Inheritance of shares

For registration of ownership of shares of Rosseti Centre (the public name of IDGC of Centre, PJSC) as inheritance, the heirs should apply with the relevant application to the notary (if fewer than six months have passed after the death of the owner of shares) or to the courts (if more than six months have passed from the moment of death) at the place of residence of the owner of shares (the testator).

The notary (judge) has to send a request for the number of shares on the account of the testator at the place of registration of shares (to the registrar JSC VTB Registrar or to the depositary).

A request for the Company's dividend debt owed to the testator must be sent to the Company, since in accordance with the agreement concluded by the Company with JSC VTB Registrar for the maintenance and storage of the register, the registrar carries out only the initial payment of dividends of the Company, and the Company maintains the history of dividend payments and the payment of arrears on dividends independently. If shareholders reside at the location of the Company's branches, the application must be sent to the contact persons of the branches, information about which is posted on the Company's website at the following address: https://www.mrsk-1.ru/investors/contacts/. All other shareholders must send an application for payment of dividend arrears to the following address: 15 Malaya Ordynka Street, Moscow, 119017 (attention: IR-Division).

The notarial request is made on a special form, and is written in Russian. The request for the notary (judge) has to indicate full name, address and any other data available to identify the shareholder in the registry as well as the number of the inheritance case. The signature on the request must be stamped.

After receiving the information at the request the notary draws up a "Certificate of right of inheritance of shares and dividends according to the law", and the judge makes the appropriate decision.

Then the successor should provide to the place of registered shares of the testator (the registrar JSC VTB Registrar or the depository), the original or a notarized copy of the certificate or court decision.

In the absence of an heir's personal account in the shareholders' register or a depot account in the depositary, he should first open an account in the shareholders' register or a depot account in the depositary for the subsequent transfer of the shares to him. For this the successor should provide the registrar a registered person form with an order for opening an account in the register or to provide a depositor’s questionnaire to the depositary (it is required to have a genuine identity document).

The above documents may be submitted to the registrar or to the depositary by the authorized representative of the successor’s shares. In this case, the authorized representative must submit to the registrar or depository the original or a notarized copy of a power of attorney, confirming his authority; the heir’s signature on the application form and a copy of the identity document of the successor must be notarized. The authorized person is required to have a genuine identity document.

The Registrar makes an entry into the registry on the transfer of ownership of securities as a result of succession within 3 days from the date of receipt of documents.

Cost of services of the registrar/depositary for registration of ownership of shares by way of inheritance and account opening is determined by their price-list.

The list of documents required for registration of the inheritance of securities under a certificate of the right to inheritance and recommendations on the procedure for their provision to the registrar are also posted on the website of the Company's registrar on the Internet at: https://vtbreg.ru/shareholder/operations/operations-1212/.

The list of documents required for registration of the inheritance of securities by a court decision and recommendations on the procedure for their provision to the registrar are also posted on the website of the Company's registrar on the Internet at: https://vtbreg.ru/shareholder/operations/operations-1213/.

In order to receive dividend arrears, heirs after re-registration of inheritance rights in the shareholder register must provide Application on payment of arrears on dividends in paper or electronic form to the Company's specialists, whose contact information is indicated on the Company's website at: https://www.mrsk-1.ru/investors/contacts/. The application must be accompanied by a copy of the inheritance certificate and a copy of the passport pages of the heir to the shares. If the application is signed by the representative of the heir to the shares, it is also necessary to attach a copy of the document on the basis of which the representative acts, and a copy of the document proving his identity. Notarial certification of copies of the above documents is not required. The company has the right to ask for the originals or notarized copies of the copies of documents provided for payment of dividend debt.

