Approved “ 30 ” October 20 08 Registered “ ” 20 The State Registration Number

1 - 0 1 - 6 5 0 1 8 - D - - - - - by the Board of Directors of JSC FGC UES (indicate the authority of the issuer that approved the (indicate the State registration number assigned to the issue (the additional Prospectus of issue of securities) issue) of securities) Minutes № 71 FSFM of Russia Dated “ 01 ” November 20 08 (Name of the registering authority)

(Position and signature of an authorized person of the registering authority) Seal of the registering authority

PROSPECTUS OF ISSUE OF SECURITIES

Open Joint Stock Company “Federal Grid Company of the Unified Energy System” (full name of the company)

ordinary registered uncertified stock (class, category (type), form of securities and their other identification characteristics) in the amount of 146,500,000,000 (one hundred forty six billion and five hundred million) shares with nominal value of RUR 0.50 (fifty kopeks) each (nominal value (if available) and number of securities, for bonds and option of an issuer, maturity terms should be specified as well)

www.fsk-ees.ru (Web-site used by an issuer for disclosures)

Information contained in the present prospectus of issue of securities is subject to disclosure in accordance with the Russian Federation laws on securities.

THE REGISTERING AUTHORITY MAY NOT IN ANY WAY BE HELD RESPONSIBLE FOR THE ACTUALITY OF INFORMATION CONTAINED IN THE PRESENT PROSPECTUS, AND REGISTRATION OF THE SAID CIRCULAR MAY NOT BE HELD A DECLARATION OF ANY ATTITUDE TOWARDS THE SECURITIES ISSUED.

This is to confirm the credibility of 2005, 2006 and 2007 financial (accounting) statements of the issuer and compliance of the issuer’s procedure of accounting with the legislation of the Russian Federation. Other information about financial position of the issuer contained in sections III, IV, V and VIII of the present prospectus was reviewed for its compliance in all material aspects with information of the audited 2005, 2006 and 2007 financial (accounting) statements.

The full trade name of the auditor: Closed joint stock company “PricewaterhouseCoopers Audit”.

Director Closed joint stock company “PricewaterhouseCoopers Audit” acting on the basis of the Power of attorney P-07079-1008-zao dated 17.10.2008 ______Franc-J. Kazer Date «____» ______2008 stamp here

Chairman of the Management Board JSC FGC UES ______A.N. Rappoport Date «____» ______2008

Chief accountant JSC FGC UES ______V.V. Schukin Date «____» ______2008 stamp here

This is to confirm that for the purposes of setting prices of securities offered by the company the appraiser will define their market value and prepare the appropriate report on appraisal.

Appraiser: Kushlyanskiy Oleg Aleksandrovich, who concluded employment contract with CJSC ENPI Consult ______O.A. Kushlyanskiy

Date «____» ______2008

Appraiser: Esina Galina Anatolievna, who concluded employment contract with CJSC ENPI Consult ______G.A. Esina

Date «____» ______2008

Appraiser: Sarkisyan Akop Gurgenovich, who concluded employment contract with LLC Ernst and Young – Valuation consulting ______A.G. Sarkisyan

Date «____» ______2008

Appraiser: Sorokin Nikolay Vasilieevich, who concluded employment contract with LLC Ernst and Young – Valuation consulting ______N.V. Sorokin

Date «____» ______2008

Table of content INTRODUCTION ...... 8 I. SUMMARY INFORMATION ABOUT PERSONS FORMING MANAGEMENT BODIES OF THE ISSUER, INFORMATION ABOUT BANK ACCOUNTS, ABOUT THE AUDITOR, THE APPRAISER AND THE FINANCIAL ADVISER OF THE ISSUER AS WELL AS ABOUT OTHER PERSONS WHO SIGNED THE PROSPECTUS...... 10 1.1. PERSONS FORMING MANAGEMENT BODIES OF THE ISSUER ...... 10 1.2. INFORMATION ABOUT BANK ACCOUNTS OF THE ISSUER...... 12 1.3. INFORMATION ABOUT THE AUDITOR (AUDITOR) OF THE ISSUER ...... 13 1.4. INFORMATION ABOUT APPRAISER OF THE ISSUER...... 15 1.5. INFORMATION ABOUT ADVISERS OF THE ISSUER...... 15 1.6. INFORMATION ABOUT OTHER PERSONS WHO HAVE SIGNED THE PROSPECTUS ON ISSUE OF SECURITIES ...... 17 II. SUMMARY INFORMATION ABOUT VOLUME, TERMS, PROCEDURE AND CONDITIONS OF PLACEMENT OF EVERY CLASS, CATEGORY (TYPE) OF THE SECURITIES ISSUED ...... 18 2.1. CLASS, CATEGORY (TYPE) AND FORM OF SECURITIES ISSUED ...... 18 2.2. NOMINAL VALUE OF EACH CLASS, CATEGORY (TYPE), SERIES OF THE SECURITIES ISSUED ...... 18 2.3. PLANNED VOLUME OF THE ISSUE IN MONETARY TERMS AND THE AMOUNT OF SECURITIES ISSUED THAT ARE PLANNED FOR PLACEMENT ...... 18 2.4. OFFERING PRICE (PROCEDURE OF DETERMINING PRICE) OF SECURITIES ISSUED.18 2.5. PROCEDURE AND TERMS OF THE OFFERING OF SECURITIES ISSUED ...... 18 2.6. PROCEDURE AND TERMS OF PAYMENT OF THE ISSUED SECURITIES OFFERED...... 20 2.7. PROCEDURE AND TERMS OF CONCLUDING CONTRACTS IN THE COURSE OF THE ISSUED SECURITIES OFFERING...... 34 2.8. CIRCLE OF POTENTIAL BUYERS OF THE ISSUED SECURITIES OFFERED...... 37 2.9. PROCEDURE OF DISCLOSING INFORMATION ABOUT OFFERING AND RESULTS OF THE OFFERING OF THE ISSUED SECURITIES ...... 37 III. BASIC INFORMATION ABOUT FINANCIAL AND ECONOMIC POSITION OF THE ISSUER ...... 44 3.1. FINANCIAL AND ECONOMIC PERFORMANCE OF THE ISSUER ...... 44 3.2. MARKET CAPITALIZATION OF THE ISSUER ...... 45 3.3. OBLIGATIONS OF THE ISSUER ...... 45 3.3.1. ACCOUNTS PAYABLE...... 45 3.3.2. CREDIT HISTORY OF THE ISSUER...... 46 3.3.3. LIABILITIES OF THE ISSUER RESULTING FROM GUARANTEES PROVIDED TO THIRD PARTIES .47 3.3.4. OTHER LIABILITIES OF THE ISSUER...... 47 3.4. PURPOSES OF THE ISSUE AND PLANS FOR USING FUNDS RESULTING FROM THE ISSUING SECURITIES OFFERING...... 47 3.5. RISKS RELATED TO ACQUISITION OF THE ISSUING SECURITIES OFFERED ...... 47 3.5.1. INDUSTRY RISKS...... 48 3.5.2. SOVEREIGN AND REGIONAL RISKS...... 49 3.5.3. FINANCIAL RISKS ...... 50 3.5.4. LEGAL RISKS...... 52 3.5.5. RISKS RELATED TO THE ISSUER OPERATIONS...... 54 3.5.6. BANK EXPOSURE ...... 54 IV. DETAILED INFORMATION ABOUT THE ISSUER ...... 55 4.1. HISTORY OF ESTABLISHING AND DEVELOPMENT OF THE ISSUER ...... 55 4.1.1. FULL TRADE NAME OF THE ISSUER...... 55 4.1.2. INFORMATION ABOUT THE STATE REGISTRATION OF THE ISSUER...... 55 4.1.3. INFORMATION ABOUT ESTABLISHING AND DEVELOPMENT OF THE ISSUER...... 55 4.1.4. CONTACT INFORMATION ...... 56 4.1.5. TAXPAYER IDENTIFICATION NUMBER...... 56 4.1.6. BRANCHES AND REPRESENTATION OFFICES OF THE ISSUER...... 57 4.2. CORE ECONOMIC ACTIVITY OF THE ISSUER ...... 61 4.2.1. INDUSTRY CLASSIFICATION OF THE ISSUER...... 61 4.2.2. CORE ECONOMIC ACTIVITY OF THE ISSUER...... 61 4.2.3. MATERIALS, GOODS (SUPPLIES) AND SUPPLIERS OF THE ISSUER ...... 63 4.2.4. SALES MARKETS FOR THE ISSUER PRODUCTS (WORKS, SERVICES) ...... 63 4.2.5. INFORMATION ABOUT LICENSES HELD BY THE ISSUER ...... 63 4.2.6. JOINT ACTIVITY OF THE ISSUER ...... 64 4.2.7. ADDITIONAL REQUIREMENTS TO ISSUERS WHICH ARE JOINT STOCK INVESTMENT FUNDS, INSURANCE OR CREDIT ORGANIZATIONS, MORTGAGE AGENTS...... 64 4.2.8. ADDITIONAL REQUIREMENTS TO ISSUERS WHOSE CORE ACTIVITY IS MINERAL RESOURCES EXTRACTION...... 64 4.2.9. ADDITIONAL REQUIREMENTS TO ISSUERS WHOSE CORE ACTIVITY IS PROVISION OF COMMUNICATION SERVICES...... 64 4.3. PLANS OF THE ISSUER FUTURE ACTIVITY ...... 64 4.4. THE ISSUER PARTICIPATION IN INDUSTRIAL, BANKING AND FINANCIAL GROUPS, HOLDINGS, CONCERNS AND ASSOCIATIONS...... 66 4.5. SUBSIDIARY AND ASSOCIATED COMPANIES OF THE ISSUER...... 66 4.6. COMPOSITION, STRUCTURE AND VALUE OF THE ISSUER ASSETS, INFORMATION ABOUT ACQUISITION, REPLACEMENT, DISPOSAL OF ASSETS AS WELL AS INFORMATION ABOUT ENCUMBRANCE OF THE ISSUER ASSETS...... 95 4.6.1. FIXED ASSETS...... 95 V. INFORMATION ABOUT FINANCIAL AND ECONOMIC ACTIVITIES OF THE ISSUER...... 99 5.1. RESULTS OF FINANCIAL AND ECONOMIC ACTIVITIES OF THE ISSUER ...... 99 5.1.1. PROFIT AND LOSSES ...... 99 5.1.2. FACTORS IMPACTED CHANGES OF THE ISSUER SALES FROM GOODS, PRODUCTS, WORKS, SERVICES AND PROFIT (LOSSES) FROM CORE ACTIVITY...... 100 5.2. THE ISSUER LIQUIDITY, CAPITAL AND WORKING CAPITAL ADEQUACY...... 100 5.3. THE AMOUNT AND STRUCTURE OF EQUITY AND WORKING CAPITAL OF THE ISSUER...... 101 5.3.1. THE AMOUNT AND STRUCTURE OF EQUITY AND WORKING CAPITAL OF THE ISSUER ...... 101 5.3.2. FINANCIAL INVESTMENTS OF THE ISSUER...... 103 5.3.3. INTANGIBLE ASSETS OF THE ISSUER ...... 103 5.4. INFORMATION ABOUT THE POLICY AND EXPENDITURES OF THE ISSUER FOR SCIENTIFIC AND TECHNOLOGICAL DEVELOPMENT, LICENSES AND PATENTS, NEW DEVELOPMENTS AND STUDIES...... 106 5.5. ANALYSIS OF TRENDS IN CORE ACTIVITY OF THE ISSUER ...... 122 5.5.1. ANALYSIS OF FACTORS AND CONDITIONS AFFECTING THE ISSUER OPERATIONS ...... 124 5.5.2. COMPETITORS OF THE ISSUER...... 125 VI. DETAILED INFORMATION ABOUT PERSONS COMPRISING MANAGEMENT BODIES OF THE ISSUER, ITS BODIES TO CONTROL THE ISSUER FINANCIAL AND ECONOMIC ACTIVITY AND BRIEF INFORMATION ABOUT EMPLOYEES OF THE ISSUER...... 126 6.1. INFORMATION ABOUT THE STRUCTURE AND COMPETENCE OF THE MANAGEMENT BODIES OF THE ISSUER...... 126 6.2. INFORMATION ABOUT PERSONS FORMING THE MANAGEMENT BODIES OF THE ISSUER...... 131 6.3. INFORMATION ABOUT REMUNERATION, BENEFITS AND/OR COMPENSATION OF EXPENSES BY EVERY MANAGEMENT BODY OF THE ISSUER...... 149 6.4. INFORMATION ABOUT THE STRUCTURE AND COMPETENCE OF THE BODIES TO CONTROL FINANCIAL AND ECONOMIC ACTIVITY OF THE ISSUER ...... 150 6.5. INFORMATION ABOUT PERSONS FORMING THE CONTROL BODY OVER FINANCIAL AND ECONOMIC ACTIVITY OF THE ISSUER...... 151 6.6. INFORMATION ABOUT REMUNERATION, BENEFITS AND/OR COMPENSATION OF EXPENSES FOR THE CONTROL BODY OVER FINANCIAL AND ECONOMIC ACTIVITY OF THE ISSUER ...... 157 6.7. INFORMATION ABOUT HEADCOUNT AND SUMMARY INFORMATION ABOUT EDUCATION AND LABOR MIX OF THE ISSUER AS WELL AS CHANGES IN HEADCOUNT OF THE ISSUER ...... 157 6.8. INFORMATION ABOUT ANY EMPLOYEES’ COMMITMENT OF THE ISSUER RELATED TO THEIR ABILITY OF PARTICIPATING IN THE AUTHORIZED (RESERVE) CAPITAL (UNIT FUND) OF THE ISSUER...... 158 VII. INFORMATION ABOUT THE ISSUER’S PARTICIPANTS (SHAREHOLDERS) AND ABOUT RELATED PARTY TRANSACTIONS EXECUTED BY THE ISSUER...... 159 7.1. INFORMATION ABOUT TOTAL NUMBER OF SHAREHOLDERS (PARTICIPANTS) OF THE ISSUER ...... 159 7.2. INFORMATION ABOUT PARTICIPANTS (SHAREHOLDERS) OF THE ISSUER HAVING NOT LESS THAN 5 PER CENT OF ITS CHARTER (RESERVE) CAPITAL (SHARE FUND) OR NOT LESS THAN 5 PER CENT OF ITS ORDINARY SHARES, AS WELL AS INFORMATION ABOUT PARTICIPANTS (SHAREHOLDERS) OF SUCH ENTITIES HAVING NOT LESS THAN 20 PER CENT OF ITS CHARTER (RESERVE) CAPITAL (SHARE FUND) OR NOT LESS THAN 20 PER CENT OF THEIR ORDINARY SHARES ..159 7.3. INFORMATION ABOUT PARTICIPATION OF THE STATE OR MUNICIPAL FORMATION IN THE CHARTER (RESERVE) CAPITAL (SHARE FUND) OF THE ISSUER, SPECIAL RIGHT (“GOLDEN SHARE”)...... 160 7.4. INFORMATION ABOUT LIMITATIONS TO PARTICIPATE IN THE CHARTER (RESERVE) CAPITAL (SHARE FUND) OF THE ISSUER ...... 160 7.5. INFORMATION ABOUT CHANGES IN MEMBERSHIP AND AMOUNT OF PARTICIPATION OF SHAREHOLDERS (PARTICIPANTS) OF THE ISSUER OWNING NOT LESS THAN 5 PER CENT OF ITS CHARTER (RESERVE) CAPITAL (SHARE FUND) OR NOT LESS THAN 5 PER CENT ITS ORDINARY STOCK...... 160 7.6. INFORMATION ABOUT RELATED-PARTY TRANSACTIONS EXECUTED BY THE ISSUER...... 161 7.7. INFORMATION ABOUT THE AMOUNT OF ACCOUNTS RECEIVABLE ...... 164 VIII. ACCOUNTING REPORTS OF THE ISSUER AND OTHER FINANCIAL INFORMATION ...... 167 8.1. ANNUAL ACCOUNTING REPORTS OF THE ISSUER ...... 167 8.2. QUARTER ACCOUNTING REPORTS OF THE ISSUER FOR THE LAST COMPLETED REPORTING QUARTER ...... 167 8.3. CONSOLIDATED FINANCIAL STATEMENTS OF THE ISSUER PREPARED FOR THE 3 LAST COMPLETED FINANCIAL YEARS OR FOR EACH COMPLETED FINANCIAL YEAR...... 167 8.4. INFORMATION ABOUT ACCOUNTING POLICY OF THE ISSUER...... 168 8.5. INFORMATION ABOUT TOTAL AMOUNT OF EXPORT AND ALSO ABOUT PERCENTAGE OF EXPORT IN TOTAL SALES VOLUME...... 168 8.6. INFORMATION ABOUT THE ISSUER CAPITAL ASSETS AND SIGNIFICANT CHANGES IN CAPITAL ASSETS OF THE ISSUER AFTER THE END DATE OF THE LAST COMPLETED FINANCIAL YEAR ...... 168 8.7. INFORMATION ABOUT PARTICIPATION OF THE ISSUER IN LAW SUITS IN VASE OF SUCH PARTICIPATION CAN HAVE SIGNIFICANT IMPACTS OF FINANCIAL AND ECONOMIC ACTIVITY OF THE ISSUER...... 169 IX. DETAILED INFORMATION ABOUT PROCEDURE AND TERMS OF SECURITIES OFFERING...... 170 9.1. INFORMATION ABOUT SECURITIES OFFERED...... 170 9.1.1. GENERAL INFORMATION...... 170 9.1.2 ADDITIONAL INFORMATION ABOUT BONDS OFFERED...... 174 9.1.3. ADDITIONAL INFORMATION ABOUT CONVERTIBLE SECURITIES OFFERED...... 174 9.1.4. ADDITIONAL INFORMATION ABOUT OPTIONS OFFERED BY THE ISSUER...... 174 9.1.5. ADDITIONAL INFORMATION ABOUT BONDS WITH MORTGAGE PLEDGE OFFERED ...... 174 9.1.6. ADDITIONAL INFORMATION ABOUT RUSSIAN DEPOSITORY RECEIPTS OFFERED ...... 174 9.2. OFFERING PRICE (THE PROCEDURE OF DETERMINING PRICE) OF SECURITIES ISSUED...... 174 9.3. AVAILABILITY OF PRE-EMPTIVE RIGHTS TO PURCHASE ISSUED SECURITIES OFFERED...... 174 9.4. LIMITATIONS ON PURCHASE AND CIRCULATION OF SECURITIES OFFERED ...... 178 9.5. INFORMATION ABOUT TREND OF ISSUED SECURITIES PRICE MOVEMENT...... 178 9.6. INFORMATION ABOUT PERSONS WHICH RENDER SERVICES ON ORGANIZING PLACEMENT AND/OR ON PLACEMENT OF SECURITIES ...... 178 9.7. INFORMATION ABOUT POTENTIAL BUYERS OF ISSUE SECURITIES...... 178 9.8. INFORMATION ABOUT TRADE INSTITUTORS ON SECURITIES MARKET INCLUDING STOCK EXCHANGES WHERE ISSUE SECURITIES ARE PLANNED FOR PLACEMENT AND/OR CIRCULATION ...... 179 9.9. INFORMATION ABOUT POTENTIAL CHANGE OF STAKEHOLDERS SHARE IN THE AUTHORIZED CAPITAL OF THE ISSUER IN THE RESULT OF ISSUE SECURITIES OFFERING ...... 179 9.10. INFORMATION ABOUT EXPENSES RELATED TO THE ISSUE OF SECURITIES ...... 179 9.11. INFORMATION ABOUT METHOD AND PROCEDURE OF REPAYMENT OF AMOUNTS RECEIVED AS PAYMENT FOR ISSUE SECURITIES OFFERED IN CASE OF CANCELING OR RECOGNIZING INVALID OF THE ISSUE OF SECURITIES AND IN OTHER CASES PROVIDED FOR BY THE LEGISLATION OF THE RUSSIAN FEDERATION...... 180 X. ADDITIONAL INFORMATION ABOUT THE ISSUER AND SECURITIES IT PLACED...... 183 10.1. ADDITIONAL INFORMATION ABOUT THE ISSUER...... 183 10.1.1. INFORMATION ABOUT THE AMOUNT, AND STRUCTURE OF THE CHARTER (RESERVE) CAPITAL (SHARE FUND) OF THE ISSUER ...... 183 10.1.2. INFORMATION ABOUT CHANGES IN THE CHARTER (RESERVE) CAPITAL (SHARE FUND) OF THE ISSUER ...... 183 10.1.3. INFORMATION ABOUT ESTABLISHING AND UTILIZATION OF THE RESERVE FUND AS WELL AS OTHER FUNDS OF THE ISSUER ...... 185 10.1.4. INFORMATION ABOUT PROCEDURE OF CONVENING AND HOLDING OF A MEETING (SESSION) OF THE SUPREME MANAGEMENT BODY OF THE ISSUER ...... 186 10.1.5. INFORMATION ABOUT COMMERCIAL ORGANIZATIONS IN WHICH THE ISSUER HAS AT LEAST 5 PER CENT OF THE CHARTER (RESERVE) CAPITAL (SHARE FUND) OR AT LEAST 5 PER CENT OF ORDINARY STOCK...... 188 10.1.6. INFORMATION ABOUT MAJOR TRANSACTIONS EXECUTED BY THE ISSUER ...... 190 10.1.7. INFORMATION ABOUT CREDIT RATINGS OF THE ISSUER...... 192 10.2. INFORMATION ABOUT EACH CATEGORY (TYPE) OF SHARES OF THE ISSUER...... 193 10.3. INFORMATION ABOUT PREVIOUS ISSUES OF SECURITIES OF THE ISSUER EXCLUDING SHARES OF THE ISSUER...... 195 10.3.1. INFORMATION ABOUT ISSUES OF SECURITIES REPAID IN FULL (CANCELED) ...... 195 10.3.2. INFORMATION ABOUT ISSUES OF MARKETABLE SECURITIES...... 195 10.3.3. INFORMATION ABOUT ISSUES OF SECURITIES UNDER WHICH THE ISSUER DID NOT FULFILL (DEFAULTED) ITS OBLIGATIONS ...... 227 10.4. INFORMATION ABOUT ENTITY (ENTITIES) THAT PROVIDED SECURITY FOR THE BONDS ISSUED ...... 227 10.5. TERMS OF SECURING FULFILLMENT OF OBLIGATIONS UNDER BONDS ISSUED ...... 227 10.5.1. TERMS OF SECURING FULFILLMENT OF OBLIGATIONS UNDER BONDS WITH MORTGAGE PLEDGE ...... 227 10.6. INFORMATION ABOUT ORGANIZATIONS MAINTAINING RECORDS OF THE RIGHTS FOR SECURITIES OF THE ISSUER...... 228 10.7. INFORMATION ABOUT LEGISLATIVE ACTS REGULATING ISSUES OF IMPORT AND EXPORT OF CAPITAL THAT CAN AFFECT PAYMENT OF DIVIDENDS, INTEREST AND OTHER PAYMENTS TO NONRESIDENTS...... 228 10.8. DESCRIPTION OF PROCEDURE FOR TAXATION OF CAPITAL GAINS ON PLACED AND BEING OFFERED SECURITIES OF THE ISSUER...... 229 10.9. INFORMATION ABOUT DECLARED (ACCRUED) DIVIDENDS AND ON DIVIDENDS PAID UNDER THE ISSUER SHARES AN ALSO ABOUT THE ISSUER BOND YIELD ....232 10.10. OTHER INFORMATION ...... 239 Introduction Summary of key information given below in the prospectus of issue of securities: a) background information about securities placed by the issuer in respect of which the prospectus is registered: class, category (type) and other identification characteristics of the securities: ordinary registered uncertified shares; number of the placed securities: 146,500,000,000 shares; nominal value: RUR 0.50; procedure and terms of offering: Procedure of determining of the offering start-up: The date of the offering start-up – from the moment of notifying persons having pre-emptive right of purchasing additionally offered securities about possibility of executing such right by publishing the notification in the newspaper “Rossiyskaya Gazeta” and registered mailing (or delivery) to the address of every person indicated in the list of persons having the right to purchase offered additional stock; but not later than two weeks after the notification about the state registration of the additional issue of securities is published in the newspaper “Rossiyskaya Gazeta”. In this regards the moment of notification of persons having pre-emptive right of purchasing additionally offered securities about possibility of executing such right will be the latest of the following events: publication of notification about possibility of executing the pre-emptive right in the newspaper “Rossiyskaya Gazeta”; registered mailing (or delivery) of the last notification about possibility of executing the pre-emptive right to the address of every person indicated in the list of persons having the right to purchase offered additional stock. In case when the date being determined in accordance with such the procedure falls at a nonworking day then the date of the offering start-up will be the nearest following working day. The procedure of determining the date of the offering start-up: The end date of the offering - 27 July 2009, but not later than one year after the date of the state registration of the additional issue of the securities. The way of the securities placement: public offering The procedure of the securities offering: Additional shares to persons executing the pre-emptive right of purchasing stock are offered in accordance with the procedure stipulated by para 8.5 of the Resolution on the additional issue of securities and of para 9.3 of the Prospectus of issue of securities. List of persons having the pre-emptive right of purchasing additional stock offered should be made on the basis of information from the register of shareholders of the Issuer as of the date of the Resolution of the Board of Directors of JSC FGC UES that is the basis of the additional stock offering on 30 October 2008. The stock is offered to persons having the pre-emptive right of purchasing shares on the basis of applications for purchasing shares (hereinafter referred to as “the Application”) submitted by such persons; applications should have the attached documents confirming payment for the shares. Additional stock could be offered outside the framework of the pre-emptive right of purchasing shares through conclusion of contracts on purchasing additional shares (hereinafter referred to as “the Contract on purchasing shares”). Conclusion of purchase and sale contracts among general public will start on the next working day following disclosing of information about the results of executing of the pre-emptive right of purchasing shares of the additional issue in the news release of the information agency “Interfax” on Web-site www.fsk-ees.ru in accordance with the procedure stipulated in para 8.5 of the Resolution on the additional issue of securities and of para 9.3 of the Prospectus of issue of securities. Offering price: Offering price of the shares, including offering to persons having pre-emptive right for purchasing the additional stock offered is determined by the Board of Directors of JSC FGC UES in accordance with Articles 36, 77 of the Federal law “On joint stock companies”; however the offering price cannot be lower than the nominal value. The offering price of the additional shares for persons having pre-emptive right for purchasing the additional stock offered can be determined by the Board of Directors of JSC FGC UES lower than the offering price for other persons but not more than 10%, and in any case not lower than the nominal value of the offered stock. Information about the offering price of the shares is disclosed by the Issuer in the news release of the information agency “Interfax” and on Web-site www.fsk-ees.ru not later than 1 day prior to the date of the securities offering start-up. b) background information about securities placed by the issuer in respect of which the prospectus is registered: information is not provided as the prospectus on the issue of securities is registered simultaneously with the state registration of the issue of securities; c) main objectives of the issue and application pattern of funds received in the result of placement of the issued securities: Main objective of issuing additional ordinary shares placed via private offering is to attract investments. Funds received in the result of shares placement were committed to ensuring reliable operation, enhanced efficiency of the UNEG and to implementing other charter goals of the issuer activity. d) other information than the issuer chose to disclose in the introduction section: There is no other information. The present prospectus on issue of securities included estimates and forecasts of the authorized management bodies of the issuer in respect of future events and/or activities, development prospects of the industry in which the issuer carries out its main activity and the results of the issuer operations, including plans of the issuer, probability of certain events and commitments. Investors should not fully rely on the estimates and forecasts of the authorized management bodies of the issuer as the actual results of the issuer operations in future may differ significantly from forecasted results due to many reasons. Acquisition of the issuer securities relates to risks described in the present prospectus on issue of securities. I. Summary information about persons forming management bodies of the issuer, information about bank accounts, about the auditor, the appraiser and the financial adviser of the issuer as well as about other persons who signed the prospectus 1.1. Persons forming management bodies of the issuer The management bodies of the issuer are as follows: • Annual general meeting of the shareholders; The Board of Directors; The Management Board (the collegial management body); • The Chairman of the Management Board (the sole management body). Last name, first name and middle name, year of birth of each person forming the Board of Directors of the issuer: Members of the Board of Directors of JSC FGC UES. 1. Medvedev Yury Mitrofanovich Year of birth: 1965 (Chairman of the Board of Directors) 2. Khristenko Victor Borisovich Year of birth: 1957 3. Ayuyev Boris Ilyich Year of birth: 1957 4. Vainzikher Boris Feliksovich Year of birth: 1968 5. Dementyev Andrey Vladimirovich Year of birth: 1967 6. Zhuravlev Sergey Igorevich Year of birth: 1970 7. Kitashev Andrey Vladimirovich Year of birth: 1957 8. Kurbatov Mikhail Yurievich Year of birth: 1981 9. Lukin Andrey Borisovich Year of birth: 1970 10. Remes Seppo Yukha Year of birth: 1955 11. Sharonov Andrey Vladimirovich Year of birth: 1964 Medvedev Yury Mitrofanovich is the Chairman of the Board of Directors of the issuer. Last name, first name and middle name, year of birth of ach person forming the Management Board of the issuer: 1. Rappoport Andrey Natanovich (Chairman of the Management Board) Year of birth: 1963 2. Vasilyev Victor Alexeevich Year of birth: 1944 3. Demin Andrey Alexandrovich Year of birth: 1974 4. Ivanov Sergey Nikolayevich (First Deputy Chairman of the Management Board) Year of birth: 1961 5. Maslov Alexey Victorovich Year of birth: 1975 6. Tuzov Mikhail Yurievich Year of birth: 1966 7. Tchistyakov Alexander Nikolayevich (First Deputy Chairman of the Management Board) Year of birth: 1973 8. Pryadein Victor Vasilievich Year of birth: 1974 The person acting as the sole executive body of the issuer: Rappoport Andrey Natanovich Year of birth: 1963 Rappoport Andrey Natanovich is the Chairman of the Management Board of the issuer. Information about the person holding a post of the Chairman of the Management Board of the issuer: Last name, first name, middle name: Rappoport Andrey Natanovich; Year of birth: 1963. 1.2. Information about bank accounts of the issuer

No Account Account number Bank (credit organization) Bank INN Bank location No type name 1 Settlement 40702810901200000098 OPEN JOINT STOCK 7728168971 27, (current) COMPANY “ALFA- Kalanchevskaya account BANK”, JSC “ALFA- street, Moscow BANK” BIK 044525593 107078 correspondent account 30101810200000000593 2 Settlement 42102810802300000220 OPEN JOINT STOCK 7728168971 27, (current) COMPANY “ALFA-BANK” Kalanchevskaya account JSC “ALFA-BANK” street, Moscow BIK 044525593 107078 correspondent account 30101810200000000593 3 Settlement 40702810400000000556 COMMERCIAL BANK 5026005919 13, section 2, 5th (current) “CREDIT residential district, account AGROPROMBANK” Lytkarino, (Limited liability company) Moscow region, LLC CB “Agropromcredit” 140083 BIK 044552710 correspondent account 30101810500000000710 4 Settlement 40702810138120116293 Lefortovo branch No 6901 of 7707083893 14, shosse (current) Joint stock commercial Bank Entuziastov, account of Savings of the Russian Moscow, 111024 Federation (open joint stock company) Lefortovo branch No 6901 of Sberbank of Russia of Moscow BIK 044525225 correspondent account 30101810400000000225 5 Settlement 40702810100050000101 Bank VTB (open joint stock 7702070139 29, Bolshaya (current) company) Morskaya street, account JSC Bank VTB St-Petersburg, 190000 BIK 044525187 correspondent account 30101810700000000187 9 Settlement 40702810100000004371 Open joint stock company 7707284568 24, Petrovka street, (current) Commercial bank Moscow, Russian account “Petrocommertz” (JSC Bank Federation, 127051 “Petrocommertz”) BIK 044525352 correspondent account 30101810700000000352 10 Settlement 30214810710000001119 Non-banking credit 7710298190 38, bld. 1, (master) organization “Clearing house Dolgorukovskaya account of RTS” (limited liability street, Moscow company) 127006 NCO “Clearing house of RTS” (LLC) BIK 044583258 correspondent account 30103810200000000258

11 Settlement 30218810910000001119 Non-banking credit 7710298190 38, bld. 1, (trading) organization “Clearing house Dolgorukovskaya account of RTS” (limited liability street, Moscow company) 127006 NCO “Clearing house of RTS” (LLC) BIK 044583258 correspondent account 30103810200000000258 1.3. Information about the auditor (auditor) of the issuer Information about the auditor who performed independent audit of business accounting and 2005, 2006 and 2007 financial (accounting) statements of the issuer: Full and abbreviated trade names Closed joint stock company “PricewaterhouseCoopers Audit”, CJSC “PwC Audit”; name in English - ZAO PricewaterhouseCoopers Audit. Location 52, bld. 5, Kosmodamianskaya embankment, Moscow 115054 Telephone and fax numbers tel.: (495) 967-60-00; fax: (495) 967-60-01 Number, date of issue and validity of audit Audit license No 000376 issued by the Decree of the license, authority that issued the mentioned Ministry of finance of the Russian Federation dated 20 license May 2002 No 98, valid through 20 May 2012 Financial year (years) for which the auditor performed independent audit of business 2005, 2006, 2007 accounting and financial (accounting) statements of the Issuer

E-mail address [email protected] Web-site http://www.pwc.com The auditor did not conduct any review procedures and did not express the opinion on the validity of the accounting statements in respect of the accounting reports of the issuer for the first six months of 2008 attached to the present prospectus. Factors that may influence the auditor independence from the Issuer, including information about the existence of significant interests that relate the auditor (executive officers of the auditor) with the Issuer (executive officers of the Issuer): In accordance with article 12 of the Federal law No 119-FZ dated 07.02.2001 “On audit activity”, an audit cannot be performed by: • auditors who are founders (participants) of entities audited, their executives, accountants and other persons liable for organizing and maintaining of accounting and preparation of financial (accounting) statements; • auditors who are closely related (are parents, spouses, brothers, sisters, children and also brothers, sisters, parents and children of spouses) to founders (participants) of entities audited, their executives, accountants and other persons liable for organizing and maintaining of accounting and preparation of financial (accounting) statements; • audit organizations the executives and other executive officers of which are founders (participants) of entities audited, their executives, accountants and other persons liable for organizing and maintaining of accounting and preparation of financial (accounting) statements; • audit organizations the executives and other executive officers of which are closely related (are parents, spouses, brothers, sisters, children and also brothers, sisters, parents and children of spouses) to founders (participants) of entities audited, their executives, accountants and other persons liable for organizing and maintaining of accounting and preparation of financial (accounting) statements; • audit organizations in respect of audited entities that are their founders (participants), in respect of audited entities for which these audit organizations are founders (participants), in respect of subsidiary companies, branches and representation offices of the mentioned audited entities and also in respect of organizations having joint founders (participants) with the audit organization; • audit organizations and individual auditors who within three years directly preceding the audit have rendered services on restoring and maintaining of accounting as well as on preparation of financial (accounting) statements of physical and legal entities – in respect of such entities. These factors may have impact on independence of the auditor from the Issuer. Information about significant interests that relate an auditor (executive officers of an auditor) with the Issuer (executive officers of the Issuer): • shares in authorized capital of an issuer held by an auditor (executive officers of an auditor): the auditor (executive officers of the auditors) has no shares in the authorized capital of the Issuer; • loans granted to an auditor (executive officers of an auditor) by an issuer: the Issuer has not granted loans to the auditor (executive officers of t he auditor); • business relations (participation in promoting products (services) of an issuer, participation in joint activity, etc.), and also close relations: there is no close relations or business relations, joint activity between the auditor (executive officers of the auditor) and the Issuer; • information about executive officers of an issuer who simultaneously hold offices of an auditor (is an auditor): executive officers of the auditor do not hold offices of the Issuer; • measures taken by an issuer and an auditor to reduce impact of the mentioned factors: the main measure taken by the Issuer to reduce the impact of the above mentioned factors is the process of careful analysis of an auditor candidacy with a view to its independence from the Issuer and nonoccurrence of the above mentioned factors. Procedure of selecting an auditor by an issuer: • availability of tender procedure for auditor selection and of its major terms: an auditor was selected by the Issuer among organizations holding general audit license and not having property relations with the Issuer, not being affiliated to the Issuer and/or its affiliated companies based on tender procedure with consideration of an auditor professional level and cost of its services; • procedure of nominating an auditor to be approved by annual general meeting, including a management body that makes the appropriate decision: auditor for independent audit of annual financial (accounting) statements of the Issuer is named by the board of directors of the Issuer or shareholder (shareholders) holding at least 2% of voting shares of the Issuer in aggregate. Works performed by the auditor within the framework of special audit assignments: none. Procedure of determining audit fee, actual amount of remuneration paid by an issuer to an auditor for each financial year and also information about deferred or overdue payments of audit fee for services rendered: The audit fee is determined through contract based on time spent to perform the audit and number of employees involved in the audit. There are no deferred or overdue payments for services rendered by the auditor. Actual amount of remuneration, VAT inclusive, that issuer paid to auditor: • for 2005 audit – RUR 9,800,000; for 2006 audit – RUR 9,800,000; • for 2007 audit – RUR 10,974,000. 1.4. Information about appraiser of the issuer Appraisers working under employment contracts will provide valuation services: No Last name, first name Full name and location of a self- Full and abbreviated name, location and middle name of an regulating organization of appraisers, of a legal entity an appraiser appraiser registration number and date of concluded an employment contracts registration of an appraiser in the with; the unified state registration register of self-regulating organization number (OGRN) of this legal entity of appraisers 1 Kushlianskiy Oleg All-Russian social organization “Russian Alexandrovich society of Appraisers”, 21, bld. 1, Novaya Closed joint stock company “ENPI Basmannaya street, Moscow; Registration Consult” number 01894 dated «13» December 2007 (CJSC “ENPI Consult”) 14, Dukhovkoy pereulok, Moscow, 2 Esina Galina Anatolyevna All-Russian social organization “Russian 115191 society of Appraisers”, 21, bld. 1, Novaya OGRN 1027700283566 Basmannaya street, Moscow; Registration number 3570 dated «11» February 2008 3 Sarkisyan Akop All-Russian social organization “Russian Gurgenovich society of Appraisers”, 21, bld. 1, Novaya Limited liability company “Ernst and Basmannaya street, Moscow; Young – valuation consulting” Membership certificate dated 9 July 2007, Registration number 000010. (LLC “Ernst and Young – valuation consulting”) 4 Sorokin Nikolay All-Russian social organization “Russian 77, bld. 1, Sadovnicheskaya Vasilievich society of Appraisers”, 21, bld. 1, Novaya embankment, Moscow, Russia 115035 Basmannaya street, Moscow; OGRN 1027739030769 Membership certificate dated 9 July 2007, Registration number 000261 Information about valuation services rendered by an appraiser: an appraiser undertakes to fix market value of one ordinary share of JSC FGC UES for the purpose of additional issue offering. As of the moment of approval of the Prospectus of issue of securities market value of one ordinary share is not determined, the respective valuation report is not prepared. It is not intended to involve an appraiser (appraisers) for the purpose of rendering other valuation services related to issue of securities. 1.5. Information about advisers of the issuer Information about financial adviser of securities market which signed the prospectus on issue of securities submitted for registration: there was no financial adviser involved. Information about financial advisors on securities market that signed other registered prospectuses of current issues of securities of the Issuer: Information about the financial advisor that signed the prospectus for series 02 bond issue: Full trade name of the financial adviser on securities market: Open joint stock company “Federal fund corporation”; Abbreviated trade name: JSC FFC; Location: 25, Ostozhenka street, Moscow, Russian Federation, 119034; Telephone number: (495)737-86-30; Fax number: (495) 737-86-32; Web-site the financial adviser uses to disclose information about the Issuer: www.fscorp.ru; number, date of issuance and validity period of securities market license: Brokerage license: License number: 077-06174-100000; Date of issuance: 29 August 2003; Validity of license: unlimited; Authority that issued the license: FCSM of Russia; Dealer license: License number: 077-06178-010000; Date of issuance: 29 August 2003; Validity of license: unlimited Authority that issued the license: FCSM of Russia; Services that the financial adviser renders (has rendered): • assisting the Issuer in preparing prospectuses for series 01 and 02 bond issue; • upon applicable review and appropriate written confirmations from the Issuer of reliability and completeness of all information contained in prospectus for bond issue, excluding the part to be confirmed by the auditor and/or the appraiser, signing of the prospectus for bond issue as well as documentation that could be requested by the Issuer for organizing circulation and, if applicable, placement of Bonds with trade institutors; • monitoring of complying with requirements of the federal legislation and other normative and legal acts, including advertising and information disclosure requirements including monitoring of information disclosure during the stages of issue of securities and compliance with placement requirements provided for by the resolution on bond issue; • upon applicable review signing of the report on the bond issue results; • advising on preparation of the resolution on issue, prospectus, bond issue results, other documentation related to the issue, offering, organizing of bond circulation and also on current matters during the Bonds issue; • advising on matters related to preparation of decisions of the Issuer management bodies supporting bonds issue and placement (resolution on placement, related party transaction approval, major transaction approval, issuance decision approval, issue results report approval, etc.); • advising on Russian law in respect of corporate bonds issue and legislation requirements in respect of information disclosure under issue of securities. Information about the financial adviser that signed the prospectus for series 03: Full trade name of the financial adviser on securities market: Closed joint stock company “Investment company “Horizon”; Abbreviated trade name: CJSC IC Horizon; Location: 16, Namyetkina street, Moscow, 117884; Telephone number: (495) 719-18-45; Fax number: (495) 719-88-75; Web-site used to disclose information about the Issuer: http://www.horizon.ru; Number, date of issuance and validity period of securities market license: Brokerage license: License number: 177-06458-100000; Date of issuance: 07 March 2003; Validity of license: unlimited; Authority that issued the license: FCSM of Russia; Dealer license: License number: 177-06463-010000; Date of issuance: 07 March 2003; Validity of license: unlimited Authority that issued the license: FCSM of Russia; Services that the financial adviser renders (has rendered): • the Issuer in preparing prospectuses for securities issue (bonds of series 03); • reviewing of reliability and completeness of all information contained in prospectus for securities issue, excluding the part to be confirmed by the auditor and/or the appraiser, signing of the prospectus for securities issue; • monitoring of complying with requirements of the federal legislation and other normative and legal acts, including advertising and information disclosure requirements including monitoring of information disclosure during the stages of issue of securities and compliance with placement requirements provided for by the resolution on Bond issue; • reviewing of reliability and completeness of all information contained in the report on the issue results and signing of the report on issue of the Bonds; • advising on preparation of the resolution on issue, prospectus, bond issue results, other documentation related to the issue, offering, organizing of bond circulation and also on current matters during the Bonds issue; • advising on matters related to preparation of decisions of the Issuer management bodies supporting bonds issue and placement (resolution on placement, related party transaction approval, major transaction approval, issuance decision approval, issue results report approval, etc.); • advising on Russian law in respect of corporate bonds issue and legislation requirements in respect of information disclosure under issue of securities. Obligations between the financial adviser (related parties to the financial adviser) and the issuer (related parties to the issuer) which are not related to services rendered by the financial adviser to the issuer in respect of preparing the prospectus on issue of securities – none. Information about other advisers of the Issuer is not disclosed in the present paragraph as, according to the Issuer, such information disclosure is not material for the purpose of making decision on purchasing securities of the Issuer. 1.6. Information about other persons who have signed the prospectus on issue of securities Information about chief accountant of the issuer who has signed the prospectus on issue of securities: Last name, first name and middle name: Schukin Vladimir Vasivievich; Year of birth: 1955; Principal place of business and office held in the principal place of business: chief accountant, JSC FGC UES. II. Summary information about volume, terms, procedure and conditions of placement of every class, category (type) of the securities issued 2.1. Class, category (type) and form of securities issued Class of securities: shares Category of shares: ordinary Securities are not convertible Form of securities: registered uncertified 2.2. Nominal value of each class, category (type), series of the securities issued Nominal value of each security of the issue (additional issue): RUR 0.5. Availability of nominal value of securities is stipulated by the legislation of the Russian Federation. 2.3. Planned volume of the issue in monetary terms and the amount of securities issued that are planned for placement Planned amount of securities issued: 146,500,000,000 shares Planned volume of the securities issue (at nominal value): RUR 73,250,000,000 2.4. Offering price (procedure of determining price) of securities issued Offering price of the shares, including offering to persons having pre-emptive right for purchasing the additional stock offered is determined by the Board of Directors of JSC FGC UES in accordance with Articles 36, 77 of the Federal law “On joint stock companies”; however the offering price cannot be lower than the nominal value. The offering price of the additional shares for persons having pre-emptive right for purchasing the additional stock offered can be determined by the Board of Directors of JSC FGC UES lower than the offering price for other persons but not more than 10%, and in any case not lower than the nominal value of the offered stock. Information about the offering price of the shares is disclosed by the Issuer in the news release of the information agency “Interfax” and on Web-site www.fsk-ees.ru not later than 1 day prior to the date of the securities offering start-up. 2.5. Procedure and terms of the offering of securities issued Procedure of determining of the offering start-up: The date of the offering start-up – from the moment of notifying persons having pre-emptive right of purchasing additionally offered securities about possibility of executing such right by publishing the notification in the newspaper “Rossiyskaya Gazeta” and registered mailing (or delivery) to the address of every person indicated in the list of persons having the right to purchase offered additional stock; but not later than two weeks after the notification about the state registration of the additional issue of securities is published in the newspaper “Rossiyskaya Gazeta”. In this regards the moment of notification of persons having pre-emptive right of purchasing additionally offered securities about possibility of executing such right will be the latest of the following events: publication of notification about possibility of executing the pre-emptive right in the newspaper “Rossiyskaya Gazeta”; registered mailing (or delivery) of the last notification about possibility of executing the pre-emptive right to the address of every person indicated in the list of persons having the right to purchase offered additional stock. In case when the date being determined in accordance with such the procedure falls at a nonworking day then the date of the offering start-up will be the nearest following working day. The procedure of determining the date of the offering start-up: The end date of the offering - 27 July 2009, but not later than one year after the date of the state registration of the additional issue of the securities. Terms of the offering are determined by indicating the dates of disclosing any information about the issue of securities. Procedure of disclosing such information: After the state registration of the additional issue of securities and disclosing the information about offering price of the additional shares including for persons having the pre-emptive right of purchasing additional shares placed, not later than 01.03.2009 the Issuer should notify persons having the pre- emptive right of purchasing additionally placed securities about the possibility to execute such right by publishing notification in the newspaper “Rossiyskaya Gazeta” and registered mailing (or delivery) addressed to each person indicated in the list of persons having the right to purchase additional shares offered. Simultaneously the Issuer publishes notification about the possibility to execute the pre-emptive right of purchasing shares (hereinafter referred to as “the Notification”) on the Web-site www.fsk-ees.ru. Notification about the state registration of the additional issue of stock should be published by the issuer within the following period from the date of publishing information about the state registration of the additional issue of securities of the issuer on the Web-site of the registering authority or receipt by the issuer of a written notification from the registering authority about the state registration of the additional issue of securities by mail, fax or electronic mail, delivery against receipt depending on which of the mentioned dates will fall earlier: • in news release – not later than 1 (one) day; on Web-site of the Issuer: http://www.fsk-ees.ru – not later than 2 (two) days; • in the newspaper “Rossiyskaya Gazeta” – not later than 10 (ten) days. Notification about the start-up of the securities offering should be published by the issuer within the following period: • in news release of the information agency “Interfax” – not later than 5 (five) days before the start- up date of the securities offering; • on Web-site of the Issuer: http://www.fsk-ees.ru. – not later than 4 (four) days before the start-up date of the securities offering. Notification about the start-up date of the securities offering should be sent by the Issuer to the registering authority within 5 (five) days from the moment of the occurrence of the event. Information about the start-up of the offering of shares should be disclosed by the Issuer in the form of disclosing significant event “Information about the stages of the procedure of issuing of securities” within the following period from the date of the start-up of the offering of securities: • in news release of the information agency “Interfax” - not later than 1 (one) day; • on Web-site of the Issuer: http://www.fsk-ees.ru – not later than 2 (two) days; Also notification about significant event “Information about the stages of the procedure of issuing of securities” should be sent by the Issuer to the registering authority within 5 (five) days from the date when the offering of the shares was started. The way of offering of the securities: public offering Possibility of pre-emptive purchase of the securities placed including possibility of executing the pre-emptive right of purchasing of securities stipulated by Articles 40 and 41 of the Federal law “On joint stock companies”: Shareholders of the Company have the pre-emptive right of purchasing additional shares placed via public offering in the amount proportional to the amount of shares of the category (type) they owned. The list of people having the pre-emptive right of purchasing additional shares placed is made on the basis of the register of the Issuer’s shareholders as of the date of the Resolution made by the Board of Directors of JSC FGC UES which is the basis for placement of additional shares that is «30» October 2008. The issuer does not execute offering of securities with involvement of professional participants of securities market that provide securities placement services to the issuer. Placement of securities via public offering does not provide for purchasing of the securities outside the Russian Federation including through purchasing of foreign securities. In the opinion of the issuer there are no other significant conditions of the securities offering. 2.6. Procedure and terms of payment of the issued securities offered Monetary payment is provided for. Terms and procedure of payment for the securities: Potential buyers can make non-cash monetary payments for the shares in the currency of the Russian Federation. Due date: Payment for the shares offered within the framework of the pre-emptive right of purchasing is made simultaneously with submitting the application on purchasing of shares offered. When stock is offered outside of the pre-emptive right of purchasing, the stock purchased should be paid for in full by buyers notified about satisfying their offers not later than three working days prior the end date of placement. Cash form of settlements is not provided for. Non-cash form of settlements is provided for. Form of non-cash settlements: settlements via payment orders. Information about credit organization Full name of credit organization: Joint stock commercial bank of Savings of the Russian Federation (Open joint stock company) Lefortovo branch No 6901 of Sberbank of Russia, Moscow; Abbreviated name: JSC Sberbank of Russia Lefortovo branch No 6901 of Moscow; Location: 14, shosse Entuziastov, Moscow; Settlement account No 40702810138120116293, BIK 044525225, correspondent account 30101810400000000225. Non-monetary form of payment is provided for. List of assets: 1. Electric grid assets related to the Unified national (all-Russian) electric grid. 2. Shares of the open joint stock company “Project and survey and scientific and research institution for designing of energy systems and electric grids “Energosetproject” (Moscow). Terms of payment and documents executed under such payment: Securities of the present additional issue are placed subject to their full payment. Monetary and non-monetary payment is provided for when purchasing securities issued. Depending on the discretion of a buyer of the shares payment for the additional shares offered could be executed both in one or several forms stipulated by the present Resolution on the additional issue of securities and the Prospectus of issue of securities subject to compliance with the procedure of payment stipulated for each type of assets acceptable for payment for the Issuer’s shares offered. Obligation to pay for the shares offered is considered completed from the moment of receiving monetary funds on settlement account of the Issuer and/or transferring to the Issuer non-cash funds in accordance with the procedure specified below and in para 2.6 of the Prospectus of issue of securities. Shares are credited to personal accounts of buyers in the register of owners of registered securities of the Issuer (buyers’ custody accounts in a depository) only upon payment in full of shares and not later than the end date of the Shares offering. In case of payment for shares with non-monetary fund when the value of assets a buyer transfers as payment for the additional Shares purchased exceeds the total value of the additional shares claimed by a buyer for purchasing; the Issuer is to return the difference between value of the assets transferred as payment for additional stock and value of additional shares claimed by a buyer for purchasing. The issuer is to return the mentioned difference to a buyer of shares in monetary funds in Rubles of the Russian Federation by transferring the amount to bank account specified in the offer (the Application); in case when such offer (the Application) does not contain bank details, the funds are transferred using bank details indicated in a claim for monetary funds return. In case of payment for shares with non-monetary fund when the value of assets a buyer transfers as payment for the additional Shares purchased is less than the total value of the additional shares claimed by a buyer for purchasing; a buyer of shares is to pay the difference between value of the assets transferred as payment for additional stock and value of additional shares claimed for purchasing; the difference in value is to be paid in monetary assets in Rubles of the Russian Federation. If a buyer does not pay the mentioned difference within the period specified for payment for additional shares, the Issuer refuses to perform counter-obligation to transfer shares that are not paid for by a potential buyer; and the respective Contract on purchasing of additional shares in part of stock not paid for by a person acquiring the Shares. Such contract is considered as changed from the moment of making entry by the Issuer to a personal account of a buyer about crediting the account for the paid amount of the shares. Shares offered are paid for with non-monetary assets: • in case of payment for the shares offered with movable assets which do not require the state registration – by signing the act of acceptance-transfer of assets between the Issuer and a buyer. In doing so, the date of signing of the mentioned act of acceptance-transfer of assets is considered the date of payment for the shares of the additional issue offered; • in case of payment for the shares offered with registered securities: the registrar keeping the register of shares owned by a buyer is to make an entry in the register about transfer of ownership rights to securities upon receiving transfer order from a registered person transferring the securities or from a person to a personal account of whom the securities should be transferred to (the Issuer); or from an authorized representative of one of those two persons but not earlier than personal account is opened for the Issuer. The registrar should issue the respective certificate within one working date after the registrar executes a transaction on crediting securities to the personal account of the Issuer. In doing so, the date of crediting registered securities to the personal account of the Issuer as payment for the mentioned additional shares is considered the date of payment for the additionally issued shares offered; • in case of payment for the shares offered with real property assets – by signing the act of acceptance-transfer of real property assets between the Issuer and a buyer prepared in accordance with requirements of the legislation about the state registration of the rights for the real property assets and deals with those assets; and the state registration of the ownership right to the real property assets. In doing so, the date of the state registration of transfer of ownership rights for the real property assets to the Issuer is considered the date of payment for the Shares of the additional issue offered; Information about the appraiser (appraisers) involved in market valuation of the assets contributed (to be contributed) as payment for the issued securities offered:

No Last name, first name Full name and location of a self- Full and abbreviated name, location of and middle name of an regulating organization of appraisers, a legal entity an appraiser concluded appraiser registration number and date of an employment contracts with; the registration of an appraiser in the unified state registration number register of self-regulating organization (OGRN) of this legal entity of appraisers 1 Tabakova All-Russian social organization “Russian Limited liability company “CO-INVEST” Svetlana Alexeevna Society of Appraisers” (LLC “RSO”), (LLC “CO-INVEST”) 21, bld. 1, Novaya Basmannaya street, 22, apt. 20, Akademika Vargi street, Moscow, 107078; included in the register Moscow, 119133 of appraisers under the registration OGRN 1027700556047 number 000001 dated 09.07.2007 2 Rodzevich All-Russian social organization “Russian Irina Eduardovna Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 000013 dated 09.07.2007 3 Belousov All-Russian social organization “Russian Sergey Mikhailovich Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 000057 dated 09.07.2007 4 Patzkalev All-Russian social organization “Russian Alexander Fedorovich Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 000012 dated 09.07.2007 5 Blinova All-Russian social organization “Russian Natalia Ivanovna Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 0004156 dated 28.03.2008 6 Kolevatykh All-Russian social organization “Russian Vladimir Leonidovich Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 004027 dated 18.03.2008 7 Igonin All-Russian social organization “Russian Vasiliy Vitalievich Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 004785 dated 05.08.2008 8 Karankevich All-Russian social organization “Russian Evgenia Anatolievna Society of Appraisers” (LLC “RSO”), 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; included in the register of appraisers under the registration number 003060 dated 21.01.2008 9 Zuev Non-profit partnership “Society of Limited liability company “Nexia Denis Alexeevich specialists-appraisers “SMAO”, 72, bld.4, Pacholi” Leningradskiy prospect, office 2404, floor (LLC “Nexia Pacholi”) 4, entrance 2, Moscow, 125315, 11, bld. 2, 1st Khvostov pereulok, registration number 2136 Moscow, 119180 dated 17.03. 08 OGRN 1027739428716 10 Ivanov Non-profit partnership “Society of Alexander Sergeevich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, registration number 1767 dated 01 February 2008 г 11 Mishanskaya Non-profit partnership “Society of Elena Yurievna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, registration number 2381 dated 23 May 2008 12 Morozova Non-profit partnership “Society of Galina Yurievna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, registration number 1765 dated 01 February 2008 13 Romanova Non-profit partnership “Society of Svetlana Igorevna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, registration number 2227 dated 4 April 2008 14 Pechenkin Non-profit partnership “Society of Moscow branch of Limited liability Dmitry Vladimirovich specialists-appraisers “SMAO”, company “Institute of valuation of 72, bld.4, Leningradskiy prospect, office property and financial activity” 2404, floor 4, entrance 2, Moscow, (MB LLC “Institute of valuation”) 125315, certificate of membership in SRO No 865, 10/2, Petrovsko-Razumovskaya alleya, date of entering into the register 08 Moscow, 127083; October 2007 OGRN 1027000867750 15 Boyarov Non-profit partnership “Society of Vasiliy Vasilievich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 560, date of entering into the register 02 August 2007 16 Golyshev Non-profit partnership “Society of Artem Andreevich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 559, date of entering into the register 02 August 2007 17 Polyakova Non-profit partnership “Society of Elena Vladimirovna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 2353, date of entering into the register 19 May 2008; 18 Khaktynova Non-profit partnership “Society of Aysa Alexeevna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 1060, date of entering into the register 29 November 2007. 19 Volovich Non-profit partnership “Society of specialists-appraisers “SMAO”, Nikolay Vladimirovich 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 44, date of entering into the register 04 May 2007; 20 Turova Non-profit partnership “Society of Evgeniya Yurievna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 290, date of entering into the register 04 May 2007; 21 Kozlova Non-profit partnership “Society of Yekaterina Yurievna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 687, date of entering into the register 27 August 2007; 22 Chernavina Non-profit partnership “Society of Natalya Alexandrovna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 741, date of entering into the register 05 September 2008; 23 Mamontova Non-profit partnership “Society of Marina Alexandrovna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership in SRO No 740, date of entering into the register 05 September 2007. 24 Alexandrova Non-profit partnership “self-regulating Closed joint stock company “BDO Marina Yurievna organization of association of Russian Unicon” masters of valuation”, 18, bld. 2, (CJSC BDO Unicon) Kosmonavtov street, Moscow, 129301, 125, bld. 1, section 11, Varshavskoye office 501; registration number 9, date of shosse, Moscow, 117587; registration 22.06.2007. OGRN 1037739271701 25 Andrianova Non-profit partnership “self-regulating Yulia Victorovna organization of association of Russian masters of valuation”, 18, bld. 2, Kosmonavtov street, Moscow, 129301, office 501; registration number 13, date of registration 22.06.2007. 26 Berezovskaya Non-profit partnership “self-regulating Olga Sergeyevna organization of association of Russian masters of valuation”, 18, bld. 2, Kosmonavtov street, Moscow, 129301, office 501; registration number 276, date of registration 22.06.2007. 27 Bogdanova Non-profit partnership “self-regulating organization of association of Russian Olga Leonidovna masters of valuation”, 18, bld. 2, Kosmonavtov street, Moscow, 129301, office 501; registration number 35, date of registration 22.06.2007. 28 Vurzel Non-profit partnership “self-regulating Alexander Filippovich organization of association of Russian masters of valuation”, 18, bld. 2, Kosmonavtov street, Moscow, 129301, office 501; registration number 1346, date pf registration 06.06.2008. 29 Galiullina Non-profit partnership “self-regulating Natalia Anatolievna organization of association of Russian masters of valuation”, 18, bld. 2, Kosmonavtov street, Moscow, 129301, office 501; registration number 59, date of registration 22.06.2007. 30 Karayev Non-profit partnership “Society of Vladimir Borisovich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership No 1645 dated 25 January 2008; 31 Lopatin Non-profit partnership “Society of Alexey Yurievich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, Closed joint stock company “Valuation- certificate of membership No 2391 consulting” dated 30 May 2008; (CJSC “Valuation-consulting”) 32 Sharapova Non-profit partnership “Society of 4-6, bld. 8, Khoromny tupik, Moscow, 107078 Marina Aleandrovna specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office OGRN 1027739538287 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership No 1457 dated 14 January 2008; 33 Kutduzov Non-profit partnership “Society of Linar Raufovich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate of membership No 2331 dated 6 May 2008; 34 Baranova Non-profit partnership “Self-regulating Elena Sergeevna organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya

Embankment, Moscow, 115035

Certificate dated 18.01.2008, registration number 00932

35 Vorontzova All-Russian social organization “Russian

Olga Sergeevna Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate dated 24.10.2007;

registration number 001281

36 Dmitrieva Non-profit partnership “Self-regulating Elena Borisovna organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035

Certificate dated 18.01.2008;

registration number 00933

37 Ivanov Non-profit partnership “Self-regulating Alexander Sergeevich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00004 38 Inogamov All-Russian social organization “Russian Sergey Fayzullayevich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate dated 24.10.2007; registration number 001282

39 Knyazeva Non-profit partnership “Self-regulating

Tatyana Alexeevna organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 13/03/2008; registration number 01466

