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Russian Aquaculture

Russian Aquaculture

PJSC Russian Aquaculture is the managing company of the group leading in the segment of Atlantic salmon and trout production in Russia.

The key activities of the group managed by the Company include:

commercial farming of Atlantic salmon and sea trout in the Barents Sea in the Murmansk region;

commercial cultivation of trout in the lakes of the Republic of Karelia.

Aquaculture development is a strategic direction of the Company's activity.

Currently, the Company's group owns the rights to 39 salmon and trout farming sites. The total volume of potential cultivation in these areas is about 50 thousand tons of red fish.

The long-term development strategy of the Company involves the creation of the largest vertically integrated player in the aquaculture segment, including its own production of fry, primary processing and distribution of its own products.

The Board of Directors is a collegiate management body that carries out strategic management and general management of the Company's activities, with the exception of resolving issues referred by the legislation of the Russian Federation and the Charter of the Company to the competence of the General Meeting of Shareholders.

The main functions of the Company's Board of Directors include resolving issues of general strategic management of the Company's activities, determining priority areas for the Company's development, exercising control over the activities of the Company's executive bodies in the interests of the Company and its shareholders, and conducting an objective assessment of the Company's financial condition.

The quantitative composition of the Board of Directors of the Company is 9 people.

All members of the Board of Directors of the Company have significant managerial and industry experience, are reputable specialists in various fields, and make a valuable contribution to the work of the Board of Directors and its committees.

The composition of the Board of Directors of PJSC Russian Aquaculture is balanced in terms of taking into account the interests of all stakeholders and includes four independent directors who fully meet the independence criteria of the Corporate Governance Code of the Bank of Russia and the Listing Rules of PJSC Moscow Exchange.

The current composition of the Board of Directors was elected by the annual General Meeting of Shareholders of the Company on June 30, 2021.



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