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Nomination and Remuneration Committee

Pursuant to our internal regulations, our Nomination and Remuneration Committee consists of at least three members from our Board of Directors, each of whom is to be an independent director (or, if this is not reasonably possible, either an independent or non-executive director). The Nomination and Remuneration Committee encourages the recruitment of qualified specialists to our management and determines appropriate salary levels for our management.

The Nomination and Remuneration Committee is principally responsible for:

- establishing criteria for evaluation of candidates to the Board of Directors and the Management Board, as well as to the position of the General Director;
- defining principles and criteria for the amount of remuneration and compensation for the General Director and the members of the Board of Directors and the Management Board; and
- evaluating the performance of the General Director and the Management Board.