Extraordinary General Meeting

The Extraordinary General Meeting was held on 18 December 2019.

At the EGM shareholders voted to approve the following agenda item:

Increase PJSC Rostelecom’s charter capital by placement of 1,200,000,000 additional ordinary registered non-documentary shares with par value of 0.0025 rubles of each at the following terms:

• method of placement: private offering;
• entities among which additional shares shall be placed (potential purchaser of securities to be placed): VTB Bank (Public Joint-Stock Company) (Primary State Registration Number 1027739609391);
• price of shares offered, including the price of shares offered to entities having the preemptive right to acquire them: RUB 93.21 for one share;
• form of payment for the additional shares: the shares are paid in cash by wire transfer in Russian rubles;
•  PJSC Rostelecom covers the expenses associated with crediting the shares to the personal accounts in PJSC Rostelecom’s register of securities holders of the potential purchaser (VTB Bank (Public Joint-Stock Company)); the potential purchaser covers the expenses associated with crediting the shares to the depository account of the potential purchaser; PJSC Rostelecom covers the expenses associated with crediting the shares to the personal accounts in PJSC Rostelecom’s register of securities holders of entities having the preemptive right; entities having the preemptive right cover the expenses associated with crediting the shares to the depository accounts of entities having the preemptive right.
• Other terms of the placement are set out in the decision on additional share issue approved by PJSC Rostelecom’s Board of Directors.