36. Events subsequent to the reporting date

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In January 2013, the Board of Directors established the Company’s Management Board and elected its members. Changes to the management structure of the Company by way of creation of a Management Board were approved by the meeting of shareholders in December 2012.

In January 2013, the Group obtained insurance policy for property, plant and equipment of major production subsidiaries for the aggregated amount of USD 10,008 million and for business interruption for the aggregated amount of USD 2,198 million. Such insurance policy has not been in place in prior periods. In February 2013, the Company’s SPV issued USD 500 million 5-year Eurobond with a coupon rate of 4.204%, which is listed on the Irish Stock Exchange.

In April 2013, the Board of Directors proposed payment of dividends of RUB 19.9 per ordinary share to shareholders included in the register of shareholders as of 22 April 2013.