This annual report by JSC Lenenergo for 2013 (hereinafter the Annual Report) has been prepared using information available to the Company at the time of its drafting.

This Annual Report contains information on the Company’s performance in 2013 and estimations or current expectations of the authorized governing bodies of the Company which relate to future events and/ or actions, growth prospects of the core branch in which JSC Lenenergo operates, Company’s plans, probability of certain events and expected actions.

Investors shall not exclusively rely on estimations and projections made by the Company’s governing bodies, since they are not the only scenario, and actual performance of the Company may differ from estimated results for a variety of reasons.

Some statements given in this Annual Report are not historical facts, but forward-looking statements.

Such words as “plans”, “expects”, “estimates”, “considers”, “will make”, “will happen” and the like are forecasting statements, and carry the risk that the events and activities expressed or implied by these forward-looking statements might not come to pass.

The principal risks that are considered in the tactical and strategic planning of the Company’s activities and that may affect the business of JSC Lenenergo are: changes in the parameters of tariff regulation imposed by state authorities for the services rendered by the Company; actions of state authorities with respect to the Company; amendments to tax legislation; risks associated with legal actions against JSC Lenenergo, etc. The specified list of essential risks is not exhaustive.