40 Kuvaldin Non-profit partnership “Self-regulating Closed joint stock company “RUSSIAN Dmitry Andreevich organization “National board of VALUATION” (CJSC specialists-appraisers”, 34 “B” Sofiyskaya “ROSOTZENKA”) Embankment, Moscow, 115035 35, bld. 49, Nizhnaya Krasnoselskaya Certificate dated 18.01.2008; street, Moscow, 105066, registration number 00003 OGRN 1027700423915 41 Kucher Non-profit partnership “Self-regulating Dmitry Dmitrievich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 05.02.2008; registration number 01294 42 Landa Non-profit partnership “Self-regulating Leonid Petrovich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00010 43 Madekina Non-profit partnership “Self-regulating Elena Pavlovna organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00934 44 Marinenko Non-profit partnership “Self-regulating Alyona Vladimirovna organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 05.02.2008 registration number 01296 45 Martemyanov Non-profit partnership “Self-regulating organization “National board of Alexey Vladimirovich specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 01.02.2008; registration number 01293 46 Panina Non-profit partnership “Self-regulating Marina Mikhailovna organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 05.02.2008; registration number 01295 47 Pisarev Non-profit partnership “Self-regulating Andrey Victorovich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00935 48 Pyatykhin Non-profit partnership “Self-regulating Alexander Vladimirovich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 13.03.2008; registration number 01465 49 Rozhkov Interregional self-regulating non-profit Mikhail Yurievich organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 29.07.2008; registration number 719.50 50 Stanyukovich Non-profit partnership “Self-regulating Vladimir Nikolayevich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00931 51 Tishakov Non-profit partnership “Self-regulating Sergey Leontievich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00930 52 Shmelev Non-profit partnership “Self-regulating Yuriy Yevgenievich organization “National board of specialists-appraisers”, 34 “B” Sofiyskaya Embankment, Moscow, 115035 Certificate dated 18.01.2008; registration number 00936 53 Shapiguzov All-Russian social organization “Russian Limited liability company “Financial and Sergey Mikhailovich Society of Appraisers” accounting consultants” (LLC “FBK”) 21, bld. 1, Novaya Basmannaya street, 44/1, bld. 2AB, Myasnitskaya street, Moscow, 107078; Moscow, 101990 number in SRO ROO register 308, OGRN 1027700058286 certificate number 000308 dated 09.07.07 54 Zhiglo All-Russian social organization “Russian Alexander Nikolayevich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 345, certificate number 000345 dated 17.07.07 55 Marchuk All-Russian social organization “Russian Andrey Alexandrovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 179, certificate number 000179 dated 09.07.07. 56 Panarin All-Russian social organization “Russian Andrey Yurievich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 771, certificate number 0000771 dated 28.08.07. 57 Anikanov All-Russian social organization “Russian Stanislav Ivanovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 37, certificate number 000037 dated 09.07.07 58 Matyushin All-Russian social organization “Russian Alexaqnder Stepanovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 636, certificate number 000636 dated 07.08.07. 59 Shmelev All-Russian social organization “Russian Pavel Vladimirovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 317, certificate number 000317 dated 09.07.07. 60 Spyshnova All-Russian social organization “Russian Tatyana Sergeevna Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; number in SRO ROO register 780, certificate number 000780 dated 28.08.07. 61 Sinitzina Non-profit partnership “Self-regulating Olesya Alexandrovna organization of Russian masters of valuation”, 18, bld. 2, Kosmonavtov street, Moscow, 129301, office 501, registration number 456 in the register dated 21.08.2007. 62 Callaway Non-profit partnership “Society of John Robert specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, Closed joint stock company “KPMG” 125315, (CJSC “KPMG”) registration number 2541 dated 18 July 18/1, Olimpiyskiy prospect, Moscow, 2008 129110, room 3035 63 Savin Non-profit partnership “Society of OGRN 1027700125628 Vasiliy Anatolievich specialists-appraisers “SMAO”, 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, registration number 409 dated 6 July 2007 64 Neyman All-Russian social organization “Russian Yevgeniy Iosiphovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000339 dated 17.07.2007 65 Markova All-Russian social organization “Russian Svetlana Gennadievna Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000448 dated 24.07.2007 66 Chernykh All-Russian social organization “Russian Nikolay Vyacheslavovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000487 dated 24.07.2007 67 Suloyev All-Russian social organization “Russian Mikhail Ivanovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Closed joint stock company Moscow, 107078; “Development and organization of certificate of membership registration specialists-experts of complex valuation” number 000690 dated 15.08.2007 (CJSC “ROSEKO”) 13, Khodynskiy boulevard, Moscow, 68 Yakubenko All-Russian social organization “Russian 125252, Society of Appraisers” Dmitry Igorevich OGRN 1037739311257 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000834 dated 03.09.2007 69 Yershov All-Russian social organization “Russian Vladimir Stepanovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000423 dated 24.07.2007 70 Sherchenkov All-Russian social organization “Russian Alexey Alexandrovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000492 dated 24.07.2007 71 Dubinskiy All-Russian social organization “Russian Vadim Alexandrovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership registration number 000420 dated 24.07.2007 72 Kushlyanskiy All-Russian social organization “Russian Closed joint stock company “ENPI Oleg Alexandrovich Society of Appraisers” Consult” (CJSC “ENPI Consult”) 21, bld. 1, Novaya Basmannaya street, 14, Dukhovskoy pereulok, Moscow, Moscow, 107078; 115191, registration number 01894 dated «13» OGRN 1027700283566 December 2007. 73 Beloshnichenko All-Russian social organization “Russian Andrey Mikhailovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; registration number 01859 dated «13» December 2007. 74 Esina All-Russian social organization “Russian Galina Anatolievna Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; registration number 3570 dated «11» February 2008. 75 Chulin All-Russian social organization “Russian Alexey Alexandrovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; registration number 01922 dated «13» December 2007. 76 Pavlenko All-Russian social organization “Russian Dmitry Petrovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; registration number 3525 dated «06» February 2008. 77 Sarkisyan All-Russian social organization “Russian Akop Gurgenovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership dated 9 July 2007, registration number 000010. 78 Durglishvili All-Russian social organization “Russian Valeriy Vladimirovich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; Limited liability company “Ernst and certificate of membership dated 25 Young – valuation consulting” September 2007, registration number (LLC “Ernst and Young – valuation 000983 consulting”); 79 Smolyanin All-Russian social organization “Russian 77, bld. 1, Sadovnicheskaya Anatoliy Gennadievich Society of Appraisers” Embankment, Moscow, Russia, 115035, 21, bld. 1, Novaya Basmannaya street, OGRN 1027739030769 Moscow, 107078; certificate of membership dated 9 July 2007, registration number 000255 80 Sorokin All-Russian social organization “Russian Nikolay Vasilievich Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership dated 9 July 2007, registration number 000261 81 Artemenkov All-Russian social organization “Russian Closed joint stock company “International Igor Lvovich Society of Appraisers” center of valuation” (CJSC “MCO”) 21, bld. 1, Novaya Basmannaya street, 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; Moscow, 107078 certificate of membership dated OGRN 1027739313766 09.07.2007, registration number 00002 82 Glinkina All-Russian social organization Oksana Yevgenievna “Russian Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership dated 09.07.2007, registration number 00078 83 Ionova All-Russian social organization “Russian Olesya Alexandrovna Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership dated 17.01.2008, registration number 002927 84 Kuzovenkova All-Russian social organization “Russian Svetlana Alexandrovna Society of Appraisers” 21, bld. 1, Novaya Basmannaya street, Moscow, 107078; certificate of membership dated 04.12.2007, registration number 01703 85 Akimov Interregional self-regulating non-profit Limited liability company “Lair” Yuriy Konstantinovich organization “Society of professional (LLC “Lair”) experts-appraisers”, 20B, Beloostrovskaya street, 6A, 8th March street, Moscow; St-Petersburg, 197342 certificate dated 11.12.2007; OGRN 1027807581141 registration number 270.78 86 Antropova Interregional self-regulating non-profit Asya Yurievna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007; registration number 295.78 87 Aronson Interregional self-regulating non-profit Grigoriy Alexandrovich organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 274.78 88 Bndareva Interregional self-regulating non-profit Natalia Petrovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 275.46 89 Vorobyeva Interregional self-regulating non-profit Natalia Alexandrovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 310.78 90 Grechkina Interregional self-regulating non-profit Natalia Vladimirovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 294.78 91 Deniseko Interregional self-regulating non-profit Elena Vitalievna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 267.78 92 Koshev Interregional self-regulating non-profit Alexander Nikolayevich organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 309.78 93 Kondratyeva Interregional self-regulating non-profit Elena Albertovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 296.78 94 Mokhin Interregional self-regulating non-profit Maxim Olegovich organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 277.78 95 Necheporenko Interregional self-regulating non-profit Olga Alexandrovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 271.78 96 Parasyuk Interregional self-regulating non-profit Alexey Valerievich organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 272.47 97 Pakhomova Interregional self-regulating non-profit Elena Vladimirovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 17.12.2007 registration number 331.78 98 Protasova Interregional self-regulating non-profit Irina Vadimovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 269.78 99 Semenova Interregional self-regulating non-profit Oksana Nikolayevna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 276.78 100 Sushinskiy Interregional self-regulating non-profit Anatoliy Stanislavovich organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 308.78 101 Sevastyanova Interregional self-regulating non-profit Elena Andreevna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 11.12.2007 registration number 273.78 102 Smirnova Interregional self-regulating non-profit Elena Victorovna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 307.78 103 Scherbakova Interregional self-regulating non-profit Elena Anatolievna organization “Society of professional experts-appraisers”, 6A, 8th March street, Moscow; certificate dated 12.12.2007 registration number 268.78 104 Drambovic Non-profit partnership “Society of Nikita Nikolayevich specialists-appraisers “SMAO” (NP “SMAOs”), 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate dated 06.07.2007 № 406 105 Silina Non-profit partnership “Society of Lyudmila Vasilievna specialists-appraisers “SMAO” (NP “SMAOs”), 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate dated 06.07.2007 № 405 106 Biryukova Non-profit partnership “Society of Yekaterina Anatolievna specialists-appraisers “SMAO” (NP “SMAOs”), 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate dated 22.01.2008 № 1594 107 Shillov Non-profit partnership “Society of Alexander specialists-appraisers “SMAO” (NP Vyacheslavovich “SMAOs”), 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate dated 22.01.2008 № 1595 108 Smirnov Non-profit partnership “Society of Alexander Petrovich specialists-appraisers “SMAO” (NP “SMAOs”), 72, bld.4, Leningradskiy prospect, office 2404, floor 4, entrance 2, Moscow, 125315, certificate dated 22.01.2008 № 1592 109 Guseva Non-profit partnership “Self-regulating Irina Vasilievna organization “National board of specialists-appraisers” (NP “SRO “NKSO”) 34 “B” Sofiyskaya Embankment, Moscow, Russia, 115035 Certificate dated 17.01.2008; registration number 9 110 Tchevdar Non-profit partnership “Self-regulating Svetlana Sergeevna organization “National board of specialists-appraisers” (NP “SRO “NKSO”) 34 “B” Sofiyskaya Embankment, Moscow, Russia, 115035 Certificate dated 18.01.2008; Registration number 509 111 Ryazanova Non-profit partnership “Self-regulating Elena Valerievna organization “National board of specialists-appraisers” (NP “SRO “NKSO”) 34 “B” Sofiyskaya Embankment, Moscow, Russia, 115035 Certificate dated 26.03.2008; registration number 479 112 Odrov Non-profit partnership “Self-regulating Oleg Borisovich organization “National board of specialists-appraisers” (NP “SRO “NKSO”), 34 “B” Sofiyskaya Embankment, Moscow, Russia, 115035 Certificate dated 26.03.2008; registration number 506 2.7. Procedure and terms of concluding contracts in the course of the issued securities offering Additional shares are offered to persons executing the pre-emptive right of purchasing shares in accordance with the procedure stipulated by para 8.5 of the Resolution on the additional issue of securities and of para 9.3 of the Prospectus of issue of securities. Outside the framework of executing the pre-emptive right of purchasing, the additional shares are placed by concluding contracts on purchasing the additional stock (hereinafter referred to as “the Contract on stock purchasing”). For the purpose of concluding Contracts on stock purchasing the Issuer discloses the results of execution of the pre-emptive right of purchasing of additional stock and simultaneously publishes in news release of the informational agency “Interfax” and on Web-site www.fsk-ees.ru an invitation to submit offers for purchasing additional shares addressed to undefined set of people. Starting from the date of publication of an invitation to submit offers on purchasing of additional stock and during the whole period of offering, but not later than 10 working days prior to the end-date of the offering, potential buyers of additional stock can make offers for purchasing shares by submitting written offers for purchasing of additional stock to the issuer. Offers for purchasing of additional s tock of the present additional issue should be submitted in working days from 10:00 to 18:00 Moscow time at the following address: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082, JSC “Central Moscow Depository” or sent via mail at the following address: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082, JSC “Central Moscow Depository”. Each offer should contain the following information: • Title “Offer for purchasing of shares of the Open joint stock company “Federal grid company of the Unified energy system”; • Full name / last name, first name and middle name of a potential buyer; • Taxpayer identification number of a potential buyer (if available); • Place of residence (location) of a potential buyer; • For physical persons – passport data (date and place of birth; passport series, number and date of issue; passport issuing authority); • For legal entities – information about registration of a legal entity (including for Russian legal entities – information about the state registration of a legal entity/ entry into the Unified state register of legal entities (date, registering authority, number of the respective certificate)); • Agreement of a person making an offer to purchase the shares offered in the amount determined in an offer at the offering price defined by the Board of Directors of the Issuer in accordance with the Resolution on the additional issue of securities and the Prospectus of issue of securities; • The exact number of shares that a person undertakes to purchase; • Information about the form of payment for the stock offered (monetary or non-monetary); and in case of non-monetary payment for the stock offered – the list and description of non-monetary assets contributed as payment for the shares; • Personal account number in the register of owners of registered securities of the Issuer for the purpose of transferring the stock purchased. In case when shares should be credited to the account of a nominee holder in the register of owners of registered securities of the Issuer – full trade name of a depository, information about the state registration of such depository (OGRN, the registering authority, date of the state registration and date pf the entry about the depository into the Unified state register of legal entities), custody account number of a potential buyer of the shares, number and date of depositary contract concluded between a depository and a potential buyer of the shares (in respect of the shares); • Bank details of a potential buyer for the purpose of returning monetary funds; • Contact details (mail address and fax number with indication of area code) for the purpose of sending reply on accepting an offer. In case when in accordance with the existing legislation a person submitted an offer purchases the amount of additional stock indicated in the offer in accordance with advance approval of the anti-monopoly authority, a person who submitted the offer must attached a copy of the respective approval of the anti- monopoly authority. The offer should be signed by a potential buyer (a person acting on behalf of a potential buyer by operation of law) or by a person acting on behalf of a potential buyer on the basis of power of attorney and for legal entities – have an impression of a seal (if such a seal is available). In case when the offer is signed on behalf of a potential buyer by a person acting by operation of law or on the basis of a power of attorney, a document confirming the authority of such person or notarized copy of such document should be attached to the offer. The Issuer can specify the recommended offer format. In this case the Issuer published the offer format on its Web-site www.fsk-ees.ru not later than the date of publishing the invitation to submit offers for purchasing of shares. Financial guarantee could be attached to the offer providing for payment for the shares by a person submitted the offer in case when such offer is accepted by the Issuer. The Issuer refuses to accept an offer in case when such offer was delivered to the Issuer outside the period for submitting offers stipulated by the present resolution on the additional issue of securities and such offer does not comply with the requirements provided for by the legislation of the Russian Federation, the Resolution on the additional issue of securities and the Prospectus of issue of securities. The Issuer should register the offers submitted in a special register of received offers (hereinafter referred to as “the Register”) at the day of their receipt. The Issuer accepts offers on purchasing of additional stock submitted by potential buyers of the shares at its discretion. If a resolution was made to accept offers received by the Issuer within the period stipulated by the present paragraph of the resolution on additional issue of shares and the respective requirements stipulated by para 8.3 of the present resolution on the additional issue and para 2.7 of the Prospectus of issue of securities, the Issuer should send (deliver) to a potential buyer a reply about satisfying of the offer: • within three working days from the date of the offer receipt; or • within three working days from the date of the minutes of the meeting of the authorized body of the Issuer that approved the offering of additional shares as a related party transaction and/or determined monetary valuation of assets contributed as payment for the additional stock. The offer submitted is considered as accepted if the Issuer sends (delivers) its response for satisfying the offer. A response about satisfying an offer should be delivered to a buyer in person or to its authorized representative; or should be mailed or faxed to a buyer using address or number indicated in the offer. A response about satisfying an offer should indicate the amount of shares within the number of shares specified in the offer of a potential buyer whose offer is satisfied. The date of receiving by a buyer of a response about satisfying the offer is considered to be the earliest of the following dates: • the date of delivery of the Issuer response to a buyer in person or to its authorized representative; the date of sending the Issuer response to a buyer via fax to fax number specified in the offer with automatic confirmation of sending at such date; • the date of delivery of the response of a buyer by courier (postal service) at the address specified in the offer. Contract on purchasing shares is considered as concluded at the moment when a person who sent the offer receives a response about satisfying the offer. Optional for a potential buyer a contract on purchasing of stock could be executed in written at the following address: 5A, Akademika Chelomeya street, Moscow. Additional shares in the amount specified in the satisfied offer should be paid in full by buyers within three working days prior to the end-date of the offering. Shares purchased should be paid by a buyer in accordance with conditions about the form and amount of payment specified in the offer; and in accordance with the procedure specified in para 8.6 of the present resolution. In case when monetary funds paid to the Issuer as payment for the additional shares purchased exceeds the total value of the additional shares payable for the additional stock, the excessive funds paid should be returned via non-cash monetary funds in Rubles of the Russian Federation within 3 (three) working days after expiring the terms of payment for the additional shares stipulated by the present resolution; or upon claim submitted by a buyer to return monetary funds. Monetary funds are returned using requisites specified in the offer; in case when such offer does not contain such requisites the funds are transferred using bank details indicated in a claim for monetary funds return. In case when obligation to pay for the additional shares purchased is not fulfilled by a potential buyer within the period specified above, the Issuer has the right to renounce the contract unilaterally and without legal recourse including renounce its obligations to transfer the additional shares to such buyer without any responsibility of the Issuer. In such case the Contract on purchasing the additional shares is considered terminated on the day following the day of expiring the period of payment for the additional stock as specified by the present paragraph; and the additional shares for which monetary funds were not credited to the account of the Issuer and/ or non-monetary assets were not transferred into the ownership of the Issuer in due date and in proper manner, are left unplaced. In case when obligations to pay for the additional shares are fulfilled in part, the Issuer renounces counter obligations to transfer the additional shares unpaid by a buyer, and the respective Contract on purchasing of the additional stock in respect of the shares unpaid by a person who purchases the additional shares. Such contract is considered changed from the moment of making entry by the Issuer to a personal account of a buyer about crediting the account for the paid amount of the shares; and the additional shares for which monetary funds were not credited to the account of the Issuer and/ or non-monetary assets were not transferred into the ownership of the Issuer in due date and in proper manner, are left unplaced. Contracts concluded during the offering are changed and/or terminated on the basis and in accordance with the procedure stipulated by Chapter 29 of the Civil Code of the Russian Federation. Securities are not placed via subscription by holding tender. The issuer does not offer securities with involvement of professional participants of the securities market who provide to the issuer services on placement of securities. Simultaneously with placement of securities it is not planned to suggest purchasing of previously placed (circulating) securities of the issuer of the same class, category (type), including outside of the Russian Federation via offering of the respective foreign securities. The Issuer and/or its authorized person does not intend to conclude provisional contracts containing an obligation to conclude the principal contract in future aimed to carve-out the securities offered to the first owner; or collect preliminary applications for purchasing securities. The issuer is not an economic society having strategic importance for national defense and security; and in order to conclude contracts aimed to curve-out the issuer’s securities to the first owners in the course of offering it is not required to obtain preliminary approval of the mentioned contracts in accordance with the Federal law “On the procedure of foreign investments in economic societies having strategic importance for national defense and security. Securities are the registered securities; the register of owners of the securities is maintained by a registrar. A person to whom the issuer gives (sends) a transfer order as the basis for making credit entry to a personal account of the first buyer (the registrar, first buyer) as well as other conditions of issuing the transfer order: Full trade name of the registrar: Open joint stock company “Central Moscow Depository” Abbreviated trade name: JSC “CMD” Location: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082. License of professional participant of securities market to maintain register of the owners of registered securities: № 10-000-1-00255 Date of issue: 13.09.2002. Validity of license: unlimited duration. Authority issued the license: Federal Service on securities market. Upon the state registration of the additional issue of securities the Issuer submits to the registrar the registered Resolution on the additional issue of securities; and the securities of the additional issue are credited to the issuer account opened in the register of the owners of the Issuer’s securities maintained by the registrar. The Issuer executes and transfers to the registrar a transfer order for the respective amount of shares to be transferred to personal (custody) accounts of buyers of the stock within 3 (three) working days from the date of payment for the stock purchased by the buyer but not later than the end-date of the offering. Credit entries to personal (custody) accounts of buyers of the stock within the system of registering the owners of the Issuer’s securities/ the system of depository accounting of a nominee holder of the Issuer’s shares are made upon full payment of the shares purchased by the respective buyer; and not later than the end-date of the stock offering. 2.8. Circle of potential buyers of the issued securities offered Shares are placed via public subscription among undefined and unlimited set of people. 2.9. Procedure of disclosing information about offering and results of the offering of the issued securities The Issuer discloses information after each stage of the issue of shares as well as discloses information in quarterly reports and disclosures of significant events in the form of information that may have significant impact on the issuer’s securities value in accordance with the procedure stipulated by the Federal law “On securities market” dated 22.04.1996 No 39-FZ (with further changes and additions), the Federal law “On joint stock companies” dated 26.12.1995 No 208-FZ (with further changes and additions), as well as “The Regulation on disclosing information by issuers of securities” approved by the Order of the FSFM of Russia dated 10.10.2006 No 06-117/pz-n (hereinafter referred to as “the Regulation”). If at the moment of occurrence of the event to be disclosed by the issuer the respective federal laws as well as normative and legal acts of the federal body of the executive authority in securities market stipulate procedure and terms of disclosing different from those stipulated by the Resolution on the additional issue of securities and the Prospectus of issue of securities; then the disclosure is made in accordance with the procedure and within the terms stipulated by the federal laws and normative and legal acts of the federal body of the executive authority in securities market effective at the moment of the occurrence of the event. All information to be disclosed on the issuer Web-site in accordance with the Regulation and other normative and legal acts of the federal body of the executive authority in securities market is available during the period stipulated by these normative and legal acts at the following address: www.fsk-ees.ru. The Issuer provides access to the information in each disclosure to any stakeholder including disclosures about significant events published by the issuer in accordance with the Regulation, as well as in the registered Resolution on the additional issue of securities, Prospectus of issue of securities and changes and/ or additions to them, in the report on results of the additional issue of securities, quarterly report and other documents subject to mandatory disclosure in accordance with section VIII of the Regulation by placing their copies at the address (at location) of the permanent executive body of the issuer recorded in the Unified state register of legal entities. The issuer submits copies of each statement including copies of each disclosure of significant fact published by the issuer in accordance with the Regulation as well as copies of the registered Resolution on the additional issue of securities, of Prospectus of issue of securities and changes and/ or additions to them, the report on results of the additional issue of securities, quarterly report and other documents subject to mandatory disclosure in accordance with section VIII of the Regulation to the owners of securities of the issuer and other stakeholders upon their request at a charge that should not exceed cost of making such copies within 7 (seven) working days from the date of presenting a request. Documents copies that in accordance with the legislation of the Russian Federation are not intended for permanent storage by the issuer are provided by the issuer upon request from stakeholders within the storage period stipulated for such documents. The issuer provides copies of the documents certified by an authorized person of the issuer. In case when on the last day of the period stipulated by the Regulation for mandatory disclosure or providing copy of the documents falls on non-working day; the next following working day is considered the end date pf such period. 1. At the stage of decision-making about securities offering the Issuer discloses this information in the form of the statement about significant fact “the Statement about the stages of the securities issue” through publishing is in the news release and on the Web-site. The Issuer publishes the information about the resolution made on the securities offering within the following period from the date of the minutes of the meeting of the Issuer’s authorized body where the resolution about the securities offering was approved: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: http://www.fsk-ees.ru – within 2 (two) days; In addition, the Issuer should send the statement about significant fact “the Statement about the stages of the securities issue” to the registering authority within 5 (five) days from the date of the minutes (the end date of the period stipulated by the legislation of the Russian Federation for preparing minutes) of the meeting of the Issuer’s authorized body where the resolution about the securities offering was approved. 2) At the stage of approving the Resolution on the additional issue of securities the Issuer discloses this information in the form of the statement about significant fact “the Statement about the stages of the securities issue” through publishing is in the news release and on the Web-site. The Issuer publishes the information about approval of the resolution on the additional issue of securities within the following period from the date of the minutes (the end date of the period stipulated by the legislation of the Russian Federation for preparing minutes) of the meeting of the Issuer’s authorized body where the resolution on the additional issue of securities was approved: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: http://www.fsk-ees.ru – within 2 (two) days; In addition, the Issuer should send the statement about significant fact “the Statement about the stages of the securities issue” to the registering authority within 5 (five) days from the date of the minutes (the end date of the period stipulated by the legislation of the Russian Federation for preparing minutes) of the meeting of the Issuer’s authorized body where the resolution on the additional issue of securities was approved. 3) The Issuer discloses information about the state registration of the additional issue of securities in the form of the statement about significant fact “the Statement about the stages of the securities issue” through publishing is in the news release and on the Web-site. The Issuer publishes the information about state registration of the additional issue of securities within the following period from the date of publishing the information about the state registration of the additional issue of securities on the Web-site of the registering authority or the date of receipt by the issuer of written notification from the registering authority about the state registration of the additional issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest: • in the news release of the information agency “Interfax” – within 1 (one) day; on the Issuer’s Web-site at: http://www.fsk-ees.ru – within 2 (two) days; • in the newspaper “Rossiyskaya Gazeta” – within 10 (ten) days. In doing so, posting of the information to the Web-site is made upon publishing this information in the news release. In addition, the Issuer should send the statement about significant fact “the Statement about the stages of the securities issue” to the registering authority within 5 (five) days from the date of disclosing information about the state registration of the additional issue of securities on the Web-site of the registering authority or the date of receipt by the issuer of written notification from the registering authority about the state registration of the additional issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. The registered Resolution on the additional issue of securities and the registered Prospectus of issue of securities will be posted on the Web-site of the Issuer at http://www.fsk-ees.ru within at least 2 (two) days from the date of publishing the information about the state registration of the additional issue of securities of the issuer on the Web-site of the registering authority or the date receipt by the issuer of written notification from the registering authority about the state registration of the additional issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. The registered Prospectus of the additional issue of securities will be available on Web-site from the date of its posting to the Web-site till the date of retirement (cancellation) of all the securities of the issue. The registered Prospectus of the additional issue of securities will be available on Web-site from the date of its posting to the Web-site till the end of at least 6 months from the date of posting to the Web-site of the registered report on the results of the additional issue of securities. Starting from the date of the state registration of the additional issue of securities all stakeholders can survey the Resolution on the additional issue of securities and the Prospectus of the issue of the securities and obtain copies of these documents at the following address of JSC FGC UES: 5A, Akademika Chelomeya street, Moscow, 117630, tel.: (495) 710-92-02, fax: (495) 710-96-41, Web-site address: http://www.fsk-ees.ru. Upon request from owners of the securities and other stakeholders the Issuer and/or the registrar who maintains the register of the owners of the registered securities of the Issuer must provide copies of the mentioned documents to the owners of the Issuer securities and to other stakeholders at a charge not exceeding cost of making such copies within at least 7 (seven) days from the date of the request. 4) Upon the state registration of the additional issue of securities and disclosing information about the offering price of the additional shares, including to persons having the pre-emptive right of purchasing the additional stock offered, not later than on 01.03.2009 the Issuer should notify persons having the pre-emptive right of purchasing the additional securities offered, about the possibility to execute such pre-emptive right by publishing notification in the newspaper “Rossiyskaya Gazeta” and registered mailing (or delivery) to each person indicated in the list of persons having the pre-emptive right of purchasing the additional securities offered. Simultaneously, the Issuer posts the notification about the possibility to execute the pre-emptive right of purchasing stock (hereinafter referred to as “the Notification”) on the Web-site at http://www.fsk-ees.ru. 5) Information about the offering price of the additional stock including to persons having the pre- emptive right of purchasing the additional stock offered is disclosed by the Issuer in the news release of the informational agency “Interfax” and on its Web-site at www.fsk-ees.ru not later than 1 day prior to the date of the securities offering start-up date. 6) The Issuer should publish the information about the start-up date of the offering of the securities within the following period: • in the news release of the informational agency “Interfax” – not later than 5 (five) days prior to the date of the securities offering start-up; • on the Issuer’s Web-site at http://www.fsk-ees.ru – not later than 4 (four) days prior to the date of the securities offering start-up. The Issuer should send the information about the start-up date of the securities issue to the registering authority within 5 (five) days from the date of the occurrence of the event. The Issuer discloses the information about the start-up of the stock offering in the form of the statement about the significant fact “the Statement about the stages of the securities issue” within the following period from the date of the start-up of the stock offering: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: http://www.fsk-ees.ru – within 2 (two) days; In addition the Issuer should send to the registering authority the information about the significant fact “the Statement about the stages of the securities issue” within at least 5 (five) days from the date of the stock offering start-up. The Issuer should publish the information about changing the date of the securities offering start-up in the news release and on its Web-site in case when the Issuer made a decision to change this date. The Issuer should publish the information about changing the date of the securities offering start-up date within the following period: • in the news release of the information agency “Interfax” – not later than 1 (one) prior to such date; • on the Issuer’s Web-site at: http://www.fsk-ees.ru – not later than 1 (one) day prior to such date. In doing so, posting of the information to the Web-site is made upon publishing this information in the news release. In addition the Issuer should send to the registering authority the information about changing the date of the securities offering start-up within at least 5 (five) days from the date of the occurrence of the event. 7) Within 1 (one) day after summarizing the execution of the pre-emptive right of purchasing shares the Issuer discloses this information in the news release of the information agency “Interfax” and on its Web-site at http://www.fsk-ees.ru, indicating the following details: • class, category (type) and for of the securities offered; offering price of the securities; actual start-up and end dates of the validity of the pre-emptive right; number of actually placed securities to persons included in the list of persons having the pre-emptive right of purchasing the additional shares; • number of shares subject to offering to unlimited set of people. 8) For the purpose of concluding contracts on purchasing shares simultaneously with disclosing the results of executing the pre-emptive right of purchasing the shares the Issuer publishes an invitation to submit offers to purchase shares in the news release on the information agency “Interfax” and on its Web-site at http://www.fsk-ees.ru addressed to undefined set of people. 9) In case when during the period of the securities offering the Issuer makes a decision to introduce changes and/or additions to the Resolution on the additional issue of securities and/ or the Prospectus of issue of securities and/ or if the Issuer receives written request (order, ruling) of the state body authorized in accordance with the legislation of the Russian Federation to make decision on suspension of the securities offering (hereinafter referred to as “the authorized body); the Issuer must suspend the securities offering and publish a statement about suspending the securities offering in the news release and on its Web-site. The Issuer should publish information about suspending the securities offering within the following period from the date of the minutes (the end date of the period stipulated by the legislation of the Russian Federation for preparing minutes) of the meeting of the Issuer’s authorized body where the resolution on introducing changes and/or additions to the Resolution on the issue of securities and/or the Prospectus of issue of securities; and in case of changing conditions stipulated by the resolution on the securities offering – the date of the minutes (the end date of the period stipulated by the legislation of the Russian Federation for preparing minutes) of the meeting of the Issuer’s authorized body where the resolution on introducing such changes, or the date when the Issuer receives written request (order, ruling) of the state body authorized in accordance with the legislation of the Russian Federation to make decision on suspension of the securities offering via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; In case when the securities offering is suspended due to a resolution of the registering authority on suspending the issue of securities then the Issuer discloses information about suspending the securities offering in the form of the statement about the significant fact “the Statement about the stages of the securities issue”: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; The moment of occurrence of the significant fact containing information about suspending the issue of securities is considered to be the date of posting the information about suspending of the securities issue on the Web-site of the registering authority; or the date when the issuer receives written notification from the registering authority about suspending of the issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. In addition the Issuer should send to the registering authority the statement about significant fact “the Statement about the stages of the securities issue” within at least 5 (five) days from the date of the occurrence of the event. 10) Upon registration during the period of the securities offering of changes and/or additions to the Resolution on the additional issue of securities and/or the Prospectus of issue of securities; a decision on refusal to register such changes and/or additions, or upon receipt of written notification (order, ruling) of the authorized body about permission to resume the securities offering (termination of the basis for suspending the securities offering) the Issuer should publish the statement about resuming the securities offering in the news release and on the Web-site. The Issuer should publish information about resuming the securities offering within the following period from the date of disclosing the information about registration of changes and/or additions to the Resolution on the additional issue of securities and/or the Prospectus of issue of securities; or about refusal to register such changes and/or additions on the Web-site of the registering authorities; or about receiving the written notification from the registering authority about registration of changes and/or additions into the resolution on the additional issue of securities; or about refusal to register such changes and/or additions; or written notification (order, ruling) from the authorized body about resuming the securities offering (termination of the basis for suspending the securities offering) via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; In case when the securities offering is resumed due to a resolution of the registering authority on resuming the issue of securities then the Issuer discloses information about resuming the securities offering in the form of the statement about the significant fact “the Statement about the stages of the securities issue”: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; The moment of occurrence of the significant fact containing information about resuming the issue of securities is considered to be the date of posting the information about resuming of the securities issue on the Web-site of the registering authority; or the date when the issuer receives written notification from the registering authority about resuming of the issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. In addition the Issuer should send to the registering authority the statement about significant fact “Information about suspending and resuming the issue of securities” within at least 5 (five) days from the date of the occurrence of the event. It is not allowed to resume the issue of securities prior to disclosing information about resuming the offering of securities in the news release and on the Web-site. 11) The issuer undertakes to disclose information in case when the issue (the additional issue) of securities is recognized rejected or void in the form of disclosing significant fact “Information about recognizing the issue (the additional issue) of securities rejected or void” within the following period from the moment of occurrence of the event: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; The moment of occurrence of the significant fact containing information about recognizing the issue (the additional issue) of securities void is the date of posting the information about recognizing the issue of securities void on the Web-site of the registering authority; or the date when the issuer receives written notification from the registering authority about recognizing the issue (the additional issue) of securities void via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. The moment of occurrence of the significant fact containing information about recognizing the issue (the additional issue) of securities rejected is the date when the issuer receives the effective (the date of receipt by the issuer of the effective) judicial act (resolution, ruling, order) about recognizing the issue (the additional issue) of securities rejected. In addition the Issuer should send to the registering authority the statement about significant fact “Information about recognizing the issue (the additional issue) of securities as rejected” within at least 5 (five) days from the date of the occurrence of the event. 12) Information about completion of the stock offering is disclosed by the Issuer in the form of the statement about the significant fact “Information about the stages of the issue of securities” within the following period from the date of completion of the stock offering: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; In addition the Issuer should send to the registering authority the statement about significant fact “Information about suspending and resuming the issue of securities” within at least 5 (five) days from the date of the occurrence of the event. In addition the Issuer should send to the registering authority the statement about significant fact “Information about the stages of the issue of securities” within at least 5 (five) days from the end-date of the security offering. 13) Information about the state registration of the report on the results of the additional issue of securities is disclosed in the form of the statement about significant fact “Information about the stages of the issue of securities”. The moment of occurrence of the significant fact containing information about the state registration of the report on the results of the additional issue of securities is the date of posting the information about the state registration of the report on the results of the additional issue of securities on the Web-site of the registering authority; or the date when the issuer receives written notification from the registering authority about the state registration of the additional issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. The issuer discloses the information in the form of the statement about significant fact in accordance with the following order: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; The statement about the significant fact should be available on the Web-site during at least 6 (six) months from the date of its posting on the Web-site. The issuer should send the statement about the significant fact to the registering authority within 5 (five) days from the moment of occurrence of the mentioned fact. The registered report on the results of the additional issue of securities should be posted on the Web-site of the Issuer at http://www.fsk-ees.ru within at least 2 (two) days from the date of publishing the information about the state registration of the report on the results of the additional issue of securities on the Web-site of the registering authority or the date receipt by the issuer of written notification from the registering authority about the state registration of the report on the results of the additional issue of securities via mail, fax or electronic mail, delivery in person depending on which of the mentioned dates is the earliest. The registered report on the results of the additional issue of securities should be available on the Web- site during at least 6 (six) months from the date of its posting on the Web-site. 14) The Issuer discloses information in the form of statements about significant facts in accordance with the procedure stipulated by the current legislation of the Russian Federation, including normative and legal acts of the federal body of the executive authority in the securities market. The Issuer discloses information about the significant fact within the following period from the date of occurrence of such significant fact: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; In doing so, the information is posted on the Web-site upon publishing this information in the news release. Statements about significant facts should be available on the Issuer’s Web-site at www.fsk-ees.ru during at least 6 (six) months from the date of their publishing. In addition, the Issuer should send statements about the significant facts to the registering authorities within at least 5 (five) days from the moment occurrence of significant facts. 15) The Issuer makes disclosures in the form of statements of the events that may have significant impact on the value of the securities of the issuer. Statements about information that may have significant impact on the value of the securities of the issuer should be published within the following period from the moment of occurrence of the respective event: • in the news release of the information agency “Interfax” – within 1 (one) day; • on the Issuer’s Web-site at: www.fsk-ees.ru – within 2 (two) days; In doing so, the information is posted on the Web-site upon publishing this information in the news release. Each statement about information that may have significant impact of the value of the securities of the issuer will be available on the Web-site www.fsk-ees.ru during at least 6 (six) months from the date of posting the statement on the Web-site, if other period of availability of the mentioned information is not stipulated by the Regulation. Statements about information that may have significant impact on the value of the securities of the issuer will be sent to the registering authority by the issuer within at least 5 (five) days from the moment o occurrence of the respective event. 16) The Issuer discloses information in the form of quarterly report of the issuer of securities in accordance with the procedure stipulated by the current legislation of the Russian Federation including by normative and legal acts of the federal body of the executive authority in the securities market. Quarterly report is prepared on the basis of the results of each quarter and is submitted to the registering authority not later than 45 (forty five) days from the end of the reporting quarter. The Issuer publishes its quarterly report on the Web-site at www.fsk-ees.ru within 45 (forty five) days from the end of the respective quarter. The quarterly report will be available on the Issuer’s Web-site at www.fsk-ees.ru within at least 3 (three) years from the date of its publication. Statement about the procedure of accessing the information in the quarterly report will be published not later than 1 (one) day from the date of its posting on the Web-site and its publishing in the news release. Upon request from a stakeholder, the Issuer and/or registrar keeping the register of owners of registered securities of the issuer must provide a copy of the present resolution about the issue (additional issue) of securities at a charge. III. Basic information about financial and economic position of the issuer1 3.1. Financial and economic performance of the issuer Dynamics of performance characterizing financial position of the Issuer for the last 5 complete financial years or for every complete financial year is the issuer carries out its business for less than 5 years, and also for the last complete reporting period prior the date of approval of the prospectus on issue of securities: 6 month of Performance indicator 2003 2004 2005 2006 2007 2008 Net assets of the issuer, RUR ths. 121,615,232 129,121,058 134,729,239 140,077,982 204,785,566 324,075,345** Debt to equity and reserves ratio, % 1.0 6.5 17.92 53.56 44.85 15.4** Current liabilities to equity and 1.0 2.6 3.82 32.17 33.62 8.3** reserves ratio, % Debt service payments coverage 1,009.2 404.3 261.5 130.6* 79.21* 42.48 ratio, % Overdue debt, % ------Accounts receivable turnover, times 4.87 3.49 2.96 2.43 1.43 0.62 Dividend payout ratio, % 0 0 18.58 32.06 16.55 - Production rate, RUR ths/man 1,749.70 2,285.20 2,572.30 2,960.80 2,918.36 3,026 DDA to revenues ratio, % 62.4 51.8 45.76 27.60 27.40 27.8 Performance indicators were calculated under methodology recommended by the Regulation on information disclosure approved by the Order of the Federal service on financial markets dated 10.10.2006 No 06-117/pn-z. * As of the end of 2006 and 2007 the authorized capital of JSC FGC UES is in the process of increasing in accordance with the plan of electric power industry restructuring. In the result the accounting statements within other current liabilities include current liabilities to founders under contributions to the authorized capital in the amount of RUR 34,338,800 ths (for 2006) and RUR 47,404,914 ths (for 2007). Taking in to account the fact that upon registration of the report on the results of the additional issue of shares with the FSFM of Russia the above mentioned liabilities were transferred into the authorized capital, for the purpose of correct assessment of the financial position it is advisably to liken the above mentioned liabilities to the authorized capital. ** The reporting period (six months of 2008) relates to the final stage of electric power industry restructuring. Transfer of assets from JSC RAO UES of Russia for investment program financing was executed including promissory notes. For the purpose of adequate assessment of the financial position of the Company the alternative calculation of indicators was made where the amount of liabilities under bill of exchange loans (RUR 45,223.2 m) is included into the equity capital of the Company. Analysis of business solvency and financial position of the Issuer based on economic analysis of dynamics of the given indicators (taking into account calculation of indicators for 6 months of 2008): • net assets value for 2003-2007 has increased that positively effect the financial position of the Issuer; during six months of 2008 a significant increase is observed. debt to equity and reserves ratio in 2003-2006 tends to increase except for minor fall in 2007 as compared to 2006. During six months of 2008 the ratio reduces to 8.3%. current liabilities to equity and reserves ratio in 2003-2007 tends to increase, however during six months of 2008 the ration has decreased. • debt service payments coverage ratio in 2003-2007 and during 6 months of 2008 tends to decrease.

1 This section contains the accounting (financial) information for the six months of 2008 that is not audited. 3.2. Market capitalization of the issuer Information about market capitalization of the Issuer is not provided as for the last 5 years and as of the end of the last complete reported period prior to the date of approval of the prospectus of issue of securities the ordinary registered shares of the Issuer were not accepted for circulation of securities market by the institutor of trade. 3.3. Obligations of the issuer 3.3.1. Accounts payable Information about total amount of accounts payable of the issuer (sum of long-term and short-term liabilities less accounts payable to founders, deferred income, provisions for future expenses and payments and deferred tax liabilities) with separate indication of the amount of overdue accounts payable for the last 5 complete financial years:

Item description 2003 2004 2005 2006 2007 Total amount of accounts payable, RUR ths. 1,168,843 8,346,413 24,142,822 75,120,596 91,844,741 Total amount of overdue accounts payable, RUR ths. - - - - - There are no overdue accounts payable. The structure of Accounts payable of the Issue indicating period to maturity of 2007 liabilities:

Maturity date Accounts payable Less than one year Less than one year Accounts payable to suppliers and contractors, RUR ths. 8,572,693 – including overdue payables, RUR ths. – Х Accounts payable to employees of the organization, RUR ths. 75,287 – including overdue accounts payables, RUR ths. – Х Accounts payable to the budget and the state non-budgetary funds, RUR 185,856 – ths. including overdue accounts payable, RUR ths. – Х Borrowings, RUR ths. 107,274 5,000,000 including overdue borrowings, RUR ths. – Х Total loans, RUR ths. 7,156,469 18,000,000 including overdue loans, RUR ths. – Х including bonded loans, RUR ths. 7,000,000 18,000,000 including overdue bonded loans, RUR ths. – Х Advances received, RUR ths. 3,732,442 - Other accounts payable, RUR ths. 49 014 720 - including overdue accounts payable, RUR ths. – Х Total accounts payable, RUR ths. 68,844,741 23,000,000 including overdue accounts payable, RUR ths. – Х

Information about creditors amount to not less than 10 per cent out of total accounts payable for 2007: The Russian open joint stock company of electric power and electrification “UES of Russia”, JSC RAO UES of Russia – as of 31.12.2007 accounts payable to it amounted RUR 47,404,914,098.34 (JSC FGC UES stock offering in favor of JSC RAO UES of Russia), total share in accounts payable amounts 76.97%. Location: 101, building 3, Vernadskogo prospect, Moscow 119526; JSC RAO UES of Russia is an affiliated entity to JSC FGC UES. Ownership interest of JSC FGC UES in the authorized capital of JSC RAO UES of Russia – 0.00% Percentage of ordinary shares of JSC RAO UES of Russia owned by JSC FGC UES – 0.00%. Ownership interest of JSC RAO UES of Russia in the authorized capital of JSC FGC UES as of 31 December 2007 – 87.56% Percentage of ordinary shares of JSC FGC UES owned by JSC RAO UES of Russia as of 31 December 2007 – 87.56% Prior to introducing changes to the Articles of Association of JSCFGC UES these liabilities under contributions to the authorized capital were included in accounts payable. The structure of Accounts payable of the Issue indicating period to maturity of liabilities for 6 months of 20082:

Accounts payable Maturity date Less than one Less than one year year Accounts payable to suppliers and contractors, RUR ths. 9,883,241.00 - including overdue payables, RUR ths. 1,377.00 X Accounts payable to employees of the organization, RUR ths. 243,281.00 — including overdue accounts payables, RUR ths. 0.00 X Accounts payable to the budget and the state non-budgetary funds, RUR ths. 254,577.00 - including overdue accounts payable, RUR ths. 0.00 X Borrowings, RUR ths. 104,578.00 5,000,000.00 including overdue borrowings, RUR ths. 0.00 X Total loans, RUR ths. 52,329,409.00 17,980,000.00 including overdue loans, RUR ths. 0.00 X including bonded loans, RUR ths. 52,329,409.00 17,980,000.00 including overdue bonded loans, RUR ths. 0.00 X Other accounts payable, RUR ths. 8,768,553.00 - including overdue accounts payable, RUR ths. 3,684.00 X Total accounts payable, RUR ths. 71,583,639.00 22,980,000.00 including overdue accounts payable, RUR ths. 5,061.00 X Information about creditors amount to not less than 10 per cent out of total accounts payable for the period of 6 months of 2008 There are no creditors amount to not less than 10 per cent out of total accounts payable. 3.3.2. Credit history of the issuer During the last five years JSC FGC UES did not conclude loans agreements or credit contracts that were or are valid before or as of the end of the last complete reporting period prior to the date of approval of the prospectus of issue of securities with principal debt amounting 5 or more per cent of the assets book value. During the last five years as well as for the last complete reporting period prior to the date of approval of the prospectus of issue of securities JSC FGC UES did not issue bonds with total nominal value of each issue amounting to 5 and more percent of the Company assets book value.

2 This section contains the accounting (financial) information for the six months of 2008 that is not audited. 3.3.3. Liabilities of the issuer resulting from guarantees provided to third parties Information about the total amount of liabilities of the Issuer resulting from guarantees provided to third parties and about the total amount of liabilities of third parties guaranteed by the Issuer, including guarantees in the form of pledge or security as of the date of the end of each of the last 5 complete years: Item description 2003 2004 2005 2006 2007 Total amount of liabilities of the issuer resulting from guarantees provided (RUR, 108,258 1,336,338 672,764 419,460 389,741 ths.) Total amount of liabilities of third parties 108,258 1,336,338 672,764 419,460 389,741 guaranteed by the Issuer (RUR, ths.) Information about each liability of the Issuer under guarantees provided to third parties, including guarantees in the form of pledge or security, for the last complete financial year and the last complete reporting period prior to the date of approval of the Prospectus of issue of securities, that amounts at least 5 percent of book value of the Issuer assets: • there are no liabilities of the Issuer under guarantees provided to third parties, including guarantees in the form of pledge or security, for six months of 2008 amounting to at least 5 percent of the assets book value for 6 months of 2008; • there are no liabilities of the Issuer under guarantees provided to third parties, including guarantees in the form of pledge or security, for 2007 and amounting to at least 5 percent of the assets book value for 2007. 3.3.4. Other liabilities of the issuer There are no agreements with the Issuer including forward contracts not recognized in the balance sheet that could have significant impact on financial position of the Issuer, its liquidity, financial resources and their usage, operating results and expenditures. 3.4. Purposes of the issue and plans for using funds resulting from the issuing securities offering The main purpose of the issue of additional ordinary shares placed through public offering is to attract investments. Funds resulting from the stock offering are used to provide reliable operations, increase efficiency of the Unified national (all-Russia) electric grid (UNEG) and to implement other statutory goals of the Issuer activity. On 15.05.2008 the Board of Directors of JSC FGC UES approved the five-year investment program of the company which fulfillment is required to increase reliability of operations of the unified electric grid, provide uninterrupted energy supply to customers, remove network constrains and create possibilities of connecting additional customer load. Both equity funds of JSC FGC UES and funds from the federal budget contributed by the Russian Federation as payment for the shares of additional issue of JSC FGC UES are the sources of financing the investment program. The Federal law No 198-FZ dated 24.07.2007 “On the federal budget for 2008 and planning period of 2009 and 2010” provides budgetary allocation to the authorized capital of JSC FGC UES in the amount of RUR 51,647,500 ths. in 2009. In addition to monetary funds provided by the federal budget, assets related to the Unified national electric grid are planned for contribution to the authorized capital of JSC FGC UES. 3.5. Risks related to acquisition of the issuing securities offered Investments in securities of the Issuer relate to a certain level of risk. Therefore potential investors should carefully study the factors given below prior to making any investment decision. Each of these factors may have significant adverse effect on economic activity and financial position of the Issuer. The Russian securities market is at initial stage and currently is not sufficiently economically efficient, exposed to factors of political and speculative nature. Volume of the Russian stock market is lower and volatility is significantly higher than in west-European and American markets. Liquidity of the most Russian stock is currently immaterial; spreads between purchasing and selling prices could be significant. Below there is detailed analysis of risk factors related to acquisition of the Shares offered, in particular: • - industry risks; - sovereign and regional risks; - financial risks; - legal risks; • - risks related to the Issuer activity. Risk management policy of the Issuer: The Issuer policy in respect of risk management is based on complex approach to risk assessment and mitigation. In case if one or more of the above mentioned risks appear, the Issuer will undertake all the measures possible to limit their adverse impact. Currently it is impossible to determine specific actions and obligations of the Issuer in case of occurrence of any of the events mentioned in the risk factors as planning of adequate response measures is hampered by the uncertainty of future developments. Parameters of measures will depend on specific nature of the situation existing in each particular case. The Issuer can not guarantee that measures aimed to overcome negative changes occurred will lead to significant improvement of the situation as the absolute majority of the mentioned risks are beyond the control of the Issuer. 3.5.1. Industry risks Electric power industry is mostly the infrastructural sector of the economy. Most of end users of the industry production are located on the territory of the Russian Federation. Insignificant share of electric power generated in the industry is exported. Thus, forecasted trend of the industry is determined by the general trend of social and economic development of all the rest sectors of the economy of the Russian Federation, by movements in demand of household consumers and also to a certain extend by climatic (water content levels) and weather (average annual temperature) conditions in Russia. Considering positive trend of industrial output, an increase could be assumed in the nearest future in respect of electric power consumption transmitted via JSC FGC UES grids. Impact of potential aggravation of the industry situation on the Issuer activity and fulfillment of its obligations under securities. The most significant according to the Issuer possible developments in the industry are given (separately on domestic and external markets) as well as expected actions of the Issuer in the given situation. Developments in the electric power industry that are the most significant for JSC FGC UES are as follows: Risks related to potential price changes for raw materials, services used by the Issuer in its operations (separately on domestic and external markets) and their impact on the Issuer activity and fulfillment of obligations under securities. Being an infrastructural organization of the wholesale market, JSC FGC UES does not participate in the process of production and consumption of electric power (excluding for its auxiliaries). In this respect the main result of its activity is technical maintenance of the Unified national (all-Russia) electric grid for the purpose of providing for reliability of electric power transmission that does not significantly depend on any materials or supplies that is typical for processing industries of the economy. Forecasted prices for external services as well as for equipment and materials used in operations of JSC FGC UES do not contain significant price increase risks in the nearest future. Risks related to potential change of prices on production and/or services of the Issuer (separately on domestic and external markets) and their impact on the Issuer activity and fulfillment of its obligations under securities. Primary income source of the Issuer is service fee for transferring electric power via the Unified national (all-Russia) electric grid; the amount of service fee is stipulated by the Federal tariff service (the Federal energy commission of the Russian Federation). Tariff suggestions under the Issuer financial plans for the next three years (2009-2010) providing for the Issuer expenditures for conducting assigned functions were developed in accordance with the Order of the Federal tariff service dated 05 August 2008 No 127- e-1 “On overall level of electric power tariffs for 2009” and submitted to the Ministry of economic development of Russia, to the Ministry of industry and energy of Russia. Major risk represents possible adjusting of service fee amount preliminary approved by the Government of the Russian Federation and the Federal tariff service that would require material adjustments to the planned expenditure including changes to the investment program as the amount of service fee for transferring electric power via the Unified national (all-Russia) electric grid was based on the planned volumes taken into account in determining overall tariff level for electric power for 2009-2010. The issuer assumes that impact of aggravation of the industry situation on the activity of the Issuer and its subsidiary and associated companies could be related to operational (industrial) risks due to physical depreciation, non-fulfillment of operating conditions and critical change of equipment working condition parameters. Realization of these risks may result in equipment breakdown and facilities damages. System breakdown may lead to splitting up the energy system, rolling blackouts, critical operation of main equipment. Risk management related to compliance with industrial safety requirements within the framework of industrial risk management system of the Issuer and its subsidiary and associated companies is ensured via compliance with the federal legislation in the area of industrial safety based on operative system of production control over compliance with industrial safety standards in the abovementioned companies. Also there is a risk of uncertainty of overall amount of services of transferring electric power due to lacking of economic development plans in certain entities of the Russian Federation specifying energy consumption growth dynamics for a certain period. The abovementioned circumstances make it impossible to accurately forecast volume of investments in the industry to satisfy growing demand for electric power in the medium and long-term perspective. Generally this risk impacts on obligations in provision of services of transferring electric power. The following measures are taken to mitigate this risk: • working together with the state bodies of the entities of the Russian Federation and local authorities on developing economic growth plans for the regional development in the medium and long-term perspective; • defending tariffs on transferring electric power with the state authorities taking into account the investment component aimed to increase transfer capability of power network equipment. Taking into account all the facts mentioned above the issuer believes that potential aggravation of the situation within the industry, negative changes in the course of operating and expanding the electric power network complex could have impact on JSC FGC UES activity but should not influence significantly the issuer’s performance of obligations under securities. In accordance with the Forecast of social and economic development of the Russian Federation for 2007, forecast parameters for the period to 2009 and overall price (tariff) level for products (services) of natural monopolies entities, domestic electric power tariffs for the forecasted period will grow faster than tariffs for other customer groups. In 2008 tariff growth will not exceed 11%. Be initially estimated, growth of average transfer prices for end users (except for domestic consumers) may amount to 13-15.5% in 2008. In accordance with information of the Federal service of the state statistics, maximum increase in industrial producer prices was observed in fuel and energy resources production; including for crude oil and associated (petroleum) gas – by 12.7%, coal, brown lignite and lignum fossil – by 6.0%. Among manufacturing activity prices for certain oil products had increased remarkable: kerosene oil – by 32.9%, fuel oil and petroleum asphalt – by 13.3%, motor gasoline – by 12.9%, diesel fuel – by 11.4%, lubricating oil – by 11.3%. 3.5.2. Sovereign and regional risks The Issuer is registered as a taxpayer and carries out activity on the whole territory of the Russian Federation. Due to the fact that electric power industry is an infrastructural sector of the economy, sovereign risks of the Issuer are fully depend on the economic and political situation in the Russian Federation in general. The economy of the Russian Federation is still characterized by certain features of emerging market, in particular: inconvertibility of the Russian ruble in the most countries, currency control as well as comparatively high inflation. The existing Russian tax, currency and customs legislation allows various interpretations and is subject to frequent changes. Political risks Political, economic and social changes are still in progress in Russia. Being the country with transition economy Russia does not have developed business and legal infrastructure yet. Furthermore the Government of the Russian Federation still does not complete restructuring aimed to establishing banking, judicial, tax, administrative and legal systems. These risks remain in the modern Russian economy that leads in particular to such results as inconvertibility of national currency outside Russia, onerous foreign currency control, poor liquidity existing on long-term credit and investment markets as well as still high level of inflation. Imposing public emergency and staging of a large-scale strike will not have significant impact on the Issuer operations; these risks are minimal and unlikely. В In case of potential military involvement the Issuer bears risks of disabling its fixed assets. However probability of military involvements is also estimated as unlikely. Economic risks Economic factors generally are beyond the control of the Issuer. Although the economic situation has tendency for improvement, economic outlook of the Russian Federation depends in many ways on efficiency of economic measures, financial mechanisms and monetary policy undertaken by the Government ad well as on developments of fiscal, legal and political systems. In case if changes in the situation in the country has negative impact on the company operations, the Issuer intends to fulfill all necessary measures required to reduce impact of such changes on its operations, including reduction of production cost, expenses and investment plans. Environmental risks Considering current operations of the Issuer, environmental risks relate to execution of investments programs approved by the Board of Directors in respect of complying with norms during construction of new sub-station, renovation of operating and construction of new power transmission lines. Technological risks In terms of technological risks the most significant are factors of large territorial stretch of power transmission lines through sparsely populated areas and adverse force majeure natural effects. In respect of adverse natural effects JSC FGC UES has an appropriate property insurance program for high-voltage transmission lines and sub-stations, program funds were fully considered by regulating authorities when determining transmission tariffs. This circumstance enables state with certainty that the abovementioned risks are minimal. Risks related to geographic features of the country (countries) and the region where the Company is registered as a taxpayer and/or carries out its core activity including heightened danger of natural disasters, potential interruption of traffic due to remoteness and/or difficult access, etc. Risks related to geographic features of the region including heightened danger of natural disasters, potential interruption of traffic due to remoteness and/or difficult access do not have significant impact on the issuer as the region where the issuer carries out its activity is nearly exposed to such risks. As the Company is registered as a taxpayer in seismologic favorable region (the city of Moscow) with well align transport infrastructure; risks related to geographic features of the region including heightened danger of natural disasters, potential interruption of traffic due to remoteness and/or difficult access are assessed as minimal. Probability of disasters of industrial nature is insignificant. Currently number of operating enterprises using toxic, flammable or radioactive materials has decreased significantly as compared with the period prior to 1990. Such enterprises which operations endangered environment and population are under tight control of inspecting organizations. 3.5.3. Financial risks Minor exchange rate fluctuations will not have noticeable impact on the Issuer operations. Revenues of the Issuer for rendering electric power transmission services are in Russian rubles. On June 25, 2003 the Federal energy commission of the Russian Federation approved resolution No 49-e/1 on including JSC FGC UES into the Register of natural monopolies in fuel and energy complex which are under the state control and also resolution No 49-e/2 on including JSC FGC UES into the list of commercial organization – participants of the Federal Wholesale Electricity (Power) Market (FOREM). The same resolution stipulated JSC FGC UES service fee for transmitting electric power via the Unified national (all-Russia) electric grid (UNEG). In respect of significant exchange rate fluctuations it could be noted that such fluctuations will affect the Russian economy as a whole and consequently the Issuer operations. Planned actions of the Issuer in case of negative effect of exchange rate and interest rates changes on the Issuer operations: significant exchange rate fluctuations could have impact on the Issuer revenue amount and result in increase of accounts receivable. Incurring of trade accounts receivable represents economic risk for the Issuer. Impact of this factor is minimized by the following measures: • timely planning of funds required to pay for JSC FGC UES services to be included into AO- energos electricity tariff when calculating threshold tariff level for he next regulating period; natural customers diversification by region; • opportunity to manipulate customers through a contract on inclusion into trade system; It should be noted that up to date JSC FGC UES has not manipulated non-paying customers by stopping electric power delivery. Considering possibility to increase external borrowings in the course of implementing the company’s investment program, the risk of change in interest rates could be significant for the Issuer. The Issuer investment program is regulated by the Resolution of the Government of the Russian Federation; the Resolution stipulates sources of finance formed both out of internal funds and borrowings. Prevailing are internal funds of the Issuer resulted from electricity transmission services provided at the statutory tariffs. Resolution of JSC FGC UES Board of Directors dated 22.03.2006 approved “the Regulation on the procedure of debt position management of JSC Federal Grid Company of the Unified Energy System”. In accordance with the mentioned Regulation, an aggregated limit for concluding loan agreements, credit contracts, security agreements and contracts of guarantee is approved for JSC FGC UES Management Board on annual basis. In the event of significant adverse interest rate change the Issuer will focus on raising short-term debt and the investment program will be revised. Potential impact of inflation on payments under securities is specified, critical values of inflation as per the Issuer are given as well as actions undertaken by the Issuer to reduce the mentioned risk. Inflation impact on the Russian economy is gradually reducing (based on the Russian State Statistics Body Goscomstat data). In 2000 inflation amounted 20.2%, in 2001 – 18.6%, 2002 – 15.1%, in 2003 – 12%, in 2004 – 11.7%, in 2005 – 10.9%, in 2006 – 9.0%, 2007 – 11.9%. In accordance with the information from the federal service of the state statistics, in June 2008 prices for goods and services in Russia increased: on monthly basis – by 1.0%, on 6 month basis – by 8.7%.

CPI indices in Russia and EU-27 in 2008 (as % to 2007)

Source: Rosstat It is planned that in 2008 average wholesale gas prices for all categories of consumers will be increased by 14% . The existing rate of inflation does not have significant impact on financial position of the Issuer. In accordance with forecasted rate of inflation, it should not have material impact on the Issuer ability to make payments under securities. Critical for the Issuer is the rate of inflation exceeding 100%. In the Issuer financial statements the above mentioned risks have the most significant impact on accounts receivables incurred due to economical inability of contractors to pay for the Issuer services. Probability of this risk is not high and is associated with general situation in the country, rate of inflation and changes in the exchange rates and also their overall impact on the Russian economy. Worsening of economic situation in Russia also could cause an increase in the Issuer spending that will result in decrease in profit if the tariffs remain unchanged. Increase in borrowings to fulfill developed investment program is among unlikely events in case of insufficient own sources of finance. Acceleration of process of transferring electric network assets from other owners under JSC FGC UES management is the most positive result that will enable on one hand significant increase of commodity output and on the other hand to raise production efficiency for network maintenance and investment policy while realizing large-scale and synergetic effects. Occurrence of fluctuation of global and Russian financial markets. Continued global liquidity crisis started in middle of 2007 resulted among others in such effects as reduced ability of raising funds on capital markets, decreased liquidity level in the Russian banking sector and interbank credit rate increase. Uncertainty in global financial market also led to banks bankruptcy and necessitated measures on banks salvation in the USA, Western Europe and Russia. These circumstances may influence the Issuer ability to raise new loans and refinance existing borrowings subject to conditions applicable to transactions made in earlier periods. The Issuer’s debtors (borrowers) may also be affected by liquidity reduction that could in its turn have impact on their ability to service their debt. Deterioration of operational environment of debtors (borrowers) also may affect the Issuer forecast of cash flows and assessment of financial and non- financial assets depreciation. In 2008 uncertainties in global markets combined with other local factors led to extremely high volatility of Russian stock markets and higher interbank financing rates which sometimes surpass by far the standard rate level. Currently the management cannot accurately assess the impact of financial market liquidity decrease and uncertainties gain in currency and stock markets. The management believes that it undertakes all the necessary measures to support the Issuer stability and business development in arisen circumstances. 3.5.4. Legal risks Changes in currency exchange regulation: Risks related to changes in currency exchange regulation have immaterial impact on the Issuer operations. Prices for the Issuer services are set in Russian rubles. Currency risks related to providing for electric power transit via the Baltic countries and the Republic of Belarus are minimal as they make insignificant portion of total costs of the Issuer (less than 1 per cent). Thus it can be concluded that these risks have minimal impact on the Issuer. In the third quarter of 2007 the Federal Law dated 05.07.2007 No 127-FZ had introduced changes to the Federal Law dated 10.12.2003 No 173-FZ “On foreign currency regulation and foreign currency control”. However those changes do not result in risks for the Company operations on international and domestic markets. Changes in tax legislation: Analysis of the latest trends in tax legislation development in the Russian Federation does not allow making simple conclusions in respect of general trend of tax reforms. Meanwhile it could be noted that general legislative initiatives of the state authorities were aimed to tax burden reducing and establishing more flexible tax system. At the same time rate of earnings in certain Russian industries was somewhat reduced due to a number of changes introduced to tax legislation. In certain cases Russian tax legislation allows quite wide interpretation. In recent years tax authorities activity to understand unambiguously that often not all moments allowing dual interpretation are interpreted by tax authorities’ representatives in favor of taxpayers. Due to this practically any market participant in the Russian Federation could be exposed to additional risks. Applying sanctions against the Issuer or persons holding posts in its management bodies can have negative impact on the Issuer activity. The Issuer believes that in general its understanding of legislation norms is consistent with position of the tax authorities where it is registered as a taxpayer; however the Issuer can not eliminate a possibility of disagreement in these issues. Number of changes was introduced to tax legislation, in particular, to the Russian Federation Tax Code. Changes came into force to date were introduced by the Federal Law of the Russian Federation dated 16.05.2007 No 75-FZ “On introducing changes to Chapter 22 of the Second part of the RF Tax Code” and by the Federal Law of the Russian Federation dated 17.05.2007 No 84-FZ “On introducing changes to Articles 5 and 23 of the Federal Law “On the special economic zone in Kaliningrad region and introducing changes to certain legal actions of the Russian Federation, Article 89 of the first part of the Russian Federation Tax Code and Articles 288.1 and 385.1 of the second part of the Russian Federation Tax Code”. However these changes do not involve any risks for FGC operations on domestic and international markets as well. Changes in customs regulations: When realizing its investment program the Issuer purchases foreign-made equipment through contracting organizations. Taking into account inconsiderable proportion of such equipment in total amount of capital investments as well as availability of domestic manufacture analogies for the most of equipment range, the Issuer believes the risk of customs regulations changes immaterial. In addition, as equipment is purchased by contracting organizations then most of the risks when arising will not applied to the Issuer. Changes in requirements for the Issuer core activity licensing or licensing rights to use assets of limited circulation (including natural resources): As of the date of the report licensing procedure for the Issuer activities is regulated by the Federal Law No 128-FZ dated 08.08.2001 as amended on 23.12.2003 “On licensing of separate types of activity”. Licensing of electric grid operations is also regulated by the Resolution of the Russian Federation Government No 637 dated 28.08.2002 read with the Resolution of the Russian Federation Government No 731 dated 03.10.2002 “On licensing electric grid and heat network operations and oil, gas and oil and gas products transportation, storage, processing and sale”. The Issuer was established and is operating within the framework of the state program on electric power industry restructuring. Considering this as well as the fact that the Issuer complies with all license provisions on a timely basis and in full measure, the Issuer does not forecast any difficulties in extending validity of existing licenses. The Issuer exposure to this risk could be considered as minimal. Changes in judicial practice on issues related to the Issuer operations (including licensing) than could have adverse impact on its performance as well as on results of current lawsuits where the Issuer participates. Lawsuits related to corporate conflicts are unlikely for the Issuer. Establishment of the Issuer was not related to privatization process therefore there is no probability of initiation of legal proceedings related to privatization results cancellation. The Issuer carries out its activity on all the territory of the Russian Federation and does not have major consumers, whose lawsuits could have significant impact on its economic operations. The Issuer carries out its activity outside the Russian Federation related to providing for transit of electric power through the Baltic countries and the Republic of Belarus. Considering the fact that this activity among other is linked to providing for parallel operation of energy systems of various states, the risk of legal proceedings in this area is insignificant. Potential claims that could be filed by separate customers will not influence the current operations of the Issuer. Taking into account all the facts mentioned above, probability of the Issuer involvement into legal proceedings that can have impact on its activity is minimal. In addition tax and other legislation do not specifically cover all the aspects of JSC FGC UES restructuring related to electric power industry reforming. Due to this tax and jurisdictional disputes may arise related to various interpretations, transactions and decisions which were part of the process of restructuring and reorganization. 3.5.5. Risks related to the Issuer operations The Issuer does not participate and does not intend its participation in legal proceedings that can have significant impact on its economic operations. Risks related to failure to extend the validity of the Issuer licenses are minimal. The Issuer position on this issue is justified in para 2.5.4. Risks related to potential loss of customers that cover at least 10 per cent of total sales revenues of the Issuer are minimal. Risks related to the Issuer potential liabilities under third parties debt including the Issuer subsidiary companies amount RUR 386.6 m. The Company does not have any risks related to failure to extend the validity of the Issuer licenses as its core activity (services on transferring electric power via the UNEG to the wholesale market participant) is not licensed. Risks related to potential loss of customers are irrelevant for the Company as electric power transmission via the Unified national (all-Russian) electric grid is vital service for any customer. Risk of obsolescence and disposal of basic production assets represents a significant risk of JSC FGC UES operations. To prevent adverse impact of these factors, JSC FGC UES developed and had its Board of Directors approved the Medium-term investment program enabling not only to prevent breakdown of main fabrication facilities of high voltage lines and substations via realization of technical upgrading and enhancement program but also to build new production assets providing for power plants energy generation and interregional electric power flow reliability. 3.5.6. Bank exposure Information is not disclosed as the Issuer is not a credit organization. IV. Detailed information about the issuer3 4.1. History of establishing and development of the issuer 4.1.1. Full trade name of the issuer Full trade name of the Issuer: Joint-Stock Company “Federal Grid Company of Unified Energy System”. Abbreviated trade name: JSC FSK UES. Full trade name of the Issuer in English: “Federal Grid Company of Unified Energy System”, Joint-Stock Company. Abbreviated trade name in English: FGC UES, JSC. Full and abbreviated trade name of the Issuer is not similar to the name of another legal entity. Trade name of the Issuer is registered as its trade mark (service mark): Information about registration: passport of the Russian Federation No 267439 dated 20.04.2004 for the trade mark (service mark) JSC FGC UES. The trade name was not subject to any changes during the lifetime of the Issuer. 4.1.2. Information about the state registration of the issuer Information about the state registration of a legal entity: Number of the state registration of a legal entity: 00/03124; Date of state registration of the issuer: 25.06.2002; Name of the authority registering with the state: Leningrad Region Registration Chamber. Information about the entry into the Unified state register of legal entities about a legal entity registered prior to 1 July 2002: General state registration number of a legal entity: 1024701893336; Date of registration (date of making entry): 20.08.2002; Name of the registering authority: Inspection of the Ministry on taxes and levies for Tosnenskiy district of Leningrad region. 4.1.3. Information about establishing and development of the Issuer Time of the Issuer from the date of the state registration: 6 years. The Issuer is established for unlimited period. Summary of the Issuer establishment and development history: Principle decisions on reforming the Russian electric power industry and restructuring of JSC RAO UES of Russia were made in 2001. Resolution of the Government of the Russian Federation dated 11.07.2001 No 526 “On restructuring of electric power industry of the Russian Federation” approving the Guidelines of restructuring of electric power industry of the Russian Federation had defined purposes, tasks, basic principles of restructuring, working procedures of energy market participants, energy market operation procedures, energy market price setting details. Order of the Government of the Russian Federation dated 03.08.2001 No 1040-r approved the Implementation plan of the first stage of restructuring of electric power industry of the Russian Federation confirming the key steps of reform realization as a part of preparation for establishing competitive energy market. One of the main purposes of electric power industry reform is to split-off natural-monopoly and competitive types of activity. It will result in organizational separation of generation, transmission, sale of electricity, dispatching and repairing as well as non-core types of activities. As a part of electric power industry restructuring, the Board of Directors of JSC RAO UES of Russia had decided to establish JSC FGC UES (Minutes No 109 dated 25.01.2002). JSC FGC UES was established as a subsidiary company with 100% of authorized capital owned by JSC RAO UES of Russia. In 2006 there was additional issuance of shares when the Russian Federation represented by the Federal Agency for Federal Property Management became the second participant.

