of management quality

In December 2016, the RAEX rating agency (Expert RA) confirmed the A+.gq management quality rating for OAO NGK Slavneft. This assessment means the Very High Management Quality Level and has been assigned to the Company since 2015.

RAEX experts highlighted arrangement of the activity of the Board of Directors and its committees, as well as arrangement of the activity of Company’s executive bodies among the positive aspects of Slavneft’s management practice. Besides, the Slavneft financial results, effective risk management and high level of Company’s information transparency had a positive impact on the expert opinion.

The management quality rating is an integrated assessment of the Company’s activity and expresses the Expert RA opinion on how the management quality system enables to observe and protect stakeholders’ rights. The rating scale has five grades and includes assessments from C.gq (the low management quality rating) up to A++.gq (the highest management quality level). You can find the rating assignment method on the Agency’s official website: http://www.raexpert.ru/ratings/corporate/method/.

RAEX (Expert RA) is the largest rating agency in Russia and has been conducting its business since 1997. The agency is officially accredited by the RF Ministry of Finance and is recorded in the Register of Credit Rating Agencies of the Bank of Russia. The Central Bank of the Russian Federation, Moscow Stock Exchange, Agency for Housing Mortgage Lending, Deposit Insurance Agency, Vnesheconombank, other state and commercial entities use RAEX ratings during bidding procedures and tenders.