In accordance with Art. 1155 of the Civil Code of the Russian Federation, upon the application of the heir who missed the deadline established for accepting the inheritance (six months from the date of opening the inheritance in accordance with Article 1154), the court may restore this period and recognize the heir as having accepted the inheritance if the heir did not know and should not have known about the opening inheritance or missed this period for other valid reasons and on condition that the heir who missed the period established for accepting the inheritance went to court within six months after the reasons for missing this period have disappeared.

If the heir by law accepted any property, then he accepted the entire inheritance, even property, the existence of which he does not suspect (in accordance with clause 2 of Article 1152 of the Civil Code of the Russian Federation).

If you previously opened an inheritance case with a notary and formalized the rights to inheritance from the deceased owner of shares to some other property, then upon discovery of a newly opened inheritance case, a new inheritance case does not need to be opened, the rights to it will be formalized by a notary within the framework of a previously opened inheritance case. Just contact the notary who conducted it and report on the identification of a new inheritance property. The notary will have to issue a new inheritance certificate for the shares.

The registrar will accept such a certificate and recalculate the number of the RGC shares specified in the certificate into shares of the Company after reorganization according to the share conversion ratios (provided that there are no other grounds for refusing to conduct an operation in the register of shareholders).

According to clause 3 of article 8 of Federal Law of 22 April 1996 N 39-FZ “On the Securities Market”, the provision of an extract from the register of shareholders on his personal account to a registered person at his request is the responsibility of the Company's registrar. In this connection, notarial requests for an extract from the register of shareholders must be sent to the address of the registrar.

The contact information of the registrar, as well as its branches and transfer agents, is posted on the website of JSC VTB Registrar at the following addresses: https://vtbreg.ru/feedback/, https://www.vtbreg.com/company/regional/.

A request for the Company's dividend debt owed to the testator must be sent to the Company, since in accordance with the agreement concluded by the Company with JSC VTB Registrar for the maintenance and storage of the register, the registrar carries out only the initial payment of dividends of the Company, and the Company maintains the history of dividend payments and the payment of arrears on dividends independently. If shareholders reside at the location of the Company's branches, the application must be sent to the contact persons of the branches, information about which is posted on the Company's website at the following address: https://www.mrsk-1.ru/investors/contacts/. All other shareholders must send an application for payment of dividend arrears to the following address: 119017, Moscow, Malaya Ordynka street, 15 (attention: IR-Division).

If there is more than one heir, then all the necessary documents for registration of inheritance rights must be provided to the registrar SIMULTANEOUSLY by all heirs. The documents are provided personally by the heir or his authorized representative, in the case of several heirs – by the heirs or authorized representatives.

The heirs may conclude between themselves a written agreement on the division of the inherited property indicating the whole number of securities distributed to the heirs, signed by each of the heirs or their authorized representatives. In this case, the registrar opens the owner's personal account for each of the heirs and credits them with securities in accordance with the agreement on the division of the inherited property. This agreement can be drawn up directly at the registrar's office, at its branches, at the transfer agents of the registrar or at the branches of the Company, the contact information of which is indicated on the Company's website at: https://www.mrsk-1.ru/investors/registrar/. In this case, the heirs must sign the division agreement in the presence of the registrar's staff / authorized representatives. The form of this agreement can be obtained directly from the registrar / its authorized representatives.

Also, the heirs can draw up an agreement for the division of inherited property with a notary. In this case, the registrar is provided with the original or a copy of this agreement certified by a notary.

In the case of registration of inheritance rights through a court, the division of inherited property between several heirs can be made by a court decision.

If the heirs cannot come to an agreement on the division of securities, the registrar opens one personal account indicating the details of all heirs and credits to it the total number of securities indicated in the certificate of inheritance (common shared ownership account).

In the future, all orders submitted to the registrar on the account of common shared ownership (in order to transfer ownership of securities, transfer securities for safekeeping to a depository, obtain information on a personal account, etc.) must be signed by all participants in common shared ownership. In the absence of such signatures, the registrar must be provided with a notarized power of attorney issued by all participants in the common shared property to the person who signed the order on their behalf.