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Investor Presentaiton

No. Corporate governance principles Criteria for assessing compliance with the corporate governance principle Status of compliance with the corporate governance principle Explanations of deviation No. Corporate governance principles from criteria for assessing compliance with the corporate governance principle Criteria for assessing compliance with the corporate governance principle Status of compliance with the corporate governance principle Explanations of deviation from criteria for assessing compliance with the corporate governance principle Annexes 4.3.2 4.3.3. The company implemented the programme of long-term motivation for the members of the executive bodies and other key managers of the company using the shares of the company (options or other derivative financial instruments, the underlying asset for which are the shares of the company). The amount of compensation (golden parachute) that the company pays in case of early termination of their powers to the members of the executive bodies or key managers, as initiated by the company, and in the absence of unfair acts on their part, shall amount of the fixed portion not exceed a twofold. of the annual remuneration. 5.1 1. If the company has introduced a long-term incentive scheme for members of executive bodies and other key executives of the company using company shares (financial instruments based on company shares), the scheme implies that the right to sell such shares and other financial instruments is gained not earlier than three years from the date of acquiring them. At the same time, the right of their realisation is dependent on the achievement of certain performance indicators of the company. 1. The amount of compensation (golden parachute) that the company pays in case of early termination of their powers to the members of the executive bodies or key managers, as initiated by the company, and in the absence of unfair acts on their part, did not exceed a twofold amount of the fixed portion of the annual remuneration during the reporting period. Observed Observed The company has established an effective risk management and internal control system aimed at providing reasonable assurance that the company's purposes will be accomplished 5.1.1 The board of directors determined the principles 5.1.2 5.1.3 of and the approaches to setting up the risk. management and internal control system in the company. The executive bodies of the company ensure establishing and continuous functioning of the effective risk management and internal control system in the company. The risk management and internal control system of the company provides an objective, fair and clear view of the current state and prospects of the company, integrity and transparency of the company's reporting, reasonableness and acceptability of the risks taken by the company. 1. The functions of various corporate bodies and units of the company in the risk management and internal control system are clearly defined in internal documents/respective policy of the company approved by the board of directors. 1. The executive bodies of the company ensured distribution of obligations, powers and responsibilities in respect of risk management and internal control between the heads (chiefs) of the units and departments accountable to them. 1. The company has an approved anti- corruption policy. 2. The company ensured a safe, confidential and easy-to-use way (hotline) of informing the board of directors or the audit committee under the board of directors on the facts of violation of the legislation, the internal procedures and the ethical code. of the company. Observed Observed Partially observed 5.1.4 5.2 Observed The board of directors of the company takes necessary measures to make sure that the risk management and internal control system of the company is consistent with the principles of and approaches to its organisation defined by the board of directors and is functioning effectively. 1. In the reporting period, the board of directors (audit committee and/ or risk committee, if any) organised an assessment of the reliability and effectiveness of the risk management and internal control. system. 2. In the reporting period the board of directors reviewed the results of the assessment of the reliability and effectiveness of the company's risk management and internal control system, and the details of the review are included in the company's annual report. In order to ensure a systematic independent assessment of reliability and efficiency of the risk management and internal control system and of the corporate governance practice, the company arranges for internal audit 5.2.1 The company has a separate structural unit or engages 1. To conduct an internal audit, an independent external 5.2.2 6.1 Criterion No. 1 is not observed. The Company does not have an approved anti-corruption policy. The Company aims to implement the recommendations of the Code and is in the process of agreeing the provisions of the Company's Anti-Corruption Policy with the Company's Board of Directors. The approval of the Anti- Corruption Policy by the Board is expected in 2022. company to conduct an internal audit. The functional and administrative accountability of the internal audit unit is differentiated. Functionally, the internal audit unit reports to the board of directors. The internal audit unit assesses the reliability and effectiveness of the risk management and internal control system, as well as the corporate governance, and applies generally accepted standards of internal audit. the company established a separate structural internal audit unit functionally reporting to the board of directors or engaged an independent external company following the same accountability principle. 1. In the reporting period, internal audit assessed the reliability and effectiveness of the risk management and internal control system. 2. In the reporting period, internal audit assessed corporate governance practices (individual practices), including communication procedures (including those related to internal control and risk management) at all management levels of the company, as well as stakeholders relations. Observed Observed The company and its activities are transparent for shareholders, investors and other interested persons 6.1.1 The company has developed and implemented an information policy that ensures effective information exchange between the company, shareholders, investors and other interested persons.. 1. The board of directors of the company approved the company's information policy developed with regard to the recommendations of the Code.. 2. In the reporting period, the board of directors (or one of its committees) reviewed the efficiency of communication between the company, shareholders, investors and other stakeholders and the advisability (necessity) to revise the company's information policy. Observed 120 PJSC Russian Aquaculture | Annual Report 2021 www.russaquaculture.ru/en/ 121
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