On Joint-Stock Companies”Chapter VIII of the FSFR of Russia No. 11-46/pz-n of October 04, 2011 “On the Approval of the Regulations for Information Disclosure by Equity Securities Issuers”,

Ensure better transparency of JSC operation

Disclose information to the extent and per regulations established by the federal executive body for the securities market.Disclose information by JSC included in the privatization forecast plan.

Corporation discloses information to the extent and per regulations established by the federal executive body for the securities market for open joint-stock companies.The Corporation is not included in the privatization forecast plan.

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Order Document/action Comments, additional conditions Information about execution of the ordersOrder of the Russian Federation Ministry of Economic Development No. 208 of May 11, 2011 “On Approval of the Procedure for Information Disclosure by Open Joint-Stock Companies whose stocks are in state or municipal ownership, and by state (municipal) unitary enterprises”.Paragraph 7, Item 2, Minutes of the Meeting at the First Deputy Chairman of the Russian Federation Government I.I. Shuvalov No. ISh-P13-98ps dated 03.10.2013

Publish the BOD decisions that do not constitute commercial secret.

Corporation issues the BOD decisions in its Annual Report which do not constitute commercial secret.Corporate documents were posted in the personal cabinet of the Corporation on the FPMA ID Portal (copies of the minutes of general shareholders’ meetings; meetings of the Board of Directors, ad hoc committees and commissions).

Order of the Russian Federations President No. Pr-113 dated 17.01.2012Orders of the Russian Federation Government No. VP-P13-459 of 27.01.2012, and No. ISh-P13-7501 of 07.12.2012

Disclose information about income of single-member executive body, final beneficiaries of particular counterparts, possible conflicts of interest, interested party transactions.

Corporation discloses information stipulated in current legislation for open joint-stock companies. Corporation discloses information as messages about material facts.In order to pursue the policy to combat corruption and take effective measures to prevent and settle conflict of interests, as well as with the aim to ensure common corporate standards with respect to the Corporation and its SAC, amendments were made to the labor contracts of RSC Energia President and SAC general directors (in pursuance of the RF President Order No. Pr-113 of 17.01.2012 on the subject of prevention of conflict of interests during conclusion of contracts).

4.2. Remuneration to management and employees of organizations, development of KPI systemRF President Order No. Pr-825 of 06.04.2009RF Government Order No. VP-P13-1823 of 06.04.2009, No. VP-P13-2099 of 20.04.2009, No. V3-P13-4252 of 28.07.2009

Set up ad hoc Committees at the Board of Directors Review at the BOD the issue of developing KPI system for JSC.Develop the Provision on remuneration to JSC management, BOD members; make remuneration tied up with KPI system

It is recommended that 4 indicators should be included in the KPI List:-cost effectiveness in terms of net profit;-liabilities/profit on sales;-quarterly earnings history;-quarterly net profit history.Recommendations are provided on tying remuneration of managers with the KPI performance.Disclose information about size of remunerations on the corporation web-page

The information is provided in Item 2.2.The information about size of remuneration was posted on the web page of the JSC as part of the Quarterly Report of the issuers.Ad hoc Committees attached to RSC Energia Board of Directors are set up and have been operating since December 2009. The Corporate Board of Directors meeting held on 08.12.2009 (Minutes No. 4) approved the Provisions governing the activities of these Committees; the Provision on the Strategic Planning Committee; Provision on the Personnel and Remuneration Committee; Provision on the Audit Committee.RSC Energia’s Provision on the Committee on Audit sets forth the

RF Government Order No. ISh-P13-2232 of 08.04.2010

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Order Document/action Comments, additional conditions Information about execution of the ordersconcepts recommended by FPMA (Letter No. 11/53825 of 19.11.2013) and defines the List of the Committee’s powers, including auditing financial-business activities of the organization, management and financial statements (including reports on the management progress in achievement of the established KPIs.In accordance with the FPMA Directive No. GN-15/9084 of 27.03.2012, the 21.11.2012 meeting of the Corporation Board of Directors (Minutes No. 3) considered the issue of setting up the Committee on Modernization and Innovative Development. It was resolved that it should be inexpedient to set it up. By its resolution the Board of Directors broadened the objectives and functions of the Committee on Strategic Planning, adding innovative development objectives to the List of the existing ones and changing the name of the Committee appropriately. The Board of Directors approved the Provision on the Committee on Strategic Planning, Modernization and Innovative Development.Personal cabinet of the Corporation at FPMA’s ID-Portal presents information about available ad hoc Committees at RSC Energia Board of Directors, copies of the Provisions on ad hoc Committees approved, as well as information about the Committees meetings (agenda, voting results, Minutes of the Committees meetings).Committee on Strategic Planning, Modernization and Innovative Development at the Board of Directors meeting held on 18.03.2015 (Minutes No. 2 of 19.03.2015) discussed the List of KPI indicators to be included in the Corporation Work Program for 2015 which was recommended for further review by the Board of Directors.The Corporate Board of Directors (Minutes No. 15 of 10.04.2015) approved the List of key performance indicators for the Corporation, their target values for 2015:- cost effectiveness of investment capital;- cost effectiveness in terms of net profit;- net profit;- labor productivity;- completion of the subject plan under the state programs;- size of dividends;- Quality Management System operation efficiency.Also the Board of Directors approved target values for key performance indicators (KPI) of the Corporation for 2015.On 22.06.2015 the Committee on Personnel and Remuneration at the Board of Directors considered KPI charts of RSC Energia’s top management (Minutes No. 5) and took decision to get the KPI charts of

