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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 from criteria for assessing compliance with the corporate governance principle 1.1.6 The procedure established by the company for holding of a general meeting gives all persons present at a meeting an equal opportunity to express their opinion and ask questions 1. Sufficient time was provided for reports on the agenda items and discussion of those items at general meetings of shareholders held in the format of face-to- face meetings (joint attendance of shareholders) in the reporting period. Shareholders were given the opportunity to express their opinion and ask questions on the agenda. 2. The company has invited nominees to the management and control bodies and has taken all necessary steps to ensure their participation in the general meeting of shareholders, at which their nominations were put to a vote. The nominees to the management and control bodies of the company present at the general meeting were available to answer questions from shareholders. 3. The sole executive body, the accounting officer, the chairperson or other members of the board's audit committee were available to answer questions from shareholders at general meetings of shareholders held during the reporting period. 4. In the reporting period, the company used telecommunication means for remote access of shareholders to participate in general meetings or the board of directors took a reasoned decision that it was not necessary (possible) to use such means in the reporting period. Not observed Criteria 1, 2, 3 and 4 are not observed. The recommendations considered were not complied with by the Company due to the holding of General Meetings in the form of absentee voting during the reporting period. The Company's messages announcing the General Meeting always contain a telephone number for shareholders to contact the Company's management and members of the Board of Directors, among other things. Furthermore, the Company did not use telecommunication means to provide remote access for shareholders to participate in the General Meetings during the reporting period, as the Company has not developed technical requirements for such access or approved the relevant documents. The Company is committed to implementing the recommendations of the Code. The Company's Board of Directors will take a reasoned decision on the use or non-use of such means when making decisions related to the preparation and holding of the General Meetings of Shareholders. Annexes No. Corporate governance principles 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 Shareholders are given an equal and fair opportunity to share profits of the company through the receipt of dividends 1.2 1.2.1 The company developed and implemented 1.2.2 1.2.3 1.2.4 a transparent and easily understandable mechanism for the determination of the amount of dividends and the dividend payment procedure. The company makes no dividend payment decision if such decision, although it formally violates no legal restrictions, is unreasonable from the financial standpoint and may lead to the forming of false perceptions about the company's operations. The company prevents any adverse impact on the dividend rights of existing shareholders.. The company is committed to excluding any other ways of obtaining profit (income) by shareholders at the expense of the company except for dividends and the liquidation value. 1. The dividend policy Partially observed of the company was approved by the board of directors and disclosed on the company's website. 2. If the dividend policy of the company, making up the consolidated financial statements, uses the company's reporting indicators to determine the amount of dividends, the relevant provisions of the dividend policy take into account consolidated financial reporting indicators. 3. Justification of the proposed distribution of net profit, including payment of dividends and the company's own needs, and assessment of its compliance with the dividend policy, explanations and economic justification of the need to direct a certain part of net profit to its own needs in the reporting period were included in the materials for the general meeting of shareholders, the agenda of which includes the item of profit distribution (including the payment (declaration) of dividends). 1. The company's provisions on the dividend policy, in addition to the restrictions imposed by law, define the financial/economic circumstances where the Company should not decide to pay dividends. Observed 1. In the reporting period, the company Observed took no actions resulting in an adverse impact on the dividend rights of existing shareholders. 1. In the reporting period, there were no other ways for the persons controlling the company to receive profit (income) at the company's expense other than dividends (e.g. through transfer pricing, unjustified provision of services by the controlling person at inflated prices, through internal loans substituting dividends to the controlling person and (or) its controlled persons). Observed Criterion No. 3 is not observed. In the reporting period, the Company did not include in the materials for the General Meeting of Shareholders a justification for the proposed distribution of net profit (including for the payment of dividends and the Company's own needs) and an assessment of its compliance with the dividend policy adopted by the Company. The Company is committed to complying with the recommendations of the Code and plans to include this information in the materials for the General Meetings of Shareholders in the new reporting period. 104 PJSC Russian Aquaculture | Annual Report 2021 www.russaquaculture.ru/en/ 105
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