Energia s. P. Korolev Rocket and Space Corporation Energia

ON CORPORATION ACTIVITIES

Corporation background

RSC Energia is the leading Russian rocket-space enterprise which builds both manned and unmanned space systems, launch vehicles and orbit-to-orbit transportation vehicles, as well as different high-technology systems for non-space applications. Also the Corporation is the key organization engaged in utilization of the International Space Station Russian Segment.

Major areas of the Corporation activities are: research and development in the field of natural and technical sciences; development, manufacture, ensured operational use of manned, unmanned space and rocket systems; development of weapons and military equipment.

Full firm’s name:	Открытое акционерное общество «Ракетно-космическая корпорация «Энергия» имени С.П. Королёва»
Shortened firm’s name:	ОАО «РКК «Энергия»
Full firm’s name in English:	«S.P. Korolev Rocket and Space Public Corporation Energia»
Shortened firm’s name in English:	RSC Energia
Date of incorporation and number of State Registration Certificate:	06.06.1994 No. 1430
State agency for registering legal entities:	Municipal Administration of Kaliningrad city, Moscow Region
Main State Registration Number (MSRN)	1025002032538 of 21.10.2002 registered by Interdistrict Inspectorate of Federal Taxation Service No.2, Moscow Region
Certificate of its being entered in the United State Register of Legal Entities	Series 50 No.02516454 Issued by Inter district Inspectorate of Federal Taxation Service No.2, Moscow Region
Taxpayer Identification Number:	5018033937
Place of business and mailing address:	4A Lenin Street, Korolev city, Moscow Region, 141070 Russia
Contact phone:	[phone]
Fax:	[phone], [phone]
Press service	[phone]
Corporation e-mail	[e-mail]
Corporation web site:	www.energia.ru
Web site for disclosing information on the internet:	http://www.e-disclosure.ru/portal/company.aspx?id=1615

Corporation structure (its participation in subsidiary and affiliated companies) RSC Energia MAJOR AREAS OF ACTIVITIES Manned Space Systems Development and operation of the ISS Russian Segment Manufacturing, launching, docking with the ISS and returning from it to Earth manned and logistics spacecraft R&D to develop advanced manned transportation systems, space infrastructure and carry out manned missions to various areas of the near-Earth space and solar system Unmanned Space Systems Using the multipurpose satellite bus as a basis for developing unmanned spacecraft and space systems for various applications, including satellite communications and Earth remote sensing Launch Vehicles Manufacturing upper stages to launch unmanned spacecraft under government and commercial contracts, including GLONASS satellites Development of engineering proposals on the new-generation space launcher systems. Subsidiary and Affiliated Companies by areas of activities (RSC Energia share in chartered capital) ZAO ZEM RSC Energia (100%) OAO Consortium Space Regata (30%) OOO Energia SAT (51%) ZAO Energia-Telecom (50.1%) OAO Gazprom Space Systems (16.16%) ZAO ZEM RSC Energia (100%) ZAO VKB RSC Energia (100%) Major customers Federal Space Agency (Roscosmos) US space agency (NASA) European space agency (ESA) Space Agencies of other countries Government customer Foreign customers Federal Space Agency (Roscosmos) Government customer International company Sea Launch

As of December 31, 2014 the structure of RSC Energia contains within it the following subsidiaries: 11 subsidiaries where the Corporation’s share in the charter capital ranges from 50 percent + 1 share to 100 percent, 2 subsidiaries where the share is 20 to 50 percent, 7 subsidiaries where the share is 2 to 20 percent.

Appendices 8, 9, 10 and  11 to the Annual Report provide detailed information about subsidiary and affiliated companies, as well as other organizations with RSC Energia participation

Information about purchase and sale contracts for participating interests, equities, shares of business partnerships and companies concluded by the Corporation in 2014

In 2014 the Corporation ended its participation in the following companies: AO «RKK Baikonur», ZAO «Astrasystems» and OOO NTP «Energia – Astro».

The Corporate Board of Directors (minutes of the meeting No.12 dated 17.06.2014) approved the details of the transaction to carve out shares of AO «RKK Baikonur» (formerly named AO KRISP «Aelita»). The block of shares belonging to RSC Energia (49.5%) has been sold (agreement of sale and purchase No.80/127-14 dated 21.08.2014), the money has arrived in the Corporation’s account.

ZAO «Astrasystems» (the Corporation share in the charter capital of the company was 25.2%) was liquidated by the Resolution of Inter-District Inspectorate of Federal Tax Service No.46 for Moscow as a result of cessation of business, the date of the entry in the Official Single Register of Legal Entities - 17.11.2014.

OOO NTP «Energia-Astro» (the Corporation share in the charter capital of the company was 14.28%) was liquidated by the resolution of the general meeting of stockholders (minutes of the meeting No.1/03-14 dated 28.04.2014), the date of the entry in the Official Single Register of Legal Entities - 21.08.2014.

In 2014 the size of the charter capital of OOO «Energia SAT» was increased to 80 million rubles with the proportionate increase in the nominal value of participant’s shares. The percentage share of the Corporation has not changed and is 51%. The position of RSC Energia on the increase of the OOO «Energia SAT» charter capital has been coordinated with the Corporation Board of Directors (minutes of the meeting No.14 dated 28.06.2013), the date of the entry in the Official Single Register of Legal Entities - 23.05.2014.

Information about building holding (integrated) structure

In order to improve the Russian Federation rocket-space industry organizations management system, in 2013 it was decided to establish open joint-stock company entitled “the United Rocket-Space Corporation” (OAO URSC) whose shares (100%) are in federal ownership (Decree of the RF President No. 874 “On Rocket-Space Industry Management System” dated 02.12.2013). Open Joint-Stock Company “United Rocket-Space Corporation” is registered with Unified State Register of Legal Entities in March 2014.

OAO URSC will include organizations the shares of which are owned by the Russian Federation, including 10 integrated structures (consisting of 48 organizations) and 14 individual enterprises of Russian rocket and space industry, including RSC Energia. The process of forming OAO URSC is scheduled to be completed within two years.

The Russian Federation Government Direction No. 114-r dated 03.02.2014 has been issued which prescribes making a contribution to the charter capital of OAO URSC on the Russian Federation part by way of payment of additional shares being placed by this joint-stock company due to an increase in its charter capital accounted for by incoming shares from open joint-stock companies in Federal ownership in accordance with the approved list where RSC Energia can also be found. In September 2014, 38.22% of the Corporation shares were transferred to OAO URSC charter capital.

The following lines of activity are defined as high priorities for OAO URSC: provision of development, manufacture, testing, delivery, modernization, implementation, supervision of operational use, warranty service, services, repairs of rocket-space technology of dual, military, scientific and social-economic purpose for the benefit of state and other customers (including foreign customers) and giving services in the field of space activities, as well as pursuing common technical policy when building modern space technology, including centralized procurement of foreign-made electromechanical, electrical and electronic (EEE) parts and its optimized range.

By the Russian Federation Presidential Decree No. 275 dated 23.04.2014, OAO URSC was included in the List of strategic enterprises and joint-stock companies in accordance with the Russian Federation Presidential Decree No. 1009 dated 04.08.2004. RSC Energia was excluded from the List of strategic enterprises by the Russian Federation Presidential Decree No. 874 “On Rocket-Space Industry Management System dated 02.12.2013.