This Annual Report presents data on operations of Public Joint Stock Company Aeroflot – Russian Airlines (“PJSC Aeroflot”, “Aeroflot airline”, or the “Company”) from 1 January 2017 through 31 December 2017. “Aeroflot Group” or the “Group” refer to PJSC Aeroflot and its controlled entities.

The Annual Report is published every year in Russian and English languages. For easy navigation, the Annual Report is made available in electronic and interactive formats. The 2016 Annual Report was published in May 2017.

Other annual reports of the Company are available on its official website in the Shareholders and Investors section at http://ir.aeroflot.ru/.

This Report discloses the Group’s financial and operating results, the progress of the long-term and medium-term strategies in 2017, and describes the Group’s corporate governance system. This Report has a particular focus on the Group’s corporate social responsibility.

This Report has been prepared based on PJSC Aeroflot’s management reports and in line with PJSC Aeroflot’s consolidated IFRS financial statements for 2017. The sustainable development section of the Report was prepared based on the GRI Sustainability Reporting Standards (GRI SRS).

PJSC Aeroflot’s consolidated IFRS financial statements for 2017 were audited by PricewaterhouseCoopers Audit.

In this Annual Report, unless otherwise stated, performance figures pertain to PJSC Aeroflot and its subsidiaries. Immaterial deviations in numbers in the charts and tables subtotals of this Annual Report are due to rounding. The scope and wordings of performance indicators in this Report do not have any material difference from previous reports.

Disclaimer on Forward-Looking Statements

This Report has been prepared based on the information available to the Company as at the time of reporting, 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 metrics 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 forward-looking 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 approved by the Annual General Meeting of
Shareholders on 25 June 2018 (Minutes No. 42 dated 26 June 2018).