SECURITIES PROSPECTUS

Approved on October 27, 2008 Registered on (month) (day), 20State registration number1 – 0 1 5 5 3 8 5 – Еby the Board of Directors ofJSC IDGC Holding(issuer's body approvingthe securities prospectus)2 – 0 1 – 5 5 3 8 5 – Е –(state registration number assigned to the issue (additional issue) ofsecurities)Federal Financial Markets Service(registration authority)(title and signature of the duly authorized employee of theMinutes No. 7registration authority)of October 27, 2008 Seal of the registration authoritySECURITIES PROSPECTUSJSC Interregional Distribution Grid Companies Holding(full corporate name of the issuer)Uncertificated registered ordinary shares(class, category (type), form and other identification features of securities)Par value per share: One (1) ruble; quantity of securities: 41,041,753,984 (forty-one billion,forty-one million, seven-hundred fifty-three thousand, nine-hundred and eighty-four)securities(par value (if applicable) and quantity of securities; maturity for bonds and options of the issuer)Uncertificated registered preference shares(class, category (type), form and other identification features of securities)Par value per share: One (1) ruble; quantity of securities: 2,075,149,384 (two-billion,seventy-five million, one-hundred forty-nine thousand, three-hundred and eighty-four)securities(par value (if applicable) and quantity of securities; maturity for bonds and options of the issuer)http://www.e-disclosure.ru/portal/company.aspx?id=13806(webpage used by the issuer for information disclosure)The information contained in this securities prospectusis subject to disclosure in accordance with the securities lawsof the Russian Federation.THE REGISTRATION AUTHORITY IS NOT LIABLE FOR THE RELIABILITY OFINFORMATION CONTAINED IN THIS SECURITIES PROSPECTUS AND DOES NOTEXPRESS ITS ATTITUDE TOWARD THE SECURITIES BEING PLACED BY THE FACTOF ITS REGISTRATION.We hereby confirm the reliability of the initial financial (accounting) statements of theissuer as of July 1, 2008, and the conformity of the issuer's accounting procedure with the lawsof the Russian Federation. Other information concerning the financial position of the issuer,contained in sections III, IV, V and VIII of this prospectus, was audited as to its conformity in1

all material respects with the information contained in the audited initial financial (accounting)statements as of July 1, 2008.Full corporate name of the auditor: NP Consult Closed Joint-Stock Company.Director GeneralNP ConsultClosed Joint-Stock Company ____________ A. A. NesterovDate (month) (day), 2008SealDirector General,JSC IDGC HoldingDate (month) (day), 2008_____________A. I. KazakovChief Accountant,JSC IDGC HoldingDate (month) (day), 2008_____________SealS. V. Makshakov2

CONTENTSIntroduction 7I. Brief Information Concerning Individual Members of the Issuer’s ManagementBodies, Details of the Issuer’s Bank Accounts, Auditor, Appraiser and Financial 9Advisor and Other Individuals Who Signed the Prospectus1.1. Individual Members of the Issuer’s Management Bodies 91.2. Bank Account Details of the Issuer 91.3. Information Concerning the Issuer’s Auditor(s) 121.4. Information Concerning the Issuer’s Appraiser 141.5. Information Concerning the Issuer’s Advisor(s) 141.6. Information Concerning Other Individuals Who Signed the Securities Prospectus 14II. Brief Information Concerning Placement Value, Time Limits, Procedure andConditions for Each Class, Category (Type) of Issue-Grade Securities Being Placed15III. Basic Information Concerning the Issuer’s Financial and Economic Condition 163.1. Financial and Economic Performance Indicators of the Issuer 163.2. Market Capitalization of the Issuer 163.3. Liabilities of the Issuer 173.3.1. Accounts Payable 173.3.2. Credit History of the Issuer 183.3.3. Liabilities of the Issuer with Regard to Collateral Furnished to Third Parties 183.3.4. Other Liabilities of the Issuer 183.4. Goals of Issuance and Ways of Using Proceeds from the Issuance of Issue-GradeSecurities183.5. Risks Associated with the Acquisition of Issue-Grade Securities Being Placed 183.5.1. Industry-Specific Risks 193.5.2. Country and Regional Risks 203.5.3. Financial Risks 223.5.4. Legal Risks 243.5.5. Risks Associated with the Issuer’s Activities 263.5.6. Bank Risks 27IV. Detailed Information Concerning the Issuer 284.1. Establishment History and Development of the Issuer 284.1.1. Data Concerning the Issuer’s Corporate Name 284.1.2. Information Concerning the Issuer’s State Registration 284.1.3. Information Concerning the Issuer’s Establishment and Development 284.1.4. Contact Details 304.1.5. Taxpayer Identification Number 304.1.6. Branches and Representative Offices of the Issuer 304.2. Core Business Activities of the Issuer 314.2.1. Industry in Which the Issuer Operates 314.2.2. Core Business Activities of the Issuer 314.2.3. Materials, Goods (Raw Materials) and Suppliers of the Issuer 314.2.4. Target Markets for the Issuer’s Products (Work, Services) 314.2.5. Information Concerning the Licenses Held by the Issuer 314.2.6. Joint Operations of the Issuer 314.2.7. Additional Requirements for Issuers From Among Incorporated InvestmentFunds, Insurers or Lending Institutions, Mortgage Agents324.2.8. Additional Requirements for Issuers Whose Core Business Is the Extraction ofMineral Resources324.2.9. Additional Requirements for Issuers Whose Core Business Is the Provision of 323

Communication Services4.3. Plans for Future Activities of the Issuer 324.4. Participation of the Issuer in Industrial, Banking and Financial Groups, Holding32Companies, Concerns and Associations4.5. Subsidiaries and Dependent Business Entities of the Issuer 334.6. Composition, Breakdown and Value of the Issuer’s Fixed Assets, InformationConcerning Plans for the Acquisition, Replacement, Retirement of Fixed Assets and 112All Evidence of Encumbrance of the Issuer’s Fixed Assets4.6.1. Fixed Assets 112V. Information Concerning the Issuer’s Financing and Economic Activities 1145.1. Financial and Economic Performance of the Issuer 1145.1.1. Profit and Loss 1145.1.2. Factors Which Affected the Amount of Revenue from the Sale of Goods,Products, Work, Services by the Issuer and the Issuer’s Profit (Loss) from OperatingActivities5.2. Liquidity of the Issuer, Capital and Current Asset Adequacy 1145.3. Value and Structure of the Issuer’s Capital and Current Assets 1145.3.1. Value and Structure of the Issuer’s Capital and Current Assets 1145.3.2. Financial Investments of the Issuer 1165.3.3. Intangible Assets of the Issuer 1165.4. Information Concerning the Policy and Expenses Incurred by the Issuer in theArea of Scientific and Technological Development, in Respect of Licenses and Patents,New Developments and Research5.5. Analysis of Trends in the Issuer’s Core Business 1165.5.1. Analysis of Factors and Conditions Affecting the Issuer’s Activities 1175.5.2. Competitors of the Issuer 118VI. Detailed Information Concerning Individual Members of the Issuer’sManagement Bodies, the Issuer’s Bodies Controlling Its Financing and EconomicActivities and Brief Information Concerning the Issuer’s Employees (Personnel)6.1. Details of the Structure and Jurisdiction of the Issuer’s Management Bodies 1196.2. Information About Individual Members of the Issuer’s Management Bodies 1246.3. Information Concerning the Amount of Remuneration, Benefits and/orReimbursement of Expenses for Each Management Body of the Issuer6.4. Information Concerning the Structure and Authority of Bodies Exercising Controlof the Issuer’s Financing and Economic Activities6.5. Information Concerning Individual Members of Bodies Exercising Control of theIssuer’s Financing and Economic Activities6.6. Information Concerning the Amount of Remuneration, Benefits and/orReimbursement of Expenses for the Body Exercising Control of the Issuer’s Financingand Economic Activities6.7. Data Concerning Headcount and High-Level Data Concerning the Education andComposition of the Issuer’s Personnel (Employees) and Changes in the Issuer’sEmployee (Personnel) Headcount6.8. Information Concerning Any Obligations of the Issuer to Its Employees(Personnel) Regarding Their Possible Participation in the Authorized Capital of theIssuerVII. Information Concerning the Issuer’s Participants (Shareholders) and Related-158Party Transactions Executed by the Issuer7.1. Information Concerning Total Number of the Issuer’s Participants (Shareholders) 1587.2. Information Concerning the Issuer’s Participants (Shareholders) Owning at Least5 Percent of Its Authorized (Share) Capital (Unit Trust) or at Least 5 Percent of Its 158Ordinary Shares; Information Concerning Participants in (Shareholders of) Such1141161191491491521571571574

Entities Owning at Least 20 Percent of the Their Authorized (Share) Capital (UnitTrust) or at Least 20 Percent of Their Ordinary Shares7.3. Information Concerning the Stake Held by the Government or Municipality in theIssuer’s Authorized (Share) Capital (Unit Trust) and Special Right ("Golden Share")1597.4. Information Concerning Restrictions on Participation in the Issuer’s Authorized(Share) Capital (Unit Trust)1607.5. Information Concerning Changes in the Composition and Value of Stakes Held bythe Issuer’s Shareholders (Participants) Owning at Least 5 Percent of Its Authorized 160(Share) Capital (Unit Trust) or at Least 5 Percent of Its Ordinary Shares7.6. Information Concerning Related-Party Transactions Executed by the Issuer 1617.7. Information Concerning the Value of Accounts Receivable 161VIII. Accounting Statements of the Issuer and Other Financial Information 1628.1. Annual Accounting Statements of the Issuer 1628.2. Quarterly Accounting Statements of the Issuer for the Most Recently ClosedReporting Quarter1628.3. Consolidated Accounting Statements of the Issuer for the Three Most Recently162Closed Fiscal Years or Each Closed Fiscal Year8.4. Information Concerning the Issuer’s Accounting Policy 1638.5. Information Concerning Total Exports and Exports as a Percentage of Total Sales 1638.6. Information Concerning the Value of the Issuer’s Immovable Property andSignificant Changes in the Composition of the Issuer’s Property After the Final Dateof the Most Recently Closed Fiscal Year8.7. Information Concerning the Issuer’s Participation in Legal Proceedings if SuchParticipation Can Have a Material Impact on the Issuer’s Financing and EconomicActivitiesIX. Detailed Information Concerning the Procedure and Conditions for thePlacement of Issue-Grade Securities1649.9. Information Concerning Possible Changes in Stakes Held by Shareholders in theIssuer’s Authorized Capital as a Result of Placement of Issue-Grade Securities164X. Additional Information Concerning the Issuer and Issue-Grade Securities Placedby the Issuer16510.1. Additional Information Concerning the Issuer 16510.1.1. Information Concerning the Value and Structure of the Issuer’s Authorized(Share) Capital (Unit Trust)16510.1.2. Information Concerning Changes in the Issuer’s Authorized (Share) Capital(Unit Trust)16510.1.3. Information Concerning the Establishment and Use of the Reserve Fund andOther Funds of the Issuer16510.1.4. Information Concerning the Procedure for Convening and Holding theMeetings of the Issuer’s Supreme Management Body16510.1.5. Information Concerning Profit-Making Organizations in Which the IssuerOwns at Least 5 Percent of Authorized (Share) Capital (Unit Trust) or at Least 5 168Percent of Ordinary Shares10.1.6. Information Concerning Material Transactions Executed by the Issuer 18910.1.7. Information Concerning the Issuer’s Credit Ratings 18910.2. Information About Each Category (Type) of the Issuer’s Shares 18910.3. Information Concerning Previous Issuances of Issue-Grade Securities of theIssuer Other than Shares10.4. Information Concerning Individual(s) Who Provided Collateral Securing Bondsfrom the Issuance10.5. Conditions for Securing the Performance of Obligations with Respect to Bondsfrom the Issuance1631631911921925

10.6. Information Concerning Entities Recording the Rights to the Issue-GradeSecurities of the Issuer19210.7. Information Concerning Legislative Acts Governing Capital Import/ExportAspects Which May Affect Dividend, Interest and Other Payments to Non-residents19210.8. Description of the Procedure for Taxation of Income from the Issue-GradeSecurities (to Be) Placed by of the Issuer19410.9. Information Concerning Declared (Accrued) and Paid Dividend on the Issuer’sShares and Yield on the Issuer’s Bonds19910.10. Other Information 199Appendices to the Securities ProspectusAppendix 1. Initial Balance Sheet of the Issuer as of July 1, 2008 200Appendix 2. Auditors’ Report on the Initial Financial (Accounting) Statements of theIssuer as of July 1, 2008205Appendix 3. Information Concerning the Accounting Policy of the Issuer for 2008 2146

INTRODUCTIONBrief description of the basic information provided below in the securities prospectus ofJSC IDGC Holding (hereinafter the "issuer", "company"):a) basic information about the securities being placed by the issuer in respect of whichthe prospectus is registered:Not applicable, since the securities prospectus will be registered after the state registrationof securities issue reports.b) basic information about the securities placed by the issuer in respect of which theprospectus is registered:This securities prospectus is registered in respect of two simultaneously registered issues ofthe issuer's securities.First issue:• Class, category (type) of securities: uncertificated registered ordinary shares.• Par value per share: 1 ruble.• Quantity of outstanding shares: 41,041,753,984 shares.• State registration number: 1-01-55385-Е.• Securitization conditions (for secured bonds): this securities prospectus is not registered inrespect of secured bonds.• Conversion conditions (for convertible securities): this securities prospectus is notregistered in respect of convertible securities.Second issue:• Class, category (type) of securities: uncertificated registered preference shares.• Par value per share: 1 ruble.• Quantity of outstanding shares: 2,075,149,384 shares.• State registration number: 2-01-55385-Е.• Securitization conditions (for secured bonds): this securities prospectus is not registered inrespect of secured bonds.• Conversion conditions (for convertible securities): this securities prospectus is notregistered in respect of convertible securities.c) principal goals of issue and ways of using proceeds from the placement of issue-gradesecurities:JSC IDGC Holding was established as a result of reorganization of Unified Energy Systemof Russia (hereinafter "RAO UES of Russia") through a spin-off.Reorganization was carried out in accordance with the principal government policies in theelectricity industry reform. The principal goal of Russia's electric power industry reform is toincrease the efficiency of enterprises representing the industry, create conditions for itsdevelopment based on the encouragement of investment, ensure reliable and uninterruptiblepower supply to customers.The issue is aimed at ensuring the exercise of rights of the shareholders owning the issuer'sordinary and preference shares placed through their allocation among the shareholders owningordinary and preference shares in RAO UES of Russia respectively in the reorganization of RAOUES of Russia.No funds were raised for issue purposes, ordinary shares were not placed by the issuer with7

a view to finance a certain transaction (inter-related transactions) or other operation. Theproperty received as a result of reorganization is used in the daily business operations of theissuer.d) other information which the issuer deems necessary to specify in the introduction:Not applicable.This securities prospectus contains the estimates and forecasts of the dulyauthorized management bodies of the issuer concerning future events and/or actions,development prospects for the branch of economy in which the issuer conducts its corebusiness and the issuer's performance, including the issuer's plans, the likelihood of certainevents and certain actions. Investors should not fully rely on the estimates and forecasts of theissuer's management bodies, since the actual performance of the issuer in the future maydiffer from forecast performance for many reasons. The acquisition of the issuer's securities isassociated with the risks described in this securities prospectus.8

I. Brief Information Concerning Individual Members of the Management Bodies of JSCIDGC Holding, Details of the Bank Accounts and Auditor of JSC IDGC Holding and OtherIndividuals Who Signed the Prospectus1.1. Individual Members of the Management Bodies of JSC IDGC HoldingMembers of the Board of Directors of JSC IDGC Holding:Full NameKirill Gennadievich Androsov 1972Denis Arkadievich Askinadze 1974Mikhail Ivanovich Buyanov 1949Alexander Stalievich Voloshin 1956Andrei Vladimirovich Dementiev 1967Alexander Ivanovich Kazakov 1948Vyacheslav Mikhailovich Kravchenko 1967Mikhail Yuryevich Kurbatov 1981Yury Mitrofanovich Medvedev 1949Gleb Sergeyevich Nikitin 1977Andrei Natanovich Rappoport 1963Seppo Juha Remes 1955Yakov Moiseyevich Urinson 1944Viktor Borisovich Khristenko 1957Ilya Arturovich Yuzhanov 1960Year of birthTHE CHAIRMAN OF THE BOARD OF DIRECTORS is Vyacheslav MikhailovichKravchenko.Collegial executive body is not provided for by the Articles of Association of JSC IDGCHolding.Individual holding the position of (acting as) the sole executive body of JSC IDGC Holding:Director GeneralFull NameYear of birthAlexander Ivanovich Kazakov 19481.2. Bank Account Details of JSC IDGC HoldingBank account details of JSC IDGC Holding which the Company deems principal:1. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCEMOSNARBANK (open joint stock company)Short corporate name: EVROFINANCE MOSNARBANKLocation: 121099, Moscow, ul. Novy Arbat, d. 29INN (Taxpayer Identification Number): 7703115760BIK (Bank Identification Code): 044525204Correspondent account: 30101810900000000204Account typeAccount numbersettlement account 407028102000040771902. Full corporate name: Savings Bank of the Russian Federation9

Short corporate name: SberbankLocation: 117997, Moscow, ulitsa Vavilova, dom 19Central head office No. 8641INN (Taxpayer Identification Number): 7707083893BIK (Bank Identification Code): 044525225Correspondent account: 30101810400000000225Account typeAccount numbersettlement account 407028101383600267583. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCEMOSNARBANK (open joint stock company)Short corporate name: EVROFINANCE MOSNARBANKLocation: 121099, Moscow, ul. Novy Arbat, d. 29INN (Taxpayer Identification Number): 7703115760BIK (Bank Identification Code): 044525204Correspondent account: 30101810900000000204Account typeAccount numberUS dollar current account 407028408000040771914. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCEMOSNARBANK (open joint stock company)Short corporate name: EVROFINANCE MOSNARBANKLocation: 121099, Moscow, ul. Novy Arbat, d. 29INN (Taxpayer Identification Number): 7703115760BIK (Bank Identification Code): 044525204Correspondent account: 30101810900000000204Account typeAccount numberUS dollar transit account 407028407000040771815. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCEMOSNARBANK (open joint stock company)Short corporate name: EVROFINANCE MOSNARBANKLocation: 121099, Moscow, ul. Novy Arbat, d. 29INN (Taxpayer Identification Number): 7703115760BIK (Bank Identification Code): 044525204Correspondent account: 30101810900000000204Account typeAccount numberEuro current account 407029785000040771986. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCEMOSNARBANK (open joint stock company)Short corporate name: EVROFINANCE MOSNARBANKLocation: 121099, Moscow, ul. Novy Arbat, d. 29INN (Taxpayer Identification Number): 7703115760BIK (Bank Identification Code): 044525204Correspondent account: 30101810900000000204Account typeAccount numberEuro transit account 407029784000040771887. Full corporate name: Savings Bank of the Russian FederationShort corporate name: Sberbank10

Location: 117997, Moscow, ulitsa Vavilova, dom 19Central head office No. 8641INN (Taxpayer Identification Number): 7707083893BIK (Bank Identification Code): 044525225Correspondent account: 30101810400000000225Account typeAccount numberUS dollar current account 407028404383600267588. Full corporate name: Savings Bank of the Russian FederationShort corporate name: SberbankLocation: 117997, Moscow, ulitsa Vavilova, dom 19Central head office No. 8641INN (Taxpayer Identification Number): 7707083893BIK (Bank Identification Code): 044525225Correspondent account: 30101810400000000225Account typeAccount numberUS dollar transit account 407028407383610267589. Full corporate name: Savings Bank of the Russian FederationShort corporate name: SberbankLocation: 117997, Moscow, ulitsa Vavilova, dom 19Central head office No. 8641INN (Taxpayer Identification Number): 7707083893BIK (Bank Identification Code): 044525225Correspondent account: 30101810400000000225Account typeAccount numberEuro current account 4070297803836002675810. Full corporate name: Savings Bank of the Russian FederationShort corporate name: SberbankLocation: 117997, Moscow, ulitsa Vavilova, dom 19Central head office No. 8641INN (Taxpayer Identification Number): 7707083893BIK (Bank Identification Code): 044525225Correspondent account: 30101810400000000225Account typeAccount numberEuro transit account 4070297833836102675811. Full corporate name: JOINT STOCK COMMERCIAL BANK EVROFINANCEMOSNARBANK (open joint stock company)Short corporate name: EVROFINANCE MOSNARBANKLocation: 121099, Moscow, ul. Novy Arbat, d. 29INN (Taxpayer Identification Number): 7703115760BIK (Bank Identification Code): 044525204Correspondent account: 30101810900000000204Account typeAccount numbercorporate card account 4070281040000407703911

1.3. Information Concerning the Issuer's Auditor(s):Given that the issuer has conducted its business since July 1, 2008, and as of the date ofapproval of this prospectus the accounting statements for quarter 3 of 2008 are not yet due,provided below is information concerning the issuer's auditor, which audited the financial(accounting) statements of the issuer as of July 1, 2008, and prepared the relevant auditors' report.Full corporate nameNP Consult Closed Joint-Stock CompanyShort corporate nameZAO NP ConsultLocation of the auditing firm 115191, Moscow, Dukhovskoi per, d.14Telephone and fax Tel. (495) 952-10-41; fax: (495) 954-47-26E-mailaudit@npg.ruNumber, date of issuance andperiod of the license to performLicense to perform audit activities No. Е004289 datedMay 15, 2003; valid until May 15, 2013audit activitiesIssuing authorityFinancial period for which theauditor conducted an independentaudit of the initial financial(accounting) statements of theissuerMinistry of Finance of the Russian FederationThe auditor conducted an independent audit of theinitial financial (accounting) statements of the issuer asof July 1, 2008.Factors which can affect the independence of the issuer's auditor, including informationabout significant interests linking the auditor (executives of the auditor) and the issuer(executives of the issuer): such factors, including significant interests linking the auditor(executives of the auditor) and the issuer (executives of the issuer), are not applicable.- stakes held by the auditor (executives of the auditor) in the authorized capital of theissuer: the auditor and its executives do not own any stakes in the authorized capital of the issuer;- provision of borrowings to the auditor (executives of the auditor) by the issuer: theissuer did not provide any borrowings to the auditor (executives of the auditor);- close business relationship (participation in promoting the issuer's products (services),participation in joint entrepreneurial activities, etc) and family relationship: the issuer hasneither close business relationship nor family relationship with the auditor;- information concerning the issuer's executives who are simultaneously the auditor'sexecutives (auditors): the issuer's executives are not simultaneously the auditor's executives(auditors).Measures taken by the issuer and auditor to reduce the above-mentioned factors: theauditor is not a shareholder of the issuer, the issuer is not a shareholder of the auditor, the issuer'sChief Accountant is not an employee of the auditor, the auditor and the issuer did not enter intoany loan/credit agreements.The issuer and the auditor act within the Russian laws, specifically in accordance withFederal Law No. 119-FZ dated August 7, 2001, "On Auditing", Article 12 of which requires thatthe auditor be fully independent from the issuer, and the amount of the auditor's fee did not dependon the audit results.The principal measure taken by the issuer and the auditor to reduce mutual dependence is theprocess of thorough review of independence of the auditor candidate from the issuer. The issuerand the issuer's auditor interact in full compliance with the requirements of Article 12 of FederalLaw No. 119-FZ dated August 7, 2001, "On Auditing", the amount of the auditor's fee does notdepend on the results of conducted audits.12

