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About Report

This 2016 Annual Report (the “Report”) has been prepared by Public Joint Stock Company Aeroflot – Russian Airlines (“PJSC Aeroflot”, “Aeroflot airline”, or the “Company”).

“Aeroflot Group” or the “Group” refer to PJSC Aeroflot and its subsidiaries.

Other annual reports of the Company are available on its website in the Shareholders and Investors section at http://ir.aeroflot.com/shareholders-and-investors/.

This Report discloses information on the implementation of the Group’s long-term and medium-term strategy in 2016, presents the Group’s operating and financial results, and describes the Group’s corporate governance system. This Report has a particular focus on the Group’s corporate social responsibility activities.

This Report has been prepared based on PJSC Aeroflot’s management reports and in line with PJSC Aeroflot’s consolidated IFRS financial statements for 2016. It also incorporates elements of the GRI G4 Sustainability Reporting Guidelines.

PJSC Aeroflot’s consolidated IFRS financial statements for 2016 were audited by AO PricewaterhouseCoopers Audit.

This Report has been prepared based on the information available to the Company and the Group as at the time when this Report was prepared, including information obtained from third parties. The Company reasonably believes that this information is complete and accurate as at the publication date of this Report; however, it does not make any representation or warranty that this information will not be updated, revised, or otherwise amended in the future.

This Report includes estimates or forward-looking statements related to operating, financial, economic, social and other measures that can be used to assess the performance of PJSC Aeroflot and Aeroflot Group. The Company does not make any representation or warranty that the results anticipated by such forwardlooking statements will be achieved. The Company shall not be liable to any individual or legal entity for any loss or damage which may arise from their reliance on such forward-looking statements.

PJSC Aeroflot’s Annual Report was pre-approved
by the Board of Directors
(Minutes No. 15 dated 25 May 2017)

PJSC Aeroflot’s Annual Report was approved
by the Annual General Meeting
(Minutes No. 40 dated 28 June 2017)