Russian Federation Government Order No KA-P13-8297 dated 04.12.2010

Consider a possibility to bring remuneration system for RSC Energia employees and BOD members in line with the recommendations

Recommendations in the FPMA letter detail the best practices for developing the stem of incentives for employees and BOD members

Paragraph 3, Item 2 of the minutes of the Meeting at the First Deputy Chairman of the Russian Federation Government I.I. Shuvalov No. ISh-P13-98pr dated 03.10.2013

Expand the functions of the Committee on audit, in particular, those concerning achievement by the management of the KPI set

Order of the RF President No. Pr-1474 of 05.07.2013Order of the FR President No. ISh-P13-2043 of 27.03.2014 FPMA letter No. OD-11/22160 of 26.05.2014

Make sure that the KPI of the Corporation are approved and that RSC Energia’s management remuneration is linked to achievement of KPI, taking into account the attached guidelines

Initiate RSC Energia’s Board of Directors meeting putting the following items on the agenda:• Approve the Provision on KPI in the Corporation activity.• Approve KPI for management performance which shall be taken into account when deciding on labor compensation and personnel matters.• Make sure that the KPI are approved and that RSC Energia’s management remuneration depends upon achievement of KPI, taking into account the attached guidelines.

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Order Document/action Comments, additional conditions Information about execution of the ordersRSC Energia’s top management updated and agree it upon with the representatives of major shareholders (OAO URSC, ZAO Lider) in the course of work. After being agreed upon, the position shall be submitted for the Committee’s consideration in the 3 rd quarter of 2015 along with the Corporation Policy concerning remuneration to top management and the List of Top Managers who fall within this Remuneration Policy.On 25.09.2015 the Committee on Personnel and Remuneration at the Board of Directors took decision to update the submitted top management KPI charts (Minutes No. 1) with due regard for the comments made; submit them for reconsideration; hold the Committee’s meeting by absentee voting.On 02.10.2015 the Committee on Personnel and Remuneration at the Board of Directors postponed review of the Regulations for RSC Energia’s key performance indicators application (Minutes No. 2) according to the Committee’s Chairman decision.At the 23.03.2016 meeting of the Committee on Strategic Planning, Modernization and Innovative Development of the Board of Directors the List of the KPI indicators to be included in the Corporation Work Program for 2016 was discussed and approved (Minutes No. 1 of 25.03.2016) which covered 8 mandatory indicators proposed by OAO URSC: free cash flow (FCF); return on sales; net profit; labor productivity; completion of the subject plan under state programs; owners’ working capital; implementation of key investment projects; innovative development index, as well as additional indicator approved at the Board of Directors of RSC Energia (Minutes No. 15 of 10.04.2015): Quality Management System operation efficiency.

5. CONTROL5.1. Establishing a common information space (personal cabinet of the Corporation at the FPMA ID Portal)FPMA letter dated 04.10.2013 No. 11/46314 On entering information in the personal cabinet at the ID Portal”

About the need to enter information in the personal cabinet of the Corporation at the FPMA ID Portal

Section of ID-portal has been completed in online mode “Background Information about the Organization” (contact data, information about state backing, indices of the Corporation operation, classification by kinds of economic activity, industry).Section “Equity Capital Structure” covers information on a monthly basis about the shareholders whose share in the Charter (contributed) capital exceeds 2%.Section “Control and Managerial Bodies” addresses information about membership of the Corporation managerial bodies (Board of Directors, Collegiate Executive Body (Management), Single-member executive body (Corporation President), Auditing Committee, Committees at the Board of Directors), as well as their competence.