Procedure for the Selection of Auditor by the IssuerBidding process related to auditor selection and its key termsBy Order No. 36 of the Director General dated September 2, 2008, JSC IDGC Holdingestablished a permanent commission for organizing procurements in the field of corporate, legaland property relations (hereinafter the "Commission") and approved the CommissionRegulations.The roles of the Commission include approving the methods and procedures forprocuring services in the field of corporate, legal and property relations, organizing andconducting procurement procedures, forming criteria for assessing submitted requests andidentifying the winner in accordance with the approved procedures.When selecting the auditor for the provision of services related to the independent auditof the initial accounting statements of JSC IDGC Holding and the verification of informationcontained in the securities prospectus of JSC IDGC Holding, the Commission used the methodof public request for proposals.Based on the submitted proposals, the winner in the public request for proposals for theexecution of agreement with JSC IDGC Holding for the provision of auditing services related tothe independent audit of the initial accounting statements of JSC IDGC Holding (including thesubmission of auditors' report) and the verification of information contained in the securitiesprospectus of JSC IDGC Holding as to its compliance in all material respects with the auditedinformation from financial (accounting) statements was ZAO NP Consult.Procedure for submitting the auditor candidate for approval by the meeting ofshareholders (participants), including the management body adopting the relevant decision.In accordance with Article 14.2 of the Articles of Association of JSC IDGC Holding theauditor of the Company is recommended by the Board of Directors of the Company for approvalby the General Meeting of Shareholders after bidding-based selection of auditing firms forconducting mandatory audits of the Company in accordance with the procedure approved by theBoard of Directors of the Company.The General Meeting of Shareholders approves the auditor (auditing firm) of theCompany.Information concerning work performed by the auditor as part of special engagements.Not applicable.Procedure for determining the amount of the auditor's fee, the actual amount of feepaid by the issuer (Company) to the auditor for each fiscal year or other reporting period forwhich the auditor conducted an independent audit of accounting records and financial(accounting) statements of the issuer (Company); information about deferred and past duepayments for the services provided by the auditor.In accordance with the Articles of Association the amount of the auditor's fee isdetermined by the Board of Directors of the Company. Service fee and the procedure forpayment for the auditor's services are specified in the agreement between the issuer and theauditor and calculated based on the time spent on the audit and the number of employeesinvolved in auditing the financial (accounting) statements of the issuer.The actual amount of fee paid by the issuer to the auditor for each fiscal year or otherreporting period for which the auditor conducted an independent audit of accounting recordsand financial (accounting) statements of the issuer:The actual amount of the auditor's fee for the provision of services related to theindependent audit of the initial accounting statements of JSC IDGC Holding and the verificationof information contained in the securities prospectus of JSC IDGC Holding as to its compliance13

in all material respects with the audited information from financial (accounting) statements was1,180,000 rubles (inclusive of VAT).Information concerning deferred and past due payments for the services provided bythe auditor:Not applicable.1.4. Information Concerning the Issuer’s AppraiserThe issuer did not retain the appraiser(s) for:determining the market value of securities being placed;determining the market value of property collateralizing the secured bonds of the issuer;providing any other appraisal services related to the issue of the securities informationabout which is specified in the securities prospectus.1.5. Information Concerning the Issuer’s Advisor(s)Neither the financial advisor in the securities market nor other individuals providingadvisory services to the issuer in relation to the securities issue were retained.1.6. Information Concerning Other Individuals Who Signed the Securities Prospectus:Full name: Sergei Vladimirovich Makshakov.Year of birth: 1963Primary employer: JSC IDGC Holding.Position: Chief Accountant.Other individuals signing this securities prospectus not specified in the previous paragraph ofthis section: not applicable.14

II. Brief Information Concerning Placement Value, Time Limits, Procedure and Conditionsfor Each Class, Category (Type) of Issue-Grade Securities Being PlacedIn accordance with paragraph 14 of Article 22 of Federal Law No. 39-FZ "On SecuritiesMarket" dated April 22, 1996, and paragraph 4.4 of the Regulations for the Disclosure ofInformation by Issue-Grade Securities Issuers, approved by Decree of the Federal FinancialMarkets Service of Russia No. 06-117/pz-n dated October 10, 2006, this section is not completedsince the securities prospectus is registered after the state registration of issuance of issue-gradesecurities.15

III. Basic Information Concerning the Financial and Economic Condition of JSC IDGCHolding3.1. Financial and Economic Performance Indicators of JSC IDGC HoldingThe financial and economic performance indicators of the issuer for the 5 most recentlyclosed fiscal years or each closed fiscal year and as of the final date of the most recently closedreporting period up to the date of approval of the securities prospectus are not specified hereinsince the issuer was established on July 1, 2008. As of the date of approval of the securitiesprospectus, the accounting statements for quarter 3 of 2008 were not due.Indicators as of July 1, 2008, as specified in the initial balance sheet.Indicator As of July 1, 2008Net asset value, rubles 238,693,595,358.17Raised funds to equity and reserves ratio, % 3.339Short-term liabilities to equity and reservesratio, % 3.339Debt settlement ratio, % -Past due debt rate, % 0Receivables turnover, number of times -Dividend payout ratio, % -Labor productivity, rubles/person -Depreciation to revenue ratio, % -Note: The issuer was established as a result of reorganization of RAO UES of Russiathrough a spin-off on July 1, 2008, and as of the date of approval of this prospectus theaccounting statements for quarter 3 of 2008 are not yet due.Raised funds to equity and reserves ratio and short-term liabilities to equity and reservesratio, characterizing the extent to which the issuer depends on borrowings, account for 3.339 %.It means that the issuer depends on borrowings to a minor extent. Debt settlement ratio,receivables turnover, dividend payout ratio, labor productivity and depreciation to revenue ratioare not provided due to the lack of accounting statements of the issuer for 2007.The solvency and financial standing of the issuer can not be analyzed, since the indicatorsas of July 1, 2008, do not reflect their evolution.3.2. Market Capitalization of JSC IDGC HoldingInformation concerning the issuer's market capitalization for the 5 most recently closedfiscal years or each closed fiscal year and as of the final date of the most recently closedreporting period up to the date of approval of the securities prospectus are not specified hereinsince the issuer was established on July 1, 2008.Since the issuer's shares were and are not traded in the securities market, the marketcapitalization of the issuer can not be determined using the methods specified in the Regulationsfor the Disclosure of Information by Issue-Grade Securities Issuers, approved by Decree of theFederal Financial Markets Service of Russia No. 06-117/pz-n dated October 10, 2006 (asamended).16

3.3. Liabilities of JSC IDGC Holding3.3.1. Accounts PayableInformation for the 5 most recently closed fiscal years or each closed fiscal year is notprovided since the issuer was established on July 1, 2008.Provided below are indicators specified in the initial balance sheet of the issuer as of July1, 2008.Indicator As of July 1, 2008Total value of accounts payable by the issuer, rubles 7,726,325,532.46Total value of past due payables payable, rubles 0Breakdown of accounts payable by the issuer as of July 1, 2008.Type of accounts payableMaturityone year or less more than one yearAccounts payable to suppliers and contractors,266.67 0rublesincluding past due payables, rubles 0 XAccounts payable to the personnel of the0 0entity, rublesincluding past due payables, rubles 0 XAccounts payable to the budget and extrabudgetary0 0public funds, rublesincluding past due payables, rubles 0 XLoans, rubles 0 0including past due payables, rubles 0 XTotal loans, rubles 0 0including past due payables, rubles 0 Xincluding bond loans, rubles 0 0including past due bond loans, rubles 0 XOther accounts payable, rubles 7,726,325,265.79 0including past due payables, rubles 0 XTotal, rubles 7,726,325,532.46 0including past due payables, rubles 0 XAs of July 1, 2008, none of the creditors accounted for at least 10% of total value of accountspayable.3.3.2. Credit History of the IssuerThe issuer did not execute any credit agreements or loan agreements the principal underwhich is 5 percent or more of the book value of the issuer’s assets as of the final date of the mostrecently closed reporting quarter preceding the execution of the relevant agreement or othercredit agreements (loan agreements) which the issuer deems material from the date on which theissuer is established to the date of approval of this securities prospectus.The issuer did not issue bonds.3.3.3. Liabilities of the Issuer with Regard to Collateral Furnished to Third Parties17

This paragraph is not completed since the issuer was established on July 1, 2008. As ofthe date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008are not yet due.3.3.4. Other Liabilities of the IssuerJSC IDGC Holding (the issuer) did not execute any other agreements, including termtransactions not recorded in its initial balance sheet which may materially affect the financialstanding of the issuer, its liquidity, sources of funding and conditions for its use, performanceand expenses.3.4. Goals of Issuance and Ways of Using Proceeds from the Issuance of Issue-GradeSecuritiesJSC IDGC Holding was established as a result of reorganization of Unified Energy Systemof Russia (hereinafter "RAO UES of Russia") through a spin-off.Reorganization was carried out in accordance with the principal government policies in theelectricity industry reform. The principal goal of Russia's electric power industry reform is toincrease the efficiency of enterprises representing the industry, create conditions for itsdevelopment based on the encouragement of investment, ensure reliable and uninterruptiblepower supply to customers.The issue is aimed at ensuring the exercise of rights of the shareholders owning the issuer'sordinary and preference shares placed through their allocation among the shareholders owningordinary and preference shares in RAO UES of Russia respectively in the reorganization of RAOUES of Russia.No funds were raised for issue purposes, ordinary shares were not placed by the issuer witha view to finance a certain transaction (inter-related transactions) or other operation. Theproperty received as a result of reorganization is used in the daily business operations of theissuer.3.5. Risks Associated with the Acquisition of Issue-Grade Securities Being PlacedThe issuer’s performance is affected by a number of factors which the issuer is unable tocontrol fully. Although these are mostly macroeconomic factors impacting all enterprises, certainbusiness aspects can be especially "sensitive" to certain risk factors. The list provided below isincomplete since there are other factors which are currently negligible, but later can have amaterial adverse impact on the issuer’s activities, thus affecting its profit, assets, capital, liquidityand solvency.For the purposes of reducing risk impact on the issuer’s activities in the future, the issuerplans to develop and approve risk management program, which will include the list of risks andactivities aimed at managing such risks. The implementation of risk management system willallow increasing the issuer’s market value by developing and using uniform and consistentapproach to risk identification, assessment and management; promptly responding to riskyevents, monitoring changes in the external and internal environment; organizing targeted riskmanagement activities for the purpose of reducing risks to an acceptable level or transferringthem to third parties.3.5.1. Industry-Specific RisksThe issuer carries out corporate management of its subsidiaries and dependent companies, i.e.Interregional Distribution Grid Companies (hereinafter "IDGCs", "SDCs"). As a result, theissuer’s risks derive from the risks (including industry-specific risks) incurred by the IDGCs itmanages.IDGCs incur industry-specific risks primarily as a consequence of the tariff-setting systemused by the industry, which solves only economic (encouragement of production and investments)and, to a certain extent, political issues: tariffs for electricity transmission services are governed bythe state.18

Higher level of tariffs for services related to electricity transmission by distribution gridcompanies compared with JSC FGC UES service tariff causes risks associated with largecustomers switching to JSC FGC UES, specifically through the construction of alternative powergrid facilities.In the future, these factors can reduce the scope of electricity transmission services providedby IDGCs.Furthermore, the risks faced by the issuer and the IDGCs being managed are associated withthe fact that the process of electric power industry reform and the formation of the target system ofelectricity industry regulation, including the activities of grid entities, have not been completed. Inparticular, the target rules of functioning of retail electricity (capacity) markets have not beenadopted yet and the rules of the transitional period still apply.To manage these risks, the issuer takes an active part in developing the regulations governingthe activities of the IDGCs it manages, including regulations on tariff-setting, and grid companiesproviding services related to electricity and engineering connection to electric grids.According to the issuer, the deterioration of the industry situation affecting the activities ofthe IDGCs being managed can be caused by:1. Operational (production) risks associated with equipment wear, service troubles andcritical changes in its operating parameters. These risks can cause equipment failure (accidents)and the destruction of structures. Systemic accidents can lead to power system islanding, rollingblackouts, critical mode of operation of the primary equipment.Risk management in the field of compliance with industrial safety requirements as part ofmanaging production risks incurred by the IDGCs managed by the issuer is ensured due tocompliance with the federal laws in the area of industrial safety and the secondary system ofproduction control of compliance of the above-mentioned enterprises with industrial safetyrequirements.2. Risks associated with the construction of alternative power grid facilities by largecustomers.In the future, the construction of alternative power grid facilities by large customers canreduce the scope of electricity transmission services provided by IDGCs.To neutralize this risk, IDGCs intensely interacts with customers with a view to createmutually beneficial partnership.Additional actions performed by IDGCs to mitigate the above-mentioned risks:- improving operational performance through the implementation of programs aimed atreducing production costs and saving money;- increasing the share of long-term contracts for the provision of electric power transmissionservices in total number of executed contracts;- reasonable financial policy.3. Risk associated with the uncertainty of threshold for the provision of electricitytransmission services.The risk associated with service threshold uncertainty is caused by the lack of economicdevelopment plans in certain constituent entities of the Russian Federation and municipalitiesspecifying trends in electric power consumption growth in a certain period. The above-mentionedcircumstances make it impossible to accurately forecast the amount of industry investmentscapable of meeting growing mid- and long-term electricity demand. This risk mostly affects theperformance of obligations for the provision of electricity transmission services. This risk isminimized by means of the following activities:- interaction with government authorities of the constituent entities of the Russian Federationand local authorities aimed at forming mid- and long-term plans of economic development of theregion;- protection of electricity transmission tariffs before duly authorized government bodies withdue account for its investment component aimed at increasing the transmission capacity of electricgrid equipment.In view of the above, the issuer believes that possible deterioration of situation in the industryin which IDGCs function, negative changes during the operation and development of electric gridfacilities, the construction of alternative power grid facilities by large customers can affect the19

activities of IDGCs, but are not expected to materially impact the performance of securities-relatedobligations by the issuer.Risks associated with possible changes in the prices of the raw materials and services used bythe issuer in its activities and their impact on the issuer’s activities and the performance ofsecurities-related obligations:Since the issuer does not perform any direct operating activities in the industry, the risksassociated with possible changes in the prices of the component parts and services used by theissuer are negligible. However, to minimize the risk concerned the issuer will purchase servicesfrom external entities in the competitive market whenever possible.Risks associated with possible changes in the prices of the issuer’s services and their impacton the issuer’s activities and the performance of securities-related obligations:Since the issuer’s core business is corporate management of IDGCs and the issuer does not provideany services to third parties in the market, the risks associated with possible changes in the pricesof the issuer’s services are not incurred.3.5.2. Country and Regional RisksSince JSC IDGC Holding does not perform any operating activities and is only in chargeof corporate management of IDGCs, country and regional risks are primarily incurred by theSDCs of the Company.Risks associated with political and economic situationCountry risksIDGCs perform business operations almost throughout the Russian Federation.Therefore, their activities are potentially subject to risks associated with changes in the generaleconomic situation in the country and changes in the political and economic environment.Since the world economy is currently in a recession, resulting in liquidity crisis in bothglobal and domestic financial markets, Standard & Poor’s, an international rating agency,lowered its forecast for the sovereign credit ratings on the Russian Federation of September 19,2008, from Positive to Stable and on October 23, 2008, from Stable to Negative. Ratingdowngrade was caused by the expectation of increasing costs of the Russian FederationGovernment in connection with rendering support to lending institutions in an environment ofgrowing capital outflow, undermining the level of confidence in the financial system. Negativeforecast also reflects the growing likelihood of trend towards budget deficit beginning in 2009,which is opposite to the previous situation of sustainable reduction of government debt.At the same time, long-term credit ratings for foreign currency debt (ВВВ+) and debtdenominated in national currency (А-) as well as short-term sovereign credit ratings (А-2) wereaffirmed in both cases. The national scale credit rating (ruAAA) was affirmed, too.Recent events in September and October 2008 related to global economic recessionshowed that Russia’s economy is not protected against market downturns and economicslowdown in other countries. As has already happened before, financial issues or high sensitivityto risks associated with investment in emerging economies can reduce the amount of foreigninvestments in Russia and adversely affect the Russian economy. Furthermore, since Russiaproduces and exports large volumes of natural gas and oil, the Russian economy is especiallyvulnerable to changes in global natural gas and oil prices and dropping natural gas and oil pricecan slow down or shake Russia’s economic development. These events can restrict capital accessand adversely affect the purchasing power of product consumers. To mitigate the effect of the20

above-mentioned factors on the issuer’s activities, it is planned to reduce debt funding foroperating activities.It should also be noted that an important part of the current government policy iselectricity industry reform, which is currently being completed. The likelihood of change indomestic policy and changes in electricity industry regulation principles and priorities canadversely affect the plans of attracting strategic investments in further industry development andsignificantly slow down or suspend further market transformations in the industry. In particular,the results of electric power industry reform and electricity market liberalization can besuspended or debated.However, the issuer believes that this risk is unlikely to be incurred.Regional risksRegional risks in the operations of IDGCs are primarily associated with partial noninclusionof declared economically feasible expenses in the tariff by the duly authorizedgovernment tariff-setting body. This circumstance can considerably impact the implementationof the investment program of IDGCs. For the purpose of mitigating the effect of regional risks oninvestment program implementation, IDGCs on an ongoing basis interact with governmentauthorities in respect of their actions related to investment projects.Negative changes in the situation of the regions in which IDGCs operate which canadversely affect its activities and economic status are not expected in the near future.Expected behavior of the issuer in the event of adverse effect of changes in thesituation in the country (countries) and region on its activitiesMost of these risks can not be controlled by IDGCs and the issuer itself due to theirscope. In the event of destabilization of political and economic situation in Russia or any givenregion, which can adversely affect the activities of the issuer’s SDCs, the situation will beanalyzed on a case-by-case basis and a number of crisis management measures will be taken tominimize adverse effects, namely: minimize expenses and limit investment plans.Risks associated with possible military conflicts, imposition of the state of emergency andstrikes in the country (countries) and regionMilitary conflicts and the imposition of the state of emergency in the country and regionsin which the issuer operates are unlikely to happen. In the event of possible military conflicts oracts of terror, the SDCs of the issuer can incur the risks of deactivation of their fixed assets.Risks associated with the geographical characteristics of the country (countries) andregion, including high likelihood of natural disasters, possible interruption of transportationdue to remoteness and/or inaccessibility, etcSince the SDCs of the issuer operate almost throughout the Russian Federation, weatherconditions vary greatly. Electric grids exist in different and incomparable geographical zones.Therefore, emergencies are likely to be caused by hurricanes, heavy rains with squallwind and hail, high water and floods, snow drifts, causing possible financial damage tohouseholds, public and social utilities, interrupting car and rail service, heat and electricitysupply to customers. For the purposes of reimbursing for damage caused by emergenciesresulting from natural disasters, etc, IDGCs enter into property insurance agreements.To minimize risks associated with the threat of natural disasters and negative effects ofweather conditions (especially in autumn and winter), grid companies take preparatory measures,establish emergency reserves of material and equipment, train emergency repair teams. Anotherpossible measure is the development of special crisis management programs providing for thejoint action of power engineers, authorities, EMERCOM, the Ministry of Defense and FederalEnvironmental, Engineering and Nuclear Supervision Agency.Risks associated with high likelihood of natural disasters are assessed by the issuer asminimal.21

Risks associated with the possible interruption of transportation due to remoteness and/orinaccessibility are assessed by the issuer as minimal.3.5.3. Financial RisksIn the event of one or more of the below-listed risks, JSC IDGC Holding will take allpossible measures to minimize its negative effects. To partly neutralize risks, the issuer will takea number of protective measures and develop possible activities of the issuer in the event of anygiven risk. However, it should be noted that preliminary development of adequate measures iscomplicated by the uncertainty of the situation and the parameters of activities to be performedwill to a great extent depend on the characteristics of each particular situation. JSC IDGCHolding can not guarantee that the actions aimed at overcoming negative changes will improvethe situation since the factors described above are beyond the control of JSC IDGC Holding.Risks associated with the monetary policy of the Central Bank of the Russian FederationWhen pursuing its monetary policy, the Central Bank of the Russian Federation indirectly affectsfinancial markets and money stock. Recently, top priority has been to maintain stable rubleexchange rate and increase its actual purchasing power. The achievement of these goals usingvarious tools which the Central Bank of the Russian Federation has in place influencescompanies both directly and indirectly. Any actions of the Central Bank of the RussianFederation can both decrease and increase the Company’s risks, thus affecting its financialindicators.Risks associated with exchange rate changesAlmost the entire revenue of JSC IDGC Holding is currently denominated in rubles (includingdividend on the shares owned by the Company). Virtually all expenses are denominated inrubles, too. In this regard, inflation and exchange rate changes do not considerably impact thefinancial and business performance of the Company.JSC IDGC Holding does not have any investments in foreign companies whose net asset value issubject to the risk of exchange rate change.At the same time, there is a risk of decreasing income of the company in the form of dividend onthe shares owned by the Company in the event of USD and EUR/RUR exchange rate growthsince this can cause growing costs of the companies whose shares are owned by the Company,thus reducing net profit used for the payment of dividend received by the Company.Risks associated with interest rate changesThe Company is not currently raising borrowings to finance its expenses.There is a risk of decreasing income of the company in the form of dividend on the shares ownedby the Company in the event of interest rate growth since this can cause growing costs of thecompanies whose shares are owned by the Company, thus reducing net profit used for thepayment of dividend received by the Company.Expected behavior of the issuer in the event of adverse effect of interest rate changes on theissuer’s activities:In this case, the issuer plans to perform activities aimed at optimizing costs, revising capitalinvestment program, increasing working capital efficiency.Risks associated with inflation impactAccording to official data, inflation rate in Russia in 2004 was 11.7%; in 2005, 10.9%; in2006, 9%; in 2007, 11.9 %. The initial inflation rate forecast for 2008 was 7% but was22

subsequently revised several times and the current estimate of the Russian FederationGovernment for 2008 is 12% or 13%.Higher price growth rates can cause the growth of the issuer’s costs (due to product and serviceprice growth), an increase in the cost of borrowings and the reduction of profitability indicators.Therefore, if actual inflation indicators considerably exceed the forecasts of the RussianFederation Government, the issuer plans to take proper measures, namely:– mitigate cost growth,– reduce accounts receivable and its average maturity;– increase accounts payable to the optimal level;– exclude excess cash.However, it is not possible to predict the critical inflation rate for JSC IDGC Holdingsince consideration should be given not only to consumer price level but also to changes in theactual purchasing power of the ruble, situation in the electricity markets and future governmentpolicy in respect of electricity tariffs.Effect of financial markets on the indicators of financial statementsInflation processes, leading to the growing prices of materials, raw materials and servicesused by the Company in its activities, can affect balance sheet total.The issuer believes that it is the Company’s net profit that can be most affected by theinflation processes in the economy of the Russian Federation. This is due to the fact that theopportunities of the companies whose shares are owned by the Company to raise the prices ofelectric power transportation services are restricted by government regulation, i.e. can not bechanged by companies depending on changes in inflation rates and at the same time the costs ofthe companies whose shares are owned by the Company (which are mostly denominated inrubles) change in line with inflation rates. Therefore, inflation processes can cause drop in netprofit of the companies whose shares are owned by the Company, which, in its turn, will lead tothe reduction of net profit used for the payment of dividend received by the Company.The Company assesses the financial risks described above (sharp changes in foreignexchange rates, inflation, interest rate growth) in the near future as highly likely. These risks canresult in the growth of the issuer’s costs and profit reduction, which can be offset by the growingtariffs of the companies whose shares are owned by the Company and the decreasing amount ofraised borrowings.3.5.4. Legal RisksThe issuer notifies that if one or more risks listed below occurs the issuer will make everypossible effort within the issuer’s power to eliminate and/or minimize the risk(s) and will take allnecessary measures to eliminate or mitigate its/their implications.Legal risks associated with of issuer’s activities:Legal risks, including risks associated with ambiguous interpretations of legislation, cancause incorrect tax calculation and payment. To mitigate these risks, the accounting department ofthe issuer performs ongoing work aimed at legitimate improvement of tax base calculationmethodology for different taxes and controls compliance with the applicable laws.There are risks of losses associated with changes in legislation and incorrect legal executionof documents and support for the issuer’s activities. To minimize such risks, almost all operationsof the issuer undergo mandatory prior legal review.The issuer (and all joint-stock companies operating in the Russian Federation) incur the riskof changes in legislation (federal laws and by-laws) governing joint-stock and corporaterelationship.As the parent company of all constituent IDGCs, the issuer incurs the risks of appeal of majortransactions and related-party transactions by the shareholders of the IDGCs concerned (when such23

transactions are executed without proper prior approval of the Board of Directors or GeneralMeeting of Shareholders or their approval breaches the established procedure).To minimize these risks, the issuer and its constituent SDCs (IDGCs), when handlingcontracts, on a mandatory basis conduct prior legal analysis of transactions being executed toidentify grounds for the preliminary corporate procedures provided for by the applicable lawsand/or Articles of Association. If necessary, the relevant transactions are submitted forconsideration by the duly authorized management bodies of the issuer and the IDGCs beingmanaged and taken over by the issuer.Risks associated with IDGS shareholder relations include, but are not limited to, risksassociated with the recording of rights to the shares in IDGCs; the risk of "corporate blackmail" onthe part of shareholders; the risk that the actions of unfriendly shareholders can disrupt the GeneralMeetings of Shareholders of the issuer in the future.The minimization of these risks is facilitated by the fact that the register of shareholders ofboth the issuer and the companies it manages is kept by the professional registrar (ZAO STATUSRegistration Company), which has considerable experience in the Russian stock market. The issuerand its subsidiaries and dependent companies implement a set of measures aimed atcommunicating with shareholders and fully observing the legal rights and interests of the latter(information disclosure in accordance with the procedure set forth in regulations, regular meetingsbetween the management and shareholders of the company with the primary objective to explainimportant issues related to daily operations and the completion of electricity industry reform;compliance with corporate procedures and internal documents).Given that the issuer neither performs nor plans to perform its activities outside the RussianFederation, the issuer does not incur any legal risks associated with its activities in externalmarkets.Risks associated with changes in currency lawsIn the issuer’s opinion, these risks are unlikely to occur since the issuer operates inaccordance with the applicable laws and considers changes in the applicable laws in its activities.Risks associated with changes in tax lawsLegal risks associated with changes in tax laws with regard to tax rate growth or changes inthe procedure and time limits for tax calculation and payment can cause drop in net profit of theIssuer, which, in its turn, can result in the reduction of the amount of paid dividend.Although the issuer meets the requirements of the applicable tax laws in full and inaccordance with the established procedure, the risks of tax claims against the issuer can not beruled out.This risk is also caused by the characteristics of the applicable laws and court system, whichmanifests itself in differences in court practices on the same matters and the interpretation oflegislation in general, conflict of laws, etc, resulting in the risk of subjective and judgmentalassessment of the issuer’s business facts and tax payments by courts.In the event of changes in the applicable taxation procedure and conditions, the issuer intendsto adjust the planning of its financial and business activities for these changes.Risks associated with changes in customs regulations and dutiesIn the issuer’s opinion, these risks are unlikely to occur since the issuer operates inaccordance with the applicable laws and considers changes in the applicable laws in its activities.Risks associated with changes in the requirements for the issuer’s core business licensing or thelicensing of rights to use constrained assets (including natural resources).In the event of changes in the requirements for the issuer’s core business licensing or thelicensing of rights to use constrained assets (including natural resources) the issuer will adjust itsactivities for such changes and take appropriate measures to obtain all necessary licenses inaccordance with the established procedure.24

