SECURITIES PROSPECTUS

28. other issues provided for by the Federal Law "On Joint-Stock Companies" and the Articles ofAssociation of the Company."The authority of the Director General of the Issuer is provided for by Articles 13.1 to13.3 of the Articles of Association of the Issuer:"The Director General of the Company manages the daily operations of the Company pursuant tothe resolutions of the General Meeting of Shareholders and the Board of Directors of theCompany adopted within their respective jurisdiction.The jurisdiction of the Director General of the Company covers all issues related to themanagement of the Company's daily operations other than those falling within the jurisdiction ofthe General Meeting of Shareholders and the Board of Directors of the Company.The Director General of the Company acts on behalf of the Company without a power ofattorney, specifically within the restrictions provided for by the applicable laws, these Articles ofAssociation and the resolutions of the Board of Directors of the Company:1) ensures the implementation of the Company's action plans necessary to accomplish itsobjectives;2) organizes the maintenance of accounting records and reports by the Company;3) manages the Company's property, executes transactions on behalf of the Company, issuespowers of attorney, opens settlement and other accounts of the Company with banks and otherlending institutions (and professional corporate participants in the securities market as providedfor by laws);4) issues orders, approves (adopts) instructions, local regulations and other internal documents ofthe Company on issues falling within its jurisdiction, gives directions binding upon allemployees of the Company;5) approves the regulations for branches and representative offices of the Company;6) approves manning table and basic salaries of the Company's employees in accordance with theorganizational structure of the Company's executive arm;7) exercises the rights and performs the obligations of the employer in respect of the Company'semployees provided for by the employment laws;8) allocates responsibility among Deputy Directors General of the Company;9) submits for consideration by the Board of Directors of the Company reports on the financingand economic activities of the subsidiaries and dependent companies whose shares (equities) areowned by the Company and information about other entities in which the Company participates;10) not later than 45 (forty-five) days prior to the date of annual general meeting submit forconsideration by the Board of Directors of the Company the annual report, balance sheet, profitand loss statement (income statement) of the Company, appropriation of the Company's profitand loss;11) develops target key performance indicators (KPIs) for the divisions (executives) of theCompany and assumes liability for their achievement;12) submit to the Board of Directors of the Company reports on the target key performanceindicators (KPIs) approved for the divisions (executives) of the Company and the results of theirachievement;13) solves other issues related to the daily operations of the Company, with the exception ofissues falling within the jurisdiction of the General Meeting of Shareholders and the Board ofDirectors of the Company."Information concerning the availability of the code of corporate conduct (governance)of the issuer or other similar document:The above-mentioned document was not approved as of the date of approval of thesecurities prospectus by the issuer and is being developed.Information concerning the availability of the internal documents of the issuergoverning the activities of its bodies:132