MINUTES of the Extraordinary General Meeting of Shareholders

Z2 – the number of preference shares in JSC Intergeneration to be placed with the
shareholders in accordance with paragraphs 3.3.9.3.2 and 3.3.12.2.2 of this resolution.
3.3.27. If in the calculation of shares in the spun-off company concerned the calculated number of
shares to be allocated to a shareholder of RAO UES of Russia is a fraction, the fractional
part of the quantity of shares shall be rounded off in accordance with the following rules:
3.3.27.1. If the period is followed by any number from 5 to 9, one shall be added to the integer
and any numbers following the period shall be ignored.
3.3.27.2. If the period is followed by any number from 0 to 4, only the integer shall be taken into
consideration and any numbers following the period shall be ignored.
3.3.27.3. If as a result of round-off no shares are receivable by any shareholder, such shareholder
shall receive one share.
3.3.28. If as of the date determined in accordance with paragraph 3.6 of this resolution OJSC
MMC NORILSK NICKEL, which is a shareholder of RAO UES of Russia, is reorganized
through a spin-off and title to 1,016,370,000 ordinary shares and 500,000,000 preference
shares in RAO UES of Russia owned by OJSC MMC NORILSK NICKEL transfers by
legal succession based on the separation balance sheet to a company to be established as a
result of reorganization of OJSC MMC NORILSK NICKEL, all provisions of this
resolution in which OJSC MMC NORILSK NICKEL is indicated (with the exception of
indications of a voting option for the issue of reorganization of RAO UES of Russia
through a spin-off and participation in voting on this issue), shall be deemed to indicate
such company established as a result of reorganization of OJSC MMC NORILSK
NICKEL through a spin-off.
Transfer of the shares in RAO UES of Russia owned by OJSC MMC NORILSK
NICKEL by legal succession in accordance with the provisions of the first sub-paragraph
of this paragraph shall not lead to the application of the appropriate provisions of this
resolution related to a decrease in the number of shares in RAO UES of Russia owned by
OJSC MMC NORILSK NICKEL.
If after the transfer of the shares in RAO UES of Russia owned by OJSC MMC
NORILSK NICKEL by legal succession in accordance with the provisions of the first subparagraph
of this paragraph OJSC MMC NORILSK NICKEL is the owner of shares in
RAO UES of Russia, (1) in the allocation of shares in the companies to be established
through a spin-off all provisions of this resolution in which OJSC MMC NORILSK
NICKEL is indicated shall apply only to the assignee of OJSC MMC NORILSK NICKEL
to be determined in accordance with the provisions of the first sub-paragraph of paragraph
3.3.19, and (2) in the allocation of shares in the companies to be established through a
spun-off only the provisions of paragraphs 3.3.1, 3.3.3, 3.3.8.2, 3.3.9.2, 3.3.10.2, 3.3.8.3,
3.3.9.3, 3.3.10.3, 3.3.11.2, 3.3.12.2 and 3.3.13.2 of this resolution shall apply to OJSC
MMC NORILSK NICKEL.
3.3.29. The shares in spun-off companies shall be placed with OOO Gazoenergeticheskaya
Kompaniya, OJSC MMC NORILSK NICKEL and MADAKE ENTERPRISES
COMPANY LIMITED in accordance with paragraphs 3.3.1, 3.3.3, 3.3.8.2, 3.3.9.2,
3.3.10.2, 3.3.8.3, 3.3.9.3, 3.3.10.3, 3.3.11.2, 3.3.12.2 and 3.3.13.2 of this resolution if as of
the date determined in accordance with paragraph 3.6 of this resolution they increase the
number of ordinary and preference shares in RAO UES of Russia owned by them
compared with the number specified in paragraph 3.3.3 of this resolution by the number of
shares in RAO UES of Russia to the extent that it exceeds the number specified in
paragraph 3.3.3 of this resolution.
3.3.30. The shares in spun-off companies shall be placed for the shares in RAO UES of Russia
title to which transferred after the preparation of the list of persons entitled to participate
in the extraordinary general meeting of RAO UES of Russia of October 26, 2007 in
accordance with paragraphs 3.3.1, 3.3.3, 3.3.8.2, 3.3.9.2, 3.3.10.2, 3.3.8.3, 3.3.9.3,
3.3.10.3, 3.3.11.2, 3.3.12.2 and 3.3.13.2 of this resolution.
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