Risks associated with changes in court practices on matters related to the issuer’s activities(including licensing matters) which can adversely affect its performance and the outcome ofpending legal proceedings in which the issuer participates:In certain cases, changes in court practices on matters related to the issuer’s activities cancause an increase in costs in connection with retaining skilled lawyers and court judgmentsagainst the Issuer, which can adversely affect the performance of the issuer. The issuer believesthat such risks are unlikely to occur and negligible.In the event of changes in court practices on matters related to the issuer’s activities, theissuer intends to adjust the planning of its financial and business activities for these changes.3.5.5. Risks Associated with the Issuer’s ActivitiesRisks associated with pending legal proceedings in which the issuer participates:The issuer does not act as respondent in any legal proceedings, including the obligations ofsubsidiaries and dependent companies, and therefore does not believe that significant risksassociated with participation in any legal proceedings are likely to occur.Risks associated with the impossibility of extending the issuer’s license to perform acertain type of activity or use constrained assets (including natural resources):The above-mentioned risks do not exist, since the issuer neither performs nor plans toperform any licensable activities specified in the laws of the Russian Federation or use constrainedassets (including natural resources).Risks associated with the possible liability of the issuer for third-party debts, includingthe issuer’s subsidiaries:Currently, the issuer is not liable for any third-party debts since the issuer did notcollateralize their obligations.Risks associated with the possible liability of the issuer for third-party debts are assessed bythe issuer as negligible.The issuer can assume liability for the debts owed by its subsidiaries (IDGCs) if the issuer’sinstructions binding upon subsidiaries cause losses or bankruptcy to such company. However, theissuer uses its best efforts to prevent such situation since this will contradict the principal businessgoal of the issuer, i.e. profit generation. The above-mentioned risks are unlikely to occur.Risks associated with the possible loss of customers accounting for at least 10 percent oftotal revenue from the sale of the issuer’s products (work, services)Since the issuer’s core business is the corporate management of interregional distributiongrid companies, the issuer incurs the risk of customer loss.The issuer, in its turn, can be affected by the loss of customers by the companies itmanages. However, this risk can be assessed as negligible since regional external entities do nothave alternative grid equipment or qualified personnel (to maintain and repair it). At the same timethere is a risk associated with large customers switching to JSC FGC UES, specifically through theconstruction of alternative power grid facilities3.5.6. Bank RisksNot applicable since the issuer is not a lending institution.25

IV. Detailed Information Concerning JSC IDGC Holding4.1. Establishment History and Development of the Issuer4.1.1. Data Concerning the Issuer’s Corporate NameFull corporate nameShort corporate nameJSC Interregional Distribution Grid CompaniesHoldingJSC IDGC HoldingFull corporate name of the issuer is similar to the names of other corporate entities fromamong subsidiaries and/or dependent companies established as part of implementation of the“5+5” Concept of RAO UESR’s Strategy, adopted by the Board of Directors of RAO UES ofRussia on May 29, 2003:− OAO IDGC of the Center;− OAO IDGC of the North Caucasus;− OAO IDGC of Volga;− OAO IDGC of Northwest;− OAO IDGC of the Urals;− OAO IDGC of Siberia;− OAO IDGC of South;− OAO IDGC of the Center and Volga.To prevent the issuer’s names from being confused with the names of the interregionaldistribution grid companies listed above, the issuer would like you to draw special attention tothe geographical component of the full and short names of such companies.The issuer’s corporate name is not registered as a trademark or service mark.The corporate name of JSC IDGC Holding has never changed since its establishment.4.1.2. Information Concerning the State Registration of JSC IDGC HoldingPrimary state registration number (Ministry 1087760000019of Taxation of the Russian Federation)Registration date July 1, 2008Registration authority according to theMoscow Inter-District Inspectorate of theCertificate of Record in the Unified StateFederal Tax Service No. 46Register of Legal Entities4.1.3. Information Concerning the Establishment and Development of JSC IDGC Holding:Days since the date of the issuer’s state registration and date until the issuer will exist ifit is established for a definite term or a certain goal is achieved or the phrase "the issuer wasestablished for an indefinite term."Days since the issuer’s state registration:as of the date of securities prospectus approval: 3 months and 27 days.The issuer was established for an indefinite term.Overview of establishment and development of the issuer. Goals of the issuer’sestablishment, mission of the Issuer (if applicable):The issuer was established as a result of reorganization through a spin-off from RAO UESof Russia pursuant to the (unnumbered) resolution of the extraordinary general meeting of RAOUES of Russia of October 26, 2007.The authorized capital of the issuer in its reorganization was made up of the incrementalcapital and undistributed profit of RAO UES of Russia for previous years transferred under theseparation balance sheet.26

On July 1, 2008, the establishment of JSC IDGC Holding as a result of reorganizationthrough a spin-off was recorded in the Unified State Register of Legal Entities.The goal for which the issuer was established as specified in the “5+5” Concept of RAOUESR’s Strategy, adopted by the Board of Directors of RAO UES of Russia on May 29, 2003,was to spin off a company in the reorganization of RAO UES of Russia which would be assignedthe shares in all interregional distribution grid companies owned by RAO UES of Russia.The primary business goal of the Company as specified in the Articles of Association ofthe issuer is profit generation.The Company performs the following activities:- acting as executive bodies of joint-stock companies and other business entities in accordancewith the procedure set forth in laws and existing agreements;- trust management of property;- provision of advisory services;- execution of operations involving securities in accordance with the procedure set forth in theapplicable laws of the Russian Federation;- agency;- design, estimate, exploration, research and engineering;- foreign economic activity;- forwarding services;- work aimed at setting the terms of parallel operation in line with the modes of the UnitedPower System of Russia based on contractual relationship;- operation of power facilities not recorded on the Company’s balance sheet under agreementswith the owners of these power facilities;- activities related to environmental protection;- activities related to environmental impact assessment, environmental protection and naturalresource use, utilization, warehousing, industrial waste movement;- supervision of the safe maintenance of electrical and thermal installations of the customersconnected to the Company’s heat and electricity networks;- educational activities, including additional educational activities;- training and testing of knowledge in the rules, standards and instructions on operation,occupational, industrial and fire safety;- organization and conducting of defense events related to mobilization training, civil defense,emergencies and the protection of information which constitutes state secret in accordance withthe laws of the Russian Federation;- security activities for the exclusive benefit of internal security within the Security Function tobe established by the Company, whose activities are governed by the law of the RussianFederation "On Private Detective and Security Activity in the Russian Federation" and the lawsof the Russian Federation;- organization of energy-saving operation of power plant equipment, compliance with the powersupply modes specified in the agreements;- operation of power equipment in accordance with the applicable regulatory requirements, itsstate-of-the-art and high-quality repair, re-equipment and rehabilitation of power facilities;- power supply to the customers connected to the Company’s heat and electricity networks inaccordance with the existing agreements;- mastering of new devices and technologies ensuring the efficient, safe and clean operation ofthe Company’s facilities;- heat network operation activities;- development of communications and provision of communication services;- storage of oil and petroleum products;- operation explosion hazardous production facilities;- operation fire hazardous production facilities;27

- operation and maintenance of facilities controlled by the Federal Committee for Mining andIndustrial Supervision;- operation of buildings and structures;- metrology support for production;- hazardous waste management;- activities related to internal gas network operation;- activities related to metering device repair;- other activities.Mission of the Issuer:Ensuring the highest possible reliability and availability of distribution grid infrastructure forcustomers in all constituent entities of the Russian Federation through the provision of servicesmeeting global quality standards.Other information about the issuer’s activities which is important for adopting a decisionon purchasing the issuer’s securities:N/A.4.1.4. Contact Details:Location of JSC IDGC HoldingTelephone and faxE-mailInformation about the Issuer isavailable on the Internet on thefollowing page117630, Moscow, ul. Akademika Chelomeya, d. 5 ATelephone: (495) 710-57-59, 710-43-57Fax: (495) 710-43-57, 710-57-59lafutkin-av@rao.elektra.ruseliverstova-ta@rao.elektra.ruhttp://www.e-disclosure.ru/portal/company.aspx?id=13806Interaction with the shareholders and investors of JSC IDGC Holding is the role of theDepartment for Corporate Governance and Shareholder Relations of the Company (119526,Moscow, prospekt Vernadskogo, d. 101, korp. 3, tel.: 710-67-24).4.1.5. Taxpayer Identification Number:77286626694.1.6.Branches and Representative Offices of JSC IDGC Holding:The issuer does not have any branches or representative offices.4.2.Core Business Activities of the Issuer.4.2.1. Industry in Which the Issuer OperatesOKVED (All-Russia Classifier of Economic Activities) codes74.15.2, 29.24.9,40.10.1, 40.10.11, 40.10.2, 40.10.3, 40.10.5, 40.30.11, 40.30.2,40.30.3, 40.30.5, 45.21.53, 51.56.4, 63.40, 64.20, 65.23, 73.10, 74.14, 80.30.34.2.2. Core Business Activities of JSC IDGC HoldingSince the issuer manages the blocks of shares in interregional distribution grid companiesowned by the issuer, the issuer does not perform any business activities (produce products,perform work, provide services) accounting for at least 10 percent of the issuer’s revenue(income).28

10 percent or greater change in the amount of the issuer’s revenue (income) from its corebusiness activities compared with the previous reporting period and the reasons for such changeas well as the general breakdown of the issuer’s production cost are not specified herein since theissuer was established on July 1, 2008 and as of the date of approval of the securities prospectus,the accounting statements for quarter 3 of 2008 are not yet due.Country (countries) in which the issuer performs its core business activities: RussianFederation.The issuer’s activities are not seasonal.The issuer neither sells products (work, services) in its core market nor develops newtypes.4.2.3. Materials, Goods (Raw Materials) and Suppliers of JSC IDGC HoldingThis paragraph is not completed since the issuer was established on July 1, 2008. As ofthe date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008are not yet due.4.2.4. Target Markets for the Issuer’s Products (Work, Services)The issuer operates in the Russian Federation.The core business activity which is currently being performed by the issuer is thecorporate management of interregional distribution grid companies.Currently, there are no significant factors which could adversely affect the activitiesperformed by the issuer other than the risks described in paragraph 3.5 of this securitiesprospectus.4.2.5. Information Concerning the Licenses Held by JSC IDGC HoldingThe issuer does not hold licenses to perform any activities since it does not perform anylicensable activities specified in the laws of the Russian Federation.4.2.6. Joint Operations of JSC IDGC HoldingThe issuer does not perform any joint operations with other entities.4.2.7. Additional Requirements for Issuers From Among Incorporated Investment Funds,Insurers or Lending Institutions, Mortgage AgentsNot applicable. JSC IDGC Holding is neither an incorporated investment fund, insurer,lending institution nor a mortgage agent.4.2.8. Additional Requirements for Issuers Whose Core Business Is the Extraction of MineralResourcesNot applicable. JSC IDGC Holding is not an issuer whose core business is the extraction ofmineral resources.4.2.9. Additional Requirements for Issuers Whose Core Business Is the Provision ofCommunication ServicesNot applicable. JSC IDGC Holding is not an issuer whose core business is the provision ofcommunication services.4.3. Plans for Future Activities of JSC IDGC Holding29

The issuer owns controlling stakes in IDGCs (subsidiaries and dependent companies ofthe issuer) and is therefore in charge of corporate management of IDGCs. The issuer’s principalsource of income is dividend on the shares in IDGCs.The issuer’s primary objective is to define and implement development strategy fordistribution grid facilities in the Russian Federation for the purpose of attracting large-scaleinvestments.Consequently, the issuer’s plans for future activities include:1. introduction of reliability and customer service quality standards;2. reduction of network wear to the level of developed countries (50%);3. bringing the operational performance indicators of IDGCs to the level of gridcompanies of developed countries;4. ensuring that IDGCs have stable return as the companies of the RussianFederation with comparable market risks;5. ensuring that IDGCs occupy 80% of the electric grid service market in theirservice areas;6. increasing the capitalization of IDGCs to the level of peer grid entities ofdeveloped economies.In the event of switch to a new tariff regulation model (RAB), by 2011 it is planned tocommission under the investment programs of the issuer and its SDCs 19,615 MVA of capacityand 21,364 km of lines, which is 8,462 MVA and 6,705 km higher than specified in theinvestment program of RAO UES of Russia.The issuer does not have any plans for the launch of new production, expansion orcutback in production, development of new product types, upgrading and rehabilitation of fixedassets.The issuer does not plan to change its core business.4.4. Participation of the Issuer in Industrial, Banking and Financial Groups, HoldingCompanies, Concerns and AssociationsThe issuer does not participate in any industrial, banking or financial groups, holdingcompanies, concerns or associations.4.5. Subsidiaries and Dependent Business Entities of the Issuer.1.Full corporate nameTyumenenergo Open Joint-Stock Company forEnergy and ElectrificationShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerOAO Tyumenenergo628412, Surgut, Tyumen Region, Khanty-Mansijsk Autonomous District -Yugra, ul.Universitetskaya, d. 4.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.100 %100 %30

Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0.01158%0%Transmission and distribution of electricity.Support for the operation of power distributiongrid facilities in the Tyumen Region.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Pavel Ivanovich Oklei, Chairman of the Board of DirectorsYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Vladimir Leonidоvich LusininYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexei Valerievich KurochkinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Evgeny Evgenievich KryuchkovYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Denis Lvovich GurianovYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Pavel Anatolievich AlexeyevYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alexander Sergeyevich SolodyankinYear of birth: 1953Stake held by the above-mentioned individual in the authorized capital of the issuer:31

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Arman Muzhegovich AirapetyanYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Alexei Dmitrievich GlushchenkoYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Denis Vladimirovich FedorovYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameEvgeny Evgenievich KryuchkovYear of birth 1969Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual2.Full corporate nameYantarenergo Open Joint-Stock Company forEnergy and ElectrificationShort corporate nameOAO YantarenergoLocation 236000, Kaliningrad, ul. Teatralnaya, 34.Grounds for recognizing the company as The company is recognized as subsidiary sincesubsidiary or dependent company of the the Issuer is in a position to define theIssuerdecisions adopted by such company due to a32

predominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding100%100%0%0%Transmission and distribution of electricity.Support for the operation of power distributiongrid facilities in the Kaliningrad Region.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Alexander Ivanovich Kazakov, Chairman of the Board of DirectorsYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexander Semyonovich RolbinovYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Mikhail Aronovich TsikelYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Sergei Alexandrovich BoliguzovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Denis Lvovich GurianovYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none33

6. Viktor Ivanovich FedotovYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Arman Muzhegovich AirapetyanYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Mikhail Aronovich Tsikel, Chairman of the Management BoardYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexander Vassilievich AgapovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Viktor Nikolaevich VassilievYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Viktor Yurievich SeleznevYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Natalia Leonidovna IvanovaYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Larisa Mikhailovna KuznetsovaYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:0.001%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.001%7. Vassily Ivanovich Shashenkov34

Year of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameMikhail Aronovich TsikelYear of birth 1949Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual3Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingKarachayevo-Cherkesskenergo Open Joint-Stock CompanyOAO Karachayevo-Cherkesskenergo369000, Karachay-Cherkess Republic,Cherkessk, ul. Osmana Kasayeva, dom 3The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.100 %100 %0.00027%0.00027%Supply (sale) of electricity and heat using theestablished tariffs in accordance with electricaland thermal load profiles.Support for the operation of power distributiongrid facilities in the Karachay-CherkessRepublic.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Armen Vladimirovich Danielyan, Chairman of the Board of Directors35

Year of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Khanafi Azret-Alievich ChotchaevYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Mukhamed Mukhtarovich TlyabichevYear of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Yury Borisovich NekipelovYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameShort corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual4.Full corporate nameShort corporate nameInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.OAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%Kalmenergosbyt Open Joint-Stock CompanyOAO Kalmenergosbyt36

LocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding358000, Republic of Kalmykia, Elista, ul.Lenina, 271.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.100 %100 %0%0%Supply (sale) of electricity and heat using theestablished tariffs in accordance with electricaland thermal load profiles.Support for the operation of power distributiongrid facilities in the Republic of Kalmykia.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Zaur Dalkhatovich Gekkiev, Chairman of the Board of DirectorsYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Pyotr Alexandrovich PanovYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Igor Viktorovich DerevenchenkoYear of birth: 1971Stake held by the above-mentioned individual in the authorized capital of the issuer:none37

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Dmitry Anatolievich TuzovYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00100%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00100%Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameShort corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual5.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.OAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%Tyvaenergosbyt Open Joint-Stock CompanyOAO Tyvaenergosbyt.667004, Russian Federation, Republic ofTyva, Kyzyl, ul. Kolkhoznaya, 2.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent company100%100%0%0%38

Description of the company’s core businessPurchase of electricity in the wholesale andretail electricity (capacity) markets, sale ofelectricity in the wholesale and retail electricity(capacity) markets to customers (includinghouseholds)Description of the role of such company forthe functioning of JSC IDGC HoldingMembers of the Board of Directors of the company.Support for the operation of power distributiongrid facilities in the Republic of Tyva.Receipt of dividend income1. Vitaly Valerievich Ivanov, Chairman of the Board of DirectorsYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Igor Yurievich TrukhachevYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Konstantin Yurievich PetukhovYear of birth: 1971Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Viktor Vladimirovich PereslavskyYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Oleg Mikhailovich ShpilevskyYear of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Sergei Olegovich ErdenkoYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Natalia Nikolaevna TabuntsovaYear of birth: 1976Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none39

Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAnatoly Ivanovich VerzakovYear of birth 1947Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual6.Full corporate nameResearch Institute for Energy Economics OpenJoint-Stock CompanyShort corporate nameOAO NIIEELocation 105062, Moscow, ul. Chaplygina, d. 6.Grounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.100%100%0%0%Research in economics and finance,organization of management and economicstandard setting in the electric power industry.Services related to the development of businessengineering projects, guidelines, regulatoryand legal documents of grid, power sales andservice companies representing the powerindustry.Members of the Board of Directors of the company.1. Igor Stepanovich Kozhukhovsky, Chairman of the Board of DirectorsYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:40

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Igor Vladimirovich OtchikYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexander Mikhailovich LevtsevYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Yury Nikolaevich PankstianovYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Valery Iosifovich EdelmanYear of birth: 1939Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Chief Executive Officer.Full nameValery Iosifovich EdelmanYear of birth 1939Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual7.Full corporate nameVNIPIenergoprom Association Open Joint-Stock CompanyShort corporate nameOAO VNIPIenergopromLocation 105094, Moscow, Semyonovskaya nab., 2/1Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorized 100%41

capital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding100%0%0%Development of integrated programs fordeveloping power supply systemsServices related to the elaboration of programsfor developing urban and regional powersupply systemsMembers of the Board of Directors of the company.1. Azat Akhsanovich Salikhov, Chairman of the Board of DirectorsYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexei Borisovich ZhiltsovYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Viktor Germanovich SemyonovYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexander Alexandrovich ZakharovYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Polina Davidovna LevinaYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.42

Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameViktor Germanovich SemyonovYear of birth 1956Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual8.Full corporate nameSpecial Design Bureau of Heat PowerEngineering Equipment VTI Open Joint-StockCompanyOAO SKB VTIShort corporate nameLocation 115280, Russian Federation, Moscow, 3Avtozavodsky pr., dom 4, kor. 1Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding100%100%0%0%Engineering and design of boiler and ancillaryequipment for power plants, boiler plants andother facilitiesDevelopment of boiler and ancillary equipmentfor subsidiaries (IDGC and RGC)Members of the Board of Directors of the company.1. Azat Akhsanovich Salikhov, Chairman of the Board of DirectorsYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexei Valerievich ZaitsevYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:43

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Igor Vladimirovich OtchikYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Andrei Valerievich KhozhempoYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Mikhail Pavilasovich YushkaYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameMikhail Pavilasovich YushkaYear of birth 1960Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual9.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerSibenergosetproekt Siberian Design andResearch Institute of Energy Systems andPower Grids Open Joint-Stock CompanyOAO Sibenergosetproekt630132, Novosibirsk Region, Novosibirsk, ul.Dimitrova, d.7The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependent100%company.Percentage of ordinary shares in the 100%44

subsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0%0%Research, development and designServices related to research, development anddesign in the power sectorMembers of the Board of Directors of the company.The Board of Directors is not provided for by the articles of association of the company.Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameViktor Anatolievich SpirinYear of birth 1951Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual10.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyAviaenergo Airline Open Joint-StockCompanyOAO Aviaenergo Airline125047, Moscow, 1 Tverskaya-Yamskaya,dom 16/23, str. 1.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.100%100%0%0%45

Description of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingDomestic and international air transportationReceipt of dividend incomeMembers of the Board of Directors of the company.1. Boris Sergeyevich Zhikharev, Chairman of the Board of DirectorsYear of birth: 1953Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Boris Sergeyevich KosarevYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexander Rafailovich BlagonravovYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Yury Borisovich NekipelovYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Pavel Stepanovich SmirnovYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Polina Vyacheslavovna SmirnovaYear of birth: 1982Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Yury Nikolaevich SukhoveyevYear of birth: 1976Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.46

Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAlexander Rafailovich BlagonravovYear of birth 1950Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual11.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingCenter for United Power System Receivablesand Payables Settlements Open Joint-StockCompanyOAO Center of UPS Settlements Optimization119435, Moscow, B.Savvinsky per., d. 10aThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.100%100%0%0%Services related to the settlement of accountsreceivable and accounts payable betweenenterprises representing the power sectorServices related to the implementation offsetmechanisms between IDGCs and RGCsMembers of the Board of Directors of the company.1. Yulia Nikolaevna Negasheva, Chairman of the Board of DirectorsYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Konstantin Eduardovich VarandYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:none47

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Leonid Evgenievich SpitsynYear of birth: 1963Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Lyudmila Vassilievna ShaginaYear of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Dmitry Alexandrovich LyubininYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameDmitry Alexandrovich LyubininYear of birth 1970Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual12.Full corporate nameShort corporate nameNedvizhimost of VNIPIenergoprom OpenJoint-Stock CompanyOAO Nedvizhimost of VNIPIenergoprom.Location Russian Federation, 105094, Moscow,Semyonovskaya naberezhnaya, dom 2/1.Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company owned100%100%48

y the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessReal property lease.0%0%Description of the role of such company forthe functioning of JSC IDGC HoldingReceipt of dividend incomeMembers of the Board of Directors of the company.1. Sergey Borisovich Kosarev, Chairman of the Board of DirectorsYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Marina Mikhailovna LukianovaYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Olga Vissanionovna SellyakhovaYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Ilya Vladimirovich BegrovYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.49

Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividualOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%13.Full corporate nameShort corporate nameNedvizhimost of the United Power SystemEngineering Center Open Joint-StockCompanyOAO Nedvizhimost of UPS EngineeringCenter.Location 119526, Moscow, prospekt Vernadskogo, d.101, korp. 3.Grounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.100%100%0%0%Management and operation of real propertyperforming various functions.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Nikolai Alexeyevich Grishaev, Chairman of the Board of DirectorsYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Tatiana Vladimirovna KochetkovaYear of birth: 197850

Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Olga Viktorovna LeonovaYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Dmitry Vitalievich LarionovYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual14.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%Nedvizhimost of the Northwest EnergyEngineering Center Open Joint-StockCompanyOAO Nedvizhimost of the Northwest EnergyEngineering Center.Russian Federation, 191036, Saint Petersburg,Nevsky prospekt, 111/3.The company is recognized as subsidiary sincethe Issuer is in a position to define the51

Issuerdecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessReal property lease.100%100%0%0%Description of the role of such company forthe functioning of JSC IDGC HoldingReceipt of dividend incomeMembers of the Board of Directors of the company1. Elena Alexandrovna Leonova, Chairman of the Board of DirectorsYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Oleg Viktorovich TurchinYear of birth: 1982Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Yury Borisovich NekipelovYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Svyatoslav Anatolievich LychaginYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00147%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00147%5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none52

Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual15.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%Nedvizhimost of the Volga Region EnergyEngineering Center Open Joint-StockCompanyOAO Nedvizhimost of the Volga RegionEnergy Engineering Center.Russian Federation, 603950, Nizhni Novgorod,pr. Lenina, d. 20.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessReal property lease.100%100%0%0%Description of the role of such company forthe functioning of JSC IDGC HoldingReceipt of dividend incomeMembers of the Board of Directors of the company1. Sergey Borisovich Kosarev, Chairman of the Board of Directors53

Year of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Marina Mikhailovna LukianovaYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Anna Nikolaevna KocherginaYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexei Borisovich ZhiltsovYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual16.Full corporate nameShort corporate nameLocationOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%Nedvizhimost of the South Energy EngineeringCenter Open Joint-Stock CompanyOAO Nedvizhimost of the South EEC.Russian Federation, 350058, Krasnodar, ul.54

Starokubanskaya, 116.Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessReal property lease.100%100%0%0%Description of the role of such company forthe functioning of JSC IDGC HoldingReceipt of dividend incomeMembers of the Board of Directors of the company1. Natalia Ivanovna Pozdeyeva, Chairman of the Board of DirectorsYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Marina Mikhailovna LukianovaYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Vadim Viktorovich TulyakovYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Olga Viktorovna LeonovaYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:55

nonenonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual17.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%Nedvizhimost of the Urals Energy EngineeringCenter Open Joint-Stock CompanyOAO Nedvizhimost of the Urals EnergyEngineering Center.Russian Federation, 620075, Yekaterinburg, ul.Pervomaiskaya, d. 56The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessReal property lease.100%100%0%0%Description of the role of such company forthe functioning of JSC IDGC HoldingReceipt of dividend income56

Members of the Board of Directors of the company1. Nikolai Alexeyevich Grishaev, Chairman of the Board of DirectorsYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Olga Valerievna KhechinashviliYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Vadim Viktorovich TulyakovYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Oleg Viktorovich TurchinYear of birth: 1982Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual18.Full corporate nameOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%Nedvizhimost of the Siberian Energy Researchand Development Center Open Joint-Stock57

Short corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerCompanyOAO Nedvizhimost of the Siberian EnergyResearch and Development Center.Russian Federation, 630132, Novosibirsk,prospekt Dimitrova, dom 7.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessReal property lease.100%100%0%0%Description of the role of such company forthe functioning of JSC IDGC HoldingReceipt of dividend incomeMembers of the Board of Directors of the company1. Dmitry Vitalievich Larionov, Chairman of the Board of DirectorsYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Marina Mikhailovna LukianovaYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Anna Mikhailovna KorolevaYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Oleg Viktorovich TurchinYear of birth: 1982Stake held by the above-mentioned individual in the authorized capital of the issuer:58

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Veniamin Anatolievich ZhdanovichYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameTsNII NPKenergo Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividualOAO TsNII NPKenergo191186, Russian Federation, Saint Petersburg,Naberezhnaya r. Moiki, d. 470%0%19.Full corporate nameInterregional Distribution Grid Company ofVolga Open Joint-Stock CompanyShort corporate nameOAO IDGC of VolgaLocation 410031, Saratov, ul. Pervomaiskaya, d. 42/44Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core business67.626%67.626%0.0002%0.0002%Provision of electric power transmissionservices.59

Description of the role of such company forthe functioning of JSC IDGC HoldingSupport for the operation of power distributiongrid facilities in the Chuvash Republic,Republic of Mordovia; Samara, Ulyanovsk,Penza, Saratov and Orenburg Regions.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Alexander Nikolaevich Chistyakov, Chairman of the Board of DirectorsYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Iskander Dzhangirovich AmetovYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Vyacheslav Mikhailovich DolgikhYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Igor Alikovich ZenyukovYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Alexei Valerievich KurochkinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Seppo Juha RemesYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Dmitry Vladislavovich RyabovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:60

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Sergei Viktorovich StreltsovYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Denis Vladimirovich FedorovYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Natalia Ilyinichna ErpsherYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Sergei Vladimirovich Pakhomov, Chairman of the Management BoardYear of birth: 1953Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Natalia Vassilievna VaitulenisYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Viktor Fyodorovich KazhaevYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Nikolai Ivanovich LaryushkinYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Yulia Viktorovna PopkovaYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none61

6. Vladimir Anatolievich RyabikinYear of birth: 1965Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Vladimir Viktorovich RyabininYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:0,001%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0,001%8. Sergei Ivanovich RyabovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Alexei Vladimirovich TchannikovYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameSergei Vladimirovich PakhomovYear of birth 1953Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual20.Full corporate nameShort corporate nameLocationInterregional Distribution Grid Company ofNorthwest Open Joint-Stock CompanyOAO IDGC of Northwest188300, Russia, Leningrad Region, Gatchina,ul. Sobornaya, dom 31 (legal address)Russia, 191119, Saint Petersburg, ul. Tyushina,dom 11, letter Ж (postal address)Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorized 55.38%62

capital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core business55.38%0%0%Provision of electric power transmissionservices.Description of the role of such company forthe functioning of JSC IDGC HoldingSupport for the operation of power distributiongrid facilities in the Northwestern FederalDistrict.Receipt of dividend incomeMembers of the Board of Directors of the company1. Alexander Nikolaevich Chistyakov, Chairman of the Board of DirectorsYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Veniamin Shmuilovich PinkhasikYear of birth: 1946Stake held by the above-mentioned individual in the authorized capital of the issuer:0,0002%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0,0002%3. Andrei Vladimirovich GabovYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Vassily Ivanovich SinyanskyYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none63

6. Svetlana Semyonovna ZholnerchikYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Seppo Juha RemesYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Silviyan Ivanovich SeuYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Valery Valentinovich AgeyevYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Alexei Valerievich KurochkinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Dmitry Borisovich MedvedevYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneСостав Правления of the Company1. Alexander Markovich Kukhmai, Chairman of the Management BoardYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Anatoly Petrovich IgnatievYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexander Vladimirovich MikhalkovYear of birth: 1962Stake held by the above-mentioned individual in the authorized capital of the issuer:64

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Olga Vadimovna MakarovnaYear of birth: 1971Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Anatoly Valerievich KushnerovYear of birth: 1971Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Vladimir Alexeyevich BloshchitsynYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Georgy Vassilievich TurlovYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAlexander Markovich KukhmaiYear of birth 1951Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0.001%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0.001%individual21.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerInterregional Distribution Grid Company of theUrals Open Joint-Stock CompanyOAO IDGC of the Urals620026 Yekaterinburg, ul. Mamina-Sibiryaka,d. 140The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorized 51.517%65

capital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core business51.517%0%0%Provision of electric power transmissionservices.Description of the role of such company forthe functioning of JSC IDGC HoldingSupport for the operation of power distributiongrid facilities in the Perm Territory; Kurgan,Sverdlovsk and Chelyabinsk Regions.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Alexei Olegovich Bobrov, Chairman of the Board of DirectorsYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexander Nikolaevich ChistyakovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Yury Vitalievich LoginovYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Leonid Evgenievich SpitsynYear of birth: 1963Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Pyotr Mikhailovich YerokhinYear of birth: 1946Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Alexei Dmitrievich Glushchenko66

Year of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Konstantin Vladimirovich ShevchenkoYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Pavel Ivanovich OkleiYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Pavel Sergeyevich LazovskyYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Tatiana Vladimirovna GavrilovaYear of birth: 1982Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Alexei Olegovich BobrovYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexei Ivanovich SedykhYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Irina Nikolaevna YuldashevaYear of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:none67

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Sergei Alexandrovich SemerikovYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Vladimir Valentinovich KalsinYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Sergei Mikhailovich ZolotarevYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAlexei Olegovich BobrovYear of birth 1968Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual22.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerInterregional Distribution Grid Company ofSiberia Open Joint-Stock CompanyOAO IDGC of Siberia660021, Krasnoyarsk, ul. Bograda, 144 aThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/or52.883%52.883%0.00122%0.00122%68

dependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingProvision of electric power transmissionservices.Support for the operation of power distributiongrid facilities in the Republics of Altai,Buryatia, Khakassia, Tuva; Altai, Zabaikalyeand Krasnoyarsk Territories; Kemerovo, Omskand Tomsk Regions.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Alexander Vladimirovich Antropenko, Chairman of the Board of DirectorsYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00005%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00005%2. Pavel Ivanovich OkleiYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Denis Lvovich GurianovYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Samuil Moiseyevich ZilbermanYear of birth: 1946Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00084%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00084%5. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Alexei Valerievich KurochkinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Vladimir Ivanovich LapinYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:none69

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Svyatoslav Anatolievich LychaginYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00147%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00147%9. Sergei Nikolaevich MironosetskyYear of birth: 1965Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Elena Igorevna FateyevaYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Alexander Alexandrovich ShumilovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Alexander Vladimirovich Antropenko, Chairman of the Management Board of theCompanyYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00005%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00005%2. Alena Valentinovna GrigorievaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Vitaly Valerievich IvanovYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Marat Felixovich TsargasovYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none70

5. Nikolai Sergeyevich KhazovYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Oleg Mikhailovich ShpilevskyYear of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alexei Leonidovich MoskalenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAlexander Vladimirovich AntropenkoYear of birth 1948Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0.00005%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0.00005%individual23.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerInterregional Distribution Grid Company ofSouth Open Joint-Stock CompanyOAO IDGC of South344002, Russian Federation, Rostov-on-Don,ul. Bolshaya Sadovaya, d. 49.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependent51.657%company.Percentage of ordinary shares in thesubsidiary and/or dependent company owned51.657%by the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of the0%Issuer.Percentage of ordinary shares in JSC IDGC 0%71

Holding owned by the subsidiary and/ordependent companyDescription of the company’s core businessProvision of electric power transmissionservices.Description of the role of such company forthe functioning of JSC IDGC HoldingSupport for the operation of power distributiongrid facilities in the Republic of Kalmykia;Krasnodar Territory; Volgograd, Rostov andAstrakhan Regions.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Andrei Natanovich Rappoport, Chairman of the Board of DirectorsYear of birth: 1963Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Sergei Vyacheslavovich VassilievYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Igor Yurievich RyapinYear of birth: 1976Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexander Ilyich GavrilovYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Andrei Yurievich Buyanov-UzdalskyYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Vladimir Vassilievich IlienkoYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Fyodor Alexandrovich DiakovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:72

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Pavel Ivanovich OkleiYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Alexander Evgenievich NikulovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Alexei Mikhailovich AbakumovYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Alexander Ilyich Gavrilov, Chairman of the Management BoardYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Mikhail Ivanovich BelonogovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Vitaly Vassilievich BrizhanYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Igor Anatolievich LunevYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none73

5. Vyacheslav Yurievich KostetskyYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Vladimir Nikolaevich KopanevYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Grigory Grigorievich SavinYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Georgy Akhmedovich SultanovYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Dmitry Vladimirovich PestovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Sergei Vladimirovich SkorikovYear of birth: 1976Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Mikhail Nikolaevich StolyarovYear of birth: 1953Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none12. Valery Andreyevich ChuryumovYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none13. Evgeny Alexeyevich BibinYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:74

noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAlexander Ilyich GavrilovYear of birth 1973Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual24.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock CompanyOAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 18The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.58.253%58.253%0%0%Provision of electric power transmissionservices.Support for the operation of power distributiongrid facilities in the Republics of Dagestan andNorth Ossetia-Alania, the Ingushi Republic;Stavropol Territory; Kabardino-Balkarian andKarachay-Cherkess Republics.Receipt of dividend income.Members of the Board of Directors of the company.1. Andrei Alexandrovich Dyomin, Chairman of the Board of DirectorsYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:75

none2. Arman Muzhegovich AirapetyanYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Nikolai Alexeyevich GrishaevYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Madina Mukharbievna SuyunovaYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Sergei Vassilievich ShishkinYear of birth: 1965Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Fyodor Alexandrovich DiakovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Yury Nikolaevich PankstianovYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Alexander Evgenievich NikulovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:none76

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Alexander Viktorovich ShevchukYear of birth: 1983Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameMagomed Kadyevich KaitovYear of birth 1960Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual25.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingLenenergo Open Joint-Stock Company forEnergy and ElectrificationOAO Lenenergo196247, Saint Petersburg, PloshchadKonstitutsii, d. 1.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.59.341%67.34%0%0%Provision of electric power transmissionservices and other services directly related tothe process of electricity supply to customers.Support for the operation of power distributiongrid facilities in the Leningrad Region.Receipt of dividend income77

Members of the Board of Directors of the company.1. Alexander Vitalievich Bobrov, Chairman of the Board of DirectorsYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Boris Felixovich VainzikherYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexei Dmitrievich GlushchenkoYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Grigory Viktorovich DvasYear of birth: 1965Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Alexei Valerievich KurochkinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Dmitry Borisovich MedvedevYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Pavel Ivanovich OkleiYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Mikhail Eduardovich OseyevskyYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Yury Nikolaevich PankstianovYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:78

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Alexander Ivanovich PolukeyevYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Vassily Ivanovich SinyanskyYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none12. Alexander Nikolaevich ChistyakovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Konstantin Vladimirovich ShevchenkoYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameDmitry Vladislavovich RyabovYear of birth 1967Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual26.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theTomsk Distribution Company Open Joint-Stock CompanyOAO TDCRussian Federation, 634041, Tomsk, pr.Kirova, 36The company is recognized as subsidiary sincethe Issuer is in a position to define the79

IssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holdingdecisions adopted by such company due to apredominant stake in its authorized capital.52.025%59.881%0%0%Purchase of electricity in the wholesale andretail electricity markets, provision of servicesrelated to electric power transmission anddistributionSupport for the operation of power distributiongrid facilities in the Tomsk Region.Receipt of dividend incomeПерсональный состав of the Board of Directors of the Company.1. Nikolai Alexandrovich Vyatkin, Chairman of the Board of DirectorsYear of birth: 1938Stake held by the above-mentioned individual in the authorized capital of the issuer:0,001%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0,001%2. Vitaly Valerievich IvanovYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Viktor Viktorovich SadovoyYear of birth: 1946Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Dmitry Vassilievich GurinYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:0,001%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0,001%5. Oleg Valentinovich PetrovYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:none80

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Konstantin Yurievich PetukhovYear of birth: 1971Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alena Valentinovna GrigorievaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Oleg Valentinovich Petrov, Chairman of the Management BoardYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Varvara Georgievna AstrakhantsevaYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Marina Dmitrievna VaginaYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Vassily Vassilievich SklokinYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Andrei Valerievich GribanovYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Natalia Alexeyevna ShikovaYear of birth: 1976Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alexander Vladimirovich Antropenko81

Year of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00005%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00005%Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entity.Full corporate nameInterregional Distribution Grid Company ofSiberia Open Joint-Stock CompanyShort corporate nameOAO IDGC of SiberiaLocation660021, Krasnoyarsk, ul. Bograda, 144 aStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual27.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingKabardino-Balkarian Open Joint-StockCompany for Energy and ElectrificationOAO Kabbalkenergo360000, Kabardino-Balkaria, Nalchik, ul.Shchorsa, d. 6.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.65.268%65.268%0%0%Supply (sale) of electricity and heat using theestablished tariffs in accordance with electricaland thermal load profiles.Support for the operation of power distributiongrid facilities in the Kabardino-BalkarianRepublic.Receipt of dividend incomeMembers of the Board of Directors of the company.82

1. Bela Mukharbievna Suyunova, Chairman of the Board of DirectorsYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Andrei Nikolaevich KharinYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Arsen Makhmudovich TsikanovYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Armen Vladimirovich DanielyanYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Lyana Akhmedovna EristovaYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Khvicha Pataevich KharchilavaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.Short corporate nameOAO IDGC of the North Caucasus83

LocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%28.Full corporate nameDagestan Power Sales Company Open Joint-Stock CompanyShort corporate nameOAO Dagestan Power Sales Company.Location Republic of Dagestan, Makhachkala, ul.Dakhadaeva, d. 73.Grounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.51%51%0%0%Purchase of electricity in the wholesale andretail electricity (capacity) markets, sale ofelectricity in the wholesale and retail electricity(capacity) markets to customers (includinghouseholds).Receipt of dividend incomeMembers of the Board of Directors of the company.1. Armen Vladimirovich Danielyan, Chairman of the Board of DirectorsYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alim Dzhagopparovich TekeyevYear of birth: 196184

Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Amirov murtazalievich amirovYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Sergei Olegovich ErdenkoYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Bela Mukharbievna SuyunovaYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Vladislav Vitalievich ZuyevskyYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Maxim Alexandrovich YeremeyevYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Roman Alexeyevich FilkinYear of birth: 1983Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entity85

Full corporate nameShort corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividualInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.OAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%29.Full corporate nameInterregional Distribution Grid Company of theCenter Open Joint-Stock CompanyShort corporate nameOAO IDGC of the CenterLocation 129090, Moscow, Glukharev pereulok, d. 4/2Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding50.231%50.231%0%0%Provision of electric power transmissionservices.Support for the operation of power distributiongrid facilities in the Belgorod, Bryansk,Voronezh, Kostroma, Kursk, Lipetsk, Orel,Tambov, Smolensk, Tver and YaroslavlRegions.Receipt of dividend income.Members of the Board of Directors of the company.1. Andrei Alexandrovich Dyomin, Chairman of the Board of DirectorsYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none86

2. Pavel Ivanovich OkleiYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexander Markovich BranisYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Dmitry Alexandrovich BurnashevYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Alexei Romanovich KachaiYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Alexei Vitalievich KlaptsovYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Evgeny Fyodorovich MakarovYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Misrikhan Shapievich MisrikhanovYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Alexander Grigorievich StarchenkoYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:87

none11. Sergei Borisovich SyutkinYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Evgeny Fyodorovich Makarov, Chairman of the Management BoardYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Anatoly Kuzmich MerzlyakovYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Dmitry Nikolaevich AleshinYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Evgeny Alexeyevich BronnikovYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Konstantin Viktorovich KotikovYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Vladislav Lvovich NazinYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Pavel Andreyevich ObukhovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Vadim Nikolaevich Fyodorov88

Year of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Sergei Anatolievich ShumakherYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:0.00000071433%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0.00000071433%Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameEvgeny Fyodorovich MakarovYear of birth 1955Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual30.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingInterregional Distribution Grid Company of theCenter and Volga Region Open Joint-StockCompanyOAO IDGC of the Center and Volga603950, Russian Federation, Nizhni Novgorod,ul. Rozhdestvenskaya, d. 33.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.50.4%50.4%0.00482%0.00482%Provision of electric power transmissionservicesSupport for the operation of power distributiongrid facilities in the Vladimir, Ivanovo,Kaluga, Kirov, Nizhni Novgorod, Ryazan,Tula Regions; the Republic of Marij El and the89

Members of the Board of Directors of the company.Udmurtian Republic.Receipt of dividend income.1. Pavel Ivanovich Oklei, Chairman of the Board of DirectorsYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Iskander Dzhangirovich AmetovYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexander Markovich BranisYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Maxim Nikolaevich BunyakinYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Alexei Valerievich KurochkinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Andrei Vladimirovich GabovYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Vladimir Vyacheslavovich InozemtsevYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none90

9. Misrikhan Shapievich MisrikhanovYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Wolfgang SkribotYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Evgeny Viktorovich UshakovYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Evgeny Viktorovich Ushakov, Chairman of the Management Board of the CompanyYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Evgeny Vladimirovich NikitushkinYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Sergei Timofeyevich AndrusYear of birth: 1962Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Olga Vladimirovna TikhomirovaYear of birth: 1964Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Alexander Rudolfovich SlovtsovYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Lada Alexandrovna Podolskaya91

Year of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Irina Viktorovna YashaninaYear of birth: 1962Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Vladimir Viktorovich ShitsYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Alexander Vassilievich PrepodobnyYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameEvgeny Viktorovich UshakovYear of birth 1964Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual31.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerMoscow United Electric Grid Company OpenJoint-Stock Company- OAO Moscow United Electric GridCompany;- OAO MOESK142100, Russian Federation, Moscow Region,Podolsk, ul. Ordzhonikidze, d. 27.The company is recognized as subsidiary sincethe Issuer is in a position to define thedecisions adopted by such company due to apredominant stake in its authorized capital.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company owned50.905%50.905%92

y the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0%0%Provision of services related to electric powertransmission and distribution.Support for the operation of power distributiongrid facilities in the Moscow Region.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Andrei Natanovich Rappoport, Chairman of the Board of DirectorsYear of birth: 1963Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Alexander Ivanovich KazakovYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Misrikhan Shapievich MisrikhanovYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Denis Lvovich GurianovYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Igor Alikovich ZenyukovYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Vladimir Nikolaevich SilkinYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Nikolai Grigorievich Shulginov93

Year of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Alexander Nikolaevich ChistyakovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Wolfgang SkribotYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Anatoly Anatolievich GavrilenkoYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Sergei Mikhailovich KerberYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none12. Sergei Valentinovich GrishchenkoYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none13. Yury Ivanovich TrofimovYear of birth: 1945Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Yury Ivanovich Trofimov – Chairman of the Management Board of the CompanyYear of birth: 1945Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Andrei Vladimirovich MayorovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:94

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Valery Petrovich BolshakovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Sergei Vladimirovich Verevkin-RakhalskyYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Stanislav Vyacheslavovich VoroninYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Georgy Nikolaevich GroshevYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Oleg Anatolievich KazakovYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Evgeny Anatolievich KopanovYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Pavel Anatolievich LivinskyYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Alexander Alexandrovich MityaevYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Alexander Grigorievich RaevYear of birth: 195595

Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none12. Lyudmila Alexeyevna SklyarovaYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none13. Nikolai Mikhailovich SoldatovYear of birth: 1940Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none14. Anatoly Anatolievich TalalaevYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none15. Igor Alexeyevich KosolapovYear of birth: 1971Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none16. Igor Vassilievich SuchkovYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none17. Viktor Andreyevich ShapovalYear of birth: 1940Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneDirector General.Full nameYury Ivanovich TrofimovYear of birth 1945Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual32.Full corporate nameOpen Joint-Stock Company for Energy and96

Short corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingElectrification of KubanOAO Kubanenergo350033, Russian Federation, Krasnodar, ul.Stavropolskaya, d. 2.The company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.49%49%0%0%Electric power transmission.Support for the operation of power distributiongrid facilities in the Stavropol Territory.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Alexander Ilyich Gavrilov, Chairman of the Board of DirectorsYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Mikhail Ivanovich BelonogovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Dmitry Alexandrovich BolotovYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Vitaly Vassilievich BrizhanYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Evgeny Nikolaevich Bykhanov97

Year of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Dmitry Vassilievich GurinYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:0,001%Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:0,001%7. Vyacheslav Yurievich KostetskyYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Igor Anatolievich LunevYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Dmitry Vladimirovich PestovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Viktor Viktorovich SadovoyYear of birth: 1946Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Georgy Akhmedovich SultanovYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the Management Board of the company1. Alexander Ilyich Gavrilov – Chairman of the Management BoardYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Nikolai Ivanovich BoikoYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:98

nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Lyudmila Alexeyevna GolovakhaYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Vyacheslav Yurievich KostetskyYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Vitaly Alexandrovich KochergaYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Igor Anatolievich LunevYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alexander Vassilievich ManukaloYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Alexander Anatolievich MarichevYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Inver Yusufovich NatkhoYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Dmitry Vladimirovich PestovYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Andrei Ivanovich PidronovYear of birth: 196099

Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none12. Vladimir Petrovich PopovYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none13. Grigory Grigorievich SavinYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneIndividual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameShort corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividualInterregional Distribution Grid Company ofSouth Open Joint-Stock CompanyOAO IDGC of South344002, Rostov-on-Don, ul. BolshayaSadovaya, 49.0%0%33.Full corporate nameIngushenergo Open Joint-Stock Company forEnergy and ElectrificationShort corporate nameOAO IngushenergoLocation 366720, Ingushi Republic, Nazran, ul.Mutalieva, 23.Grounds for recognizing the company assubsidiary or dependent company of theIssuerThe company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.49.002%49.002%0%100

Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0%Electric power transmission.Support for the operation of power distributiongrid facilities in the Ingushi Republic.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Andrei Nikolaevich Kharin, Chairman of the Board of DirectorsYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Boris Khyzyrovich MisirovYear of birth: 1963Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Aslan Cholpanovich ApsuvaevYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Sergei Olegovich ErdenkoYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Magomed-Afendi Akhmedovich MalsagovYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entity.Full corporate nameInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.Short corporate nameOAO IDGC of the North Caucasus101

LocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual34.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%Grozenergo Open Joint-Stock Company forEnergy and Electrification of the ChechenRepublicАО Grozenergo364000, Grozny, Staropromyslovskoye shosse,d. 6The company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.49%49%0%0%The company does not conduct businessoperationsMinorMembers of the Board of Directors of the company:The board of directors was not formed since it was not elected by the General Meeting ofShareholders of the company.Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entity.Full corporate nameInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.Short corporate nameLocationOAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 18102

Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual35.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0%Sevkavkazenergo Open Joint-Stock Companyfor Energy and ElectrificationOAO Sevkavkazenergo362040, Republic of North Ossetia-Alania,Vladikavkaz, ul. Tamaeva, d. 19The company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.49.001%49.001%0%0%Supply (sale) of electricity and heat using theestablished tariffs in accordance with electricaland thermal load profilesSupport for the operation of power distributiongrid facilities in North Ossetia-Alania.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Armen Vladimirovich Danielyan, Chairman of the Board of DirectorsYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Leonid Leonidovich TrubenkovYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Konstantin Edikovich GabisovYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none103

4. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Polina Vyacheslavovna SmirnovaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Bela Mukharbievna SuyunovaYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Khvicha Pataevich KharchilavaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.Short corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual36.Full corporate nameShort corporate nameOAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%Moscow Power Grid Management CompanyOpen Joint-Stock CompanyOAO MUEKLocation 115035, Moscow, ul. Sadovnicheskaya, d. 36,str. 1.104

Grounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingThe company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.50%50%0%0%Acting as sole executive bodies of joint-stockcompanies and other business entities inaccordance with the procedure specified in thelaws of the Russian Federation and existingagreementsReceipt of dividend incomeMembers of the Board of Directors of the company.The Board of Directors is not provided for by the articles of association of the company.Members of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameYury Ivanovich TrofimovYear of birth 1945Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual37.Full corporate nameNorthwest Energy Management CompanyOpen Joint-Stock CompanyShort corporate nameOAO SZUEKLocation 191186, Saint Petersburg, Marsovo pole, d. 1.Grounds for recognizing the company as The company is recognized as dependent sincesubsidiary or dependent company of the the Issuer has more than twenty percent ofIssuervoting shares in the joint-stock company.105

Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding49%57.4%0%0%Acting as sole executive bodies of joint-stockcompanies and other business entities inaccordance with the procedure specified in thelaws of the Russian Federation and existingagreementsReceipt of dividend incomeMembers of the Board of Directors of the company.1. Albert Firyatovich Bikmurzin, Chairman of the Board of DirectorsYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Irina Vadimovna GraveYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexei Alexandrovich ZotovYear of birth: 1977Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Nikolai Alexeyevich GrishaevYear of birth: 1978Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Sergei Sergeyevich FilYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none106

6. Nikolai Zinovievich SokolovskyYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Liana Elkhanovna OsmanovaYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none8. Olga Vladimirovna SkitovaYear of birth: 1981Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none9. Dmitry Borisovich NovoselovYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none10. Marina Alexandrovna BalabanovaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none11. Vladislav Grigorievich KuzminovYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameVladislav Grigorievich KuzminovYear of birth 1969Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual38.Full corporate nameChirkeyGESstroy Open Joint-Stock Company107

Short corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingOAO ChirkeyGESstroy367000, Republic of Dagestan, Makhachkala,ul. Kazbekova, pereulok Avtomobilistov, 7aThe company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.25%25%0%0%Construction operationsReceipt of dividend incomeMembers of the Board of Directors of the company.1. Alexei Viktorovich Maslov, Chairman of the Board of DirectorsYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Mukhudin Sadrudinovich MukhudinovYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Valentin Anatolievich StafievskyYear of birth: 1939Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexander Ivanovich VislovichYear of birth: 1936Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Dmitry Sergeyevich BorisovYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:none108

Percentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Dzhalaldin Yakhievich ZakrievYear of birth: 1957Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameMukhudin Sadrudinovich MukhudinovYear of birth 1955Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual39.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingBureyagesstroy Open Joint-Stock CompanyOAO Bureyagesstroy676730, Russia, Amur Region, BureyskyDistrict, village of Talakan.The company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.25.011%25.011%0%0%Activities of the primary contractor for theconstruction of Bureyskaya HPPReceipt of dividend incomeMembers of the Board of Directors of the company.1. Margarita Vyacheslavovna Ermolaeva, Chairman of the Board of DirectorsYear of birth: 1962109

Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Polina Davidovna LevinaYear of birth: 1979Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Vyacheslav Pavlovich VoroninYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Rim Khamitovich KhafizovYear of birth: 1958Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Alexei Anatolievich ErshovYear of birth: 1969Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Gennady Nikolaevich KuznetsovYear of birth: 1951Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Anna Grigorievna BatashovaYear of birth: 1968Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameGennady Nikolaevich KuznetsovYear of birth 1951Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGC 0%110

Holding owned by the above-mentionedindividual40.Full corporate nameKrzhizhanovsky Power Engineering InstituteOpen Joint-Stock CompanyShort corporate nameOAO ENINLocation 119991, Moscow, Leninsky prospekt, 19.Grounds for recognizing the company as The company is recognized as dependent sincesubsidiary or dependent company of the the Issuer has more than twenty percent ofIssuervoting shares in the joint-stock company.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding31.342%31.342%0%0%ResearchProvision of research services to the issuer inthe field of power engineeringMembers of the Board of Directors of the company.1. Yakov Moiseyevich Urinson, Chairman of the Board of DirectorsYear of birth: 1944Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Eduard Petrovich VolkovYear of birth: 1938Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Alexander Mikhailovich LevtsevYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexei Anatolievich RomanovYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:111

1. Anton Alexandrovich Vassiliev, Chairman of the Board of DirectorsYear of birth: 1956Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Vladimir Tikhonovich ZhidkovYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Yury Vladislavovich ManevichYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexander Mikhailovich MuratkinYear of birth: 1952Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Sergei Alexeyevich RomanenkoYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Alexander Viktorovich SubbotinYear of birth: 1975Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alexander Efimovich SuperfinYear of birth: 1959Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameYury Vladislavovich ManevichYear of birth 1972Stake in the authorized capital of JSC IDGC0%Holding, the issuer, owned by the above-113

mentioned individualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividual42.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0%Volga Region Energy Engineering CenterOpen Joint-Stock CompanyOAO Volga Region EEC443001, Samara, ul. Samarskaya, d. 203 bThe company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.25%25%0%0%Activities related to the re-equipment,rehabilitation and construction of powerfacilitiesProvision of integrated engineering servicesMembers of the Board of Directors of the company.1. Vyacheslav Pavlovich Voronin, Chairman of the Board of DirectorsYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Anatoly Pavlovich LavinskyYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Elena Nikolaevna BaigarinaYear of birth: 1953Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Margarita Vyacheslavovna Ermolaeva114

Year of birth: 1962Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Vassily Vladislavovich NikonovYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Rasim Magsumovich KhaziakhmetovYear of birth: 1954Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Alexei Gennadievich SharkovYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameAlexander Borisovich RemezentsevYear of birth 1960Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual43.Full corporate nameSouth Energy Engineering Center Open Joint-Stock CompanyShort corporate nameOAO South EECLocation 350058, Krasnodar, ul. Starokubanskaya, d.116Grounds for recognizing the company as The company is recognized as dependent sincesubsidiary or dependent company of the the Issuer has more than twenty percent ofIssuervoting shares in the joint-stock company.Stake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company owned25%25%115

y the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holding0%0%Activities related to the construction, reequipmentand rehabilitation of power facilitiesServices related to the construction, reequipmentand rehabilitation of power gridfacilitiesMembers of the Board of Directors of the company.1. Anatoly Pavlovich Lavinsky, Chairman of the Board of DirectorsYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Dmitry Germanovich SolodyankinYear of birth: 1967Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Maxim Anatolievich PetrikhinYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alexei Vassilievich LyakhovYear of birth: 1974Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Alexei Gennadievich SharkovYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Vyacheslav Pavlovich VoroninYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Sergei Viktorovich InkovYear of birth: 1959116

Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameSergei Viktorovich InkovYear of birth 1959Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual44.Full corporate nameShort corporate nameUrals Energy Engineering Center Open Joint-Stock Company –URALVNIPIENERGOPROM,Uralselenergoproekt, UralTEP, UralORGRES,UralVTI, Uralenergosetproekt,ChelyabenergosetproektOAO Urals Energy Engineering CenterLocation 620075, Russia, Sverdlovsk Region,Yekaterinburg, ul. Pervomaiskaya, 56 (legaladdress)620075, Sverdlovsk Region, Yekaterinburg, ul.Pervomaiskaya, 56, P.O. Box 171, office 527(postal address)Grounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessThe company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.25.001%25.001%0%0%Activities related to the construction, reequipmentand rehabilitation of power facilities117

Description of the role of such company forthe functioning of JSC IDGC HoldingServices related to the construction, reequipmentand rehabilitation of power gridfacilitiesMembers of the Board of Directors of the company.1. Vyacheslav Pavlovich Voronin, Chairman of the Board of DirectorsYear of birth: 1949Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Arkady Alexandrovich EgorovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Sergei Vassilievich MishcheryakovYear of birth: 1955Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Sergei Ivanovich KozlovYear of birth: 1963Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Anatoly Pavlovich LavinskyYear of birth: 1948Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Yury Petrovich ShevelevYear of birth: 1962Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Vladimir Vyacheslavovich KharitonovYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:118

Director General.Full nameArkady Alexandrovich EgorovYear of birth 1960Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual45.Full corporate nameShort corporate nameLocationGrounds for recognizing the company assubsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC HoldingSiberian Energy Research and DevelopmentCenter Open Joint-Stock CompanyOAO Siberian ENTTs630132, Novosibirsk Region, Novosibirsk, ul.Dimitrova, d. 7The company is recognized as dependent sincethe Issuer has more than twenty percent ofvoting shares in the joint-stock company.25%25%0%0%Activities related to the design, construction,re-equipment and rehabilitation of powerfacilitiesServices related to the design, construction, reequipmentand rehabilitation of power gridfacilitiesMembers of the Board of Directors of the company.1. Stanislav Yurievich Berus, Chairman of the Board of DirectorsYear of birth: 1985Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Svetlana Vladimirovna BlokhinaYear of birth: 1966Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:119

none3. Ilya Alexandrovich VergizaevYear of birth: 1973Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Alla Sergeyevna RadaevaYear of birth: 1982Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Kristina Alexandrovna RogozhinaYear of birth: 1980Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none6. Valery Viktorovich TropinaYear of birth: 1950Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none7. Mikhail Borisovich FilatovYear of birth: 1970Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Director General.Full nameMaxim Alexandrovich ChakhovskyYear of birth 1970Stake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividual0%Percentage of ordinary shares in JSC IDGCHolding owned by the above-mentioned0%individual46.Full corporate nameNurenergo Open Joint-Stock CompanyShort corporate nameOAO NurenergoLocation 364000, Chechen Republic, Grozny,Staropromyslovskoye shosse, 6.Grounds for recognizing the company asThe company is recognized as dependent since120

subsidiary or dependent company of theIssuerStake held by the Issuer in the authorizedcapital of the subsidiary and/or dependentcompany.Percentage of ordinary shares in thesubsidiary and/or dependent company ownedby the Issuer.Stake held by the subsidiary and/or dependentcompany in the authorized capital of theIssuer.Percentage of ordinary shares in JSC IDGCHolding owned by the subsidiary and/ordependent companyDescription of the company’s core businessDescription of the role of such company forthe functioning of JSC IDGC Holdingthe Issuer has more than twenty percent ofvoting shares in the joint-stock company.23%23%0%0%Supply (sale) of electricity and heat using theestablished tariffs in accordance with electricaland thermal load profilesSupport for the operation of power distributiongrid facilities in the Chechen Republic.Receipt of dividend incomeMembers of the Board of Directors of the company.1. Said-Khasan Salmanovich Murtazaliev, Chairman of the Board of DirectorsYear of birth: 1953Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none2. Mamsur Usamovich BakannievYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none3. Magomed Kadyevich KaitovYear of birth: 1960Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none4. Khvicha Pataevich KharchilavaYear of birth: 1972Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:none5. Zaur Dalkhatovich GekkievYear of birth: 1961Stake held by the above-mentioned individual in the authorized capital of the issuer:nonePercentage of the issuer’s ordinary shares owned by the above-mentioned individual:121

noneMembers of the collegial executive body of the company:Collegial executive body is not provided for by the articles of association of the company.Individual acting as sole executive body of the subsidiary and/or dependent company:Managing entityFull corporate nameShort corporate nameLocationStake in the authorized capital of JSC IDGCHolding, the issuer, owned by the abovementionedindividualPercentage of ordinary shares in JSC IDGCHolding owned by the above-mentionedindividualInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock Company.OAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 180%0%4.6. Composition, Breakdown and Value of the Fixed Assets of JSC IDGC Holding,Information Concerning Plans for the Acquisition, Replacement, Retirement of Fixed Assetsand All Evidence of Encumbrance of the Fixed Assets of JSC IDGC Holding4.6.1. Fixed AssetsInformation concerning the original (replacement) value of fixed assets and the amount ofaccumulated depreciation for the 5 most recently closed fiscal years or each closed fiscal yearand as of the final date of the most recently closed reporting period up to the date of approval ofthe securities prospectus are not specified herein since the issuer was established on July 1, 2008.As of the date of approval of the securities prospectus, the accounting statements for quarter 3 of2008 are not yet due.Provided below are indicators as of July 1, 2008, as specified in the initial balance sheet ofthe issuer (rubles):Original (replacement) value of fixed assets, including: 8,860,743.35Buildings, structures, machinery and equipment 8,676,545.35other types of fixed assets 184,198.00Amount of accumulated depreciation: 0Depreciation of housing, land improvement and other similarfacilities66,034.71Information concerning the methods for accumulating depreciation on fixed assetgroupsStraight-line depreciation method is used to accumulate depreciation on all groups of fixedassets.122

Results of the most recent revaluation of fixed assets and fixed assets under long-termlease as from the date of state registration of the Issuer if the issuer has operated for less than5 years, including the date of revaluation, full and replacement book value (net ofdepreciation) of fixed assets before revaluation and full and replacement book value (net ofdepreciation) of fixed assets after revaluation. The above-mentioned information is providedfor fixed asset groups.The results of fixed asset revaluation are not specified herein since fixed assets were notrevalued.Information concerning plans for the acquisition, replacement, retirement of fixedassets accounting for 10 percent or more of the issuer’s fixed asset value and other fixedassets at the issuer’s discretionIt is not planned to purchase, replace or dispose of fixed assets accounting for 10 percent ormore of the issuer’s fixed asset value.Information concerning all evidence of encumbrance of the issuer’s fixed assets as ofthe date of approval of the securities prospectus.The issuer entered into lease agreement No. 79-46/A-22 of December 19, 2006, for theissuer’s stake of 24/100 in the building located at: Nizhni Novgorod, bulvar Mira, 14. Thecounterparty is OAO Engineering Center. The agreement was extended by the unnumberedsupplementary agreement of February 29, 2008. Lease will expire on May 31, 2010.123

V. Information Concerning the Financing and Economic Activities of JSC IDGC Holding.5.1. Financial and Economic Performance of the Issuer5.1.1. Profit and LossInformation for the 5 most recently closed fiscal years or each closed fiscal year andeconomic analysis of the issuer’s profit/loss are not specified herein since the issuer wasestablished on July 1, 2008.Uncovered loss as of July 1, 2008, as specified in the separation balance sheet is 0 rubles.5.1.2. Factors Which Affected the Amount of Profit/Loss from the Issuer’s OperatingActivitiesThis paragraph is not completed since the issuer was established on July 1, 2008. As of the dateof approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are notyet due.5.2. Liquidity of the Issuer, Capital and Current Asset AdequacyThis paragraph is not completed since the issuer was established on July 1, 2008. As of the dateof approval of the securities prospectus, the accounting statements for quarter 3 of 2008 are notyet due.5.3. Value and Structure of the Capital and Current Assets of JSC IDGC Holding5.3.1. Value and Structure of the Issuer’s Capital and Current AssetsInformation for the five most recently closed fiscal years or each closed fiscal year are notspecified herein since the issuer was established on July 1, 2008. As of the date of approval ofthe securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.Provided below is the information concerning the amount and structure of capital andcurrent assets contained in the initial balance sheet of the issuer as of July 1, 2008.Indicator As of July 1, 2008а) authorized capital of the issuer (recorded in the 43,116,903,368balance sheet), rublesconformity of the issuer’s authorized capital yesspecified in this section to the constitutivedocuments of the issuerb) total value of the issuer’s shares (stakes)0repurchased by the issuer for further resale (transfer),including the value of such shares (stakes) as apercentage of the issuer’s outstanding shares(authorized capital), rublesc) operating surplus of the issuer, rubles 0d) incremental capital of the issuer reflecting asset 0value increment identified through revaluation,rublesDifference between the selling price (offering price) 0and par value of shares (stakes) in the Companyresulting from the sale of shares (stakes) at a pricehigher than the par value, rublese) undistributed net profit of the issuer, rubles 195,341,204,292.09124

f) total capital of the issuer, rubles 238,458,107,660.09The analysis of changes in the above-mentioned value and structure of the issuer’s capitaland current assets is are not specified herein since the issuer was established on July 1, 2008, andas of the date of approval of the securities prospectus, the accounting statements for quarter 3 of2008 are not yet due.Value and structure of the issuer’s capital and current assets as specified in the initialbalance sheet of the issuer as of July 1, 2008Indicator As of July 1, 2008Inventories, rubles 68,563,932.07To current assets, % 0.51Value added tax on assets purchased, rubles 255,032,359.18To current assets, % 1.9Accounts receivable (amounts falling due withinmore than 12 months of the balance sheet date),rubles 4,844,730,282.61To current assets, % 36.18Accounts receivable (amounts falling due within 12months of the balance sheet date), rubles 7,821,434,274.84To current assets, % 58.41Short-term financial investments, rubles 79,603,762.63To current assets, % 0.6Cash, rubles 320,095,769.87To current assets, % 2.4Other current assets, rubles 0To current assets, % 0Total current assets, rubles 13,389,460,381.2Sources of capital funding used by the issuer (equity, loans, advances):The principal source of capital funding is the issuer’s equity.Capital funding policy of the issuer:Maintaining liquidity, payables and receivables turnover and solvency of the issuer so as toensure the timely performance of obligations to creditors without raising borrowings fromlending institutions for capital funding purposes.Factors which can cause changes in capital funding policy and assessment of their likelihood:Possible factor which can cause changes in capital funding policy is the deterioration of theissuer’s financial standing, necessitating borrowings from creditors for capital funding purposes.This event is unlikely to occur.5.3.2. Financial Investments of JSC IDGC Holding125

List of the issuer’s financial investment accounting for 10 percent or more of its aggregatefinancial investments as of the end of the most recent fiscal year before the date of approvalof the securities prospectusSince the issuer was established on July 1, 2008, and as of the date of approval of the securitiesprospectus, the accounting statements for quarter 3 of 2008 are not yet due, data as of July 1,2008 as specified in the initial balance sheet of the issuer are provided:The issuer does not have any financial investments accounting for 10 percent or more of itsaggregate financial investments as of July 1, 2008.5.3.3. Intangible Assets of the IssuerSince the issuer was established on July 1, 2008, and as of the date of approval of the securitiesprospectus the accounting statements for quarter 3 of 2008 are not yet due, data as of July 1,2008 as specified in the initial balance sheet of the issuer are provided:Intangible assets as of July 1, 2008: not applicable.5.4. Information Concerning the Policy and Expenses Incurred by JSC IDGC Holding in theArea of Scientific and Technological Development, in Respect of Licenses and Patents, NewDevelopments and ResearchInformation concerning the issuer’s policy in the area of scientific and technologicaldevelopment for the 5 most recently closed fiscal years, including the disclosure of research costsusing the issuer’s equity is not provided since the issuer was established on July 1, 2008, and as ofthe date of approval of the securities prospectus no fiscal years were closed.The issuer does not own any intellectual property (invention, useful model and design patents,trademarks and service marks).The issuer neither created intellectual property, received legal protection of intellectualproperty nor spent funds on the legal protection of intellectual property or research activities.In this regard, risk factors associated with the expiration of trademark patents and licenses donot exist.5.5. Analysis of Trends in the Core Business of JSC IDGC HoldingInformation concerning key trends in the branch of economy in which the issuer conductsits core business for the 5 most recently closed fiscal years or each closed fiscal year, theassessment of the issuer’s performance in this industry, conformity of the issuer’s performanceto industry trends and the reasons for such performance are not specified herein since the issuerwas established on July 1, 2008, and as of the date of approval of the securities prospectus, nofiscal years were closed.5.5.1. Analysis of Factors and Conditions Affecting the Activities of JSC IDGC HoldingFactors and conditions affecting the issuer’s activities and performance:The principal factors and conditions affecting the activities and performance of JSCIDGC Holding are transformations of the electricity industry as part of its reform and conditionsaffecting the general situation in the industry.It should be noted that all factors affecting SDCs ultimately affect the issuer’sperformance too since the principal source of the issuer’s income is dividend on the shares inIDGCs.Currently, the principal factor impacting the issuer and its SDCs is government regulationof the electric power industry, including the regulation of electricity transmission andengineering connection services and tariff-setting in respect of such services. The Government ofthe Russian Federation and authorities of the constituent entities of the Russian Federation setthe limits for electricity transmission tariffs. Russia’s average ranges between 9% and 11% peryear.Forecast of duration of the above-mentioned factors and conditions:126

According to the issuer’s forecast, the above-mentioned factors will exist until 2011.After that, the issuer expects RAB tariff-setting system to be implemented into businesspractices, which can greatly improve the issuer’s performance.Action which the issuer takes and action which the issuer plans to take in the future to benefitfrom these factors and conditions:To form optimal tariffs for its companies, the issuer systematically interacts with tariffauthorities to set the tariffs including all economically feasible costs (whenever possible) and setreasonable loss limits. It also seeks to reduce costs, minimize losses by renovating worn-outequipment and expand the scope of provided services by commissioning new facilities.The issuer also takes action to get involved in the development of regulatory frameworkfor the electric power industry. In particular, the issuer plans to participate in the work performedby Nonprofit Partnership Council for Organizing Efficient System of Trading at Wholesale andRetail Electricity and Capacity Market in order to be actively involved in the process.Better performance of the entire industry will also be achieved by:- balancing the interests of customers, investors and the government;- implementing long-term projects, attracting long-term investments at the lowest price;- allocating risks among all stakeholders in an optimal manner;- creating incentives encouraging companies to improve their performance due to costreduction and investments in new technologies;- developing power grid facilities using scientifically grounded technical solutions andtechnologies tested in the operation of state-of-the-art electrical equipment;- ensuring a fair price of electricity transmission services depending on their reliabilityand quality.Methods which the issuer uses and methods which the issuer plans to use in the future toweaken the adverse effect of factors and conditions affecting the issuer’s activities:The principal method which the issuer uses and plans to use in the future to weaken theadverse impact of factors and conditions is operational planning based on the analysis ofeconomic situation.Material events/factors which can have the strongest adverse effect on the possibility of equalor higher performance of the issuer in the future compared with its performance in the mostrecent reporting period and the likelihood of such events (factors):Possible negative factors which can affect the issuer’s activities include the inadequacy ofelectric grids in certain constituent entities of the Russian Federation in an environment of rapidpower consumption growth, which leads to the overloads of transmission lines, substationtransformers and equipment wear and tear, thus reducing the reliability of power supply tocustomers and causing additional financial costs to maintain its operation.In the issuer’s opinion, events and/or factors which can have the strongest adverse effecton the possibility of the issuer’s good performance in the future are negligible.Material events/factors which can improve the issuer’s performance, their likelihood anddurationPossible material factors which can improve the issuer’s performance include theimplementation of RAB tariff-setting system into business practices. RAB tariff-setting systemwould allow the government to create market conditions in the monopolistic economic sectorand oblige the regulator to monitor service quality and reliability parameters, prepare long-termindustry forecasts and balance the interests of investors and customers. The issuer assesses thelikelihood and duration of such factor as considerable.5.5.2. Competitors of JSC IDGC Holding127