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Order Document/action Comments, additional conditions Information about execution of the ordersSection “Corporate Events” presented current information about RSC Energia corporate events (general shareholders’ meetings, Board of Directors meetings). In so doing, the Corporation via ID-portal reported topical information about participation of members of the Corporation managerial bodies in its meetings as well as place corporate documents of RSC Energia (copies of the Minutes drawn up at the general shareholders’ meeting held, Board of Directors meetings, ad hoc Committees and commissions meetings held).

FPMA letter dated 03.04.2014 No. OD-05/13840

Post financial statements on the ID Portal ID-Portal Section “Reporting” placed on a quarterly basis the Corporation bookkeeping information electronic files and scanned copies of quarterly interim reporting in PDF.ID-Portal section “Orders” placed information about progress in execution of the orders at regular intervals.ID-Portal section “Documents placed organization-order documents approved by the Corporation in 2015 in addition to the earlier posted in-house documents of the Corporation regulating its activity.

FPMA letter dated 05.12.2014 No. 11/52045

Post information on SAC on the ID Portal Section “Subsidiary and Affiliated Companies” provides information about the Corporation SAC (contact data, information about their share in the Charter (contributed) capital of the Corporation).

FPMA letter No. 11/9288 of 07.03.2014

About advisability of following recommendations on managing the rights to intellectual property products

Initiate a meeting of the board of directors of the company with this issue on the agenda.Post on ID Portal information regarding the corporate actions taken.

The Corporation Board of directors on 11.06.2014 (Minutes No. 12) addressed the issue of advisability of following recommendations on managing the intellectual property products rights and made the decision:- take note of the information about implementation in the Corporation of measures to manage intellectual property products rights;- charge the corporate management with development and approval of basic provisions for managing intellectual property product rights.On 24.06.2015 the Corporation Board of Directors reviewed the basic provisions for managing rights to intellectual property products and adopted the following resolution (Minutes No. 21):-approve the Basic Provisions for managing rights to intellectual property products;-charge the Corporation management to ensure execution of the Action Plan for implementing the Basic Provisions for managing rights to intellectual property products at RSC Energia. ID-Portal places information about the Board of Directors’ meetings.

5.2. About complaints with respect to weapons and military equipment productsFPMA letter dated 21.04.2014 No. VB-09/16976 “About reviewing the issue of complaints with

Initiate a meeting of the Board of Directors of the Corporation with this issue on the agenda

On 25.02.2015 the Corporation Board of Directors (Minutes No. 13) considered and took note of information that 2014 saw no complaints whatsoever made by state customers with respect to RSC Energia about the complexes (systems), military equipment products due to non-

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Order Document/action Comments, additional conditions Information about execution of the ordersrespect to military equipment

compliance with customer’s requirements.The 30.07.2015 meeting held by the Corporation Board of Directors (Minutes No. 2 of 04.08.2015) considered and took note of information that no complaints were lodged by state customers to RSC Energia about the complexes (systems) and military equipment products due to non-compliance with customer’s requirements for the first 6 months of 2015.The 29.12.2015 meeting held by the Corporation Board of Directors (Minutes No. 10 of 31.12.2015) considered and took note of information that no complaints were lodged by state customers to RSC Energia about the complexes (systems) and military equipment products due to no-compliance with customer’s requirements for the 3 rd

quarter of 2015.The 10.03.2016 meeting held by the Corporation Board of Directors (Minutes No. 13 of 14.03.2016) considered and took note of information that no complaints were lodged by state customers to RSC Energia about the complexes (systems) and military equipment due to non-compliance with customer’s requirements in 2015.

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Appendix 13 / Information about continuing court proceedings in which the Corporation acts as a plaintiff/defendant on debt claim with indicated total amount of claims made/lodged that may have an impact on the Corporation

operation1. Under legal proceedings on the part of the Boeing and Aker Groups for a total amount of

about 112 million US dollars, on October 11, 2010 the arbitrator made an award for termination of the legal proceedings on procedural grounds (because the case was out of his jurisdiction) and reimbursement of the Corporation legal proceedings costs. On January 11, 2011 the Boeing and Aker Groups of Companies submitted notice of appeal regarding the arbitrator award to the court of Stockholm. On 11.04.2014 the court of appeal determined to reject the claims lodged by the Boeing and Aker (Kvaerner). On 09.05.2014 the Boeing and Aker (Kvaerner) filed an appeal against the decision of the Board of Appeals to the Supreme Court of Sweden. In July 2014 the Aker (Kvaerner) withdrew its claims, the case with respect to the Aker’s (Kvaerner) claims made had been dismissed. On December 21, 2015 the Supreme Court of Sweden satisfied the Boeing’s notice of appeal and returned the case to the Board of Appeals of Stockholm. A new trial may start in the Board of Appeals in the event that the Boeing Company will submit relevant application. As the situation is currently uncertain, it is hardly Possible to understand what stand the Corporation should take on this matter. In view of the above, a real assessment of respective risks cannot be made from the Boeing Company and the Boeing Commercial.