3 (accounting (financial) information for the six months of 2008 contained in this section is not audited) On 01.07.2008 backbone grid companies, JSC RAO UES of Russia, JSC State Holding, JSC Minority Holding FGC UES were merged into JSC FGC UES. Entries were made to the Unified state register of legal entities about discontinuation of activities of legal entities - 54 backbone grid companies, JSC RAO UES of Russia, JSC State Holding, JSC Minority Holding FGC UES. JSC FGC UES is the entity for managing the Unified national (all-Russia) electric grid (hereinafter referred to as the UNEG) for the purpose of the UNEG preserving and development. JSC FGC UES major business lines are as follows: • - the UNEG management; - provision of electric power transmission services to wholesale market participants; - investment activity aimed to the UNEG development; - maintenance of electrical network; • - technical inspection of condition of electrical network assets of UES of Russia. Other information about the Issuer development is also presented in paras 4.4 and 5.5 of the present Prospectus. JSC FGC UES is established for the purposes of: • providing for reliable operation, increasing efficiency and developing of the Unified energy system of the Russian Federation including isolated energy systems; conditioning for efficient operations of the wholesale electricity market; realizing of the state policy in electric power industry; efficient operating and centralized technological managing of electric grids making a part of the Unified energy system of Russia; operating and developing of telecommunication infrastructure of energy market; realizing of unified strategy in the area of investments and capital raising for the purpose of solving system-wide goals of development of electric grids and the Unified energy system of Russia; developing and realizing of scientific and technical policy and implementation of new advanced technology; • profit earning. 4.1.4. Contact information Location: 5A, Akademika Chelomeya street, Moscow 117630 Telephone and fax number: (495) 710-95-03, (495) 710-96-55 E-mail address: [email protected]. Web-site where information about the Issuer, issued and/ or securities to be issued is available: www.fsk- ees.ru. Special shareholder and investor relations department of the Issuer established: Corporate management department. Location: 5A, Akademika Chelomeya street, Moscow 117630 Telephone and fax number: (495) 710-92-02, (495) 710-96-41 E-mail address: [email protected]. Web-site where information about the Issuer, issued and/or securities to be issued is available: www.fsk- ees.ru. 4.1.5. Taxpayer identification number 4716016979

4.1.6. Branches and representation offices of the issuer Branches and representation offices of the issuer in accordance with its Articles of Association as of the date of approval of t he Prospectus of issue of securities: Name of branch/ Date of Name of the Term of power of No Location representation office establishing manager attorney No 23-08 dated JSC FGC UES branch – Misrikhanov 1, Tkatskaya street, 19.02.2008, with 1. Backbone electric grids (MES) 26.08.2002 Misrikhan Moscow 105318 period of validity of of Center Shapievich 3 year No 328-06 dated JSC FGC UES branch – 1, Kurchatova street, Ageev Valery 18.12.2006, with 2. Backbone electric grids (MES) St-Petersburg, 26.08.2002 Valentinovich period of validity of of North-West 194223 3 (three) year 226, No 98-06 dated JSC FGC UES branch – Molodogvardeyskaya Streltsov Sergey 16.05.2006, with 3. Backbone electric grids (MES) 26.08.2002 street, Samara Viktorovich period of validity of of Volga 443100 3 (three) year 2, Darnitskiy No 298-06 dated JSC FGC UES branch – pereulok, settlement Dyakov Fedor 14.11.2006, with 4. Backbone electric grids (MES) 26.08.2002 Inozemtsevo, Aleksandrovich period of validity of of South Zheleznovodsk 3 (three) year No 353-08 dated JSC FGC UES branch – 6, Tolmacheva street, Zhuykov Evgeniy 01.08.2008, with 5. Backbone electric grids (MES) Yekaterinburg 26.08.2002 Nikolayevich period of validity of of Ural 620219 1 (one) year No 24-08 dated JSC FGC UES branch – 117, Ady Lebedevoy Zilberman Samuel 19.02.2008, with 6. Backbone electric grids (MES) street, Krasnoyarsk 26.08.2002 Moiseevich period of validity of of Siberia 660099 3 (three) year No 237-06 dated JSC FGC UES branch – 47, Dzerzhinskogo Smirnov Sergey 21.09.2006, with 7. Backbone electric grids (MES) street, Khabarovsk 26.08.2002 Georgievich period of validity of of East 680000 3 (three) year 27, bld. 8, JSC FGC UES branch of No 124-05 dated Sadovnicheskaya Korobkov Nikolay 8. special works in electric grids 21.08.2002 26.10.2005 issued street, Moscow Mikhailovich “Elektrosetservice” till 26.10.2008 115035 JSC FGC UES branch – 29, Shlisselburgskaya No 46-08 dated Kulikov Aleksandr 9. Nizhniy Novgorod entity of street, Nizhniy 14.10.2004 04.03.2008, valid Leonidovich backbone electric grids Novgorod 603600 through 18.02.2011 JSC FGC UES branch – Zhdanovskiy No 44-08 dated Chernozemnoye (Black soil) 1, Garazhnaya street, 10. 14.10.2004 Mikhail 04.03.2008, valid entity of backbone electric Kursk, 305026 Mikhailovich through 18.02.2011 grids 31, Energetikov JSC FGC UES branch – No 48-08 dated street, settlement Zotov Igor 11. Volgo-Okskoye entity of 14.10.2004 04.03.2008, valid Energetik, Vladimir Anatolievich backbone electric grids through 18.02.2011 600902 JSC FGC UES branch – 221a, Lenina No 53-08 dated Shurygin Vladimit 12. Volgo-Donskoye entity of prospect, Volgograd 14.10.2004 04.03.2008, valid Nikolaevich backbone electric grids 400006 through 18.02.2011 JSC FGC UES branch – No 47-08 dated 18, Planernaya street, Golubev Vladimir 13. Vologda entity of backbone 25.04.2003 04.03.2008, valid Vologda 160023 Fyodorovich electric grids through 18.02.2011 JSC FGC UES branch – No 52-08 dated 101a, Timiryazeva Rudnev Sergey 14. Priokskoye entity of backbone 14.10.2004 04.03.2008, valid street, Tula 300012 Nikolayevich electric grids through 18.02.2011 Substation 750 kV, JSC FGC UES branch – P.O. Bely Rast, No 49-08 dated Kikov Oleg 15. Moscow entity of backbone Dmitrov district, 25.04.2003 04.03.2008, valid Medzhidovich electric grids Moscow region through 18.02.2011 141870 Settlement JSC FGC UES branch – Komsomolets, No 51-08 dated Verkhne-Donskoye (Upper Ivanov Yury 16. Tambov district, 14.10.2004 04.03.2008, valid Don) entity of backbone Danilovich Tambov region through 18.02.2011 electric grids 392543 JSC FGC UES branch – 55, Kalinina No 45-08 dated Nagaitsev Aleksandr 17. Valdayskoye entity of prospect, Tver 14.10.2004 04.03.2008, valid Stepanovich backbone electric grids 170001 through 18.02.2011 JSC FGC UES branch – 101, Shatkovskogo No 20/182 dated Denisko Vladimir 18. Amurskoye entity of backbone street, Svobodny, 25.04.2003 16.10.2006, valid Ivanovich electric grids Amur region 676400 through 20.09.2009 3, Tselinnaya street, JSC FGC UES branch – No 20/1165 dated Khabarovsk, Loboda Aleksandr 19. Khabarovsk entity of 25.04.2003 30.06.2006, valid Khabarovsk Territory Vladimirovich backbone electric grids through 06.03.2009 680032 3, Mordovtseva JSC FGC UES branch – No 20/181 dated street, Vladivistok, Ivanov Sergey 20. Primorskoye entity of 25.04.2003 16.10.2006, valid Primorsk Territory Grigorievich backbone electric grids through 20.09.2009 690000 JSC FGC UES branch on No 167-06 dated Novoselov technical maintenance and 3, Tselinnaya street, 27.06.2006 valid 21. 14.06.2006 г. Alexander repairing of backbone electric Khabarovsk, 680032 through Anatolievuch grids of East 27.06.2009 JSC FGC UES branch – w/o No dated 4a, Tomskaya street, Kruglov Yury 22. Krasnoyarsk entity of 25.04.2003 11.03.2008, valid Krasnoyarsk 660013 Nikolayevich backbone electric grids through 19.02.2011 5, Sakhyanovoy JSC FGC UES branch – w/o No dated street, Ulan-Ude, Zubarev Nikolay 23. Zabaykalskoye entity of 25.04.2003 11.03.2008, valid Republic of Buryatia Mikhailovich backbone electric grids through 19.02.2011 670047 JSC FGC UES branch – 25a, Kirchanova w/o No dated Kochetov Aleksey 24. Kuzbass entity of backbone street, Kemerovo 25.04.2003 11.03.2008, valid Vladimirovich electric grids 650004 through 19.02.2011 JSC FGC UES branch – Omsk w/o No dated 4, Gubkina prospect, Chikharin Anatoly 25. entity of backbone electric 25.04.2003 11.03.2008, valid Omsk 644035 Mikhailovich grids through 19.02.2011 JSC FGC UES branch – w/o No dated Zapadno-Sibirskoye (West 17, Kalinina street, Pavlov Valery 26. 25.04.2003 11.03.2008, valid Siberia) entity of backbone Barnaul 656002 Aleksandrovich through 19.02.2011 electric grids 39, Industrialnaya JSC FGC UES branch – w/o No dated street, Sayanogorsk, Taskin Vladimir 27. Khakassia entity of backbone 25.04.2003 11.03.2008, valid Republiv of Ivanovich electric grids through 19.02.2011 Khakassiya 662793 3, Malakhitovy JSC FGC UES branch – Neganov Viktor No 59 dated 28. pereulok, 25.04.2003 Sverdlovskoye entity of Vasilievich 03.08.2008, valid Ekaterinburg, backbone electric grids Sverdlovsk region through 27.05.2008 620085 JSC FGC UES branch – No 137 dated 2-nd Zapadny proezd, Kurzhumov Valery 29 Yuzhno-Uralskoye entity of 25.04.2003 09.01.2008, valid Chelyabinsk 454008 Anatolievich backbone electric grids through 27.05.2008 JSC FGC UES branch – Perm 34, Visherskaya No 103 dated Kufeld Vladimir 30. entity of backbone electric street, Perm, Perm 25.04.2003 10.10.2006, valid Davydovich grids region 614058 through 27.05.2008 JSC FGC UES branch – 2, Stankostroiteley Ivashechkin No 61 dated Sredne-Volzhskoye (Mid- street, Zasviyazhskiy 31. 25.04.2003 Konstantin 19.05.2006, valid Volga) entity of backbone district, Ulyanovsk Konstantinovich through 01.05.2009 electric grids 432945 JSC FGC UES branch – No 59 dated Nizhne-Volzhskoye (Lower 40, Sokolovaya gora, Bydyak Nikolay 32. 25.04.2003 19.05.2006, valid Volga) entity of backbone Saratov 410038 Petrovich through 01.05.2009 electric grids Food processor JSC FGC UES branch – industrial zone, dated 20.11.2006, Perkov Anatoly 33. Stavropol entity of backbone Zheleznovodsk, 25.04.2003 valid through Gerasimovich electric grids Stavropol Territory 14.11.2009 357400 JSC FGC UES branch – 5, Tramvaynaya dated 20.11.2006, Timchenko Anatoly 32. Kuban entity of backbone street, Krasnodar 25.04.2003 valid through Nikolayevich electric grids 350021 14.11.2009 54/1, JSC FGC UES branch – Dnepropetrovskaya dated 20.11.2006, Koledin Viktor 34. Rostov entity of backbone street, Pervomayskiy 25.04.2003 valid through Nikolayevich electric grids district, Rostov-on- 14.11.2009 Don, 344093 Novobryanskaya JSC FGC UES branch – w/o No dated street, settlement Kolotukhin Anatoly 35. Bryansk entity of backbone 25.04.2003 16.01.2007, valid Vygonichi, Bryansk Aleksandrovich electric grids through 18.12.2009 region 243360 Settlement Perovo, JSC FGC UES branch – w/o No dated Vyborg district, Zezelev Vladimir 37. Vyborg entity of backbone 25.04.2003 16.01.2007, valid Leningrad region Aleksandrovich electric grids through 18.12.2009 188932 JSC FGC UES branch – 10, Velikaya street, w/o No dated Naydrov Sergey 38. Novgorod entity of backbone Velikiy Novgorod 25.04.2003 16.01.2007, valid Yurievich electric grids 173001 through 18.12.2009 11, Veterinarny JSC FGC UES branch – pereulok, w/o No dated Nekrasov Yury 39. Karelia entity of backbone Petrozavodsk, 25.04.2003 16.01.2007, valid Mikhailovich electric grids Republic of Karelia through 18.12.2009 185013 JSC FGC UES branch – 1, Parkovaya street, No 31 dated Kravets Alexander 40. Specialized production Noginsk, Moscow 04.04.2003 01.10.2008, valid Vladimirovich facilities “Elektrosetremont” region, 142408 through 15.04.2011 JSC FGC UES branch – Settlement Elektrik, No 32 dated Mikhailovskaya specialized town Mikhailov, Kolobakhin Iban 41. 04.04.2003 01.10.2008, valid production facilities of Ryazan region, Pavlovich through 15.04.2011 Elektrosetservice 391710 No 33 dated JSC FGC UES branch – 27a, Novaya Meltitsa Kalachev Alexander 42. 04.04.2003 01.10.2008, valid Novgorod specialized village, Novgorod Anatolievich production facilities of district, Novgorod through 15.04.2011 Elektrosetservice region, 173023 JSC FGC UES branch – 10/1, Klenovaya No 35 dated Novosibirsk specialized Akinshin Vladimir 43. street, 04.04.2003 01.10.2008, valid production facilities of Arkadievich Novosibirsk,630126 through 15.04.2011 Elektrosetservice 101, 40 let Oktyabrya JSC FGC UES branch – street, Veshkaymskiy No 34 dated Srednevolzhskaya specialized district, settlement Gusev Dmitry 44. 04.04.2003 01.10.2008, valid production facilities of Vekshayma, Nikolayevich through 15.04.2011 Elektrosetservice Ulianovsk region, 433200 Substation 750 kV JSC FGC UES branch – Bely Rast, P.O. Bely No 50-08 dated Kikov Oleg 45. Specialized production Rast, Dmitrov 25.04.2003 04.03.2008, valid Medzhidovich facilities “Bely Rast” district, Moscow through 18.02.2011 region 141870 JSC FGC UES branch – 11, Industrial zone, No 36 dated Yuzhnaya specialized Choladze Nugzar 46. Lermontov razyezd, 04.04.2003 01.10.2008, valid production facilities of Shalvovich Pyatigorsk, 357519 through 15.04.2011 Elektrosetservice 4, Universitetskaya No 524-08 dated JSC FGC UES branch – street, Surgut, Streltsov Segey 02.10.2008, with 47. Backbone electrical grids of KhMAO, Tyument 12.05.2005 Viktorovich period of validity of West Siberia region, Russia 3 (three) year 628406 JSC FGC UES branch – 1, Kurchatove street, w/o No dated Vyatkin Boris 48. Leningradskoye entity of St. Petersburg 16.06.2006 16.01.2007, valid Mikhailovich backbone electric grids 194223 through 18.12.2009 JSC FGC UES branch on No 161-06 dated technical maintenance and 1, Tkatskaya street, Kanischev Victor 49. 14.06.2006 29.06.2006, valid repairing of backbone electric Moscow, 105318 Trofimovich through 29.06.2009 grids of Center JSC FGC UES branch – w/o No dated 1, Energeticheskaya Karmanov Yury 50. Tomsk entity of backbone 16.06.2006 11.03.2008, valid street, Tomsk 634062 Aleksandrovic electric grids through 19.02.2011 JSC FGC UES branch on No 244-06 dated technical maintenance and 4a, Tomskaya street, Koval Alexander 51. 14.06.2006 28.09.2006, valid repairing of backbone electric Krasnoyarsk, 666013 Vasilyevich through 28.09.2009 grids of Siberia 2, Industrial zone of food enterprises, JSC FGC UES branch on settlement No 163-06 dated technical maintenance and Kravchenko Peter 52. Inozemtsevo, 14.06.2006 27.06.06, valid repairing of backbone electric Vasilyevich Zheleznovodsk, through 27.06.2009 grids of South Savropol region, 357431 JSC FGC UES branch on technical maintenance and No 165-06 dated 5, Tolmacheva street, Kuzmin Sergey 53. repairing of backbone electric 14.06.2006 29.06.2006, valid Yekaterinburg, 62041 Alexandrovich grids of Urals and West through 29.06.2009 Siberia JSC FGC UES branch on 1, Kurchatova street, No 162-06 dated technical maintenance and Dzhurko Igor 54. St. Petersburg 14.06.2006 27.06.2006, valid repairing of backbone electric Vasilyevich 194223 through 27.06.2009 grids of North-West JSC FGC UES branch on No 164-06 dated technical maintenance and 5, Polevaya street, Saukh Victor 55. 14.06.2006 29.06.06, valid repairing of backbone electric Samara, 443100 Mikhailovich through 29.06.2009 grids of Volga JSC FGC UES branch – 73 a, Dakhadayeva Alizhanov w/o dated 56. Kaspian entity of backbone street, Makhachkala, 23.08.2006 Khabibula 20.11.2006, valid electric grids Republic of Dagestan Devletgereevich through 14.11.2009 JSC FGC UES branch – motor No 516-08 dated 5, Tolmacheva street, Melnikov Igor 57. transport enterprise of 16.11.2006 01.10.2008, valid Yekaterinburg, 62041 Yurievich backbone electric grids of Ural through 01.10.2009 JSC FGC UES branch – motor 1, Kurchatove street, w/o No dated transport enterprise of Gordienko Vitaly 58. St. Petersburg 16.11.2006 16.01.2007, valid backbone electric grids North- Pavlovich 194223 through 18.12.2009 West 4.2. Core economic activity of the issuer 4.2.1. Industry classification of the issuer Codes of core industry activities of the Issuer in accordance with All-Russian Classifier of Types of Economic Activity (OKVED): 40.10.2, 40.10.3, 51.56.4. 4.2.2. Core economic activity of the issuer Core economic activity (type of activity, type of product (works, services) provided for at least 10 per cent of revenue (income) of the issuer for the last complete financial 5 years or for each complete financial year in the issuer carries out its activity for less than 5 years, and also for the last complete reporting period prior to the date of approval of the Prospectus of issue of securities):

6 months Description 2003 2004 2005 2006 2007 of 2008∗ Type of economic activity: electric power transmission services Revenues from this type of activity, 17,208,561 23,243,817 27,808,953 52,687,881 59,512,705 32,472,896 RUR, ths. Share of revenue from this type of 99.87 99.97 93.11 98.30 96.90 96.80 activity in total sales, %

Explanations to changes in the Issuer revenue from core economic activity for 10 and more per cent in comparison with the respective prior reporting period and reasons of such changes: In 2004, revenue from core economic activity increased by 35.1% as compared to 2003. Major factor resulted in increased revenue of the Company was: • increase in volume of provided services on electric power transmission via the UNEG. In 2005, revenue from core economic activity increased by 19.6% as compared to 2004. Major factor resulted in increased revenue of the Company was: • increase in tariff for services on electric power transmission via the UNEG. In 2006, revenue from core economic activity increased by 89.5% as compared to 2005. Major factors resulted in increased revenue of the Company were: • electric power loss component included in cost of services to be paid by consumers; MSK grids maintenance cost included in cost of services to be paid by consumers. In 2007, revenue from core economic activity increased by 12.9% as compared to 2006.

∗ (accounting (financial) information for the six months of 2008 contained in this section is not audited)

Major factors resulted in increased revenue of the Company were: • payment for in-process losses within the UNEG networks starting from 2007; increase in tariff for services on electric power transmission via the UNEG; increase in revenue from maintenance and other services provided at non-regulated types of activity. Major factors resulted in increased revenue of the Company for 6 months of 2008 by RUR 3,277 m (10,8%) as compared to 6 months of 2007 were indexation of cost component included in tariff for electric power transmission and increase in volume of services provided y JSC FGC UES. The Issuer carries out its activity on the territory of the Russian Federation only. The Issuer activity is subject to seasonal fluctuations. Electric power transmission increases during winter months. General cost structure of the Issuer for the last complete financial year and also for the last complete reporting period prior to the date of approval of the Prospectus of issue of securities for the items mentioned below, in percentage to total cost:

Cost item description 2007 6 months of 2008∗ Raw materials and supplies, % 2.85 1.03 Components and semi-finished products, % - - Production works and services provided by external organizations, % 11.87 12.99 Fuel, % 0.49 0.41 Electric power, % 0.09 0.16 Labor costs, % 13.11 12.21 Interest on loans, % - - Lease payments, % 9.64 9.06 Social costs, % 2.52 2.66 Depreciation of fixed assets, % 31.79 33.37 Taxed included in cost of sales, % 0.00 0.00 Other costs, % 27.61 28.10 amortization of intangible assets, % 0.00 0.00 remuneration for rationalization proposals, % 0.00 0.00 mandatory insurance payments, % 0.02 0.02 expenses of representation, % 0.00 0.00 Other, % 27.59 28.08 Total: cost of production and cost of sales, % 100.00 100.00 Sales of products (works, services), % to cost of sales 118.77 122.36 The Issuer does not offer new types of products (works, services) on its core activity market. Standards (rules) for preparing accounting reports and calculations given in the present particle of the Prospectus of issue of securities: Russian accounting regulations. When preparing the accounting reports the Company was guided by: • Regulation on accounting and preparation of accounting reports in the Russian Federation approved by the Decree of the Ministry of finance of the Russian Federation dated 29 July 1998 No 34n. Regulation on accounting “Accounting reports of an organization PBU 4/99” approved by the Decree of the Ministry of finance of the Russian Federation dated 6 July 1999 No 43n.

∗ (accounting (financial) information for the six months of 2008 contained in this section is not audited)

• Decree of the Ministry of finance of the Russian Federation dated 22 July 2003 No 67n “On forms of accounting reports of an organization”. 4.2.3. Materials, goods (supplies) and suppliers of the issuer Name and location of the issuer suppliers that account for not less than 10 per cent of total supply of materials and goods, and their share in total volume of supply in 2007:

Name Location Share in total volume LLC Energostroysnabkomplekt of UES 6, bld. 1, Artyukhinoy street, Moscow 13%

Name and location of the issuer suppliers that account for not less than 10 per cent of total supply of materials and goods, and their share in total volume of supply for 6 months of 2008:

Name Location Share in total volume LLC “PIK Sozidaniye” 6, Sukharevskaya street Moscow 31.61% 63B, Piskarevskiy prospect, St-Petersburg, LLC “Rostrade” 12% 195273

Information about price changes for basic materials and goods (supplies) or about zero changes for 2007: Prices for separate types of electrical equipment increased by 11-12% in the average, and for general construction materials and works by 20% and more (for certain groups) in the average. There were no import deliveries within the Issuer supply for 2007. In accordance with the Issuer forecast all sources of materials, goods (supplies) will be available in future. Information about price changes for basic materials and goods (supplies) or about zero changes for 6 months of 2008 as compared to 6 months of 2007: For 6 months of 2008 price increase amounted to 5-7% for certain groups of materials and equipment. Import deliveries share within the Issuer supply amounted up to 50% for 6 months of 2008. In accordance with the Issuer forecast all sources of materials, goods (supplies) will be available in future. In addition, expansion is planned due to alternative sources: • JSC “ABB Electroengineering”, JSC “Electrozavod”, LLC “Semens” are extending their production due to opening factories on the territory of the Russian Federation; • the company approach Chinese and Indian markets of equipment and materials. 4.2.4. Sales markets for the issuer products (works, services) Description of major markets where the Issuer carries out its activity: he Issuer carries out its activity on the market of services on electric power transmission through the unified national electric network (UNEG). Description of potential factors that may have adverse effect on the issuer sale of its products (works, services) and planned activity of the issuer to mitigate such effect: Due to the fact that activity of JSC FGC UES on providing services for electric power transmission is monopolistic activity on the basis of the legislation of the Russian Federation, currently there are no competitors for JSC FGC UES in electric power transmission services market and therefore, market share amounts to 100%. In addition in accordance with the legislation there is no competition for JSC FGC UES activity on the market of technologic connection to the UNEG assets owned by JSC FGC UES or held in accordance with other grounds stipulated by the legislation which share represents vast majority. 4.2.5. Information about licenses held by the issuer Information about licenses for activities significant for the Issuer: Number: GS-1-77-01-26-0-4716016979-023645-1 Date of issue: 12.09.2005 Period of validity: 12.09.2010 Name of authority that issued the license: Federal agency on construction and housing and utilities Types of activity: structural engineering of I and II Criticality Rating in accordance with the state standard. Number: GS-1-77-01-27-0-4716016979-023646-2 Date of issue: 12.09.2005 Period of validity: 12.09.2010 Authority issued the license: Federal agency on construction and housing and communal services Types of activity: Construction of buildings and structures of I and II Criticality Rating in accordance with the state standard. Number: 56-EV-002784 (K) Date of issue: 29.07.2004 Period of validity: till 29.07.2009 Authority issued the license: Federal service for technological control Types of activity: Maintenance of explosive production facilities (hazardous production facilities with equipment operating under excessive pressure over 0.07 MPa or at water heating temperature of 115 degrees Celsius). The Issuer forecast in respect of extending of special permission (license): licenses are extended in due time or will be extended. 4.2.6. Joint activity of the issuer The Issuer does not have and has not had any joint activity with other organizations. 4.2.7. Additional requirements to issuers which are joint stock investment funds, insurance or credit organizations, mortgage agents Information is not disclosed as the Issuer is not a joint stock investment fund, insurance or credit organization, mortgage agent. 4.2.8. Additional requirements to issuers whose core activity is mineral resources extraction Information is not disclosed as the Issuer is not involved in activity on extracting of mineral resources. 4.2.9. Additional requirements to issuers whose core activity is provision of communication services Information is not disclosed as the Issuer is not involved in activity on providing communication services. 4.3. Plans of the issuer future activity Brief description of the Issuer plans in respect of future activity: Every five years JSC FGC UES works out the Strategy for the Unified national electric network (UNEG) development for a ten year period. It defines guidelines and intervention mechanism of necessary reforms in the management of electric grid infrastructure development under conditions of market relation development in electric power industry. Primary document for the Strategy is the Concept of the Unified national electric network development where major issues of the network development are identified and conceptual directions for improving operation and reliable development of the UNEG are devised. Realization of the Strategy will result in establishing of principally new level of the UNEG management and operation. Major provisions of the Strategy for the UNEG development for a ten year period were worked out in 2003 and approved by the Resolution of the Board of Directors of JSC FGC UES (minutes dated 24.12.2003 No 13). Major design and scientific and research institutions of the industry and leading organizations of the Academy of science of Russia specialized in electric power industry are involved in working on the Strategy. A wide range of documents is used to work on the Strategy. It includes effective laws regulating activity in electric power industry, legislative and normative acts of the Government of the Russian Federation, resolutions of the Board of Directors and the Management Board of JSC RAO UES of Russia and JSC FGC UES as well as social and economic documents of various administrative levels. Projects of electric power industry development prospects and researches on major areas of scientific and technological advance in the industry are also used. Currently the Strategy determines five key target directions of the UNEG development: • in electric power industry; in fuel and energy complex; in ecology; • in politics and area of geopolitical interests. For the purpose of achieving of key purposes of its development JSC FGC UES meets a number of strategic challenges. Among the most important are restructuring of electric grid complex, providing the reliable technological operation and development of the UNEG, managing capital construction, managing scientific and maintenance support for development and efficient operation of the UNEG, corporate management and legal support of the UNEG operation. Priority directions of the Strategy of the UNEG development are: • reconstruction and technical upgrading of electric grids for the purpose of providing for reliable and efficient operation of the UNEG based on new electric network technologies and up-to-date equipment meeting by its technical characteristics the best foreign equipment. Implementation is planned of advanced electric grid technologies (in the first place flexible (controlled) power transmission systems (FACTS), application of high-temperature and low temperature super conduction, energy storage units, fully automated substations with remotely controlled switch devices, supply transformers with short circuit current hyper-resistibility, SF 6 circuit-breakers, SF 6 switchgear and control gears, etc.). • organizing corporate investment planning process of JSC FGC UES (including through establishing mechanisms of efficient interaction with regulating authorities and other state management bodies responsible for strategic planning in regulated industries (Ministry of economic development and trade, Ministry of industry and energy, etc.). Recommendations of the Strategy of the UNEG development are the basis for annual development of “The scheme of the UNEG development…” (“Adjustments to the Scheme…”) and the Program for the UNEG development for a ten year period (new construction) – the main part of the Overall development program for JSC FGC UES electric grids for a ten year period implemented by JSC FGC UES Departments in accordance with the Order of JSC FGC UES dated 04.04.2005 No 76. Main purpose of the Program is to provide for JSC FGC UES investment activity for the UNEG efficient development. Main principle is regular monitoring (annual) of the existing and realizing program of JSC FGC UES electric grids development program with planning horizon changed to one year and taking into account changes in the current condition of assets under construction. Base case scenario of electric power industry development for 2007 – 2015 anticipates commissioning of 72,775 km of 220 kV and higher transmission lines and over 286,871 MVA of transformer capacity. Such volume of electric grid assets construction will require RUR 2,064.5 billion in prices as of 01.01.06, for best case scenario respectively 80,992 km, 299,200 MVA, RUR 2,179.3 billion (including modernization and technical upgrading). For the period 2016 – 2020 it is planned to commission 24,125 km of 330 kV and over of transmission lines and 76,596 MVA of transformer capacity. Such volume of electric grid assets construction will require RUR 624.5 billion for best case scenario, respectively 31,466 km, 94,456 MVA, RUR 809.6 billion (including modernization and technical upgrading). Brief description of the Issuer plans in respect of sources of future income: The Issuer plans that the main source of future income will be revenue from provision of services on electric power transmission. Brief description of plans related to organizing new production, expansion and reduction of production, developing of new types of production, upgrading and renovation of fixed assets, potential changing of its core activity: The mentioned plans have been previously described by the Issuer. There is no plan to change core activity. 4.4. The Issuer participation in industrial, banking and financial groups, holdings, concerns and associations The Issuer does not participate in industrial, banking and financial groups, holdings, concerns and associations. 4.5. Subsidiary and associated companies of the issuer Information about subsidiary and associated companies of the issuer as of the date of approval of the Prospectus of issue of securities: Open joint stock company “Main electric grid service Full and abbreviated trade names company of the Unified national electric grid”, JSC “Glavsetservice of the UNEG” Location 7/5, bld. 2, Samotyechnaya street, Moscow, 127473 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - technical maintenance and repairing of backbone electric grids and other facilities of electric grid complex; - development of electric grids and other facilities of electric grid complex; - design, assembling, engineering research, construction, Description of a company core activity restructuring, technical upgrading, alignment, diagnostic operation, and maintenance of technological communication system, measurement instrumentation and recording, protection relay equipment and emergency control schemes as well as other technological equipment related to electrical grid facilities and infrastructure of electric power market operation. Description of the company significance for the Issuer Optimization of organizing of the UNEG grids activity operations and repair. Membership of the board of directors (supervisory Rappoport Andrey Natanovich (1963) board) with indication of the chairman of the board of (0.0018 % of the authorized capital and voting stock of directors (supervisory board) the issuer) Chistyakov Alexander Nikolayevich (1973) (0.0003 % of the authorized capital and voting stock of the issuer) Tuzov Mikhail Yuryevich (1966) Vasilyev Victor Alexeevich (1944) Demin Andrey Alexandrovich (1974) Dikoy Vladimir Petrovich (1954) Dzhurko Igor Vasilievich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Grinenko Valery Ivanovich General director (with indication of last name, first name He does not have interest in the authorized capital of and middle name, year of birth) JSC FGC UES. Open joint stock company “Center of engineering and managing of the Unified energy system Full and abbreviated trade names construction”, JSC “CIUS” Location 5A, Akademika Chelomeya street, Moscow, 117630, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - architecture activity, engineer and technical design in industry and construction, engineering research for construction of electric grids and/or other energy facilities; - construction sites preparation, construction of buildings and facilities, building and constructions proofing, construction of roads, landing places and Description of a company core activity sports structures, other construction works, assembling of engineering equipment of buildings and constructions, finishing works, lease of construction machinery and equipment with operator in the course of constructing electric grids and/or other electric power facilities; - activity to provide for working ability of electric power plants and electric grids, boilers, heating systems. Major function of JSC CIUS is functioning as building owner as building owner for JSC FGC UES. Main purpose of establishing open joint stock company Description of the company significance for the Issuer “Center of engineering and managing of the Unified activity energy system construction” is to increase operating efficiency of JSC FGC UES investment projects for construction of high-voltage electric grid facilities. Membership of the board of directors (supervisory A.N. Rappoport – Chairman of the Board of Directors board) with indication of the chairman of the board of (0.0018 % of the authorized capital and voting stock of directors (supervisory board) the issuer) A.A. Demin A.V. Maslov A.V. Perelygin S.A. Shmanenkov A.V. Baitov R.S. Zimonas They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Maslov Alexey Victorovich General director (with indication of last name, first name He does not have interest in the authorized capital of and middle name, year of birth) JSC FGC UES. Open joint stock company “Specialized electric grid service company of the Unified national electric Full and abbreviated trade names grid”, JSC “Electrosetservice of the UNEG” Location 27, bld. 8, Sadovnicheskaya street, Moscow, 115035 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - diagnostics, technical maintenance, repairing and emergency and recovery works on electric grids and other electric grid facilities of the UNEG; diagnostics, operating, fitting, assembling, calibration and repairing of measurement instrumentation and recording, protection relay equipment and emergency control schemes as well as other technological equipment related to operation of electrical grid facilities, Description of a company core activity technologic equipment, examining of industry safety and job safety on electric grid facilities, developing of electric grids and other electric grid facilities, developing of measurement instrumentation and recording, protection relay equipment and emergency control schemes as well as other technological equipment related to operation of electrical grid facilities. Description of the company significance for the Issuer Optimized organization of the UNEG operation and activity repairing Membership of the board of directors (supervisory Rappoport Andrey Natanovich (1963) board) with indication of the chairman of the board of (0.0018 % of the authorized capital and voting stock of directors (supervisory board) the issuer) Chistyakov Alexander Nikolayevich (1973) (0.0003 % of the authorized capital and voting stock of the issuer) Tuzov Mikhail Yurievich (1966) Vasiliev Victor Alexeevich (1944) Demin Andrey Alexandrovich (1974) Korobkov Nikolay Mikhailovich Dikoy Vladimir Petrovich (1954) They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Korobkov Nikaloy Mikhailovich. General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Dalenergosetproject”, Full and abbreviated trade names (JSC “DESP”) Location 26, Partizanskiy prospect, Vladivostok, Primorsk territory, Russian Federation, 690950 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company development of forecasts and development plans for electric power industry in the Far East region of the Russian Federation, including fuel and energy complex as a whole, fuel balances, structure and location of electric power stations, power system diagrams; preparation of development plans of the UES of Russia; Description of a company core activity preparation of layout charts for relay systems and emergency control schemes; completion of out-staged works for organizing energy system operations of electric grid companies and regions, system-wide means (ASU TP, ASDU, ASKUE, ARChM, ARN, ASOU, LVS, communication facilities) and protective measures. providing services in working out of the UES of Russia Description of the company significance for the Issuer development schemes, placement of protection relay activity equipment and emergency control schemes, drawing dividends Membership of the board of directors (supervisory 1. Kozlov Maxim Vadimovich – Chairman of the Board board) with indication of the chairman of the board of of Directors directors (supervisory board) 2. Kupko Sergey Victorovich 3. Perelygin Andrey Vitalievich 4. Smerkovich Gennadiy Solomonovich 5. Yesin Mikhail Pavlovich 6. Frolov Mikhail Yevgenievich 7. Schatskiy Pavel Olegovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Smerkovich Gennadiy Solomonovich General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Chitatechenergo” Full and abbreviated trade names (JSC “Chitatechenergo”) Location 23, Profsoyuznaya street, Chita, Chita region, Russian Federation, 672090 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - ensuring quality and uninterrupted operation of communication network, communication lines and Description of a company core activity equipment of electric power industry entities; - construction of optical fiber communication lines, providing modern communication service package Description of the company significance for the Issuer Acquisition of income in the form of dividends activity Membership of the board of directors (supervisory 1. Terentyev Stanislav Nikolayevich – Chairman of the board) with indication of the chairman of the board of Board of Directors directors (supervisory board) 2. Goncharov Yuriy Vladimirovich 3. Kovalenko Tatyana Anatolievna 4. Shumilov Alexander Alexandrovich 5. Krassov Evgeniy Olegovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Kudinov Vyacheslav Ivanovich. General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Closed joint stock company “North-East Energy Full and abbreviated trade names Company”, (CJSC “Severovostokenergo”) Location 7, Kitaygorodskiy proezd, Moscow, Russian Federation, 103074 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 49.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 49.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Description of a company core activity - electric and heat power generating Description of the company significance for the Issuer Acquisition of income in the form of dividends activity Membership of the board of directors (supervisory 1. Antyukhin Mikhail Georgievich – Chairman of the board) with indication of the chairman of the board of Board of Directors directors (supervisory board) 2. Anzhin Georgiy Vladlenovich 3. Antyukhina Svetlana Nikolayevna 4. Gorbunov N.N. 5. Laschenov S.Y 6. Moscokchenko G.G. 7. Chulitskiy V.S. They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Chulitskiy Vadim Sergeevich. General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Energy institute named Full and abbreviated trade names after G.M. Krzhizhanovskiy”, (JSC “ENIN”) Location 19, Leninskiy prospect, Moscow, Russian Federation, 119991 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 38.24% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 38.24% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - carrying out research and development and related works aimed at increasing reliability and cost effectiveness of electric power generation, transmission, distribution and consumption; - carrying out integrated energy and economic researches of strategic issues of electric power industry development; -working out methods of mathematic simulation of gas- Description of a company core activity dynamic and electro physical processes required for developing new and improving existing energy technologies; - working out technique for using high information technologies in electric power industry; - working out methods of using low-grade fuels and environment protecting from pollutant emissions of energy enterprises. - the company carries out research and development and Description of the company significance for the Issuer related works for electric power industry aimed at activity increasing reliability and cost effectiveness of electric power distribution and consumption; - acquisition of income in the form of dividends Membership of the board of directors (supervisory 1. Volkov Eduard Petrovich board) with indication of the chairman of the board of 2. Levtsev Alexander Mikhailovich directors (supervisory board) 3. Romanov Alexey Anatolievich 4. Saukh Maxim Mikhailovich 5. Urinson Yakov Moiseevich – Chairman of the Board of Directors They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Volkov Eduard Petrovich General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Moscow communication Full and abbreviated trade names center of electric power industry”, JSC “MUS of Electric power industry” Location 7, Kitaygorodskiy proezd, Moscow, 103074, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company organizing, developing and operating of distribution communication networks in fuel and energy complex; carrying out research and development works and participating in technical support of establishing the Unified network of electric telecommunication of Description of a company core activity electric power industry (UNETEPI); establishing communication network using fiber-optic communication lines, including on power transmission lines applying PLC technologies; organizing and providing of communication services in various areas. JSC Moscow communication center of electric power industry is the corporate communication statement of JSC FGC UES. Due to this JSC MUS of Electric power industry provides JSC FGC UES with the following communication services: from permanent Description of the company significance for the Issuer communication center in Moscow and communication activity center of site 5025; municipal, local and intercity telephone and telegraph communication, facsimile communication; services on organizational and technical activity during operation management of communication channels and telephony. Membership of the board of directors (supervisory Chairman of the Board of Directors – Gurevich Dmitry board) with indication of the chairman of the board of Mikhailovich directors (supervisory board) Gurevich Dmitry Mikhailovich Perelygin Andrey Vitalievich Rodionov Vyacheslav Nikolayevich Nepomnyaschiy Alexander Josephovich Sofyin Vladimir Vladimirovich Terentiev Stanislav Nikolayevich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Terentiev Stanislav Nikolayevich (1967) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Closed joint stock company “Agency for Power Full and abbreviated trade names Balance Forecasting”, CJSC “APBE” Location 101, bld. 3, prospect Vernadskogo, Moscow, Russian Federation, 119526 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company developing of scientific base for short-term, medium- term and long-term forecasts in electric power industry using modern software and simulation systems and information technology and establishing simulating tools and information data bases; in cooperation with other infrastructural organizations of electric power industry, preparing of drafts of guideline and normative and legal acts and regulations on issues related to development of electric power industry and energy balance forecasting, organizing their agreeing with the interested state bodies of legislative and executive authorities, if necessary; Description of a company core activity developing, submitting to the interested state authorities of legislative and executive bodies and organizing of agreeing of guidelines for electric power industry participants related to forecasting electric and heat power and capacity demand as well as possibilities to satisfy demand on operating and commissioning capacities; in cooperation with other infrastructural organizations of electric power industry, submitting to the state authorities of executive bodies and participating in agreeing of regulations on forecasting and information exchange to coordinate activities of the state executive bodies, infrastructural organizations and electric power industry participants in power demand and generation forecasts; organizing work for developing aggregated forecasted balances of electric power and capacity as well as cost balances for electric power and capacity on wholesale power (capacity) market with participation of electric power industry participants and infrastructural organizations of electric power industry; and in accordance with regulations approved by the Federal tariff service, agreeing of the balances and notifying electric power industry participants of the approved balances. The company carries out scientific and practical engineering in the area of electric power industry. JSC Description of the company significance for the Issuer FGC UES, being the wholesale electric power market activity participant is interested in using the abovementioned projects. Membership of the board of directors (supervisory Chairman of the Board of Directors – Pryadein Victor board) with indication of the chairman of the board of Vasilievich directors (supervisory board) Pryadein Victor Vasilievich; Kravchenko Vyacheslav Mikhailovich Akhanov Dmitry Sergeevich Ayuev Boris Ilyich (0.0018 % of the authorized capital and voting stock of the issuer) Bystrov Maxim Sergeevich Gorkin Pavel Alexandrovich Klepach Andrey Nikolayevich Kozhukhovskiy Igor Stepanovich Makarov Alexey Alexandrovich Novikov Sergey Gennadievich Ponomarev Dmitry Valerievich Udaltsov Yuriy Arkadievich Urinson Yakov Moiseevich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Kozhukhovskiy Igor Stepanovich (1956) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Srednevolzhskaya Full and abbreviated trade names interregional managing energy company”, JSC “SMUEK” Location 15, Mayakovskogo street, Samara, Russian Federation, 443100 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 50% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 50% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company JSC “SMUEK” — the company managing operations of three energy systems which serve customers on the territories of Samara, Ulianovsk and Saratov regions. The following entities are transferred under operative management of the company: JSC “Samaraenergo”, JSC Description of a company core activity “Ulianovskenergo”, and JSC “Saratovenergo”. Core activities are increasing of economic efficiency of production and economic and financial activity of AO- energos of the region and preparing these entities for operating in market environment. Description of the company significance for the Issuer Acquisition of income in the form of dividends activity Membership of the board of directors (supervisory Chairman of the Board of Directors – Krasnopevtseva board) with indication of the chairman of the board of Vlada Sergeevna directors (supervisory board) Krasnopevtseva Vlada Sergeevna Kovalenko Andrey Igorevich Nikonov Vasiliy Vladislavovich Yevseenkova Elena Vladimirovna Seliverstova Tatyana Alexandrovna Lukyanova Marina Mikhailovna Yakovitskaya Yekaterina Mikhailovna They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Nikonov Vasiliy Vladislavovich (1972) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Uralskaya energy Full and abbreviated trade names managing company”, JSC “UEUK” Location 101, bld. 3, Prospekt Vernadskogo, Moscow, Russian Federation, 119526 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 33.33% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 33.33% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Description of a company core activity Management, trading and mediatory activity Description of the company significance for the Issuer Acquisition of income in the form of dividends activity Membership of the board of directors (supervisory Chairman of the Board of Directors – not elected board) with indication of the chairman of the board of Alexeev Ivan Vladimirovich directors (supervisory board) Valyagin Vladimir Victorovich Grave Irina Vadimovna Grin Irina Alexandrovna Kalybayeva Rosa Zhalmuratovna Makeev Andrey Lvovich Novokreschennykh Ekaterina Ilyinichna They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Novokreschennykh Ekaterina Ilyinichna (1972) General director (with indication of last name, first name and middle name, year of birth) She does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Valzhskaya territorial Full and abbreviated trade names generating company”, JSC “Volzhskaya TGC” Location 15, Mayakovskogo street, Samara, Russian Federation, 443100 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 32.179% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 32.179% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Generation of heat and electric power, sale of electric Description of a company core activity power on wholesale market, heat supply for domestic and industrial consumers Acquisition of income in the form of dividends Description of the company significance for the Issuer activity It is plan to sell shares in order to obtain required funds for realization of JSC FGC UES investment program. Membership of the board of directors (supervisory Chairman of the Board of Directors – Avetisyan board) with indication of the chairman of the board of Vladimir Evgenievich directors (supervisory board) (0.00001% of the authorized capital and voting stock of the issuer) Avetisyan Vladimir Evgenievich Alexeev Pavel Anatolievich Gluschenko Alexey Dmitrievich Ilyin Evgeniy Trofimovich Kachay Alexey Romanovich Kolosok Elena Valerievna Nikonov Vasiliy Vladislavovich Slobodin Mikhail Yurievich Smelov Eduard Yurievich Tuzov Mikhail Yurievich Schedrivitskiy Pavel Petrovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Chairman of the Board of Directors - Nikonov Vasiliy board, directorate) Vladislavovich Nikonov Vasiliy Vladislavovich Dikop Vladimir Vilgelmovich Rimer Yuriy Mirovich Sviridov Igor Vladimirovich Bukhtiyarov Andrey Vasilievich Alfeev Andrey Albertovich Karpushkin Alexander Victorovich They do not have interest in the authorized capital of JSC FGC UES. Nikonov Vasiliy Vladislavovich (1972) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Territorial generating Full and abbreviated trade names company No 11”, JSC “TGC-11” Location 5, Sovetskaya street, Novosibirsk, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 27.45% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 27.45% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Generation of heat and electric power, sale of electric Description of a company core activity power on wholesale market, heat supply for domestic and industrial consumers Acquisition of income in the form of dividends Description of the company significance for the Issuer activity It is plan to sell shares in order to obtain required funds for realization of JSC FGC UES investment program. Membership of the board of directors (supervisory Chairman of the Board of Directors – Gatsunayev board) with indication of the chairman of the board of Andrey Nikolayevich directors (supervisory board) Gatsunayev Andrey Nikolayevich Orobinskiy Sergey Petrovich Suyunova Madina Mukharbievna Bykhanov Evgeniy Nikolayevich Mustafin German Olegovich Bay Alexey Evgenievich Vershinin Denis Vladimirovich Naftulin Pavel Alexandrovich Spasov Evgeniy Nikiforovich Ryabov Boris Alexandrovich Kozhemyako Sergey Ivanovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Kozhemyako Sergey Ivanovich (1964) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Territorial generating Full and abbreviated trade names company No 6”, JSC “TGC-6” Location 117, Gorkogo street, Nizhniy Novgorod, GSP – 62, Russian Federation, 603950 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 27.45% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 27.45% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Generation of heat and electric power, sale of Description of a company core activity electric power on wholesale market, heat supply for domestic and industrial consumers Acquisition of income in the form of dividends Description of the company significance for the Issuer activity It is plan to sell shares in order to obtain required funds for realization of JSC FGC UES investment program. Membership of the board of directors (supervisory Chairman of the Board of Directors – Branis Alexander board) with indication of the chairman of the board of Markovich directors (supervisory board) Branis Alexander Markovich Gluschenko Alexey Dmitrievich Azovtsev Mikhail Victorovich Bashirov Marat Faatovich Gavrilenkov Evgeniy Evgenievich Demin Andrey Alexandrovich Drachuk Andrey Alexandrovich Krasnikov Maxim Yurievich Slobodin Mikhail Yurievich Spirin Denis Alexandrovich Filkin Roman Alexeevich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Chairman of the Management Board – Kramarenko board, directorate) Vyacheslav Mikhailovich Kramarenko Vyacheslav Mikhailovich Gudkov Vasiliy Petrovich Bobrov Alexander Alexandrovich Zakhozhay Dmitry Vladislavovich Onuchin Gennadiy Vladimirovich Ozerov Sergey Leonidovich Zabrodin Andrey Vladimirovich They do not have interest in the authorized capital of JSC FGC UES. Kramarenko Vyacheslav Mikhailovich (1976) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Schekinskiye PGU”, JSC Full and abbreviated trade names “Schekinskiye PGU” Location Schekinskaya GRES, Sovetsk, Schekinskiy district, Tula region, Russian Federation, 301205 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 45.211% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 45.211% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Technical upgrading and reconstruction of Schekinskaya GRES Description of a company core activity Generation of heat and electric power, sale of electric power on wholesale market Description of the company significance for the Issuer Acquisition of income in the form of dividends activity Membership of the board of directors (supervisory The company stock was transferred to JSC FGC UES on board) with indication of the chairman of the board of 01.07.2008 under separation balance sheet of JSC RAO directors (supervisory board) UES of Russia; and up to date it is not possible to obtain information about membership of the Board of Directors of the company. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Zhavoronkov Vladimir Vasilievich (1946) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Nurenergo”, Full and abbreviated trade names JSC “Nurenergo” Location 6, Staropromyslovoye shosse, Grozny, Chechen Republic, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock pf the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 77.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 77.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company supply (sale) of electric and heat power at statutory tariffs in accordance with dispatch schedule of electric power and heat demand; receipt (purchase) of electric power on wholesale energy (power) market; Description of a company core activity receipt (purchase) of heat and electric power from generating companies; generation of electric and heat power; dispatch control and compliance with efficient energy consumption regimes. JSC FGC UES finances reconstruction works on electric network facilities of Chechen Republic. In accordance with the Agreement on cooperation between Chechen Republic, JSC RAO UES of Russia and JSC Nurenergo No 05-07 dated 13.08.07, the latter was obliged to carry out these works, but 14.12.2007 JSC FGC UES had concluded contract on involving technical originator Description of the company significance for the Issuer with JSC MRSK of Northern Caucasus (that is JSC activity Nurenergo management company). In accordance with terms of this contract, works are to be carried out by JSC MRSK of Northern Caucasus at the expense of JSC FGC UES with further transfer of the assets to the latter. In future part of network facilities of JSC Nurenergo will be sold to JSC FGC UES offsetting JSC Nurenergo debt due to JSC FGC UES. Membership of the board of directors (supervisory Chairman of the board of directors – Murtazaliev Said- board) with indication of the chairman of the board of Khasan Salmanovich (1964) directors (supervisory board) Murtazaliev Said-Khasan Salmanovich (1964) Dzhivanshiryan Leon Robertovich (1962) Kaitov Magomet Kadyevich (1960) Solodova Anna Anatolievna (1969) Volkov Maxim Leonidovich (1982) They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Authorities of the sole executive body of the subsidiary company were transferred to management company: Open joint stock company “Interregional distribution network company of Northern Caucasus” (JSC MRSK General director (with indication of last name, first name of Northern Caucasus). and middle name, year of birth) Location: Location: 18, Podstantsionnaya street, Pyatigorsk, Stavropol Territory. It does not have interest in the authorized capital of JSC FGC UES. Open joint stock company Full and abbreviated trade names “Energostroysnabkomplekt of UES”, JSC “Energostroysnabkomplekt of UES” Location 7, Kitaygorodskiy proezd, Moscow, 103074, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company holding tenders and other non-competitive regulated procedures selecting suppliers of materials, works and Description of a company core activity services; concluding contracts on supply of materials and equipment with suppliers that won tenders. Within management system of JSC FGC UES, JSC Description of the company significance for the Issuer Energostroysnabkomplekt of UES is the corporate activity organizer of tenders and other non-competitive procedures. Membership of the board of directors (supervisory Chairman of the board of directors – Zimonas Roman board) with indication of the chairman of the board of Stasovich (1973) directors (supervisory board) Perelygin Andrey Vitalievich (1971) Kartayev Sergey Dzharashovich (1960) Melnikov Andrey Gennadievich (1969) Shmyrin Sergey Valerievich (1972 Saukh Vladimir Mikhailovich (1977) Dolgikh Vyacheslav Mikhailovich (1969) They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Zimonas Roman Stasovich (1973) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Scientific and technical Full and abbreviated trade names center of electric power industry”, JSC “NTC of electric power industry” Location 5A, Akademika Chelomeya street, Moscow, 117630, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - ensuring reliability and maximal utilization of resources of electric power stations, electric grids, other Description of a company core activity electric installations, electric equipment together with their efficient operating with application of advanced methods, up-to-date instruments and technical means; - carrying out of research and development works and providing expert services in the area of electric power industry aimed at increasing of reliability and economy of generation, transmission, distribution and consumption of electric power; - carrying out of research and development works in respect of backbone grids and distribution electric networks during their maintenance, technical upgrading, restructuring and new construction. - Currently in the course of the Russian Federation electric power industry the issue of the energy system security and reliability is becoming more serious. It is impossible to improve valuation of reliability status and technical and economic efficiency of electric power supply system without realizing the industrial research and development works. JSC “STC of electric power industry” is one of the world largest centers of scientific research in the area of electric power Description of the company significance for the Issuer industry and respectively, the leader in realization of activity R&D activity in Russia. - Scientific and technical basis of JSC “STC of electric power industry” is appended with innovative technologies aimed at mastering scientific knowledge and high-end technologies in the area of power supply network. Such pilot projects have been already realized not only for JSC FGC UES but for other major market participants tending utilizing only state-of-the-art technologies of reliable power supply for customers. Membership of the board of directors (supervisory Chairman of the board of directors – Dorofeev Vladimir board) with indication of the chairman of the board of Valerianovich (1945) directors (supervisory board) Lint Mikhail Georgievich (1948) Varivodov Vladimir Nikolayevich (1947) Baigarina Elena Nikolayevna (1953) Katina Anna Yurievna (1982) They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Varivodov Vladimir Nikolayevich (1947) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Center of power Full and abbreviated trade names industry”, JSC “Center of power industry” Location 101, bld. 3, prospect Vernadskogo, Moscow, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 98.56% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 98.56% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company real property business, including leasing to productive and non-productive real property; organizing and carrying out retail, wholesale, commission trade of consumer goods, food products, scientific and research and other production; organizing and operating of public catering facilities and consumer services for lease holders and visitors as well as organizing and operating of trading companies of various forms; organizing and carrying out of repair and construction for auxiliaries and lease holders needs; Description of a company core activity developing of communication systems and providing of communication and telematics services; design, reconstruction and construction of communication networks, lines and facilities (wired communication including optical fiber communication, radio, satellite, dial telephony, data transfer and automated control systems); maintenance and technical servicing of communication networks, lines and facilities (wired communication including optical fiber communication, radio, satellite, dial telephony, data transfer and automated control systems). - participates in design, reconstruction and construction of communication networks, lines and facilities (wired communication including optical fiber communication, Description of the company significance for the Issuer radio, satellite, dial telephony, data transfer and activity automated control systems); - assists in maintenance and technical servicing of communication networks, lines and facilities Membership of the board of directors (supervisory Chairman of the Board of Directors – Zhikharev Boris board) with indication of the chairman of the board of Sergeevich directors (supervisory board) - Vasilieva Anna Alexandrovna - Zhikharev Boris Sergeevich - Komarov Sergey Gennadievich - Kosarev Sergey Borisovich - Nekipelov Yuriy Borisovich - Shtykov Dmitry Victorovich - Yaroshevich Vladislav Anatolievich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Komarov Sergey Gennadievich General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “CNII NPK energo”, Full and abbreviated trade names JSC “CNII NPK energo” Location Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - trust management of property; - engineering survey for construction of buildings and structures of I and II Criticality Rating in accordance with the state standard; - designing of buildings and structures of I and II Description of a company core activity Criticality Rating in accordance with the state standard; - construction of buildings and structures of I and II Criticality Rating in accordance with the state standard; - carrying out construction and installation activities, capital repair and construction repair works. - participates in construction and installation Description of the company significance for the Issuer activities, capital repair and construction repair works activity and construction of buildings and structures of I and II Criticality Rating in accordance with the state standard. Membership of the board of directors (supervisory Chairman of the Board of Directors – Zhdanovich board) with indication of the chairman of the board of Viniamin Anatolievich directors (supervisory board) - Zhdanovich Viniamin Anatolievich - Lobov Pavel Vitalievich - Oboyshev Alexey Victorovich - Tulyakov Vadim Victorovich - Filippov Vasiliy Gennadievich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Zhdanovich Viniamin Anatolievich General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Energotekhcomplect”, Full and abbreviated trade names JSC “Energotekhcomplect” Location 2, bld. 2, Verbnaya street, Moscow, Russian Federation, 107147 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 65.34% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 65.34% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company provision of mediatory services for entities and organizations dealing with operation and construction of Russian power industry assets in packing up the sets and supplying materials, equipment, technical means and other products via direct relations with suppliers and Description of a company core activity entities of limited production; establishing own production of industrial and technical usage and consumer goods; organizing fairs and exhibitions in accordance with established procedure; foreign trade activity subject to applicable regulations. Description of the company significance for the Issuer - provision of services in the area of operating and activity construction of power industry assets Membership of the board of directors (supervisory Chairman of the Board of Directors – Nekipelov Yuriy board) with indication of the chairman of the board of Borisovich directors (supervisory board) - Nekipelov Yuriy Borisovich - Osadchaya yulia Borisovna - Khafizov Rim Khamitovich - Obraztsov Alexander Kirillovich - Lekarev Andrey Yakovlevich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Chazov Dmitry Vadimovich General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company Full and abbreviated trade names “Volgaenergosnabkomplekt”, JSC “Volgaenergosnabkomplekt” Location 5, Polevaya street, Samara, Russian Federation, 443100 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company centralized receipt, storage, completing units and shipping of material resources to energy companies; participating in realization of regional and other programs of housing construction, social facilities and technical structures construction; Description of a company core activity providing services of productive nature; security guarding activity solely in the interest of own security within the framework of Security service being established by the company which in its activity governs the Law of the Russian Federation “On private detective and safeguarding activity in the Russian Federation” and the legislation of the Russian Federation. Description of the company significance for the Issuer Acquisition of income in the form of dividends activity Membership of the board of directors (supervisory Chairman of the Board of Directors – not available board) with indication of the chairman of the board of Members of the Board of Directors – not available directors (supervisory board) They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association General Directors – not available General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Certifying Center of Full and abbreviated trade names digital signatures of Electric power industry”, JSC “CC of Electric power industry” Location 101, bld. 3, Vernadskogo prospekt, Moscow, 119526, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - providing electric power industry companies, legal entities and individuals with crypto keys and certified keys; Description of a company core activity - organizing of interaction of certifying centers of electric power industry; - organizing interaction with federal certifying centers. Description of the company significance for the Issuer - provision of Certifying center services activity Membership of the board of directors (supervisory Chairman of the board of directors – Fadeev Alexander board) with indication of the chairman of the board of Nikolayevich directors (supervisory board) Chernov Alexander Grigorievich Danilov Denis Petrovich Perelygin Andrey Vitalievich Osipov Alexander Anatolievich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Danilov Denis Petrovich (1969) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Mobile gas turbine Full and abbreviated trade names electric stations”, JSC “Mobile GTES” Location 16, bld. 5, Bersenevskaya Embankment, Moscow, 119072 Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 100.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company electric power generation; ensuring operating of power equipment in accordance with effective normative requirements, carrying out its timely and quality repairing, technical upgrading and Description of a company core activity reconstructing of power industry assets as well as developing of energy system; repairing of power equipment and apparatus using materials containing precious metals, etc. Description of the company significance for the Issuer - supporting electric grids and equipment operation in activity emergency situations. Membership of the board of directors (supervisory Chairman of the Board of Directors – Negasheva Yulia board) with indication of the chairman of the board of Nikolayevna directors (supervisory board) - Bragin Oleg Valentinovich - Ivanova Ksenia Valerievna - Varand Konstantin Eduardovich - Nekielov Yuriy Borisovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Bragin Oleg Valentinovich (1967) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Kuban backbone grids”, Full and abbreviated trade names JSC “Kuban backbone grids” Location 5, Tramvaymaya street, Krasnodar, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 48.99% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 48.99% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company providing services for electric power transmission and distribution; providing services for connecting to electric grids; providing services for collecting, transferring and processing of technological information, including measuring and accounting data; diagnostics, operation, repair of electric grids and other assets of electric grid facilities and their technological management; Description of a company core activity diagnostic operation, operation and maintenance of technological communication systems, measurement instrumentation and recording, protection relay equipment and emergency control schemes as well as other technological equipment related to electrical grid facilities operation and its technological management; developing of electrical grids and other electrical grid facilities, including designing, engineering studies, construction, restructuring, technical upgrading, installation and setting up. Description of the company significance for the Issuer - ensuring electric power transmission within the region. activity Membership of the board of directors (supervisory Chairman of the Board of Directors – Goncharov Yuriy board) with indication of the chairman of the board of Vladimirovich directors (supervisory board) - Gurin Dmitry Vasilievich - Sadovoy Victor Victorovich - Kovalenko Tatyana Anatolievna - Trostnikova Elena Nikolayevna - Smagin Andrey Victorovich - Piotrovich Nikolay Borisovich - Gorlanov Andrey Sergeevich - Toropov Egor Victorovich - Kholostov Alexander Alexanderovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Timchenko Anatoliy Nikolayevich (1950) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Tomskiye backbone Full and abbreviated trade names grids”, JSC “Tomskiye backbone grids” Location 5, Tramvaynaya street, Krasnodar, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 50% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 52.03% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 59.88% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company providing services for electric power transmission and distribution; providing services for connecting to electric grids; providing services for collecting, transferring and processing of technological information, including measuring and accounting data; diagnostics, operation, repair of electric grids and other assets of electric grid facilities and their technological management; Description of a company core activity diagnostic operation, operation and maintenance of technological communication systems, measurement instrumentation and recording, protection relay equipment and emergency control schemes as well as other technological equipment related to electrical grid facilities operation and its technological management; developing of electrical grids and other electrical grid facilities, including designing, engineering studies, construction, restructuring, technical upgrading, installation and setting up. Description of the company significance for the Issuer - ensuring electric power transmission within the region. activity Membership of the board of directors (supervisory Chairman of the Board of Directors board) with indication of the chairman of the board of - Gurin Dmitry Vasilievich directors (supervisory board) - Sadovoy Victor Victorovich - Kovalenko Tatyana Anatolievna - Nemtsev Boris Lvovich - Piotrovich Nikolay Borisovich - Gorlanov Andrey Sergeevich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Karmanov Yuriy Alexandrovich (1950) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “Main computer center of Full and abbreviated trade names power industry», JSC “GVC of power industry” Location 7, Kitaygorodskiy proezd, Moscow, Russian Federation Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 50.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 50.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Description of a company core activity Infrastructure services, services of Data processing center, servers support, ensuring uninterrupted communication, local networks support, system and standard user software support, etc.; Application-oriented services of information servers of the Unified energy system and provision of access to them; Centralized delivery of licenses and equipment for selling and upgrading of licensed software, computers and network equipment at best prices within the industry; Industry analytics; carrying out industry researches and preparing of analytical reports; developing of requirements for reporting information structure for energy complex entities; Corporate projects; integration of applications (based on portal and other technologies). Complete service package for developing, implementing and supporting Balanced indicator system (management under key performance indicators); inquiry systems. Structuring of IT-functions activity; participating in implementation of industry IT standards within power industry entities. Description of the company significance for the Issuer - ensuring the Company’s IT activity. activity Membership of the board of directors (supervisory Chairman of the Board of Directors – Spitsin Leonid board) with indication of the chairman of the board of Evgenievich directors (supervisory board) - Chistyakov Alexander Nikolayevich (0.0003 % of the authorized capital and voting stock of the issuer) - Aksenov Evgeniy Gennadievich - Bandurin Garald Ivanovich - Belyaev Konstantin Vladimirovich - Vasilieva Anna Alexandrovna - Lakhov Sergey Vasilievich - Pertsovskiy Oleg Evgenievich - Chernov Alexander Grigorievich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Aksenov Evgeniy Gennadievich (1965) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Open joint stock company “First generating Full and abbreviated trade names company of the wholesale electric power market”, JSC “OGK-1” Location 1, bld. 1, Odesskaya street, Tyumen, Tyumen region, 625023 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 40.17% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 40.17% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Electric and heat power generation and sale, power capacity sale; Description of a company core activity Steam and hot water (heat power) generating, distributing and transmitting by heat power stations; Activity on operability assurance of heat power stations. Acquisition of income in the form of dividends Description of the company significance for the Issuer activity It is plan to sell shares in order to obtain required funds for realization of JSC FGC UES investment program. Membership of the board of directors (supervisory Chairman of the Board of Directors – Smirnova Yulia board) with indication of the chairman of the board of Vsevolodovna directors (supervisory board) - Akhanov Dmitry Sergeevich - Ulanovskaya Elena Nikolayevna - Sorokin Roman Yurievich - Shtykov Dmitry Victorovich - Gavrilenkov Evgeniy Evgenievich - Khlebnikov Vladimir Victorovich - Shulginov Nikolay Grigorievih - Miroshnichanko Evgeniy Nikolayevich - Desyatov Evgeniy Valerievich - Shiryaeva Larisa Vladimirovna They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management The Management Board: board, directorate) - Khlebnikov Vladimir Victorovich - Bragin Valentin Borisovich - Mistyukova Nadezhda Anatolievna - Milyaev Roman Gareevich - Mintyukov Alexey Pavlovich - Zagorodni Evgeniy Nikolayevich Khlebnikov Vladimir Victorovich (1963) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Joint stock company “Unified Energy System”, AO Full and abbreviated trade names UES “GruzRosenergo” Location 2, Marshala Gelovani street, Tbilisi, 0159, Georgia Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 50.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 50.00% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Description of a company core activity Electric power transmission Ensuring control over proper condition of power transmission lines of Energy system of Georgia; Description of the company significance for the Issuer provision of required maintenance measures and timely activity repair and restoration works that will increase reliability of simultaneous operations of the Unified energy system of Russia and Energy system of Georgia. Membership of the board of directors (supervisory Chairman of the Board of Directors – Rappoport Andrey board) with indication of the chairman of the board of Natanovich (1963) directors (supervisory board) (0.0018 % of the authorized capital and voting stock of the issuer) Natroshvili David Amiranovich (1977) Vagner Aleksandr Evgenievich (1965) Dikoy Vladimir Ivanovich (1954) Sturua Vanno Revazovich (1976) Tavadze Giorgi Sosoevich (1954) They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Directorate: board, directorate) General director Sheradze Georgy Vladimirovich (1965) (Head of the Directorate); first deputy general director for financial and economic issues Bolkvadze Yasha Kodirovich (n/a); deputy general director for commercial issues Chichua Guram Valerianovich (n/a). They do not have interest in the authorized capital of JSC FGC UES. Sheradze Georgy Vladimirovich (1965) General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Bashkie open joint stock company of electric power Full and abbreviated trade names industry and electrification «Bashkirenergo” (JSC “Bashkirenergo”) Location 74, Ulianovykh street, Ufa, Republic of Bashkorstan, Russian Federation, 450029 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of 21.27% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 21.27% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company - supply (sale) of electric and heat power at regulated tariffs in accordance with dispatch schedules of electric Description of a company core activity and heat loads; - receipt (purchase) of electric power at the wholesale power (capacity) market; - receipt (purchase) of heat and electric power from generating companies; - electric and heat power generation; - electric and heat power transmission; - dispatching management and compliance with energy saving and energy consumption modes; - providing for power equipment operation in accordance with effective normative requirements; carrying out timely and quality repair, technical upgrading and reconstruction of energy facilities as well as development of energy system. Acquisition of income in the form of dividends on JSC Description of the company significance for the Issuer “Bashkirenergo” shares. activity It is plan to sell shares in order to obtain required funds for realization of JSC FGC UES investment program. Membership of the board of directors (supervisory 1. Mirsaitov Yusup Mukhaysinovich (1946) – Chairman board) with indication of the chairman of the board of of the Board of Directors directors (supervisory board) 2. Amirkhanov Rishat Minigayanovich, 1958 3. Baranov Dmitry Georgievich, 1951 4. Branis Alexander Markovich, 1977 5. Drachevskiy Leonid Vadimovich, 1942 6. Zaydullin Rasul Railovich, 1971 7. Kochetov Yuriy Vladimirovich, 1954 8. Kurapov Nikolay Andreevich, 1949 9. Nasibullin Fidus Gadelyanovich, 1961 10. Polivenko Vladimir Mikhailovich, 1957 11. Rashitov Albert Zaynullovich, 1958 12. Smirnov Pavel Stepanovich, 1952 13. Tuzov Mikhail Yurievich, 1966 Membership of collegial executive body (management 1. Aminev Azat Khakimyanovich, 1953 board, directorate) 2. Amirkhanov Rishat Miniayanovich, 1958 3. Doronin Alexey Yurievich, 1973 4. Kalenova Svetlana Nikolayevna, 1958 5. Lipatiev Victor Mikhailovich, 1952 6. Mukhin Yuriy Fyedorovich, 1951 7. Salimgareev Fadis Faukatovich, 1957 8. Teregulov Rustam Zakiryanovich, 1951 9. Usmanov Ramil Gafurovich, 1951 10. Khokhlova Zugra Anvarovna, 1956 11.Chizhikov Victor Alexeevich, 1951 12. Shevchenko Pavel Nikolayevich, 1959 13. Yulbarisova Dilyara Talgatovna, 1964 General director (with indication of last name, first name Kurapov Nikolay Andreevich and middle name, year of birth) Limited liability company “Electric power industry Full and abbreviated trade names Index – FGC UES” Location 101, bld. 3, Prospekt Vernadskogo, Moscow, Russian Federation, 119526 Basis to recognize the company as subsidiary or The Issuer owns 100% of shares of the company associated to the Issuer Percentage held by the Issuer in the authorized capital of 100.00% a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or associated company owned by the Issuer Percentage held by a subsidiary and /or associated 1.19% company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a 1.19% subsidiary and/or associated company Description of a company core activity Sale of stock owned by the company Monetary funds received from the stock sale will be Description of the company significance for the Issuer used for payment of LLC “Electric power industry Index activity – FGC UES” bills of exchange owned by JSC FGC UES Membership of the board of directors (supervisory Baitov Anatoliy Valerievich board) with indication of the chairman of the board of Tuzov Mikhail Yurievich directors (supervisory board) Demin Andrey Alexandrovich - Chairman Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Perelygin Andrey Vitalievich, 1971 General director (with indication of last name, first name and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. Limited liability company “IT Energy Service”, Full and abbreviated trade names LLC “IT Energy Service” Location 7, Kitaygorodsliy proezd, Moscow, Russian Federation, 109074 Basis to recognize the company as subsidiary or The Issuer owns over 20% of voting stock of the associated to the Issuer company Percentage held by the Issuer in the authorized capital of - a subsidiary and /or associated company Percentage of common stock of a subsidiary and/or 39.99% associated company owned by the Issuer Percentage held by a subsidiary and /or associated None company in the authorized capital of the Issuer Percentage of common stock of the Issuer owned by a None subsidiary and/or associated company Description of a company core activity Information is not available Description of the company significance for the Issuer Information is not available activity Membership of the board of directors (supervisory Chairman of the Board of Directors – board) with indication of the chairman of the board of directors (supervisory board) Lukin Andrey Borisovich Aksenov Evgeniy Gennadievich Abramenko Mikhail Dmitrievich Bandurin Garald Ivanovich Volik Vladimir Olegovich Evseenkov Oleg Vladimirovich Zavalenko Maxim Valentinovich Spitsyn Leonid Evgenievich Atsishin Vitaliy Victorovich Gabov Andrey Vladimirovich Nekipelov Yuriy Borisovich They do not have interest in the authorized capital of JSC FGC UES. Membership of collegial executive body (management Collegial executive body (management board, board, directorate) directorate) of this subsidiary company is not stipulated by the Company Articles of Association Manager General director (with indication of last name, first name Yatsishin Vitaliy Victorovich and middle name, year of birth) He does not have interest in the authorized capital of JSC FGC UES. 4.6. Composition, structure and value of the Issuer assets, information about acquisition, replacement, disposal of assets as well as information about encumbrance of the Issuer assets 4.6.1. Fixed assets Information about historical (replacement) cost of fixed assets and the amount of accumulated depreciation for the 5 last completed financial years (in RUR ths): Reporting date: 31.12.2003 Name of the asset group Historical (replacement) cost Accumulated depreciation Productive buildings 3,266,023 261,749 Hydro technical constructions 461 45 Power transmission lines and 75,263,952 9,643,809 mechanisms Equipment and installations 149,413 29,051 Power facilities 175,008 33,750 Substations 24,896,417 2,389,128 Fixed assets valued up to RUR 10,000 2,513 1,116 Non-productive fixed assets 174,599 174,530 Other 2,694,393 551,337 Reporting date: 31.12.2004 Name of the asset group Historical (replacement) cost Accumulated depreciation Productive buildings 4,702,175 605,707 Hydro technical constructions 461 106 Power transmission lines and 85,864,051 18,672,468 mechanisms Equipment and installations 303,223 66,552 Power facilities 184,762 65,105 Substations* 30,564,396 4,914,827 Fixed assets valued up to RUR 10,000 220,550 220,536 Other 5,083,031 1,063,161 Reporting date: 31.12.2005 Name of the asset group Historical (replacement) cost Accumulated depreciation Productive buildings 5,771,002 1,101,869 Hydro technical constructions 9,733 1,808 Power transmission lines and 96,296,402 28,564,214 mechanisms Equipment and installations 945,708 188,401 Power facilities 347,041 118,001 Substations 36,278,069 8,263,291 Fixed assets valued up to RUR 10,000 280,655 280,655 Other 5,731,584 1,685,376 Reporting date: 31.12.2006 Name of the asset group Historical (replacement) cost Accumulated depreciation Productive buildings 8,038,479 1,701,122 Hydro technical constructions 9,733 2,643 Power transmission lines and 100,240,173 38,871,546 mechanisms Equipment and installations 1,033,349 299,271 Power facilities 413,016 156,139 Substations 43,179,740 11,945,036 Fixed assets valued up to RUR 10,000 382,778 382,778 Other 9,662,617 2,706,089 Reporting date: 31.12.2007 Name of the asset group Historical (replacement) cost Accumulated depreciation Productive buildings 9,595,412 2,393,735 Hydro technical constructions 258 163 Power transmission lines and 107,761,743 50,170,751 mechanisms Heat supply systems 45 28 Equipment and installations 319,981 169,876 Power facilities 72,563 37,916 Substations* 47,241,201 13,357,544 Non-productive assets 0 0 Fixed assets valued up to RUR 10,000 489,612 489,612 Other 22,625,650 7,372,838 * Cost of fixed assets is indicated that are located at substations which do not relate to immovable assets Information about depreciation method by fixed assets groups: Fixed assets are depreciated under straight-line method. Results of the last revaluation of fixed assets and long-term leased assets conducted during the 5 last complete financial years: Revaluation under RAR is carried out as of 01 January. Value of machinery and equipment was determined based on information about price levels received from the state statistics authorities, trade inspectorates and organizations; as well as information about price levels published in mass media. Value of buildings, constructions and transfer mechanisms was determined based on calculations of index of changes in electric grid facilities construction cost. Group name Replacement Changes to Replacement or Revaluation of Replacement or or historical opening balance historical cost as of fixed assets as historical cost as

p cost as of the due to item the year end prior to of the beginning of beginning of year end reclassification reporting period of reporting the year prior to (31.12.2006), period, RUR (01.01.2007), reporting considering changes ths. considering period to opening balance, changes to Asset Grou (31.12.2006), RUR ths. opening balance, RUR ths. considering revaluation result, RUR ths.

