Non-State Pension Fund Gazfond entered into an agreement to acquire 99.75% stake in NPF Almaznaya Osen from Public Joint Stock Company ALROSA (MISX:ALRS) on March 26, 2020. NPF Almaznaya Osen was acquired via auction. Following the acquisition, ALROSA will continue to have representatives in the Board of Directors of NPF Almaznaya Osen. The sale of ALROSA’s shares in Almaznaya Osen will not affect the Fund’s obligations to its clients. After the change of ownership, all mandatory pension insurance and non-state pension provision agreements according to law stay in place. The acquisition is subject to the approval of the Federal Antimonopoly service of Russia. ALROSA Board approved the sale on March 26, 2020. Non-State Pension Fund Gazfond completed the acquisition of 99.75% stake in NPF Almaznaya Osen from Public Joint Stock Company ALROSA (MISX:ALRS) on July 20, 2020. After the transaction close, the shareholders entered into a shareholder agreement. It imposes three year ban on NPF Almaznaya Osen's takeover or affiliation without all shareholders’ approval, and the right of a shareholder owning the remaining 0.25% of shares in the Fund to participate in the work of the Board of Directors of NPF Almaznaya Osen. Upon the expiration of the specified period, the major shareholder will buy out the remaining shares and become the sole shareholder of NPF Almaznaya Osen.