MESSAGE on acceptance by JSC "KARBONAT" of the recommendations on Corporate Governance Code in their activities

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JSC “KARBONAT” hereby informs that by decision of General Meeting of Shareholders dated June 22, 2016 under No. 1, the company has assumed an obligation, starting from June 22, 2016, to comply with Corporate Governance Code, approved by meeting minutes of Commission on increasing the efficiency of joint-stock companies and improving the corporate governance system dated December 31, 2015 under No. 9.

If it is impossible to comply with certain recommendations of the Code, the company discloses in detail a reasons for it, following international principle “comply or explain” (“comply or explain”).