Common use of REASONS FOR AND BENEFITS OF THE TRANSACTION Clause in Contracts

REASONS FOR AND BENEFITS OF THE TRANSACTION. The Directors consider that the New Repair Services Contract is for the benefit of the Company, as the contractor offered a competitive price. The Directors (including the independent non-executive Directors) consider that the New Repair Services Contract has been negotiated on an arm’s length basis and on normal commercial terms which are fair and reasonable and the transactions contemplated under the New Repair Services Contract are in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole. None of the Directors has a material interest in the transactions contemplated under the New Repair Services Contract, save for Xx. Xxxxxxx Xxxxxxxxx, who is general director of JSC EuroSibEnergo, a company which is owned by En+, and deputy general director — financial director and deputy general director — operating director of En+; and Mr. Xxxxxxxx Xxxxxxxxxx, who is the first deputy chief executive officer for technical policy and executive officer of International limited liability company En+ Holding, and deputy CEO — executive officer of En+, being the holding company of Limited Liability Company “EuroSibEnergo-Service Company”. Mr. Xxxxxxxx Xxxxxxxxxx is also the head of technical supervision of JSC EuroSibEnergo, a company which is owned by En+. Accordingly, Xx. Xxxxxxx Xxxxxxxxx and Mr. Xxxxxxxx Xxxxxxxxxx did not vote on the Board resolution approving the New Repair Services Contract.

REASONS FOR AND BENEFITS OF THE TRANSACTION. The Directors consider New Transportation Contract has been entered into for the purpose of transportation. The Company considers that the transactions contemplated under the New Repair Services Transportation Contract is are for the benefit of the Company, as the contractor services provided are required in the production process of the Group and the service provider offered a competitive priceprice and are capable of meeting the Group’s transportation needs. The Directors (including the independent non-executive Directors) consider that the New Repair Services Transportation Contract has been negotiated on an arm’s length basis and is on normal commercial terms which are fair and reasonable and the transactions contemplated under the New Repair Services Transportation Contract are in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole. None of the Directors has a material interest in the transactions contemplated under the New Repair Services Transportation Contract, save for Xx. Xxxxxxx Xxxxxxxxx, who is general director of JSC EuroSibEnergo, a company which is owned by En+, and deputy general director — financial director and deputy general director — operating director of En+; and Mr. Xxxxxxxx Xxxxxxxxxx, who is the first deputy chief executive officer for technical policy and executive officer of International limited liability company En+ Holding, and deputy CEO — executive officer of En+, being the holding company of Limited Liability Company “EuroSibEnergoKraMZ-Service Company”Auto LLC. Mr. Xxxxxxxx Xxxxxxxxxx is also the head of technical supervision of JSC EuroSibEnergo, a company which is owned by En+. Accordingly, Xx. Xxxxxxx Xxxxxxxxx and Mr. Xxxxxxxx Xxxxxxxxxx did not vote on the Board resolution approving the New Repair Services Transportation Contract.

REASONS FOR AND BENEFITS OF THE TRANSACTION. The Directors consider New Transportation Contract has been entered into for the purpose of transportation. The Company considers that the transactions contemplated under the New Repair Services Transportation Contract is for the benefit of the Company, as the contractor services provided are required in the production process of the Group and the service provider offered a competitive priceprice and are capable of meeting the Group’s transportation needs. The Directors (including the independent non-executive Directors) consider that the New Repair Services Transportation Contract has been negotiated on an arm’s length basis and is on normal commercial terms which are fair and reasonable and the transactions contemplated under the New Repair Services Transportation Contract are in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole. None of the Directors has a material interest in the transactions contemplated under the New Repair Services Transportation Contract, save for Xx. Xxxxxxx XxxxxxxxxXxxxxxxxxx Xxxxxxx, who is general director the chief operating officer of JSC EuroSibEnergoInternational limited liability company En+ Holding, a company which is owned by En+, and deputy general director CEO — financial director and deputy general director — operating director executive officer of En+; Moscow Branch of International limited liability company En+ Holding, and Mr. Xxxxxxxx Xxxxxxxxxx, who is the first deputy chief executive officer for technical policy and executive officer of International limited liability company En+ Holding, and deputy CEO — executive officer of En+, being the holding company of Limited Liability Company “EuroSibEnergo«KraMZ-Service Company”Auto». Mr. Xxxxxxxx Xxxxxxxxxx is also the head of technical supervision of JSC EuroSibEnergo, a company which is owned by En+. Accordingly, Xx. Xxxxxxxxxx Xxxxxxx Xxxxxxxxx and Mr. Xxxxxxxx Xxxxxxxxxx did not vote on the Board resolution approving the New Repair Services Transportation Contract.

REASONS FOR AND BENEFITS OF THE TRANSACTION. The Directors consider that the New Repair Services Contract is for the benefit of the Company, as the contractor offered a competitive price. The Directors (including the independent non-executive Directors) consider that the New Repair Services Contract has been negotiated on an arm’s length basis and on normal commercial terms which are fair and reasonable and the transactions contemplated under the New Repair Services Contract are in the ordinary and usual course of business of the Group and in the interests of the Company and its shareholders as a whole. None of the Directors has a material interest in the transactions contemplated under the New Repair Services Contract, save for Xx. Xxxxxxx XxxxxxxxxXxxxxxxxxx Xxxxxxx, who is general director the chief operating officer of JSC EuroSibEnergoInternational limited liability company En+ Holding, a company which is owned by En+, and deputy general director CEO — financial director and deputy general director — operating director executive officer of En+; Moscow Branch of International limited liability company En+ Holding, and Mr. Xxxxxxxx Xxxxxxxxxx, who is the first deputy chief executive officer for technical policy and executive officer of International limited liability company En+ Holding, and deputy CEO — executive officer of En+, being the holding company of Limited Liability Company JSC “EuroSibEnergo-Service CompanyBaikalenergo”. Mr. Xxxxxxxx Xxxxxxxxxx is also the head of technical supervision of JSC EuroSibEnergo, a company which is owned by En+. Accordingly, Xx. Xxxxxxxxxx Xxxxxxx Xxxxxxxxx and Mr. Xxxxxxxx Xxxxxxxxxx did not vote on the Board resolution approving the New Repair Services Contract.