In accordance with the Regulations on the Audit Committee under the Board of Directors of IDGC of the North-West, JSC approved by the Board of Directors of IDGC of the North-West, JSC on 23.06.2010 (Minutes No. 60/15):

Goal of the Committee
Elaboration of recommendations related to audit and the Company Statements and  their presentation to the Board of Directors of the Company.

Core Objective of the Committee
Elaboration of audit-related recommendations and their presentation to the Board of Directors of the Company.

Competence of the Committee
1. Exercise of control of arrangement of annual independent audit of consolidated financial statements and accounting (financial) statements of the Company.
2. Evaluation of Auditor’s conclusion presented as part of materials for the annual General Meeting of Shareholders of the Company. 
3. Exercise of control of preparation of quarterly and annual statements by the Company executive bodies as well as of such statements objectivity.
4. Evaluation of candidates for Auditor of the Company.
5. Exercise of control of the Company internal control systems related to accounting and finance and of the Company Internal Audit service activities.
6. Evaluation of efficiency of the Company internal control procedures and preparation of proposals on their improvement.
7. Consideration (mandatorily, prior to forwarding to the Board of Directors of the Company) of independent valuators’ reports on arrangement of evaluation of the Company properties and liabilities when the Company effects major transactions and other transactions decision on effecting whereof is taken by the Board of Directors or when transfer of rights to the Company properties occurs otherwise. 
8. Other issues, by order of the Board of Directors of the Company.

1. Remes Seppo Juha - (Chair) - Member of the Board of Directors of JSC "IDGC North-West" General Director "Kiuru";
2. Alexey Demidov - Member of the Board of Directors of JSC "IDGC North-West",  Deputy General Director for Economics and Finance of "IDGC Holding ";
3. Tatyana Dronova Member of the Board of Directors of JSC "IDGC North-West", Deputy General Director for Strategy and Development, CJSC "Energosoyuz Investment Holding"
4. Mikhail Kurbatov - Member of the Board of Directors of JSC "IDGC North-West",  Deputy General Director of "IDGC Holding"
5. Alexey Kurochkin - Member of the Board of Directors of JSC "IDGC North-West", Director of Corporate Policy of  "IDGC Holding";
6. Roman Filkin - Member of the Board of Directors of JSC "IDGC North-West", Co-Director of the Representative Office of "Prosperity Capital Management” (RF) Ltd. (Electric Power Engineering);
7. Taras Shevchenko - Member of the Board of Directors of JSC "IDGC North-West",  Head of the Procurement Department of "IDGC Holding "