2. On February 1, 2013 the court of central district, California, received the statement of claim Space Company (BCSC) which included the 4 claims:

− bringing suit against Design Bureau Yuzhnoye and PA Yuzhmash zavod (Ukraine) for breach of the Agreement on Creation of the Sea Launch Companies dated May 3, 1995. The amount claimed is 55 million US dollars.

− bringing suit against DB Yuzhonoye/PA Yuzhmash for breach of the Agreement on the Guarantees and Security dated February 3, 1996. The amount claimed is 78 million US dollars.

− bringing suit against RSC Energia (RF), Energia Overseas LLC (USA) and Energia Logistics Ltd (USA) for breach of the Agreement on Creation of the Sea Launch Companies dated May 3, 1995. The amount claimed is 92 million US dollars.

− bringing suit against RSC Energia (RF), Energia Overseas LLC (USA) and Energia Logistics Ltd (USA) for breach of the Agreement on the Guarantees and Security dated February 3, 1996. The amount claimed is 130 million US dollars.

In addition, claims are made to collect interest on all the amounts claimed (at the rate to be determined by the court).

In June 2013 the Kvaerner (Aker) company added its claims to those made by the Being Company and the Boeing Commercial Space Company (BCSC). The amount claimed by the Kvaiener Company is determined at the rate of at least 84,7 million US dollars; besides, the claims are made to collect interest at the rate to be determined by the court ruling.

RSC Energia does not agree to the claims lodged and on July 5, 2013 RSC Energia raised appropriate objections, as well as the counter – claim for the amount of 430 million US dollars.

In July 2014 the Kvaener (Aker) Company withdrew its claims; insofar as the Kvaerner’s (Aker’s) claims are concerned, the case is dismissed. The litigation proceedings still go on insofar as the Boeing’s and the BCSC’s claims are concerned. On September 28, 2015 consideration of the claims made by the Boeing against RSC Energia took place; preliminary judicial act was delivered pointing out that plaintiffs’ arguments (the Boeing and BCSC companies) concerning their claims to RSC Energia were reasonable enough while RSC Energia’s arguments were not well-grounded; that the evidence produced on the matter was sufficient t take a decision without hearing the case in court. On November 10-23, 2015 the hearings concerning the Boeing’s claim against the Energia Overseas LLC and Energia Logistics Ltd were conducted. Making one overall final decision of the court with respect to the Boeing’s claims to RSC Energia and the Energia Overseas LLC and Energia Logistics Ltd is pending. By estimate of the lawyers’ team the court decision is going to be finalized in March - April 2016. There is no fixed date for delivery of court judgment (has not determined yet by the US court); by initial forecast, the court decision delivery was expected till the end of March; later the forecast deferred delivery of the court decision to April – May. As on 31.03.2016, no court decision has been delivered yet. In view of international peculiarities of this case, it does not seem possible to make any forecast about its final outcome for the present.

3. Trial concerning the matter of insolvency (bankruptcy) of the organization. Plaintiff (Applicant) is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Defendant (Debtor) is SUE NPTs SPURT (4 Zapadny 1st proyezd, Zelenograd, Moscow, 124460). Matter in contest is the creditor’s claim for recovery of

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55 360 000 rubles within the framework of the matter of insolvency (bankruptcy) of the organization. Arbitration court of the first instance issued judicial determination on 27.03.2014 that the claim was to be entered into the schedule of creditors. As for SUE NPTs SPURT, proceedings in bankruptcy are opened. By Moscow Arbitration court determination of 15.12.2015 the bankruptcy proceedings were prolonged till 14.06.2016.

4. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is the RF Ministry of Defense (19 Znamenka Street, Moscow, 119160). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claim for recovery of damages in the amount of 195 710 790 rubles for failure to meet commitments under government contract on schedule. By the court judgement of 02.09.2015 the RF Ministry of Defense claims were satisfied in full scope. By ruling of the ninth Arbitration court of appeal of 16.11.2015 the court judgment remained unchanged the appeal was not satisfied. The cassation made by RSC Energia on 17.12.2015 is to be considered in the Arbitration court of Moscow district on 05.02.2016.

