PJSC Gazprom Memorandum of Intent

The Memorandum of Intent of PJSC Gazprom in relation to the controlled companies PJSC Mosenergo, PJSC MOEK, PJSC OGK-2 and PJSC TGK-1

Electric power industry is a strategically important field of activities of Gazprom Group. For the last 10 years, Russia’s largest vertically integrated electric power holding was created within PJSC Gazprom. The holding consolidates assets in the field of production of power and heat energy, transmission and sales of heat energy and assets in adjacent segments.

Electric power assets are consolidated within a wholly owned subsidiary, Gazprom Energoholding LLC, which owns controlling interests of companies PJSC Mosenergo, PJSC TGK-1 and the unified heat supply company of Moscow — PJSC MOEK. The controlling interests of PJSC OGK-2 belong to PJSC Centrenergoholding, a subsidiary of Gazprom Energoholding LLC.

PJSC Mosenergo, PJSC TGK-1, PJSC OGK-2 and PJSC MOEK are an integral part of business of Gazprom Group, disposition of the specified assets is not considered.

PJSC Gazprom considers the priority task of its electric power business line to be progressive development of the companies, maintenance of stable growth of their financial indicators while preserving reliability of power supply to consumers.

PJSC Gazprom manages the companies under the unified corporate standards, recognizes the importance of upgrading the corporate management of controlled companies and aspires to maintain of openness and transparency of their activity.