Evropeyskaya Elektrotekhnica gains wider access to the opportunities of the Moscow innovative ecosystem

Evropeyskaya Elektrotekhnica gains wider access to the opportunities of the Moscow innovative ecosystem

May 13, 2020. Moscow — Evropeyskaya Elektrotekhnica LLC became a member of the Moscow Innovation Cluster (MIC).

The Moscow Innovation Cluster is one of the projects by the capital government. This platform was created in order to develop innovation and cooperation among businesses, industries, science and the city. The main goal of the Cluster is to establish an innovative ecosystem for constructing successful business, as well as to develop platforms for an unimpaired growth of innovation projects.

Evropeyskaya Elektrotekhnica LLC is part of Evropeyskaya Elektrotekhnica Group of Companies, a leading company in the Russian engineering market. The Company's activities:

• Manufacturing a number of electrical equipment types:

  – Complete transformer substations;

  – Medium voltage units;

  – Low voltage panels of up to 6,300 A;

  – Electric lighting systems;

  – Industrial electric heating systems.

• Implementing investment project "Developing and producing high-tech low-voltage complex devices" at SEZ Technopolis Moscow.

Mikhail Baskov, General Director of Evropeyskaya Elektrotekhnica LLC, commented on this event: "We expect that, after becoming a member of the Moscow Innovation Cluster, our Company will find new business partners to implement collaborative high-tech projects. We are also quite interested in the tool set and support available to the Cluster members. This will be a great improvement for all directions of our activities — operational, investment and financial."

FOR REFERENCE:

The Moscow Innovation Cluster (the i.moscow portal) is a platform for implementing innovations and developing cooperation between large corporations, industries, SMEs, educational and science organizations, development centers and the city. The Cluster is supervised by the Moscow Department of Entrepreneurship and Innovative Development. The members include the Skolkovo Innovation Center, Research Center Kurchatov Institute, Rusnano Corporation, Strogino and Slava Technoparks and many others.

MIC comprises over 2,500 members (as of May 20, 2020).

Members are provided with leased rooms for testing products, assisted in searching for collaborative development partners. In addition, annual investments to the projects in the amount of 15% of the total sum are reimbursed.

As of May 2020, Moscow is the only metropolis in the world that implemented its own large-scale program for supporting business in addition to the federal one at the background of the coronavirus pandemic and enterprises' forcing to close (according to the international consulting company Ernst&Young). This program is comprised of three sets of support measures which are aimed at helping certain categories of affected companies to overcome the challenging times and promoting business recovery after the lifting of lockdown measures.

About Evropeyskaya Elektrotekhnica Group of Companies

• Evropeyskaya Elektrotekhnica Group of Companies (MOEX: EELT) offers comprehensive solutions in the field of engineering and technological systems for industrial, construction and infrastructural purposes: low and medium voltage distribution equipment, low current systems, lighting systems, industrial electric heating systems and equipment for the Oil&Gas and petrochemical industries.

• As a Russian joint-stock company with high corporate governance standards and financial sustainability, the Company's Mission is to improve people's quality of life with its entrepreneurial vigour and engineering competencies.

• The Company was founded in 2004 and unites a distribution center, engineering departments, an electrical laboratory and specialized production facilities. The company is one of the largest electrical equipment distributors in the Russian Federation and an industrial partner of leading companies on the international engineering market.

• The Company's logistics capabilities include delivery (including non-standard and oversize load) to customers throughout Russia, including hard-to-reach Northern areas, as well as to Central Asia, North Africa and the Middle East.

• The Company has its own production of the following equipment:

• Complete transformer substations;

• Medium voltage units;

• Low voltage panels of up to 6,300A (including metro solutions);

• Electric lighting systems;

• Industrial electric heating systems;

• Cabling and wiring products.

• Areas of application of the Company's competences:

• Oil&Gas industry;

• Electric power sector;

• Peaceful atom,

• Steel and mining industry;

• Engineering;

• Transport infrastructure, water supply and sanitation.

• Evropeyskaya Elektrotekhnica's customers include major Russian companies: Rosneft, Gazprom, NOVATEK, LUKOIL, Sibur and Nizhnekamskneftekhim. Supplies were successfully implemented for the following projects: Power of Siberia, Yamal LNG, Smolensk NPP, Data Center of Sberbank of Russia, the Domodedovo, Sheremetyevo, and Pulkovo Airports, etc.

• New areas of Company activity starting from 2018 include development and production of the following:

• Modular equipment for the Oil&Gas and petrochemical industries (Company subsidiary ROG-Engineering, Ufa, Republic of Bashkortostan, Russian Federation);

• Industrial specialized solutions for metro substations (currently being consolidated into the Group's structure: Metrotonnel, Moscow, Russian Federation);

• Industrial electric heating systems.

• Key financial indicators of PJSC Evropeyskaya Elektrotekhnica (IFRS):

The personnel headcount is around 350 people. Since September 2017, common shares of PJSC Evropeyskaya Elektrotekhnica are traded on the Moscow Exchange with trading code EELT.

In June 2018, the company was named Import Substitution Leader at the Leader of Competitive Sales annual national awards, in which 450 domestic suppliers from various industries took part.

Contacts:

PJSC Evropeyskaya Elektrotekhnica

Tel.: +7 (800) 600-71-18

Mailing address: 1 Lyotchika Babushkina Street, Building 3, Moscow, 129344

For more information, please contact:

Stanislav Martyushev

Director for Corporate Communications and Investor Relations

PJSC Evropeyskaya Elektrotekhnica

Tel. +7 (495) 660-71-18 ext. 164

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