On February 24, 2012 the Rating Agency “Expert RA” has assigned Kubanenergo JSC corporate governance rating 7 – “Corporate governance developed practice”

“Corporate governance developed practice”

Company complies with demands of the Russian legislation in the area of corporate governance and mostly follows recommendations of the Russian Code of Corporate Behavior as well as certain recommendations of international advanced practice of corporate governance. Owner risks related to management quality are low.

B+ CMNR (Corporate Management National Rating) has been awarded to “Kubanenergo”, JSC at 15.01.2007