Optimisation of Non-core Assets

Pursuant to non-core asset identification and sale guidelines set by the Russian Government Directive No. 894-r dated 10 May 2017, the Board of Directors approved the updated Company’s Non-core Asset Disposal Programme (Minutes No. 3 dated 18 October 2017). The Plan of Non-core Assets Sale and the Register of Non-core Assets are approved on an annual basis. Information on the Company’s non-core assets is available on its website, the website of Russian Railways in the Property Transactions section at , and TransContainer’s property shop at avito.ru. The Company’s Commission for Sale of Immovable Assets Not Used in Production reviews the implementation of its non-core asset disposal plan on a quarterly basis. The information is submitted to the Company’s Board of Directors.