Productive buildings 8,038,479 160,399 8,198,878 615,037 8,813,915

Hydro technical 9,733 - 9,475 258 0 258 constructions

Power transmission 100,240,173 1,181,349 101,421,522 2,100,486 103,522,008 lines and mechanisms Heat supply systems 0 42 42 3 45 Equipment and 1,033,349 - 763,709 269,640 28,412 298,052 installations Power facilities 413,016 - 355,088 57,928 0 57,928 Substations 43,179,740 - 7,019,991 36,159,749 2,229,878 38,389,627 Non-productive fixed 0 0 0 0 0 assets Fixed assets valued up 382,778 9,877 392,655 0 392,655 to RUR 10,000 Other 9,662,613 6,796,596 16,459,209 763,645 17,222,854 Total book value of 162,959,881 0 162,959,881 5,737,461 168,697,342 fixed asset

Group name Accumulated Changes to Accumulated Revaluation of Accumulated depreciation opening balance depreciation as of the fixed assets as depreciation as of up as of the year due to item year end prior to of the beginning beginning of the o r end prior to reclassification reporting year of reporting year (01.01.2007), G reporting (31.12.2006), period, RUR considering year considering changes ths. changes to Asset (31.12.2006), to opening balance, opening balance, RUR ths. RUR ths. considering revaluation result, RUR ths.

Productive buildings 1,701,122 56,610 1,757,732 127,627 1,885,359

Hydro technical 2,643 -2,517 126 0 126 constructions Power transmission 38,871,546 285,298 39,156,844 877,524 40,034,368 lines and mechanisms Heat supply systems 0 21 21 1 22 Equipment and 299,271 - 161,849 137,422 6,806 144,228 installations Power facilities 156,139 - 125,620 30,519 0 30,519 Substations 11,945,036 - 2,261,891 9,683,145 579,311 10,262,456 Non-productive fixed 0 0 0 0 0 assets Fixed assets valued up 382,778 9,812 392,590 0 392,590 to RUR 10,000 Other 2,706,085 2,200,136 4,906,221 186,667 5,092,888 Total accumulated 56,064,620 0 56,064,620 1,777,936 57,842,556 depreciation of fixed assets Total net book value of 106 895 261 0 106 895 261 3 959 525 110 854 786 fixed assets

Information about acquisition, replacement, disposal of assets cost of which amounts 10 per cent and more out of cost of assets of the Issuer and also other fixed assets at the Issuer discretion: There are no above mentioned plans. Information about encumbrance of the Issuer assets (with indication of nature of encumbrance, the moment of creation of encumbrance, its duration and other terms at the discretion of the Issuer): There is no encumbrance of fixed assets. V. Information about financial and economic activities of the Issuer 5.1. Results of financial and economic activities of the Issuer 5.1.1. Profit and losses Dynamics of indicators characterizing profitability and losses of the Issuer for the last 5 complete financial years:

Item 2003 2004 2005 2006 2007 Revenue, RUR ths. 17,229,460 23,249,655 29,866,866 53,599,546 61,384,715 Gross margin, RUR ths. 2,100,173 5,301,176 6,632,459 10,230,926 9,354,884 Net profit (retained earning (uncovered loss)), 1,048,953 2,166,760 1,997,066 1,833,484 2,296,167 RUR ths. Return on equity, % 0.86 1.68 1.48 1.31 1.12 Return on assets, % 0.85 1.58 1.26 0.85 0.77 Net profit ration, % 6.09 9.32 6.69 3.42 3.74 Profitability of products (sales), % 9.09 17.96 17.86 15.59 10.23 Turnover ration, times 0.14 0.17 0.19 0.32 0.27 Uncovered loss as of the reporting date, RUR 398,018.00 0.00 0.00 0.00 0.00 ths. Proportion of uncovered loss as of the reporting 0.32 0.00 0.00 0.00 0.00 date to balance sheet total, % Ratios were calculated in accordance with methods recommended by the Regulation on information disclosure by securities issuers approved by the Order of the Federal service on financial markets dated 10.10.2006 No 06-117/pn-z. Economic analysis of the Issuer profitability/loss-making based on analysis of given indexes dynamics: • in 2003-2007 there is upward revenue and gross margin trend, however based on 2007 results gross margin is slightly decreased as compared with 2006 level; during the period under review net profit changes have no expressed trend; in 2003 – 2007 return on equity, return on assets and profitability of products (sales) did not have expressed trend: after short-term growth they started declining that is observed from 2005 to 2007; in 2003 – 2006 net profit ratio did not have expressed trend; in 2003-2006 there is upward turnover ratio trend, in 2007 this ratio declined insignificantly; • in 2003 there was uncovered loss, in 2004 – 2007 proportion of uncovered loss as of the reporting date to balance sheet total equaled zero. Information about reasons that in accordance with the Issuer management bodies resulted in losses/profit recognized in the accounting reports for 5 complete financial years: JSC FGC UES was established as an organization for managing of the unified national (all-Russian) electrical network (UNEG) for the purpose of its retention and development that determines specific nature of its activity as well as of its income and expenditure generating. Specific nature of the company activity determines the following specific character of generating financial results and profitability management: • the company income was determined by tariffs stipulated by the Federal Tariff Service and by consolidated data of electric power supply from the UNEG into connected networks of Regional grid companies and customers and also by data on contract demand of customers connected to the UNEG. the company incurs costs based on technological requirements of the UNEG electrical facilities operation, target income amount and the company development policy; • profitability is planned on the basis of the level of planned income and cost of repairing and maintenance of the UNEG electrical facilities. The Issuer management bodies have concurring opinions in respect of the abovementioned reasons and their impact on financial and economic activity results of the Issuer. There is no special opinion of a member of the Issuer Board of Directors or collegial executive body in respect of the abovementioned reasons and their impact on financial and economic activity results of the Issuer, recorded in protocol of the meeting (session) of the Issuer Board of Directors or collegial executive body where such issues had been considered. 5.1.2. Factors impacted changes of the Issuer sales from goods, products, works, services and profit (losses) from core activity Factors (impact of inflation, the exchange rate changes, resolution of the state authorities, other economic, financial, political and other factors) that in the opinion of the Issuer management bodies impacted sales volume, cost of production and cost of sales and profit (losses) from core activity for 5 last completed financial years, and assessment of each factor that in the opinion of the abovementioned bodies impacted the abovementioned results of the Issuer financial and economic activities: • increase of volume of network services; increase of tariffs for electric power transmission via UNEG; inclusion of technological losses within UNEG networks in service charges paid by customers; • inclusion of cost of maintenance of additional networks of MSKs in services charges; The above mentioned factors are basic factors resulted in increase of sales, cost of sales and profit (losses) from core activities. Assessment of impact of these factors: due to the fact that the mentioned factors are basic factors, they had predominant effect on increase of sales, cost of sales and profit (losses) from core activities. The Issuer management bodies have concurring opinions with regard to the mentioned factors and/or their significance for results of the Issuer financial and economic activity. There is no special opinion of a member of the Issuer Board of Directors or a member of the Issuer collegial executive body with regard to the abovementioned factors and/or their significance for results of the Issuer financial and economic activity recorded in the Minutes of the meeting (session) of the Issuer Board of Directors or collegial executive body where respective issues were considered. 5.2. The issuer liquidity, capital and working capital adequacy Dynamics of ratios characterizing the Issuer liquidity for 5 last complete financial years:

Item 2003 2004 2005 2006 2007 Working capital, RUR ths. 6,033,254 3,418,264 -4,805,598 -43,080,114 -31,081,724 Permanent asset index 0.95 0.97 1.04 1.31 1.15 Current ratio 6.16 3.52 3.47 0.70 0.87 Acid ratio 4.10 2.04 1.99 0.62 0.82 Equity ratio 0.93 0.94 0.85 0.65 0.69 Ratios were calculated in accordance with methods recommended by the Regulation on information disclosure by securities issuers approved by the Order of the Federal service on financial markets dated 10.10.2006 No 06-117/pn-z. Economic analysis of the Issuer liquidity and solvency, sufficiency of the Issuer equity for the purpose of fulfillment of its current liabilities and covering of its operating expenses based on economic analysis of the mentioned ratios dynamics, and also description of factors that in the opinion of the Issuer management bodies resulted in changes of the mentioned ratios by 10 or more per cent as compared to the prior reporting period: The amount of working capital characterizes the portion of the company equity that is the source for covering its current assets (i.e. having asset turnover less than a year). This estimate indicator depends on both the assets profile and the structure of sources of funds. As is clear from the data presented, the Issuer had shortage of working capital in 2005 – 2007 that had adverse effect on its liquidity and ability to pay, adequacy of the Issuer equity. Throughout the whole period in question clear downward trend of this ratio is observed. In 2002 – 2004 working capital index was at a fair level. In 2005, 2006 and 2007 the permanent asset index exceeded 1 that corresponds to and is confirmed by negative working capital number in these years. This index demonstrates that the sum of non-current assets and accounts receivable exceeds the amount of equity that represents negative evidence. Current ratio had downtrend during the whole period in question that taking into account of its high value in 2003 can be considered as positive evidence due to the fact that standard value of this ratio lays in the interval from 1 to 2. This ratio value is indicative of sufficiently high level of the Issuer liquidity and ability to pay excluding for 2006 – 2007 when the ratio fell down to 0.7 and 0.87, respectively that was below the standard. Major factor caused decreasing of current ratio in 2004 was the increase in short- term liabilities. Significant increase in current liabilities was the major factor caused decrease of this ratio in 2006. Acid ratio had downtrend during the whole period in question that taking into account of its high value in 2003 can be considered as positive evidence due to the fact that standard value of this ratio lays in the interval from 0.7 to 0.8. This ratio value is indicative of sufficiently high level of the Issuer liquidity and ability to pay excluding for 2006 when the ratio fell down to 0.62 that was below the standard. Major factor caused decreasing of acid ratio in 2004 was the increase in short-term liabilities. Significant increase in current liabilities was the major factor caused decrease of this ratio in 2006. Equity ratio shows share of equity within the assets and characterizes the level of financial independence from creditors. The ratio does not have distinct trend. Equity ratio was at sufficiently good level during the whole period in question that is indicative of certain level of financial stability of JSC FGC UES. The Issuer management bodies have concurring opinions with regard to the mentioned factors and/or their significance for results of the Issuer financial and economic activity. There is no special opinion of a member of the Issuer Board of Directors or a member of the Issuer collegial executive body with regard to the abovementioned factors and/or their significance for results of the Issuer financial and economic activity recorded in the Minutes of the meeting (session) of the Issuer Board of Directors or collegial executive body where respective issues were considered. 5.3. The amount and structure of equity and working capital of the issuer 5.3.1. The amount and structure of equity and working capital of the Issuer Information for 5 last complete financial years:

Item 2003 2004 2005 2006 2007 a) Authorized capital of the Issuer, RUR, ths. 127,000,00 121,607,24 121,607,24 121,607,24 180,691,10 0 2 2 2 4 b) value of stock bought out by the Issuer for resale, - RUR. Ths., with indication of % of such shares out 7,072,799; – – – – of the placed stock 5.6% c) Reserve capital created out of the Issuer profit, – 52,448 1,782,195 3,411,969 4,657,605 RUR, Ths. d) Additional capital reflecting increase in assets value resulted from revaluation, and also the difference between sell price (offering price) and 2,086,049 5,731,591 9,322,392 13,126,449 16,994,046 nominal value of the stock (shares) resulted from sale of the stock (shares) at price exceeding their nominal value, RUR, ths. e) retained earning, RUR, ths. -398,018 1,729,747 2,017,390 1,932,307 2,442,736 121,615,23 129,121,02 134,729,21 140,077,96 204,785,49 f) total amount of the Issuer capital, RUR, ths. 2 8 9 7 1 The amount of the authorized capital given in the present paragraph corresponds to the amount of the authorized capital, shown in the constituent documents of the Issuer. The amount of working capital of the Issuer in accordance with accounting reports of the Issuer (in RUR ths.):

Item 2003 2004 2005 2006 2007 Inventories 961,379 1,419,356 1,458,364 2,275,327 2,238,267 Value added tax on assets purchased 1,447,991 3,510,575 6,141,694 1,364,869 1,731,506 Accounts receivable (receivable over 12 – – 1,513,266 483,485 605,359 months) Accounts receivable (receivable within 12 3,539,201 6,669,958 8,581,716 21,529,762 42,267,665 months) Short-term financial investments 1,248 52 300,422 929,091 3,930,420 Cash and cash equivalents 1,252,278 164,736 1,341,762 5,457,948 9,991,374 Other current assets – – – – –

The structure of working capital of the Issuer in accordance with accounting reports of the Issuer (in percentage to the total working capital):

Item 2003 г. 2004 г. 2005 г. 2006 г. 2007 г. Inventories 13.35% 12.06% 7.54% 7.10% 3.68% Value added tax on assets purchased 20.11% 29.84% 31.76% 4.26% 2.85% Accounts receivable (receivable over 12 0.00% 0.00% 7.83% 1.51% 1.00% months) Accounts receivable (receivable within 12 49.14% 56.69% 44.38% 67.20% 69.56% months) Short-term financial investments 0.02% 0.00% 1.55% 2.90% 6.47% Cash and cash equivalents 17.39% 1.40% 6.94% 17.03% 16.44% Other current assets – – – – –

Sources of financing of working capital of the Issuer: revenue from ordinary types of activity. The Issuer policy in respect of financing of working capital as well as factors that can result in changes in the policy of financing of working capital and also estimate of probability of such changes: Policy of JSC FGC UES in respect of financing of its working capital includes realization of measures in the following areas: • optimization of volume and structure of sources of financing ensuring efficient use of equity and sufficient financial stability; • cooperation with a number of large banks with a view to short-term lending and interest rate optimization. Factors that can result in changing of policy of working capital financing are as follows: • Tightening of creditors requirements. In this case the Issuer has to settle its accounts payable by attracting fee-based borrowings and replacing trade accounts payable with interest bearing loans from banks and credit organizations. In the opinion of the Issuer, the probability of occurring of this factor is low. • Changing of interest rates relationship under long-term and short-term loans. In case of reducing the interest rate under long-term loans in relation to the short-term borrowings the Issuer will replace short-term loans with long-term borrowings. In the opinion of the Issuer, the probability of occurring of this factor is not high. 5.3.2. Financial investments of the Issuer List of financial investments of the Issuer that amount to 10 and more per cent of its all financial investments as of 31.12.2007: Type of securities Shares Full and abbreviated trade names Open joint stock company Tyumenskaya backbone grid company, JSC Tyumenskaya backbone grid company Location 44, Daudelnaya street, Tyumen, 625002 The state registration numbers of securities issues and 1-01-55115-E, date of the state registration of the issue: dates of the state registration, registering authorities 03.11.2005, authority registered the securities issue: registered securities issue Federal Service of Securities Market Amount of securities owned by the Issuer 273,738,950.00 shares Total nominal value of securities owned by the Issuer RUR 375,022,361.50 Total net book value of securities owned by the Issuer RUR 11,264,000,015.69 (21.3% out of total financial investments) Amount of dividend on preferential stock or the procedure of determining dividend amount in cases there is no preferential stock when it is stipulated by the Articles of Association of a joint stock company – the Issuer, payout period Amount of dividend on ordinary stock if data on the amount of declared dividend on ordinary stock is not Dividends for 2006 amounted to RUR 0.03 per an available for the current year, the amount of dividend ordinary share; declared in previous year should be indicated), payout No decision was made to pay dividends for 2007 period Information about provisions for depreciation on No provision is accrued securities Monetary assets of the Issuer are not kept on deposit or other accounts in banks or other credit organizations which licenses were suspended or cancelled, or in credit organizations in respect of which decisions were taken on reorganization, liquidation, starting of bankruptcy procedure or on recognizing such organizations as bankrupts. Accounting standards (rules) in accordance with which the Issuer prepared calculations presented in the present paragraph of the Prospectus of issue of securities: Russian accounting regulations.. 5.3.3. Intangible assets of the issuer Information about the structure of intangible assets, about historical (replacement) cost of intangible assets and the amount of accumulated amortization for 5 last complete financial years: Intangible assets were recognized in 2003 accounting reports. Reporting date: 31.12.2003: Group of intangible assets Historical (replacement) cost, Accumulated amortization, RUR RUR License to useful model No 34818 10,000 - “Compensator” License to useful model No 35039 10,000 - “High-voltage” Data collection, initial processing 1,030,000 - and reprocessing program Reporting date: 31.12.2004 Group of intangible assets Historical (replacement) cost, Accumulated amortization, RUR RUR License to useful model No 34818 10,000 - “Compensator” License to useful model No 35039 10,000 - “High-voltage” Data collection, initial processing 1,030,000 - and reprocessing program Design trade mark of JSC FGC UES 246,000 12,300 License to useful model No 36065 130,000 - “Prod. com. device” Reporting date: 31.12.2005 Group of intangible assets Historical (replacement) cost, Accumulated amortization, RUR RUR License to useful model No 34818 10,000 - “Compensator” License to useful model No 35039 10,000 - “High-voltage” Data collection, initial processing 1,030,000 - and reprocessing program Design trade mark of JSC FGC UES 246,000 12,300 License to useful model No 36065 130,000 - “Prod. com. device” Computer program under application 520,000 130,000 No 2004610967, Contract No 15/04 Computer program “Calculation and 820,000 41,000 select of pairs of network devices Computer program under application 555,000 61,667 No 2004612623 Contract No 15/04 Computer program “Calculation of 825,000 41,250 short-circuit currents in network of permanent opt.” Computer program under application 7,145,000 198,472 No 2004610966 Contract No 361 Computer program “Program for 4,075,000 113,194 modeling and analysis of electric power systems” Reporting date: 31.12.2006 Group of intangible assets Historical (replacement) cost, Accumulated amortization, RUR RUR License to useful model No 34818 10,000 - “Compensator” License to useful model No 35039 10,000 - “High-voltage” Data collection, initial processing 1,030,000 - and reprocessing program Design trade mark of JSC FGC UES 246,000 12,300 License to useful model No 36065 130,000 - “Prod. com. device” Computer program under application 520,000 130,000 No 2004610967, Contract No 15/04 Computer program “Calculation and 820,000 41,000 select of pairs of network devices Computer program under application 555,000 61,667 No 2004612623 Contract No 15/04 Computer program “Calculation of 825,000 41,250 short-circuit currents in network of permanent opt.” Computer program under application 7,145,000 198,472 No 2004610966 Contract No 361 Computer program “Program for 4,075,000 113,194 modeling and analysis of electric power systems” IPK KSUPR Data base 603,275,253 10,054,588 IPK KSUPR Program complex 251,222,272 4,187,038 Motion picture “FGC. Hot-line 877,077 243,633 work” Program “Magnetic fields of tri- 148,395 24,732 phase self-inductor” Program “Electromagnetic 74,535 12,422 parameters of overhead circuit” Reporting date: 31.12.2007 Group of intangible assets Historical (replacement) cost, Accumulated amortization, RUR RUR License to useful model No 34818 10,000 - “Compensator” License to useful model No 35039 10,000 - “High-voltage” Data collection, initial processing and 1,030,000 - reprocessing program Design trade mark of JSC FGC UES 246,000 86,100

License to useful model No 36065 130,000 - “Prod. com. device” Computer program under application 520,000 476,666.52 No 2004610967, Contract No 15/04 Computer program “Calculation and 820,000 369,000.09 select of pairs of network devices Computer program under application 555,000 431,666.76 No 2004612623 Contract No 15/04 Computer program “Calculation of 825,000 371,250.0 short-circuit currents in network of permanent opt.” Computer program under application 7,145,000 4,961,805.5 No 2004610966 Contract No 361 Computer program “Program for 4,075,000 2,829,861.00 modeling and analysis of electric power systems” Motion picture “FGC. Hot-line 877,076.83 535,991.5 work” IPK KSUPR Data base 603,275,252.85 130,709,638.15 IPK KSUPR Program complex 251,222,272.43 54,431,492.31 Computer information-measuring s/s 155,158,315.41 - commercial accounting El.en. (AIIS KUE) Computer program “Complex 28,966,365.09 6,638,125.34 documentation management (ASUD) Intangible assets were not contributed into the Authorized capital and were not received without compensation. Accounting standards (rules) in accordance with which the Issuer presents information about its intangible assets: Russian accounting regulations. 5.4. Information about the policy and expenditures of the Issuer for scientific and technological development, licenses and patents, new developments and studies Information about the policy of the Issuer in scientific and technological development for 5 last completed financial years, including disclosure of R&D cost at the expense of the Issuer for each of the reporting periods: JSC FGC UES scientific and research activity is aimed at developing, establishing, developing, implementing within the UNEG of progressive and efficient technologies and equipment as well as developing of the respective normative and technical documentation for improving and reliable operations of the UNEG. The policy of JSC FGC UES in scientific and technological development, licenses and patents, new developments and studies was realized within the framework of conclusion and control over contracts on research and development work in the following directions and programs approved by the management of JSC FGC UES: 1. Integrated Program of developing and establishing of advanced technologies and equipment for the UNEG; 1.1. Program of developing electrical equipment systems and technologies for controlled alternating current transmission. 1.2. Program of developing electrical equipment systems on the basis of superconductor technologies; 1.3. Program of developing structural concept, equipment, systems and monitoring techniques for developing a new generation of power transmission lines and substations; 1.4. Program of improving of automated technological management and communication systems; 1.5. Program of developing and improving of methodological ware related to development of new technologies and equipment for the UNEG; 2. Integrated Program on perspective development, operative control and reliability improvement the UNEG; 2.1 Program of the UNEG electric network development; 2.2. Program of providing reliability and quality of power transmission services; 2.3. Program on loss reduction and energy quality improvement within the UNEG; 2.4. Program on development and improvement of operating dispatching management; 3. Integrated program on improvement of operation, technical maintenance and repair of UNEG facilities; 3.1. Program of current situation analysis and identifying bottlenecks within electric grids; 3.2. Program of developing new technologies, tooling and materials for the UNEG facilities operation, maintenance and repairing; 3.3. Program of developing and improving of methodological ware for the UNEG facilities operation, maintenance and repairing. Information about establishing of legal protection of intellectual property (including information about date of issue and validity periods of patents for invention, useful models, design patent, about the state registration of trade marks and service trademarks, origins of product), about main directions and results of the Issuer major intellectual property usage: As of the end of 6months of 2008 JSC FGC UES is copyright holder of the following patents and certificates: certificate of protection of the Russian Federation No 267439 dated 20.04.2004 for trade mark (service trademark) of JSC FGC UES. Trademark priority 30.10.2003. Registration is valid through 30.10.2013; patent of the Russian Federation No 35039 dated 20.12.2003 for useful model “High voltage disconnect”. Useful model priority 18.09.2003. Patent is valid through 18.09.2008; + Attachment dated 15.01.2008; patent of the Russian Federation No 34818 dated 10.12.2003 for useful model “Reactance compensator”. Useful model priority 28.08.2003. Patent is valid through 28.08.2013; + Attachment dated 15.01.2008; patent of the Russian Federation No 36065 dated 20.02.2004 for useful model “Device for longitudinal elimination of power transmission line parameters”. Useful model priority 04.12.2003. Patent is valid through 04.12.2013; + Attachment dated 15.01.2008; patent of the Russian Federation No 42706 dated 10.12.2004 for useful model “Spark arrester”. Useful model priority 31.08.2004. Patent is valid through 31.08.2014; + Attachment dated 15.01.2008; patent of the Russian Federation No 2231205 dated 20.06.2004 for invention “Voltage converter operation mode”. Invention priority 10.10.2002. Patent is valid through 10.10.2022; patent of the Russian Federation No 40530 dated 10.09.2004 for useful model “Bank of capacitors”. Useful model priority 20.05.2004. Patent is valid through 20.05.2014; + Attachment dated 15.01.2008; patent of the Russian Federation No 49072 dated 10.11.2005 for useful model “Tangent-suspension overhead transmission line support”. Useful model priority 07.06.2005. Patent is valid through 07.06.2015; + Attachment dated 15.01.2008; patent of the Russian Federation No 51447 dated 10.02.2006 for useful model “Device of flexible connection of asynchronous energy systems”. Useful model priority 30.09.2005. Patent is valid through 30.09.2015; + Attachment dated 15.01.2008; patent of the Russian Federation No 52254 dated 10.03.2006 for useful model “High voltage disconnect”. Useful model priority 13.09.2005. Patent is valid through 13.09.2015; + Attachment dated 15.01.2008; patent of the Russian Federation No 2275647 dated 27.04.2006 for invention “Malfunction diagnostic of porcelain high-voltage stick-pedestal insulator”. Useful model priority 02.07.2003. Patent is valid through 02.07.2023; patent of the Russian Federation No 52786 dated 27.04.2006 for useful model “Mobile workshop”. Useful model priority 23.11.2005. Patent is valid through 23.11.2015; patent of the Russian Federation No 55222 dated 27.07.2006 for useful model “Control device for condenser voltage regulator”. Useful model priority 26.02.2006. Patent is valid through 26.02.2016; + Attachment dated 15.01.2008; patent of the Russian Federation No 55223 dated 27.07.2006 for useful model “Reactive power compensating device”. Useful model priority 14.03.2006. Patent is valid through 14.03.2016;+ Attachment dated 15.01.2008; patent of the Russian Federation No 2280934 dated 27.07.2006 for useful model “Operation mode for reactive power compensating device”. Useful model priority 30.03.2005. Patent is valid through 30.03.2025; patent of the Russian Federation No 58221 dated 10.11.2006 for useful model “Acoustic-emission control device”. Useful model priority 31.05.2006. Patent is valid through 31.05.2016; patent of the Russian Federation No 58246 dated 10.11.2006 for useful model “Optical control device for high-voltage switchboard”. Useful model priority 31.05.2006. Patent is valid through 31.05.2016; patent of the Russian Federation No 58258 dated 10.11.2006 for useful model “Damping resistor for high-voltage disconnect”. Useful model priority 31.05.2006. Patent is valid through 31.05.2016; patent of the Russian Federation No 59651 dated 27.12.2006 for useful model “Foundation base”. Useful model priority 03.08.2006. Patent is valid through 03.08.2016; patent of the Russian Federation No 62753 dated 27.04.2007 for useful model “Control section for initiation of asynchronized electrical machine”. Useful model priority 29.11.2006. Patent is valid through 29.11.2016; patent of the Russian Federation No 2316867 dated 10.02.2008 for innovation “Combined unit for glaze- clear ice melting and reactive power compensation”. Useful model priority11.08.2006. Patent is valid through 11.08.2026; certificate of official registration of the Russian Federation No 2003612552 dated 21.11.2003 of computer program “Bundled software for data collecting, initial processing and transfer (PKS PoiPI)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2004611546 dated 24.06.2004 of computer program “Bundled type system software for local and centralized anti-crash control device (KTSPO)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 00462081 dated 10.09.2004 of computer program “Bundled software for calculations of cable protection efficiency of overhead transmission lines and lumped facilities of electric power industry from direct stroke ((Uni_light))”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2004611547 dated 24.06.2004 of computer program “Information and analytical system for assessment of technical and operation condition of electrical network equipment (JSC FGC UES level) (IAS FGC)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2004612493 dated 11.11.2004 of computer program “Calculation and selection of protection devices operation parameters in DC mains”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2005610072 dated 11.01.2005 of computer program “Calculation of short-circuit currents in DC control power mains”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2005610081 dated 21.11.2005 of computer program “Power grids simulator and analysis program”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2005610442 dated 16.02.2005 of computer program “Information analysis system for assessment of condition and terms of operation of power grids facilities (JSC FGC UES branch level (PMES)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2005612967 dated 14.11.2005 of computer program “Acoustical data transfer unit (LogoTransfer 1.0)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2005612968 dated 14.11.2005 of computer program “Acoustical data transfer unit (LogoWork 1.0)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2006610607 dated 13.02.2006 of computer program “Special software for type program-technical complex for testing digital devices of relay protection and anti-crash automated devices of power grids”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2006612987 dated 21.08.2006 of computer program “FGC UES business applications integration (IBP FGC UES)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2006613617 dated 18.10.2006 of computer program “Automated document flow system of JSC FGC UES (ASUD FGC UES)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2006614272 dated 13.12.2006 of computer program “Bundled software InfoBasis (PK InfoBasis)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2006614273 dated 13.12.2006 of computer program “Bundled software InfoAdmin (PK InfoAdmin)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007611959 dated 15.05.2007 of computer program “Automated accounting and reporting system PMES MES of North-West of JSC FGC UES based on mySAP Business Suite (ASU TPR-extension)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007611960 dated 15.05.2007 of computer program “Storage and display system of normative and reference information SPK KISU JSC FGC UES (SOI SPK)”. Period of validity - during lifetime + 70 years from the last author death date certificate of official registration of the Russian Federation No 2007611961 dated 15.05.2007 of computer program “Automated accounting and reporting system Directorate MES of JSC FGC UES based on mySAP Business Suite (ASU TPR-Coverage)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007611962 dated 15.05.2007 of computer program “Automated accounting and reporting system PMES MES of JSC FGC UES based on mySAP Business Suite (ASU TPR)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007612076 dated 22.05.2007 of computer program “Automated planning, budgeting and analytical reporting system of Central Directorate and Directorates of MES of JSC FGC (ASPB)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007612077 dated 22.05.2007 of computer program “Automated management system Salary (ASU Salary)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007612078 dated 22.05.2007 of computer program “Corporate information management system Personnel (KISU Personnel)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007612432 dated 08.06.2007 of computer program “Bundled software “Routine switching adviser” (PK ESPER)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007612433 dated 08.06.2007 of computer program “Automated analytical reporting system on document flow statistics of JSC FGC UES (AS ASUD-C)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007612434 dated 08.06.2007 of computer program “Bundled software “Automated analytical reporting system” (PK KAS)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614193 dated 03.10.2007 of computer program “Software tool “Build-up reports for registration of acceptance/transfer of backbone electric grid assets” (PS ESI). Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614207 dated 03.10.2007 of computer program “Corporate information management system “Personnel - Development” (“KISU Personnel - Development”). Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614206 dated 03.10.2007 of computer program “Corporate information management system for technical maintenance and repair of equipment based on mySAP Business Suite” (ASU TOiR)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614215 dated 03.10.2007 of computer program “Automated control and data analysis system” (ASKiA)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614216 dated 03.10.2007 of computer program “Software tool “Control and matching of asset registers” (PS KSPI)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614265 dated 08.10.2007 of computer program “Corporate information system “Budget/Extension” based on mySAP Business Suite” (KISU “Budget/Extension”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614266 dated 08.10.2007 of computer program “Centralized system for regular internal reporting for lower BU SETI” (BU SETI Reporting)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614267 dated 08.10.2007 of computer program “Technological database of electric grid facilities of FGC” (TBD ESI)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614264 dated 08.10.2007 of computer program “Corporate management system for spatially distributed resources with graphing, measuring and controlling of spatial-technical conditions of overhead transmission lines” (KSUPR+)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615105 dated 12.12.2007 of computer program “Software product “Automated system for connection application conditioning based on mySAP Business Suite” (PP “Application conditioning”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615106 dated 12.12.2007 of computer program “Software product “FGC client connection process management” (PP “Client connection process management”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615107 dated 12.12.2007 of computer program “Software module “Electrical circuitry” BDTS” (PM “Electrical circuitry” BDTS”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615108 dated 12.12.2007 of computer program “Software module “UNEG grids” (PM “UNEG grids”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615117 dated 12.12.2007 of computer program “Information system “KPI - Motivation” (IS “KPI - Motivation”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615118 dated 12.12.2007 of computer program “Automated business process management system for preparing reference data” (“ASUBP- NSI”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615119 dated 12.12.2007 of computer program “Software module “Personnel competences assessment questionnaire survey” (PM “Questionnaire survey”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615120 dated 12.12.2007 of computer program “Automated system of analytical reporting for central administration and MES-Center access to PMES supporting accounting information, consolidation of accounting and tax accounting date on the basis of supporting information from DB “1S” (PK “KISU – Analytics-2”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007614357 dated 12.10.2007 of computer program “Technological information system of Mode Service “FSKNetExpense” (TIS CP “FSKNetExpense”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615228 dated 26.12.2007 of computer program “Integration module of Automated planning and budgeting system based on SAP BW-SEM-BPS with Automated accounting and reporting system based on mySAP Business Suite (Integration ASPB and ASUiO)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615229 dated 26.12.2007 of computer program “Software product “Unified automated statistic and information data base for the process of technological connection to the UNEG and distribution network” (PP “DB Forecast and statistics of technological connections”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615230 dated 26.12.2007 of computer program “Automated system of measuring data collecting through mobile automated work station (AS SDI)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615231 dated 26.12.2007 of computer program “Standard decision: branches salary calculation (TR “RZPF”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615267 dated 27.12.2007 of computer program “Automated management system for settlements with customers based on mySAP Business Suite (ASURP)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2007615268 dated 27.12.2007 of computer program “1st stage of program complex “Automated analytical reporting system” (PK “KISU- Analytics”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2008620199 dated 13.05.2008 of computer program “Database for 220 kV transmission lines and JSCFGC UES electric grids” (DB “KSUPR220”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2008612955 dated 18.06.2008 of computer program “System of preparing designing estimates “PSD Electronic archive” (“EA PSD”)”. Period of validity - during lifetime + 70 years from the last author death date; certificate of official registration of the Russian Federation No 2008612956 dated 18.06.2008 of computer program “System of preparing designing estimates “PSD Electronic register” (“EV PSD”)”. Period of validity - during lifetime + 70 years from the last author death date; Thus, as of the end of 6 month of 2008 JSC FGC UES is the copyright holder for trademark of JSC FGC UES, 16 useful model patents, 4 invention patents and 52 computer program certificates Risks related to expiration of patents and certificates for intellectual property are minimal. Main directions and utilization results of major JSC FGC UES intellectual property items are: In respect of the program: FGC UES business applications integration (IBP FGC UES) Automated information delivery between FGC UES organizations and entities including financial information transferred for the purpose of reporting. The program ensures: • completeness, integrity and guaranteed delivery of information transferred between JSC FGC UES organizations and entities; significant increase of delivery automation level, reduction of related labor cost; controllability of information delivery process; complete audit and control over data transfer process; • establishment of a unified transfer system providing for data transfer between various information systems utilized by the company irrespective of their software and technical realization. In respect of the program: Automated document flow system of JSC FGC UES (ASUD FGC UES). The program is designed for comprehensive automation of functions of documentation management in respect of administrative information and in particular processes of establishing, agreeing, approving, registering, storing and delivering of administrative documents as well as control over fulfillment of related resolutions and instructions. In this case the following documents are considered as administrative documents: incoming, outgoing, internal order and informational and reference documents. The program use results in reduction of paper document flow and automation of document support. Functionalities: • processing of incoming and outgoing correspondence; registration of organizational and distributive documents; registration of orders, applications, instructions; registration of meeting protocols; electronic archive keeping; control over instructions compliance; • - search for documents. In respect of the program: Bundled software InfoBasis (PK InfoBasis). Bundled software is designed for using as database providing for informational materials and documents operative search, display, editing and printout. The program enables: • download files of any format into the database via proper interface; • classify documents using two parameters: type of documentation and type of equipment to which documentation belongs to. The program provides for: • completeness, integrity and guaranteed input/output of information from the database; • significant increase of information search automation level, reduction of related labor cost. Bundled software has its proper databank and provides for reference information download, search and display. The program has intuitive interface. In respect of the program: Bundled software InfoAdmin (PK InfoAdmin). Bundled software is designed for being used by system administrators as database providing for informational materials and documents operative search, display, editing and printout. The program enables: • download files of any format into the database via proper interface; • classify documents using two parameters: type of documentation and type of equipment to which documentation belongs to. The program provides for: • completeness, integrity and guaranteed input/output of information from the database; significant increase of information search automation level, reduction of related labor cost. • operational decision of problems related to system operation. Bundled software has its proper databank and provides for reference information download, search and display. The program has intuitive interface. In respect of the program: Automated accounting and reporting system of JSC FGC UES branches based on mySAP Business Suite (ASU-TPR-Circulation). The system enables: • preparation of complete and reliable accounting information about production and financial activity providing for data usage by all authorized subdivisions (branches) of JSC FGC UES; registration and processing of documents and economic transactions related to accounting and tax accounting; information centralization in format suitable for detailed and comprehensive analysis of economic and business activity; • providing entity management with modern software tools for analysis. In respect of the program: Automated accounting and reporting system PMES MES of North-West of JSC FGC UES based on mySAP Business Suite (ASU TPR-extension). The System enables: • preparation of complete and reliable accounting information about production and financial activity providing for data usage by all PMES MES of North-West of JSC FGC UES; registration and processing of documents and economic transactions related to accounting and tax accounting; information centralization in format suitable for detailed and comprehensive analysis of economic and business activity; • providing entity management with modern software tools for analysis. In respect of the program: Automated accounting and reporting system Directorate MES of JSC FGC UES based on mySAP Business Suite (ASU TPR). The system enables: • preparation of complete and reliable accounting information about production and financial activity providing for using data of Directorate MES of JSC FGC UES; registration and processing of documents and economic transactions related to accounting and tax accounting; information centralization in format suitable for detailed and comprehensive analysis of economic and business activity; • providing entity management with modern software tools for analysis. In respect of the program: Storage and display system of normative and reference information SPK KISU JSC FGC UES (SOI SPK). The program is designed for database management providing for informational materials and documents operative search, display, editing and printout. SOI SPK has native data bank and enables informational materials and documents download, search and display. SOI SPK enables download files of any format into the database via proper interface. The program enables to classify documents using two parameters: type of documentation and type of equipment to which documentation belongs to. The program has intuitive user interface. SOI SPK provides for: • completeness, integrity and guaranteed input/output of information from the database; • significant increase of information search automation level, reduction of related labor cost. In respect of the program: Bundled software “Routine switching adviser” (PK ESPER). The program is designed to assist dispatcher from JSC FGC UES Dispatcher service in planning and executing switches ay the Company’s substations. Bundled software provides for: • database management for substations circuit design and system of formalized rules for routine switching; job entry for switching at substations; operation entry (under control) for switching at substations both in primary circuits and in protective relaying circuits; • control over operation fulfillment during job runtime. Bundled software comprises switch planning simulator system designed for behavior pattern setting for routine switching in electric grids. In respect of the program: Automated planning, budgeting and analytical reporting system of Central Directorate and Directorates of MES of JSC FGC (ASPB). Purpose: • automation of the Company activity management process, of its structural subdivisions via planning, control and analysis of financial and economic indicators (income, expenses, revenue, out payments, investments); • budgeting automation (generation, consolidation, adjustment and reallocation, confirmation, follow-up) and provision of flexible tools to analyze budget implementation within interconnect information space. Functionality: • data structures established for downloading target budget numbers and help systems in business databank (SAP-BW); target data input formats are tailored; interfaces are designed to download data from ARM MES into System SAP-BW, target data for MES is downloaded; summary report forms for Executive administration are created; manual entry of balance registers are enables; • personified profiles of user privileges are supported. In respect of the program: Corporate information management system Personnel (KISU Personnel). Within KISU Personnel software the following major processes are realized: • enabling for planning and management of multiple versions of organizational structures and official rankings; structural subdivision and personnel planning indicating number of required job positions, employment periods, work station descriptions, grades, duty positions, maintenance of professions and job positions help system (OKPDTR and etc.); planning for organizational changes including modeling of organizational structural and job positions ranking; personnel arrangements maintenance; planning and controlling of labor cost budget; • records of employees personal data: maintaining addresses, employment history, education, qualifications, awards, military registration, medical insurance data. The system provides for: • unified database for personal and housekeeping data in accordance with the new Labor Code of the Russian Federation and the Company’s internal standards; input data uniqueness check, extracting information for employees through enquiries, storing of various text and graphical information (photos, personnel record questionnaires, certificates and other documents related to personnel); differentiation of access levels and access rights to functions and data in accordance with business- processes requirement. In respect of the program: Automated management system Salary (ASU Salary). Software ASU “Salary” has the following functionalities: • unified database for all payment types in accordance with the RF legislation and the Company’s internal standards; input data uniqueness check, extracting information by types of payment and type absence through enquiries, storing of various text information; • differentiation of access levels and access rights to functions and data in accordance with business-processes requirement. The system provides for: • improvement of quality of information support for operative decision-making; increase information awareness of middle managers; • cost reduction for salary computation process. In respect of the program: Automated analytical reporting system (PK “KAS”). The program is used as normalized typical provider of actual information of specialized databases; for automation of data origination processes in the form of regulated and non-regulated (unspecified) reports satisfying user’s information needs in data analysis. PK “KAS” ensures: • common user interface enabling its customization in accordance with a specific user rights; easy report design in terms of application environment via semantic layers (universes) to develop data source query; setting up and updating of certain scheduled reports; • different ways of report exchange between users: using the unified document repository as well as internal mail. In respect of the program: Automated analytical reporting system on document flow statistics of JSC FGC UES (AS ASUD-C). The Program is designed for generating analytical report on document flow statistics. The program ensures: • retrieval of required operative and strategic reports on analysis of JSC FGC UES document flow statistics; access to statistic data for ASUD document flow system broken down by a company organizational structure, document type, document condition, control blocks, etc. providing tools for OLAP functions (refinement, integration, tumbling, aggregation) for analytical tasks; • possibility of unrestricted ad hoc queries (generated as needed when working with the system) without IT-specialists. In respect of the program: Corporate information management system for technical maintenance and repair of equipment based on mySAP Business Suite (ASU TOiR) The program provides for: • Development and maintenance of budget qualifiers (financial responsibilities centers, activity budgets, cost initiation centers (MVZ), procedural nomenclature for technical maintenance and repair of equipment (TOiR), projects and target programs, etc.; Production and technical planning and equipment technical maintenance and repair management: Generating cost initiation centers structures, TOiR subjects, types of works, service suppliers; Operation and organization of TOiR; Accounting for technical maintenance and repair of equipment; Resource management; TOiR history records; • Generating reports (plans, budgets, reporting) in accordance with JSC FGC UES Budgeting department methodology. In respect of the program: Centralized system for regular internal reporting for lower BU SETI (BU SETI Reporting) The program provides for: • reissuing the right of permanent (unlimited) use of plots of land; information and analytical results of working with non-core assets; interaction with accredited agents on disposal of non-core assets; information about composition of real assets; information about progress of work on technical stock counting and registration of real assets; list of housing and social assets under federal ownership which are operated by JSC FGC UES; list of housing and social assets owned by JSC FGC UES; information about progress of JSC FGC UES land tenure work; register of non-financial capital; information about creditors activity and/ or occurrence of negative events; • transaction report format. In respect of the program: “Build-up reports for registration of acceptance/transfer of backbone electric grid assets” (PS ESI) The program provides for: • lease contracts, attachments to a contract with list of real assets, acts of acceptance/ transfer; sub-lease contracts, attachments to a contract with list of real assets, acts of acceptance/ transfer; “last mile” sub-lease contracts sub-lease, attachments to a contract with list of real assets, acts of acceptance/ transfer; additional lease contracts, attachments to a contract with list of real assets, acts of acceptance/ transfer; • additional sub-lease contracts, attachments to a contract with list of real assets, acts of acceptance/ transfer. Generating reports within the frameworks of: • additional “last mile” sub-lease contracts, attachments to a contract with list of real assets, acts of acceptance/ transfer; • additional agreements on specifying items in attachments to contracts with list of real assets. In respect of the program: “Control and matching of asset registers (PS KSPI)” The program provides for: • maintenance of opening balance options; control over opening balance options; maintenance of opening balance loading journal; • displaying of opening balance within hierarchical arrangement broken down by entities. Report generating: • reports on fixed assets and construction in progress list discrepancies identified, wrong assets references; report on technological database archive; information about changes in fixed assets accounting; consolidated act of asset acceptance-transfer; reference information for accounting and tax accounting purposes; acts of acceptance-transfer of titles for construction in progress, inventory items, equipment for installation; compliance report of fixed assets composition and opening balance; last mile assets register that were incorrectly presented in upper step; • unified formats. In respect of the program: Corporate management system for spatially distributed resources with graphing, measuring and controlling of spatial-technical conditions of overhead transmission lines” (KSUPR+) Program KSUPR+ includes program modules enhancing functionalities of automated work stations (ARM) of JSC FGC UES Corporate management system for spatially distributed resources in terms of control over spatial and technical condition of overhead transmission lines as well as in terms of calculating tasks and forecast simulating of spatial and technical condition of overhead transmission line infrastructure. Automated work stations functionalities enhancement provides for the following main results: • three-dimensional data handling (vector, matrix, bit-mapped); working with templates resulted from processing; and input data (laser scanning points, bitmap images), as well as their comparing and matching; distance, surface, volume etc. measurements; dynamism of various modeling (profiles, cross-sections, plans, etc.); operational control over spatial-technical condition of overhead transmission lines without compulsory front-end laser scanning data processing; • simulation of spatially developing processes (natural phenomena, position changes of overhead transmission line elements due to condition of overhead transmission lines). In respect of the program: “Corporate information management system Personnel” (KISU “Personnel”). In addition to functionality of Corporate information management system Personnel (KISU Personnel) the program supports: In the area of personnel development: • generating directory of staff functional qualifications, competencies, skills based on competence model developed in JSC FGC UES; as well as requirements for qualifications, knowledge, skills and experience defined for JSC FGC UES job positions; maintaining JSC FGC UES job descriptions and requirements/ competencies profiles and staff qualifications using analytical toolkit; generating development plan directory including employee career development plans; • defining of certification procedure forms and systems (for employees and job positions); In the area of personnel training: • training needs identification; training process planning and budgeting; • training process administering. In respect of the program: Corporate information system “Budget/Extension” based on mySAP Business Suite” (KISU “Budget/Extension) The program is designed for: • automation of planning, budgeting processes, tariff calculating and changing of JSC FGC UES organization structure within the System; automation of conclusive data collecting and generating reports for JSC FGC UES tariff calculating; • converting business-logic of actual accounting data to generate planned against actual data analysis within the Automated system for planning, budgeting, analytical reporting of the Central directorate and MES Departments of JSC FGC UES (ASPB). In respect of the program: Technological database of electric grid facilities of FGC (TBD ESI) The program provides for: • working with data on plots of land; handling rights and registration; preparing of JSC FGC UES annual report in part of asset management; downloading of the Unified national electric grid (UNEG) Register; • downloading in SAP R31. In respect of the program: Technological information system of Mode Service “FSKNetExpense” (TIS FSKNetExpense) The program provides for: • increased efficiency of operation activity control over actual calculations and analysis of electric power supply and output by executive directorate of JSC FGC UES; increased reliability and accuracy in determining line losses; collecting reliable structured reporting data about electric power flows between all divisions and counteragents of JSC F GC UES; calculating of electric power supply and output volumes; • generating of reporting data. The program has intuitive interface. In respect of the program: Software module “Questionnaire survey to evaluate employees competencies” (PM “Questionnaire survey”) The program is designed for: Automation of data collecting process and generation of analytical reporting under “360 degree Evaluation” methodology based on survey data submitted by respondents from JSC FGC UES branches employees. The bundled software provides for: • input of valuable employees list; print out of questionnaire to be filled by respondents “360 degrees Questionnaire”; input of questionnaire survey results; generation of analytical reporting under valuation computation algorithm; generation of analytical report “360 degree Evaluation”; collecting, control and consolidation of data received from branches; • database creation and generating of aggregated analytical reports on employees competencies. In respect of the program: Automated system of analytical reporting for central administration and MES- Center access to PMES supporting accounting information, consolidation of accounting and tax accounting date on the basis of supporting information from DB “1S” (PK “KISU – Analytics-2”) The program provides for: • automated display data loading in accordance with approved schedule; single interface adjustable in accordance with user rights; developing reports in terms of user’s application environment; ability to aggregate data on various ranking levels; ability to aggregate data on various rankings; ability to prioritize, sort and filter by measuring data and indicators; ability to generate reports with various data aggregation levels; availability of standard functions set to generate, print out and store report; • availability of metadata body to isolate users from complicated database schemes. In respect of the program: “Software product “Automated system for connection application conditioning based on mySAP Business Suite” (PP “Application conditioning”). Functionality: • generating and approving of application for connecting to the Unified national electric grid; generating reporting documentation; • delimitating functions, data and reports access levels and rights in accordance with business- process requirements. The program provides for: • compliance with the procedure and time intervals of application transition for connecting to the Unified national electric grid through approval stages; control over data completeness in application for connection to the Unified national electric grid; • building awareness of middle and high management. In respect of the program: “Software product “FGC client connection process management” (PP “Client connection process management”). Functionality: • monitoring of JSC FGC UES client connection process to networks of the Unified national electric grid; generating of statistical, management and economic reporting; • delimitating functions, data and reports access levels and rights in accordance with business- process requirements. The system provides for: • control over JSC FGC UES client connection to e network of the Unified national electric grid; monitoring for performance time at all stages of JSC FGC UES client connecting to the Unified national electric grid; • building awareness of middle and high management. In respect of the program: “Electrical circuitry” BDTS” (PM “Electrical circuitry” BDTS”). The program constitutes a part of the Database of technical condition of main electric equipment of JSC FGC UES (BDTS) and realizes graphic user interfaces with operation graphics elements: • means of graphical displaying of diagrams of power systems and facilities of the Unified national electric grid (UNEG) and results of analytical requests on technical conditions; • transition of graphic displaying of JSC FGC UES power systems diagrams with marked facilities of the UNEG taken under operation and repair services to displaying of their BDTS attributive data. In respect of the program: Program module “UNEG networks” (PM UNEG networks”) The program constitutes a part of the Database of technical condition of main electric equipment of JSC FGC UES (BDTS) and realizes work with data on main electric grid facilities related to the Unified national electric grid (UNEG). In addition to supplementing BDTS data structure enabling operations with the UNEG facilities data, the program has the following functionality: • request and report generating tools enabling input and analysis of data on JSC FGC UES network facilities and the UNEG; administering tools enabling users change BDTS access passwords independently; • synchronizing (replicating) tools for data entered in stand-alone unit with BDTS central unit. In respect of the program: Information system “KPI – Motivation” (IS “KPI – Motivation”) Purpose: Data processing in accordance with efficiency indicators of JSC FGC UES division, data verification on division management level. Establishing bonus fund based on the results of key performance indicators (KPI) achievement with further bonus allocation to employees from work stations of Executive Directorate divisions management. Functionality: • supporting directory of the Company branches indicators; collecting branches indicators; KPI computation and verification on the Company management level; bonus funds computation; computation of bonus component within KPI remuneration; • supporting bonus allocation and approval process. Operations are processed via specialized application integrated into the company portal. In respect of the program: “1st stage of program complex “Automated analytical reporting system” (PK “KISU-Analytics”) The program is designed for executive directorate access to accounting supporting documents. The program has its home database filled in automatically from data sources (1C databases) using IBM Data Stage data integration tools. The program provides for: • automated display data loading in accordance with approved schedule; single interface adjustable in accordance with user rights; simplicity in report generating in terms of user application environment through use of semantic layers for generating requests; • opening and updating of scheduled reports. In respect of the program: Automated management system for settlements with customers based on mySAP Business Suite (ASURP) The program designed for: • computation of volumes of planned power transmission services by JSC FGC UES and invoicing; • computation of volumes of actual power transmission services by JSC FGC UES and invoicing; The program functionality: • calculating planned cost of services (invoicing) on electric power transmission for next planned period (year, quarter, month) structured by contracts, counteragents, the Russian Federation subjects; calculating actual cost of services (invoicing) on electric power transmission for next planned period (year, quarter, month) structured by contracts, counteragents, the Russian Federation subjects; preparing data for accounting system to generate VAT-invoices for electric power transmission services. standard electric power losses accounting; • electric power flows accounting. In respect of the program: Software product “Unified automated statistic and information data base for the process of technological connection to the UNEG and distribution network” (PP “DB Forecast and statistics of technological connections”) The program has the following functionality realized: • collecting/ reconciling of information on connections to the Unified national electric grid; controlling and approving of information on connections to the Unified national electric grid; • differentiation of access levels and access rights to functions and data in accordance with business-processes requirement. The program provides for: • automated data input and control on technological connections via remote access; possibility to load data using standard forms; • building awareness of middle and high management. In respect of the program: Integration module of Automated planning and budgeting system based on SAP BW-SEM-BPS with Automated accounting and reporting system based on mySAP Business Suite (Integration ASPB and ASUiO). Purpose of the program: • loading data on budget execution from the Automated accounting and reporting system into the Automated planning and budgeting system in the format given; • supporting format adaptivity of data transferred ay User level. In respect of the program: Standard decision: branches salary calculation (TR RZPF) The program is designed for realization within the unified scheme of payment modes computation in the Company branches and enables: • assign payments in accordance with provisions on compensations in the Company; provide for computation of payments under various algorithms reflecting specific features of payment procedure in the Company’s branches; depending on employees’ payment procedure; calculate average tax rates (for sick leaves, vacations, business trips, etc.), generate reporting forms in accordance with the legislation of the Russian Federation; calculate intermediary payments in the company branches (wage advances, vacation bonus, final payments, etc.); generate electronic pay-roll registers in accordance with data formats of banks working with the Company branches; ensure integration with financial systems in the Company branches; present data in requested electronic format for submission to tax authorities, pension fund; • generate reporting for submission to statistics authorities. The program provides for generating forms of analytical reporting broken down by organizational units of the Company (by employees category, types of payment) and by monthly, quarter labor compensation fund. In respect of the program: Automated system of measuring data collecting through mobile automated work station (AS SDI). The program is used for manual data collection from JSC FGC UES substations using industry pocket PC and mobile network connection in GSM format. The program enables: • enter measurement data manually or automatically (via IR port); save data in pocket PC; • transmit data via GSM-network in SMS format. In respect of the program: System of preparing designing estimates “PSD Electronic archive” (EA PSD). Purpose of the program: Automated loading to JSC FGC UES designing estimates e-archive of e-versions of designing estimates received from designing organizations under unified guideline based on unified procedure and data formats. Functionality: • registration and accounting for main objects of records management; structure and content developing and modifying within batching-up system electronic catalogue; enabling import and export of e-versions of designing estimates and set of documents; provision of access under given terms and document processing in multiuse mode with access delimitation; generating reports based on data from batching-up system; display, processing and printing of electronic registration cards and their sets; configuration management of batching-up system of JSC FGC UES documents electronic archive in the Central Directorate; • providing for data integrity and relevance. In respect of the program: System of preparing designing estimates “PSD Electronic register (EV PSD) Purpose of the program: Automated procedures for preparation and maintenance of electronic versions of designing estimates by JSC FGC UES designing organizations with further transfer of designing estimates to the Company Central archive. Functionality: • documents (document directory) loading from file directories in automated and document-by- document mode or document scanning with access to section sheet; registration and accounting for document sets organized in volumes, books and sections; establishing and modifying multilevel structure as section hierarchical tree representing lines, projects, project sections and separate documents; enabling document editing using specialized applications integrated into operating environment; generating register of electronic set of PSD for each established media and saving the register into a file; printing out register of electronic set of PSD, extended accounting cards (passports) of documents, set of documents, projects, designing and constructing subjects; • export and import of PSD electronic version sets. In respect of the program: Automated asset management system in the executive administration and branches of JSC FG UES (ASU-Assets) The software system comprises four software products as program modules: PP “Accounting and stock counting of assets and liabilities of JSC FGC UES, MSKs and MMSKs” (“Accounting and stock counting of assets”); PP “Realization of activities to merge in MSKs and MMSKs into JSC FGC UES (“MSKs’ Merge-in”); PP “Technologic data base (TBD) of electric grid facilities of JSC FGC UES” (“TBD ESI FSK/MSK”); PP “JSC FGC UES asset management” (“Asset management”). The system provides for: • maintaining asset register (immovable and movable assets, long-term financial investments, intangible assets, construction in progress; generating register of the rights for capital assets, plots of land, intangible assets; preparation and maintenance of land development and marking register, land cadastral accounting; electronic archive of asset documentation; maintenance of asset contracts register; non-financial and financial capital flows monitoring; integration with the register of the Unified national electric grid (UNEG); integration with accounting (including fixed assets accounting); • integration with Corporate information management system for technical maintenance and repair of equipment based on mySAP Business Suite (ASU TOiR). Information on cost of scientific research and development of JSC FGC UES financed by own means (RUR million, VAT inclusive) 2003 2004 2005 2006 2007 Total Scientific and technical 0.00 57.25 61.66 0.00 0.00 118.91 documentation developing

Research and 30.57 163.56 272.30 71.24 22.70 560.37 development costs Acquisition of 0.00 90.13 182.00 788.37 1,593.52 2,654.02 intangible asset Total: 30.57 310.94 515.96 859.61 1,616.22 3,333.30

