Principles of Composing Committees of the Board of Directors

To guarantee optimal Committee performance and impartial, unbiased decisions and recommendations, the Company employs the following basic approaches:

• Forming the Audit Committee and the Personnel and Remuneration Committee mainly from independent directors with required expertise and experience, without any conflicts of interest on the matters under consideration, who does not hold the position of the Chairman of the Board of Directors
• Taking into account the workload of Board members as directors of the Company, as well as overlapping of their positions, and ability to effectively and amply form balanced decisions on agenda items
• Having dedicated Committees established to discuss materially significant matters for the sustainable operation and development of the Company (investments, key projects)
• Financing the activities of the Committees and providing them with the required resources at the expense of the Company
• Involving external experts in the activity of the Committees (both for a consideration or free of charge)
• Considering matters both under the recommendations of the Board of Directors and within individual areas, control over which is delegated to the Committees
• Chairing the Committees exclusively by Board members with regular reporting to the Board of Directors