Restrictions on voting rights

The company does not have non-voting preference shares, non-voting shares without preference, multiple voting rights shares, priority shares, golden shares or voting rights ceilings. The Articles of Association do not limit the way to vote, provided by shares, unless stipulated by legislation.

One common share entitles the holder to one vote.

In addition, the legislation covers the situations, where shareholders are unable to vote or unable to vote fully.

In accordance with the Federal Law on Joint-Stock Companies:

• do not provide the right to vote treasury shares;
• before the date of sending a mandatory offer to a public company, a person who has acquired more than 30% of shares and its affiliates have the right to vote only on shares constituting 30 percent of such shares;
• before the date of sending a mandatory offer to a public company, a person who has acquired more than 50% and 75% of the shares and its affiliates have the right to vote only on newly acquired shares that exceed the corresponding share;
• Do not have the right to vote shares owned by members of the Company's management bodies on the issue of electing members of the Company's Audit Commission;
• Persons interested in the transaction, and persons controlled by interested persons, do not participate in the voting.

These restrictions are aimed at protecting the rights of minority shareholders and to prevent conflicts of interest of shareholders.

In addition, the Company seeks to ensure that shares owned by controlled companies do not participate in the voting.