Risk factors related to potential expiration of the Issuer major patents and licenses for trademarks: Risks related to expiration of patents and certificates for intellectual property are minimal. 5.5. Analysis of trends in core activity of the Issuer Major trends in the Issuer industry development for 5 last complete financial years and also main factors impacting the industry situation: Historically, electric power industry is extremely significance for the Russian economy as a component of fuel and energy complex; the industry adjusts development of all activities and is an indicator of economic stability in the country. At the present stage the main feature of electric power industry development is turning point of negative trends in energy consumption in conditions prevailing in 1990-s and a developed upward trend of electric power demand. Energy consumption increase aligned with industrial production growth allows suggesting the trend stability and consequently, for the necessity to satisfy growing demand to provide for economic development of the country. Industrial production growth was accompanied by increasing of financial solvency of companies – electric and heat energy consumers that enabled to solve the problem of non-payments in electric power industry. From 2000 till 2002 payments for current power consumption amounted to 100%, and previously accumulated amounts payable to electric power suppliers were repaid or rescheduled. Economic growth together with structural changes accompanying such growth issues new challenge for electric power industry. At a new stage electric power industry should play a role of infrastructure that is able to support creating of new production capacity or increasing of existing capacities where it is provided for by production logics. This objective will require accelerated development of network and technological structure of electric power industry and increasing of its flexibility. Resolution of the Government of the Russian Federation dated 11.07.2001 No 526 “On restructuring if electric power industry of the Russian Federation” can be considered as the starting point of reform processes within electric power industry in Russia. Legal framework for restructuring was determined by Federal Laws of the Russian Federation adopted in the first quarter of 2003. In accordance with JSC RAO UES of Russia Strategy Concept for 2005 – 2008 “5+5”, main objectives of electric power industry restructuring are increasing of electric power industry companies efficiency and establishing conditions for the industry development based on investments. In this regard main objectives of restructuring are as follows: • splitting of the industry into natural monopoly (mainly power transmission and distribution, and dispatching) and competitive (power generation and sale) types of activities; establishing of efficient market relations in competitive types of activity; ensuring of non-discriminative access to natural monopoly services; • efficient fair state regulation of natural monopolies motivating cost saving and providing for natural monopolies investment attractiveness. During 2002 -2004 major trends of the industry development were as follows: • establishing of infrastructural organizations of the wholesale market: the System Operator – JSC SO-CDU UES, the organization for managing the UNEG – JSC FGC UES, the Administrator of the trading system – NP ATS; preparation and initiation of AO-energos restructuring process – establishing of generating, sales, network (distribution and backbone) companies; • commencement of operations of free sector of wholesale trade of electric power “5-15”. JSC FGC UES participates in all the above mentioned processes of the industry restructuring, was virtually one of the first organizations established in pursuance of the resolution of the Government of the Russian Federation dated 11 July 2001 No 526 “On restructuring of electric power industry of the Russian Federation” and the Federal Law of the Russian Federation dated 26 March 2003 No 35-FZ “On electric power industry”. In pursuance of Article 4 of the Federal Law dated 26.03.2003 No 36 FZ “On specific nature of electric power industry operation in transition period…” and in accordance with the scheme of consolidation of the unified national electric network assets of AO-energos, approved by the Board of Directors of JSC RAO UES of Russia (Minutes dated 25.02.2005 No 188), owned by JSC RAO UES of Russia shares of backbone grid companies (MSKs) established in the result of reorganization of AO-energos were transferred to the Authorized capital of JSC FGC UES. There were 56 backbone grid companies established in the process of forming backbone grid companies (MSKs) based on network assets separated from AO-energos. Since 2006, in accordance with the decision of the Board of Directors of JSC RAO UES of Russia, assets of the unified national electric network were transferred to be used by JSC FGC UES. Thereby backbone grids were consolidated in JSC FGC UES. In accordance with the decision of the Board of Directors of JSC RAO UES of Russia (Minutes dated 02.03.2007 No 245) approved the scheme of final restructuring of JSC RAO UES of Russia, the scheme for the UNEG consolidation envisaging merging of MSKs and MMSKs directly into JSC FGC UES skipping transitional stage of merging MSKs into MMKS, had been modified. On 01.07.2008 backbone grid companies, JSC RAO UES of Russia, JSC State Holding, JSC Minority Holding FGC UES were merged into JSC FGC UES. Entries were made to the Unified state register of legal entities about discontinuation of activities of legal entities - 54 backbone grid companies, 7 interregional backbone grid companies, JSC RAO UES of Russia, JSC State Holding, JSC Minority Holding FGC UES. As of July 1, 2008 JSC ROA UES of Russia restructuring had been completed. JSC ROA UES of Russia ceased to be a legal entity. JSC FGC UES is the legal successor of JSC RAO UES of Russia. General assessment of the Issuer performance in the industry: In accordance with the Issuer assessment, operating results are positive. In 2006 JSC RAO UES of Russia and JSC FGC UES jointly run the electric grid facilities complex of the Holding. Operation of electric grids with total length of 2,476.8 ths km was ensured, including 122.2 ths km of backbone electric grids (47.1 ths km of grids operated by JSC FGC UES and 75.1 ths km of electric grids operated by MSKs) as well as transformer substations of all voltage classes with total capacity of 562,766.76 MVA. In 2006 actual net supply of electric power from the UNEG to distribution network companies, to direct power consumers of the wholesale energy market and to not restructured AO-energos amounted 433,531.2 mln kWh. At the year-end of 2006 reduction of electric power dissipation was achieved in networks of all voltage classes. At the year-end of 2006 energy losses in networks beneficially owned by JSC FGC UES are reduced by 0.04 per cent (from 3.75% to 3.71% for grid output). Installation of advanced meters and organization of efficient metering, reconciliation and calculation of power losses contributed to reducing power losses within network of Federal Grid Company. In 2006 JSC FGC UES accepted automated power supply monitoring and control system in pilot production in grids with voltage of 330 kV and above. By 2010 automated information and metering system of commercial monitoring and control (AIS KUE) of the Unified national (all-Russia) electric grid (UNEG). Generally for distribution network complex actual losses amounted 8.69% (10.02% in 2005) that speaks for effectiveness of actions undertaken. In the course of providing technological connection to backbone grids, contracts concluded with counterparties including companies of metallurgy, oil and gas industries, residential properties developers, etc. amounted to RUR 1.3 billion. Industry trends compliance assessment, including support for operating results achieved (in the Issuer’s opinion – satisfactory and unsatisfactory results): The Issuer is a natural monopoly; its development and performance define the industry development. The Issuer management bodies have concurring opinion in respect of information presented. There is no special opinion of the Issuer Board of Directors member or the Issuer collegial executive body member in respect of information presented, recorded in the Minutes of the meeting of the Issuer Board of Directors or collegial executive body where respective issues have been reviewed. 5.5.1. Analysis of factors and conditions affecting the Issuer operations Factors and conditions affecting the Issuer operations and results of such operations. Forecasted exposure duration of the mentioned factors and conditions. One of the most important factors determined the results of the Issuer operations is technical upgrading investment behavior as for the period 2003 – 2004 volume of such investments increased more than twice. Positive investment behavior will continue in next years. Forecasted exposure duration of the mentioned factors and conditions. Increase in domestic electric power consumption within Russia is forecasted in accordance with estimation 2004 – 2008 energy supply matrix developed by JSC RAO UES of Russia jointly with INEI RAN, JSC Institute Energosetproject, JSC NIIEE. The mentioned forecast is based on actual electric power consumption growth ratio existed in 2003, governmental estimations of the economy development for the next five years with GDP rate of increase, local forecasts prepared by AO-energos. Energy consumption forecast for 2004 – 2008 indicates changes in electric power consumption growth trend from moderate to optimistic scenario included in Energy Strategy of Russia (approved by the Resolution of the RF Government No 1234-r dated 28.08.2003). Therefore in the next two years major factors affecting JSC FGC UES operations will be: • electric network facilities of other owners related to UNEG, received into management; realization of staged transfer to service payments based on customers contract demand; • readiness of regulatory and legal framework regulating operations of wholesales and retail energy market participants. Measures undertaken by the Issuer and future measures planned by the Issuer to effectively use these factors and conditions: activity planning based on economic situation analysis. Methods used by the Issuer and methods planned by the Issuer to be used for reducing adverse effect of factors and conditions impacting the Issuer activity: • activity planning based on economic situation analysis; • formation of threshold level for electricity tariffs based on customer contract demand (connected capacity). Significant events/factors that can have the most negative effects on the Issuer ability to achieve in future similar or higher results as compared to the results achieved for the last reporting period, as well as probability of such events (factors). Deterioration of economic situation in the country, loss of industrial production, reduction of financial solvency of companies – power and heat consumers could be noted among factors that can have adverse impact on the Issuer ability to receive in future similar or higher results. In terms of technological risks the most significant are factors of natural aging of productive assets and adverse force majeure weather effects. To prevent adverse effect of these factors, JSC FGC UES developed and had the Board of Directors approved intermediate range investment program enabling both failure preventing of transmission facility and substation in-line equipment through realization of technical upgrading and reorganization program and establishing of new productive facilities providing for generating plant power and interregional transfer of energy. In relation to possible adverse natural effects, JSC FGC UES has a respective scheme of high voltage lines and substations facilities insurance; funds for such insurance scheme are fully considered by regulating authorities when determining power transmission tariffs. This factor enables positively state that such financial risks are minimal. The Issuer assesses probability of occurrence and realization of the above mentioned factors as insignificant. Significant events/factors that can improve the results of the Issuer activity and probability of their occurrence as well as duration of the effect. The most positive is highly probable speed-up of transferring electric network facilities of other owners under the management of JSC FGC UES that will enable on one hand to significantly increase commodity output and on the other hand to increase production performance of repairing and maintenance servicing of electric grids and investment policy meanwhile realizing respective large scale and synergetic effects. 5.5.2. Competitors of the Issuer Major existing and assumed competitors of the Issuer: the Issuer has no competitors for its core activities as electric power transmission is a natural-monopolistic type of activity. Factors of competitiveness of the Issuer with description of degree of their impact on competitiveness of goods (works, services) produced: factors of competitiveness are not described due to natural-monopolistic type of activity of the Issuer. VI. Detailed information about persons comprising management bodies of the issuer, its bodies to control the issuer financial and economic activity and brief information about employees of the issuer 6.1. Information about the structure and competence of the management bodies of the issuer Complete description of the structure of the management bodies of the Issuer and their competence in accordance with the Articles of Association (Article of association) of the Issuer (hereinafter referred to also “the Company”): The structure of the management bodies of the Issuer. The management bodies of the Company are: • General Meeting of Shareholders; • Board of Directors; • Management Board; • Chairman of the Management Board. General meeting of Shareholders is the superior management body of the Company. In accordance with article 10.2 of the Articles of Association of the Company: Competence of General Meeting of Shareholders includes the following issues: 1. introduction of amendments and addenda in Articles of Association or approval of redrafted Articles; 2. Company restructuring; 3. liquidation of the Company, appointment of liquidation commission and approval of interim and closing liquidation balance sheets; 4. determination of quantity, par value, category (type) of declared shares and rights carried by such shares; 5. increase in the Company’s authorized capital by raise of the shares’ par value or placing of additional shares (issuing, Company securities convertible into shares) by the Company in cases provided by the Federal Law “On Joint-Stock Companies”; 6. crease of the Company authorized capital by reduction of the shares’ par value; 7. decrease of the Company authorized capital by acquisition of a part of shares by the Company with view to reduce their aggregate amount, as well as by retirement of shares acquired or bought out by the Company; 8. splitting up and reverse split of the Company shares; 9. acquisition of the Company placed shares in cases provided by the Federal Law “On Joint-Stock Companies”; 10. election of the Chairman of the Management Board of the Company and early termination of its powers; 11. election of members of the Company Board of Directors and early termination of their powers; 12. election of members of the Company Audit Committee and early termination of their powers; 13. approval of the Company Auditor; 14. approval of annual reports, annual financial statements including profit and loss statements (profit and loss accounts) of the Company, as well as distribution of profits including payment (announcement) of dividends, excluding profit distributed as dividends under results of the first quarter, half-year, nine months of the financial year and the Company losses according to results of a financial year; 15. payment (announcement) of dividends under results of the first quarter, half-year, nine months of a financial year; 16. making decisions on approval of major transactions in cases provided in Article 79 of the Federal Law “On Joint-Stock Companies”; 17. making decisions on approval of major transactions in cases provided in Article 83 of the Federal Law “On Joint-Stock Companies”; 18. making decisions on participation in financial industrial groups, associations and other alliances of profit-making organization; 19. approval of internal documents, which regulate activities of the Company bodies; 20. taking decision on payment of remuneration and (or) compensation to members of the Company Audit Committee; 21. taking decisions on payment of remuneration and (or) compensation to members of the Company Board of Directors; 22. resolution of other issues as prescribed by the Federal Law “On Joint-Stock Companies”. The Board of Directors executes overall leadership of the Company activity excluding resolutions on the issues that in accordance with the Federal Law “On joint stock companies” and the Articles of Association are within the competence of the General Meting of Shareholders. In accordance with Article 15.1 of the Company Articles of Association: Competence of Board of Directors includes the following issues: 1. taking decisions on the business priorities with regard to the Company’s activities; 2. calling of Annual and Extraordinary Meetings of Shareholders of the Company excluding in cases provided for in para 14.8 of Article 14 of the Articles of Association of JSC FGC UES, and also announcement of date of holding a new General Meeting of Shareholders instead of a rejected Meeting due to lack of quorum; 3. approving of the agenda of General Meeting of Shareholders of the Company; 4. election of the secretary of General Meeting of Shareholders; 5. determination of the date of completing a list of entities having the right to participate in General Meeting of Shareholders, resolution of other issues related to preparation and holding of General Meeting of Shareholders; 6. increase in the Company authorized capital by placing of additional shares within quantity and categories (types) of announced shares subject to restrictions as prescribed by the Federal Law “On Joint-Stock Companies” and by the Company Articles of Association; 7. placement of bonds and other issued securities by the Company, including bonds and other issued securities convertible into shares subject to restrictions as prescribed by the Federal Law “On Joint- Stock Companies” and by the Company Articles of Association; 8. price estimation (monetary valuation) of property, offering price, and buyout of issued securities in cases provided by the Federal Law “On Joint-Stock Companies”, and in cases stipulated by sub- paragraphs 19, 28 of para 15.1 of the present Articles of Association; 9. purchase of bonds and other issued securities in cases provided by the Federal Law “On Joint-Stock Companies”; 10. election of members of the Management Board of the Company (excluding the Chairman of the Management Board), defining the amount of remuneration and compensation paid to members of the Management Board and early termination of contracts of employment concluded with them; 11. carve-out (sale) of the Company shares, which returned to the Company’s possession as a result of purchase (repurchase) from the Company shareholders and also in other cases provided for by the Federal Law “On Joint Stock Companies”; 12. advising to the General Meeting of Shareholders on the amount of remuneration and compensation paid to members of the Company Audit Committee; 13. defining the amount of fee to be paid for services of the Company Auditor; 14. advising on the amount of dividends paid on the Company shares and payment procedures; 15. approval of internal documents of the Company which regulate the procedure of formation and allocation of the Company funds, taking decision on utilization of the Company funds; 16. approval of the expense budget for the Company executive bodies, taking into consideration expenses necessary to ensure operation of the Company Board of Directors; 17. approval of internal documents of the Company except for documents, the approval of which falls within competence of the General Meeting of Shareholders; 18. establishment of branches and representative offices, and their liquidation including introduction of changes into the Company Articles of Association related to establishment of branches and representative offices of the Company (including changes to names and locations of the branches and representative offices of the Company) and their liquidation; 19. making decisions on the Company participation in other organizations (including agreeing the constituent documents and candidates to the management bodies of started-up organizations), changing share of participation (amount of stock, value of stake, shares), encumbrance of shares, stakes and termination of the Company participation in other organizations; 20. approval of loan policy, approval of transactions on concluding the Company loan agreements and contracts of debt, issuing guarantees, issuing of promissory note or transfer note, pledging property in cases when the procedure of taking decisions on such transactions is not defined by the internal documents of the Company and also taking decisions on approval of temporary exceeding of the limits in accordance with the procedure defined in the internal documents of the Company; 21. approval of major transactions in cases provided for by Chapter Х of the Federal Law “On Joint- Stock Companies”; 22. approval of transactions provided for by Chapter XI of the Federal Law “On Joint-Stock Companies”; 23. approval of the Company Registrar, the terms of contract with the said Registrar and termination of the said contractual relations; 24. election and re-election of the Chairman and Deputy Chairman of the Company Board of Directors; 25. approval of procedure for interaction with commercial organizations, the shares (stakes) in which are owned by the Company; 26. defining the Company (representatives of the Company) position including ordering to vote or not to vote on items listed in the agenda, to vote “pro”, “con” or “abstain from voting” on draft resolutions on the following items listed in the agenda of general meetings of shareholders (participants) of subsidiary and affiliated commercial organizations (excluding cases when the Board of Directors of the Company functions as general meetings of shareholders (participants) of subsidiary and affiliated commercial organizations and in the agenda of board of directors meetings of subsidiary and affiliated commercial organizations (excluding approval of the agenda of general meetings of shareholders (participants) of subsidiary and affiliated commercial organizations, when the Board of Directors of the Company functions as general meetings of shareholders (participants) of subsidiary and affiliated commercial organizations): a) defining agenda for general meeting of shareholders (participants) of subsidiary and affiliated commercial organizations; b) reorganization, liquidation of subsidiary and affiliated commercial organizations; c) deciding on the number of members for the board of directors of subsidiary and affiliated commercial organization; nomination and election of the said members, as well as early termination of their powers; d) defining the amount, nominal value, category (type) of announced shares of subsidiary and affiliated commercial organizations and rights provided by such shares; e) increasing the authorized capital of subsidiary and affiliated commercial organizations by raise of the shares’ par value or placing of additional shares; f) placement of securities of subsidiary and affiliated commercial organizations convertible into ordinary shares; g) splitting and reverse splitting of the shares of subsidiary and affiliated commercial organizations; h) approval of major transactions to be entered into by subsidiary and affiliated commercial organizations; i) participation of subsidiary and affiliated commercial organizations in other organizations (joining the existing organization or establishing of a new one), and also purchasing, disposal and pledging of shares and stakes in authorized capitals of organizations where subsidiary and affiliated commercial organizations participate, changing share of participation in authorized capital of a respective organization; j) entering by subsidiary and affiliated commercial organizations into transactions (including several related transactions) related to assignment of assets or possible assignment of assets with book value or market value exceeds RUR 15 m and which represent fixed assets, intangible assets, construction in progress which purpose is to be used for production, transmission, dispatching, distribution of electric and heat power; k) entering by subsidiary and affiliated commercial organizations into transactions (including several related transactions) related to assignment of assets or possible assignment of assets with book value or market value exceeds RUR 30 m and which represent fixed assets, intangible assets, construction in progress which purpose is to be used for production, transmission, dispatching, distribution of electric and heat power; l) introducing changes and additions to constitutive documents of subsidiary and affiliated commercial organizations; m) payment of remuneration and compensation to members of the Board of Directors and the Audit Committee of subsidiary and affiliated commercial organizations; 27. defining the Company (representatives of the Company) position and subsidiary and affiliated commercial organizations position on the following items of the agenda of meetings of the board of directors of subsidiary and affiliated commercial organizations (including ordering to vote or not to vote on items listed in the agenda, to vote “pro”, “con” or “abstain from voting” on draft resolutions): a) defining positions of representatives of subsidiary and affiliated commercial organizations on items of the agenda of general meetings of shareholders (participants) and board of directors meetings of companies which are subsidiary and affiliated to subsidiary and affiliated commercial organizations, related to entering (approval) of transactions (including several related transactions) related to assignment of assets or possible assignment of assets with book value or market value exceeds RUR 15 m and which represent fixed assets, intangible assets, construction in progress which purpose is to be used for production, transmission, dispatching, distribution of electric and heat power; b) defining positions of representatives of subsidiary and affiliated commercial organizations on items of the agenda of general meetings of shareholders (participants) and board of directors meetings of companies which are subsidiary and affiliated to subsidiary and affiliated commercial organizations and which are engaged in production, transmission, dispatching, distribution of electric and heat power; on restructuring, liquidation, increase of the authorized capital of such companies by increasing nominal value of shares or by placement of additional shares, securities convertible into ordinary shares; 28. preliminary approval of decisions to be taken by the Company in respect of: a) transactions with non-current assets of the Company with value exceeding 10 per cent of the book value of such assets of the Company as of the date of taking decision on entering into such transaction; b) transactions (including several related transactions) related to assignment of assets or possible assignment of assets with book value exceeds RUR 15 m and which represent fixed assets, intangible assets, construction in progress which purpose is to be used for production, transmission, dispatching, distribution of electric and heat power and also rendering of services and execution of works in accompanying activity categories (energy facilities repair, system controlling, accounting); c) transactions (including several related transactions) related to assignment of assets or possible assignment of assets with book value exceeds RUR 30 m and which represent fixed assets, intangible assets, construction in progress which purpose is to be used for production, transmission, dispatching, distribution of electric and heat power and also rendering of services and execution of works in accompanying activity categories (energy facilities repair, system controlling, accounting). This authority does not apply to cases when the Company assigns monetary assets, securities determined by separate decisions of the Board of Directors of the Company (taking into account special circumstances of taking decisions provided for in sub-para 7, 15, 16 of para 12.1 of the Company Articles of Association). 29. approval of decision on issuing of securities, Prospectus, reports on results of acquisition of the Company’s shares from the shareholders, reports on results of shares redemption, reports on the results of the Company shareholders claims to repurchase shares they hold; 30. 30) preliminary approval of transactions that can result in obligations denominated in foreign currency (or obligations with the amount linked to foreign currency) in cases and amounts to be determined by separate decisions of the Board of Directors of the Company, and also if the mentioned cases (amounts) are not defined by the Board of Directors of the Company; 31. defining of purchasing policy in the Company including approval of Regulation on the procedure of regulated purchases of goods, works, services, appointment of the head of the Central purchasing authority of the Company as well as taking other decisions in accordance with the documents approved by the Company and regulating purchase activity of the Company. 32. deciding on recommending the Chairman of the Management Board of the Company for the state rewards; 33. approval of target value (adjusted value) of key performance indicators (KPIs) of the Company and their status reports. 34. approval of business-plan (adjusted business plan) and consideration of the report on the results of business plan execution; 35. forming committees of the Board of Directors of the Company, approval of regulations on committees of the Board of Directors of the Company. 36. electing of the Secretary of the Board of Directors of the Company and early termination of its power. 37. deciding on proposing issues for consideration of the General Meeting of Shareholders of the Company that in accordance with the Law could be considered only when proposed by the Board of Directors of the Company. 38. other issues falling within competence of the Board of Directors under the Federal Law “On Joint- Stock Companies” and the present Articles of Association. Management of the Company’s current operations is carried out by the sole executive body – Chairman of the Company’s Management Board, and collegial executive body – the Management Board of the Company. In accordance with Article 21.2 of the Articles of Association of the Company: The Management Board competence includes the following issues: 1. development and submission of the Company’s business priorities and long-term plans for their implementation for the Board of Directors consideration; 2. preparation of a report on adherence to decisions taken by General Meeting of Shareholders and Board of Directors of the Company; 3. exercise of powers (with regard to pp. 26 of paragraph 15.1 of the Articles of Association of JSC FGC UES) of shareholders’ meetings of affiliated joint stock companies, all voting shares of which belong to the Company in accordance with their constitutive documents or other legal basis; 4. appointment (with regard to pp. 26 of paragraph 15.1 of the Articles of Association of JSC FGC UES) of the Company representatives to participate in management bodies of organizations with any organizational legal forms, in which the Company participates excluding representatives of the Company at the meetings of participants of the said organizations; 5. nomination of candidates for the position of the sole executive body in organizations with any organizational legal forms, in which the Company participates; 6. submission to the Board of Directors consideration of reports on financial and economic activities of subsidiary and affiliated companies, in which the Company owns shares (stakes), as well as information on other organizations in which the Company participates; 7. listening to reports of Deputies Chairmen of the Company Management Board, managers of the Company’s structural subdivisions on performance under approved plans, programs, instructions implementation, review of reports, documents and other information concerning business of the Company and its subsidiary and affiliated companies; 8. resolution of other issues pertaining to management of the Company’s current activities in accordance with decisions made by the General Meeting of Shareholders, the Board of Directors of the Company, as well as issues submitted to the Management Board for consideration by the Chairman of the Management Board of the Company. In accordance with Article 22.1 of the Company Articles of Association: Competence of the Chairman of the Management Board includes all issues pertaining to management of daily activities of the Company, except for issues falling within competence of the General Meeting of Shareholders, the Board of Directors, and the Management Board. Chairman of the Management Board acts on behalf of the Company without power of attorney, namely: 1. settles transactions on behalf of the Company, gives powers of attorney, opens in banks settlement and other accounts for the Company; 2. disposes the Company’s property at his own discretion with regard to restrictions provided by the applicable laws and the present Articles of Association; 3. employs and dismisses the Company’s employees, applies incentives and imposes disciplinary penalties to them; 4. organizes work of the Management Board of the Company and chairs at its meetings; 5. submits proposals concerning appointment and dismissal of members of the Management Board to the Board of Directors; 6. approves the staffing table and official salaries of the Company’s employees; 7. distributes duties among the Deputies of the Chairman; 8. ensures implementation of the Company’s business plans required to meet its objectives; 9. approves Regulations of the Company’s branches and representative offices; 10. approves regulations of the Company on issues falling within the competence of the Chairman of the Management Board; 11. organizes accounting and financial reporting in the Company; 12. issues decrees, approves instructions and other internal documents of the Company, gives directions binding for all the Company’s employees; 13. not later than 45 (forty five) days prior to a date when the Company General Meeting of Shareholders is to be held, submits an annual report, balance sheet, profit and loss statement, distribution of profits and losses of the Company to the Company Board of Directors; 14. quarterly submits to the Board of Directors work programs of the Management Board of the Company as well as reports on program implementation; 15. appoints representatives of the Company at the meetings of participants of commercial organizations where the Company holds shares and stakes; 16. resolves other issues pertaining to current performance of the Company, except for issues falling within competence of the General Meeting of Shareholders, the Board of Directors and the Management Board. Information about availability of the Corporate Code of conduct of the Issuer or any other similar document: Corporate Code of conduct of JSC FGC UES was approved by the Resolution of the Board of Directors of JSC FGC UES (Minutes No 55 dated February 2008). Information about availability of internal documents of the Issuer regulating activity of its bodies: the Issuer has the following documents: Regulation on the Management Board, Procedures for the Board of Directors activity, Regulation of the Audit Committee, Corporate Code of conduct, Decree on organizing works on protection of business information, Regulation on insider information, Regulation on information policy, Regulation on the procedure of preparing for and holding of the General Meeting of the Shareholders, Regulation on dividend policy, Regulation on the Audit Committee of the Board of Directors of JSC FGC UES, Regulation on HR and Compensation Committee of the Board of Directors of JSC FGC UES, Regulation on Strategy Committee of the Board of Directors of JSC FGC UES, Regulation on remuneration and compensations for the members of the Revision Committee of the Board of Directors of JSC FGC UES. Web-site where the latest edition of the complete Articles of Association of the Issuer and internal documents regulating activities of the Issuer bodies are available for public: www.fsk-ees.ru . 6.2. Information about persons forming the management bodies of the issuer Information about members of the Board of Directors of JSC FGC UES: Name: Mr. Medvedev Yuriy Mitrofanovich Position held in a joint stock company – the issuer: Chairman of the Board of Directors Year of birth: 1965 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Ministry of property relations of the First deputy Minister of property 2002- 2004 Russian Federation relations of the Russian Federation Federal property management agency of Deputy Head of the Federal property 2004 – the present time the Russian Federation management agency of the Russian Federation Open joint stock company “System member of the Board of Directors 2008 - the present time Operator – Central dispatcher directorate of the Unified energy system” Open joint stock company “Federal member of the Board of Directors 2008 - the present time hydrogenating company” Closed joint stock company “Joint stock member Supervisory Board 1999- the present time company “Alrosa” Open joint stock company Chairman of the Board of Directors 2005 - the present time “Kavminkurortresursy” Open joint stock company “Mineral member of the Board of Directors 2006 - the present time waters of Stavropolye” Open joint stock company member of the Board of Directors 2008 - the present time “Radioengineering concern “Vega” Open joint stock company “Almaz- member of the Board of Directors 2008 - the present time Antey” Open joint stock company “Modern member of the Board of Directors 2008 - the present time commercial fleet” Open joint stock company Chairman of the Board of Directors 2005 - the present time “Irkutskenergo” Joint Russian-Vietnamese venture member Joint Venture Board 2008- the present time “Vietsovpetro” Open joint stock company “Bank VTB” member Supervisory Board 2007- the present time Open joint stock company Russian member Supervisory Board 2007- the present time agricultural bank” Open joint stock company “Holding member of the Board of Directors 2008- the present time MRSK” Interest held in the authorized capital of the issuer (%): 0 Interest held in ordinary stock of the issuer (%): 0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 2. Name: Mr. Khristenko Viktor Borisovich Year of birth: 1957 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Open joint stock company “Gazprom” member of the Board of Directors 2000 - the present time Open joint stock company “FGC UES” member of the Board of Directors 2002 - the present time Government of the Russian Federation First Deputy Chairman, Deputy 2003 - 2004 Chairman, Acting Chairman of the Government of the Russian Federation Open joint stock company “RAO UES member of the Board of Directors 2003 -2008 of Russia” Ministry of industry and energy of the Minister of industry and trade of the 2004 - the present time Russian Federation Russian Federation Open joint stock company “Joint stock member of the Board of Directors 2004 - the present time company for oil transportation “Transneft” Open joint stock company “System member of the Board of Directors 2004 - the present time Operator – Central dispatcher directorate of the Unified energy system” Open joint stock company “Federal member of the Board of Directors 2005 - the present time hydrogenating company” Open joint stock company “KAMAZ” member of the Board of Directors 2005 - the present time Limited liability company member of the Board of participants 2006 - the present time “International consortium for management and development of gas transportation system of the Ukraine” Open joint stock company “INTER member of the Board of Directors 2008 - the present time RAO UES” State corporation “Russian corporation member of the Board of Directors 2007 - the present time of nanotechnologies” Open joint stock company “United ship- member of the Board of Directors 2008 - the present time building corporation” Open joint stock company “Holding member of the Board of Directors 2008 - the present time MRSK” Interest held in the authorized capital of the issuer (%): 0 Interest held in ordinary stock of the issuer (%): 0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 3. Name: Mr. Ayuyev Boris Ilyich Year of birth: 1957 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Open joint stock company “System Chairman of the Management Board, 2003 - 2004 Operator – Central dispatcher member of the Board of Directors directorate of the Unified energy system” Open joint stock company “RAO UES member of the Board of Directors 2004 -2008 or Russia” Closed joint stock company “Agency member of the Board of Directors 2005 - 2006 for Power Balance Forecasting” Open joint stock company “Federal member of the Board of Directors 2005 - the present time hydrogenating company” Interest held in the authorized capital of the issuer (%):0.001767 Interest held in ordinary stock of the issuer (%):0.001767 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 4. Name: Mr. Vainzikher Boris Feliksovich Year of birth: 1968 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Kashirskaya GRES Director 2001-2005 Open joint stock company “RAO UES Member of the management Board, 2005-2008 of Russian” technical director Open joint stock company “Lenenergo” member of the Board of Directors 2008 - the present time Interest held in the authorized capital of the issuer (%):0.001227 Interest held in ordinary stock of the issuer (%):0.001227 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 5. Name: Mr. Dementyev Andrey Vladimirovich Year of birth: 1967 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Government of the Russian Federation Deputy head of the Office of the first 2002-2004 deputy of Chairman of the Russian Federation, Mr. Khristenko V.F. Ministry of industry and trade of the Director of the Department of structural 2004-2005 Russian Federation and investment policy in industry and energy of the Ministry of industry and energy of the Russian Federation Ministry of industry and trade of the Deputy Minister of industry and energy 2005 г. - the present time Russian Federation of the Russian Federation Open joint stock company “RAO UES member of the Board of Directors 2006 – the present time of Russia” Open joint stock company “INTER member of the Board of Directors 2008- the present time RAO UES” Open joint stock company “KAMAZ” member of the Board of Directors 2005- the present time Open joint stock company “Holding member of the Board of Directors 2008- the present time MRSK” Open joint stock company “RAO member of the Board of Directors 2008- the present time Electric power systems of the East” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 6. Name: Mr. Zhuravlev Sergey Igorevich Year of birth: 1970 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Federal property management agency of Head of the Department of commercial 2004- the present time the Russian Federation organization property management LLC “Ship-building yard “Northern IT Director 2004-2004 Warf” Open joint stock company “System member of the Board of Directors 2008- the present time Operator – Central dispatcher directorate of the Unified energy system” Open joint stock company “Fifth member of the Board of Directors 2008- the present time generating company of electric power wholesale market” Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 5” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 7. Name: Mr. Kitashev Andrey Vladimirovich Year of birth: 1957 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC “Permenergo” General Director 2001-2005 JSC “GRES-5” General Director (pluralistically) 2005-2005 JSC “Yayvinaskaya GRES” General Director (pluralistically) 2005-2005 JSC “Smolenskaya GRES” General Director (pluralistically) 2005-2005 JSC “BGRES-1” General Director (pluralistically) 2005-2005 JSC “Surgutskaya GRES-2” General Director (pluralistically), 2005-2005 member of the Board of Directors JSC “Joint stock commercial bank member of the Board of Directors 2005- the present time “Strategy” Open joint stock company “Fourth General Director, member of the Board 2008- the present time generating company of electric power of Directors, member of the wholesale market” Management Board Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 8. Name: Mr. Kurbatov Mikhail Yurievich Year of birth: 1981 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : LLC “Alfa-Integrator-BAAN CIS” consultant 2003 - 2004 Ministry of economic development and lead specialist, adviser, manager’s 2004 - 2008 trade of the Russian Federation assistant, deputy head of the department, head of the department of electric power industry and housing and utilities restructuring, temporary acting deputy director of the Department of the state tariff regulation and infrastructural reforms of the Ministry of economic development and trade of the Russian Federation Ministry of economic development and Deputy Director of the Department of 2008- the present time trade of the Russian Federation the state tariff regulation and infrastructural reforms Open joint stock company “System member of the Board of Directors 2008- the present time Operator – Central dispatcher directorate of the Unified energy system” Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 5” Open joint stock company member of the Board of Directors 2007- the present time “Irkutskenergo” Open joint stock company “RAO member of the Board of Directors 2008- the present time Electric power systems of the East” Non-profit partnership of Guaranteeing member of the Board of Directors data not available suppliers and Electric power distribution companies” Open joint stock company member of the Board of Directors 2008- the present time “Sangtudinskaya GES-1” Open joint stock company “Holding member of the Board of Directors 2008- the present time MRSK” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 9. Name: Mr. Lukin Andrey Borisovich Year of birth: 1970 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC “Kirishskaya GRES” Head of Sales Department, Deputy 2003 - 2006 General director for Marketing and sales, Deputy General Director for development JSC “RAO UES of Russia” Head of UES development department 2006 – 2008 Federal energy agency (Rosenergo) Deputy Head 2007- the present time Open joint stock company “System member of the Board of Directors 2008- the present time Operator – Central dispatcher directorate of the Unified energy system” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 10. Name: Mr. Remes Seppo Ukha Year of birth: 1955 Education: tertiary Information about positions held in other companies for the last 5 years:

Organization name: Position held: Period: Vostok Nafta Investment Ltd Director 2003-2004

JSC “RAO UES of Russia” member of the Board of Directors 2003 - the present time Kiuru Partners LLC, consulting President 2004 – the present time company CJSC “FIM financial services” Senior adviser, member of the Board of 2004 – the present time Directors Finnish Fund “«Sitra” (National fund) Senior adviser 2004 – the present time Open joint stock company “Federal member of the Board of Directors 2008- the present time hydrogenating company” Open joint stock company member of the Board of Directors 2008- the present time “Interregional distribution network company of Volga” Open joint stock company member of the Board of Directors 2008- the present time “Interregional distribution network company of North-West” (JSC “MRSK of North-West”) FIM Financial Services Director 2007- the present time Limited liability company “Kiuru” General Director 2008- the present time Open joint stock company “Sixth Chairman of the Audit Committee 2008- the present time generating company of electric power wholesale market” Open joint stock company “Severstal- member of the Board of Directors, 2008- the present time auto” Chairman of the Audit Committee Open joint stock company United member of the Board of Directors, data not available machinery works (Uralmash-Izhora Chairman of the Audit Committee Group) Open joint stock company “Kirovskiy member of the Board of Directors 2008- the present time zavod” Open joint stock company “SIBUR- member of the Board of Directors, 2008- the present time Holding” Chairman of the Audit Committee, member of the Finance Committee Open joint stock company “LSR member of the Board of Directors, data not available Group” Chairman of the Audit Committee PONSSE Oyj EOS Russia (Finnish member of the Board of Directors 2007- the present time open joint stock company) Open joint stock company “Holding member of the Board of Directors 2008- the present time MRSK” State corporation “Russian corporation member of the Investment policy 2008- the present time of nanotechnologies” committee under the Supervisory Board Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 11. Name: Mr. Sharonov Andrey Vladimirovich Year of birth: 1964 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Ministry of economic development and First Deputy Minister 2003-2004 trade of the Russian Federation Ministry of economic development and First Deputy Minister 2004-2005 trade of the Russian Federation Ministry of economic development and Secretary of state, Deputy Minister 2005-2007 trade of the Russian Federation ОАО РАО “ЕЭС of Russia” member of the Board of Directors 2004 – the present time Closed joint stock company Managing director, Chairman of the 2008- the present time “Investment company “Troyka-Dialog” Board of Directors Open joint stock company”INTER member of the Board of Directors 2008- the present time RAO UES” Open joint stock company “Federal member of the Board of Directors 2008- the present time hydrogenating company” Open joint stock company “Second member of the Board of Directors 2008- the present time generating company of electric power wholesale market” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. Information about the sole executive body and about members of collegial executive body of the issuer: 1. Mr. Rappoport Andrey Natanovich – Chairman of the Management Board of JSC FGC UES Year of birth: 1963 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC RAO UES of Russia Deputy Chairman of the Management 1998-2004 Board Open joint stock company AO “AES member of the Supervisory Board 2005 - the present time Telasi” Open joint stock company “Moscow member of the Board of Directors 2005 - the present time united electric grid company” Open joint stock company member of the Board of Directors “Interregional distribution network company of the South” Open joint stock company “Federal member of the Board of Directors 2005 - the present time hydrogenating company” Open joint stock company “INTER member of the Board of Directors 2004 - the present time RAO UES” Open joint stock company “INTER member of the Board of Directors 2004 - 2008 RAO UES of the Balkans” Open joint stock company “System member of the Board of Directors 2004 - the present time Operator – Central dispatcher directorate of the Unified energy system” Joint stock company “United Energy member of the Supervisory Board 2004- the present time System GruzRosenergo” JSC “MRSK of the Center and Northern member of the Board of Directors 2004- the present time Caucasus” JSC RAO UES of Russia member of the Management Board, 2004-2008 Deputy Chairman of the Management Board JSC FGC UES member of the Board of Directors 2004-2008 RAO Nordic OY member of the Board of Directors 2005-2007 CJSC “Armenian nuclear power member of the Board of Directors 2005-2008 station” Open joint stock company “Eastern member of the Board of Directors 2008- the present time energy company” Open joint stock company “Engineering Chairman of the Board of Directors 2008- the present time and management center of the Unified energy system construction” Open joint stock company “Specialized Chairman of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Open joint stock company “Main Chairman of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Open joint stock company "RAO member of the Board of Directors 2008- the present time Energy systems of the East” Closed joint stock company “Aycacan Chairman of the Board of Directors data not available atomayin electrakayan” Open joint stock company “Holding member of the Board of Directors 2008- the present time MRSK” TGR ENERJI ELEKTRIK TOPTAN Chairman of the management Board 2007- the present time TICARET A.S. Closed joint stock company “Electric Chairman of the Board of Directors 2008- the present time grids of Armenia” Interest held in the authorized capital of the issuer (%):0.001753 Interest held in ordinary stock of the issuer (%):0.001753 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 2. Mr. Vasiliev Victor Alexeevich Year of birth: 1944 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC “Kubanenergo” member of the Board of Directors 2003 –2005 JSC “Tyumen backbone grid company” Chairman of the Board of Directors 2005 - 2008 Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 2” Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 14” Open joint stock company “Specialized member of the Board of Directors 2008 – the present time electric grid service company of the Unified national electric grid” Open joint stock company “Main member of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 3. Mr. Demin Andrey Alexandrovich Year of birth: 1974 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC RAO UES of Russia Lead expert of the corporate center of 2004 - 2004 Business planning department JSC FGC UES Head of the Department of RSK 2005-- the present time management, Head of MRSK Management Center, Deputy Chairman of the Management Board Open joint stock company member of the Board of Directors 2008- the present time “Interregional distribution network company of Center” Open joint stock company member of the Board of Directors 2007- the present time “Interregional distribution network company of Northern Caucasus” Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 6” Open joint stock company “Engineering member of the Board of Directors 2008 – the present time and management center of the Unified energy system construction” Open joint stock company “Specialized member of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Open joint stock company “Main member of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 4. Mr. Maslov Alexey Victorovich Year of birth: 1975 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Open joint stock company Director for asset and investment 2005- the present time “Energostroysnabcomplect of the UES” management JSC FGC UES Director for investments and capital 2003 - 2005 construction Open joint stock company “Engineering General director, member of the Board 2008- the present time and management center of the Unified of Directors energy Open joint stock company “Institute member of the Board of Directors 2008- the present time Energosetproject” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 5. Mr. Tuzov Mikhail Yurievich Year of birth: 1966 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC FGC UES Deputy Chairman of the Management 2003 - the present time Board Closed joint stock company member of the Board of Directors 2003 - the present time “EnergoRynok” Open joint stock company member of the Board of Directors “Bashkirenergo” Open joint stock company “Volzhskaya member of the Board of Directors 2005 – 2008 interregional distribution company” JSC “Yantarenergo” member of the Board of Directors 2003 –2008 JSC “Omskenergo” member of the Board of Directors 2003 –2005 JSC “MRSK of the Center and Northern member of the Board of Directors 2004 -2006 Caucasus” JSC “MRSK of the North-West” member of the Board of Directors 2004 – 2008 JSC “ENIFCOM” member of the Board of Directors 2005-2008 JSC “Kurskenergo” member of the Board of Directors 2006-2008 JSC Volzhskaya TGK” member of the Board of Directors 2007 – the present time Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 2” Open joint stock company “Territorial member of the Board of Directors 2008- the present time generating company No 14” Open joint stock company “Eastern member of the Board of Directors 2008- the present time energy company” Open joint stock company “Specialized member of the Board of Directors 2008 the present time electric grid service company of the Unified national electric grid” Open joint stock company “Main member of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 6. Mr. Chistyakov Alexander Nikolayevich Year of birth: 1973 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC FGC UES First Deputy Chairman of the 2002 - the present time management Board JSC “Kolenergo” member of the Board of Directors 2003 –2005 JSC “Nurenergo” member of the Board of Directors 2003-2008 JSC “Energostroysnabcomplekt of the member of the Board of Directors 2003 –2005 UES” JSC “MRSK of the Center and Northern member of the Board of Directors 2004-2008 Caucasus” Open joint stock company member of the Board of Directors 2004 – the present time “Interregional distribution network company of Volga” Open joint stock company “Moscow member of the Board of Directors 2005- the present time united electric grid company” JSC “Moscow urban electric network member of the Board of Directors 2005-2008 company” Open joint stock company member of the Board of Directors 2004- the present time “Interregional distribution network company of the North-West” (JSC “MRSK of the North-West”) Open joint stock company member of the Board of Directors 2004 – the present time “Interregional distribution network company of the Urals” JSC “Tyumenenergo” member of the Board of Directors 2005 – 2008 JSC “MRSK of Siberia” member of the Board of Directors 2005-2008 CJSC “Agency for Power Balance member of the Board of Directors 2005-2008 Forecasting” JSC “Moscow management energy member of the Board of Directors 2005-2008 company” JSC “Russian municipal systems” member of the Board of Directors 2006-2008 Open joint stock company “Lenenergo” member of the Board of Directors 2006- the present time Open joint stock company “Specialized member of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Open joint stock company “Main member of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Interest held in the authorized capital of the issuer (%):0.000339 Interest held in ordinary stock of the issuer (%):0.000339 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 7. Mr. Pryadein Victor Vasilievich Year of birth: 1974 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : LLC “FINEX – Consulting” Director 2000 - 2005 LLC “FINEX – Center” Director 2005 - 2005 JSC FGC UES Director for business development and 2006 – the present time client relations JSC FGC UES Member of the Management Board 2008 – the present time Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 8. Mr. Ivanov Sergey Nikolayevich Year of birth: 1961 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : Federal state controlled entity concern First vice-president – Executive 2002-2006 “Rosenergoatom”, Moscow director, first deputy General director for economics and finance - Executive director, Deputy General director – director for restructuring and corporate management Open joint stock company “INTER Deputy General director for strategy and 2007 – 2008 RAO UES”, Moscow investments JSC FGC UES First deputy Chairman of the 2008 – the present time Management Board Interest held in the authorized capital of the issuer (%):0 Interest held in ordinary stock of the issuer (%):0 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. Person carrying out functions as the sole executive body of the issuer: 1. Mr. Rappoport Andrey Natanovich Year of birth: 1963 Education: tertiary Information about positions held in other companies for the last 5 years: Organization name: Position held: Period : JSC RAO UES of Russia Deputy Chairman of the Management 1998-2004 Board Open joint stock company AO “AES member of the Supervisory Board 2005 - the present time Telasi” Open joint stock company “Moscow member of the Board of Directors 2005 - the present time united electric grid company” Open joint stock company member of the Board of Directors “Interregional distribution network company of the South” Open joint stock company “Federal member of the Board of Directors 2005 - the present time hydrogenating company” Open joint stock company “INTER member of the Board of Directors 2004 - the present time RAO UES” Open joint stock company “INTER member of the Board of Directors 2004 - 2008 RAO UES of the Balkans” Open joint stock company “System member of the Board of Directors 2004 - the present time Operator – Central dispatcher directorate of the Unified energy system” Joint stock company “United Energy member of the Supervisory Board 2004- the present time System GruzRosenergo” JSC “MRSK of the Center and Northern member of the Board of Directors 2004- the present time Caucasus” JSC RAO UES of Russia member of the Management Board, 2004-2008 Deputy Chairman of the Management Board JSC FGC UES member of the Board of Directors 2004-2008 RAO Nordic OY member of the Board of Directors 2005-2007 CJSC “Armenian nuclear power member of the Board of Directors 2005-2008 station” Open joint stock company “Eastern member of the Board of Directors 2008- the present time energy company” Open joint stock company “Engineering Chairman of the Board of Directors 2008- the present time and management center of the Unified energy system construction” Open joint stock company “Specialized Chairman of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Open joint stock company “Main Chairman of the Board of Directors 2008- the present time electric grid service company of the Unified national electric grid” Open joint stock company "RAO member of the Board of Directors 2008- the present time Energy systems of the East” Closed joint stock company “Aycacan Chairman of the Board of Directors data not available atomayin electrakayan” Open joint stock company “Holding member of the Board of Directors 2008- the present time MRSK” TGR ENERJI ELEKTRIK TOPTAN Chairman of the management Board 2007- the present time TICARET A.S. Closed joint stock company “Electric Chairman of the Board of Directors 2008- the present time grids of Armenia” Interest held in the authorized capital of the issuer (%):0.001753 Interest held in ordinary stock of the issuer (%):0.001753 Number of shares of the issuer of every category (type) available for purchasing in the result of option right effectuation: none Interest held in authorized capital of subsidiary/affiliated companies of the issuer: none Interest held in ordinary stock of subsidiary/affiliated companies of the issuer: none Number of shares of a subsidiary or affiliated company of the issuer of every category (type) available for purchasing in the result of a subsidiary or affiliated company option right effectuation: none There is no affinity with other people who are members of the management bodies of the issuer and/or financial-economic activity supervisory authority of the issuer No administrative or criminal (record of conviction) actions were brought against the present person for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government; The present person did not hold an office in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation. 6.3. Information about remuneration, benefits and/or compensation of expenses by every management body of the issuer The Board of Directors of the Company: Amount of income of all the members of the Board of Directors in 2007: RUR 26,228,914.96. Including: Salary: RUR 3,961,848.28. Bonuses: RUR 18,763,709.00. Commissions: none Benefits: none Other property granting: RUR 3,503,357.68. The Management Board of the Company: Amount of income of all the members of the Management Board in 2007: RUR 67,142,285.39. Including: Salary: RUR 25,736,004.39. Bonuses: RUR 41,406,281.00. Commissions: none Benefits: none Other property granting: none. As of the date of the Prospectus approval there are no agreements in respect of payments in 2008. 6.4. Information about the structure and competence of the bodies to control financial and economic activity of the Issuer Complete description of the structure of the bodies to control financial and economic activity of the Issuer and their competence in accordance with the Articles of Association (constituent documents) of the Issuer (hereinafter also referred to as “the Company”): The General Meeting of Shareholders annually elects the Audit Committee to exercise control over financial and economic activity of the Company. The Audit Committee of the Company comprises 5 (five) persons. Competence of the Audit Committee of the Company includes the following issues: 1. confirmation of reliability of data of an annual report, balance sheet, profit and loss account of the Company; 2. analysis of financial position of the Company, identifying reserves for improving financial position of the Company and working out recommendations for the Company management bodies; 3. organizing and execution of a review (an audit) of financial and economic activity of the Company, in particular: • review (an audit) of financial, accounting, payment and other documentation of the Company related to executing of financial and economic activity by the Company with a view to its compliance with the legislation of the Russian Federation, the Articles of Association, internal and other documents of the Company; • control over safety and usage of fixed assets; • control over compliance with the stipulated procedure of charging insolvent debtors amounts against the Company losses; • control over spending of the Company cash amounts in accordance with the approved business plan and the budget of the Company; • control over setting up and utilization of reserve and other special funds of the Company; • testing of validity and timeliness of distribution and payment of dividends on shares of the Company, interest on bonds, income on other securities; • testing of execution of early issued instructions on corrective measures and eliminating of violations identified during previous reviews (audits); • exercising of other activity (measures) related to reviewing financial and economic activity of the Company. Information about internal control system over financial and economic activity of the Issuer: 15.03.2004 the Directorate of financial control and internal audit was established. Duration of work of the Directorate equals 4 years. Baitov A.V. is the Head of the Directorate of financial control and internal audit. Principal duties of the internal audit function; accountability of the internal audit function: • control over financial and economic activity of the company subdivisions, its branches; • review accounting and internal control systems, their monitoring and developing of recommendations on the systems improvements; • review of accounting and operative information; • control over compliance with legislation of financial and economic transactions executed by the subdivisions and branches; • development and control over realization of measures to eliminate violations and weaknesses identified in the course of review. Interaction with executive management bodies of the issuer and the board of directors (the supervisory board) of the issuer: the Directorate is subordinate to the Chairman of the Management Board, in accordance with the Chairman plan interacts with subdivisions of the Executive administration and the branches in respect of execution of its orders. The Directorate does not relate to the Board of Directors. Interaction of the internal audit function and external auditor of the issuer: the Directorate provides the external auditor with information to assess the company performance. Information about availability of an internal document stipulating procedures on preventing use of insider information: Order No 105 dated 17.05.2004 “On organizing work on confidential information protection”. Regulation on insider information of JSC FGC UES was approved by the Resolution of the Board of Directors of JSC FGC UES No 55 dated 28 February 2008. The complete text of the Order and Regulation are available on the Web-site: www.fsk-ees.ru. 6.5. Information about persons forming the control body over financial and economic activity of the issuer Information about the membership of the Audit committee of the Issuer: Family name, first name and middle name: Ms. Zlydareva Tatyana Victorovna Year of birth: 1983 Education: tertiary Organization name: Position held: Period : State management university training 09.2000-07.2005 LLC “ACIA Project” Manager of Reconcilement section 09.2005-10.2006 Rosimuschestvo Specialist – expert, lead specialist - 12.2006-the present time expert Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital of the issuer which is a commercial organization; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock of the issuer and Number of shares of the issuer of every category (type) available for purchasing in the result of the mentioned person option right effectuation: 0% Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital subsidiary/affiliated companies of the issuer; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock subsidiary/affiliated companies of the issuer and Number of shares subsidiary/affiliated companies of the issuer of every category (type) available for purchasing in the result of the mentioned person effectuation of option right of subsidiary/affiliated companies of the issuer: 0% Affinity of the present member forming the control body over financial and economic activity of the issuer with other members forming the control body over financial and economic activity of the issuer, members of the Board of Directors (Supervisory Committee) of the issuer, members of collegial executive body of the issuer, the person carrying out functions as the sole executive body of the issuer: none Information about administrative or criminal (record of conviction) actions brought against the present member forming the control body over financial and economic activity of the issuer for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government: none Information about an office held by the present member forming the control body over financial and economic activity of the issuer in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation: none Family name, first name and middle name: Mr. Lebedev Victor Yurievich Year of birth: 1980 Education: tertiary Organization name: Position held: Period : Ministry of economic development Head of Electric power industry restructuring section 2007- the present time and trade of the Russian Federation Ministry of economic development Deputy head of Electric power industry and housing 2007 and trade of the Russian Federation and utilities restructuring section

Ministry of economic development Lead specialist of Electric power industry and housing 2006-2007 and trade of the Russian Federation and utilities restructuring section

LLC “Nor-Auto”, St. Petersburg Director 2005-2006 LLC “Nor-Auto”, St. Petersburg Assistant to General director 2004-2005 Institute of economics and trade Graduate student and assistant to Economics and 2003-2006 management Department

Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital of the issuer which is a commercial organization; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock of the issuer and Number of shares of the issuer of every category (type) available for purchasing in the result of the mentioned person option right effectuation: 0% Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital subsidiary/affiliated companies of the issuer; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock subsidiary/affiliated companies of the issuer and Number of shares subsidiary/affiliated companies of the issuer of every category (type) available for purchasing in the result of the mentioned person effectuation of option right of subsidiary/affiliated companies of the issuer: 0% Affinity of the present member forming the control body over financial and economic activity of the issuer with other members forming the control body over financial and economic activity of the issuer, members of the Board of Directors (Supervisory Committee) of the issuer, members of collegial executive body of the issuer, the person carrying out functions as the sole executive body of the issuer: none Information about administrative or criminal (record of conviction) actions brought against the present member forming the control body over financial and economic activity of the issuer for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government: none Information about an office held by the present member forming the control body over financial and economic activity of the issuer in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation: none Family name, first name and middle name: Ms. Matyunina Lyudmila Romanovna Year of birth: 1950 Education: tertiary Organization name: Position held: Period: JSC “Holding MRSK” First deputy head of Internal audit department 29.07.2008 - the present time CC JSC “RAO UES of Russia” First deputy head of Internal audit department 01.06.2004-30.06.2008 JSC “RAO UES of Russia” Deputy head of Financial audit department 1998-31.05.2004 Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital of the issuer which is a commercial organization; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock of the issuer and Number of shares of the issuer of every category (type) available for purchasing in the result of the mentioned person option right effectuation: 0% Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital subsidiary/affiliated companies of the issuer; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock subsidiary/affiliated companies of the issuer and Number of shares subsidiary/affiliated companies of the issuer of every category (type) available for purchasing in the result of the mentioned person effectuation of option right of subsidiary/affiliated companies of the issuer: 0% Affinity of the present member forming the control body over financial and economic activity of the issuer with other members forming the control body over financial and economic activity of the issuer, members of the Board of Directors (Supervisory Committee) of the issuer, members of collegial executive body of the issuer, the person carrying out functions as the sole executive body of the issuer: none Information about administrative or criminal (record of conviction) actions brought against the present member forming the control body over financial and economic activity of the issuer for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government: none Information about an office held by the present member forming the control body over financial and economic activity of the issuer in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation: none Family name, first name and middle name: Ms. Tikhonova Maria Gennadievna Year of birth: 1980 Education: tertiary Organization name: Position held: Period: Ministry of energy of the Russian lead specialist of the Department of legal support and property 2005 - the Federation relations in fuel and energy complex, chief specialist – expert present time of the Department of legal support and property relations in fuel and energy complex, deputy head of the Department of legal support and property relations in fuel and energy complex, head of the Department of economic regulation and property relations in fuel and energy complex JSC “Nizhnovenergo” engineer of customer service group 2003-2005 Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital of the issuer which is a commercial organization; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock of the issuer and Number of shares of the issuer of every category (type) available for purchasing in the result of the mentioned person option right effectuation: 0% Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital subsidiary/affiliated companies of the issuer; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock subsidiary/affiliated companies of the issuer and Number of shares subsidiary/affiliated companies of the issuer of every category (type) available for purchasing in the result of the mentioned person effectuation of option right of subsidiary/affiliated companies of the issuer: 0% Affinity of the present member forming the control body over financial and economic activity of the issuer with other members forming the control body over financial and economic activity of the issuer, members of the Board of Directors (Supervisory Committee) of the issuer, members of collegial executive body of the issuer, the person carrying out functions as the sole executive body of the issuer: none Information about administrative or criminal (record of conviction) actions brought against the present member forming the control body over financial and economic activity of the issuer for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government: none Information about an office held by the present member forming the control body over financial and economic activity of the issuer in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation: none Family name, first name and middle name: Ms. Lelekova Marina Alekseevna Year of birth: 1961 Education: tertiary Organization name: Position held: Period: RAO UES of Russia Representation office for Adviser to General director of Representation 2001-2003 joint stock companies management in the office for Audit committees activity East of Russia “Vostokenergo”, Khabarovsk

Fund “Institute of professional directors” Deputy General director 2003 -2004 JSC “FGC UES” Head, deputy head, lead expert. Chief expert 2004- the present time of the Directorate of financial control and internal audit

JSC “FGC UES” member of the Audit Committee 2005- the present time JSC “MRSK of Center” member of the Audit Committee 2006- the present time JSC “MRSK of North Caucasus” member of the Audit Committee 2008 JSC “MRSK of the North-West” member of the Audit Committee 2006- the present time JSC “MRSK of the Urals” member of the Audit Committee 2005- the present time JSC “MRSK of Siberia” member of the Audit Committee 2005 JSC “Altayenergo” member of the Audit Committee 2007 JSC “Arkhenergo” member of the Audit Committee 2005-2008 JSC “Astrakhanenergo” member of the Audit Committee 2005-2006 CJSC “Bryanskenergo” member of the Audit Committee 2005-2006 JSC “Gagenergo” member of the Audit Committee 2005-2008 JSC “Volzhskaya MRK” member of the Audit Committee 2006 JSC “Dagestan energy distribution company” member of the Audit Committee 2007- the present time

JSC “Karelenergo” member of the Audit Committee 2005 JSC “Kirovenergo” JSC member of the Audit Committee 2005 ОАО “Kostromaenergo” member of the Audit Committee 2005 JSC “Lenenergo” member of the Audit Committee 2006 JSC “Lipetskenergo” member of the Audit Committee 2005 JSC “Marienergo” member of the Audit Committee 2005 JSC “Moscow municipal electric grid member of the Audit Committee 2005 - the present time company”

JSC “Moscow regional electric grid member of the Audit Committee 2005 - the present time company”

JSC “Moscow management electric grid member of the Audit Committee 2007 company”

JSC “Moscow heat supply company” member of the Audit Committee 2007 JSC “Mordovenergo” member of the Audit Committee 2005 JSC “Novgorodenergo” member of the Audit Committee 2005 JSC “Orenburgenergo” member of the Audit Committee 2005 JSC “Penzaenergo” member of the Audit Committee 2005 JSC “Permenergo” member of the Audit Committee 2005 JSC “Rostovenergo” member of the Audit Committee 2006 JSC “Smolenskenergo” member of the Audit Committee 2006- the present time JSC “Stavropolenergo” member of the Audit Committee 2005 JSC “Sverdlovenergo” member of the Audit Committee 2007 JSC “Tomsk distribution company” member of the Audit Committee 2006- the present time JSC “Tambovenergo” member of the Audit Committee 2005 JSC “Tverenergo” member of the Audit Committee 2005 JSC “Tulaenergo” member of the Audit Committee 2005 JSC “Udmurtenergo” member of the Audit Committee 2005 JSC “Chelyabenergo” member of the Audit Committee 2005-2006 JSC “Chuvashenergo” member of the Audit Committee 2005 JSC “Yarenergo” member of the Audit Committee 2005-2006 JSC “Yantarenergo” member of the Audit Committee 2006- the present time JSC “Amurskaya backbone grid company” member of the Audit Committee 2006-2008 JSC “Arkhangelsk backbone grid company” member of the Audit Committee 2005-2008 JSC “Astrakhan backbone grids” member of the Audit Committee 2004-2008 JSC “Bryansk backbone grid company” member of the Audit Committee 2005-2008 JSC “Belgorod backbone grid company” member of the Audit Committee 2007 JSC “Buryatskiye backbone grids” member of the Audit Committee 2005-2008 JSC “Vologda backbone grids” member of the Audit Committee 2005-2008 JSC “Voronezh backbone grid company” member of the Audit Committee 2004 JSC “Vladimir backbone grid company” member of the Audit Committee 2006-2008 JSC “Dagestan backbone grids” member of the Audit Committee 2004-2008 JSC “Ivanovo backbone grids” member of the Audit Committee 2005-2008 JSC “Kirov backbone electric grids” member of the Audit Committee 2005 JSC “Kolskiye backbone grids” member of the Audit Committee 2005-2008 JSC “Krasnoyarsk backbone grids” member of the Audit Committee 2007 JSC “Kostroma backbone grids” member of the Audit Committee 2005 -2008 JSC “Kursk backbone grids” member of the Audit Committee 2006-2008 JSC “Kuban backbone grids” member of the Audit Committee 2006- the present time JSC “Lipetsk backbone grids” member of the Audit Committee 2004 JSC “Backbone grid company” member of the Audit Committee 2005-2008 JSC “Mariyskiye backbone grids” member of the Audit Committee 2005 -2008 JSC “Mordovian backbone grid company” member of the Audit Committee 2004-2008 JSC “Backbone grid company Rostovenergo” member of the Audit Committee 2006-2008 JSC “Backbone electric grid of Komi member of the Audit Committee 2006-2008 Republic”

JSC “Nizhegorodskaya backbone grid member of the Audit Committee 2007 company”

JSC “Omsk backbone grid company” member of the Audit Committee 2005 JSC “Orenburg backbone electric grids” member of the Audit Committee 2005-2008 JSC “Penza backbone grid company” member of the Audit Committee 2005, 2007 JSC “Perm backbone grid company” member of the Audit Committee 2004, 2007 JSC “Peterburzhskiye backbone grids” member of the Audit Committee 2006-2008 JSC “Primorskaya backbone grid company” member of the Audit Committee 2006-2008 JSC “Ryazan backbone grids” member of the Audit Committee 2007 JSC “Smolensk backbone electric grids” member of the Audit Committee 2006-2008 JSC “Sverdlovsk backbone grids” member of the Audit Committee 2007 JSC “Tomsk backbone grids” member of the Audit Committee 2006-2008 JSC “Tambov backbone grid company” member of the Audit Committee 2004, 2007 JSC “Tver backbone grids” member of the Audit Committee 2004-2008 JSC “Tula backbone grid company” member of the Audit Committee 2005-2008 JSC “Tyumen backbone grid company” member of the Audit Committee 2005 JSC “Udmurtskiye backbone grids” member of the Audit Committee 2005 JSC “Khakkasskaya backbone company” member of the Audit Committee 2005, 2007 JSC “Chelyabinsk backbone grids” member of the Audit Committee 2005-2008 JSC “Chita backbone grids” member of the Audit Committee 2005-2008 JSC “Chuvashskiye backbone grids” member of the Audit Committee 2005-2006 JSC “Yaroslavl backbone grids” member of the Audit Committee 2005-2008 JSC “Yakutsk backbone grid company” member of the Audit Committee 2006-2008 JSC “MMSK “North-West” member of the Audit Committee 2005 JSC “MMSK “Volga” member of the Audit Committee 2005 JSC “MMSK “East” member of the Audit Committee 2005 JSC “MMSK “Ural” member of the Audit Committee 2005 JSC “MMSK “Siberia” member of the Audit Committee 2005 JSC “MMSK “South” member of the Audit Committee 2005 JSC “BNIIE” member of the Audit Committee 2005 JSC “NIIPT” member of the Audit Committee 2005-2006 JSC “ROSEP” member of the Audit Committee 2005 JSC “Eastern energy company” member of the Audit Committee 2007- the present time JSC “Dalenergosetproject” member of the Audit Committee 2007- the present time CJSC “Inter RAO UES” member of the Audit Committee 2006- the present time JSC “NTC of Electric power industry” member of the Audit Committee 2006- the present time JSC “Sangtudinskaya GES-1” member of the Audit Committee 2007 JSC “CIUS UES” member of the Audit Committee 2008 JSC “Energostroycomplect of UES” member of the Audit Committee 2006-the present time JSC “Electrosetservice of UES” member of the Audit Committee 2008 Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital of the issuer which is a commercial organization; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock of the issuer and Number of shares of the issuer of every category (type) available for purchasing in the result of the mentioned person option right effectuation: 0% Interest held by the present member forming the control body over financial and economic activity of the issuer in the authorized capital subsidiary/affiliated companies of the issuer; and for the issuers which are joint stock companies – also interest held by the mentioned person in the ordinary stock subsidiary/affiliated companies of the issuer and Number of shares subsidiary/affiliated companies of the issuer of every category (type) available for purchasing in the result of the mentioned person effectuation of option right of subsidiary/affiliated companies of the issuer: 0% Affinity of the present member forming the control body over financial and economic activity of the issuer with other members forming the control body over financial and economic activity of the issuer, members of the Board of Directors (Supervisory Committee) of the issuer, members of collegial executive body of the issuer, the person carrying out functions as the sole executive body of the issuer: none Information about administrative or criminal (record of conviction) actions brought against the present member forming the control body over financial and economic activity of the issuer for offence of financial, tax and levies or securities market laws or offence in the area of economic activity or crime against the government: none Information about an office held by the present member forming the control body over financial and economic activity of the issuer in the management bodies of commercial organizations for the period when a matter of bankruptcy was initiated in respect of the mentioned organizations and/or one of bankruptcy procedures was introduced as provided for by the bankruptcy law of the Russian Federation: none 6.6. Information about remuneration, benefits and/or compensation of expenses for the Control body over financial and economic activity of the issuer Amount of income of all the members of the Audit Committee in 2007.: RUR 3,879,836.42. Including: Salary: RUR 2,768,375.92. Bonuses: RUR 744,231.00. Commissions: none Benefits: none Other property granting: RUR 367,229.50. There are no agreements on payments in 2008 as of the date of the Prospectus of issue of securities. 6.7. Information about headcount and summary information about education and labor mix of the issuer as well as changes in headcount of the issuer Staff on the payroll of the Issuer as well as amount of salary to social security for the last 5 complete financial years: Item description 2003 2004 2005 2006 2007 Average number of employees, person 9,568 10,174 11,765 18,338 21,034 Share of the issuer employees with higher 66.8 47.9 44.3 45.0 48.0 professional education, % Cash amounts used for payroll, 1,562,246.0 1,866,209.0 3,075,689.2 5,371,313.5 7,035,387.8 RUR ths Cash amounts used for social security, 26,992.0 138,780.0 51,739.8 61,041.8 124,538.5 RUR ths Total cash amount used, RUR ths 1,589,238.0 2,004,989.0 3,127,429.0 5,432,355.3 7,159,926.3 Average number of employees had changed significantly due to the fact that within the framework of the electric power industry restructuring activity a lot of assets related to the Unified national electric network are transferred under maintenance servicing by the Issuer. Due to this the amount of employees maintaining the assets transferred had increased. These changes do not imply changes in financial and economic activity of the Issuer. The Issuer’s labor mix includes employees who significantly impact the financial and economic activity of the Issuer (key employees). Information about such employees is presented in para 6.2. The Issuer’s employees have not established a trade union authority. 6.8. Information about any employees’ commitment of the Issuer related to their ability of participating in the authorized (reserve) capital (unit fund) of the Issuer There are no agreements or commitments of the Issuer related to its employees ability of participating in the authorized capital. The Issuer’s options were not provided to the employees of the Issuer; there is no an opportunity to provide the Issuer’s options. VII. Information about the issuer’s participants (shareholders) and about related party transactions executed by the issuer 7.1. Information about total number of shareholders (participants) of the Issuer The total number of persons registered in the register of the Issuer shareholders as of the date of approval of the Prospectus of issue of securities: 423,294 Total amount of nominee holders of shares of the issuer: 79. 7.2. Information about participants (shareholders) of the Issuer having not less than 5 per cent of its charter (reserve) capital (share fund) or not less than 5 per cent of its ordinary shares, as well as information about participants (shareholders) of such entities having not less than 20 per cent of its charter (reserve) capital (share fund) or not less than 20 per cent of their ordinary shares Information about shareholders of the Issuer having not less than 5 per cent of its authorized capital or not less than 5 per cent of its ordinary shares:

Russian Federation represented by the Federal Agency Full and abbreviated trade name of federal property management (Rosimuschestvo) Tax payer ID number 7710542402 Location 9, Nikolskiy pereulok, Moscow 103685 Interest in the Issuer authorized capital 77.66%; Percentage of the Issuer ordinary shares owned 77.66%;

The Issuer shares amounting not less than 5 per cent of the Authorized capital and not less than 5 per cent of ordinary stock are registered in the register of shareholders of the Issuer for a nominee holder. Information about the nominee holder of stock: 1. Full and abbreviated trade name of the nominee holder of the stock: Limited Liability Company “Depositary and corporate technologies”, (LLC DCT) nominee holder; Location: 17, building 1, Ramenki street, Moscow 119607; Telephone: (495) 641-30-31; 641-30-32; 641-30-33; Fax: (495) 641-30-31; E-mail address: [email protected]; Number, date of issue, period of validity of the license of professional participant of securities market, authority that issued such license: No 077-08381-000100, issued by the Federal Service of Financial Markets of Russia 21.04.2005, valid through 21.04.2008; Amount of ordinary shares of the Issuer registered in the register of the shareholders for the nominee holder of stock: 7.1375 %. 2. Full and abbreviated trade name of the nominee holder of the stock: Closed joint stock company “Depositary and clearing company”, (CJSC DCc) nominee holder Location: 13, 1st Tverskaya-Yamskaya street, Moscow, 125047 Telephone: (495) 956-09-99 Fax: (495) 232-68-04 E-mail address: [email protected]; Number, date of issue, period of validity of the license of professional participant of securities market, authority that issued such license: No 177-06236-000100, issued by the Federal Service of Financial Markets of Russia 09.10.2002, for an indefinite term; Amount of ordinary shares of the Issuer registered in the register of the shareholders for the nominee holder of stock: 6.4870 %. 7.3. Information about participation of the state or municipal formation in the charter (reserve) capital (share fund) of the Issuer, special right (“golden share”) The Russian Federation participates in the Authorized capital of the Issuer. Information about the state participation in the Authorized capital of the Issuer and special rights: Amount of the Issuer Authorized capital owned by the state: 77.66%; Name, location of the government stake manager as well as an entity that functions as the Issuer shareholder on behalf of the Russian Federation: the Federal Agency on the federal property management (Rosimuschestvo), 9, Nikolski pereulok, Moscow 103685; Special right for the Russian Federation, constituents of the Russian Federation, municipal formations to participate in management of the Issuer – the joint stock company (“golden share”): none. 7.4. Information about limitations to participate in the charter (reserve) capital (share fund) of the Issuer The Issuer Articles of Association do not stipulate for limitations of the stock amount to be owned by one shareholder and/or their integrated nominal value and/or maximum number of votes granted for a shareholder. Legislation of the Russian Federation or other normative legal acts of the Russian Federation do not stipulate for limitations on participation of foreign entities in the authorized capital of the issuer. Other limitations related to participation in the authorized capital of the Issuer: in accordance with the requirements of the Federal Law dated 26.03.2003 No 36-FZ “On specific features of power generation industry in the period of transition; and on amendments to some legislative acts of the Russian Federation and nullifying of some legislative acts of the Russian Federation due to adoption of the Federal Law «On Electric Power Industry» carve-out of shares of the Issuer is not allowed till participation of the Russian Federation in the Authorized capital of the Issuer in the amount not less than 52% is secured. In the next period the Russian Federation is increasing its participation in the Authorized capital of the management organization of the Unified national (all-Russia) electric grid up to not less than 75% plus one voting share by means stipulated by the legislation of the Russian Federation. 7.5. Information about changes in membership and amount of participation of shareholders (participants) of the Issuer owning not less than 5 per cent of its charter (reserve) capital (share fund) or not less than 5 per cent its ordinary stock Shareholders of the issuer having not less than 5 per cent of the Issuer authorized capital and not less than 5 per cent of ordinary stock of the Issuer as of the date of settling a list of persons having the right to participate in every general meeting of shareholders of the Issuer held during 5 last complete financial years: In 2002 – 2006 the Issuer had the only shareholder – Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia, location: 101, building 3, Vernadskogo prospect, Moscow 119526. In the result of offering of additional shares issued (the state registration number 1-01-65018-D-001D dated 20.03.2007) there was the second shareholder – the Russian Federation represented by the Federal Agency on the federal property management (Rosimuschestvo). Dates of settling a list of persons having right to participate in a general 29.05.2007 30.06.2007 26.10.2007 05.02.2008 15.05.2008 meeting of shareholders of the Issuer Shareholders of the issuer having not less than 5 per cent of the Issuer authorized capital and not less than 5 per cent of ordinary stock of the Issuer: Full and abbreviated trade Russian open joint stock company of electric power industry and electrification UES 1 names (name), location of Russia, JSC RAO UES of Russia Interest in the Issuer authorized capital and 87.56% 87.56% 89.81% 89.82% 83.87% percentage of the Issuer (87.56%) (87.56%) (89.81%) (89.82%) (83.87%) ordinary shares owned Full and abbreviated trade Russian Federation represented by the Federal Agency of federal property names (name), location management (Rosimuschestvo)

2 Interest in the Issuer authorized capital and 12.44% 12.44% 10.19% 10.18% 16.13% percentage of the Issuer (12.44%) (12.44%) (10.19%) (10.18%) (16.13%) ordinary shares owned 7.6. Information about related-party transactions executed by the Issuer Information about number and value in terms of money of transactions executed by the Issuer that in accordance with the legislation of the Russian Federation are considered related-party transactions required approval of authorized management body of the Issuer, based on the results of each completed financial year for 5 last complete financial years:

Description 2003 2004 2005 2006 2007 Total number and total amount of related party transactions executed by the issuer in 5 transaction the reporting period and that required - - - - RUR 49,029,500,00 approval of authorized management body 0 of the issuer, shares/ RUR ths. Total number and total amount of related party transactions executed by the issuer in 5 transaction the reporting period and that were - - - - RUR 49,029,500,00 approved by the general meeting of 0 shareholders of the issuer, shares/ RUR ths. Total number and total amount of related party transactions executed by the issuer in the reporting period and that were - - - - 0 approved by the board of directors of the issuer, shares/ RUR ths. Total number and total amount of related party transactions executed by the issuer in the reporting period and that required - - - - 0 approval but that were rejected by authorized management body of the issuer, shares/ RUR ths.

