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Investor Presentaiton

Corporate Governance System Corporate governance is a system of interaction between stakeholders and a mechanism that allows for informed and sound decision-making, ensuring transparency of the Company's activities and effective control by shareholders and other stakeholders. Compliance with Corporate Governance Principles Corporate governance Corporate governance at PJSC Russian Aquaculture rests on the pillars of: • transparency; • accountability; • equality; • focus on compliance with laws and shareholder rights. The mission of corporate governance has always been and remains a successful development of the Company, while finding a reasonable balance of legitimate interests of its shareholders, chief executives and management. The Company's effective corporate governance is designed to contribute to reducing investment risks, increasing the investment attractiveness and strengthening the business reputation. The key objectives of corporate governance at PJSC Russian Aquaculture are as follows: • ensuring that legitimate rights and interests of all Company shareholders are fulfilled unconditionally, timely and in full; . growth in the Company's market capitalisation; increasing the transparency of decisions made by the Company's governing bodies; • continuous improvement of the Company's shareholder relations mechanisms. The Company's management regularly reviews the best corporate governance practices in Russia and abroad, enhances the corporate governance system and brings it in line with Russian and international standards. Corporate governance carried out in the Company is in conformity with Russian laws, the Company's Charter, and internal regulations developed for the Company's governing and control bodies, the Listing Rules of the Moscow Exchange, and the Corporate Governance Code recommended by the Bank of Russia for use by joint-stock companies whose securities are admitted to organised trading (hereinafter referred to also as the Corporate Governance Code). While strictly complying with Russian Federation legislation, PJSC Russian Aquaculture also strives to fully comply with the corporate governance standards reflected in the Corporate Governance Code. In recent years, the Company has consistently pursued a policy of improving and developing the corporate governance, and implementation of the Corporate Governance Code's recommendations were regarded to as one of its priorities. The Company continued on this course in 2021. PJSC Russian Aquaculture is guided by the Corporate Governance Code recommended by the Bank of Russia with an aim to regulate the work of its governing bodies and increase the number of principles observed. Thus, the Company observed 41 out of 79 principles in 2019 (63 in 2020). In 2021, the Company revised its approach to assessing compliance with the principles of the Corporate Governance Code as the regulator changed some of the assessment criteria and added new ones. But even then the level of corporate governance stayed high and harmonised with the best Russian and international practices. As the Bank of Russia has updated the criteria for assessing compliance with corporate governance principles, the Company took a different approach to some of them, which explains a decrease in the number principles that are fully observed. In 2021, the Company observed 57 principles, partially observed 16 principles, and did not observe six principles. Reporting year Observed Partially observed Not observed 2019 2020 41 26 12 63 11 5 2021 57 16 6 92% extent to which the Company fully or partially observed principles set out in the Corporate Governance Code > > > (%) In particular, the Company plans to launch an online voting system and to enable remote participation in General Meetings of Shareholders this year. Several internal documents are being prepared for approval, while the existing ones are periodically reviewed for compliance with Russian laws and best practices of corporate governance. In 2021, work was done to bring some of the Company's internal regulations up to date, including amendments were made to the Charter, the Regulation on Payment of Remunerations and Compensations to Members of the Board of Directors of PJSC Russian Aquaculture, the Regulation on the Strategy Committee of the Board of Directors, the Regulation on the Nomination and Remuneration Committee of the Board of Directors, as well as the Regulation on the Sustainable Development Committee of the Board of Directors was developed and approved and the list of insider information was updated. The highest level of compliance with corporate governance standards, execution of as many recommendations of the Corporate Governance Code as possible, continuous study of the best corporate governance practices and improvement of the Company's corporate governance system in accordance with them remain the Company's priorities. The Company is also looking to be more informative and willing to engage with shareholders and investors on an ongoing basis. 28 PJSC Russian Aquaculture | Annual Report 2021 The revision of certain compliance criteria by the regulator is a new challenge as part of improving the corporate governance which PJSC Russian Aquaculture has readily accepted and redoubled its efforts in order to implement and fully meet with them. Read the full Report on Compliance with Principles and Recommendations of the Corporate Governance Code in 2021 in Report on Compliance with the Principles and Recommendations of the Corporate Governance Code. www.russaquaculture.ru/en/ 29
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