The issuer is in charge of the corporate management (share management) of itssubsidiaries and dependent companies (IDGCs) and therefore does not have any competitorssince IDGCs are natural monopolies by operation of law.Competitiveness factors are not specified herein since subsidiaries and dependentcompanies (IDGCs) are natural monopolies.The issuer does not view the companies involved in similar activities abroad as itscompetitors since the issuer operates only in the Russian Federation.VI. Detailed Information Concerning Individual Members of the Management Bodies of JSCIDGC Holding, the Bodies of JSC IDGC Holding Controlling Its Financing and EconomicActivities and Brief Information Concerning the Employees (Personnel) of JSC IDGCHolding6.1. Details of the Structure and Jurisdiction of the Management Bodies of JSC IDGCHolding. Full Description of the Structure of the Issuer’s Management Bodies and TheirJurisdiction as Specified in the Articles of Association of the Issuer.The management bodies of the Issuer as specified in Article 9.1 of the Articles ofAssociation of the Company are as follows:- General Meeting of Shareholders.- Board of Directors.- Director General.The General Meeting of Shareholders is supreme management body of the Company.The following issues as specified in Article 10.2 of the Articles of Association of theIssuer fall within the jurisdiction of the General Meeting of Shareholders:"1) amendment of the Articles of Association of the Company or approval of the restated versionof the Articles of Association of the Company;2) reorganization of the Company in accordance with the procedure set forth in the federal lawsand these Articles of Association;3) liquidation of the Company, appointment of the liquidation committee and approval of theinterim and final liquidation balance sheets;4) election of members to the Board of Directors of the Company and early termination of theirauthority, establishment of the amount of remuneration or compensation payable to members ofthe Board of Directors of the Company;5) determination of the quantity, par value, category (type) of authorized shares and the rightscarried by such shares;6) expansion of the authorized capital of the Company through an increase in the par value ofshares or follow-on offering conducted by the Company as provided for by these Articles ofAssociation;7) reduction of the authorized capital of the Company by decreasing the par value of shares,through the acquisition of a portion of shares by the Company for the purposes of reducing theirtotal number and by means of redemption of shares acquired or repurchased by the Company;8) election of members of the Internal Audit Commission of the Company and early terminationof their authority, establishment of the amount of remuneration or compensation payable tomembers of the Internal Audit Commission of the Company;9) approval of the Company's auditor;10) approval of annual reports, annual financial statements, including profit and loss statements(income statements) of the Company, as well as appropriation of profit, including payment(declaration) of dividends, with the exception of profit distributed as dividends for the first128

quarter, six months, nine months of the fiscal year), and loss of the Company based on the fiscalyear performance;11) determination of the procedure for holding the General Meeting of Shareholders;12) stock split and reverse stock split;13) adoption of the resolution on the approval of transactions as provided for by Article 83 of theFederal Law "On Joint-Stock Companies";14) adoption of resolutions on the approval of material transactions as provided for by Article 79of this Federal Law "On Joint-Stock Companies";15) adoption of the resolution on participation of the Company in financial and industrial groups,associations and other groups of business entities;16) approval of internal documents governing the activities of the Company's bodies;17) payment (declaration) of dividends for the first quarter, six months, nine months of the fiscalyear;18) resolution of other issues provided for by the Federal Law "On Joint-Stock Companies".The authority of the Board of Directors of the Issuer is provided for by Article 11.1 ofthe Articles of Association of the Issuer:"The Board of Directors of the Company is authorized to solve issues related to the generalmanagement of the Company's activities, with the exception of issues falling within thejurisdiction of the General Meeting of Shareholders as specified in the Articles of Association ofthe Company.The jurisdiction of the Board of Directors of the Company covers the following issues:1. determination of high-priority activities of the Company;2. convening of the annual and extraordinary General Meetings of the Company except asprovided for by paragraph 10.7.8 of the Articles of Association;3. approval of the agenda of the General Meeting of Shareholders;4. determination of the date of preparation of the list of individuals entitled to participate in theGeneral Meeting of Shareholders and any other issues falling within the jurisdiction of the Boardof Directors of the Company as provided for by Chapter VII of the Federal Law "On Joint-StockCompanies" and related to the preparation and holding of the General Meeting of Shareholders;5. submission of the issues provided for by subparagraphs 2, 6 and 12-16 of paragraph 10.2 ofthe Articles of Association and the issue of reduction of the authorized capital of the Companyby decreasing the par value of shares for consideration by the General Meeting of Shareholders;6. expansion of the authorized capital of the Company through the follow-on offering conductedby the Company as provided for by these Articles of Association;7. approval of resolutions on the issuance of securities, securities prospectuses, securitiesissuance reports, approval of the report on the purchase of shares from the shareholders of theCompany, share redemption reports, reports on the submission of share redemption requests bythe shareholders of the Company owning such shares;8. placement by the Company of bonds or any other issue-grade securities as provided for by theFederal Law "On Joint-Stock Companies" and these Articles of Association;9. determination of the price (monetary value) of the property, the offering and repurchase priceof issue-grade securities as provided for by the Federal Law "On Joint-Stock Companies";10. acquisition of shares, bonds or any other issue-grade securities placed by the Company asprovided for by the Federal Law "On Joint-Stock Companies";11. approval of the terms and conditions of the agreement with the Director General of theCompany, establishment of the amount of remuneration and compensation payable to theDirector General of the Company or appointment of the individual authorized to approve theterms and conditions of the agreement with the Director General of the Company and establishthe amount of remuneration and compensation payable to the Director General of the Company;12. recommendations concerning the amount of remuneration and compensation payable tomembers of the Internal Audit Commission of the Company; determination of the amount ofauditor's fee;129

13. recommendations concerning the amount of dividend on shares and its payment procedure;14. determination of the procedure for the establishment and use of the Company's funds;15. approval of the internal documents of the Company, with the exception of internaldocuments whose approval falls within the jurisdiction of the General Meeting of Shareholdersor the jurisdiction of the Director General of the Company as specified in these Articles ofAssociation; approval of the expense budget for the executive arm of the Company, includingcosts required to maintain the office of the Board of Directors of the Company;16. establishment (liquidation) of branches and opening (liquidation) of representative offices ofthe Company; respective amendment of the Articles of Association of the Company;17. adoption of resolutions on participation of the Company in entities other than those specifiedin subparagraph 10.2.15 of these Articles of Association (admission to the existing entity orestablishment of a new entity), acquisition, disposition and encumbrance of their shares andstakes, change in the stake in the authorized capital of the above-mentioned entities;18. approval of material transactions as provided for by Charter X of the Federal Law "On Joint-Stock Companies";19. approval of transactions provided for by Chapter XI of the Federal Law "On Joint-StockCompanies";20. determination of the policy and adoption of resolutions related to the obtainment andextension (provision) of advances, loans, credits, guarantees, pledge and warranties inaccordance with the procedure specified by the Board of Directors of the Company;21. approval of the procedure for interaction of the Company with the economic entities whoseshares (equities) are Owned by the Company; adoption of resolutions falling within itsjurisdiction in accordance therewith;22. determination of position of the Company (representatives of the Company), includinginstructions to take or not to take part in the voting on agenda items, vote "For", "Against" or"Abstain", while voting on draft resolutions on the following agendas of general meetings ofshareholders (participants) of the subsidiaries and dependent business entities (hereinafter"SDCs") (except when the functions of general meetings of shareholders of SDCs are performedby the Board of Directors of the Company) and meetings of the Boards of Directors of SDCs(with the exception of the issue of approval of the agenda of general meetings of shareholders ofSDCs when the functions of general meetings of shareholders of SDCs are performed by theBoard of Directors of the Company), specifically for the Company to exercise control of theresolutions adopted by the subsidiaries and dependent companies of SDCs:a) determination of agenda of the general meeting of shareholders (participants) of SDCs;b) reorganization or liquidation of SDCs;c) determination of the total number of members of the Board of Directors of SDCs, nominationand election of its members and early termination of their authority;d) determination of the quantity, par value, category (type) of authorized shares in SDCs and therights carried by such shares;e) expansion of the authorized capital of SDCs through an increase in the par value of shares orfollow-on offering;f) placement of securities of SDCs convertible into ordinary shares;g) split and reverse split of stock of SDCs;h) approval of material transactions executed by SDCs;i) participation of SDCs in any other entities (admission to the existing entity or establishment ofa new entity) and (with due account for the provisions of subparagraphs "j" and "k") acquisition,disposition and encumbrance of shares and stakes in the authorized capitals of entities in whichSDCs participate; change in the stake in the authorized capital of the entity concerned;j) execution by SDCs of transactions (including the acquisition, disposition, pledge or any otherencumbrance through the execution of one or more inter-related transactions) in shares andstakes in the subsidiaries and dependent companies of SDCs which produce, transmit, dispatch,distribute and sell electricity and heat irrespective of the number of shares (amount of stakes inauthorized capital) in such entities;130

k) execution by SDCs of transactions (including the acquisition, disposition, pledge or any otherencumbrance through the execution of one or more inter-related transactions) in shares andstakes in the subsidiaries and dependent companies of SDCs which do not produce, transmit,dispatch, distribute and sell electricity and heat;l) execution by SDCs of transactions (including several inter-related transactions) concerning thedisposal or possibility of disposal of property which constitutes fixed assets, intangible assets,construction-in-progress assets used for the purposes of production, transmission, dispatch anddistribution of electricity and heat;m) execution by SDCs of any transactions (including several inter-related transactions)concerning the disposal or possibility of disposal of property which constitutes fixed assets,intangible assets, construction-in-progress assets not used for the purposes of production,transmission, dispatch and distribution of electricity and heat;n) determination of positions of the representatives of SDCs for issues on the agendas of generalmeetings of shareholders (participants) and meetings of the Boards of Directors of thesubsidiaries and dependent companies of SDCs regarding the execution (approval) oftransactions (including several inter-related transactions) concerning the disposal or possibilityof disposal of property which constitutes fixed assets, intangible assets, construction-in-progressassets used for the purposes of production, transmission, dispatch and distribution of electricityand heat;o) determination of positions of the representatives of SDCs for issues on the agendas of generalmeetings of shareholders (participants) and meetings of the Boards of Directors of thesubsidiaries and dependent companies of SDCs which produce, transmit, dispatch, distribute andsell electricity and heat with respect to the reorganization, liquidation, expansion of theauthorized capital of such entities through an increase in the par value of shares or follow-onoffering, placement of securities convertible into ordinary shares.The Board of Directors of the Company adopts resolutions on the issues provided for by clauses"j", "k", "l", "m", "n" of subparagraph 11.1.22 of these Articles of Association in the instances(amounts) provided for by the procedure for interaction of the Company with the economicentities whose shares (equities) are owned by the Company as approved by the Board ofDirectors of the Company in accordance with subparagraph 11.1.21 of these Articles ofAssociation.23. prior approval (in accordance with the procedure set forth in the Procedural Rules forHolding the Board of Directors Meetings) of resolutions on the execution of transactions in thenon-current assets of the Company worth 10 (ten) to 25 (twenty-five) percent of the book valueof these assets on the date of adoption of the resolution on the execution of such transaction;24. prior approval (in accordance with the procedure set forth in the Procedural Rules forHolding the Board of Directors Meetings) of resolutions on the execution by the Company oftransactions (including several inter-related transactions) concerning the disposal or possibilityof disposal of property which constitutes fixed assets, intangible assets, construction-in-progressassets used for the purposes of production, transmission, dispatch and distribution of electricityand heat in the instances (amounts) provided for by the individual procedure specified by theBoard of Directors of the Company;25. prior approval of resolutions on the execution by the Company of transactions (includingseveral inter-related transactions) concerning the disposal or possibility of disposal of propertywhich constitutes fixed assets, intangible assets, construction-in-progress assets not used for thepurposes of production, transmission, dispatch and distribution of electricity and heat in theinstances (amounts) provided for by the individual procedure specified by the Board of Directorsof the Company;26. approval of the Registrar of the Company and the terms and conditions of the agreement withthe Registrar; termination of such agreement;27. election (appointment) of the Director General of the Company and early termination ofhis/her authority;131

28. other issues provided for by the Federal Law "On Joint-Stock Companies" and the Articles ofAssociation of the Company."The authority of the Director General of the Issuer is provided for by Articles 13.1 to13.3 of the Articles of Association of the Issuer:"The Director General of the Company manages the daily operations of the Company pursuant tothe resolutions of the General Meeting of Shareholders and the Board of Directors of theCompany adopted within their respective jurisdiction.The jurisdiction of the Director General of the Company covers all issues related to themanagement of the Company's daily operations other than those falling within the jurisdiction ofthe General Meeting of Shareholders and the Board of Directors of the Company.The Director General of the Company acts on behalf of the Company without a power ofattorney, specifically within the restrictions provided for by the applicable laws, these Articles ofAssociation and the resolutions of the Board of Directors of the Company:1) ensures the implementation of the Company's action plans necessary to accomplish itsobjectives;2) organizes the maintenance of accounting records and reports by the Company;3) manages the Company's property, executes transactions on behalf of the Company, issuespowers of attorney, opens settlement and other accounts of the Company with banks and otherlending institutions (and professional corporate participants in the securities market as providedfor by laws);4) issues orders, approves (adopts) instructions, local regulations and other internal documents ofthe Company on issues falling within its jurisdiction, gives directions binding upon allemployees of the Company;5) approves the regulations for branches and representative offices of the Company;6) approves manning table and basic salaries of the Company's employees in accordance with theorganizational structure of the Company's executive arm;7) exercises the rights and performs the obligations of the employer in respect of the Company'semployees provided for by the employment laws;8) allocates responsibility among Deputy Directors General of the Company;9) submits for consideration by the Board of Directors of the Company reports on the financingand economic activities of the subsidiaries and dependent companies whose shares (equities) areowned by the Company and information about other entities in which the Company participates;10) not later than 45 (forty-five) days prior to the date of annual general meeting submit forconsideration by the Board of Directors of the Company the annual report, balance sheet, profitand loss statement (income statement) of the Company, appropriation of the Company's profitand loss;11) develops target key performance indicators (KPIs) for the divisions (executives) of theCompany and assumes liability for their achievement;12) submit to the Board of Directors of the Company reports on the target key performanceindicators (KPIs) approved for the divisions (executives) of the Company and the results of theirachievement;13) solves other issues related to the daily operations of the Company, with the exception ofissues falling within the jurisdiction of the General Meeting of Shareholders and the Board ofDirectors of the Company."Information concerning the availability of the code of corporate conduct (governance)of the issuer or other similar document:The above-mentioned document was not approved as of the date of approval of thesecurities prospectus by the issuer and is being developed.Information concerning the availability of the internal documents of the issuergoverning the activities of its bodies:132

The internal documents of the issuer governing the activities of its bodies were notapproved as of the date of approval of the securities prospectus.The issuer is currently drafting the Regulations for the Preparation and Holding Procedurefor the General Meeting of Shareholders and the Regulations for the Convening and HoldingProcedure for Meetings of the Board of Directors, which are planned to be approved pursuant tothe resolution of the General Meeting of Shareholders of the issuer.Webpage on which the full text of the most recent version of the Articles ofAssociation of the Issuer and the internal documents governing the activities of the Issuer'sbodies is publicly available: www.fsk-ees.ru .The full text of the most recent version of the Articles of Association of the Issuer isavailable on the Internet at: http://www.e-disclosure.ru/portal/company.aspx?id=13806.The internal documents of the issuer governing the activities of its bodies will also bepublished on the above-mentioned website after their approval by the issuer.6.2. Information About Individual Members of the Management Bodies of JSC IDGCHolding.Information about members of the Board of Directors of JSC IDGC Holding1. Kirill Gennadievich AndrosovYear of birth: 1972Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: May 2008 – presentEntity: the Russian Federation Government OfficePosition: Deputy Head of the Russian Federation Government OfficePeriod: November 2005 – May 2008Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Deputy MinisterPeriod: May 2004 – November 2005Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Department DirectorPeriod: May 2000 – May 2004Entity: OAO LenenergoPosition: First Deputy Director General for Economics and FinanceStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%133

Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.2. Denis Arkadievich AskinadzeYear of birth: 1974Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: March 2008 – July 2008Entity: OAO TransneftPosition: member of the Board of DirectorsPeriod: November 2006 – March 2008Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Director of the Department for Tariff Regulation and Infrastructural ReformsPeriod: October 2005 – November 2006Entity: OAO Territorial Generation Company No. 1Position: Head of the Economics DepartmentPeriod: July 2004 – September 2005Entity: OAO LenenergoPosition: Director of the Economics DepartmentPeriod: April 2003 – July 2004Entity: ZAO Avrora ManagementPosition: Director GeneralPeriod: 2003 – April 2003Entity: OAO LenenergoPosition: Director for the operation of hydraulic power plantsStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%134

Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.3. Mikhail Ivanovich BuyanovYear of birth: 1949Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: May 2005 – 2007Entity: Federal Energy Agency (Rosenergo)Position: Head of the Electricity Industry DivisionPeriod: March 2002 – May 2005Entity: the Russian Federation Government OfficePosition: Advisor to the Department for Industrial DevelopmentStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.135

Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.4. Alexander Stalievich VoloshinYear of birth: 1956Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: March 2008 – presentEntity: INTER RAO UESPosition: member of the Board of DirectorsPeriod: 2004 – presentEntity: SO – CDAPosition: Chairman of the Board of DirectorsPeriod: 2004 – June 2008Entity: JSC FGC UESPosition: member of the Board of DirectorsPeriod: 2003 – June 2008Entity: RAO UES of RussiaPosition: Chairman of the Board of DirectorsPeriod: 1999 - 2003Entity: Presidential Executive OfficePosition: ManagerStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/A136

Information concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.5. Andrei Vladimirovich DementievYear of birth: 1967Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: INTER RAO UESPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: JSC FGC UESPosition: member of the Board of DirectorsPeriod: 2006 – June 2008Entity: RAO UES of RussiaPosition: member of the Board of DirectorsPeriod: 2005 – presentEntity: OAO KAMAZPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: the Ministry of Industry and Trade of the Russian FederationPosition: Deputy MinisterPeriod: 2005 – 2008Entity: the Ministry of Industry and Energy of the Russian FederationPosition: Deputy MinisterPeriod: 2004 – 2005Entity: the Ministry of Industry and Energy of the Russian FederationPosition: Director of the Department of Structural and Investment Policy in Industry and EnergyPeriod: 2002 – 2004Entity: Government of the Russian Federation137

Position: Deputy Head of the Secretariat of the First Deputy Chairman of the Government of theRussian FederationStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.6. Alexander Ivanovich KazakovYear of birth: 1948Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: Director General, member of the Board of DirectorsPeriod: August 2007 – June 2008Entity: JSC FGC UESPosition: Deputy Chairman of the Management BoardPeriod: December 2005 – August 2007Entity: OAO Moscow Power Grid Management CompanyPosition: Director GeneralPeriod: December 2001 – December 2005Entity: Council of Federation of the Federal Assembly of the Russian FederationPosition: Chairman of the Council of the Federation Committee on Federal Affairs and RegionalPoliciesStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%138

Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.7. Vyacheslav Mikhailovich KravchenkoYear of birth: 1967Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: Chairman of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: Chairman of the Board of DirectorsPeriod: 2008 – presentEntity: Administrator of Trading System of the Wholesale Power Market within the UnifiedEnergy SystemPosition: representative of the Government of the Russian Federation on the Supervisory BoardPeriod: 2008 – presentEntity: ATSPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: Financial Settling CenterPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: Non-Profit Partnership of Guaranteeing Suppliers and Power SuppliersPosition: member of the Supervisory BoardPeriod: 2008 – presentEntity: Design & Research Institute of Power Systems and Networks ENERGOSETPROJECTPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO Russian Fuel CompanyPosition: member of the Board of Directors139

Period: 2008 – presentEntity: OAO IDGC of the UralsPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IDGC of SiberiaPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IDGC of NorthwestPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IDGC of the Center and VolgaPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IDGC of VolgaPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IDGC of SouthPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IDGC of the CenterPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO TyumenenergoPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO RosgazifikatsiyaPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO KuzbassenergoPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO IrkutskenergoPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: Inter-Regional Exchange of Oil-and-Gas ComplexPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO YuSKPosition: member of the Board of Directors140

Period: 09.2008 – presentEntity: OOO RN-EnergoPosition: Director GeneralPeriod: 2004 – July 2008Entity: the Ministry of Industry and Trade of the Russian FederationPosition: Deputy Director of the Department for Structural and Investment Policy in Productionand Power Sectors, Director of the Department for Structural and Tariff Policy in NaturalMonopolies, Director of the Electricity Industry DepartmentPeriod: 2001 –2004Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Head of the Department for the Restructuring of Natural MonopoliesStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.8. Mikhail Yuryevich KurbatovYear of birth: 1981Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: August 2004 – presentEntity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Director of the Department for State Tariff Regulation, Infrastructural Reforms andEnergy Efficiency141

Period: June 2008 – presentEntity: JSC FGC UESPosition: member of the Board of DirectorsPeriod: June 2008 – presentEntity: System Operator of the United Power SystemPosition: member of the Board of DirectorsPeriod: April 2008 – presentEntity: OAO Territorial Generation Company No. 5Position: member of the Board of DirectorsPeriod: May 2006 – presentEntity: OAO Sangtudinskaya HPP-1Position: member of the Board of DirectorsPeriod: November 2007 – presentEntity: Administrator of Trading System of the Wholesale Power MarketPosition: member of the Board of DirectorsPeriod: June 2007 – presentEntity: OAO IrkutskenergoPosition: member of the Board of DirectorsPeriod: February 2007 – presentEntity: Non-Profit Partnership of Guaranteeing Suppliers and Power SuppliersPosition: member of the Supervisory BoardPeriod: June 2007 – June 2008Entity: RAO UES of RussiaPosition: Chairman of the Internal Audit CommissionPeriod: June 2006 – June 2008Entity: OAO RazHPP, ArmeniaPosition: member of the Board of DirectorsPeriod: December 2003 – May 2004Entity: OOO Alfa-Integrator-BAAN CISPosition: consultantStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.142

Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.9. Yury Mitrofanovich MedvedevYear of birth: 1949Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: June 2008– presentEntity: OAO ROSNEFTEGAZPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: SO – CDAPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO RusHydroPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO VEGA Radio Engineering CorporationPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO Almaz-AnteyPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO SovcomflotPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: Viet Nam-Russia Joint Venture (Vietsovpetro)Position: member of the Council of the joint venturePeriod: 2007 – presentEntity: JSC FGC UESPosition: Chairman of the Board of DirectorsPeriod: 2007 – present143

Entity: OAO VTB BankPosition: member of the Supervisory BoardPeriod: 2007 – presentEntity: OAO Russian Agricultural BankPosition: member of the Supervisory BoardPeriod: 2006 – presentEntity: OAO Mineral Waters of the Stavropol TerritoryPosition: member of the Board of DirectorsPeriod: 2005 – presentEntity: OAO KavminkurortresursyPosition: member of the Board of DirectorsPeriod: 2005 – presentEntity: OAO IrkutskenergoPosition: Chairman of the Board of DirectorsPeriod: May 2004 – presentEntity: the Federal Agency for Management of Federal Property of the Russian FederationPosition: Deputy ManagerPeriod: 2002 – May 2004Entity: the Ministry of Property Relations of the Russian FederationPosition: First Deputy MinisterStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.10. Gleb Sergeyevich NikitinYear of birth: 1977Education: higher educationPositions during the past 5 years:144

Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: 2006 – presentEntity: OAO AeroflotPosition: member of the Board of DirectorsPeriod: 2006 – presentEntity: OJSC Oil Company RosneftPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO Novorossiysk Center of Grain ProductionPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO SovcomflotPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: SO UPS, JSCPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO Kristall Production CorporationPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO Almaz-Antey Air Defense ConcernPosition: member of the Board of DirectorsPeriod: 2004 – June 2008Entity: OAO ROSNEFTEGAZPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: Federal Property Management AgencyPosition: Deputy ManagerPeriod: 2004 – 2008Entity: Federal Property Management AgencyPosition: Head of the Division for Management of Property of Commercial Sector Entities,Deputy Manager for Federal Property ManagementPeriod: 2002 – 2004Entity: St. Petersburg City Property Management CommitteePosition: Head of the State Property Management Division145

Stake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.11. Andrei Natanovich RappoportYear of birth: 1963Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO Eastern Energy CompanyPosition: member of the Board of DirectorsPeriod: 2006 – presentEntity: OAO Sangtudinskaya HPP-1Position: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO Center for United Power System Engineering and Construction ManagementPosition: Chairman of the Board of DirectorsPeriod: 2008 – presentEntity: OAO Specialized Power Grid Service Company of the Unified National Electric GridPosition: Chairman of the Board of DirectorsPeriod: 2008 – presentEntity: OAO Main Power Grid Service Company of the Unified National Electric GridPosition: Chairman of the Board of DirectorsPeriod: 2008 – present146

Entity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: ZAO Electric Grids of Armenia (Yerevan, Armenia)Position: Chairman of the Board of DirectorsPeriod: 2007 – presentEntity: OAO IDGC of SouthPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: TGR ENERJI ELEKTRIK TOPTAN TICARET A.S.Position: Chairman of the Board of DirectorsPeriod: February 2005 – presentEntity: OAO Moscow United Electric Grid CompanyPosition: member of the Board of DirectorsPeriod: 2005 – presentEntity: OAO RusHydroPosition: member of the Board of DirectorsPeriod: 2005 – presentEntity: AES – Telasi, Tbilisi, GeorgiaPosition: member of the Board of DirectorsPeriod: 2005 – 2008Entity: ZAO Armenian NPP, Yerevan, ArmeniaPosition: Chairman of the Board of DirectorsPeriod: 2005 – 2007Entity: RAO Nordic OYPosition: member of the Board of DirectorsPeriod: 2004 – presentEntity: SO – CDAPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: System Operator of the United Power SystemPosition: member of the Board of DirectorsPeriod: 2004 – presentEntity: AO GruzRosenergo IPSPosition: member of the Supervisory BoardPeriod: 2004 – presentEntity: INTER RAO UESPosition: member of the Board of DirectorsPeriod: 2004 – 2008Entity: RAO UES International Balkans147

