External control and audit

Auditor of statements according to international standards

The auditor of the Company’s consolidated financial statements in accordance with IFRS is Ernst & Young.

Auditor of statements according to Russian accounting standards

In accordance with Order No. 1370-r of the Russian Government dated 30 June 2016, BDO Unicon was approved as the auditor of the accounting (financial) statements of Russian Railways for 2016 according to Russian Accounting Standards.

The amount of annual remuneration for BDO Unicon under the Contract dated 1 July 2016 is RUB 29,950,000, including VAT of RUB 4,568,644.