Information about each transaction (a group of interrelated transactions) with price amounts to 5 and more per cent of book value of the Issuer assets as determined based on its accounting reports as of the last reporting date prior to the transaction executed by the Issuer for 5 last completed financial years as well as for the period prior to the date of approval of the Prospectus of issue of securities: 1. Purchase and sale agreement No 79-37/KP-31 dated 30 August 2007 Parties to the transaction: JSC RAO UES of Russia (the Purchaser), JSC FGC UES (the Seller); Entity interested in the transaction: Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia; Ground of recognizing such entity as a related party to the transaction: JSC RAO UES of Russia has the authority to dispose over 20% of voting stock of JSC FGC UES. Subject of the transaction: JSC FGC UES undertakes to transfer into the ownership of JSC RAO UES of Russia 9,351,212,014 (nine billion three hundred fifty one million two hundred twelve thousand fourteen) ordinary registered uncertified shares of JSC FGC UES placed by private offering at the offering price of RUR 0.59 (fifty nine hundredth) each. JSC RAO UES of Russia undertakes to transfer to JSC FGC UES ordinary registered uncertified stock of backbone grid companies (MSKs) as payment for JSC FGC UES stock of additional issue). Price of the transaction: RUR 5,517,215,088.56 (five billion five hundred seventeen million two hundred fifteen thousand eighty eight) and 56 kopeks (2.23% of net book value of the assets of JSC FGC UES as of 30.06.2007). Ordinary registered uncertified stock transferred under the transaction amount to 2.226% of ordinary registered uncertified stock previously placed by JSC FGC UES. Maturity date under the transaction: before the end of the period of offering of stock of additional issue (17.03.2008). Information about performance of the mentioned obligations: Obligations under the transaction were fulfilled by the parties in full. 2. Purchase and sale agreement No 79-37/KP-32 dated 30 August 2007. Parties to the transaction: JSC RAO UES of Russia (the Purchaser), JSC FGC UES (the Seller); Entity interested in the transaction: Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia; Ground of recognizing such entity as a related party to the transaction: JSC RAO UES of Russia has the authority to dispose over 20% of voting stock of JSC FGC UES. Subject of the transaction: JSC FGC UES undertakes to transfer into the ownership of JSC RAO UES of Russia 5,088,677,966 (five billion eighty eight million six hundred seventy seven thousand nine hundred sixty six) ordinary registered uncertified shares of JSC FGC UES placed by private offering at the offering price of RUR 0.59 (fifty nine hundredth) each. JSC RAO UES of Russia undertakes to transfer to JSC FGC UES ordinary registered uncertified stock of Open Joint Stock Company Scientific and technical center of electric power industry in the amount of 29,075,176 (twenty nine million, seventy five thousand one hundred seventy six) shares with nominal value of RUR 0.50 each as payment for JSC FGC UES stock of additional issue. Price of the transaction: RUR 3,002,320,000 (three billion two million three hundred twenty thousand) (1.211% of net book value of the assets of JSC FGC UES as of 30.06.2007). Ordinary registered uncertified stock transferred under the transaction amount to 1.41% of ordinary registered uncertified stock previously placed by JSC FGC UES. Maturity date under the transaction: before the end of the period of offering of stock of additional issue (17.03.2008). Information about performance of the mentioned obligations: Obligations under the transaction were fulfilled by the parties in full. 3. Purchase and sale agreement No 79-37/KP-33 dated 30 August 2007. Parties to the transaction: JSC RAO UES of Russia (the Purchaser), JSC FGC UES (the Seller); Entity interested in the transaction: Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia; Ground of recognizing such entity as a related party to the transaction: JSC RAO UES of Russia has the authority to dispose over 20% of voting stock of JSC FGC UES. Subject of the transaction: JSC FGC UES undertakes to transfer into the ownership of JSC RAO UES of Russia 1,293,605,338 (one billion two hundred ninety three million six hundred five thousand three hundred thirty eight) ordinary registered uncertified shares of JSC FGC UES placed by private offering at the offering price of RUR 0.59 (fifty nine hundredth) each. JSC RAO UES of Russia undertakes to transfer to JSC FGC UES ordinary registered stock of JSC OES “GruzRosenergo in the amount of 11,500 (eleven thousand five hundred) with nominal value of Lari 10,000 (ten thousand) each as payment for JSC FGC UES stock of additional issue. Price of the transaction: RUR 763,227,150 (seven hundred sixty three million two hundred twenty seven thousand one hundred fifty) (0.308% of net book value of the assets of JSC FGC UES as of 30.06.2007). Ordinary registered uncertified stock transferred under the transaction amount to 0.36% of ordinary registered uncertified stock previously placed by JSC FGC UES. Maturity date under the transaction: before the end of the period of offering of stock of additional issue (17.03.2008). Information about performance of the mentioned obligations: Obligations under the transaction were fulfilled by the parties in full. 4. Purchase and sale agreement No 79-37/KP-40 dated 03 September 2007. Parties to the transaction: JSC RAO UES of Russia (the Purchaser), JSC FGC UES (the Seller); Entity interested in the transaction: Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia; Ground of recognizing such entity as a related party to the transaction: JSC RAO UES of Russia has the authority to dispose over 20% of voting stock of JSC FGC UES. Subject of the transaction: JSC FGC UES undertakes to transfer into the ownership of JSC RAO UES of Russia 64,099,556,711 (sixty four billion ninety nine million five hundred fifty six thousand seven hundred eleven) ordinary registered uncertified shares of JSC FGC UES placed by private offering at the offering price of RUR 0.59 (fifty nine hundredth) each. JSC RAO UES of Russia undertakes to pay for the shares of additional issue not later than the end of placement period of the stock. Price of the transaction: RUR 37,818,738,459.49 (thirty seven billion eight hundred eighteen million seven hundred thirty eight thousand four hundred fifty nine) and 49 kopeks (15.265% of net book value of the assets of JSC FGC UES as of 30.06.2007). Ordinary registered uncertified stock transferred under the transaction amount to 17.74% of ordinary registered uncertified stock previously placed by JSC FGC UES. Maturity date under the transaction: before the end of the period of offering of stock of additional issue (17.03.2008). Information about performance of the mentioned obligations: Obligations under the transaction were fulfilled by the parties in full. 5. Purchase and sale agreement No 79-37/KP-44 dated 26 November 2007. Parties to the transaction: JSC RAO UES of Russia (the Purchaser), JSC FGC UES (the Seller); Entity interested in the transaction: Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia; Ground of recognizing such entity as a related party to the transaction: JSC RAO UES of Russia has the authority to dispose over 20% of voting stock of JSC FGC UES. Subject of the transaction: JSC FGC UES undertakes to transfer into the ownership of JSC RAO UES of Russia 3,267,795,427 (three billion two hundred sixty seven million seven hundred ninety five thousand four hundred twenty seven) ordinary registered uncertified shares of JSC FGC UES placed by private offering at the offering price of RUR 0.59 (fifty nine hundredth) each. JSC RAO UES of Russia undertakes to pay for the shares of additional issue not later than the end of placement period of the stock. Price of the transaction: RUR 1,927,999,301.93 (one billion nine hundred twenty seven million nine hundred ninety nine thousand three hundred one) and 93 kopeks (0.778% of net book value of the assets of JSC FGC UES as of 30.06.2007). Ordinary registered uncertified stock transferred under the transaction amount to 0.90% of ordinary registered uncertified stock previously placed by JSC FGC UES. Maturity date under the transaction: before the end of the period of offering of stock of additional issue (17.03.2008). Information about performance of the mentioned obligations: Obligations under the transaction were fulfilled by the parties in full. The abovementioned transactions (related party transactions) were endorsed prior to their execution by the General meeting of shareholders of the Company held on July 20, 2007 (Minutes No 2, Item No 1) as related party transactions. Total price of the transactions (related party transactions) amounted to RUR 49,029,499,999.98 (forty billion twenty nine million four hundred ninety nine thousand nine hundred ninety nine) and 98 kopeks (19.79% of net book value of the assets of JSC FGC UES as of 30.06.2007). Ordinary registered uncertified stock transferred under these transactions (related party transactions) amount to 23.00% of ordinary registered uncertified stock previously placed by JSC FGC UES. Transactions were approved by 100% of votes of persons participated in the extraordinary General meeting of shareholders of the Company uninterested in the transactions. Information about each of the related party transactions (group of interrelated transactions) requiring endorsement but was not endorsed by an authorized management body of the Issuer (resolution on endorsement of such a transaction by the Board of Directors (Supervisory Council) or General meeting of participants (shareholders) of the Issuer was not made in cases when such endorsement had been obligatory in accordance with the legislation of the Russian Federation): there were no such transactions. 7.7. Information about the amount of accounts receivable Information about total amount of accounts receivable of the Issuer with separate indication of total amount of overdue accounts receivable for 5 last complete financial years:

Item 2003 2004 2005 2006 2007 Total amount of accounts receivable, RUR ths. 3,539,201 6,669,958 10,094,982 22,013,247 42,873,024 Total amount of overdue accounts receivable, RUR ths. 966,093 - - - -

Structure of accounts receivable of the Issuer with indication of maturity period for 2007:

Maturity period Type of accounts receivable Less than one year Over one year Trade accounts receivable, RUR ths. 1,683,081 – including overdue, RUR ths. - Х Promissory notes receivable, RUR ths. - – including overdue, RUR ths. - Х Contributions receivable to authorized capital from participants - – (founders), RUR ths. including overdue, RUR ths. - Х Advance payments issued, RUR ths. 22,635,275 – including overdue, RUR ths. - Х Other accounts receivable, RUR ths. 17,949,309 605,359 including overdue, RUR ths. - Х Total RUR ths. 42,267,665 605,359 including overdue, RUR ths. Х Within the Issuer accounts receivable for 5 last completed financial years there are debtors accounting for not less than 10 per cent of total amount of the accounts receivable: In 2003: Full and abbreviated trade names, location: Russian open joint stock company of electric power industry and electrification UES of Russia, JSC RAO UES of Russia, the city of Moscow; Amount of accounts receivable: RUR 966,092,925.8; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are overdue (in the amount of RUR 966,092,925.8), no penalties were charged; The debtor is an affiliated company in relation to the Issuer. Interest held by the Issuer in the authorized capital of the affiliated company – commercial organization: none; Percentage of ordinary stock of the affiliated company owned by the Issuer: none; Interest held by the affiliated company in the authorized capital of the Issuer (as of the end of 2003): 100%; Percentage of ordinary stock of the Issuer owned by the affiliated company (as of the end of 2003): 100%. Full and abbreviated trade names, location: Open joint stock company Energostroysnabkomplekt of UES, JSC Energostroysnabkomplekt of UES, the city of Moscow; Amount of accounts receivable: RUR 790,747,000.0; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is an affiliated company in relation to the Issuer. Interest held by the Issuer in the authorized capital of the affiliated company – commercial organization: none; Percentage of ordinary stock of the affiliated company owned by the Issuer: none; Interest held by the affiliated company in the authorized capital of the Issuer (as of the end of 2003): none; Percentage of ordinary stock of the Issuer owned by the affiliated company (as of the end of 2003): none. In 2004: Full and abbreviated trade names, location: Open joint stock company Sevzapelektrosetstroy, JSC Sevzapelektrosetstroy, St. Petersburg; Amount of accounts receivable: RUR 1,248,045,662.5; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is not an affiliated company in relation to the Issuer. In 2005: Full and abbreviated trade names, location: Open joint stock company Sevzapelektrosetstroy, JSC Sevzapelektrosetstroy, St. Petersburg; Amount of accounts receivable: RUR 1,049,003,323.1; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is not an affiliated company in relation to the Issuer. Full and abbreviated trade names, location: Federal state unitary enterprise Svyazstroy, FGUP Svyazstroy, the city of Moscow; Amount of accounts receivable: RUR 1,618,013,270.5; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is not an affiliated company in relation to the Issuer. Full and abbreviated trade names, location: Open joint stock company Nurenergo, Grozny; Amount of accounts receivable: RUR 1,084,907,000.0; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is an affiliated company in relation to the Issuer. Interest held by the Issuer in the authorized capital of the affiliated company – commercial organization: 77%; Percentage of ordinary stock of the affiliated company owned by the Issuer: 77%; Interest held by the affiliated company in the authorized capital of the Issuer (as of the end of 2003): none; Percentage of ordinary stock of the Issuer owned by the affiliated company (as of the end of 2003): none. In 2006: Full and abbreviated trade names, location: Open joint stock company Sevzapelektrosetstroy, JSC Sevzapelektrosetstroy, St. Petersburg; Amount of accounts receivable: RUR 2,645,553,370.3; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is not an affiliated company in relation to the Issuer. Full and abbreviated trade names, location: Limited liability company Engineering Center Energo, LLC Engineering Center Energo, the city of Moscow; Amount of accounts receivable: RUR 2,539,691,038.9; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue; The debtor is not an affiliated company in relation to the Issuer. In 2007: Full and abbreviated trade names, location: Open joint stock company “Peterburgskiye backbone grids”, JSC “ Peterburgskiye backbone grids”, St. Petersburg; Amount of accounts receivable: RUR 4,732,347,000.0; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue, penalties and fines were not applied; The debtor is an affiliated company in relation to the Issuer. Interest held by the Issuer in the authorized capital of the affiliated company – commercial organization: 49.00%; Percentage of ordinary stock of the affiliated company owned by the Issuer: 57.40%; Interest held by the affiliated company in the authorized capital of the Issuer: none; Percentage of ordinary stock of the Issuer owned by the affiliated company: none. Structure of accounts receivable of the Issuer with indication of maturity as of the end of Q2 2008:

Maturity period Type of accounts receivable Less than one year Over one year Trade accounts receivable, RUR ths. 3,390,409.00 0.00 including overdue, RUR ths. 5,382.00 0.00 Promissory notes receivable, RUR ths. 0.00 0.00 including overdue, RUR ths. 0.00 0.00 Contributions receivable to authorized capital from participants 0.00 0.00 (founders), RUR ths. including overdue, RUR ths. 0.00 0.00 Advance payments issued, RUR ths. 29,856,493.00 0.00 including overdue, RUR ths. 5,120.00 0.00 Other accounts receivable, RUR ths. 20,052,811.00 586,013.00 including overdue, RUR ths. 4,081.00 0.00 Total RUR ths. 53,299,713.00 586,013.00 including overdue, RUR ths. 14,583.00 0.00 Within the Issuer accounts receivable for 5 last completed financial years there are debtors accounting for not less than 10 per cent of total amount of the accounts receivable: 1. Full and abbreviated trade names, location: Limited liability company Engineering Center Energo, LLC Engineering Center Energo, the city of Moscow; Amount of accounts receivable: RUR 278,974,000; Amount and terms of overdue accounts receivable (interest rate, penalties, and fines): the accounts receivable are not overdue, penalties and fines are not applied; The debtor is not an affiliated company in relation to the Issuer. VIII. Accounting reports of the Issuer and other financial information 8.1. Annual accounting reports of the issuer Composition of annual accounting reports of the Issuer attached to the Prospectus of issue of securities: а) annual accounting reports of the Issuer for 2005, 2006 and 2007 prepared in accordance with the legislation of the Russian Federation, with the attached audit opinion in respect of the mentioned reports: • accounting balance sheet; • profit and loss account; • statements on changes in equity; • cash flow statement; • attachments to the accounting balance sheet; • explanatory note to the accounting reports. b) The Issuer did not prepare accounting reports in accordance with the International accounting standards for 2005, 2006 and 2007 8.2. Quarter accounting reports of the Issuer for the last completed reporting quarter a) quarter accounting reports of the Issuer for 6 months of 2008 prepared in accordance with the legislation of the Russian Federation: • accounting balance sheet; • profit and loss account. b) the Issuer has no quarter accounting reports prepared in accordance with the International accounting standards or in accordance with the Generally accepted accounting principles in the United States of America. Neither audit procedures were completed no audit opinion was expressed by the auditor of the annual 2007 accounting reports of the company on reliability of the accounting reports of the Issuer for 6 months of 2008 attached to the present Prospectus of issue of securities. 8.3. Consolidated financial statements of the Issuer prepared for the 3 last completed financial years or for each completed financial year Composition of consolidated financial statements of the Issuer attached to the Prospectus of issue of securities: a) consolidated financial statements of the Issuer prepared in accordance with the legislation of the Russian Federation: in accordance with the order of the Ministry of finance of the Russian Federation dated 30.12.1996 No 112 “On methodological recommendations for preparing and submitting consolidated financial statements”: The Issuer is not obliged to prepare consolidated financial statements based on the following: • consolidated financial statements of the Company are prepared in accordance with the International accounting standards (IAS) developed by the International accounting standards committee; • the issuer ensured reliability if the consolidated financial statements prepared in accordance with the IAS; • explanatory note to the consolidated financial statements contains a list of applied requirements to financial statements, discloses accounting methods used including estimates that differ from the rules stipulated by the normative acts and methodological guidelines on accounting of the Ministry of finance of the Russian Federation; b) consolidated financial statements for 2005, 2006 and 2007 prepared in accordance with the International accounting standards with the attached audit opinion in respect of the mentioned financial statements: • accounting balance sheet; • profit and loss account; • cash flow statement; • statements on changes in equity; • explanatory note to the financial statements. 8.4. Information about accounting policy of the Issuer Information about the Issuer accounting policy for 2005, 2006 and 2007, 2008 is presented in the attachment to the Prospectus of issue of securities. 8.5. Information about total amount of export and also about percentage of export in total sales volume The Issuer does not export products (goods, works, and services). 8.6. Information about the Issuer capital assets and significant changes in capital assets of the Issuer after the end date of the last completed financial year Total value of capital assets and accumulated depreciation as of the end date of the last competed financial year and the last completed reporting period prior to approval of the Prospectus of securities issue: As of 31 December 2007 (RUR, ths.):

Historical cost Group Depreciation Depreciated cost (considering revaluation)

Buildings 9,439,615 2,315,552 7,124,063 Constructions 17,974,943 5,325,345 12,649,598 Transmission facilities 103,505,145 49,537,376 53,967,769 Plots of land 5,646 0.0 5,646 TOTAL 130,925,350 57,178,274 73,747,076 Total value of capital assets and accumulated depreciation of the Company as of 30 June 2008 (RUR ths.):

Historical cost Group Depreciation Depreciated cost (considering revaluation)

Buildings 11,115,586 2,849,872 8,265,713 Constructions 18,776,683 6,437,273 12,339,410 Transmission facilities 109,676,308 55,775,145 53,901,163 Plots of land 5,646 0.00 5,646 TOTAL 139,574,223 65,062,290 74,511,933 Information about significant changes in capital assets of the Issuer during 12 months prior to the date of approval of the Prospectus of issue of securities: Due to restructuring of JSC FGC UES in the form of the following companies merge-in: JSC RAO UES or Russia, JSC State Holding, JSC Minority Holding of FGC UES, MSKs, MMSKs the following changes took place within capital assets: on 01.07.2008 JSC FGC UES received the following capital assets in accordance with transfer acts of the merged companies: (RUR ths.)

Historical cost Group Depreciation Depreciated cost (considering revaluation)

Buildings 10,135,052 2,789,536 7,345,516 Constructions 124,764,650 60,196,090 64,568,560 Plots of land 20,622 0.00 20,622 TOTAL 134,920,324 62,985,626 71,934,698 Summary description of capital assets: assets related to the Unified national (all-Russian) electric grid. Reason of changing: restructuring of the Issuer in the form of merge-in. Information about appraiser engaged for evaluation of capital assets: an appraiser was not engaged. Purchase price of capital assets: purchase price is not indicated due to the fact that the capital assets were received in the result of restructuring in the form of merge-in. There were no other changes within the structure of capital assets significant for the issuer, after the end of 2007 prior to approval of the Prospectus of issue of securities. 8.7. Information about participation of the Issuer in law suits in vase of such participation can have significant impacts of financial and economic activity of the Issuer The issuer participates in a law suit under action filed by Company “Sun flake Limited” (offshore) that is the only participant of LLC “Transneftservice S” against JSC RAO UES of Russia, LLC “Transneftservice S” and JSC “CMD” on nullity of the contract on purchase and sale of registered ordinary uncertified shares of JSC “Nizhegorodskaya distribution company” dated 22.05.2007 No KP- 003/1v, concluded between JSC RAO UES of Russian and LLC “Transneftservice S” claiming to apply consequences of invalidity of legal transaction: 1. return by JSC RAO UES of Russia to LLC “Transneftservice S” monetary asssets in the amount of RUR 2,050,000,000; 2. return by LLC “Transneftservice S” to JSC RAO UES of Russia stock of JSC “Nizhegorodskaya distribution company” in the amount of 2,441,628 shares; 3. oblige JSC “CMD” to write off the stock from personal account of LLC “Transneftservice S” and credit them to the personal account of JSC RAO UES of Russia. In case of settlement of the claim there is a risk of losses resulted from the difference in market value of shares of JSC “Nizhegorodskaya distribution company”. IX. Detailed information about procedure and terms of securities offering 9.1. Information about securities offered 9.1.1. General information Class, category (type) of securities: shares Shares category: ordinary The securities are not convertible Form of securities: Registered uncertified Par value of each security of the issue (the additional issue) (RUR). Availability of par value of securities is stipulated by the legislation of the Russian Federation. RUR 0.5 Number of securities of the issue (the additional issue) (shares): 146,500,000,000 Volume of securities issue at par value: RUR 73,250,000,000 Information about a person maintaining the register of the issuer securities owners is disclosed in para 10.6 of the Prospectus of issue of securities. Rights of an owner of each security of the issue In accordance with para 6.2 of the Articles of Association of Open joint stock company “Federal grid company of the Unified energy system” (hereinafter also referred to as “JSC FGC UES”, “the Company” or “the Issuer”): Shareholders – owners of ordinary registered stock of the Company have the right to: 1. Participate in person or by proxy in a General meeting of shareholders of the Company with voting right for all the issues within its authority; 2. Propose to the agenda of a general meeting in accordance with the procedure provided for by the effective legislation of the Russian Federation and the present Articles of Association; 3. Receive information about the Company operations and survey documents of the Company in accordance with Article 91 of the Federal Law “On joint stock companies”; 4. Receive dividends declared by the Company; 5. Pre-emptive acquisition of additional shares and issued securities placed through public offering and convertible into shares in the amount in proportion to the number of owned shares of this category (type) in cases stipulated by the legislation of the Russian Federation: 6. In case of liquidation of the Company receive portion of its property; 7. Execute other rights stipulated by the legislation of the Russian Federation and the Articles of Association of the Company. Format of the securities placement – public offering Procedure for the securities placement: Procedure and terms for concluding civil law contracts (procedure and terms for submission and accepting of bids for the Bonds) in the course of securities placement: Additional shares to persons executing the pre-emptive right of purchasing stock are offered in accordance with the procedure stipulated by para 8.5 of the Resolution on the additional issue of securities and of para 9.3 of the Prospectus of issue of securities. Additional stock could be offered outside the framework of the pre-emptive right of purchasing shares through conclusion of contracts on purchasing additional shares (hereinafter referred to as “the Contract on purchasing shares”). For the purpose of concluding Contracts on stock purchasing the Issuer discloses the results of execution of the pre-emptive right of purchasing of additional stock and simultaneously publishes in news release of the informational agency “Interfax” and on Web-site www.fsk-ees.ru an invitation to submit offers for purchasing additional shares addressed to undefined set of people. Starting from the date of publication of an invitation to submit offers on purchasing of additional stock and during the whole period of offering, but not later than 10 working days prior to the end-date of the offering, potential buyers of additional stock can make offers for purchasing shares by submitting written offers for purchasing of additional stock to the issuer. Offers for purchasing of additional s tock of the present additional issue should be submitted in working days from 10:00 to 18:00 Moscow time at the following address: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082, JSC “Central Moscow Depository” or sent via mail at the following address: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082, JSC “Central Moscow Depository”. Each offer should contain the following information: • Title “Offer for purchasing of shares of the Open joint stock company “Federal grid company of the Unified energy system”; • Full name / last name, first name and middle name of a potential buyer; • Taxpayer identification number of a potential buyer (if available); • Place of residence (location) of a potential buyer; • For physical persons – passport data (date and place of birth; passport series, number and date of issue; passport issuing authority); • For legal entities – information about registration of a legal entity (including for Russian legal entities – information about the state registration of a legal entity/ entry into the Unified state register of legal entities (date, registering authority, number of the respective certificate)); • Agreement of a person making an offer to purchase the shares offered in the amount determined in an offer at the offering price defined by the Board of Directors of the Issuer in accordance with the Resolution on the additional issue of securities and the Prospectus of issue of securities; • The exact number of shares that a person undertakes to purchase; • Information about the form of payment for the stock offered (monetary or non-monetary); and in case of non-monetary payment for the stock offered – the list and description of non- monetary assets contributed as payment for the shares; • Personal account number in the register of owners of registered securities of the Issuer for the purpose of transferring the stock purchased. In case when shares should be credited to the account of a nominee holder in the register of owners of registered securities of the Issuer – full trade name of a depository, information about the state registration of such depository (OGRN, the registering authority, date of the state registration and date pf the entry about the depository into the Unified state register of legal entities), custody account number of a potential buyer of the shares, number and date of depositary contract concluded between a depository and a potential buyer of the shares (in respect of the shares); • Bank details of a potential buyer for the purpose of returning monetary funds; • Contact details (mail address and fax number with indication of area code) for the purpose of sending reply on accepting an offer. In case when in accordance with the existing legislation a person submitted an offer purchases the amount of additional stock indicated in the offer in accordance with advance approval of the anti-monopoly authority, a person who submitted the offer must attached a copy of the respective approval of the anti- monopoly authority. The offer should be signed by a potential buyer (a person acting on behalf of a potential buyer by operation of law) or by a person acting on behalf of a potential buyer on the basis of power of attorney and for legal entities – have an impression of a seal (if such a seal is available). In case when the offer is signed on behalf of a potential buyer by a person acting by operation of law or on the basis of a power of attorney, a document confirming the authority of such person or notarized copy of such document should be attached to the offer. The Issuer can specify the recommended offer format. In this case the Issuer published the offer format on its Web-site www.fsk-ees.ru not later than the date of publishing the invitation to submit offers for purchasing of shares. Financial guarantee could be attached to the offer providing for payment for the shares by a person submitted the offer in case when such offer is accepted by the Issuer. The Issuer refuses to accept an offer in case when such offer was delivered to the Issuer outside the period for submitting offers stipulated by the present resolution on the additional issue of securities and such offer does not comply with the requirements provided for by the legislation of the Russian Federation, the Resolution on the additional issue of securities and the Prospectus of issue of securities. The Issuer should register the offers submitted in a special register of received offers (hereinafter referred to as “the Register”) at the day of their receipt. The Issuer accepts offers on purchasing of additional stock submitted by potential buyers of the shares at its discretion. If a resolution was made to accept offers received by the Issuer within the period stipulated by the present paragraph of the resolution on additional issue of shares and the respective requirements stipulated by para 8.3 of the present resolution on the additional issue and para 2.7 of the Prospectus of issue of securities, the Issuer should send (deliver) to a potential buyer a reply about satisfying of the offer: • within three working days from the date of the offer receipt; or • within three working days from the date of the minutes of the meeting of the authorized body of the Issuer that approved the offering of additional shares as a related party transaction and/or determined monetary valuation of assets contributed as payment for the additional stock. The offer submitted is considered as accepted if the Issuer sends (delivers) its response for satisfying the offer. A response about satisfying an offer should be delivered to a buyer in person or to its authorized representative; or should be mailed or faxed to a buyer using address or number indicated in the offer. A response about satisfying an offer should indicate the amount of shares within the number of shares specified in the offer of a potential buyer whose offer is satisfied. The date of receiving by a buyer of a response about satisfying the offer is considered to be the earliest of the following dates: a) the date of delivery of the Issuer response to a buyer in person or to its authorized representative; b) the date of sending the Issuer response to a buyer via fax to fax number specified in the offer with automatic confirmation of sending at such date; c) the date of delivery of the response of a buyer by courier (postal service) at the address specified in the offer. Contract on purchasing shares is considered as concluded at the moment when a person who sent the offer receives a response about satisfying the offer. Optional for a potential buyer a contract on purchasing of stock could be executed in written at the following address: 5A, Akademika Chelomeya street, Moscow. Additional shares in the amount specified in the satisfied offer should be paid in full by buyers within three working days prior to the end-date of the offering. Shares purchased should be paid by a buyer in accordance with conditions about the form and amount of payment specified in the offer; and in accordance with the procedure specified in para 8.6 of the present resolution. In case when monetary funds paid to the Issuer as payment for the additional shares purchased exceeds the total value of the additional shares payable for the additional stock, the excessive funds paid should be returned via non-cash monetary funds in Rubles of the Russian Federation within 3 (three) working days after expiring the terms of payment for the additional shares stipulated by the present resolution; or upon claim submitted by a buyer to return monetary funds. Monetary funds are returned using requisites specified in the offer; in case when such offer does not contain such requisites the funds are transferred using bank details indicated in a claim for monetary funds return. In case when obligation to pay for the additional shares purchased is not fulfilled by a potential buyer within the period specified above, the Issuer has the right to renounce the contract unilaterally and without legal recourse including renounce its obligations to transfer the additional shares to such buyer without any responsibility of the Issuer. In such case the Contract on purchasing the additional shares is considered terminated on the day following the day of expiring the period of payment for the additional stock as specified by the present paragraph; and the additional shares for which monetary funds were not credited to the account of the Issuer and/ or non-monetary assets were not transferred into the ownership of the Issuer in due date and in proper manner, are left unplaced. In case when obligations to pay for the additional shares are fulfilled in part, the Issuer renounces counter obligations to transfer the additional shares unpaid by a buyer, and the respective Contract on purchasing of the additional stock in respect of the shares unpaid by a person who purchases the additional shares. Such contract is considered changed from the moment of making entry by the Issuer to a personal account of a buyer about crediting the account for the paid amount of the shares; and the additional shares for which monetary funds were not credited to the account of the Issuer and/ or non-monetary assets were not transferred into the ownership of the Issuer in due date and in proper manner, are left unplaced. Contracts concluded during the offering are changed and/or terminated on the basis and in accordance with the procedure stipulated by Chapter 29 of the Civil Code of the Russian Federation. The pre-emptive right to purchase securities is provided for in the course of the securities placement. Securities are the registered securities; the register of owners of the securities is maintained by a registrar. A person to whom the issuer gives (sends) a transfer order as the basis for making credit entry to a personal account of the first buyer (the registrar, first buyer) as well as other conditions of issuing the transfer order: Full trade name of the registrar: Open joint stock company “Central Moscow Depository” Abbreviated trade name: JSC “CMD” Location: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082. License of professional participant of securities market to maintain register of the owners of registered securities: № 10-000-1-00255 Date of issue: 13.09.2002. Validity of license: unlimited duration. Authority issued the license: Federal service on securities market. Upon the state registration of the additional issue of securities the Issuer submits to the registrar the registered Resolution on the additional issue of securities; and the securities of the additional issue are credited to the issuer account opened in the register of the owners of the Issuer’s securities maintained by the registrar. The Issuer executes and transfers to the registrar a transfer order for the respective amount of shares to be transferred to personal (custody) accounts of buyers of the stock within 3 (three) working days from the date of payment for the stock purchased by the buyer but not later than the end-date of the offering. Credit entries to personal (custody) accounts of buyers of the stock within the system of registering the owners of the Issuer’s securities/ the system of depository accounting of a nominee holder of the Issuer’s shares are made upon full payment of the shares purchased by the respective buyer; and not later than the end-date of the stock offering. Securities are not placed via subscription by holding tender. The issuer does not offer securities with involvement of professional participants of the securities market who provide to the issuer services on placement of securities. Simultaneously with placement of securities it is not planned to suggest purchasing of previously placed (circulating) securities of the issuer of the same class, category (type), including outside of the Russian Federation via offering of the respective foreign securities. The Issuer and/or its authorized person does not intend to conclude provisional contracts containing an obligation to conclude the principal contract in future aimed to carve-out the securities offered to the first owner; or collect preliminary applications for purchasing securities. The issuer is not an economic society having strategic importance for national defense and security; and in order to conclude contracts aimed to curve-out the issuer’s securities to the first owners in the course of offering it is not required to obtain preliminary approval of the mentioned contracts in accordance with the Federal law “On the procedure of foreign investments in economic societies having strategic importance for national defense and security. Management body of the Issuer that approved the Resolution on issue of securities and the Prospectus of issue of securities: the Board of Directors Date of the Resolution on issue of securities and the Prospectus of issue of securities: 30.10.2008 Date and Number of the Minutes of the meeting of the Board of Directors which approved the respective resolution: Minutes No 71 dated 01.11.2008. Percentage of securities that makes the issue of securities invalid if left unplaced: the percentage of securities that makes the issue (the additional issue) of securities invalid if left unplaced is not determined. 9.1.2 Additional information about bonds offered. The securities offered are not bonds. 9.1.3. Additional information about convertible securities offered The securities offered are not convertible. 9.1.4. Additional information about options offered by the issuer The Issuer options offering is not provided for. 9.1.5. Additional information about bonds with mortgage pledge offered The securities offered are not bonds with mortgage pledge 9.1.6. Additional information about Russian depository receipts offered The securities offered are not Russian depository receipts. 9.2. Offering price (the procedure of determining price) of securities issued Offering price of the shares, including offering to persons having pre-emptive right for purchasing the additional stock offered is determined by the Board of Directors of JSC FGC UES in accordance with Articles 36, 77 of the Federal law “On joint stock companies”; however the offering price cannot be lower than the nominal value. The offering price of the additional shares for persons having pre-emptive right for purchasing the additional stock offered can be determined by the Board of Directors of JSC FGC UES lower than the offering price for other persons but not more than 10%, and in any case not lower than the nominal value of the offered stock. Information about the offering price of the shares is disclosed by the Issuer in the news release of the information agency “Interfax” and on Web-site www.fsk-ees.ru not later than 1 day prior to the date of the securities offering start-up. 9.3. Availability of pre-emptive rights to purchase issued securities offered Procedure of executing the pre-emptive rights to purchase issued securities offered: In accordance with articles 40, 41 of the Federal law No 208-FZ “On joint stock companies”, shareholders of the Company have the pre-emptive right of purchasing additional shares placed via public offering in the amount proportional to the amount of ordinary registered shares they owned. Date of preparing the list of persons having the pre-emptive right to purchase issued securities offered: List of persons having the pre-emptive right of purchasing additional stock offered should be made on the basis of information from the register of shareholders of the Issuer as of the date of the Resolution of the Board of Directors of JSC FGC UES that is the basis of the additional stock offering on 30 October 2008. Placement of securities otherwise than through the mentioned execution of the pre-emptive right is not allowed till expiry date of the pre-emptive right to purchase securities offered. Indicating number of persons allowed to realize the pre-emptive right to purchase securities offered (more than 10, more than 50, more than 100, more than 500 etc.) More than 500. The total number of people recorded in the register of the issuer’s shareholders amounts to 423,294. The Company’s shareholders have the pre-emptive right to purchase additional shares placed via public offering in the amount proportional to number of owned shares of this category (type). Procedure of notifying shareholders about the possibility to execute their pre-emptive right to purchase shares. After the state registration of the additional issue of securities and disclosing the information about offering price of the additional shares including for persons having the pre-emptive right of purchasing additional shares placed, not later than 01.03.2009 the Issuer should notify persons having the pre- emptive right of purchasing additionally placed securities about the possibility to execute such right by publishing notification in the newspaper “Rossiyskaya Gazeta” and registered mailing (or delivery) addressed to each person indicated in the list of persons having the right to purchase additional shares offered. Simultaneously the Issuer publishes notification about the possibility to execute the pre-emptive right of purchasing shares (hereinafter referred to as “the Notification”) on the Web-site www.fsk-ees.ru. Notification should include information about the number of shares offered, the offering price of stock, procedure of determining the number of shares that each person enjoying the pre-emptive right is authorized to acquire, procedure of pendency of applications from persons executing their pre-emptive right to purchase shares, procedure of payment for the stock acquired, period of executing the pre-emptive right. Procedure of executing the pre-emptive right including the duration of the pre-emptive right. Shares are offered to persons having the pre-emptive right to purchase shares on the basis of applications on purchase of shares (hereinafter referred to as “the Application”) submitted to such persons; documents confirming payment for such shares should be attached to the Application. Duration of the pre-emptive right to purchase shares - till the occurrence the latest of the following dates: 01.04.2009 or 46th day from the date of publishing notification about the possibility to execute the pre- emptive right in the newspaper “Rossiyskaya Gazeta”; or 46th day from the date of sending registered mail (or delivery) of the last notification about the possibility to execute the pre-emptive right to person indicated in the list of persons enjoying the pre-emptive right to purchase the additional shares offered. Placement of securities otherwise than through the mentioned execution of the pre-emptive right is not allowed till expiry date of the pre-emptive right to purchase securities offered. The Application should contain the following information: • Title “Application for purchasing of shares of the Open joint stock company “Federal grid company of the Unified energy system” pursuant to execution of the pre-emptive right”; • Full name / last name, first name and middle name of a person enjoying the pre-emptive right; • Taxpayer identification number of a person enjoying the pre-emptive right (if available) • Place of residence (location) of a person enjoying the pre-emptive right; • For physical persons – passport data (date and place of birth; passport series, number and date of issue; passport issuing authority); • For legal entities – information about registration of a legal entity (including for Russian legal entities – information about the state registration of a legal entity/ entry into the Unified state register of legal entities (date, registering authority, number of the respective certificate)); • Number of shares purchased; • Information about the form of payment for the stock offered (monetary or non-monetary); and in case of non-monetary payment for the stock offered – the list and description of non- monetary assets contributed as payment for the shares; • Personal account number in the register of owners of registered securities of the Issuer for the purpose of transferring the stock purchased. In case when shares should be credited to the account of a nominee holder in the register of owners of registered securities of the Issuer – full trade name of a depository, information about the state registration of such depository (OGRN, the registering authority, date of the state registration and date pf the entry about the depository into the Unified state register of legal entities), custody account number of a potential buyer of the shares, number and date of depositary contract concluded between a depository and a potential buyer of the shares (in respect of the shares); • Bank details of a person enjoying the pre-emptive right for the purpose of returning monetary funds • Contact details (mail address and fax number with indication of area code) for the purpose of notifying about the results of an application pendency; • Indication to the document attached to an Application and confirming payment for shares made by a person enjoying the pre-emptive right to purchase shares. The Issuer can specify the recommended format of the application. In this case the Issuer published the Application format on its Web-site www.fsk-ees.ru not later than the date of sending (delivery) of notification or publication of the notification about the possibility to execute the pre-emptive right. The offer should be signed by a person enjoying the pre-emptive right to purchase shares (an authorized person, in which case original or notarized copy of duly issued power of attorney or other document confirming the authority of a representative should be attached); and for legal entities – have an impression of a seal (if such a seal is available). Shares purchased should be paid by a buyer in accordance the procedure specified in para 8.6 of the present resolution. A person enjoying the pre-emptive right to purchase shares is responsible for data accuracy indicated in an Application and its compliance with information in the register of shareholders of the Issuer. The Issuer should receive an Application within the period of validity of the pre-emptive right. An Application should be submitted to the Issuer by a person enjoying the pre-emptive right to purchase shares or an authorized person, in which case original or notarized copy of duly issued power of attorney or other document confirming the authority of a representative should be attached, or should be mailed to the Issuer. Applications are accepted on daily basis during working days from 10:00 to 18:00 Moscow time at the following address: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082, JSC “Central Moscow Depository”. Applications should be mailed at the following address: 34, bld. 8, Bolshaya Pochtovaya street, Moscow, 105082, JSC “Central Moscow Depository”. Applications from buyers are registered in application receipt log with indication of the time and the date of receipt. In case when: • Application does not comply with requirements stipulated by the legislation of the Russian Federation, para 8.5 of the Resolution of the additional issue of securities, para 9.3 of the Prospectus of issue of securities; • Application does not allow for identification of the person on behalf of who such Application is submitted; as the person enjoying the pre-emptive right to purchase shares; • There is no original or notarized copy of duly issued power of attorney or other document confirming the authority of a representative attached to the Application signed by an authorized person of the person enjoying the pre-emptive right to purchase shares; • There is no document conforming payment for shares made by a person enjoying the pre- emptive right to purchase shares; • The Issuer receives the Application after the period of validity of the pre-emptive right, within 3 (three) working days from the date of the Application receipt the Issuer notifies an Applicant about impossibility of executing the pre-emptive right to purchase shares subject to conditions specified in its Application; and indicates reasons that make the pre-emptive right execution impossible. The Issuer notifies a shareholder about unsatisfied Application by one of the following ways: • by phone; • by fax; • by registered mail. Notification should indicate the possibility to resubmit and Application prior to expiring the period of validity of the pre-emptive right. In case when an application on purchase of shares pursuant to the pre- emptive right is not satisfied by the Issuer, the Issuer should return to a shareholder monetary funds and/or capital assets paid in accordance with the documents confirming payment for t he shares offered attached to the application. In case when a shareholder enjoying the pre-emptive right to purchase shares indicates in its Application number of shares purchased that is less than number of shares paid in accordance with the attached document confirming payment for the shares offered, the Issuer satisfies such Application in the number of shares indicated in the Application. In doing so the Issuer should return to the shareholder monetary funds exceeding the value of shares under the number indicated in the Application. In case when a shareholder enjoying the pre-emptive right to purchase shares indicates in its Application number of shares purchased that is more than number of shares paid in accordance with the attached document confirming payment for the shares offered, it is considered that such person has executed its pre-emptive right to purchase shares in respect of the number of shares that are paid for. In case when in its Application a shareholder indicates number of shares purchased that exceeds number of shares that such person enjoying the pre-emptive right is entitled to purchase, the Application should be satisfied subject to all other conditions in maximum number of shares for such person based on number of its registered shares and in accordance with calculation procedure. In case when an Application is subject to be satisfied the Issuer sends a transfer order to the Issuer’s register to credit the shares to personal account of such person (nominee holder accounting for the rights of such person to the Issuer shares) Contract serving as the basis for placement of shares with a person executing the pre-emptive right is considered as concluded at the moment when the Issuer receives an Application on purchase of additional shares with the attached documents confirming payments for the shares. Optional for a potential buyer a contract on purchasing of stock could be executed in written at the following address: 5A, Akademika Chelomeya street, Moscow. Shares purchased under the pre-emptive right to purchase shares of the present issue should be credited to personal accounts in the register of shareholders only upon payment in full of them but not later than the end-date of the offering. Maximum amount of shares purchasable by a person under the pre-emptive right is proportional to the amount of shares of the Issuer it owns as of 30.10.2008 (the date of the resolution approved by the Board of Directors of JSC FGC UES that is the basis for additional stock offering) and is calculated under the following formula: K=S*(146,500,000,000 /1,153,514,196,362), where K – maximum amount of shares of the present additional issue purchasable by a person enjoying the pre- emptive right; S – number of ordinary shares of the Issuer owned by a person enjoying the pre-emptive right as of 30.10.2008 (the date of the resolution approved by the Board of Directors of JSC FGC UES that is the basis for additional stock offering); 146,500,000,000 – number of shares offered; 1,153,514,196,362 – number of ordinary shares placed as of 30.10.2008 (the date of the resolution approved by the Board of Directors of JSC FGC UES that is the basis for additional stock offering). Procedure of summing up the results of the pre-emptive right execution: For the purpose of determining number of shares placed in the result of executing the pre-emptive right for their purchasing the Issuer should sum-up the results of the pre-emptive right execution and determine number of shares subject to public offering among unlimited set of people within 4 (four) days from the date of expiration of the pre-emptive right. Procedure of disclosing information about the results of the pre-emptive right execution: The Issuer discloses the results of the pre-emptive right to purchase shares in the news release of the information agency “Interfax” and on the Web-site www.fsk-ees.ru within 1 (one) day after summing-up the results of the pre-emptive right execution, specifying the following: • class, category (type) and form of securities offered; • offering price of securities; • actual start-up and end days of the pre-emptive right validity; • number of securities actually placed with persons registered in the list of persons enjoying the pre-emptive right to purchase additional shares; • number of shares subject to placement with unlimited set of people. 9.4. Limitations on purchase and circulation of securities offered Limitations imposed by the Issuer in accordance with its Articles of Association on maximum amount of equity stake or their nominal value owned by one participants: None. Limitations provided for by the issuer Articles of Association and the legislation of the Russian Federation for potential buyers-nonresidents including limitations on maximum amount of stake owned by foreign persons in the authorized (share) capital of the issuer: None. In accordance with the Federal law “On securities market” dated 22.04.1996 No 39-FZ and the Federal law “On protection of rights and legitimate interests of investors in security market” dated 05.03.1999 No 469-FZ it is prohibited: • to have securities circulated prior to payment in full of securities and the state registration (submission of a notification to the state registering authority) of a report on the results of securities issue; • to give publicity and/or offer to unlimited set of people securities of issuers not disclosing information about volume and procedures stipulated by the legislation of the Russian Federation and normative legal acts of the Federal committee. Other limitations imposed by the legislation of the Russian Federation, constitutive documents of the issuer in respect of circulation of securities offered: in accordance with the Federal law dated 26.03.2003 No 36-FZ “On specific features of power generation industry in the period of transition; and on amendments to some legislative acts of the Russian Federation and nullifying of some legislative acts of the Russian Federation due to adoption of the Federal Law «On Electric Power Industry» participation of the Russian Federation in the Authorized capital of the Issuer in the amount not less than 52% is stipulated not later than end-date of period of transition of the electric power industry restructuring. In the next period the Russian Federation is increasing its participation in the Authorized capital of the management organization of the Unified national (all-Russia) electric grid up to not less than 75% plus one voting share by means stipulated by the legislation of the Russian Federation. 9.5. Information about trend of issued securities price movement Ordinary registered shares of the issuer are traded on securities market started from 3rd quarter of 2008. Class, category (type), form and other identification characteristics of securities: ordinary registered uncertified shares; Maximum and minimum price of one security under transactions with securities executed in the reporting quarter via trade institutor on securities market: min – RUR 0.11 max – RUR 0.43 Market price of one security disclosed by trade institutor on securities market and determined in accordance with the Procedure of market price calculating for issue securities and investment percentage in share investment funds admitted for trade via trade institutors approved by the Resolution of the Federal Securities and Exchanges Committee of Russia dated 24.12.2003 No 03-52/ps (registered in the Ministry of Justice of the Russian Federation 23.01.2004 No 5480) at 30.09.2008: RUR 0.1490; Full trade name, location of the trade institutor on securities market via which transactions were executed based on which trend for securities price movements is disclosed: Closed Joint Stock Company “Stock Exchange MICEX”; 1/13, bld.8, Sredniy Kislovskiy pereulok, 125009, Moscow. 9.6. Information about persons which render services on organizing placement and/or on placement of securities The issuer does not involve persons providing services on placement and/or organizing placement of the issue securities 9.7. Information about potential buyers of issue securities Shares are placed via public subscription among undefined and unlimited set of people 9.8. Information about trade institutors on securities market including stock exchanges where issue securities are planned for placement and/or circulation Securities of the issue in relation to which the securities offered are additional are circulated via stock exchanges: Full trade name of Abbreviated trade name Location of trade Number; date of issue; period trade institutor of trade institutor institutor of validity of the license of trade institutor on securities market; authority issued the above mentioned license Closed joint stock CJSC “Moscow 13, Bolshoy Kislovskiy Stock exchange license No 077- company “Moscow Interbank Currency pereulok, Moscow, 10489-000001 dated 23.08.2007, Interbank Currency Exchange”; CJSC 125009, Russia issued by FSFM of Russian for Exchange” “MICEX” unlimited period. Open joint stock JSC “RTS” 38, bld. 1, Stock exchange license No 077- company “Sock Dolgorukovskaya 10519-000001 dated 06.09.2007, Exchange RTS” street, 127006, Moscow issued by FSFM of Russian for unlimited period 9.9. Information about potential change of stakeholders share in the Authorized capital of the Issuer in the result of issue securities offering Amount of potential change of a stakeholder share in the Authorized capital of the issuer in the result of securities offering: 11.27% in relation to the amount of the Authorized capital of the issuer as of the date of approval of the prospectus of issue of securities; 11.27% in relation to the amount of ordinary shares of the issuer placed as of the date of approval of the prospectus of issue of securities; The issuer calculates the amount mentioned based on the following assumptions: All the securities offered will be placed; Stakeholder will not participate in securities acquisition offered through subscription. 9.10. Information about expenses related to the issue of securities Total amount of expenses of the issuer related to the issue of securities: RUR 277,012,000 (0.3781% out of total volume of the issue of securities at nominal value). Amount of state duty paid in accordance with the legislation of the Russian Federation on taxes and duties in the course of issue of securities: RUR 112,000 (0.00015% out of total volume of the issue of securities at nominal value); Amount of expense of the issuer related to service payment to consultants participating (participated) in preparation and issue of securities as well as persons providing services to the issuer in relation with offering and/or organization of offering of securities: will not exceed RUR 1,500,000 (0.0020% out of total volume of the issue of securities at nominal value); Amount of expense of the issuer related to securities admission by trade institutor to trading on securities market including securities admission to stock exchange quotation list (listing of securities): there are no such expenses; Amount of expense of the issuer related to information disclosure in the course of the issue of securities including preparation of offering circular or other printed products related to the issue of securities: expenses related to notifying shareholders on availability of their pre-emptive right to purchased shares – RUR 20,400,000 (0.0278% out of total volume of the issue of securities at nominal value); Amount of expense of the issuer related to advertising of securities offered, marketing research of securities market, organizing and holding meetings with investors, road-shows: there are no such expenses; Other expenses of the issuer related to issue of securities: expenses related to registrar fee for making entry to the shareholder register on transfer of right of ownership for the securities offered to first buyers can amount up to RUR 255,000,000 (0.3481% out of total volume of the issue of securities at nominal value). 9.11. Information about method and procedure of repayment of amounts received as payment for issue securities offered in case of canceling or recognizing invalid of the issue of securities and in other cases provided for by the legislation of the Russian Federation In case when the issue is cancelled or recognized as invalid monetary funds shall be returned to buyers in accordance with the procedure stipulated by the Regulation of the FSSM of Russia “On the procedure of repayment to owners of securities monetary funds (other assets) received by t he issuer as payment for securities of the issue cancelled or recognized as invalid” (Approved by the Regulation of the FSSM of Russia dated 08.09.1998 No 36). Within 5 (five) days from the date of receipt of written notification of the FSSM of Russia about annulment of the state registration of the present issue of bonds the issuer should establish a committee for organizing repayment of funds used for bonds purchase to owners of such bonds. This Committee: • notifies owners/ nominee holders of the bonds about repayment procedure for funds used for the bonds purchasing; • organizes repayment of funds used for the bonds purchasing to owners/ nominee holders of the bonds; • determines amount of funds repayable to each owner/ nominee holder of the bonds used for the bonds purchasing; • draws up a statement of amounts repayable to each owner/ nominee holder of the bonds used for the bonds purchasing. Within 45 days from the date of receipt of written notification of the FSSM of Russia about annulment of the state registration of the present issue of bonds the Committee should draw up a statement of amounts repayable (hereinafter referred to as “the Statement”) to each owner/ nominee holder of the bonds. The mentioned Statement is drawn up based on the list of owners of securities which state registration was cancelled. Upon request from an owner of securities withdrawable from circulation or from other stakeholders (including successors of owners of securities) the Issuer should provide them the Statement for examination once the Statement is approved. Amounts used for the bonds purchasing are repayable to the buyers in monetary funds. Within 2 months from the date of receipt of written notification of the FSSM of Russia about annulment of the state registration of the present issue of bonds the Committee should notify owners of securities as well as nominee holders of securities (hereinafter referred to as “Notification”). Such Notification should include the following information: • Full trade name of the Issuer of securities; • Name of registering authority resolved to annul the issue of security; • Name of court, date of judicial act about annulment of the issue of securities, the effective date of judicial act about annulment of the issue of securities; • Full trade name of a registration, its mail address (in case when register of shareholders of registered securities is maintained by a registration); • Class, category (type), form of securities, state registration number of the issue and date of state registration, name of registering authority that executed the state registration of the issue of securities annulled or recognized as invalid; • Date of annulment of the state registration of the issue of securities; • Last name, first name and middle name (full trade name) of the owner of securities; • Location (mailing address) of the owner of securities; • Category of the owner of securities (first and (or) other buyer); • Number of securities subject to withdrawal from the owner with indication of class, category (type), series; • Amount invested repayable to the owner of securities; • Procedures and term of securities withdrawal from circulation and invested amount repayment; • Note that transactions with securities which state registration was annulled are prohibited; • Note that amounts invested are repayable upon submitting by the owner of certificates of securities (in case when securities are certified securities); • Address for sending applications for invested amounts repayment and contact telephone numbers of the Issuer. Application form for invested amounts repayment should be attached to the Notification. Within 2 months from the date of receipt of written notification of the FSSM of Russia about annulment of the state registration of the present issue of bonds the Committee should publish information about withdrawal procedure of securities from circulation and invested amounts repayment. Such information should be published in a periodic printed publication available to majority of owners of securities subject to withdrawal from circulation as well as in “The Supplement to the Bulletin of the Federal service on financial markets”. Application of an owner/ nominee holder of the bonds for repayment of funds used for the bonds purchasing should include the following information: • Last name, first name and middle name (full trade name) of the owner of the bonds; • Location (mailing address) of the owner of the bonds; • Amount in RUR repayable to the owner of the bonds Application should be signed by an owner of the bonds subject to withdrawal from circulation or by the owner representative. In case when the owner representative signs the application, documents confirming its authority should be attached to the application. Owner of securities subject to withdrawal from circulation should send to the Issuer its Application for repayment of funds within 10 days from the date of receipt of the Notification. In case when owner of securities does not agree with the repayable amount indicated in the Notification can send to the issuer respective statement within a period stipulated by the present paragraph. The statement should indicate reasons and grounds of the bonds owner disagreement as well as documents confirming its arguments. Owner of securities has the right to go to the law claiming to recover the amounts from the Issuer without prior notification about its disagreement with the amount and terms of repayment. The Committee must consider the application and send follow notice to the owner of securities within 10 days from the date of receipt of the statement on disagreement of the owner of securities with the amount of repayment. In case when the owner of securities does not agree with the terms of repayment of invested amounts provided for by the follow notice has the right to go to the law claiming to recover the amounts from the Issuer in accordance with the legislation of the Russian federation. Upon withdrawal of securities from circulation the Issuer must repay the amounts to the owners of securities, in which the period of repayment can not exceed 1 month. Amounts are repaid by transferring to accounts of the owners of securities or in other ways stipulated by the legislation of the Russian Federation or an agreement between the Issuer and an owner of securities. Way and procedure of repayment in other cases stipulated by the legislation of the Russian Federation are similar to the abovementioned procedure of amounts repayment in case of annulment of the issue or its recognition as invalid, if otherwise is not stipulated by the law or other normative legal acts. Repayments are planned to be made via the following credit organization: Full name of credit organization: Lefortovo branch No 6901 of Bank of Savings of Russia of Moscow Abbreviated name: Lefortovo OSB No 6901 of Moscow Location: 14, Shosse Entuziastov, Moscow Settlement account No 40702810138120116293 BIK 044525225 Correspondent account 30101810400000000225 JSC FGC UES is the owner of the account. Implications of the Issuer’s non-execution or improper execution of obligations on repaying amounts received as payment for securities offered and penalty provisions applicable to the Issuer: In case of the Issuer’s on-execution or improper execution of obligations on repaying amounts received as payment for securities offered, the Issuer simultaneously with payment of overdue amounts should pay to the owners of securities interests in accordance with Article 395 of the Civil Code of the Russian Federation.

