The Investment Committee of TVEL JSC (further "the Committee") is a permanent collegiate advisory board that acts under the guidance of the Chairman of the Committee and follows the principles of the investment policy of ROSATOM and its organizations.

Primary objective of the Committee is to reach common agreement on the following:

• investment priorities for implementation of the Business strategy of ROSATOM and TVEL Fuel Company;
• composition, structure, parameters of investment projects portfolio of TVEL Fuel Company (further "the Portfolio") and amendments thereto;
• solutions contributing to implementation of the project of TVEL Fuel Company and achievement of the expected results;
• control over implementation of the Portfolio components of TVEL Fuel Company at each stage of their life cycle, preventive and corrective actions.

Investment control mechanisms include:

• Collective investment decisions depending on the Portfolio yield and its strategic importance taken by the Investment Committee of TVEL JSC or Investment Committee of ROSATOM State Corporation; concerning the components of Portfolio of new businesses development aimed at creation of new product/service and/or new markets entry, - at the meeting of the Council for Development and Globalization of ROSATOM within the yearly investment limit set by the Strategic Council of ROSATOM (unless otherwise required by the decision of the Strategic Council of ROSATOM State Corporation);
• Optimal Portfolio budgeting, annual preparation and updating of the business-plan that determines the mid- and long-term prospects of investment activities of subsidiary companies of TVEL Fuel Company, with subsequent approval by the Investment Committee of TVEL JSC;
• "Phase gate" approach in Portfolio components management;
• Certification of the Portfolio components, including elaboration and description of the current state, feasibility studies and implementation plans;
• Technical and economical audit of the implemented components of the Portfolio.

Results 2017

In 2017, the Committee held 32 meetings. Amount of financing of the Portfolio components of the Fuel Company made RUB 26.514 mln, which is in line with the level of the previous year. Amount of financing of the Portfolio of TVEL Fuel Company tends to yearly fluctuations, it depends on combination of different stages of life cycle of the Portfolio components marketable at the same time (more than 200).

Funding of industrial and technological base of primary production accounts for the biggest share in overall investment outlay.