Controls and Risk Management

Vladimir Makarov

Dear Shareholders!

In 2023, following the completed restructuring of the Company, we successfully merged the risk management system and the internal control system into a single corporate risk management and internal control system — RM&ICS.

The Rosseti Group has a common methodology in place for identifying, assessing, monitoring risks, and developing internal control measures and procedures.

We are committed to boosting customer satisfaction with our Company’s services. The corporate RM&ICS, which takes into consideration the economic, social, and geographic features of each region of operation, enables the Group’s companies to respond flexibly to changes in internal and external environmental factors.

The RM&ICS’s development priorities are focused on timely solution of problems facing the Rosseti Group as well as the proactive detection of unfavourable events and mitigation of any repercussions that could impair the effectiveness of the Company’s production operations and financial stability.

Vladimir Makarov, Director for Internal Control and Risk Management — Head of the Internal Control and Risk Management Department