D&O Insurance of Board Members

With the size of the Company’s operations, the number of counterparties, the complexity of contractual relationships, and regulatory changes all taken into consideration, the Company has instituted the practice of insuring the directors’ and officers’ liability for the Company and its subsidiaries.

Purposes of D&O insurance:

• To protect directors and officers in case of third‑party claims
• To guarantee the protection of the property interests of the Company’s shareholders
• To offer a means of reimbursement should any potential losses for the Company and/or insured parties occur

The insured persons are members of the Board of Directors, executive bodies, any officials exercising management, organisational or administrative functions in the Company and/or its subsidiaries.

Risks insured:

• Risk of third‑party claims against the insured persons for compensation of losses caused by unintentional erroneous actions of the insured persons in carrying out management activities
• Risk of third‑party claims against the Company for compensation of losses incurred on the Company’s securities

The basic parameters of insurance and the amount of insurance coverage correspond to the scale of the Company’s business and potential risks, as well as the practice of D&O insurance of industry companies.