Position: member of the Board of DirectorsPeriod: March 2004 – June 2008Entity: RAO UES of RussiaPosition: member of the Management BoardPeriod: 2004 – 2007Entity: OAO IDGC of the Center and North CaucasusPosition: member of the Board of DirectorsPeriod: 2004 – 2008Entity: JSC FGC UESPosition: member of the Board of DirectorsPeriod: 1998 – presentEntity: JSC FGC UESPosition: Chairman of the Management BoardPeriod: 1998 – March 2004Entity: RAO UES of RussiaPosition: Deputy Chairman of the Management BoardStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.12. Seppo Juha RemesYear of birth: 1955Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of Directors148

Period: 2008 – presentEntity: JSC FGC UESPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO Kirov WorksPosition: member of the Board of Directors, Chairman of the Audit CommitteePeriod: 2007 – presentEntity: OJSC SIBUR HoldingPosition: member of the Board of Directors, Chairman of the Audit Committee, member of theFinance CommitteePeriod: 2008 – presentEntity: Russian Corporation of NanotechnologiesPosition: Member of the Investment Policy Committee of the Supervisory BoardPeriod: 2004 – presentEntity: OAO Severstal-avtoPosition: member of the Board of Directors, Chairman of the Audit CommitteePeriod: 2005 – presentEntity: OAO Sixth Generation Company of the Wholesale Electricity MarketPosition: member of the Board of Directors, Chairman of the Audit Committee, member of theInvestment CommitteePeriod: 2008 – presentEntity: OOO KiuruPosition: Director GeneralPeriod: 2008 – presentEntity: OAO IDGC of NorthwestPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO IDGC of VolgaPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO IDGC of the Center and Volga RegionPosition: member of the Board of DirectorsPeriod: 2003 – presentEntity: Investor Protection AssociationPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: OAO RusHydroPosition: member of the Board of Directors, Chairman of the Nomination and RemunerationCommitteePeriod: 2008 – present149

Entity: OAO LSR GroupPosition: member of the Board of Directors, Chairman of the Audit CommitteePeriod: 2004 – presentEntity: PONSSE Oyj EOS Russia (Finish public company)Position: member of the Board of DirectorsPeriod: 2007 – presentEntity: FIM Financial ServicesPosition: DirectorPeriod: 2004 – presentEntity: Finnish Fund Sitra (Finnish National Fund for Research and Development under thesupervision of the Finnish Parliament)Position: Senior AdvisorPeriod: 2004 – presentEntity: ZAO FIM Financial ServicesPosition: Senior Advisor, member of the Board of DirectorsPeriod: 2004 – presentEntity: Kiuru Partners LLC, consulting firmPosition: PresidentPeriod: 2002 – presentEntity: OAO Obiedinennye Mashinostroitelnye ZavodyPosition: member of the Board of Directors, Chairman of the Audit CommitteePeriod: 2007 – 2008Entity: System Operator – Centralized Dispatching AdministrationPosition: member of the Board of DirectorsPeriod: 2003 – 2004; 2005 – June 2008Entity: RAO UES of RussiaPosition: member of the Board of DirectorsPeriod: 2001 – June 2008Entity: RAO UES of RussiaPosition: member of the Strategy and Reforming Committee under the Board of DirectorsPeriod: 2002 – June 2008Entity: RAO UES of RussiaPosition: member of the Valuation Committee of the Board of DirectorsPeriod: 2003 – June 2008Entity: RAO UES of RussiaPosition: Chairman of the Audit Committee of the Board of DirectorsPeriod: 2003 – 2007Entity: European Business ClubPosition: member of the Board of Directors, member of the Council of National RepresentativesPeriod: 2004 – 2006150

Entity: Finnish Institute under the Finnish ParliamentPosition: Senior Advisor to the ChairmanPeriod: 2003 – 2004Entity: Vostok Nafta Investment LtdPosition: DirectorPeriod: 2002 – 2004Entity: OAO Kostromskaya TPPPosition: member of the Board of DirectorsPeriod: 2002 – 2004Entity: OAO KalugaenergoPosition: member of the Board of DirectorsPeriod: 2002 – 2004Entity: OAO TulenergoPosition: member of the Board of DirectorsPeriod: 2002 – 2004Entity: OAO KirovenergoPosition: member of the Board of DirectorsPeriod: 2002 – 2004Entity: OAO UdmurtenergoPosition: member of the Board of DirectorsPeriod: 2002 – 2004Entity: OAO PskovenergoPosition: member of the Board of DirectorsStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.151

13. Yakov Moiseyevich UrinsonYear of birth: 1944Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: June 2008 – presentEntity: OAO RusHydroPosition: member of the Board of DirectorsPeriod: June 2008 – presentEntity: INVEL Non-Profit PartnershipPosition: Chairman of the Supervisory BoardPeriod: June 2008 – presentEntity: ZAO Corporate Power Engineering University Management CompanyPosition: Chairman of the Supervisory BoardPeriod: May 2008 – presentEntity: OAO Krzhizhanovsky Power Engineering InstitutePosition: Chairman of the Board of DirectorsPeriod: April 2008 – presentEntity: Corporate Educational and Scientific Center of the United Power System (Non-ProfitPartnership)Position: Chairman of the Supervisory BoardPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: June 2005 – presentEntity: ZAO Agency for Power Balance ForecastingPosition: Chairman of the Board of DirectorsPeriod: March 2005 – presentEntity: Energy Carbon FundPosition: Chairman of the Council of the Fund and PresidentPeriod: April 2001 – presentEntity: Electricity Industry Non-Governmental Pension FundPosition: Chairman of the Council of the FundPeriod: January 1999 – June 2008Entity: RAO UES of RussiaPosition: Deputy Chairman of the Management BoardStake held by such individual in the authorized capital of the issuer: 0.0262%Percentage of the issuer’s ordinary shares owned by such individual: 0.0275%152

Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.14. Viktor Borisovich KhristenkoYear of birth: 1957Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: INTER RAO UESPosition: member of the Board of DirectorsPeriod: 2008 – presentEntity: OAO United Shipbuilding CorporationPosition: member of the Board of DirectorsPeriod: 2007 – presentEntity: Russian Corporation of NanotechnologiesPosition: member of the Board of DirectorsPeriod: 2006 – presentEntity: OOO International Consortium for Management and Development of Gas TransportationSystem of UkrainePosition: member of the Council of ParticipantsPeriod: 2005 – presentEntity: OAO KAMAZPosition: member of the Board of Directors153

Period: 2005 – presentEntity: OAO RusHydroPosition: member of the Board of DirectorsPeriod: 2004 – presentEntity: SO – CDAPosition: member of the Board of DirectorsPeriod: 2004 – presentEntity: OAO TransneftPosition: member of the Board of DirectorsPeriod: March 2004 – presentEntity: the Ministry of Industry and Trade of the Russian FederationPosition: MinisterPeriod: 2002 – presentEntity: JSC FGC UESPosition: member of the Board of DirectorsPeriod: 2000 – presentEntity: OAO GazpromPosition: member of the Board of DirectorsPeriod: 2003 – June 2008Entity: RAO UES of RussiaPosition: Member of the Board of DirectorsPeriod: February 25, 2004 – March 5, 2004Entity: Government of the Russian FederationPosition: acting Chairman of the Government of the Russian FederationPeriod: 2003 – February 2004Entity: Government of the Russian FederationPosition: First Deputy Chairman, Deputy Chairman of the Government of the Russian FederationStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.154

Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.15. Ilya Arturovich YuzhanovYear of birth: 1960Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Board of DirectorsPeriod: June 1, 1999 – May 31, 2004Entity: the Russian Federation Ministry for Antimonopoly Policy and Support ofEntrepreneurshipPosition: MinisterPeriod: June 1, 2004 – June 30, 2008Entity: RAO UES of RussiaPosition: member of the Board of Directors, chairman of the Valuation CommitteePeriod: December 15, 2004 – November 28, 2006Entity: Joint-Stock Investment Commercial Bank NOVAYA MOSKVA (Closed Joint-StockCompany)Position: Chairman of the Supervisory BoardPeriod: November 28, 2006 – presentEntity: OAO NOMOS-BANKPosition: member of the Supervisory BoardPeriod: June 16, 2006 – presentEntity: UralkaliPosition: member of the Board of DirectorsPeriod: June 2, 2006 – presentEntity: OAO NovatekPosition: member of the Board of DirectorsPeriod: December 30, 2006 – November 15, 2007Entity: OAO Kirov WorksPosition: Member of the Board of DirectorsPeriod: September 25, 2008 – presentEntity: OAO PolymetalPosition: member of the Board of DirectorsPeriod: June 30, 2000 – June 30, 2008Entity: RAO UES of RussiaPosition: member of the Board of Directors155

Period: June 27, 1999 – June 28, 2003Entity: OAO GazpromPosition: member of the Board of DirectorsPeriod: 2003 – 2004Entity: Russian RailwaysPosition: member of the Board of DirectorsPeriod: December 15, 2004 – November 28, 2006Entity: Joint-Stock Investment Commercial Bank NOVAYA MOSKVA (Closed Joint-StockCompany)Position: Chairman of the Supervisory BoardPeriod: November 28, 2006 – presentEntity: Joint-Stock Investment Commercial Bank NOVAYA MOSKVA (Closed Joint-StockCompany)Position: member of the Supervisory BoardPeriod: 2003 – 2004Entity: OAO NOMOS-BANKPosition: member of the Supervisory BoardStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.Information about the sole executive body of JSC IDGC Holding:1. Alexander Ivanovich KazakovYear of birth: 1948Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC Holding156

Position: Director General, member of the Board of DirectorsPeriod: August 2007 – June 2008Entity: JSC FGC UESPosition: Deputy Chairman of the Management BoardPeriod: December 2005 – August 2007Entity: OAO Moscow Power Grid Management CompanyPosition: Director GeneralPeriod: December 2001 – December 2005Entity: Council of Federation of the Federal Assembly of the Russian FederationPosition: Chairman of the Council of the Federation Committee on Federal Affairs and RegionalPoliciesStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.6.3. Information Concerning the Amount of Remuneration, Benefits and/or Reimbursementof Expenses for Each Management Body of JSC IDGC HoldingInformation concerning the remuneration of the issuer’s management bodies is notspecified herein since the issuer was established on July 1, 2008. As of the date of approval ofthe securities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.Agreements for the remuneration of members of the Board of Directors as of the date ofapproval of the securities prospectus: N/A.6.4. Information Concerning the Structure and Authority of Bodies Exercising Control of theFinancing and Economic Activities of JSC IDGC HoldingFull description of the structure of bodies exercising control of the issuer’sfinancing and economic activities and their authority as specified in the Articles ofAssociation of the issuer:In accordance with Article 14 of the Articles of Association of the issuer the GeneralMeeting of Shareholders elects the Internal Audit Commission of the Company until the nextannual General Meeting of Shareholders to exercise control of the financing and economicactivities of the Company.157

The Internal Audit Commission of the Company is composed of 5 (five) members.The Internal Audit Commission of the Company is authorized to:1) confirm the reliability of data contained in the annual report, balance sheet and incomestatement of the Company;2) analyze the Company’s financial standing, identify reserves to improve the Company’sfinancial standing and develop recommendations for the management bodies of the Company;3) organize and conduct audits (inspections) of the financing and economic activities of theCompany, namely:− audit (inspect) financial, accounting, payment and other documentation of the Companyrelated to the financing and economic activities performed by the Company as to its compliancewith the laws of the Russian Federation, the Articles of Association, internal and otherdocuments of the Company;− control the preservation and use of fixed assets;− control compliance with the approved procedure for charging the debts owed byinsolvent debtors to the Company’s losses;− control the spending of the Company’s funds in accordance with the approved businessplan and budget of the Company;− control the formation and use of reserve and other special funds of the Company;− check the correctness and timeliness of the accrual and payment of dividend on theCompany’s shares, bond interest and yield on other securities;− check the execution of earlier directives on the elimination of breaches and drawbacksidentified by previous audits (inspections);4) other actions (activities) related to the inspection of the Company’s financing andeconomic activities.All resolutions on issues falling within the jurisdiction of the Internal Audit Commissionare adopted by a simple majority of total number of votes cast by its members.The Internal Audit Commission of the Company is entitled or (if any significant breachesin the financing and economic activities of the Company are identified) obliged to request thatthe extraordinary general meeting of the Company be convened.The operating procedures of the Internal Audit Commission of the Company are specifiedin the internal document of the Company approved by the General Meeting of Shareholders ofthe Company.Upon request from the Internal Audit Commission of the Company, individualsoccupying positions with the management bodies of the Company are obliged to submitdocuments on the financing and economic activities of the Company.The financing and economic activities of the Company may be audited (inspected) at anytime at the sole discretion of the Internal Audit Commission of the Company, pursuant to theresolution of the General Meeting of Shareholders, the Board of Directors of the Company orupon request from the shareholder(s) of the Company owning at least a total of 10 percent ofvoting shares in the Company.Information concerning the system of internal control of the issuer’s financing andeconomic activities:Information concerning the existence, period of existence and key employees of theinternal control function.Internal control functions are imposed by the issuer on the Internal Audit Department,which is the internal audit division.The Internal Audit Department was established for an indefinite term.Key employees of the Internal Audit Department: the Internal Audit Department manageris S. B. Sidorov.The Internal Audit Department is composed of two units:− Audit Organization and Conducting Unit;− Investing Activities Control Unit.158

Key roles of the Internal Audit Department:1.Control of the financing and economic activities подsectionений of the Company, itssubsidiaries/dependent companies and their branches for the purpose of:1.1. preventing, identifying, suppressing and eliminating the implications of breaches inthe management of monetary and financial resources causing direct or indirect financial and/ormaterial damage to the Company;1.2. determining the acceptability of any given actions and procedures aimed atimplementing investment projects and increasing the attractiveness of the Company to investors.2. Identification and mobilization of internal business potential of the Company and itsfurther development;3. Ensuring the effective functioning of internal control system of the Company and itssubsidiaries/dependent companies, the Company’s compliance with the requirements of federallaws and the regulations of the Company and its subsidiaries/dependent companies;4. Monitoring of risk management. Control of changes in characteristics and theeffectiveness of risk management activities;5. Participation in developing the internal documents of the Company. Preparation ofproposals for the amendment of the Company’s regulations and recommendations for improvingthe efficiency of internal control and risk management systems;6. Assessment of the efficiency of risk management system;7. Audit of the system of enforcement of the resolutions adopted by the General Meeting ofShareholders and the Board of Directors of the Company;8. Interaction with the Internal Audit Commission of the Company, itssubsidiaries/dependent companies and external auditors;9. Control of compliance of the Company’s functions with the requirements of the internaldocuments of the Company;10. Preparation of reports on the results of audit and identified breaches for considerationby the Boards of Directors of subsidiaries/dependent companies;11. Study of domestic and foreign experience on issues falling within the jurisdiction of theInternal Audit Department.Reporting of the Internal Audit Department:In administrative terms, the Internal Audit Department reports to the Director General ofthe Company in accordance with the organizational structure of the Company.Interaction with the executive management bodies of the issuer and the Board ofDirectors (Supervisory Board) of the issuer:As of the date of approval of this securities prospectus, the Internal Audit Departmentinteracts with the sole executive body (Director General of the Company).The Internal Audit Department will interact with the Board of Directors of the Companythrough the Audit Committee of the Board of Directors after it is established by the Company.Interaction between the internal audit function and the external auditor of the issuer:The internal audit function and the external auditor of the issuer interact by exchanginginformation to assess the company’s activities.Information concerning the issuer’s internal document specifying the rules forpreventing the use of confidential (insider) information:The internal document specifying the rules for preventing the use of confidential (insider)information as of the date of approval of the securities prospectus by the issuer is being draftedand is planned to be approved by the Board of Directors of the Issuer on November 21, 2008.Once it is approved by the duly authorized body of the Issuer, it will be published on the Internetat: http://www.e-disclosure.ru/portal/company.aspx?id=13806159

6.5. Information Concerning Individual Members of Bodies Exercising Control of theFinancing and Economic Activities of JSC IDGC HoldingInformation about members of the Internal Audit Commission:1. Andrei Sergeyevich FominYear of birth: 1980Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Internal Audit CommissionPeriod: 2007 – presentEntity: the Ministry of Industry and Energy of the Russian FederationPosition: Leading Advisor to a Unit of the Department for Investment and Innovative Policy,Deputy Head of a Unit of the Department for the Industrial Policy of the GovernmentPeriod: 2005 – 2007Entity: Federal Property Management Agency of the Russian FederationPosition: 1 st Category Specialist, Principal Specialist, Advisor to a Unit of the Division forManagement of Property of Commercial Sector EntitiesPeriod: 2003 – 2004Entity: Institute of Comparative Political Science of the Russian Academy of Sciences, ZAOCenter of Political TrendsPosition: ExpertStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.2. Sergei Borisovich Sidorov160

Year of birth: 1952Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Internal Audit CommissionPeriod: June 1, 2004 – June 30, 2008Entity: RAO UES of RussiaPosition: head of the Internal Audit Department of the Corporate CenterPeriod: 1999 – May 31, 2004Entity: RAO UES of RussiaPosition: head of the Financial Audit DepartmentStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.3. Viktor Yurievich LebedevYear of birth: 1980Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Internal Audit CommissionPeriod: July 2008 – presentEntity: RAO Energy Systems of the EastPosition: member of the Internal Audit CommissionPeriod: 2008 – present161

Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Head of the Unit for Restructuring of Energy Industry and Housing and Public ServicesPeriod: 2007 – 2008Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Deputy Head of the Unit, Head of the Unit for Restructuring of Energy Industry andHousing and Public ServicesPeriod: 2006 – 2007Entity: the Ministry for Economic Development and Trade of the Russian FederationPosition: Principal Specialist of the Unit for Restructuring of Energy Industry and Housing andPublic ServicesPeriod: 2005 – 2006Entity: OOO Nor AvtoPosition: DirectorPeriod: 2004 – 2005Entity: OOO Norvek AvtoPosition: Assistant to Director GeneralPeriod: 2003 – 2006Entity: Saint Petersburg Trade and Economics InstitutePosition: postgraduate student and assistant, Economics and Management ChairStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.4. Viktoria Vladimirovna OseledkoYear of birth: 1976Education: higher educationPositions during the past 5 years:Period: July 2008 – present162

Entity: JSC IDGC HoldingPosition: member of the Internal Audit CommissionPeriod: 2007 – June 30, 2008Entity: RAO UES of RussiaPosition: member of the Internal Audit CommissionPeriod: 2004 – presentEntity: the Ministry of Industry and Energy of the Russian FederationPosition: Deputy Head of a Unit of the Financial Control and Audit Department, Head of a Unitof the Department for Investment and Innovative Policy, Deputy Director of the Department forthe Industrial Policy of the GovernmentPeriod: 2002 – 2004Entity: the Ministry of Property Relations of the Russian FederationPosition: Leading Specialist, Principal Specialist, Consultant, Head of a Unit of the FinancialControl and Audit DepartmentStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.5. Alexander Borisovich RutenbergYear of birth: 1947Education: higher educationPositions during the past 5 years:Period: July 2008 – presentEntity: JSC IDGC HoldingPosition: member of the Internal Audit CommissionPeriod: 2007 – June 30, 2008Entity: RAO UES of RussiaPosition: Deputy Chairman of the Internal Audit Commission163

Period: 2005 – presentEntity: Federal Energy Agency of the Russian FederationPosition: Deputy Division ManagerPeriod: 2004 – 2005Entity: Federal Energy Agency of the Russian FederationPosition: Unit ManagerPeriod: 2002 – 2004Entity: Ministry of Energy of the Russian FederationPosition: Unit ManagerStake held by such individual in the authorized capital of the issuer: 0%Percentage of the issuer’s ordinary shares owned by such individual: 0%Number of the issuer’s shares of each category (type) which may be acquired by such individualas a result of exercising the rights to the issuer’s options: 0 shares.Stake held by such individual in the authorized capital of the subsidiaries/dependent companiesof the issuer: 0%Percentage of ordinary shares in the subsidiary/dependent company of the issuer owned by suchindividual: 0%Number of shares in the subsidiary or dependent company of the issuer representing eachcategory (type) which may be acquired by such individual as a result of exercising the rights tothe options of the subsidiary or dependent company of the issuer: 0 shares.Family relations with other Individual Members of the Issuer’s Management Bodies and/orbodies exercising control of the Issuer’s Financing and Economic Activities: N/AInformation concerning the imposition of administrative sanctions against such individual for theviolations of law in the area of finance, taxes and dues, securities market or criminal sanctions(criminal record) for crimes in the field of economics or offences against the state: N/A.Information concerning the positions held by such individual in the management bodies ofbusiness entities when bankruptcy proceedings were initiated against the above-mentionedentities and/or one of the bankruptcy procedures provided by the insolvency (bankruptcy) lawsof the Russian Federation was introduced: N/A.6.6. Information Concerning the Amount of Remuneration, Benefits and/or Reimbursementof Expenses for the Body Exercising Control of the Financing and Economic Activities of JSCIDGC HoldingInformation concerning the remuneration of the body exercising control of the issuer’sfinancing and economic activities is not specified herein since the issuer was established on July1, 2008. As of the date of approval of the securities prospectus, the accounting statements forquarter 3 of 2008 are not yet due.No agreements for such payments in the present fiscal year were executed.6.7. Data Concerning Headcount and High-Level Data Concerning the Education andComposition of Personnel (Employees) of JSC IDGC Holding and Changes in the Employee(Personnel) Headcount of JSC IDGC HoldingData concerning headcount and high-level data concerning the education and composition of theissuer’s personnel (employees) are not specified herein since the issuer was established on July1, 2008. As of the date of approval of the securities prospectus, the accounting statements forquarter 3 of 2008 are not yet due.Information Concerning Employees Who Have a Material Impact on the Financing andEconomic Activities of JSC IDGC Holding (Key Employees)164

Employees who have a material impact on the issuer’s financing and economic activities otherthan those listed in paragraphs 6.2 and 6.5 of this securities prospectus: not applicable.Information concerning the trade unionNot applicable.6.8. Information Concerning Any Obligations of JSC IDGC Holding to Its Employees(Personnel) Regarding Their Possible Participation in the Authorized Capital of JSC IDGCHoldingAgreements or obligations of the issuer regarding possible participation of the issuer’semployees (personnel) in its authorized capital: not applicable.The issuer’s options were not and may not be provided to the employees (personnel) of theissuer.165

VII. Information Concerning Participants in (Shareholders of) JSC IDGC Holding andRelated-Party Transactions Executed by the Issuer7.1. Information Concerning Total Number of Participants in (Shareholders of) JSC IDGCHoldingTotal number of entities and individuals registered in the issuer’s shareholder register as ofOctober 27, 2008 (date of approval of this securities prospectus): 287,372.Total number of nominee holders of the issuer’s shares from among the entities and individualsregistered in the issuer’s shareholder register as of October 27, 2008 (date of approval of thissecurities prospectus): 29.7.2. Information Concerning Participants in (Shareholders of) JSC IDG Owning at Least 5Percent of Its Authorized Capital or at Least 5 Percent of Its Ordinary Shares; InformationConcerning Participants in (Shareholders of) Such Entities Owning at Least 20 Percent of theTheir Authorized Capital or at Least 20 Percent of Their Ordinary SharesInformation concerning entities owning at least 5 percent of the issuer’s authorized (share)capital (unit trust) or at least 5 percent of the issuer’s ordinary sharesFull and short corporate names (for corporateentities from among profit-making organizations),name (for corporate entities from among non-profitmaking organizations); last name, first name,patronymic (for individuals)Russian Federation represented by theFederal Agency for Management ofFederal Property (Rosimushchestvo)Taxpayer Identification Number (if applicable) 7710144747Location (for corporate entities) 103685, Moscow, Nikolsky per., d. 9Stake held by the issuer’s participant (shareholder) 52.6832 %in the authorized capital of the issuerPercentage of the issuer’s ordinary shares owned by 54.9924 %the participant (shareholder)Individuals owning at least 20 percent of the N/Aauthorized (share) capital (unit trust) of thisparticipant (shareholder)Individuals owning at least 20 percent of ordinary N/Ashares of this participant (shareholder)Information concerning nominee holders of the issuer’s shares registered in the issuer’sshareholder register accounting for at least 5 percent of the issuer’s authorized capital or atleast 5 percent of the issuer’s ordinary shares1.Full and short corporate names (for corporateentities from among profit-making organizations),name (for corporate entities from among non-profitmaking organizations); last name, first name,patronymic (for individuals)Taxpayer Identification Number (if applicable) 7729520219Depositary and Corporate TechnologiesLimited Liability Company (OOODepositary and Corporate Technologies)Location (for corporate entities) 119607, Moscow, ul. Ramenki, d. 17,korp. 1166

