Power Machines informs about change of the Company’s business legal structure

In accordance with provisions of the Civil Code of the Russian Federation introduced by Federal Law No. 99-FZ as of 05.05.2014 "On introduction of alterations into Chapter 4 Part One of the Civil Code of the Russian Federation and on recognition of invalidity of particular provisions of the legal acts of the Russian Federation", and based on the decision of the Annual General Meeting of Shareholders dated 28.06.2016, July 21, 2016 Open Joint Stock Company (OJSC) Power Machines was renamed into Public Joint- Stock Company "Power Machines – ZTL, LMZ, Electrosila, Energomachexport" (abbreviated name is PJSC “Power Machines”).

In connection with renaming the company’s seals, stamps, letterhead have been changed. Other details including the bank – OGRN, INN, KPP code have remained unchanged. Change of the name of the company’s business legal structure does not require introduction of changes into the title establishing and other documents containing its former name. In this regard, all the power of attorneys, contracts and other documents previously issued (or signed) by OJSC Power Machines to its representatives shall remain valid until expiry of the specified period of validity.