X. Additional information about the Issuer and securities it placed 10.1. Additional information about the Issuer 10.1.1. Information about the amount, and structure of the charter (reserve) capital (share fund) of the Issuer The amount of the Issuer authorized capital as of the date of approval of the Prospectus of securities issue in accordance with the Articles of Association of the Issuer: RUR 576,757,098,181 (five hundred seventy six billion seven hundred fifty seven million ninety eight thousand one hundred eighty one thousand). Breakdown of the authorized capital of the Issuer into ordinary and preferential shares with indication of total nominal value of each category of shares and percentage of each category of shares in the Authorized capital of the Issuer: the Authorized capital of the Issuer consists of only ordinary stock (percentage of ordinary stock in the authorized capital amounts to 100%) with nominal value of RUR 576,757,098,181 (five hundred seventy six billion seven hundred fifty seven million ninety eight thousand one hundred eighty one thousand). Part of shares of the issuer is circulated outside the Russian Federation through circulating in accordance with foreign law of foreign issuers securities certifying the rights in relation to the mentioned shares of the issuer. Category (type) of shares circulating outside the Russian Federation: ordinary registered uncertified shares; Percentage of shares circulating outside the Russian Federation out of total number of shares of respective category (type) as of 01.10/2008: percentage of ordinary stock of JSC FGC UES circulating outside the Russian Federation amounts to 1.0978% out of total number of ordinary shares of JSC FGC UES; Name, location of a foreign issuer which securities certify the rights in relation to shares of the issuer of respective category (type): Deutsche Bank Trust Company Americas, 60 Wall Street New York, NY 10005, USA; Brief description of a foreign issuer securities programme certifying the rights in relation to shares of the issuer of respective category (type): Programme of issue of not listed Global depository receipts in accordance with Regulation S and Rule 144A certifying the rights in relation to ordinary shares of JSC FGC UES established in connection with JSC FGC UES and JSC RAO UES of Russian restructuring and sponsored by JSC FGC UES. Information about approval from a federal agency of executive authority for securities market for admission of respective category (type) of shares to circulation outside the Russian Federation (if applicable) – Notification on authorization for placement and circulation outside the Russian Federation of ordinary registered uncertified shares of JSC FGC UES was received 25.06.2008, ref. No 08-8K- 03/13403; Name of foreign institutor of trade (institutors of trade) through which securities of foreign issuer are circulated certifying the rights in relation to the issuer’s securities (if such circulation is available) - Global depository receipts issued by Deutsche Bank Trust Company Americas certifying the rights to ordinary shares of JSC FGC UES, the securities are not traded by the foreign institutor of trade; Other information about circulation of the issuer’s stock outside the Russian Federation disclosed by the issuer at its discretion – there are no other information. 10.1.2. Information about changes in the charter (reserve) capital (share fund) of the Issuer Information about last 5 complete financial years prior to the date of approval of Prospectus of issue of securities: Information for 2003 – 2 quarter of 2008: The amount and structure of the charter (reserve) capital (share fund) of the Issuer as of 25.06.2002: from the date of the state registration the authorized capital of the Issuer amounted RUR 127,000,000,000 (254,000,000,000 (two hundred fifty four billion) ordinary registered shares comprising 100% of the authorized capital); Change 1: Management body of the Issuer that made a decision to change the amount of the charter (reserve) capital (share fund) of the Issuer: annual general meeting of shareholders (in accordance with the Articles of Association of JSC FGC UES, the Board of Directors of the sole shareholder – JSC RAO UES of Russia executed functions of a annual general meeting of shareholders of JSC FGC UES); Date and number of the Minutes of the Meeting (session) of the management body of the Issuer that decided to change the amount of the charter (reserve) capital (share fund) of the Issuer: (extract from the Minutes of the meeting of the Board of Directors of JSC RAO UES of Russia dated 25.06.2004 No 172). The decision made: to reduce the amount of the authorized capital of JSC FGC UES by paying off of 10,785,516,441 (ten billion seven hundred eighty five million five hundred sixteen thousand four hundred forty one) ordinary registered shares of JSC FGC UES transferred under the ownership of JSC FGC UES in the result of incomplete payment of the authorized capital by the shareholder, and amounted to 4.24% of the authorized capital of JSC FGC UES, with nominal value of RUR 0.50 each and total value of RUR 5,392,758,220.5. The amount of the authorized capital of the Issuer after the change: RUR 121,607,241,779.50 (one hundred twenty one billion six hundred seven million two hundred forty one thousand seven hundred seventy nine) and fifty kopeks (243,214,483,559 of ordinary registered shares comprising 100% of the authorized capital). Changes to the Articles of association were registered by Inspectorate No 4716 of the Ministry on taxes and levies of Russia on 09.07.2004. Change 2: The amount and structure of the charter (reserve) capital (share fund) of the Issuer as of 09.07.2004: RUR 121,607,241,779.50 (one hundred twenty one billion six hundred seven million two hundred forty one thousand seven hundred seventy nine) and fifty kopeks (243,214,483,559 of ordinary registered shares comprising 100% of the authorized capital); Management body of the Issuer that made a decision to change the amount of the charter (reserve) capital (share fund) of the Issuer: annual general meeting of shareholders (in accordance with the Articles of Association of JSC FGC UES, the Board of Directors of the sole shareholder – JSC RAO UES of Russia executed functions of a annual general meeting of shareholders of JSC FGC UES); Date and number of the Minutes of the Meeting (session) of the management body of the Issuer that decided to change the amount of the charter (reserve) capital (share fund) of the Issuer: (extract from the Minutes of the meeting of the Board of Directors of JSC RAO UES of Russia dated 21.11.2005 No 208). The decision made: to increase the amount of the authorized capital of JSC FGC UES by 160,000,000,000 (one hundred sixty billion) of ordinary shares of JSC FGC UES with nominal value of RUR 0.50 each and total value of RUR 80,000,000,000 by private offering in favor of JSC RAO UES of Russia and the Russian Federation. On 21 March 2006 the Federal service on securities market registered additional issue of ordinary registered uncertified shares of JSC FGC UES No 1-01-65018-D-001D. In the result, 118,167,724,361 ordinary shares of JC FGC UES were placed. In accordance with the order of the Federal service on securities market No 07-1030/pz-n dated 15.05.2007 the report on the results of additional issue of ordinary registered uncertified stock of JSC FGC UES was registered under No 1-01- 65018-D-001D in the amount of 118,167,724,361 shares. The amount of the authorized capital of the Issuer after the change: RUR 180,691,103,960.50 (one hundred eighty billion six hundred ninety one million one hundred three thousand nine hundred sixty) and fifty kopeks (361,382,207,920 of ordinary registered shares comprising 100% of the authorized capital). Changes to the Charter were registered by Inter-district Inspectorate No 46 of the Federal Tax Service in Moscow on July 19, 2007. Change 3: The amount and structure of the charter (reserve) capital (share fund) of the Issuer as of 19.07.2007: RUR 180,691,103,960.50 (one hundred eighty billion six hundred ninety one million one hundred three thousand nine hundred sixty) and fifty kopeks (361,382,207,920 of ordinary registered shares comprising 100% of the authorized capital); Management body of the Issuer that made a decision to change the amount of the charter (reserve) capital (share fund) of the Issuer: annual general meeting of shareholders (in accordance with the Articles of Association of JSC FGC UES, the Board of Directors of the sole shareholder – JSC RAO UES of Russia executed functions of a annual general meeting of shareholders of JSC FGC UES); Date and number of the Minutes of the Meeting (session) of the management body of the Issuer that decided to change the amount of the charter (reserve) capital (share fund) of the Issuer: (extract from the Minutes of the meeting of the Board of Directors of JSC RAO UES of Russia dated 06.03.2007 No 246). The amount of the authorized capital of the Issuer after the change as of 06.05.2008: RUR 238,173,731,077.50 (two hundred thirty eight billion one hundred seventy three million seven hundred thirty one thousand and seventy seven) and fifty kopeks (476,347,462,155 (four hundred seventy six billion three hundred forty seven million four hundred sixty two thousand one hundred fifty five) ordinary registered shares comprising 100% of the authorized capital). Changes to the Charter were registered by Inter-district Inspectorate No 46 of the Federal Tax Service in Moscow on 06.05.2008. Change 4: The amount and structure of the charter (reserve) capital (share fund) of the Issuer as of 06.05.2008: RUR 238,173,731,077.50 (two hundred thirty eight billion one hundred seventy three million seven hundred thirty one thousand and seventy seven) and fifty kopeks (476,347,462,155 (four hundred seventy six billion three hundred forty seven million four hundred sixty two thousand one hundred fifty five) ordinary registered shares comprising 100% of the authorized capital); Management body of the Issuer that made a decision to change the amount of the charter (reserve) capital (share fund) of the Issuer: annual general meeting of shareholders; Date and number of the Minutes of the Meeting (session) of the management body of the Issuer that decided to change the amount of the charter (reserve) capital (share fund) of the Issuer: (extract from the Minutes of the meeting of the Board of Directors of JSC RAO UES of Russia dated 19.12.2007 No 3). The amount of the authorized capital of the Issuer after the change as of 01.07.2008: RUR 576,757,098,181 (five hundred seventy six billion seven hundred fifty seven million ninety eight thousand one hundred eighty seven) (1,153,514,196,362 (one trillion one hundred fifty three billion five hundred fourteen million one hundred ninety six thousand three hundred sixty two) ordinary registered shares comprising 100% of the authorized capital). 10.1.3. Information about establishing and utilization of the reserve fund as well as other funds of the issuer Name of the fund: Reserve fund The amount of the fund stipulated by the constituent documents: in accordance with para 8.1 of the Articles of Association, the Company establishes the Reserve fund in the amount of 5 (five) per cent of the authorized capital of the Company. Mandatory annual allocation to the Reserve fund of the Company till the moment when the Reserve fund reaches the stipulated amount equals 5 (five) per cent of the Company net profit. The amount of the fund in terms of money as of the end date of each complete financial year and in percentage of the charter (reserve) capital (share fund): in 2003 the Issuer did not establish the Reserve fund due to loss-making economic activity in 2002. Based on the results of 2003, the Reserve fund was established in 2004 in the amount of RUR 52,448,000 that comprised 0.04% of the authorized capital of the Issuer. For 2005 the Reserve capital amounted to RUR 1,782,195,000 that comprised 1.47% of the Authorized capital of the Issuer. For 2006 the Reserve capital amounted to RUR 3,411,969,000 that comprised 2.81% of the Authorized capital of the Issuer. For 2007 the Reserve capital amounted to RUR 4,657,605,000 that comprised 2.58% of the Authorized capital of the Issuer. Allocations to t he fund made during each complete financial year: In 2003 the Issuer did not establish the Reserve fund; In 2004 allocations to the Fund amounted to RUR 52,448,000; In 2005 allocations to the Fund amounted to RUR 1,729,747,000; In 2006 allocations to the Fund amounted to RUR 1,629,774,000. In 2007 allocations to the Fund amounted to RUR 4,657,605,000. The Fund amounts used during each completed financial year and areas where such amounts were used: the Reserve fund amounts were not used. 10.1.4. Information about procedure of convening and holding of a meeting (session) of the supreme management body of the Issuer The supreme management body of the Issuer is the General meeting of shareholders. Procedure of notifying shareholders (participants) about holding of a meeting (session) of the supreme management body of the Issuer: In accordance with Article 52 of the Federal Law “On joint stock companies” (hereinafter referred to as ‘the Law”), the notice on the General meeting of shareholders is made not later than 20 days prior to, and the notice on the General meeting of shareholders with the agenda containing an issue of reorganization of the Company - not later than 30 days before date of the meeting. In cases provided for by para 2 of Article 53 of the Law, a notice on convoking an extraordinary General meeting of shareholders is made not later than 50 days before date of the meeting. Not later that 30 (thirty) days before the date of the meeting a notice on the holding of a General meeting of shareholders is sent (or handed) to each entity specified in the list of entities authorized to participate in a General meeting of shareholders and also is published by the Company in the newspaper “Rosiyskaya gazeta”, if the legislation of the Russian Federation does not stipulate for a longer period. If a person registered in the register of shareholders of a company is a nominee holder of stocks, the communication concerning the holding of the General meeting of shareholders shall be sent to the nominee holder of the stocks if the list of entities authorized to participate in General meeting of shareholders does not contain other mailing address where such communication concerning the holding of a General meeting of shareholders should be sent. If a person registered in the register of shareholders of a company is a nominee holder of stocks, the communication concerning the holding of the General meeting of shareholders shall be sent to the nominee holder of the stocks if the list of entities authorized to participate in General meeting of shareholders does not contain other mailing address where such communication concerning the holding of a General meeting of shareholders should be sent. In a notice on the holding of a General meeting of shareholders is sent to a nominee holder of the stocks, such nominee holders of the stocks is obliged to bring the notice to the attention of its clients in accordance with the procedure and in time specified by the legal acts of the Russian federation or by a contract with a clients. Entities (bodies) authorized to convene (require holding) of an extraordinary meeting (session) of the supreme management body of the Issuer as well as the procedure for submitting such demand. In accordance with Article 55 of the Law, an extraordinary general meeting of shareholders shall be held by decision of the Board of Directors (or supervisory board) of the company on the basis of its own initiative, the demand of the audit committee (or internal auditor) of the company, the auditor of the company, and also a shareholder(s) who is the possessor of not less than 10% of the voting stocks of the company on the date of submitting the demand. An extraordinary general meeting of shareholders is held by decision of the Board of Directors (or supervisory board) of the company on the basis of the demand of the audit committee (or internal auditor) of the company, the auditor of the company, and also a shareholder(s) who is the possessor of not less than 10% of the voting stocks of the company on the date of submitting the demand. In the demand on holding an extraordinary general meeting of shareholders issues should be indicated to be included in the agenda of the meeting. The demand on holding an extraordinary general meeting of shareholders can include draft decisions for every such item and also suggestion on the format of the general meeting of shareholders. If a demand on holding an extraordinary general meeting of shareholders includes suggestion on nominating candidates, such suggestion is subject to the terms of respective provisions of Article 53 of the Law. In a demand on holding an extraordinary general meeting of shareholders is initiated by shareholder(s) in should contain name(s) of shareholders (a shareholder) requiring convening such a meeting, indication of amount and category (type) of stocks they owned. A demand on holding an extraordinary general meeting of shareholders should be signed by persons (person) demanding convening of an extraordinary general meeting of shareholders. Procedure of determining the date of holding a meeting (session) of the supreme management body of the issuer In accordance with Article 47 of the Law, the annual general meeting of shareholders shall be held within the periods established by the Charter of the company, but not earlier than two months and not later than six months after the end of the financial year of the company. In accordance with Article 47 of the Law, when preparing for holding a general meeting of shareholders, the Board of Directors (Supervisory Board) of the Company determines date, place and time of holding the general meeting of shareholders. An extraordinary General meeting of shareholders is held following the request of the Audit committee of the Company (the Internal Auditor) of the Company, the Auditor of the Company, or shareholders (a shareholder) who own at least 10 (ten) percent of voting shares of the Company (hereinafter referred to as persons having the right to convene a General meeting of shareholders) within 40 days from the date of submission of the demand on holding an extraordinary General meeting of shareholders. If the offered agenda of the extraordinary General meeting of shareholders contains an issue of election of the Board of directors of the Company by cumulative voting, such General meeting of shareholders should be held within 70 days from the date of submission of the demand on holding and extraordinary general meeting of shareholders. In cases when in accordance with the Federal Law “On joint stock companies” the Board of Directors of the Company is obliged to take a decision in respect of holding an extraordinary General meeting of shareholders in order to elect members of the Board of Directors, such General meeting of shareholders should be held within 70 days from the date when the Board of Directors took the decision on holding such meeting. Persons authorized to propose an agenda of a meeting (session) of the supreme management body of the Issuer, and also the procedure of making such suggestions: Shareholders (a shareholder) who in aggregate are the possessors of not less than 2% of the voting stocks of the Company shall, within a period of not later than 60 days after the end of the financial year of the company, have the right to submit proposals for the agenda of the annual general meeting of the shareholders and to nominate candidates for the Board of Directors of the Company and the audit committee (or auditor) of the Company, the number of which may not exceed the quantitative composition of this body. A proposal for the agenda of the general meeting of shareholders and proposal to nominate candidates from shareholders (a shareholder) shall be submitted in writing specifying the names of the shareholder(s) submitting the proposal or demand on holding an extraordinary meeting, and the quantity and category (or type) of stocks belonging to them. In case when the proposed agenda of an extraordinary General meeting of shareholders includes the issue of electing members of the Board of Directors of the Company by cumulative voting, shareholders (a shareholder) of the Company who in aggregate are the possessors of not less than 2% of the voting stocks of the Company are authorized to nominate candidates for the Board of Directors of the Company the number of which may not exceed the quantitative composition of the Board of Directors of the Company. Such proposals should be received by the Company not later than 30 days before the date of holding an extraordinary General meeting of shareholders. Persons authorized to survey information (materials) submitted for the purpose of preparing and holding of a meeting (session) of the supreme management body of the Issuer and the procedure for surveying such information (materials): Information (materials) should be available to persons who have right to participate in General shareholders meeting, on the premises of executive body of the Company and in other locations addresses of which are specified in statement of holding a General shareholders meeting; such information should be available during 20 days, and in case of holding a General shareholders meeting with the agenda containing the issue of the Company restructuring – during 30 days prior to the date of General shareholders meeting. The above mentioned information should be available to persons participating in General shareholders meeting at the time of the meeting. Upon request from a person having the right to participate in General shareholders meeting, the Company should provide it with copies of the mentioned documents. Fee that the Company charges for providing these copies should not exceed cost of making such copies. Procedure of announcing (notifying shareholders of the Issuer) resolutions taken by the supreme management body of the Issuer, and voting results: In case when General shareholder meeting of the Company is held in the form of a meeting: In case if voting results and resolutions taken by the General shareholders meeting of the Company were not announced at the General shareholder meeting, then not later than 10 (ten) days after the date of the Minutes on the results of the voting, resolutions taken by the General shareholders meeting of the Company as well as voting results are published by the Company in the newspaper “Rossiyskaya gazeta”. In case when a General shareholder meeting is held in the form of absent voting: Resolutions taken by the General shareholder meeting as well as voting results in the form of a report on the results of the voting should be published in the newspaper “Rossiyskaya gazeta” not later than 10 (ten) days after the date of the Minutes on the results of the voting. 10.1.5. Information about commercial organizations in which the Issuer has at least 5 per cent of the charter (reserve) capital (share fund) or at least 5 per cent of ordinary stock

Interest of the Interest of JSC mentioned FGC UES in the company in the authorized capital authorized capital of the mentioned of JSC FGC UES company and No Name of a legal entity Location and percentage of percentage of ordinary shares of ordinary shares of JSC FGC UES the mentioned owned by the company owned mentioned by JSC FGC UES company Open Joint Stock Company Moscow communication center 7, Kitaygorodsky proezd, 100% 0% 1 of Electric power Industry (JSC Moscow, Russian Federation 100% 0% MUS of Electric Power Industry) Open Joint Stock Company Scientific and Technical Center 5a, Akademika Chelomeya 100% 0% 2 of Electric Power Industry (STC street, Moscow, 117639 100% 0% of Electric Power Industry) Open joint stock company “Main electric grid service company of the Unified national electric 100% 0% 3 1, Tkatskaya street. Moscow grid”, 100% 0% (JSC “Glavsetservice of the UNEG”) Open joint stock company “Specialized electric grid service company of the Unified national 27, bld. 8, Sadovnicheskaya 100% 0% 4 electric grid”, street, Moscow, 115035 100% 0% (JSC “Electrosetservice of the UNEG”) Open joint stock company “Center of engineering and 5A, Akademika Chelomeya 100% 0% 5 managing of the Unified energy street, Moscow, 117630 system construction”, (JSC 100% 0% “CIUS of UES”) Open Joint Stock Company Energostroysnabkomplekt of 6, bld. 1, Artyukhinoy street, 100% 0% 6 UES (JSC Moscow Energostroysnabkomplekt of 100% 0% UES) Open joint stock company “Certifying Center of digital 101, bld. 3, Vernadskogo 100% 0% 7 signatures of Electric power prospekt, Moscow, 119526 industry”, (JSC “CC of Electric 100% 0% power industry”) Open joint stock company 12, Slobodskaya street, 100% 0% 8 “Dalenergosetproject”, Khabarovsk, 680030 (JSC “DESP”) 100% 0%

Open joint stock company 23, Profsoyuznaya street, Chita, 100% 0% 9 “Chitatechenergo” Chita region, Russian (JSC “Chitatechenergo”) Federation, 672090 100% 0%

Open Joint Stock Company 6, Staropromyslovoye shosse, 77% 0% 10 Nurenergo (JSC Nurenergo) Grozny, Chechen Republic 77% 0%

Open joint stock company “Main computer center of power 7, Kitaygorodskiy proezd, 50,0003% 0% 11 industry», (JSC “GVC of power Moscow, Russian Federation 50,0003% 0% industry”)

Closed joint stock company 101, bld. 3, prospect 100% 0% 12 “Agency for Power Balance Vernadskogo, Moscow, Russian Forecasting”, (CJSC “APBE”) Federation, 119526 100% 0% Open joint stock company “Volgaenergosnabkomplekt”, 156, Leninskiy prospect, 100% 0% 13 (JSC Moscow, 117571 100% 0% “Volgaenergosnabkomplekt”) Open joint stock company “Center of electric power 101, bld. 3, prospect 98,56% 0% 14 industry” (JSC “Center of Vernadskogo, Moscow, 119526 98,56% 0% electric power industry”) Open joint stock company 16, bld. 5, Bersenevskaya 100% 0% 15 “Mobile gas turbine electric Embankment, Moscow, 119072 stations”, (JSC “Mobile GTES”) 100% 0%

Open joint stock company “CNII 47, Embankment of Moyka 100% 0% 16 NPK energo”, river, St-Petersburg, Russian (JSC “CNII NPK energo”) Federation 100% 0% 13/5 Podkolokolny pereulok, Open joint stock company Moscow, 109028 / bld. 2, 49.00% 0% 17 “Energotekhcomplect”, Verbnaya street, Moscow, (JSC “Energotekhcomplect”_ 65.34% 0% 107147 Limited liability company “Electric power industry Index – 101, bld. 3, Prospekt 100% 1.19% 18 FGC UES” Vernadskogo, Moscow, 119526 (LLC “Electric power industry 1.19% Index – FGC UES”) Open joint stock company “Tomskiye backbone grids”, 36, Kirova street, Tomsk. 52.03% 0% 19 (JSC “Tomskiye backbone Russian Federation 59.8% 0% grids”) Open joint stock company 5, Tramvaynaya street, 49.00% 0% 20 “Kuban backbone grids”, Krasnodar (JSC “Kuban backbone grids”) 49.00% 0%

Open joint stock company 117, Gorkogo street, Nizhniy 23,58% 0% 21 “Territorial generating company Novgorod, GSP-62, Russian No 6” (JSC “TGK-6”) Federation, 603950 23,58% 0% Open joint stock company 15, Mayakovskogo street, “Volzhskaya territorial 32.18% 0% 22 Samara, Russian Federation, generating company” (JSC 443100 32.18% 0% Volzhskaya TGK” (TGK-7)) Open joint stock company 20, Kirpichnaya street, Penza, 27.45% 0% 23 “Territorial generating company Russian Federation, 440028 No 11” (JSC “TGK-11”) 27.45% 0% Kuzbass open joint stock company of electric power 30, Kuznetskiy prospect, GSP-2, 18.94% 0% 24 industry and electrification (JSC Kemerovo, Russia, 650099 18.94% 0% “Kuzbassenergo”) Open joint stock company “First 1, bld. 1, Odesskaya street, generating company of the 40.17% 0% 25 Tyumen, Tyumen region, wholesale electric power 625023 40.17% 0% market”, JSC “OGK-1” Open joint stock company “Sixth 49, Bolshaya Sadovaya street, generating company of the 9.6% 0% 26 Rostov-on-Don, Russian wholesale electric power Federation, 344007 9.6% 0% market”, JSC “OGK-6”

Open joint stock company Sovetsk, Schekinskiy district, 45.21% 0% 27 “Schekinskiye PGU” (JSC Tula region, Russian Federation, “Schekinskiye PGU”) 301205 45.21% 0% Open joint stock company “Srednevolzhskaya interregional 11, Rozhdestvenskaya street, 50.00% 0% 28 managing energy company”, Nizhniy Novgorod, 603001 50.00% 0% (JSC “SMUEK”)

Open joint stock company 4, Univarsitetskaya street, 33.33% 0% 29 “Uralskaya energy managing Surgut, Tyumen region, Russian company”, (JSC “UEUK”) Federation 33.33% 0% Open joint stock company “Energy institute named after 19, Leninskiy prospect, Moscow, 38.24% 0% 30 G.M. Krzhizhanovskiy”, (JSC Russian Federation, 117927 38.24% 0% “ENIN”) Closed joint stock company 7, Kitaygorodskiy proezd, 49.00% 0% 31 “North-East energy company”) Moscow, 103074 (CJSC “Severovostokenergo”) 49.00% 0% Bashkir open joint stock company of electric power 30, K. Marksa street, Ufa, 21.27% 0% 32 industry and electrification Russian Federation “Bashkirenergo” (JSC 21.27% 0% “Bashkirenergo”) Open joint stock company “Trust 11, Lomonosova street, Kirov, 6.14% 0% 33 Severovostokenergostroy” (JSC 610044 Trust SVES) 6.14% 0% Open Joint Stock Company United Energy System 2, Marshala Gelovani street, 50.00% 0% 34 GruzRosenergo (JSC UES Tbilisi, 0159, Georgia 50.00% 0% GruzRosenero)

Open Joint Stock Company 2a, Shestopalova street, 14.91% 0% 35 Sangtudinskaya GES-1 (JSC Dushanbe, 734033, Republic of Sangtudinskaya GES-1) Tajikistan 14.91% 0% Limited liability company “IT 101, prospect Vernadskogo, 39.99% 0% 36 Energy Service” Moscow, 119526 (LLC IT Energy Service”) 0% 10.1.6. Information about major transactions executed by the Issuer Major transactions (related transactions) with obligations equal or exceeding 10 per cent of net book value of the Issuer assets in accordance with its accounting reports for the latest completed reporting period prior to the transactions executed by the Issuer during 5 last financial years prior to the date of approval of the prospectus of securities issue: Date of transaction: 20.03.2007; Subject and other significant terms of transaction: the Company transfers ordinary registered shares of the additional issue for the amount stipulated by para 2 of Article 62 of the Federal law dated 19 December 2006 No 238-FZ “On 2007 Federal Budget”. The Company uses monetary assets received by as payment for securities in accordance with the Contract to realize its investment program and finance measures for increasing reliability of the Unified national (all-Russian) electric grid and enhancing intersystem electric connections in regions of Russia experiencing shortages of electricity. Information about compliance with requirements of the state registration and/or notary’s certificate of a transaction in cases stipulated by the legislation of the Russian Federation: the abovementioned requirements are not stipulated; Price of the transaction in terms of money and in percentage of net book value of the Issuer assets as of the end date of the latest completed reporting period prior to the date of the transaction: RUR 22,480,000,000, and the percentage of the issuer assets value: 11.05 %; Period to maturity under transaction and information about executing of the mentioned obligations: 20.03.2006, obligations were executed in full; In case of delay in executing obligations under the mentioned transaction by the contractor or the Issuer – reasons for such delay (if the Issuer is aware of them) and consequences for the contractor or the Issuer with indication of penalties stipulated by the terms of the transaction: there were no delays in executing obligations by the contractor or the Issuer; Information about classifying the executed transaction as a major transaction and about approval of the transaction by a management body of the Issuer: the above mentioned transaction is not a major transaction; Other information about the executed transaction disclosed by the Issuer at discretion: none. Date of transaction: 28.07.2006; Subject and other significant terms of transaction: the Company transfers ordinary registered shares of the additional issue for the amount stipulated by para 8 of Article 13 of the Federal law dated 24 July 2007 No 198-FZ “On Federal Budget for 2008 and the planning period 2009 and 2010”. The Company uses monetary assets received by as payment for securities in accordance with the Contract to realize its investment program and finance measures for increasing reliability of the Unified national (all-Russian) electric grid and enhancing intersystem electric connections in regions of Russia experiencing shortages of electricity. Information about compliance with requirements of the state registration and/or notary’s certificate of a transaction in cases stipulated by the legislation of the Russian Federation: the abovementioned requirements are not stipulated; Price of the transaction in terms of money and in percentage of net book value of the Issuer assets as of the end date of the latest completed reporting period prior to the date of the transaction: RUR 31,754,248,404 and the percentage of the issuer assets value: 18.6 %; Period to maturity under transaction and information about executing of the mentioned obligations: under contract No 79-36/KP-11 dated 28.07.2006: within 16 days after the date of the contract, under contract No 79-36/KP-10 dated 28.07.2006: within 15 days after the date of the contract obligations were executed in full; In case of delay in executing obligations under the mentioned transaction by the contractor or the Issuer – reasons for such delay (if the Issuer is aware of them) and consequences for the contractor or the Issuer with indication of penalties stipulated by the terms of the transaction: there were no delays in executing obligations by the contractor or the Issuer; Information about classifying the executed transaction as a major transaction and about approval of the transaction by a management body of the Issuer: the above mentioned transaction is not a major transaction; Other information about the executed transaction disclosed by the Issuer at discretion: none. 10.1.7. Information about credit ratings of the Issuer Subject of credit rating assignment – the issuer: Credit rating as of the date of approval of the Prospectus of securities issue: Rating agency Standard & Poor’s International rating in foreign currency: BBB/positive; International rating in national currency: BBB/positive; National scale (Russia): ruAAA Rating agency Moody` s Investors Service Limited Agency International rating in foreign currency: Вaa2/stable; History of changes in credit rating: from July 11, 2004, rating agency Standard & Poor’s has assigned and is maintaining the issuer’s credit ratings on “B” level on international scale and “ruA+” on Russian scale. On November, 4, 2004, considering favorable macroeconomic changes in Russia, the agency upgraded credit rating of JSC FGC UES on international scale from “B” to “B+” and left the rating on Russian scale unchanged. On December 12, 2005, rating agency Standard & Poor’s upgraded credit rating of JSC FGC UES on international scale from “B+(Stable)” to “B+(Positive)”, and credit rating on Russian scale – “ruA+”. In February 2006 rating agency Moody’s had assigned forward rating on international scale – “(P)Baa2(Stable)” and on Russian scale – “Aaa.ru”. On February 03, 2006, rating agency Moody’s Investors Service Limited Agency assigned and is maintaining the issuer’s credit rating on level (P)Baa2 on international scale and (P)Aaa.ru on national scale. On November, 15, 2006 rating agency Standard & Poor’s confirmed this rating. On February 2, 2007, rating agency Standard & Poor’s upgraded the credit rating of JSC FGC UES up to BB+ (Positive) on international scale and up to AA+ on Russian scale. On April, 4, 2007, rating agency Moody’s confirmed the rating in the result of annual revision of ratings. On October, 31, 2007 rating agency Standard & Poor’s included the Issuer’s rating in the list of ratings subject to upgrading to positive outlook. On March 4, 2008 rating agency Standard & Poor’s upgraded long-term credit rating of JSC FGC UES from BB+ to BBB – up to the level of investment category. At the same time the rating was upgraded from ruAA+ to ruAAA on Russian scale and excluded form the list CreditWatch with positive outlook. Rating on international scale is included in the list CreditWatch with positive outlook. Full and abbreviated trade name (for a non-commercial organization – name): Standard & Poor’s International Services Inc., Standard & Poor’s; Location of an organization that assigned credit rating: Moscow office – 4/7, bld. 2, Vozdvizhenka, Moscow, 125009; Description of methodology of assigning credit rating or Web-site address where information about methodology of credit rating assignment is available for public: http://www. standardandpoors.ru; Full and abbreviated trade name (for a non-commercial organization – name): Moody’s Investor Service Ltd., Moody’s; Location of an organization that assigned credit rating: London office – 2 Minster Court, Mincing Lane, London, EC3R 7XB; New York office – 99 Church street, New York, NY 10007; Description of methodology of assigning credit rating or Web-site address where information about methodology of credit rating assignment is available for public: http://www.moodys.com; Other information about credit rating disclosed by the issuer at discretion: there is no other information. Subject of credit rating assignment (issuer, issuer’s securities) – securities: Credit rating: «RuA+». History of changes in credit rating: on December 20, 2004, rating agency Standard & Poor’s assigned additional credit rating RuA+ to the issue of JSC FGC UES bonds with nominal value of RUR 5 billion and maturity of 1,820 days that were placed on December 21, 2004; On June 22, 2005 rating agency Standard & Poor’s assigned credit rating RuA+ to the second issue of JSC FGC UES bonds with nominal value of RUR 7 billion and maturity of 1,092 days that were placed on June 28, 2005; On December 15, 2005 rating agency Standard & Poor’s assigned additional credit rating RuA+ to the issue of JSC FGC UES bonds with nominal value of RUR 7 billion and maturity of 1,092 days that were placed on December 16, 2006; On October 11, 2006 rating agency Standard & Poor’s assigned additional credit rating RuA+ to the issue of JSC FGC UES bonds with nominal value of RUR 6 billion and maturity of 1,820 days that were placed on October 12, 2006; On December 4, 2006 rating agency Standard & Poor’s assigned credit rating RuA+ to the issue of JSC FGC UES bonds with nominal value of RUR 5 billion and maturity of 1,092 days that were placed on December 5, 2006; Full and abbreviated trade name (for a non-commercial organization – name): Standard & Poor’s International Services Inc., Standard & Poor’s; Location of an organization that assigned credit rating: Moscow office – 4/7, bld. 2, Vozdvizhenka, Moscow, 125009; Description of methodology of assigning credit rating or Web-site address where information about methodology of credit rating assignment is available for public: http://www.standardandpoors.ru; Other information about credit rating disclosed by the issuer at discretion: there is no other information. 10.2. Information about each category (type) of shares of the Issuer Category of shares: ordinary; Form of securities: registered uncertified; Nominal value of each share: RUR 0.50; Number of shares in circulation (number of shares that are not redeemed or cancelled): 1,153,514,196,362 (one trillion one hundred fifty three billion five hundred fourteen million one hundred ninety six thousand three hundred and sixty two) shares; Number of additional shares under placement (number of shares of additional issue in respect of which no report on the results of securities issue was registered): none. Number of ordinary shares – 193,291,627,469 (one hundred ninety three billion two hundred ninety one million six hundred twenty seven thousand four hundred and sixty nine) ordinary registered shares with par value f RUR 0.50 (fifty kopeks) each for total amount of RUR 96,645,813,734 (ninety six billion six hundred forty five million eight hundred thirteen thousand seven hundred and thirty four and fifty kopeks. Number of shares recorded on the balance sheet of the Issuer: 0 Number of additional shares that can be offered in the result of conversion of the placed securities convertible into shares or in the result of execution of obligations under the issuer’s options: 0 The state registration numbers and the date of state registration of the issue and additional issues: 1-01-65018-D dated 10.09.2002 1-01-65018-D-001D dated 21.03.2006 1-01-65018-D-002D dated 23.08.2007 1-01-65097-D-097D dated 03.07.2008 1-01-65098-D-098D dated 03.07.2008 Rights of an owner of shares of this category (type): Each ordinary share provides a shareholder – its owner with equal rights in accordance with the effective legislation. Participate in person or by proxy in a General meeting of shareholders of the Company with voting right for all the issues within its authority; Propose to the agenda of a general meeting in accordance with the procedure provided for by the effective legislation of the Russian Federation and the present Articles of Association; Receive information about the Company operations and survey documents of the Company in accordance with Article 91 of the Federal Law “On joint stock companies”; Receive dividends declared by the Company; Pre-emptive acquisition of additional shares and issued securities placed through public offering and convertible into shares in the amount in proportion to the number of owned shares of this category (type); In case of liquidation of the Company receive portion of its property; Execute other rights stipulated by the legislation of the Russian Federation and the Charter of the Company. Other rights provided for by the legislation of the Russian Federation. In accordance with Article 34 of the Law “On joint stock companies” (hereinafter referred to as “the Law”) share owned by the Company’s founder shall not grant the right of vote until the moment of being paid up in full in the Company Articles of Association do not specify otherwise. In accordance with Article 40 of the Law, shareholders who voted against or did not participate in voting in respect of placement by means of private offering of stock and issuing securities convertible into shares, have pre-emptive right to acquire additional stock and issuing securities convertible into shares placed by means of private offering, in the amount proportional to the amount of owned shares of this category (type). The mentioned right is not applicable to placement of shares and issuing securities convertible into shares by mean of private placement among shareholders, if shareholders are able to acquire integral number of offered shares or other issuing securities convertible into shares, in proportion to the amount of owned shares of this category (type). In accordance with Article 41 of the Law, a person having pre-emptive right to acquire additional stock and issuing securities convertible into shares have the right to execute its pre-emptive right by submitting to the company written application for acquisition of stock and issuing securities convertible in shares, and document confirming payment for stock and issuing securities convertible into shares. In accordance with Article 45 of the Law an entry in the register of shareholders of a company shall be made at the demand of the shareholder or nominee holder not later than three days from the moment of the submission of the documents provided for by legal acts of the Russian Federation. Legal acts of the Russian Federation can stipulate shorter period of making entry in the register of shareholders of a company. In accordance with Article 46 of the Law the holder of the register of shareholders of a company shall at the demand of a shareholder or nominee holder be obliged to confirm its rights to shares by means of the issuance of an extract from the register of stockholders of the company, which is not a security. In accordance with Article 59 of the Law voting at a general meeting of shareholders shall be effectuated according to the principle of “one voting stock of the company - one vote”, except for instances of conducting cumulative voting in the instance provided for by the present Federal Law. In accordance with Article 71 of the Law a company or a shareholder (shareholders) possessing in aggregate not less than 1% of the placed ordinary shares of the company shall have the right to apply to a court with a suit against a member of the board of directors (or supervisory board) of the company, sole executive body of the company (director, general director), member of collegial executive body of the company (management board, directorate), and likewise management organization or manager concerning compensation of losses caused to the company in the event provided for by point 2 of Article 71 of the Law. In accordance with Article 72 of the Law each shareholder – owner of shares of certain categories (types), the decision concerning the acquisition of which is adopted, shall have the right to sell the mentioned shares, and the company shall be obliged to acquire them. In accordance with Article 75 of the Law shareholders – owners of voting shares shall have the right to demand the purchase by the company of all or part of the shares they owned in instances of: - reorganization of the company or the conclusion of a major transaction, the decision concerning the conclusion of which is adopted by the general meeting of stockholders in accordance with para 2 of Article 79 of this Federal Law if they voted against the adoption of the decision concerning its reorganization or the conclusion of the said transaction or did not take part in the voting with regard to these questions - making changes in and additions to the charter of the company or confirmation of the charter of the company in a new edition which limit their rights, if they voted against the adoption of the respective decision or did not take part in the voting. 10.3. Information about previous issues of securities of the Issuer excluding shares of the Issuer 10.3.1. Information about issues of securities repaid in full (canceled) Information about issues of securities repaid in full: Category, series (type), form and other identification characteristics of securities: inconvertible interest bearing certified bearer bonds with mandatory centralized depositing of series 01 (hereinafter referred to as “the Bonds”). State registration number of securities issue, date of the state registration of securities issue; date of the state registration of securities issue: 4-01-65018-D; dated 2 December 2004. Additional issues of securities: none Date of the state registration of a report on results of securities issue: 18 January 2005. Name of registration authority (authorities) for the state registration of securities issue (additional issues) and for the state registration of the report on results of securities issue (additional issues): Federal Service on Financial Markets of Russia. Amount of securities of the issue: 5,000,000 (five million) bonds; Nominal value of each security of the issue: RUR 1,000 (one thousand) each; Volume of securities issue at nominal value: RUR 5,000,000,000 (five billion); Date of maturity of securities of the issue: 18 December 2007; Basis for the issue of securities repayment: fulfillment pf obligations under the securities. 10.3.2. Information about issues of marketable securities 1. Category, series (type), form and other identification characteristics of securities: inconvertible interest bearing certified bearer bonds with mandatory centralized depositing of series 02;. State registration number of securities issue, date of the state registration of securities issue: 4-02-65018- D; date of the state registration of securities issue: 11.05.2005; Name of registration authority (authorities) for the state registration of securities issue: Federal Service on Financial Markets of Russia; Date of the state registration of a report on results of securities issue: 23.08.2005; Name of registration authority (authorities) for the state registration of the report on results of securities issue: Federal Service on Financial Markets of Russia; Amount of securities of the issue: 7,000,000 (seven million) bonds; Nominal value of each security of the issue: RUR 1,000 each; Volume of securities issue at nominal value: RUR 7,000,000,000; Rights assigned under each security of the issue: The Bonds owner has the right to receive amounts of nominal value redemption when due as stipulated by the present Resolution on issue of securities and the Prospectus of issue of securities. The Bonds owner has the right to receive percentage of the nominal value of the Bond (coupon interest) specified on it; procedure of determining the coupon yield is specified in the Resolution on issue of securities and the Prospectus of issue of securities. Procedures for the Bonds owners and /or nominee holders in case if the Issuer refuses to fulfill its obligations under the Bonds of the present issue, non-fulfillment or improper execution of such obligations are described in the Resolution on issue of securities and in the Prospectus of issue of securities. The Issuer undertakes to payback the amount invested to the Bonds owner in case if the issue of the Bonds is declared aborted or invalid in accordance with the legislation of the Russian Federation. The Bond owner has the right to execute other rights provided for by the legislation of the Russian Federation. Procedure and terms for the securities placement: Securities of the issue are laced in full. Securities of the issue are certificated securities with mandatory centralized storage. Full trade name of a depository maintaining centralized storage of securities of the issue: Non- commercial partnership “National Depository Center” Abbreviated trade name of a depository maintaining centralized storage of securities of the issue: NDC Location of a depository maintaining centralized storage of securities of the issue: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow License of professional participant of securities market to carry out depository activity No 177-03431- 000100 Date of issue: 04.12.2000 Validity of license: unlimited duration Authority issued the license: Federal service on securities market Maturity date of the Bonds: Commencing date: 1820th (one thousand eight hundred twentieth) day from the date of the Bonds offering start-up. Expiry date: Commencing date and expiry date of redemption period are the same. Form of the Bonds redemption: The Bonds are redeemed in monetary assets in rubles of the Russian Federation on a clearing basis. The option of selecting redemption form by the Bond owners is not provided for. The Bonds redemption is carried out by the Paying agent on the instructions and at the expense of the Issuer (hereinafter referred to as “the Paying Agent”). If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non-working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. The Bonds are redeemed at nominal value. Nominal value of the Bonds at their redemption is paid in the official currency of the Russian Federation on a clearing basis. Nominal value of the Bonds is paid in accordance with the following procedure: Payment is made in the official currency of the Russian Federation on a clearing basis in favor of the Bonds owners who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the date of the Bonds redemption (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption”). It is assumed that nominee holders of the Bonds – depositors of the National Depository Center are authorized to receive monetary assets on the Bonds redemption. Depositors of the National depository center not authorized by their clients to receive monetary funds under the Bond redemption should submit a list of owners of the Bonds to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the Bonds maturity date; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds for the purpose of paying redeemed amounts. Owner of the Bonds in case if it is not a depositor of the National Depository Center can authorize a nominee holder of the Bonds that is a depositor of the National Depository Center to receive amounts of the Bonds redemption. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder or this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. For the purpose of the Bonds redemption the National depository center prepares a List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption includes the following data: • complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); • amount of the Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; • location and mailing address of the person authorized to receive maturity value under the Bonds; • bank details of the person authorized to receive maturity value under the Bonds, specifically: ƒ account number; ƒ name of the bank (with indication of the city of the bank) where the account is opened; ƒ correspondent account of the bank where the account is opened; ƒ identification code of the bank where the account is opened; • Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); • taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); • Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. Owners of the Bonds, their authorized persons including depositors of the National depository center independently monitor the completeness and relevance of bank details data and submission of data about entities/individuals authorized to receive maturity amounts under the Bonds. In case of failure to submit / untimely submission to the National depository center of the mentioned data, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered duly fulfilled in full. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the Depository. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds in favor of the Bonds owners. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. Fulfillment of obligations under the Bonds in respect of a person included in the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption is considered duly including in case of carving out of the Bonds after the date of preparing of the mentioned List. Obligations of the Issuer in respect of payment of the Bonds maturity value are considered as fulfilled from the moment of writing off funds from the Issuer account and/ or the account of the Paying agent to pay maturity value in favor of the Bonds owners. Maturity terms of the Bonds of the issue: Commencing date: 1820th (one thousand eight hundred twentieth) day from the date of the Bonds offering start-up. Expiry date: Commencing date and expiry date of redemption period are the same. Amount of coupon (interest) yield payable under the Bonds, procedure and terms of payment: Interest rate under the first coupon of 8.25 (eight and twenty five hundredth) percent per annum is approved by the executive body (the Chairman of the Management Board) of JSC FGC UES. Date of the resolution on determining the amount (procedure of determining the amount) of interest rate (interest) under the Bonds of the issuer: 28.06.2005. Coupon (interest) period Amount of coupon (interest) yield Commencing date Expiry date 1. Coupon: 1 The date of the Bonds 182nd (one hundred Interest rate under the first coupon is determined (taken offering start-up eighty second) day into account offers submitted) by a tender through SE from the date of the MICEX among potential buyers of the Bonds on the date Bonds offering start- of the Bonds offering start-up. Procedure and terms of up. the tender are given in para 8.3 of the Resolution on the issue of securities and in para 2.7 of the Prospectus. 2. Coupon: 2 182nd (one hundred 364th (three hundred Interest ate under the second coupon is set equal to the eighty second) day from sixty fourth) day from interest rate under the first coupon. the date of the Bonds the date of the Bonds offering start-up. offering start-up. 3. Coupon: 3 364th (three hundred 546th (five hundred Interest rate under the third coupon is set equal to the sixty fourth) day from the forty sixth) day from interest rate under the first coupon. date of the Bonds the date of the Bonds offering start-up. offering start-up. 4. Coupon: 4 546th (five hundred forty 728th (seven hundred Interest rate under the fourth coupon is set equal to the sixth) day from the date twenty eighth) day interest rate under the first coupon. of the Bonds offering from the date of the start-up. Bonds offering start- up. 5. Coupon: 5 728th (seven hundred 910th (nine hundred Interest rate under the fifth coupon is set equal to the twenty eighth) day from tenth) day from the interest rate under the first coupon. the date of the Bonds date of the Bonds offering start-up. offering start-up. 6. Coupon: 6 910th (nine hundred 1092nd (one thousand Interest rate under the sixth coupon is set equal to the tenth) day from the date ninety second) day interest rate under the first coupon. of the Bonds offering from the date of the start-up. Bonds offering start- up. 7. Coupon: 7 1092nd (one thousand 1274th (one thousand Interest rate under the sixth coupon is set equal to the ninety second) day from two hundred seventy interest rate under the first coupon. the date of the Bonds fourth) day from the offering start-up. date of the Bonds offering start-up. 8. Coupon: 8 1274th (one thousand two 1456th (one thousand Interest rate under the sixth coupon is set equal to the hundred seventy fourth) four hundred fifty interest rate under the first coupon. day from the date of the sixth) day from the Bonds offering start-up. date of the Bonds offering start-up. 9. Coupon: 9 1456th (one thousand 1638th (one thousand Interest rate under the sixth coupon is set equal to the four hundred fifty sixth) six hundred thirty interest rate under the first coupon. day from the date of the eighth) day from the Bonds offering start-up. date of the Bonds offering start-up. 10. Coupon: 10 1638th (one thousand six 1820th (one thousand Interest rate under the sixth coupon is set equal to the hundred thirty eighth) eight hundred interest rate under the first coupon. day from the date of the twentieth) day from the Bonds offering start-up. date of the Bonds offering start-up. The amount payable under each coupon on a per Bond basis is calculated by the formula: Кj = Cj * Nom * ((Tj - Tj-1)/ 365)/ 100 %, where j - the sequence number of coupon period, j=1-10; Кj - the amount of coupon yield on a per Bond basis (RUR); Nom – nominal value of one Bond (RUR); Cj - interest rate under j coupon under jth Coupon, (RUR); Tj-1 - commencing date of j Coupon Period; Tj - expiry date of j Coupon Period. The amount of payments under any coupon on a per Bond basis is determined correct to RUR 0,01 (rounding is made in accordance with rules of mathematical rounding. Herewith mathematical rounding means the rounding method when the integral value of a kopek (kopeks) does not change if the first numeric character following the rounding numeric character equals from 0 to 4, and increases by one if the first numeric character following the rounding numeric character equals from 5 to 9). Procedure and period of bond yield payment including procedure and period of payments under each coupon. Coupon (interest) yield Date of settling a list of Coupon (interest) period payment period (date) bonds owners to pay coupon (interest) yield Commencing date Expiry date Commencing date 1. Coupon: 1 The date of the Bonds 182nd (one hundred 182nd (one hundred eighty The end of business day of offering start-up. eighty second) day from second) day from the date the National depository the date of the Bonds of the Bonds offering start- center prior to the 3rd offering start-up. up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: If the date of coupon yield payment falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non- working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. Coupon yield under the Bonds is paid in the official currency of the Russian Federation on a clearing basis. Coupon yield under the Bonds is paid in accordance with the following procedure: Payment is made in the official currency of the Russian Federation on a clearing basis in favor of the Bonds owners who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the date of the Bonds redemption (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption”). It is assumed that nominee holders – depositors of the National depository center are authorized to receive the amounts of the Bond yield. Depositor of the National depository center who is not authorized by its clients to receive the Bond yield should submit a list of owners of the Bonds to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the date of payment of coupon yield under the Bonds; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds for the purpose of coupon yield payment. In case if owner of the Bonds is not a depositor with the National Depository Center, it can authorize nominee holder of the Bonds that is a depositor with the National Depository Center to receive payments under the Bonds. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder and this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. The National depository center prepares the List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds for the purposes of coupon yield payments includes the following data: complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); amount of Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; location and mailing address of the person authorized to receive maturity value under the Bonds; bank details of the person authorized to receive maturity value under the Bonds, specifically: account number; name of the bank (with indication of a city of the bank) where the account is opened; correspondent account of the bank where the account is opened; identification code of the bank where the account is opened; Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. Owners of the Bonds, their authorized persons including depositors of the National depository center independently monitor the completeness and relevance of bank details data and submission of data about entities/individuals authorized to receive maturity amounts under the Bonds. In case of failure to submit / untimely submission to the National depository center of the mentioned data, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the National depository center. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds in favor of the Bonds owners. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. Fulfillment of obligations under the Bonds in respect of a person included in the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption is considered duly including in case of carving out of the Bonds after the date of preparing of the mentioned List. There is no coupon yield accrued and paid under unallocated Bonds. Obligations of the Issuer in respect of payment of the Bonds maturity value are considered as fulfilled from the moment of writing off funds from the Issuer account and/ or the account of the Paying agent to pay maturity value in favor of the Bonds owners. 2. Coupon: 2 182nd (one hundred 364th (three hundred 364th (three hundred sixty The end of business day of eighty second) day from sixty fourth) day from fourth) day from the date the National depository the date the Bonds the date of the Bonds of the Bonds offering start- center prior to the 3rd offering start-up. offering start-up. up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the second coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 3. Coupon: 3 364th (three hundred 546th (five hundred 546th (five hundred forty The end of business day of sixty fourth) day from the forty sixth) day from the sixth) day from the date of the National depository date the Bonds offering date of the Bonds the Bonds offering start- center prior to the 3rd start-up. offering start-up. up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the third coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 4. Coupon: 4 546th (five hundred forty 728th (seven hundred 728th (seven hundred The end of business day of sixth) day from the date twenty eighth) day from twenty eighth) day from the National depository the Bonds offering start- the date of the Bonds the date of the Bonds center prior to the 3rd up. offering start-up. offering start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the fourth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 5. Coupon: 5 728th (seven hundred 910th (nine hundred 910th (nine hundred tenth) The end of business day of twenty eighth) day from tenth) day from the date day from the date of the the National depository the date the Bonds of the Bonds offering Bonds offering start-up. center prior to the 3rd offering start-up. start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the fifth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 6. Coupon: 6 910th (nine hundred 1092nd (one thousand 1092nd (one thousand The end of business day of tenth) day from the date ninety second) day from ninety second) day from the National depository the Bonds offering start- the date of the Bonds the date of the Bonds center prior to the 3rd up. offering start-up. offering start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the sixth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 7. Coupon: 7 1092nd (one thousand 1274th (one thousand 1274th (one thousand two The end of business day of ninety second) day from two hundred seventy hundred seventy fourth) the National depository the date the Bonds fourth) day from the day from the date of the center prior to the 3rd offering start-up. date of the Bonds Bonds offering start-up. (third) working day before offering start-up. the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the sixth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 8. Coupon: 8 1274th (one thousand two 1456th (one thousand 1456th (one thousand four The end of business day of hundred seventy fourth) four hundred fifty sixth) hundred fifty sixth) day the National depository day from the date the day from the date of the from the date of the Bonds center prior to the 3rd Bonds offering start-up. Bonds offering start-up. offering start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the sixth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 9. Coupon: 9 1456th (one thousand 1638th (one thousand 1638th (one thousand six The end of business day of four hundred fifty sixth) six hundred thirty hundred thirty eighth) day the National depository day from the date the eighth) day from the from the date of the Bonds center prior to the 3rd Bonds offering start-up. date of the Bonds offering start-up. (third) working day before offering start-up. the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the sixth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 10. Coupon: 10 1638th (one thousand six 1820th (one thousand 1820th (one thousand eight The end of business day of hundred thirty eighth) eight hundred twentieth) hundred twentieth) day the National depository day from the date the day from the date of the from the date of the Bonds center prior to the 3rd Bonds offering start-up. Bonds offering start-up. offering start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the sixth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. There is no provision for early redemption. The amount payable under each coupon on a per Bond basis is calculated by the formula: Кj = Cj * Nom * ((Tj - Tj-1)/ 365)/ 100 %, where j - the sequence number of coupon period, j=1-10; Кj - the amount of coupon yield on a per Bond basis (RUR); Nom - nominal value of one Bond (RUR); Cj - interest rate under j coupon, (RUR); Tj-1 - commencing date of j Coupon Period; Tj - expiry date of j Coupon Period. The amount of payments under any coupon on a per Bond basis is determined correct to RUR 0.01 (rounding is made in accordance with rules of mathematical rounding. Herewith mathematical rounding means the rounding method when the integral value of a kopek (kopeks) does not change if the first numeric character following the rounding numeric character equals from 0 to 4, and increases by one if the first numeric character following the rounding numeric character equals from 5 to 9) Coupon yield for each coupon is paid at expiry date of a respective coupon period. If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non-working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. The Bonds are redeemed in rubles of the Russian Federation on a clearing basis. 2. Category, series (type), form and other identification characteristics of securities: inconvertible interest bearing certified bearer bonds with mandatory centralized depositing of series 03. state registration number of securities issue, date of the state registration of securities issue: 4-03-65018- D; date of the state registration of securities issue: 24.11.2005; date of the state registration of a report on results of securities issue: 24.01.2006; name of registration authority (authorities) for the state registration of securities issue and the report on results of securities issue: Federal Service on Financial Markets of Russia; amount of securities of the issue: 7,000,000 (seven million) bonds; nominal value of each security of the issue: RUR 1,000 (one thousand) each; volume of securities issue at nominal value: RUR 7,000,000,000; number of the securities of the issue in circulation: 6,950,000 Bonds. Rights assigned under each security of the issue: The Bonds represent direct unqualified obligations of the Open joint stock company “Federal Grid Company of the Unified Energy System” (hereinafter referred to as “the Issuer”). The Bonds owner has the right to receive amounts of nominal value redemption when due as stipulated by the present Resolution on the securities issue (hereinafter referred to as “the Resolution on the securities issue”) and the Prospectus of the securities issue (hereinafter referred to as “the Prospectus”). The Bonds owner has the right to receive percentage of the nominal value of the Bond (coupon interest) specified on it; procedure of determining the coupon yield is specified in the Resolution on the securities issue and the Prospectus of the securities issue. Procedures for the Bonds owners and /or nominee holders in case if the Issuer refuses to fulfill its obligations under the Bonds of the present issue, non-fulfillment or improper execution of such obligations are described in the Resolution on the securities issue and in the Prospectus of the securities issue. The Issuer undertakes to payback the amount invested to the Bonds owner in case if the issue of the Bonds is declared aborted or invalid in accordance with the legislation of the Russian Federation. Owner of the Bonds has the right to claim early redemption of the Bonds and payment of accumulated coupon interest calculated as of the date of fulfillment of obligations on early redemption of the Bonds in the case of: • non-fulfillment of the Issuer obligations to pay coupon interest on the Bonds of the present issue upon the expiry of 7 (seven) business days from the date of payment of a respective coupon interest as stipulated in accordance with the Resolution of the issue of securities and the Prospectus of the securities issue; • non-fulfillment of the Issuer obligations to pay coupon interest on the Bonds of the present issue upon the expiry of 7 (seven) business days and/or redeem upon expiry of 30 (thirty) days the Issuer Bonds of series 01 with the state registration number 4-01-65018-D and 02 with the state registration number 4-02-65018-D. In addition to the abovementioned rights, the Bond owner has the right to execute other rights provided for by the legislation of the Russian Federation. Depository carrying out centralized storage of securities of the issue: Full trade name: Non-commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow License of professional participant of securities market to carry out depository activity No177-03431- 000100 Date of issue: 04.12.2000 Validity of license: unlimited duration Authority issued the license: Federal service on securities market Procedure and terms of securities redemption: The Bonds are redeemed in monetary assets in rubles of the Russian Federation on a clearing basis. The option of selecting redemption form by the Bond owners is not provided for. The Bonds redemption is carried out by the Paying agent on the instructions and at the expense of the Issuer (hereinafter referred to as “the Paying Agent”). If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non-working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. The Bonds are redeemed at nominal value. Nominal value of the Bonds at their redemption is paid in the official currency of the Russian Federation on a clearing basis. Nominal value of the Bonds is paid in accordance with the following procedure: Payment is made in the official currency of the Russian Federation on a clearing basis in favor of the Bonds owners who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the date of the Bonds redemption (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption”). It is assumed that nominee holders of the Bonds – depositors of the National Depository Center are authorized to receive monetary assets on the Bonds redemption. Depositors of the National depository center not authorized by their clients to receive monetary funds under the Bond redemption should submit a list of owners of the Bonds to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the Bonds maturity date; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds for the purpose of paying redeemed amounts. Owner of the Bonds in case if it is not a depositor of the National Depository Center can authorize a nominee holder of the Bonds that is a depositor of the National Depository Center to receive amounts of the Bonds redemption. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder or this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. For the purpose of the Bonds redemption the National depository center prepares a List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption includes the following data: • complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); • amount of the Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; • location and mailing address of the person authorized to receive maturity value under the Bonds; • bank details of the person authorized to receive maturity value under the Bonds, specifically: ƒ account number; ƒ name of the bank (with indication of the city of the bank) where the account is opened; ƒ correspondent account of the bank where the account is opened; ƒ identification code of the bank where the account is opened; • Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); • taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); • Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. Owners of the Bonds, their authorized persons including depositors of the National depository center independently monitor the completeness and relevance of bank details data and submission of data about entities/individuals authorized to receive maturity amounts under the Bonds. In case of failure to submit / untimely submission to the National depository center of the mentioned data, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds in favor of the Bonds owners. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. Fulfillment of obligations under the Bonds in respect of a person included in the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption is considered duly including in case of carving out of the Bonds after the date of preparing of the mentioned List. Maturity terms of the Bonds of the issue: Commencing date: 1092nd (one thousand ninety second) day from the day from the date of the Bonds offering start-up Expiry date: Commencing date and expiry date of redemption period are the same. Procedure for determining yield payable under each Bond. Interest rate under the first coupon of 7.10 (seven and ten hundredth) percent per annum is approved by the executive body (the Chairman of the Management Board) of JSC FGC UES. Date of the resolution on determining the amount (procedure of determining the amount) of interest rate (interest) under the Bonds of the issuer: 16.12.2005.

Coupon (interest) period Amount of coupon (interest) yield Commencing date Expiry date 1. Coupon: 1 The date of the Bonds 182nd (one hundred Interest rate under the first coupon is determined (taken offering start-up eighty second) day from into account offers submitted) by a tender through SE the date of the Bonds MICEX among potential buyers of the Bonds on the offering start-up. date of the Bonds offering start-up. Procedure and terms of the tender are given in para 8.3 of the Resolution on the issue of securities and in para 2.7 of the Prospectus. 2. Coupon: 2 182nd (one hundred 364th (three hundred Interest ate under the second coupon is set equal to the eighty second) day from sixty fourth) day from interest rate under the first coupon. the date of the Bonds the date of the Bonds offering start-up. offering start-up. 3. Coupon: 3 364th (three hundred 546th (five hundred Interest rate under the third coupon is set equal to the sixty fourth) day from the forty sixth) day from the interest rate under the first coupon. date of the Bonds date of the Bonds offering start-up. offering start-up. 4. Coupon: 4 546th (five hundred forty 728th (seven hundred Interest rate under the fourth coupon is set equal to the sixth) day from the date twenty eighth) day from interest rate under the first coupon. of the Bonds offering the date of the Bonds start-up. offering start-up. 5. Coupon: 5 728th (seven hundred 910th (nine hundred Interest rate under the fifth coupon is set equal to the twenty eighth) day from tenth) day from the date interest rate under the first coupon. the date of the Bonds of the Bonds offering offering start-up. start-up. 6. Coupon: 6 910th (nine hundred 1092nd (one thousand Interest rate under the sixth coupon is set equal to the tenth) day from the date ninety second) day from interest rate under the first coupon. of the Bonds offering the date of the Bonds start-up. offering start-up. The amount payable under each coupon on a per Bond basis is calculated by the formula: Кj = Cj*Nom*(T(j) - T(j -1)) / (365 * 100%), where, j - the sequence number of coupon period, j = 1 - 6; Kj - the amount of coupon yield on a per Bond basis (RUR); Nom - nominal value of one Bond (RUR); Cj - interest rate under j coupon, % per year; T(j -1) - commencing date of j Coupon Period; T(j) - expiry date of j Coupon Period. The amount of payments under any coupon on a per Bond basis is determined correct to RUR 0,01 (rounding is made in accordance with rules of mathematical rounding. Herewith mathematical rounding means the rounding method when the integral value of a kopek (kopeks) does not change if the first numeric character following the rounding numeric character equals from 0 to 4, and increases by one if the first numeric character following the rounding numeric character equals from 5 to 9). Procedure and period of bond yield payment including procedure and period of payments under each coupon.

Coupon (interest) period Coupon (interest) yield Date of settling a list of payment period (date) bonds owners to pay coupon (interest) yield Commencing date Expiry date 1. Coupon: 1 The date of the Bonds 182nd (one hundred 182nd (one hundred eighty The end of business day of offering start-up. eighty second) day from second) day from the date the National depository the date of the Bonds of the Bonds offering start- center prior to the 3rd offering start-up. up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: If the date of coupon yield payment falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non- working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. Coupon yield under the Bonds is paid in the official currency of the Russian Federation on a clearing basis. Coupon yield under the Bonds is paid in accordance with the following procedure: Payment is made in the official currency of the Russian Federation on a clearing basis in favor of the Bonds owners who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the date of the Bonds redemption (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption”). It is assumed that nominee holders – depositors of the National depository center are authorized to receive the amounts of the Bond yield. Depositor of the National depository center who is not authorized by its clients to receive the Bond yield should submit a list of owners of the Bonds to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the date of payment of coupon yield under the Bonds; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds for the purpose of coupon yield payment. In case if owner of the Bonds is not a depositor with the National Depository Center, it can authorize nominee holder of the Bonds that is a depositor with the National Depository Center to receive payments under the Bonds. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder and this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. The National depository center prepares the List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds for the purposes of coupon yield payments includes the following data: complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); amount of Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; location and mailing address of the person authorized to receive maturity value under the Bonds; bank details of the person authorized to receive maturity value under the Bonds, specifically: account number; name of the bank (with indication of a city of the bank) where the account is opened; correspondent account of the bank where the account is opened; identification code of the bank where the account is opened; Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. Owners (owner) of the Bonds, their authorized persons including depositors of the National depository center independently monitor the completeness and relevance of bank details data and submission of data about entities/individuals authorized to receive maturity amounts under the Bonds. In case of failure to submit / untimely submission to the National depository center of the mentioned data, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the National depository center. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds in favor of the Bonds owners. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. Fulfillment of obligations under the Bonds in respect of a person included in the List of owners and/or nominee holders of the Bonds for the purpose of the Bonds redemption is considered duly including in case of carving out of the Bonds after the date of preparing of the mentioned List. There is no coupon yield accrued and paid under unallocated Bonds. 2. Coupon: 2 182nd (one hundred 364th (three hundred 364th (three hundred sixty The end of business day of eighty second) day from sixty fourth) day from fourth) day from the date the National depository the date the Bonds the date of the Bonds of the Bonds offering start- center prior to the 3rd offering start-up. offering start-up. up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the second coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds.. 3. Coupon: 3 364th (three hundred 546th (five hundred 546th (five hundred forty The end of business day of sixty fourth) day from the forty sixth) day from the sixth) day from the date of the National depository date the Bonds offering date of the Bonds the Bonds offering start- center prior to the 3rd start-up. offering start-up. up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the third coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 4. Coupon: 4 546th (five hundred forty 728th (seven hundred 728th (seven hundred The end of business day of sixth) day from the date twenty eighth) day from twenty eighth) day from the National depository the Bonds offering start- the date of the Bonds the date of the Bonds center prior to the 3rd up. offering start-up. offering start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the fourth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 5. Coupon: 5 728th (seven hundred 910th (nine hundred 910th (nine hundred tenth) The end of business day of twenty eighth) day from tenth) day from the date day from the date of the the National depository the date the Bonds of the Bonds offering Bonds offering start-up. center prior to the 3rd offering start-up. start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the fifth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. 6. Coupon: 6 910th (nine hundred 1092nd (one thousand 1092nd (one thousand The end of business day of tenth) day from the date ninety second) day from ninety second) day from the National depository the Bonds offering start- the date of the Bonds the date of the Bonds center prior to the 3rd up. offering start-up. offering start-up. (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon yield under the sixth coupon of the Bonds is similar to the procedure of paying coupon yield under the first coupon of the Bonds. The List of Owners and/or nominee holders of the Bonds prepared for the purpose of the Bonds redemption is used for the purpose of paying coupon yield under the sixth coupon. coupon yield under the sixth coupon is paid simultaneously with the Bonds redemption. 3. Category, series (type), form and other identification characteristics of securities: inconvertible interest bearing certified bearer bonds with mandatory centralized depositing of series 04; state registration number of securities issue, date of the state registration of securities issue: 4-04-65018-D dated 07.09.2006; date of the state registration of a report on results of securities issue: 08.11.2006; name of registration authority (authorities) for the state registration of securities issue and the report on results of securities issue: Federal Service on Financial Markets of Russia; amount of securities of the issue: 6,000,000 (six million) bonds; nominal value of each security of the issue: RUR 1,000 (one thousand) each; volume of securities issue at nominal value: RUR 6,000,000,000 (six billion); rights assigned under each security of the issue: the Bonds represent direct unqualified obligations of the Open joint stock company “Federal Grid Company of the Unified Energy System” (hereinafter referred to as “the Issuer”). Each Bond of the present issue provides equal measure of rights to its owner. • The Bond owner has the right to receive the amount of nominal value of the Bond on maturity provided for by the Bond; • The Bond owner has the right to receive percentage of the nominal value of the Bond (coupon interest) upon completion of each coupon Period in accordance with the Resolution on the securities issue (hereinafter referred to as “the Resolution on the securities issue”) and the Prospectus of the securities issue (hereinafter referred to as “the Prospectus”); • The Bond owner has the right to sell and dispose otherwise the Bond without restraint. The owner of the Bond who purchased the Bond during initial offering has no right to execute any transactions with the Bond prior to the state registration of the report on results of the securities issue in accordance with the legislation of the Russian Federation. • The Bond owner has the right to recover amount invested in case if the issue of the Bonds is declared aborted or invalid in accordance with the legislation of the Russian Federation; • Procedures for the Bonds owners and /or nominee holders in case if the Issuer refuses to fulfill its obligations under the Bonds of the present issue, non-fulfillment or improper execution of such obligations are described in the Resolution on the securities issue and in the Prospectus of the securities issue; • The Bond owner has the right to execute other rights provided for by the legislation of the Russian Federation. Full trade name of a depository carrying out centralized storage of securities of the issue: Non- commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow License of professional participant of securities market to carry out depository activity No177-03431- 000100 Date of issue: 04.12.2000 Validity of license: unlimited duration Authority issued the license: Federal service on securities market Procedure and terms of securities redemption: Date of the Bonds maturity: 1820th (one thousand eight hundred twentieth) day from the date of the Bonds offering start-up. Date (procedure for determining date) of settling a list of bonds owners for the purpose of bonds redemption: The Bonds are redeemed in favor of the Bonds owners who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the date of the Bonds redemption (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds”). Redemption of the Bonds in relation to the owner included in the List of owners and/or nominee holders of the Bonds is rendered competent including in the event of the Bonds carve-out after the Date of the List of owners and/or nominee holders of the Bonds. Other terms and procedure of the Bonds redemption: The Bonds are redeemed at nominal value. The Bonds redemption is carried out by the Paying agent on the instructions and at the expense of the Issuer (hereinafter referred to as “the Paying Agent”). The Bonds are redeemed in monetary assets in rubles of the Russian Federation on a clearing basis in favor of the Bonds owners. It is assumed that nominee holders of the Bonds – depositors of the National Depository Center are authorized to receive monetary assets on the Bonds redemption. The Issuer fulfils its obligations on the Bonds redemption on the basis of list of owners and/or nominee holders submitted to the National Depository Center (hereinafter referred to as “the List of owners and/or nominee holders”). Depositor of the National depository center not authorized by its clients to receive monetary funds under the Bond redemption should submit a list of the Bonds owners to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the Bonds maturity date; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder or this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. The National depository center prepares a List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds includes the following data: a) complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); b) number of the Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; c) location and mailing address of the person authorized to receive maturity value under the Bonds; d) bank details of the person authorized to receive maturity value under the Bonds, specifically: ƒ account number; ƒ name of the bank where the account is opened; ƒ correspondent account of the bank where the account is opened; ƒ identification code of the bank where the account is opened; e) Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); f) taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); g) Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. In addition to the above mentioned information the nominee holder must submit to the National depository center and the National depository center must include the following information into the List of owners and/or nominee holders of the Bonds in respect of individuals and legal entities – nonresidents of the Russian Federation who are owners of the Bonds irrespective of whether the nominee holder is authorized to receive maturity value under the Bonds or not: h) in case when the owner of the Bonds is a legal entity – nonresident: ƒ personal identification number (IIN) (if available); i) in case when the owner of the Bonds is an individual: ƒ type, number, date and place of issue of the document proving identity of the owner, name of the authority that issued the document; ƒ date, month and year of birth of the owner; ƒ place of domicile and mailing address of the owner including postcode; ƒ taxable status of the owner; ƒ number of a certificate of the state retirement insurance of the owner (if available); ƒ Tax Payer ID Number (INN) of the owner (if available). Owners of the Bonds, their authorized persons including depositors of the National depository center on a timely basis must provide to the National depository center the data required and independently monitor the completeness and relevance of data submitted to the National depository center and bear all the risks related to failure to submit / untimely submission of data. In case of failure to submit / untimely submission to the National depository center of data required by the Issuer to fulfill its obligations under the Bonds, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. In cases provided for by the contract with the National depository center the Issuer has the right to require confirmation of such data with the Bond rights accounting data. Redemption of the Bonds in relation to the owner included in the List of owners and/or nominee holders of the Bonds is rendered competent including in the event of the Bonds carve-out after the Date of the List of owners and/or nominee holders of the Bonds. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the National depository center. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds that are specified in the List of owners and/or nominee holders of the Bonds. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. Nominee holders of the Bonds who are not the owners of the Bonds transfer the funds received in the result of the Bonds redemption to the owners of the Bonds in accordance with the procedure determined between the nominee holder of the Bonds and the owner of the Bonds. Upon redemption of the Bonds coupon yield is also paid for the last coupon Period. If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non-working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. The Bonds are written off the custody account when the Issuer has fulfilled all its obligations to the Bonds owners on paying income and nominal value of the Bonds. Certificates are redeemed upon writing-off the Bonds from custody accounts in the National depository center. Amount of interest (coupon) yield under the bonds, the procedure and terms of its payment: Procedure for determining the yield Coupon (interest) period Amount of coupon (interest) yield Commencing date Expiry date 1. Coupon: Interest rate under the first coupon – C(1) is determined by a tender of potential buyers of the Bonds on the date of the Bonds offering start-up. Procedure and terms of the tender are given in para 8.3 of the Resolution on the issue of securities and in para 2.7 of the Prospectus. Commencing date of the Expiry date of the First The amount payable under the first coupon on a per First Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the date of the Bonds 182nd (one hundred K(1) = C(1) * N * (T(1) – T(0)) / 365 / 100%, where: offering start-up. eighty second) day from K(1) – the amount of payments under the first coupon the date of the Bonds on a per Bond basis, RUR; offering start-up. N – nominal value of one Bond, RUR; C(1) – interest rate under the first coupon, % per year; T(0) – commencing date of the First Coupon Period; T(1) – expiry date of the First Coupon Period. 2. Coupon: Interest rate under the second coupon – C(2) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the The amount payable under the second coupon on a per Second Coupon Period is Second Coupon Period Bond basis is calculated by the formula: the 182nd (one hundred is the 364th (three K(2) = C(2) * N * (T(2) – T(1)) / 365 / 100%, where: eighty second) day from hundred sixty fourth) K(2) – the amount of payments under the second coupon the date of the Bonds day from the date of the offering start-up. Bonds offering start-up. on a per Bond basis; N – nominal value of one Bond; C(2) – interest rate under the second coupon; T(1) – commencing date of the Second Coupon Period; T(2) – expiry date of the Second Coupon Period. 3. Coupon: Interest rate under the third coupon – C(3) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Third The amount payable under the second coupon on a per Third Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 364th (three hundred 546th (five hundred K(3) = C(3) * N * (T(3) – T(2)) / 365 / 100%, where: sixty fourth) day from the forty sixth) day from the K(3) – the amount of payments under the third coupon date of the Bonds date of the Bonds on a per Bond basis; offering start-up. offering start-up. N – nominal value of one Bond; C(3) – interest rate under the third coupon; T(2) – commencing date of the Third Coupon Period; T(3) – expiry date of the Third Coupon Period. 4. Coupon: Interest rate under the fourth coupon – C(4) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the The amount payable under the second coupon on a per Fourth Coupon Period is Fourth Coupon Period is Bond basis is calculated by the formula: the 546th (five hundred the 728th (seven K(4) = C(4) * N * (T(4) – T(3)) / 365 / 100%, where: forty sixth) day from the hundred twenty eighth) K(4) – the amount of payments under the fourth coupon date of the Bonds day from the date of the on a per Bond basis; offering start-up. Bonds offering start-up. N – nominal value of one Bond; C(4) – interest rate under the fourth coupon; T(3) – commencing date of the Fourth Coupon Period; T(4) – expiry date of the Fourth Coupon Period. 5. Coupon: Interest rate under the fifth coupon – C(5) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Fifth The amount payable under the fifth coupon on a per Fifth Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 728th (seven hundred 910th (nine hundred K(5) = C(5) * N * (T(5) – T(4)) / 365 / 100%, where: twenty eighth) day from tenth) day from the date K(5) – the amount of payments under the fifth coupon the date of the Bonds of the Bonds offering on a per Bond basis; offering start-up. start-up. N – nominal value of one Bond; C(5) – interest rate under the fifth coupon; T(4) – commencing date of the Fifth Coupon Period; T(5) – expiry date of the Fifth Coupon Period. 6. Coupon: interest rate under the sixth coupon – C(6) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Sixth The amount payable under the sixth coupon on a per Sixth Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 910th (nine hundred 1092nd (one thousand K(6) = C(6) * N * (T(6) – T(5)) / 365 / 100%, where: tenth) day from the date ninety second) day from K(6) – the amount of payments under the sixth coupon of the Bonds offering the date of the Bonds on a per Bond basis; start-up. offering start-up. N – nominal value of one Bond; C(6) – interest rate under the sixth coupon; T(5) – commencing date of the Sixth Coupon Period; T(6) – expiry date of the Sixth Coupon Period. 7. Coupon: interest rate under the seventh coupon – C(7) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the The amount payable under the seventh coupon on a per Seventh Coupon Period is Seventh Coupon Period Bond basis is calculated by the formula: the 1092nd (one thousand is the 1274th (one K(7) = C(7) * N * (T(7) – T(6)) / 365 / 100%, where: ninety second) day from thousand two hundred K(7) – the amount of payments under the seventh the date of the Bonds seventy fourth) day coupon on a per Bond basis; offering start-up. from the date of the Bonds offering start-up. N – nominal value of one Bond; C(7) – interest rate under the seventh coupon; T(6) – commencing date of the Seventh Coupon Period; T(7) – expiry date of the Seventh Coupon Period. 8. Coupon: interest rate under the eighth coupon – C(8) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the The amount payable under the eighth coupon on a per Eighth Coupon Period is Eighth Coupon Period is Bond basis is calculated by the formula: the 1274th (one thousand the 1456th (one K(8) = C(8) * N * (T(8) – T(7)) / 365 / 100%, where: two hundred seventy thousand four hundred K(8) – the amount of payments under the eighth coupon fourth) day from the date fifty sixth) day from the on a per Bond basis; of the Bonds offering date of the Bonds start-up. offering start-up. N – nominal value of one Bond; C(8) – interest rate under the eighth coupon; T(7) – commencing date of the Eighth Coupon Period; T(8) – expiry date of the Eighth Coupon Period. 9. Coupon: interest rate under the ninth coupon – C(9) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Ninth The amount payable under the ninth coupon on a per Ninth Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 1456th (one thousand 1638th (one thousand K(9) = C(9) * N * (T(9) – T(8)) / 365 / 100%, where: four hundred fifty sixth) six hundred thirty K(9) – the amount of payments under the ninth coupon day from the date of the eighth) day from the on a per Bond basis; Bonds offering start-up. date of the Bonds offering start-up. N – nominal value of one Bond; C(9) – interest rate under the Ninth coupon; T(8) – commencing date of the Ninth Coupon Period; T(9) – expiry date of the Ninth Coupon Period. 10. Coupon: interest rate under the tenth coupon – C(10) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Tenth The amount payable under the tenth coupon on a per Tenth Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 1638th (one thousand 1820th (one thousand K(10) = C(10) * N * (T(10) – T(9)) / 365 / 100%, six hundred thirty eighth) eight hundred twentieth) where: day from the date of the day from the date of the K(10) – the amount of payments under the tenth coupon Bonds offering start-up. Bonds offering start-up. on a per Bond basis; N – nominal value of one Bond; C(10) – interest rate under the Tenth coupon; T(9) – commencing date of the Tenth Coupon Period; T(10) – expiry date of the Tenth Coupon Period. The amount of payments under any coupon on a per Bond basis is determined correct to RUR 0.01 (rounding is made in accordance with rules of mathematical rounding. Herewith mathematical rounding means the rounding method when the integral value of a kopek (kopeks) does not change if the first numeric character following the rounding numeric character equals from 0 to 4, and increases by one if the first numeric character following the rounding numeric character equals from 5 to 9). Procedure and period of bond yield payment including procedure and period of payments under each coupon. Interest rate under the first coupon of 7.3 (seven and three tenth) percent per annum is approved by the executive body (the Chairman of the Management Board) of JSC FGC UES. Date of the resolution on determining the amount (procedure of determining the amount) of interest rate (interest) under the Bonds of the issuer: 12.10.2006.

