External audit system

Selection of the external auditor

The Group’s external auditor is approved by the Annual General Meeting of Shareholders. In 2024, the General Meeting of Shareholders approved Intercom‑Audit LLC as an external auditor of the annual RAS financial statements. As the Group prepares consolidated IFRS financial statements, Kept JSC was chosen through a competitive process as the external auditor for these statements.

Rusagro Group PJSC page on the Corporate Information Disclosure Centre website

Criteria for determining the independence of the external auditor

The independence and objectivity of external auditors are key factors in ensuring the reliability and reliability of the Company’s financial statements.With these critical aspects in place, auditors can provide a fair and unbiased opinion, which strengthens the trust of investors, regulators and other stakeholders. Without these features, audits may be affected, putting the integrity and transparency of financial data at risk.

List of external auditor’s services and remuneration

The Audit Committee of the Group’s Board determines the list of the external auditor’s services in accordance with the Regulations on the Audit Committee. The remuneration of the external auditor is determined at the Annual General Meeting of Shareholders of the year for which the accounts are audited and at which the opinion and recommendations of the Audit Committee are taken into account.