OREANDA-NEWS. June 30, 2016. PJSC Mostotrest (hereinafter Mostotrest, the Company or the Group) held its Annual General Shareholders' Meeting in Moscow.

At the meeting, the shareholders approved Mostotrest 2015 annual report and annual financial statements, adopted a decision on dividend payment, elected the Board of Directors and the Review Committee of the Company, as well as approved the Company’s auditors under the Russian Accounting Standards (RAS) and International Financial Reporting Standards (IFRS).

On Approval of the Annual Report, Annual Financial Statements and Dividend for the Fiscal Year 2015

The General Shareholders' Meeting approved the Company's annual report and annual financial statements under RAS. Mostotrest 2015 revenue under RAS was RUB111 billion, down 7% year-on-year.

In accordance with the dividend policy of PJSC Mostotrest, dividends are calculated on the basis of IFRS financial statements of the Mostotrest Group. IFRS revenue of the Group, including PJSC Mostotrest and its subsidiaries, amounted to RUB143.5 billion, a 7% decrease year-on-year. Net profit of the Group was RUB4.2 billion, down 30% compared to 2014. On the recommendation of the Board of Directors, the General Shareholders' Meeting supported the decision to pay a dividend of RUB3 billion. Total dividend for 2015 will amount to RUB3,002,772.9 thousand, or RUB10.64 per ordinary share of the Company. Dividend record date: 11 July 2016.

On Election of the Board of Directors

The General Shareholders' Meeting voted in favor of the election of the Board of Directors of PJSC Mostotrest, consisting of 11 members. The elected Board: Gennady Bogatyrev, Vladimir Vlasov, Leonid Dobrovsky, Valery Dorgan, Andrey Konnykh, Vladimir Kotylevsky, Vladimir Monastyrev, Vyacheslav Prikhodko, Oleg Tanana, Maria Karelina and Valentin Silyanov.

On Approval of the Auditors and the Audit Commission of the Company

The General Shareholders' Meeting approved OOO GROSS-AUDIT as the auditors of the Company's financial statements under RAS.

The General Shareholders' Meeting approved ZAO KPMG as the auditors of the Company's financial statements under IFRS.

The General Shareholders' Meeting elected the Company's Audit Commission consisting of four members: Tatiana Belyaevskova, Angelina Korotkova, Yulia Kryuchkova and Valerya Provotorova.

Mostotrest Board of Directors Chairman Vladimir Monastyrev comments on the results:

"Economic instability, the banking crisis and a difficult financial situation of many contractors made 2015 a predictably challenging year for the infrastructure construction sector.

The dynamics of operating and financial results of the Mostotrest Group of Companies amid this environment deserve a positive assessment. Despite challenging market conditions, companies of the Mostotrest Group in 2015 successfully commissioned a series of large-scale complex infrastructure projects, including the Businovskaya Interchange, the interchange at the intersection of Mozhaiskoye Avenue and the Moscow Ring Road, the Skolkovskoye Avenue - Moscow Ring Road segment, a segment of Bolshaya Akademicheskaya Street and others.

The Group was able to post only a slight decline in revenue, maintain gross margin almost at the level of the previous year, and increase capital investments. The Group's backlog decreased by only 15%, due to exclusion from the backlog of a rather significant contract of the toll road operator UTS, 50% in which was sold to VINCI in mid-2015.

Decent 2015 financial results and a stable backlog of current and new large-scale projects support our optimism with regard to the Company's prospects in 2016 and our ability to pay a dividend for 2015 in the amount of RUB3 billion, or 85% of consolidated IFRS net income attributable to equity holders."

NOTES TO EDITORS

Mostotrest is a major, diversified infrastructure construction company, with an established presence in all core and related market segments, and a participant in Russia’s first public-private partnership projects. According to EMBS Group, an independent industry consultancy, in 2015 Mostotrest held a 13.9% share of the total Russian transport infrastructure construction market.

Mostotrest’s core competences include construction and reconstruction of bridges, roads and other transport infrastructure facilities; provision of road maintenance, repair and operating services. In 2012, Mostotrest also entered a new segment: management of road concessions.

The company was established in 1930 as a developer of complex and oversized bridges.

Mostotrest is currently participating in the implementation of a number of complex transport infrastructure development projects, such as construction of the Section 4 (km 208 – km 258) and Section 6 (km 334 – km 543) of the M-11“Moscow – St Petersburg” Toll Highway, construction and reconstruction of the M-4 “Don”, M-9 “Baltic” and M-11 “Narva” highways, construction of Businovskaya Interchange in Moscow, Bor Bridge in Nizhny Novgorod and Voroshilovsky Bridge in Rostov-on-Don.

Mostotrest Ownership Structure:

· 94.2%: OJSC TFK-Finance;

· 5.8%: free float.

For more detailed Company information, please visit www.mostotrest.ru