5. Court proceedings on the matter of recovery of actual costs under government contract. Plaintiff is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Defendant is the RF Ministry of Defense (19 Znamenka Street, Moscow, 119160). Matter in contest is the claim for recovery of actual costs in the amount of 104 040 957,17 rubles under the government contract. By the court judgement of 26.06.2015 the claims lodged by RSC Energia were satisfied in full volume. By ruling of the ninth Arbitration court of appeal of 06.11.20 the judgment was revoked presented claims were rejected to be satisfied. On 25.12.2015 the cassation appeal was filed with the Arbitration court of Moscow district; sitting of the court was fixed for 09.03.2016.

6. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is Federal Space Agency (42 Schepkin Street, Moscow, GSP-6, 107996). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claim for recovery of damages under the government contract in the amount of 43 505 000 rubles. The Arbitration court of Moscow made an award of 03.11.2015 to refuse to satisfy the claims lodged in full scope. By ruling of the ninth Arbitration court of appeal of 26.01.2016 the award remained unchanged; the cassation appeal was not satisfied.

7. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is Federal Space Agency (42 Schepkin Street, Moscow, GSP-6, 107996). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claim for recovery of damages under the government contract in the amount of 582 524 294,50 rubles. By ruling issued by the Arbitration court of Moscow Region (28.04.2015) the proceedings were suspended.

8. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is Federal Space Agency (42 Schepkin Street, Moscow, GSP-6, 107996). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claim for recovery of damages under the government contract in the amount of 147 977 042,13 rubles. By the court judgement of 18.01.2016 the claims were satisfied in full scope. On 11.04.2016 the case is to be considered in the court of appeal.

9. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is Federal Space Agency (42 Schepkin Street, Moscow, GSP-6, 107996). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claim for recovery of damages under the government contract in the amount of 67 529 378,32 rubles. Arbitration court of Moscow made an award on 11.09.2015 to refuse to satisfy the claims lodged in full scope. By ruling of the court of appeal of 22.03.2016 the award remained in force.

10. Court proceedings on the matter of declaration as invalid of non-statutory acts. Plaintiff is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Defendant is MRI of FTS of Russia No. 8 relative to the largest tax bearers. Matter in contest is declaration as invalid the decision No. 14-09/30R of  27.10.2014 and the claim No. 8 of 15.04.2015. Arbitration court of Saint-Petersburg and Leningrad Region made an award to satisfy partially the claims.

11. Court proceedings on the matter of recovery of money in the amount of 123 463 367,17 rubles under the contract. Plaintiff is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Defendant is OAO Teploset (2A 50th anniversary of VLKSM Street, Korolev city, 141070). Matter in contest is recovery of principal debt and damages for failure to transfer the money in due time. Amicable settlement was reached and approved by the Arbitration court of Moscow Region on 23.03.2016.

12. Court Proceedings on the matter of fulfillment of the obligations in kind. Plaintiff is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Defendant is FKU Tsentroavtomagistral (139 Novaya Street, vil. Akulovo, Odintsovo district, Moscow Region, 143002). Matter in contest is fulfillment of the obligations to install plastic noiseproof windows in RSC Energia’s buildings. By ruling of the Arbitration court in Moscow Region the statement of claim was accepted, sitting of the court was fixed for 05.04.2016.

13. Court proceedings on the matter of recovery of money in the amount of 51 715 431,79 rubles under the Contract. Plaintiff is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Defendant is AO PKP

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IRIS (9 Krasnoarmeyskaya Street, Rostov-on-Don, 344011). Matter in contest is recovery of principal debt and damages for failure to transfer the money in due time. The Arbitration court of Moscow Region made the award to satisfy the Corporation’s claims in full scope. Consideration of the case in the court of appeal is fixed for 19.04.2016.

14. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is Federal Space Agency (42 Schepkin Street, Moscow, GSP-6, 107996). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claim for recovery of damages under the government contract in the amount of 2 072 354 749,80 rubles. By the court decision of 18.06.2015 the claims were satisfied partially. By ruling of the tenth arbitration court of appeal of 09.09.2015, the court decision remained unchanged; the appeal was not satisfied.

15. Court proceedings on the matter of recovery of damages under government contract. Plaintiff is Federal Space Agency (42 Schepkin Street, Moscow, GSP-6, 107996). Defendant is RSC Energia (4A Lenin Street, Moscow Region, Korolev city, 141070). Matter in contest is the claims for recovery of damages under the government contract in the amount of 2 943 612 740 rubles. By the court judgement of 03.12.2015 the claims were rejected to be satisfied in full scope.

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