Evaluation of the Board of Directors’ Performance

In March 2021, an internal performance evaluation of the Company’s Board of Directors (self-evaluation) was carried out using a questionnaire, including:

• evaluation of the activities of the Board of Directors as a management body of the Company;
• evaluation of activities of members of the Board of Directors/the Chairman of the Board of Directors;
• evaluation of activities of the Committees under the Board of Directors.

The evaluation assessed the work of the Board of Directors for the period since 30 September 2020. The results were considered at the meeting of the Company’s Board of Directors on 19 May 2021 (Minutes No. 4).

The Evaluation confirmed the high efficiency of management of the Board of Directors’ and its committees’ operations, as well as the high efficiency of the Board of Directors, including performance of the tasks set forth.

The implementation of all functions of the Board of Directors is under the constant attention of the Chairman.

The experience/competencies of the members of the Board of Directors in all important areas, taking into account the current activities and the Long-Term Development Programme of Transneft, correspond to the tasks at hand.

It was recommended to increase the number of in-person meetings of the Board of Directors in order to improve the efficiency of the work of the Board of Directors.