Control and assessment of the quality of management of JSC IDGC of the North-West is carried out by the Board of Directors (including the Audit Committee), Auditing Commission, internal control office and external auditor of the Company.

The Auditing Commission is a body of control over the activities of the Company from the part of shareholders. The undeniable advantages of the Auditing Commission of the Company are legal approval the auditing commission notion together with the right of convening of the General Shareholders Meeting. Another important thing in the activity of the Auditing Commission is the right to require the presentation of the documents concerning the financial and business activity of the Company from the Company's officials.

Information on main decisions made at the meetings of the Auditing Commission in 2012:

• on March 1, 2012 a decision on the time schedule of audit of the financial and business activities of JSC IDGC of the North-West for 2011 was made;
• on April 10, 2012 the opinion of the Auditing Commission on the results of audit of the financial and business activities of JSC IDGC of the North-West for 2011 was approved;
• on May 30, 2012 the certificate of audit performed by the Auditing Commission of JSC IDGC of the North-West for 2011 was approved;
• on July 19, 2012 a decision was made on audit of economic feasibility of tariffs and execution of tariff and balance decisions of the regulating authorities for electricity transmission and technological connection for 2009-2011 of Kolenergo branch of JSC IDGC of the North-West;
• on August 30, 2012 the certificate of the Auditing Commission of JSC IDGC of the North-West on the results of audit of economic feasibility of tariffs and execution of tariff and balance decisions of the regulating authorities for electricity transmission and technological connection for 2009-2011 of Kolenergo branch of JSC IDGC of the North-West was approved;
• on November 26, 2012 a decision was made on audit of expenses on HR management of the Company for 2012;
• on January 25, 2013 decision No. АМ-4440 was made on audit financial and business activities of JSC IDGC of the North-West at request of the Company's shareholder JSC IDGC Holding of December 27, 2012;
• on February 27, 2013 a decision was made on audit of JSC IDGC of the North-West activities of engaging contractors and performing works for extension and cleaning of forest corridors for overhead lines by such contractors for Pskovenergo branch of JSC IDGC of the North-West in accordance with Minutes No. MK-28pr of January 1, 2013 of the Ministry of Energy of Russia.

Composition of the Auditing Commission

The quantitative structure of the Auditing Commission of the Company is defined by the Articles of Association and consists of 5 members.

In 2012, there were two compositions of the Auditing Commission.

From June 16, 2011 to June 20, 2012 the Auditing Commission of JSC IDGC of the North-West consisted of the following members: I.A. Alimuradova, V.N. Arkhipov, I.Yu. Bogachev, M.M. Saukh, I.A. Filippova.

The current members of the Auditing Commission of the Company were elected at the Annual General Meeting of Shareholders held on June 21, 2012.

Izumrud Aligadzhievna Alimuradova

Chairman of the Auditing Commission

(Date of the first election to the Auditing Commission: June 24, 2010).

Born in 1971.

In 1994 she graduated from the Lenin Dagestan State University, majoring in Economic Theory. Candidate of economic sciences.

2003-2009 — Development Director at LLC Energoconsulting.

2009-2010 — Head of the Internal Audit and Risk Management Department of JSC IDGC Holding.

From 2010 until now she has been working as Director for Internal Audit and Risk Management of JSC IDGC Holding (Head of the Internal Audit and Risk Management Department).

She did not hold any shares in JSC IDGC of the North- West in 2012 nor did she perform any transactions with securities of the Company during 2012.

Vladimir Nikolaevich Arkhipov

Member of the Auditing Commission

(Date of the first election to the Auditing Commission: June 24, 2010).

Born in 1956.

In 1979 he graduated from Novosibirsk Electronic Technical Communication Institute, qualified as an electrical communication engineer.

2006-2009 — Director General of CJSC Rustel.

2009-2011 — First Deputy Head of the Safety Department of JSC IDGC Holding;

2011-2012 — Head of the Safety Department of JSC IDGC Holding.

He did not hold any shares in JSC IDGC of the North- West in 2012 nor did he perform any transactions with securities of the Company during 2012.

Nikolay Alexandrovich Belyaev

Member of the Auditing Commission

(Date of the first election to the Auditing Commission: June 21, 2012)

Born in 1965.

In 1991 he graduated from the Moscow State Correspondence Pedagogical Institute, majoring in History. In 2007 he graduated from the Russian State Service Academy at the President of the RF under a qualification upgrade program for the right to carry out professional activities in the field of Budgeting and Pricing in Construction.

2006-2009 — Chief Specialist of Budgeting and Repair Department of JSC Moscow Unified Electric Grid Company.

2009-2010 — Chief Specialist of Budgeting Department of JSC Mosenergo.

2010-2011 — Engineers for Budgeting and Contracting Work of LLC IPK-Stroy.

From 2011 until now — Leading Expert of Audit and Expert Examinations Division of the Internal Audit and Risk Management Department of JSC IDGC Holding.

He did not hold any shares in JSC IDGC of the North- West in 2012 nor did he perform any transactions with securities of the Company during 2012.

Igor Yurievich Bogachev

Secretary of the Auditing Commission

(Date of the first election to the Auditing Commission: June 16, 2011)

Born in 1959.

In 1981 he graduated from Moscow Automotive Institute, majoring as Technical Engineer.

2007-2010 – Chief Specialist of JSC Moscow United Electricity Distribution Company (MOE SK);

From 2010 until now – Leading Expert of the Internal Audit and Risk Management Department of JSC IDGC Holding.

He did not hold any shares in JSC IDGC of the North- West in 2012 nor did he perform any transactions with securities of the Company during 2012.

Ekaterina Yurievna Roslyakova

Member of the Auditing Commission

(Date of the first election to the Auditing Commission: June 21, 2012)

Born in 1987.

In 2009 she graduated from the Institute of Financial Management at the State University of Management, majoring in Finance and Credit, qualified as an economist.

2009-2011 — Consulting Auditor of the Administration of the Fuel and Energy Complex Internal Audit Department of CJSC PriceWaterhouseCoopers.

From 2011 until now — Chief Expert of the Internal Audit and Risk Management Department of JSC IDGC Holding.

She did not hold any shares in JSC IDGC of the North- West in 2012 nor did she perform any transactions with securities of the Company during 2012.

Participation of members of the Auditing Commission in the audits conducted in 2012