In order to develop and disclose mechanisms and procedures for practical implementation of the recommendations of the Corporate Governance Code, the Center for Research on Privatization, Competition Development and Corporate Governance under the State Committee for Competition developed "Methodological Recommendations on Compliance with Certain Provisions of the Corporate Governance Code" based on best international practices of corporate governance.

"Methodical Recommendations on Compliance with Certain Provisions of the Corporate Governance Code".

FORM OF APPLICATION on compliance with recommendations of the Corporate Governance Code for disclosure based on the international principle "comply or explain"

These Methodological Recommendations may be used by the undertaking joint stock companies for qualitative compliance with the Corporate Governance Code.