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

REASONS FOR AND BENEFITS OF THE TRANSACTION. The New Transportation Contract has been entered into for the purpose of transportation. The Company considers that the transactions contemplated under the New Transportation Contract is for the benefit of the Company, as the services provided are required in the production process of the Group and the service provider offered a competitive price and are capable of meeting the Group’s transportation needs. The Directors (including the independent non-executive Directors) consider that the New Transportation Contract is on normal commercial terms which are fair and reasonable and the transactions contemplated under the New 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 Transportation Contract, save for Xx. Xxxxxxxxxx Xxxxxxx, who is the chief operating officer of International limited liability company En+ Holding, a company which is owned by En+, and deputy CEO — executive officer of 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 «KraMZ-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 and Mr. Xxxxxxxx Xxxxxxxxxx did not vote on the Board resolution approving the New Transportation Contract.

REASONS FOR AND BENEFITS OF THE TRANSACTION. The New Transportation Contract has been entered into for the purpose of transportation. The Company considers Directors consider that the transactions contemplated under the New Transportation Repair Services Contract is for the benefit of the Company, as the services provided are required in the production process of the Group and the service provider contractor offered a competitive price and are capable of meeting the Group’s transportation needsprice. The Directors (including the independent non-executive Directors) consider that the New Transportation Repair Services Contract is 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 Transportation 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 Transportation Repair Services Contract, save for Xx. Xxxxxxxxxx XxxxxxxXxxxxxx Xxxxxxxxx, who is the chief operating officer general director of International limited liability company En+ HoldingJSC EuroSibEnergo, a company which is owned by En+, and deputy CEO general director — executive officer financial director and deputy general director — operating director of Moscow Branch of International limited liability company En+ Holding, 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 «KraMZ“EuroSibEnergo-Auto»Service Company”. 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 Transportation Repair Services Contract.

REASONS FOR AND BENEFITS OF THE TRANSACTION. The New Transportation Contract has been entered into for the purpose of transportation. The Company considers that the transactions contemplated under the New Transportation Contract is are for the benefit of the Company, as the services provided are required in the production process of the Group and the service provider offered a competitive price and are capable of meeting the Group’s transportation needs. The Directors (including the independent non-executive Directors) consider that the New Transportation Contract is on normal commercial terms which are fair and reasonable and the transactions contemplated under the New 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 Transportation Contract, save for Xx. Xxxxxxxxxx XxxxxxxXxxxxxx Xxxxxxxxx, who is the chief operating officer general director of International limited liability company En+ HoldingJSC EuroSibEnergo, a company which is owned by En+, and deputy CEO general director — executive officer financial director of Moscow Branch of International limited liability company En+ Holding, 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 «KraMZ-Auto»Auto LLC. 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 Transportation Contract.

REASONS FOR AND BENEFITS OF THE TRANSACTION. The New Transportation Contract has been entered into for the purpose of transportation. The Company considers Directors consider that the transactions contemplated under the New Transportation Repair Services Contract is for the benefit of the Company, as the services provided are required in the production process of the Group and the service provider contractor offered a competitive price and are capable of meeting the Group’s transportation needsprice. The Directors (including the independent non-executive Directors) consider that the New Transportation Repair Services Contract is 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 Transportation 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 Transportation Repair Services Contract, save for Xx. Xxxxxxxxxx Xxxxxxx, who is the chief operating officer of International limited liability company En+ Holding, a company which is owned by En+, and deputy CEO — executive officer of 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 «KraMZ-Auto»JSC “Baikalenergo”. Mr. Xxxxxxxx Xxxxxxxxxx is also the head of technical supervision of JSC EuroSibEnergo, a company which is owned by En+. Accordingly, Xx. Xxxxxxxxxx Xxxxxxx and Mr. Xxxxxxxx Xxxxxxxxxx did not vote on the Board resolution approving the New Transportation Repair Services Contract.