Coupon (interest) period Coupon (interest) yield Date of settling a list of payment period (date) bonds owners to pay coupon (interest) yield Commencing date Expiry date 1. Coupon: interest rate under the first coupon – C(1) is determined by a tender of potential buyers of the Bonds on the date of the Bonds offering start-up. Procedure and terms of the tender are given in para 8.3 of the Resolution on the issue of securities and in para 2.7 of the Prospectus. Commencing date of the Expiry date of the First Payment date of the First The Bond yield is payable First Coupon Period is Coupon Period is the Coupon Yield is the 182nd to the Bonds owners who the date of the Bonds 182nd (one hundred (one hundred eighty are registered as the Bonds offering start-up. eighty second) day from second) day from the date owners as of the end of the date of the Bonds of the Bonds offering start- business day of the offering start-up. up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Coupon yield under the Bonds is paid by the paying agent under on the instructions and at the expense of the Issuer. Coupon yield under the Bonds is paid in monetary assets in the official currency of the Russian Federation on a clearing basis in favor of the Bonds owners. It is assumed that nominee holders – depositors of the National depository center are authorized to receive the amounts of the Bond yield. The Issuer fulfills its obligations on the Bond yield payments on the basis of the list of owners and/or nominee holders submitted to the National depository center (hereinafter referred to as “the List of owners and/or nominee holders”). Depositor of the National depository center who is not authorized by its clients to receive the Bond yield should submit a list of owners of the Bonds to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the date of payment of coupon yield under the Bonds; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder and this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. The National depository center prepares the List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds includes the following data: complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); number of the Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; location and mailing address of the person authorized to receive maturity value under the Bonds; bank details of the person authorized to receive maturity value under the Bonds, specifically: account number; name of the bank where the account is opened; correspondent account of the bank where the account is opened; identification code of the bank where the account is opened; Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. In addition to the above mentioned information the nominee holder must submit to the National depository center and the National depository center must include the following information into the List of owners and/or nominee holders of the Bonds in respect of individuals and legal entities – nonresidents of the Russian Federation who are owners of the Bonds irrespective of whether the nominee holder is authorized to receive maturity value under the Bonds or not: in case when the owner of the Bonds is a legal entity – nonresident: personal identification number (IIN) (if available); in case when the owner of the Bonds is an individual: type, number, date and place of issue of the document proving identity of the owner, name of the authority that issued the document; date, month and year of birth of the owner; place of domicile and mailing address of the owner including postcode; taxable status of the owner; number of a certificate of the state retirement insurance of the owner (if available); Tax Payer ID Number (INN) of the owner (if available). Payment of the Bond yield is made in favor of the owners of the Bonds who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the appropriate date of payment of the coupon yield under the Bonds (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds”). Fulfillment of obligations in relation to an owner included in the List of owners and/or nominee holders of the Bonds is rendered competent including in the event of the Bonds carve-out after the Date of the List of owners and/or nominee holders of the Bonds. Owners of the Bonds, their authorized persons including depositors of the National depository center on a timely basis must provide to the National depository center the data required and independently monitor the completeness and relevance of data submitted to the National depository center and bear all the risks related to failure to submit / untimely submission of data. In case of failure to submit / untimely submission to the National depository center of data required by the Issuer to fulfill its obligations under the Bonds, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. In cases provided for by the contract with the National depository center the Issuer has the right to require confirmation of such data with the Bond rights accounting data. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the National depository center. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds that are specified in the List of owners and/or nominee holders of the Bonds. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non- working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. 2. Coupon: interest rate under the second coupon – C(2) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Payment date of the The Bond yield is payable Second Coupon Period is Second Coupon Period Second Coupon Yield is to the Bonds owners who the 182nd (one hundred is the 364th (three the 364th (three hundred are registered as the Bonds eighty second) day from hundred sixty fourth) sixty fourth) day from the owners as of the end of the date the Bonds day from the date of the date of the Bonds offering business day of the offering start-up. Bonds offering start-up. start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 3. Coupon: interest rate under the third coupon – C(3) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Third Payment date of the Third The Bond yield is payable Third Coupon Period is Coupon Period is the Coupon Yield is the 546th to the Bonds owners who the 364th (three hundred 546th (five hundred (five hundred forty sixth) are registered as the Bonds sixty fourth) day from the forty sixth) day from the day from the date of the owners as of the end of date the Bonds offering date of the Bonds Bonds offering start-up. business day of the start-up. offering start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 4. Coupon: interest rate under the fourth coupon – C(4) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Payment date of the Fourth The Bond yield is payable Fourth Coupon Period is Fourth Coupon Period is Coupon Yield is the 728th to the Bonds owners who the 546th (five hundred the 728th (seven (seven hundred twenty are registered as the Bonds forty sixth) day from the hundred twenty eighth) eighth) day from the date owners as of the end of date the Bonds offering day from the date of the of the Bonds offering start- business day of the start-up. Bonds offering start-up. up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 5. Coupon: interest rate under the fifth coupon – C(5) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Fifth Payment date of the Fifth The Bond yield is payable Fifth Coupon Period is Coupon Period is the Coupon Yield is the 910th to the Bonds owners who the 728th (seven hundred 910th (nine hundred (nine hundred tenth) day are registered as the Bonds twenty eighth) day from tenth) day from the date from the date of the Bonds owners as of the end of the date the Bonds of the Bonds offering offering start-up. business day of the offering start-up. start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 6. Coupon: interest rate under the sixth coupon – C(6) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Sixth Payment date of the Sixth The Bond yield is payable Sixth Coupon Period is Coupon Period is the Coupon Yield is the to the Bonds owners who the 910th (nine hundred 1092nd (one thousand 1092nd (one thousand are registered as the Bonds tenth) day from the date ninety second) day from ninety second) day from owners as of the end of the Bonds offering start- the date of the Bonds the date of the Bonds business day of the up. offering start-up. offering start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 7. Coupon: interest rate under the seventh coupon – C(7) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Payment date of the The Bond yield is payable Seventh Coupon Period is Seventh Coupon Period Seventh Coupon Yield is to the Bonds owners who the 1092nd (one thousand is the 1274th (one the 1274th (one thousand are registered as the Bonds ninety second) day from thousand two hundred two hundred seventy owners as of the end of the date the Bonds seventy fourth) day fourth) day from the date business day of the offering start-up. from the date of the of the Bonds offering start- National depository center Bonds offering start-up. up. prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 8. Coupon: interest rate under the eighth coupon – C(8) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Payment date of the Eighth The Bond yield is payable Eighth Coupon Period is Eighth Coupon Period is Coupon Yield is the to the Bonds owners who the 1274th (one thousand the 1456th (one 1456th (one thousand four are registered as the Bonds two hundred seventy thousand four hundred hundred fifty sixth) day owners as of the end of fourth) day from the date fifty sixth) day from the from the date of the Bonds business day of the the Bonds offering start- date of the Bonds offering start-up. National depository center up. offering start-up. prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 9. Coupon: interest rate under the ninth coupon – C(9) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Ninth Payment date of the Ninth The Bond yield is payable Ninth Coupon Period is Coupon Period is the Coupon Yield is the to the Bonds owners who the 1456th (one thousand 1638th (one thousand 1638th (one thousand six are registered as the Bonds four hundred fifty sixth) six hundred thirty hundred thirty eighth) day owners as of the end of day from the date the eighth) day from the from the date of the Bonds business day of the Bonds offering start-up. date of the Bonds offering start-up. National depository center offering start-up. prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 10. Coupon: interest rate under the tenth coupon – C(10) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Tenth Payment date of the Tenth The Bond yield is payable Tenth Coupon Period is Coupon Period is the Coupon Yield is the to the Bonds owners who the 1638th (one thousand 1820th (one thousand 1820th (one thousand eight are registered as the Bonds six hundred thirty eighth) eight hundred twentieth) hundred twentieth) day owners as of the end of day from the date the day from the date of the from the date of the Bonds business day of the Bonds offering start-up. Bonds offering start-up. offering start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds.

Names of stock exchanges that have admitted the Bonds for trading: Closed joint stock company “Stock Exchange MICEX”. Securities of the issue do not represent secured bonds. Securities of the issue do not represent the Issuer option. Securities of the issue do not represent convertible securities. 4. Class, series (type), form and other identification characteristics of the securities: inconvertible interest bearing certified bearer bonds with mandatory centralized depositing of series 05; State registration number of securities issue, date of the state registration of securities issue: 4-05-65018- D dated 07.09.2006; Date of the state registration of a report on results of securities issue: 08.11.2006; Name of registration authority (authorities) for the state registration of securities issue and the report on results of securities issue: Federal Service on Financial Markets of Russia; Number of securities of the issue: 5,000,000 (five million) bonds; Nominal value of each security of the issue: RUR 1,000 (one thousand) each; Volume of securities issue at nominal value: RUR 5,000,000,000 (five billion); Number of securities of the issue in circulations: 4,980,000 bonds. Rights assigned under each security of the issue: the Bonds represent direct unqualified obligations of the Open joint stock company “Federal Grid Company of the Unified Energy System” (hereinafter referred to as “the Issuer”). Each Bond of the present issue provides equal measure of rights to its owner. • The Bond owner has the right to receive nominal value of the Bond within the amount stipulated by the Bind. • The Bond owner has the right to receive percentage of the nominal value of the Bond (coupon interest) upon completion of each coupon Period in accordance with the Resolution on the securities issue (hereinafter referred to as “the Resolution on the securities issue”) and the Prospectus of the securities issue (hereinafter referred to as “the Prospectus”). • The Bond owner has the right to sell and dispose otherwise the Bond without restraint. The owner of the Bond who purchased the Bond during initial offering has no right to execute any transactions with the Bond prior to the state registration of the report on results of the securities issue in accordance with the legislation of the Russian Federation. • The Bond owner has the right to recover amount invested in case if the issue of the Bonds is declared aborted or invalid in accordance with the legislation of the Russian Federation. Procedures for the Bonds owners and /or nominee holders in case if the Issuer refuses to fulfill its obligations under the Bonds of the present issue, non-fulfillment or improper execution of such obligations are described in the Resolution on the securities issue and in the Prospectus of the securities issue. The Bond owner has the right to execute other rights provided for by the legislation of the Russian Federation. Procedure and terms for the securities placement: Format of the securities placement – public offering Full trade name of a depository carrying out centralized storage of securities of the issue: Non- commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow Mail address: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow, 125009 Tax Payer ID Number (INN): 7706131216 Telephone: (495) 956-2790, 956-2791 License number: 177-03431-000100 (of to carry out depository activity) Date of issue: 04.12.2000 Validity of license: unlimited duration Authority issued the license: Federal service on securities market Procedure and terms of securities redemption: Date of the Bonds maturity: Period of redemption of the bonds: Date of the Bonds maturity: 1092nd (one thousand ninety second) day from the date of the Bonds offering start-up. Date (procedure for determining date) of settling a list of bonds owners for the purpose of bonds redemption: The Bonds are redeemed in favor of the Bonds owners who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the date of the Bonds redemption (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds”). Redemption of the Bonds in relation to the owner included in the List of owners and/or nominee holders of the Bonds is rendered competent including in the event of the Bonds carve-out after the Date of the List of owners and/or nominee holders of the Bonds. Other terms and procedure of the Bonds redemption: The Bonds are redeemed at nominal value. The Bonds redemption is carried out by the Paying agent on the instructions and at the expense of the Issuer (hereinafter referred to as “the Paying Agent”). The Bonds are redeemed in monetary assets in rubles of the Russian Federation on a clearing basis in favor of the Bonds owners. It is assumed that nominee holders of the Bonds – depositors of the National Depository Center are authorized to receive monetary assets on the Bonds redemption. The Issuer fulfils its obligations on the Bonds redemption on the basis of list of owners and/or nominee holders submitted to the National Depository Center (hereinafter referred to as “the List of owners and/or nominee holders”). Depositor of the National depository center not authorized by its clients to receive monetary funds under the Bond redemption should submit a list of the Bonds owners to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the Bonds maturity date; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder or this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. e National depository center prepares a List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds includes the following data: a) complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); b) number of the Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; c) location and mailing address of the person authorized to receive maturity value under the Bonds; d) bank details of the person authorized to receive maturity value under the Bonds, specifically: ƒ account number; ƒ name of the bank where the account is opened; ƒ correspondent account of the bank where the account is opened; ƒ identification code of the bank where the account is opened; a) Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); b) taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); c) Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. In addition to the above mentioned information the nominee holder must submit to the National depository center and the National depository center must include the following information into the List of owners and/or nominee holders of the Bonds in respect of individuals and legal entities – nonresidents of the Russian Federation who are owners of the Bonds irrespective of whether the nominee holder is authorized to receive maturity value under the Bonds or not: e) in case when the owner of the Bonds is a legal entity – nonresident: ƒ personal identification number (IIN) (if available); f) in case when the owner of the Bonds is an individual: ƒ type, number, date and place of issue of the document proving identity of the owner, name of the authority that issued the document; ƒ date, month and year of birth of the owner; ƒ place of domicile and mailing address of the owner including postcode; ƒ taxable status of the owner; ƒ number of a certificate of the state retirement insurance of the owner (if available); ƒ Tax Payer ID Number (INN) of the owner (if available). Owners of the Bonds, their authorized persons including depositors of the National depository center on a timely basis must provide to the National depository center the data required and independently monitor the completeness and relevance of data submitted to the National depository center and bear all the risks related to failure to submit / untimely submission of data. In case of failure to submit / untimely submission to the National depository center of data required by the Issuer to fulfill its obligations under the Bonds, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. In cases provided for by the contract with the National depository center the Issuer has the right to require confirmation of such data with the Bond rights accounting data. Redemption of the Bonds in relation to the owner included in the List of owners and/or nominee holders of the Bonds is rendered competent including in the event of the Bonds carve-out after the Date of the List of owners and/or nominee holders of the Bonds. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the National depository center. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds that are specified in the List of owners and/or nominee holders of the Bonds. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. Nominee holders of the Bonds who are not the owners of the Bonds transfer the funds received in the result of the Bonds redemption to the owners of the Bonds in accordance with the procedure determined between the nominee holder of the Bonds and the owner of the Bonds. Upon redemption of the Bonds coupon yield is also paid for the last coupon Period. If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non-working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. The Bonds are written off the custody account when the Issuer has fulfilled all its obligations to the Bonds owners on paying income and nominal value of the Bonds. Certificates are redeemed upon writing-off the Bonds from custody accounts in the National depository center. Amount of interest (coupon) yield under the bonds, the procedure and terms of its payment: Procedure for determining the yield Coupon (interest) period Amount of coupon (interest) yield Commencing date Expiry date 1. Coupon: interest rate under the first coupon – C(1) is determined by a tender of potential buyers of the Bonds on the date of the Bonds offering start-up. Procedure and terms of the tender are given in para 8.3 of the Resolution on the issue of securities and in para 2.7 of the Prospectus. Commencing date of the Expiry date of the First The amount payable under the first coupon on a per First Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the date of the Bonds 182nd (one hundred K(1) = C(1) * N * (T(1) – T(0)) / 365 / 100%, where: offering start-up. eighty second) day from K(1) – the amount of payments under the first coupon the date of the Bonds on a per Bond basis, RUR; offering start-up. N – nominal value of one Bond, RUR; C(1) – interest rate under the first coupon, % per year; T(0) – commencing date of the First Coupon Period; T(1) – expiry date of the First Coupon Period. 2. Coupon: interest rate under the second coupon – C(2) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the The amount payable under the second coupon on a per Second Coupon Period is Second Coupon Period Bond basis is calculated by the formula: the 182nd (one hundred is the 364th (three K(2) = C(2) * N * (T(2) – T(1)) / 365 / 100%, where: eighty second) day from hundred sixty fourth) K(2) – the amount of payments under the second coupon the date of the Bonds day from the date of the on a per Bond basis; offering start-up. Bonds offering start-up. N – nominal value of one Bond; C(2) – interest rate under the second coupon; T(1) – commencing date of the Second Coupon Period; T(2) – expiry date of the Second Coupon Period. 3. Coupon: interest rate under the third coupon – C(3) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Third The amount payable under the second coupon on a per Third Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 364th (three hundred 546th (five hundred K(3) = C(3) * N * (T(3) – T(2)) / 365 / 100%, where: sixty fourth) day from the forty sixth) day from the K(3) – the amount of payments under the third coupon date of the Bonds date of the Bonds on a per Bond basis; offering start-up. offering start-up. N – nominal value of one Bond; C(3) – interest rate under the third coupon; T(2) – commencing date of the Third Coupon Period; T(3) – expiry date of the Third Coupon Period. 4. Coupon: interest rate under the fourth coupon – C(4) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the The amount payable under the second coupon on a per Fourth Coupon Period is Fourth Coupon Period is Bond basis is calculated by the formula: the 546th (five hundred the 728th (seven K(4) = C(4) * N * (T(4) – T(3)) / 365 / 100%, where: forty sixth) day from the hundred twenty eighth) K(4) – the amount of payments under the fourth coupon date of the Bonds day from the date of the on a per Bond basis; offering start-up. Bonds offering start-up. N – nominal value of one Bond; C(4) – interest rate under the fourth coupon; T(3) – commencing date of the Fourth Coupon Period; T(4) – expiry date of the Fourth Coupon Period. 5. Coupon: interest rate under the fifth coupon – C(5) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Fifth The amount payable under the fifth coupon on a per Fifth Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 728th (seven hundred 910th (nine hundred K(5) = C(5) * N * (T(5) – T(4)) / 365 / 100%, where: twenty eighth) day from tenth) day from the date K(5) – the amount of payments under the fifth coupon the date of the Bonds of the Bonds offering on a per Bond basis; offering start-up. start-up. N – nominal value of one Bond; C(5) – interest rate under the fifth coupon; T(4) – commencing date of the Fifth Coupon Period; T(5) – expiry date of the Fifth Coupon Period. 6. Coupon: interest rate under the sixth coupon – C(6) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Sixth The amount payable under the sixth coupon on a per Sixth Coupon Period is Coupon Period is the Bond basis is calculated by the formula: the 910th (nine hundred 1092nd (one thousand K(6) = C(6) * N * (T(6) – T(5)) / 365 / 100%, where: tenth) day from the date ninety second) day from K(6) – the amount of payments under the sixth coupon of the Bonds offering the date of the Bonds on a per Bond basis; start-up. offering start-up. N – nominal value of one Bond; C(6) – interest rate under the sixth coupon; T(5) – commencing date of the Sixth Coupon Period; T(6) – expiry date of the Sixth Coupon Period. The amount of payments under any coupon on a per Bond basis is determined correct to RUR 0,01 (rounding is made in accordance with rules of mathematical rounding. Herewith mathematical rounding means the rounding method when the integral value of a kopek (kopeks) does not change if the first numeric character following the rounding numeric character equals from 0 to 4, and increases by one if the first numeric character following the rounding numeric character equals from 5 to 9). Procedure and period of bond yield payment including procedure and period of payments under each coupon. Interest rate under the first coupon of 7.2 (seven and two tenth) percent per annum is approved by the executive body (the Chairman of the Management Board) of JSC FGC UES. Date of the resolution on determining the amount (procedure of determining the amount) of interest rate (interest) under the Bonds of the issuer: 05.12.2006. Coupon (interest) period Coupon (interest) yield Date of settling a list of payment period (date) bonds owners to pay coupon (interest) yield Commencing date Expiry date 1. Coupon: interest rate under the first coupon – C(1) is determined by a tender of potential buyers of the Bonds on the date of the Bonds offering start-up. Procedure and terms of the tender are given in para 8.3 of the Resolution on the issue of securities and in para 2.7 of the Prospectus. Commencing date of the Expiry date of the First Payment date of the First The Bond yield is payable First Coupon Period is Coupon Period is the Coupon Yield is the 182nd to the Bonds owners who the date of the Bonds 182nd (one hundred (one hundred eighty are registered as the Bonds offering start-up. eighty second) day from second) day from the date owners as of the end of the date of the Bonds of the Bonds offering start- business day of the offering start-up. up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Coupon yield under the Bonds is paid by the paying agent under on the instructions and at the expense of the Issuer. Coupon yield under the Bonds is paid in monetary assets in the official currency of the Russian Federation on a clearing basis in favor of the Bonds owners. It is assumed that nominee holders – depositors of the National depository center are authorized to receive the amounts of the Bond yield. The Issuer fulfills its obligations on the Bond yield payments on the basis of the list of owners and/or nominee holders submitted to the National depository center (hereinafter referred to as “the List of owners and/or nominee holders”). Depositor of the National depository center who is not authorized by its clients to receive the Bond yield should submit a list of owners of the Bonds to the National depository center before 12:00 PM (Moscow time) on the day prior to the 2nd (second) working day before the date of payment of coupon yield under the Bonds; the list of owners of the Bonds should contain all the requisites specified below in the List of owners and/or nominee holders of the Bonds. In case if the Bond rights of an owner are accounted for by a nominee holder and this nominee holder is authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the nominee holder. In case if the Bond rights of an owner are not accounted for by a nominee holder and this nominee holder is not authorized to receive maturity value under the Bonds then by the person authorized to receive maturity value under the Bonds is meant the owner. The National depository center prepares the List of owners and/or nominee holders of the Bonds based on available data and/or data submitted by depositors and makes this List available to the Issuer and/or the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The List of owners and/or nominee holders of the Bonds includes the following data: complete name of the person authorized to receive maturity value under the Bonds (last name, first and middle names – for an individual); number of the Bonds accounted for on custody accounts of the person authorized to receive maturity value under the Bonds; location and mailing address of the person authorized to receive maturity value under the Bonds; bank details of the person authorized to receive maturity value under the Bonds, specifically: account number; name of the bank where the account is opened; correspondent account of the bank where the account is opened; identification code of the bank where the account is opened; Tax Payer ID Number (INN) of the person authorized to receive maturity value under the Bonds (if available); taxable status of the person authorized to receive maturity value under the Bonds (resident, nonresident having permanent representation in the Russian Federation, nonresident without permanent representation in the Russian Federation, etc.); Tax Registration Reason Code (KPP) of the person authorized to receive return per Bond and/or maturity value under the Bonds. In addition to the above mentioned information the nominee holder must submit to the National depository center and the National depository center must include the following information into the List of owners and/or nominee holders of the Bonds in respect of individuals and legal entities – nonresidents of the Russian Federation who are owners of the Bonds irrespective of whether the nominee holder is authorized to receive maturity value under the Bonds or not: in case when the owner of the Bonds is a legal entity – nonresident: personal identification number (IIN) (if available); in case when the owner of the Bonds is an individual: type, number, date and place of issue of the document proving identity of the owner, name of the authority that issued the document; date, month and year of birth of the owner; place of domicile and mailing address of the owner including postcode; taxable status of the owner; number of a certificate of the state retirement insurance of the owner (if available); Tax Payer ID Number (INN) of the owner (if available). Payment of the Bond yield is made in favor of the owners of the Bonds who are registered as the owners as of the end of business day of the National depository center before the 3rd (third) working day prior to the appropriate date of payment of the coupon yield under the Bonds (hereinafter referred to as “the Date of settling the List of owners and/or nominee holders of the Bonds”). Fulfillment of obligations in relation to an owner included in the List of owners and/or nominee holders of the Bonds is rendered competent including in the event of the Bonds carve-out after the Date of the List of owners and/or nominee holders of the Bonds. Owners of the Bonds, their authorized persons including depositors of the National depository center on a timely basis must provide to the National depository center the data required and independently monitor the completeness and relevance of data submitted to the National depository center and bear all the risks related to failure to submit / untimely submission of data. In case of failure to submit / untimely submission to the National depository center of data required by the Issuer to fulfill its obligations under the Bonds, such obligations are fulfilled in favor of a person that claimed fulfillment of obligations and is the owner of the Bonds as of the date of the claim. Herein the Issuer fulfils its obligations under the Bonds based on information from the National depository center, in such case the Issuer’s obligations are considered fulfilled in full and duly. In case if bank details and other information necessary for the Issuer to fulfill its obligations under the Bonds, submitted by the owner or nominee holder or available from the Depository, does not allow the Paying Agent to effect timely funds transfer, then such a delay can not be considered as a delay in performance of obligations under the Bonds; and the owner of the Bond has no right claim calculation of interest on arrears or any other compensation for such delay in payment. In cases provided for by the contract with the National depository center the Issuer has the right to require confirmation of such data with the Bond rights accounting data. The Issuer transfers the required funds to the account of the Paying Agent not later than on the 2nd (second) working day prior to the Bonds maturity date. The Paying Agent calculates the amount payable to each holder of the Bonds authorized to receive maturity value under the Bonds, based on the List of owners and/or nominee holders of the Bonds submitted to the National depository center. On the Bonds maturity date the Paying Agent transfers the required funds to the accounts of persons authorized to receive maturity value under the Bonds that are specified in the List of owners and/or nominee holders of the Bonds. In case when one person is authorized to receive maturity value under the Bonds by several owners of the Bonds, then the total amount is transferred to such person without breakdown by every owner of the Bonds. If the date of maturity of the Bonds falls on a non-working day whether it is a state holiday or a day-off for payment transactions, then the appropriate amount will be paid on the first working day following the non- working day. The owner of the Bonds has no right to claim interest calculation or any other compensation for such delay in payment. 2. Coupon: interest rate under the second coupon – C(2) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Payment date of the The Bond yield is payable Second Coupon Period is Second Coupon Period Second Coupon Yield is to the Bonds owners who the 182nd (one hundred is the 364th (three the 364th (three hundred are registered as the Bonds eighty second) day from hundred sixty fourth) sixty fourth) day from the owners as of the end of the date the Bonds day from the date of the date of the Bonds offering business day of the offering start-up. Bonds offering start-up. start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 3. Coupon: interest rate under the third coupon – C(3) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Third Payment date of the Third The Bond yield is payable Third Coupon Period is Coupon Period is the Coupon Yield is the 546th to the Bonds owners who the 364th (three hundred 546th (five hundred (five hundred forty sixth) are registered as the Bonds sixty fourth) day from the forty sixth) day from the day from the date of the owners as of the end of date the Bonds offering date of the Bonds Bonds offering start-up. business day of the start-up. offering start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 4. Coupon: interest rate under the fourth coupon – C(4) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Payment date of the Fourth The Bond yield is payable Fourth Coupon Period is Fourth Coupon Period is Coupon Yield is the 728th to the Bonds owners who the 546th (five hundred the 728th (seven (seven hundred twenty are registered as the Bonds forty sixth) day from the hundred twenty eighth) eighth) day from the date owners as of the end of date the Bonds offering day from the date of the of the Bonds offering start- business day of the start-up. Bonds offering start-up. up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 5. Coupon: interest rate under the fifth coupon – C(5) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Fifth Payment date of the Fifth The Bond yield is payable Fifth Coupon Period is Coupon Period is the Coupon Yield is the 910th to the Bonds owners who the 728th (seven hundred 910th (nine hundred (nine hundred tenth) day are registered as the Bonds twenty eighth) day from tenth) day from the date from the date of the Bonds owners as of the end of the date the Bonds of the Bonds offering offering start-up. business day of the offering start-up. start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. 6. Coupon: interest rate under the sixth coupon – C(6) is set equal to the interest rate under the first coupon. Commencing date of the Expiry date of the Sixth Payment date of the Sixth The Bond yield is payable Sixth Coupon Period is Coupon Period is the Coupon Yield is the to the Bonds owners who the 910th (nine hundred 1092nd (one thousand 1092nd (one thousand are registered as the Bonds tenth) day from the date ninety second) day from ninety second) day from owners as of the end of the Bonds offering start- the date of the Bonds the date of the Bonds business day of the up. offering start-up. offering start-up. National depository center prior to the 3rd (third) working day before the Bond yield payment date. Procedure of paying coupon (interest) yield: Procedure of paying coupon (interest) yield under the second coupon of the Bonds is similar to the procedure of paying coupon (interest) yield under the first coupon of the Bonds. Names of stock exchanges that have admitted the Bonds for trading: Closed joint stock company “Stock Exchange MICEX”. Securities of the issue do not represent secured bonds. Securities of the issue do not represent the Issuer option. Securities of the issue do not represent convertible securities. 10.3.3. Information about issues of securities under which the Issuer did not fulfill (defaulted) its obligations The Issuer does not have securities under which the Issuer did not fulfill or unduly fulfilled (defaulted) its obligations at maturity. 10.4. Information about entity (entities) that provided security for the Bonds issued The Issuer did not place secured bonds. 10.5. Terms of securing fulfillment of obligations under bonds issued The Issuer did not place secured bonds. 10.5.1. Terms of securing fulfillment of obligations under bonds with mortgage pledge The Issuer did not place secured bonds, including obligations with mortgage pledge. 10.6. Information about organizations maintaining records of the rights for securities of the issuer Entity maintaining register of owners of registered securities of the Issuer: registrar - Open Joint Stock Company “Central Moscow Depository” (JSC CMD). Location: 3, building V, Orlikov pereulok, Moscow 107078 Mailing address: 34, building 8, Bolshaya Pochtovaya street, Moscow, 105082 Tel.: (495) 221-13-31, 221-13-35; Fax: (495) 221-13-34 E-mail address: [email protected] License: License number: 10-000-1-00255 Date of issue: 13.09.2002 Period of validity: not specified Issuing authority: Federal Service on Securities Market Date when the mentioned registrar maintains the register of registered securities of the Issuer: 27.11.2002 Registered securities of the Issuer with mandatory centralized storage (bonds of series 02, series 03, series 04, series 05) are in circulation). Depository maintains centralized storing of certificates of the Bonds of all series: Full name: Non-commercial partnership “National Depository Center” Abbreviated name: NDC Location: 12, Zhitnaya street, Moscow 117049, Russian Federation License number: 177-03431-000100 Date of issue: 4.12.2000 Period of validity: unlimited Issuing authority: Federal Service on Securities Market of Russia 10.7. Information about legislative acts regulating issues of import and export of capital that can affect payment of dividends, interest and other payments to nonresidents Names and details legislative acts of the Russian Federation effective at the date of approving of the Prospectus of securities issue that regulate issues of import and export of capital and can affect payments of interest and other payments to nonresidents – owners of the Issuer securities: • Federal Law dated 10.12.2003 No 173-FZ “On currency exchange regulation and control”; • Tax Code of the Russian Federation (part one) dated 31.07.1998 No 146-FZ; • Tax Code of the Russian Federation (part two) dated 05.08.2000 No 117-FZ; • Federal Law dated 22.04.1996 No 39-FZ “On securities market”; • Federal Law dated 10.07.2002 No 86-FZ “On Central Bank of the Russian Federation (Bank of Russia)”; • Federal Law dated 07.08.2001 No 115-FZ “On counteraction to legalization (laundering) of revenues received by illegal means, and terrorism financing”; • Federal Law dated 09.07.1999 No 160-FZ “On foreign investments in the Russian Federation”; • Instruction of the Central Bank of the Russian Federation dated 15.06.2004 No 117-I “On procedure of providing authorized banks with documents and information from residents and nonresidents under foreign currency transactions and procedure of accounting for foreign currency transactions and operation ID by authorized banks”; • Federal Law dated 25.02.1999 No 39-FZ “On investment activity in the Russian Federation carried out in the form of foreign capital investments” with further changes and additions; • Federal Law dated 05.03.1999 No 469-FZ “On protection of rights and legitimate interests of investors in security market” with further changes and additions; • Federal Laws of the Russian Federation on ratification of agreements between the Russian Federation and foreign countries on double taxation avoidance, capital investment protection and on tax evasion averting. • Other legislative acts. 10.8. Description of procedure for taxation of capital gains on placed and being offered securities of the issuer Taxation of capital gains on placed and being offered securities of the Issuer is regulated by the Tax Code of the Russian Federation and also by other regulatory enactments of the Russian Federation adopted in accordance with the Tax Code of the Russian Federation. Tax rates

Legal entities Physical persons Type of income Residents Nonresidents Residents Nonresidents Dividends 9%, 0%* 15% 9% 15% Bond coupons 24% 20% 13% 30% Proceeds from sale 24% 20% 13% 30% of securities * in accordance with article 284 para 3 of the RF Tax Code, 0% - for income received by Russian organizations as dividends subject to the following: as of the day of making decision on dividend payment, during the period not less than 365 days an organization-recipient permanently has in its ownership at least 50 percent of charter (reserved) capital (fund) of an organization paying dividends or by depository receipts giving a right on dividends in amount representing at least 50 per cent of total dividends paid by an organization, and provided that acquisition cost and (or) receiving into ownership of contribution (share) in charter (reserve) capital (fund) of organization paying dividends or depository receipts providing a right on dividends in accordance with the legislation of the Russian Federation, exceeds RUR 500 million. In all other cases interest rate of 9% is applied. Procedure of taxation of physical person. Type of tax – individual income tax. The following income is considered as income from the sources in the Russian Federation: • dividends and interest received from a Russian organization as well as interest received from Russian individual entrepreneurs and (or) a foreign organization in respect of activity of its permanent representation in the Russian Federation; • proceeds from sale of stock or other securities as well as shares of participation in authorized capital of organizations. Taxable base: Taxpayer income received in the form of material benefit is material benefit resulted from purchase of securities. Taxable basis is determined as an excess of securities market value determined with consideration of marginal limits of securities price fluctuations over sum of actual purchase cost of securities. Procedure of determining market value of securities and marginal limits of securities price fluctuations is stipulated by the federal authority regulating securities market. When calculating taxable base for income from securities trading income received under the following transaction are taken into account: • purchase and sale of securities traded on official securities market; • purchase and sale of securities traded on informal securities market. Income (loss) under transactions on securities purchase and sale is calculated as the difference between capital gains from sale of securities and securities purchase, sale and storage cost supported by documents and actually incurred by a taxpayer and deductible from income on securities purchase and sale transaction. The above mentioned cost includes the following: • amounts paid to a seller in accordance with contract; • depository service fee; • commission charges paid to professional participants of securities market, allowance payable (recoverable) to an investment fund management company when an investor sells (redeems) investment share in mutual fund that is determined in accordance with the procedure stipulated by the legislation of the Russian Federation on mutual funds; • stock exchange fee (commission); • registrar service fee; • other expenses directly related to securities purchase, sale and storage, incurred in respect of services provided by professional participants of securities market within the framework of their professional activity. Income (loss) under transactions on purchase and sale of securities traded on official securities market is reduced (increased) for the amount of interest paid on funds raised for securities purchase and sale transaction within the amounts calculated on the basis of effective refinance rate of the Central Bank of the Russian Federation. The amount of loss on transactions with securities traded on the official securities market is calculated considering marginal limits of securities market price fluctuations. Securities traded on the official securities market are considered securities admitted to official listing by trade institutors that have license issued by the federal authority regulating securities market. Market quotation of a security traded on the official securities market is understood as an average weighted security price on transactions executed during one trading day through the trade institutor. If the same security was traded through two or more trade institutors, a taxpayer has the right to independently select market quotation prevailing with one of the trade institutors. If trade institutor does not calculate average weighted price of securities, the average weighted price is considered as half a sum of maximum and minimum prices of transactions executed during the selling day through this trade institutor. Is taxpayer expenses related to purchase, sale and storage pf securities can not be directly related to expenses to purchase, sale and storage of specific securities, the mentioned expenses are calculated in proportion to cost estimate of securities against which the mentioned expenses were incurred. Cost estimate of securities is determined as of the date of these expenses. If taxpayer expenses can not be proved by documents, it has the right to use property tax exemption provided for by paragraph 1 sub-clause 1 of clause 1 of article 220 of the RF Tax Code. Loss on transactions with securities traded on the official securities market resulted from the mentioned transactions executed in the tax period, reduces taxable base for transactions of purchase and sale of securities of this category. Income on transactions with securities not traded on the official securities market and which at the date of purchase met the requirements stipulated for securities traded on the official securities market, can be reduced for the amount of loss resulted within tax period from transactions on purchase and sale of securities traded on the official securities market Date of actual receipt of income: • date of income payment, including transferring income amount on taxpayer accounts with banks or to third parties at its instruction if income is received in monetary funds; • date of purchase of securities. Taxable basis on transactions of purchase and sale of securities and forward transactions with financial instruments is determined at the end of the tax period. Tax calculation and payment are made by a tax agent at the end of tax period or upon its payment of monetary assets to taxpayer prior to expiration of the latest tax period. In accordance with article 214.1 of the RF Tax Code, tax agents are considered brokers, beneficial owners, and managers of companies having property of mutual fund in trust management or other entities that execute transactions under agency agreement or other contract in favor of taxpayer. If an organization has concluded a contract on broker services with a physical person, then such organization is considered as tax agent and in accordance with para 1 of article 226 of the RF Tax Code must calculated, withhold from taxpayer and transfer to the budget the amount of income tax of a physical person. In case when professional intermediary does not participate in the transaction, taxpayer must calculate income tax independently and prior to 30 April of the year following the reporting year and submit tax return to tax authorities indicating all income received within the tax period. In this case the taxpayer must pay the tax not later than 15 July of the year following the expired tax period. In case when tax agent pays monetary funds prior to expiring of the next tax period, tax is paid out of s share of income in accordance with the present article that equals actual amount of monetary funds paid. Share of income is calculated as total income multiplied by a proportion of amount payable to cost estimate of securities as of the date of payment of monetary funds for which the tax agent acts as a broker. When paying monetary funds to taxpayer more than once in a tax period, the amount of tax is calculated on an accrual basis setting off previously paid tax. Cost estimate of securities is calculated based on actual incurred expenses for purchasing such securities supported by documents. Payment of monetary funds is considered as payment of cash amounts, transfer of monetary funds to bank account of a physical person or to bank account of a third party when requested by a physical person. If it is impossible to withhold calculated tax amount from a taxpayer by the source of income, tax agent (broker, beneficial owner or other entity executing transactions under commission agreement, agency agreement or other contract in favor of taxpayer) should notify tax authority about impossibility of the abovementioned withholding and the amount of tax liability of the taxpayer in written within one month from the moment of incurring such tax liability. In this case tax payment is made in accordance with article 228 of the RF Tax Code. Procedure of taxation of legal entity Type of tax – profit tax. Capital gains include: • proceeds from sales of property rights (sales revenue); • non-operating gains in the form of interest on securities and other debt instruments and/or from other organizations interest. Tax base: Gains of a taxpayer from transactions on sale or other disposal of securities (including from redemption) are determined based on selling price or price of other disposal of a security and also the amount of accrued interest (coupon) yield paid by a buyer to the taxpayer and the amount of accrued interest (coupon) yield paid by the Issuer to the taxpayer. In doing so taxpayer gains from sale of other disposal of securities do not include interest (coupon) yield previously considered for taxation purposes. Expenses incurred on sale (or other disposal) of securities are calculated based on security acquisition price (including acquisition expense), cost of security selling, amount of allowances from estimated cost of investment shares, amount of accrued interest (coupon) yield paid by the taxpayer to security seller. In doing so, expenses do not include amounts of accrued interest (coupon) yield previously considered for taxation purposes. Securities are considered traded on the official securities market only subject to the following provisions: 1. if they are admitted for trade by at least one of trade institutors authorized in accordance with national legislation; 2 if information about their prices (quotations) is published in media (including electronic media) or can be provided by a trade institutor or other authorized entity to any interested party during three year after the date of making transactions with securities; 3 if market quotation is calculated for such securities when it provided for by the respective national legislation. For tax purposes market price of securities traded on the official securities market is considered as actual selling price or price of other disposal of securities, if the price is between the minimal and maximal price of transaction (price interval) with the mentioned security registered by trade institutor on securities market as of the date of a respective transaction. In case of selling securities traded on the official securities market at price lower than the minimal price of transactions on the official securities market, the minimal price of transaction on the official securities market is taken when determining financial result. Accrued interest (coupon) yield is understood as a portion of interest (coupon) yield payable in accordance with terms of issuance of such security calculated in proportion to number of days passed from the date of security issue or the date of payment of previous coupon yield before the date of transaction (the date of security transfer). In respect of securities not traded on the official securities market for taxation purposes the actual selling price o price of other disposal of securities are taken subject to at least one of the following provisions: 1. if the actual price of respective transaction is within the price interval of a similar (identical, uniform) security registered by the trade institutor on securities market as of the date of transaction or as of the date of the last trading held prior to the date of the respective transaction, if trading of these securities was held at least once within the last 12 months; 2. if actual price variance of the respective transaction is 20 per cent higher or lower than average weighted price of a similar (identical, uniform) security calculated by the trade institutor on securities market in accordance with trading rules stipulated by such trade institutor based on trading results as of the date of such transaction or the date of the last trading held prior to the date of the respective transaction, if trading of these securities was held at least once within the last 12 months. In case when no information is available about results of trading of similar (identical, uniform) securities, the actual price of transaction is accepted for taxation purposes if deviation of the mentioned price does not exceed 20 per cent from estimated price of this security that can be determined as of the date of transaction with the security taking into consideration specific terms of the transaction, nature of trading, security price and other features information about which can be used as basis for such estimates. Estimated price of a share should be determined by a taxpayer independently or involving an appraiser by applying valuation method provided for by the legislation of the Russian Federation; estimated price of debt security can be calculated by applying refinance rate of the Central Bank of the Russian Federation. In case when a taxpayer calculates share estimated price independently, valuation method applied should be stipulated by in the accounting policy of the taxpayer. Taxable base on transactions with securities is calculated by taxpayer separately with exception of taxable base on transactions with securities calculated by professional participants of securities market. In doing so, taxpayers (except for professional participants of securities market carrying out dealer activity) calculate taxable base on transactions with securities traded on the official securities market separately from taxable base on transactions with securities not traded on the official securities market. On selling or other disposal of securities taxpayer independently selects one of the following methods of expensing cost of disposed securities in accordance with the accounting policy approved for taxation purposes: 1. at cost of the earliest purchased securities (FIFO); 2. at cost of the latest purchased securities (LIFO); 3. at unit value. Taxpayers incurred loss (losses) on transactions with securities in prior tax period or prior tax periods have the right to reduce taxable base on transactions with securities during reporting (tax) period (to defer the mentioned losses) in accordance with the procedure and under terms stipulated by article 283 of the RF Tax Code. In this case losses on transactions with securities not traded on the official securities market incurred in prior tax period (prior tax periods) could be deducted from taxable base on transactions with such securities determined in the reporting (tax) period. Losses on transactions with securities traded on the official securities market incurred in prior tax period (prior tax periods) could be deducted from taxable base on transactions on realization of this category of securities. Within tax period losses incurred in respective reporting period on transactions with securities traded on the official securities market and with securities not traded on the official securities market are deferred separately on the mentioned categories of securities within amount of gains received on transactions with such securities. 10.9. Information about declared (accrued) dividends and on dividends paid under the Issuer shares an also about the issuer bond yield 1. Category of stock: ordinary Form of stock: registered uncertified Dividends on stock of this category (type): No decision was made in respect of dividends payment for 2002, 2003 and 2004. Dividend period: 2005 Name of management body of the issuer that made decision (declared) to pay dividends on the issuer stock: general meeting of shareholders Date of holding the meeting (panel session) of management body of the issuer where the decision on payment (declaring) of dividends was made: June 23, 2006. Date and number of the minutes of the meeting (panel session) of management body of the issuer where the decision on payment (declaring) of dividends was made: Minutes No 224 dated 23.06.2006. Period allocated for payment of declared dividends under the issuer stock: during 60 days from the date of decision made in respect of dividend payment Form and other terms of payment of declared dividends on the issuer stock: to be paid by monetary funds Amount of dividends accrued per one share (RUR): RUR 0.001510016 Total amount of dividends accrued on stock of this category (type) (RUR): RUR 367,292,784.49 Total amount of dividends actually paid on stock of this category (type) (RUR): RUR 367,292,784.49 Dividend period: 2006 Name of management body of the issuer that made decision (declared) to pay dividends on the issuer stock: general meeting of shareholders Date of holding the meeting (panel session) of management body of the issuer where the decision on payment (declaring) of dividends was made: June 29, 2007. Date and number of the minutes of the meeting (panel session) of management body of the issuer where the decision on payment (declaring) of dividends was made: Minutes No 1 dated 29.06.2007. Period allocated for payment of declared dividends under the issuer stock: during 60 days from the date of decision made in respect of dividend payment. Form and other terms of payment of declared dividends on the issuer stock: to be paid by monetary funds Amount of dividends accrued per one share (RUR): RUR 0.001626664 Total amount of dividends accrued on stock of this category (type) (RUR): RUR 587,847,427.86 Total amount of dividends actually paid on stock of this category (type) (RUR): RUR 587,847,427.86 Dividend period: 2007 Name of management body of the issuer that made decision (declared) to pay dividends on the issuer stock: general meeting of shareholders Date of holding the meeting (panel session) of management body of the issuer where the decision on payment (declaring) of dividends was made: June 30, 2008. Date and number of the minutes of the meeting (panel session) of management body of the issuer where the decision on payment (declaring) of dividends was made: Minutes No 5 dated 04.07.2008. Period allocated for payment of declared dividends under the issuer stock: during 60 days from the date of decision made in respect of dividend payment. Form and other terms of payment of declared dividends on the issuer stock: to be paid by monetary funds Amount of dividends accrued per one share (RUR): RUR 0.0007977370096 Total amount of dividends accrued on stock of this category (type) (RUR): RUR 380,000,000 Total amount of dividends actually paid on stock of this category (type) (RUR): RUR 380,000,000 2. Type of securities (bonds), series, form and other identification characteristics of bond issue: registered interest bearing inconvertible payable to bearer bonds of series 01 with obligatory centralized depository storage (hereinafter referred to as the Bonds); The state registration number and the state registration date: No 4-01-65018D dated 02 December 2004; Date of the state registration of the report on results of securities issue: January, 18, 2005; Number of securities within the issue: 5,000,000 (five million) bonds; Nominal value of one security: RUR 1,000 (one thousand) each; Volume of securities issued at nominal value: RUR 5,000,000,000 (five billion) Type of income paid under securities issued: yield under the Bonds of series 01 is the sum of coupon yield accrued and paid for each coupon period and nominal amount upon redemption of the Bonds. Information about bond yield:

Number of coupon period Date of payment Amount payable under bonds of series 04, for which payments were in RUR made On per bond basis Under all bonds 1 21.06.2005 RUR 43.88 219,400,000 2 20.12.2005 RUR 43.88 219,400,000 3 20.06.2006 RUR 43.88 219,400,000 4 19.12.2006 RUR 43.88 219,400,000 5 19.06.2007 RUR 43.88 219,400,000 6 18.12.2007 RUR 43.88 219,400,000 Yield under the bonds series 01 is paid by the Paying Agent under instructions of the Issuer; functions of the Paying Agent are conducted by: Full trade name: Non-commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow Yield under the Bonds of series 01 is paid in currency of the Russian Federation in the form of non-cash transaction. Reporting period for which the bond yield was paid: The first coupon period (till 22.06.2005) Total amount of funds paid for the reporting period – RUR 219.4 m. Yield under the bonds with maturity date 22.06.2005 was paid when due in full amount Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 43.88 The second coupon period (till 20.12.2005) Total amount of funds paid for the reporting period – RUR 219.4 m. Yield under the bonds with maturity date 20.12.2005 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 43.88 The third coupon period (till 20.06.2006) Total amount of funds paid for the reporting period – RUR 219.4 m. Yield under the bonds with maturity date 20.06.2006 was paid when due in full amount Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 43.88 The forth coupon period (till 19.12.2006) Total amount of funds paid for the reporting period – RUR 219.4 m. Yield under the bonds with maturity date 19.12.2006 was paid when due in full amount Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 43.88 The fifth coupon period (till 19.07.2007) Total amount of funds paid for the reporting period – RUR 219.4 m. Yield under the bonds with maturity date 19.07.2007 was paid when due in full amount Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 43.88 The sixth coupon period (till 18.12.2007) Total amount of funds paid for the reporting period – RUR 219.4 m. Yield under the bonds with maturity date 18.12.2007 was paid when due in full amount Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 43.88 18.12.2007 registered interest bearing inconvertible payable to bearer bonds of series 01 with obligatory centralized depository storage were redeemed. Total yield paid for the reporting period as the nominal value – RUR 5,000,000,000 (five billion), payment per one bond amounted RUR 1,000. The Bonds were redeemed in time and in full. Type of securities (bonds), series, form and other identification characteristics of bond issue: registered interest bearing inconvertible payable to bearer bonds of series 02 with obligatory centralized depository storage The state registration number of securities issue and the state registration date: No 4-02-65018D dated 11.05.2005 Name of the authority that registered securities issue with the state: FSFM of Russia Date of the state registration of the report on results of securities issue: 23.08.2005 Name of the authority that registered the report on results of securities issue with the state: FSFM of Russia Number of securities within the issue: 7,000,000 (seven million) bonds Nominal value of one security: RUR 1,000 Volume of securities issued at nominal value: RUR 7,000,000,000 (seven billion) Type of income paid under securities issued: yield under the Bonds of series 02 is the sum of coupon yield accrued and paid for each coupon period and nominal amount upon redemption of the Bonds. Information about bond yield: Number of coupon Date of payment Amount payable under bonds of series 04, in RUR period for which payments were made On per bond basis Under all bonds 1 27.12.2005 RUR 41.14 287,980,000 2 27.06.2006 RUR 41.14 287,980,000 3 26.12.2006 RUR 41.14 287,980,000 4 26.06.2007 RUR 41.14 287,980,000 5 25.12.2007 RUR 41.14 287,980,000 6 24.06.2008 RUR 41.14 287,980,000 7 23.12.2008 RUR 41.14 287,980,000 8 23.06.2009 RUR 41.14 287,980,000 9 22.12.2009 RUR 41.14 287,980,000 10 22.06.2010 RUR 41.14 287,980,000 Yield under the bonds series 02 is paid by the Paying Agent under instructions of the Issuer; functions of the Paying Agent are conducted by: Full trade name: Non-commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow Yield under the Bonds of series 02 is paid in the currency of the Russian Federation in the form of non- cash transaction. Reporting period for which the bond yield was paid: The first coupon period (till 27.12.2005) Total amount of funds paid for the reporting period – RUR 287.98 m. Yield under the bonds with maturity date 27.12.2005 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 41.14. The second coupon period (till 27.06.2006) Total amount of funds paid for the reporting period – RUR 287.98 m. Yield under the bonds with maturity date 27.06.2006 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 41.14. The third coupon period (till 26.12.2006) Total amount of funds paid for the reporting period – RUR 287.98 m. Yield under the bonds with maturity date 26.12.2006 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 41.14. The fourth coupon period (till 26.06.2007) Total amount of funds paid for the reporting period – RUR 287.98 m. Yield under the bonds with maturity date 26.06.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 41.14. The fifth coupon period (till 25.12.2007) Total amount of funds paid for the reporting period – RUR 287.98 m. Yield under the bonds with maturity date 25.12.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 41.14. The sixth coupon period (till 24.06.2008) Total amount of funds paid for the reporting period – RUR 287.98 m. Yield under the bonds with maturity date 24.06.2008 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 41.14. Class, series (type), form: certified interest bearing inconvertible payable to bearer bonds of series 03 with obligatory centralized depository storage. The state registration number and the state registration date: No 4-03-65018D dated 24.11.2005 Name of the authority that registered securities issue with the state: FSFM of Russia Date of the state registration of the report on results of securities issue: 24.01.2006 Name of the authority that registered the report on results of securities issue with the state: FSFM of Russia Number of securities within the issue: 7,000,000 (seven million) bonds Nominal value of one security: RUR 1,000 Volume of securities issued at nominal value: 7,000,000 bonds Number of securities in circulation: 6,950, 000 (six million nine hundred fifty thousand) bonds Type of income paid under securities issued: yield under the Bonds of series 03 is the sum of coupon yield accrued and paid for each coupon period and nominal amount upon redemption of the Bonds. Information about bond yield:

Number of coupon Date of payment Amount payable under bonds of series 04, in RUR period for which payments were made On per bond basis Under all bonds 1 16.06.2006 RUR 35.40 247,800,000 2 15.12.2006 RUR 35.40 247,800,000 3 15.06.2007 RUR 35.40 247,800,000 4 14.12.2007 RUR 35.40 247,800,000 5 13.06.2008 RUR 35.40 246,030,000 6 12.12.2008 RUR 35.40 246,030,000 Yield under the bonds series 03 is paid by the Paying Agent under instructions of the Issuer; functions of the Paying Agent are conducted by: Full trade name: Non-commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow Yield under the Bonds of series 03 is paid in the currency of the Russian Federation in the form of non- cash transaction. Reporting period for which the bond yield was paid: The first coupon period (till 16.06.2006) Total amount of funds paid for the reporting period – RUR 247,800,000. Yield under the bonds with maturity date 16.06.2006 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.40. The second coupon period (till 15.12.2006) Total amount of funds paid for the reporting period – RUR 247,800,000. Yield under the bonds with maturity date 15.12.2006 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.40. The third coupon period (till 15.06.2007) Total amount of funds paid for the reporting period – RUR 247,800,000. Yield under the bonds with maturity date 15.06.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.40. The fourth coupon period (till 14.12.2007) Total amount of funds paid for the reporting period – RUR 247,800,000. Yield under the bonds with maturity date 14.12.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.40. Advance payment of coupon yield under bonds of series 03 due to advance payment of nominal value of bonds of series 03 in the amount of RUR 50,000,000 (fifty million) (before 03.06.2008). Total amount of funds paid for the reporting period - RUR 1,673,000. Yield under the bonds with maturity date 03.06.2008 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 33.46. The fifth coupon period (till 13.06.2008) Total number of bonds under which the coupon yield was accrued – 6,950,000 bonds. Total amount of funds paid for the reporting period – RUR 246,030,000. Yield under the bonds with maturity date 13.06.2008 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.40. Advance payment of coupon yield under bonds of series 03 due to advance payment of nominal value of bonds of series 03 in the amount of RUR 50,000,000 (fifty million) (before 03.06.2008). Class, series (type), form: certified interest bearing inconvertible payable to bearer bonds of series 04 with obligatory centralized depository storage. The state registration number and the state registration date: No 4-04-65018D dated 07.09.2006 Name of the authority that registered securities issue with the state: FSFM of Russia Date of the state registration of the report on results of securities issue: 08.11.2006 Name of the authority that registered the report on results of securities issue with the state: FSFM of Russia Number of securities within the issue: 6,000,000 (six million) bonds Nominal value of one security: RUR 1,000 Volume of securities issued at nominal value: RUR 6,000,000,000 Type of income paid under securities issued: yield under the Bonds of series 03 is the sum of coupon yield accrued and paid for each coupon period and nominal amount upon redemption of the Bonds. Information about bond yield:

Number of coupon Date of payment Amount payable under bonds of series 04, in RUR period for which payments were made On per bond basis Under all bonds 1 12.04.2007 RUR 36.40 218,400,000 2 11.10.2007 RUR 36.40 218,400,000 3 10.04.2008 RUR 36.40 218,400,000 4 09.10.2008 RUR 36.40 218,400,000 5 09.04.2009 RUR 36.40 218,400,000 6 08.10.2009 RUR 36.40 218,400,000 7 08.04.2010 RUR 36.40 218,400,000 8 07.10.2010 RUR 36.40 218,400,000 9 07.04.2011 RUR 36.40 218,400,000 10 06.10.2011 RUR 36.40 218,400,000 Yield under the bonds series 04 is paid by the Paying Agent under instructions of the Issuer; functions of the Paying Agent are conducted by: Full trade name: Non-commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow Yield under the Bonds of series 04 is paid in currency of the Russian Federation in the form pf non-cash transaction. Reporting period for which the bond yield was paid: The first coupon period (till 12.04.2007) Total amount of funds paid for the reporting period – RUR 218,400,000. Yield under the bonds with maturity date 12.04.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 36.40. The second coupon period (till 11.10.2007) Total amount of funds paid for the reporting period – RUR 218,400,000. Yield under the bonds with maturity date 11.10.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 36.40. The third coupon period (till 10.04.2008) Total amount of funds paid for the reporting period – RUR 218,400,000. Yield under the bonds with maturity date 10.04.2008 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 36.40. The fourth coupon period (till 09.10.2008) Total amount of funds paid for the reporting period – RUR 218,400,000. Yield under the bonds with maturity date 09.10.2008 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 36.40. Class, series (type), form: certified interest bearing inconvertible payable to bearer bonds of series 05 with obligatory centralized depository storage. The state registration number and the state registration date: No 4-05-65018D dated 07.09.2006 Name of the authority that registered securities issue with the state: FSFM of Russia Date of the state registration of the report on results of securities issue: 05.12.2006 Name of the authority that registered the report on results of securities issue with the state: FSFM of Russia Number of securities within the issue: 5,000,000 (five million) bonds Nominal value of one security: RUR 1,000 Volume of securities issued at nominal value: RUR 5,000,000,000 (five billion) Number of securities in circulation: 4,980,000 (four million nine hundred eighty thousand) bonds Type of income paid under securities issued: yield under the Bonds of series 03 is the sum of coupon yield accrued and paid for each coupon period and nominal amount upon redemption of the Bonds. Information about bond yield:

Number of coupon Date of payment Amount payable under bonds of series 05, in RUR period for which payments were made On per bond basis Under all bonds 1 05.06.2007 RUR 35.90 179,500,000 2 04.12.2007 RUR 35.90 179,500,000 3 03.06.2008 RUR 35.90 179,500,000 4 02.12.2008 RUR 35.90 178,782,000 5 02.06.2009 RUR 35.90 178,782,000 6 01.12.2009 RUR 35.90 178,782,000 Yield under the bonds series 05 is paid by the Paying Agent under instructions of the Issuer; functions of the Paying Agent are conducted by: Full trade name: Non-commercial partnership “National Depository Center” Abbreviated trade name: NDC Location: 1/13, bld.4, Sredniy Kislovskiy pereulok, Moscow Yield under the Bonds of series 05 is paid in currency of the Russian Federation in the form pf non-cash transaction. Reporting period for which the bond yield was paid: The first coupon period (till 05.06.2007) Total amount of funds paid for the reporting period – RUR 179,500,000. Yield under the bonds with maturity date 05.06.2007 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.90. The second coupon period (till 04.12.2007) Total amount of funds paid for the reporting period – RUR 179,500,000. Yield under the bonds with maturity date 04.12.2007 was paid when due in full amount. The third coupon period (till 03.06.2008) Total amount of funds paid for the reporting period – RUR 179,500,000, including RUR 718,000 - coupon yield paid under the bonds of series 05 due to advance payment of nominal value of the bonds of series 05 in the amount of RUR 20,000,000 (twenty million). Yield under the bonds with maturity date 03.06.2008 was paid when due in full amount. Coupon yield paid per one bond with nominal value of RUR 1,000 equaled RUR 35.90. 10.10. Other information There is no other information.