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Corporate Governance Rating

Measures aimed at implementing provisions set forth in the Corporate Governance Code suggested by the Bank of Russia allowed Rostelecom to considerably improve its Quickscore corporate governance rating from Institutional Shareholder Services Inc. which is one of the world’s leading international corporate governance consultancies. A rating of 2 on the 1-10 score range (with a score of 1 meaning low corporate governance risks).

As of 31 December 2015, Rostelecom had a rating of 7+ (Mature Corporate Governance Practice), according to the National Rating of Corporate Governance scale by the Russian Institute of Directors (RID). Thus, RID believes that Rostelecom has low corporate governance risks and complies with requirements of the applicable Russian corporate governance law.