Stake held by the issuer’s participant (shareholder)in the authorized capital of the issuerPercentage of the issuer’s ordinary shares owned bythis participant (shareholder)18.2919 % (nominee holder)17.0120 % (nominee holder)2.Full and short corporate names (for corporateentities from among profit-making organizations),name (for corporate entities from among non-profitmaking organizations); last name, first name,patronymic (for individuals)Depositary Clearing Company (ClosedJoint-Stock Company) (ZAO DCC)Taxpayer Identification Number (if applicable) 7710021150Location (for corporate entities) 115162, Moscow, ul. Shabolovka, d. 31,str. B.Stake held by the issuer’s participant (shareholder) 15.9333 % (nominee holder)in the authorized capital of the issuerPercentage of the issuer’s ordinary shares owned by 15.8843 % (nominee holder)this participant (shareholder)3.Full and short corporate names (for corporateentities from among profit-making organizations),name (for corporate entities from among non-profitmaking organizations); last name, first name,patronymic (for individuals)Not-for-Profit Partnership The NationalDepository Center (NDC)Taxpayer Identification Number (if applicable) 7706131216Location (for corporate entities) Moscow, Sredny Kislovsky per., d. 1/13,str. 4Stake held by the issuer’s participant (shareholder) 7.1178 % (nominee holder)in the authorized capital of the issuerPercentage of the issuer’s ordinary shares owned by 6.4181 % (nominee holder)this participant (shareholder)7.3. Information Concerning the Stake Held by the Government or Municipality in theAuthorized Capital of the IssuerStake in the authorized (share) capital (unit trust) of the issuerheld by the government (federal government, constituententities of the Russian Federation)Full corporate name (for corporate entities from amongprofit-making organizations) or name (for corporate entitiesfrom among non-profit making organizations), location orfull name (for individuals) of the government stake managerand the individual acting as the issuer’s participant(shareholder) on behalf of the Russian Federation, constituententity of the Russian FederationStake in the authorized (share) capital (unit trust) of the issuerowned by municipalities52.6832 % (federal ownership)represented by the FederalAgency for Management ofFederal Property103685, Moscow, Nikolsky per.,d. 90.0086%Full corporate name (for corporate entities from among Chukotka Autonomous District167

profit-making organizations) or name (for corporate entitiesfrom among non-profit making organizations), location orfull name (for individuals) of the municipality-owned stakemanager and the individual acting as the issuer’s participant(shareholder) on behalf of the municipalitySpecial right of participation of the Russian Federation,constituent entities of the Russian Federation andmunicipalities in managing the issuer (joint-stock company)("golden share"), duration of special right ("golden share")represented by the dulyauthorized body (Department ofFinance, Economics andProperty Relations of theChukotka Autonomous District)689000, Chukotka AutonomousDistrict, Anadyr, ul. Otke, 2Not applicable7.4. Information Concerning Restrictions on Participation in the Issuer’s Authorized (Share)Capital (Unit Trust)Restrictions on the number of shares per shareholder and/or their total par value and/ormaximum number of votes per shareholder as specified in the Articles of Association of theIssuer: not applicable.Restrictions on the stake held by foreign entities in the authorized capital of the issuer set by thelaws of the Russian Federation or other regulations of the Russian Federation: not applicable.Other restrictions related to participation in the issuer’s authorized (share) capital (unit trust): notapplicable.7.5. Information Concerning Changes in the Composition and Value of Stakes Held by theShareholders of (Participants in) JSC IDGC Holding Owning at Least 5 Percent of ItsAuthorized Capital or at Least 5 Percent of Its Ordinary SharesInformation concerning changes in the composition and value of stakes held by theissuer’s shareholders owning at least 5 percent of its authorized capital or at least 5 of itsordinary shares is not specified herein since the issuer was established on July 1, 2008, and nogeneral meetings of shareholders have been convened or held since its establishment.7.6. Information Concerning Related-Party Transactions Executed by the IssuerInformation concerning related-party transactions executed by the issuer is not specifiedherein since the issuer was established on July 1, 2008. As of the date of approval of thesecurities prospectus, the accounting statements for quarter 3 of 2008 are not yet due.7.7. Information Concerning the Value of Accounts ReceivableInformation for the 5 most recently closed fiscal years or each closed fiscal year is notspecified herein since the issuer was established on July 1, 2008.Provided below are the indicators specified in the initial balance sheet of the issuer as ofJuly 1, 2008:Indicator As of July 1, 2008Total accounts receivable, rubles 12,666,164,557.45Total past due accounts receivable, rubles 0168

Breakdown of the issuer’s accounts receivable, including maturity dates for the mostrecently closed fiscal year and the most recently closed reporting period by the date ofapproval of the securities prospectus:Information for the 5 most recently closed fiscal years or each closed fiscal year is notspecified herein since the issuer was established on July 1, 2008. The breakdown of accountspayable by the issuer is based on data from its initial balance sheet as of July 1, 2008.Type of accounts receivableMaturityMore than oneOne year or lessyearAccounts receivable from buyers and customers,62,829,761.84rubles0including past due receivables, rubles 0 ХNotes receivable, rubles 0 0including past due receivables, rubles 0 ХAccounts receivable from members (founders) withrespect to their contributions to authorized capital,rubles0 0including past due receivables, rubles 0 ХAdvance payments receivable, rubles 0 0including past due receivables, rubles 0 ХOther accounts receivable, rubles 7,758,604,513 4,844,730,282.61including past due receivables, rubles 0 ХTotal, rubles 7,821,434,274.84 4,844,730,282.61including total past due accounts, rubles 0 ХAccounts receivable by the issuer as of July 1, 2008 exclude debtors accounting for atleast 10 percent of total value of accounts receivable.VIII. Accounting Statements of JSC IDGC Holding and Other Financial Information8.1. Annual Accounting Statements of JSC IDGC HoldingThe annual accounting statements of the issuer appended to the securities prospectus consistof:a) annual accounting statements of the issuer for the three most recently closed fiscal yearspreceding the date of approval of the securities prospectus due in accordance with therequirements of laws of the Russian Federation prepared in accordance with the requirementsof laws of the Russian Federation and auditors’ report on the above-mentioned accountingstatements appended thereto:The annual accounting statements of JSC IDGC Holding were not prepared since theissuer was established on July 1, 2008. As of the date of approval of the securities prospectus,the accounting statements for quarter 3 of 2008 are not yet due. The initial balance sheet of JSCIDGC Holding and report on the audit of the initial balance sheet of JSC IDGC Holding areappended to this prospectus.b) Annual accounting statements prepared in accordance with International FinancialReporting Standards or Generally Accepted Accounting Principles in the United States:JSC IDGC Holding does not have annual accounting statements prepared in accordancewith International Financial Reporting Standards or Generally Accepted Accounting Principlesin the United States.169

8.2. Quarterly Accounting Statements of JSC IDGC Holding for the Most Recently ClosedReporting QuarterThe quarterly accounting statements of the issuer appended to the securities prospectusconsist of:a) quarterly accounting statements of the issuer for the most recently closed reportingquarter preceding the date of approval of the securities prospectus due in accordancewith the requirements of laws of the Russian Federation prepared in accordance withthe requirements of laws of the Russian Federation:The quarterly accounting statements of JSC IDGC Holding were not prepared since theissuer was established on July 1, 2008. As of the date of approval of the securities prospectus,the accounting statements for quarter 3 of 2008 are not yet due.b) quarterly accounting statements prepared in accordance with International FinancialReporting Standards or Generally Accepted Accounting Principles in the United States:JSC IDGC Holding does not have quarterly accounting statements prepared inaccordance with International Financial Reporting Standards or Generally Accepted AccountingPrinciples in the United States.8.3. Consolidated Accounting Statements of JSC IDGC Holding for the Three Most RecentlyClosed Fiscal Years or Each Closed Fiscal YearThe consolidated accounting statements of JSC IDGC Holding were not prepared sincethe issuer was established on July 1, 2008. As of the date of approval of the securitiesprospectus, the accounting statements for quarter 3 of 2008 are not yet due.8.4. Information Concerning the Issuer’s Accounting PolicyThe regulations for the accounting policy of the issuer for 2008 are approved by Order ofthe Director General of JSC IDGC Holding No. 44, dated September 5, 2008, and appended tothis Securities Prospectus.8.5. Information Concerning Total Exports and Exports as a Percentage of Total SalesThis paragraph is not completed since the issuer was established on July 1, 2008. As ofthe date of approval of the securities prospectus, the accounting statements for quarter 3 of 2008are not yet due.The issuer did not export products (goods, work, services).8.6. Information Concerning the Value of Immovable Property of JSC IDGC Holding andSignificant Changes in the Composition of Property of JSC IDGC Holding After the FinalDate of the Most Recently Closed Fiscal YearInformation concerning the value of immovable property of JSC IDGC Holding andsignificant changes in the composition of property of JSC IDGC Holding is not specified hereinsince the issuer was established on July 1, 2008. As of the date of approval of the securitiesprospectus, the accounting statements for quarter 3 of 2008 are not yet due.8.7. Information Concerning Participation of JSC IDGC Holding in Legal Proceedings ifSuch Participation Can Have a Material Impact on the Financing and Economic Activities ofJSC IDGC HoldingSince the date of state registration, the issuer has not participated in any legal proceedingsparticipation in which have a material impact on its financing and economic activities.170

IX. Detailed Information Concerning the Procedure and Conditions for the Placement ofIssue-Grade SecuritiesIn accordance with paragraph 14 of Article 22 of Federal Law No. 39-FZ "On SecuritiesMarket" dated April 22, 1996, and paragraph 4.4 of the Regulations for the Disclosure ofInformation by Issue-Grade Securities Issuers, approved by Decree of the Federal FinancialMarkets Service of Russia No. 06-117/pz-n dated October 10, 2006, this section (with theexception of paragraph 9.9 "Information Concerning Possible Changes in Stakes Held byShareholders in the Authorized Capital of the Issuer as a Result of Placement of Issue-GradeSecurities") is not completed since the securities prospectus is registered after the stateregistration of issuance of issue-grade securities.9.9. Information Concerning Possible Changes in Stakes Held by Shareholders in theAuthorized Capital of JSC IDGC Holding as a Result of Placement of Issue-Grade SecuritiesStakes held by the shareholders in the authorized capital of the issuer will not change since thisprospectus is registered after the state registration of issuance of issue-grade securities.171

X. Additional Information Concerning the Issuer and Issue-Grade Securities Placed by theIssuer10.1. Additional Information Concerning the Issuer10.1.1. Information Concerning the Value and Structure of the Issuer’s Authorized (Share)Capital (Unit Trust):Value of the issuer’s authorized capital as of the date of approval of the securities prospectus:43,116,903,368 (forty-three billion, one-hundred sixteen million, nine-hundred three thousand,three-hundred and sixty-eight) rubles.The authorized capital of the issuer is split into ordinary and preference shares:Percentage of the issuer’s ordinary shares owned by the above-mentioned individual in theauthorized capital of the issuer: 95.19 %.Total par value of ordinary shares: 41,041,753,984 (forty-one billion, forty-one million, sevenhundredfifty-three thousand, nine-hundred and eighty-four) rubles.Preference shares as a percentage of total value of the issuer’s authorized capital: 4.81%.Total par value of preference shares: 2,075,149,384 (two-billion, seventy-five million, onehundredforty-nine thousand, three-hundred and eighty-four) rubles.The issuer’s shares are not traded outside the Russian Federation in accordance with theforeign law on the securities of foreign issuers certifying the rights to the above-mentionedshares of the issuer.10.1.2. Information Concerning Changes in the Issuer’s Authorized CapitalThe authorized capital of the issuer did not change between the date on which the issuer wasestablished and the date of approval of this securities prospectus.10.1.3. Information Concerning the Establishment and Use of the Reserve Fund and OtherFunds of JSC IDGC HoldingInformation concerning the establishment and use of the reserve fund and other funds of JSCIDGC Holding is not specified herein since the issuer was established on July 1, 2008. As of thedate of approval of the securities prospectus, the accounting statements for quarter 3 of 2008 arenot yet due.10.1.4. Information Concerning the Procedure for Convening and Holding the Meetings ofthe Supreme Management Body of JSC IDGC HoldingSupreme management body of the issuer:The supreme management body of the Company is the General Meeting of Shareholders(Article 10.1 of the Articles of Association of the Company).Procedure for notifying shareholders (participants) of the upcoming meeting (session) ofthe supreme management body of the issuer:In conformity with Article 10.5 of the Articles of Association of the Issuer, notification ofthe upcoming General Meeting of Shareholders is published in the Izvestia newspaper not laterthan 30 (thirty) days prior to the date of the General Meeting of Shareholders. Notice of theupcoming extraordinary general meeting is made not later than 70 (seventy) days prior to its dateas provided for by paragraphs 10.6.2 of these Articles of Association and paragraphs 2 and 8 ofArticle 53 of the Federal Law "On Joint-Stock Companies".Notice of the upcoming General Meeting of Shareholders shall specify:172

• the full name of the Company and the location of the Company;• the form of the General Meeting of Shareholders (meeting or absentee voting);• the date, location, time of the General Meeting of Shareholders and the postal address atwhich completed ballots can be sent or (if the General Meeting of Shareholders is conductedthrough absentee voting) the final date of ballot submission for voting and the postal address atwhich completed ballots should be sent;• the date of preparation of the list of individuals entitled to participate in the GeneralMeeting of Shareholders;• the agenda of the General Meeting of Shareholders;• the procedure for reviewing the information (materials) to be submitted in the preparationfor the General Meeting of Shareholders and the address(es) for their review.In conformity with Article 10.4 of the Articles of Association of the issuer, the list ofindividuals entitled to participate in the General Meeting of Shareholders is prepared based ondata from the Company’s shareholder register.The date of preparation of the list of individuals entitled to participate in the GeneralMeeting of Shareholders may not precede the date of adoption of a resolution on holding theGeneral Meeting of Shareholders and precede the date of the General Meeting of Shareholdersby more than 50 (fifty) days or (as provided for by paragraph 10.6.2 of these Articles ofAssociation) by more than 85 (eighty-five) days.The list of individuals entitled to participate in the General Meeting of Shareholders ismade available by the Company upon request from the individuals included in this list andholding at least One (1) percent of votes. Data from documents and postal address of theindividuals included in the list are provided only with the consent of these individuals.Individuals (bodies) entitled to convene (request the convening of) the extraordinarymeeting (session) of the issuer’s supreme management body and the procedure for submitting(making) such requests:In conformity with Article 10.7.1 of the Articles of Association of the Company, theextraordinary general meeting is held pursuant to a resolution of the Board of Directors of theCompany at its sole discretion, upon request from the Internal Audit Commission of theCompany, the auditor of the Company and the shareholder(s) owning at least 10 (ten) percent ofvoting shares in the Company as of the request submission date.The extraordinary general meeting is convened by the Board of Directors of the Companyupon request from the Internal Audit Commission of the Company, auditor of the Company andthe shareholder(s) owning at least 10 (ten) percent of voting shares in the Company.The request for convening the extraordinary general meeting needs to specify the issues tobe included in the meeting agenda. The request for convening the extraordinary general meetingmay contain the wordings of resolutions on each of these issues and the proposal concerning theform of the General Meeting of Shareholders.The Board of Directors of the Company is not entitled to either change the wordings of theagenda issues or resolutions on such issues or change the proposed form of the extraordinarygeneral meeting convened upon request from the Internal Audit Commission of the Company,the auditor of the Company and the shareholder(s) owning at least 10 (ten) percent of votingshares in the Company.If the convening of the extraordinary general meeting is requested by the shareholder(s), itneeds to specify the name(s) of the shareholder(s) requesting that such meeting be convened andthe quantity and category (types) of shares owned by them.The request for convening the extraordinary general meeting is signed by the individual(s)requesting that the extraordinary general meeting be convened.Procedure for determining the date of meeting (session) of the issuer’s suprememanagement body:173

In conformity with Article 10.1 of the Articles of Association of the Issuer, the annualgeneral meeting is held on annual basis not earlier than two months and not later than six monthsfrom the fiscal year end. The date and procedure for holding the General Meeting ofShareholders, the list of materials (information) provided to the shareholders in the preparationof the General Meeting of Shareholders are specified by the Board of Directors of the Companyin accordance with the requirements of the Federal Law "On Joint-Stock Companies", otherregulations and these Articles of Association.Article 10.7.2 of the Articles of Association of the Company specifies that theextraordinary general meeting convened upon request from the Internal Audit Commission of theCompany, the auditor of the Company and the shareholder(s) owning at least 10 (ten) percent ofvoting shares in the Company needs to be held within 40 (forty) days from the submission ofrequest for holding the extraordinary general meeting.If the expected agenda of the extraordinary general meeting contains the issue related tothe election of members of the Board of Directors of the Company, such General Meeting ofShareholders needs to be held within 70 days from the submission of request for holding theextraordinary general meeting.In conformity with Article 10.7.3 of the Articles of Association of the Company, when theBoard of Directors of the Company is obliged to adopt a resolution to hold the extraordinarygeneral meeting for the election of members of the Board of Directors of the Company inaccordance with the Federal Law "On Joint-Stock Companies", such General Meeting ofShareholders needs to be held within 90 (ninety) days of the day on which the Board of Directorsof the Company adopts the resolution to hold it.Individuals entitled to make motions to the agenda of the meeting (session) of theissuer’s supreme management body and the procedure for making such motions:Article 10.6 of the Articles of Association of the Company:10.6.1. The shareholder(s) of the Company owning a total of at least 2 (two) percent ofvoting shares in the Company shall be entitled to include issues in the agenda of the annualgeneral meeting and propose candidates for election to the Board of Directors of the Companyand the Internal Audit Commission of the Company not exceeding the number of members of theCompany’s body concerned. Such proposals shall be submitted to the Company within 60 (sixty)days from the fiscal year end.10.6.2. If the proposed agenda of the extraordinary general meeting contains the issuerelated to the election of members of the Board of Directors of the Company to be elected bycumulative voting, the shareholder(s) of the Company owning a total of at least 2 (two) percentof voting shares in the Company shall be entitled to propose candidates for election to the Boardof Directors of the Company not exceeding the number of members of the Board of Directors ofthe Company. Such proposals shall be submitted to the Company not later than 30 (thirty) daysprior to the date of the extraordinary general meeting.10.6.3. The proposal for including issues in the agenda of the General Meeting ofShareholders of the Company and candidate proposal shall be submitted in writing and specifythe name of the submitting shareholder(s), the quantity and category (type) of shares owned bythem and shall be signed by the shareholder(s).10.6.4. The proposal for including issues in the agenda of the General Meeting ofShareholders of the Company shall contain the wording of each proposed issue; candidateproposal, the name of each proposed candidate and the details of the identity document (passportseries and/or number, date and place of issue, issuing authority) of each proposed candidate,name of the body for election to which he/she is proposed. The proposal for including issues inthe agenda of the General Meeting of Shareholders may contain the wording of resolution oneach proposed issue.174

Individuals entitled to review the information (materials) submitted for the preparationand holding of the meeting (session) of the issuer’s supreme management body аnd theprocedure for reviewing such information (materials):In conformity with paragraph 3 of Article 52 of the Federal Law "On Joint-StockCompanies", 20 days or (if the agenda of the General Meeting of Shareholders to be heldcontains the issue of reorganization of the Company) 30 days prior to the General Meeting ofShareholders information (materials) need(s) to be made available to the individuals entitled toparticipate in the General Meeting of Shareholders for review in the office of the Company’sexecutive body and other places at the addresses specified in the notice of the upcoming GeneralMeeting of Shareholders.The above-mentioned information (materials) need to be available to the individualsentitled to participate in the General Meeting of Shareholders during the meeting.Upon request from the individual entitled to participate in the General Meeting ofShareholders, the Company is obliged to provide copies of the above-mentioned documents tosuch individual. The fee charged by the Company for the provision of these copies may notexceed costs in connection with making them.Procedure for announcing (communicating to the issuer’s shareholders) the resolutionsadopted by the supreme management body of the issuer and vote results:In conformity with Article 10.13 of the Articles of Association of the Company, theresolutions adopted by the General Meeting of Shareholders and vote results are announced atthe General Meeting of Shareholders. Vote report is published in the Izvestia newspaper within10 (ten) days from the vote protocol preparation.10.1.5. Information Concerning Profit-Making Organizations in Which JSC IDGC HoldingOwns at Least 5 Percent of Authorized Capital or at Least 5 Percent of Ordinary Shares1.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityTyumenenergo Open Joint-Stock Company forEnergy and ElectrificationOAO Tyumenenergo628412, Surgut, Tyumen Region, Khanty-Mansijsk Autonomous District -Yugra, ul.Universitetskaya, d. 4.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0.01158%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%2.Full corporate nameYantarenergo Open Joint-Stock Company forEnergy and Electrification175

Short corporate nameOAO YantarenergoLocation 236000, Kaliningrad, ul. Teatralnaya, 34.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%3Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityKarachayevo-Cherkesskenergo Open Joint-Stock CompanyOAO Karachayevo-Cherkesskenergo369000, Karachay-Cherkess Republic,Cherkessk, ul. Osmana Kasayeva, dom 3100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0.00027%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0.00027%4.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityKalmenergosbyt Open Joint-Stock CompanyOAO Kalmenergosbyt358000, Republic of Kalmykia, Elista, ul.Lenina, 271.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%5.Full corporate nameTyvaenergosbyt Open Joint-Stock Company176

Short corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityOAO Tyvaenergosbyt.667004, Russian Federation, Republic ofTyva, Kyzyl, ul. Kolkhoznaya, 2.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%6.Full corporate nameResearch Institute for Energy Economics OpenJoint-Stock CompanyShort corporate nameOAO NIIEELocation 105062, Moscow, ul. Chaplygina, d. 6.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%7.Full corporate nameVNIPIenergoprom Association Open Joint-Stock CompanyShort corporate nameOAO VNIPIenergopromLocation 105094, Moscow, Semyonovskaya nab., 2/1Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%177

8.Full corporate nameSpecial Design Bureau of Heat PowerEngineering Equipment VTI Open Joint-StockCompanyShort corporate nameOAO SKB VTILocation 115280, Russian Federation, Moscow, 3Avtozavodsky pr., dom 4, kor. 1Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%9.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entitySibenergosetproekt Siberian Design andResearch Institute of Energy Systems andPower Grids Open Joint-Stock CompanyOAO Sibenergosetproekt100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%10.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityAviaenergo Airline Open Joint-StockCompanyOAO Aviaenergo Airline125047, Moscow, 1 Tverskaya-Yamskaya,dom 16/23, str. 1.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGC 0%178

Holding owned by the business entity.11.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityCenter for United Power System Receivablesand Payables Settlements Open Joint-StockCompanyOAO Center of UPS Settlements Optimization119435, Moscow, B.Savvinsky per., d.10a100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%12.Full corporate nameShort corporate nameNedvizhimost of VNIPIenergoprom OpenJoint-Stock CompanyOAO Nedvizhimost of VNIPIenergoprom.Location Russian Federation, 105094, Moscow,Semyonovskaya naberezhnaya, dom 2/1.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%13.Full corporate nameShort corporate nameNedvizhimost of the United Power SystemEngineering Center Open Joint-StockCompanyOAO Nedvizhimost of UPS EngineeringCenter.Location 119526, Moscow, prospekt Vernadskogo, d.101, korp. 3.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %179

Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%14.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityNedvizhimost of the Northwest EnergyEngineering Center Open Joint-StockCompanyOAO Nedvizhimost of the Northwest EnergyEngineering Center.Russian Federation, 191036, Saint Petersburg,Nevsky prospekt, 111/3.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%15.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityNedvizhimost of the Volga Region EnergyEngineering Center Open Joint-StockCompanyOAO Nedvizhimost of the Volga RegionEnergy Engineering Center.Russian Federation, 603950, Nizhni Novgorod,pr. Lenina, d. 20.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%180

16.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityNedvizhimost of the South Energy EngineeringCenter Open Joint-Stock CompanyOAO Nedvizhimost of the South EEC.Russian Federation, 350058, Krasnodar, ul.Starokubanskaya, 116.100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%17.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityNedvizhimost of the Urals Energy EngineeringCenter Open Joint-Stock CompanyOAO Nedvizhimost of the Urals EnergyEngineering Center.Russian Federation, 620075, Yekaterinburg, ul.Pervomaiskaya, d. 56100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%18.Full corporate nameShort corporate nameLocationNedvizhimost of the Siberian Energy Researchand Development Center Open Joint-StockCompanyOAO Nedvizhimost of the Siberian EnergyResearch and Development Center.Russian Federation, 630132, Novosibirsk,prospekt Dimitrova, dom 7.181

Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity100 %Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding100 %Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%19.Full corporate nameInterregional Distribution Grid Company ofVolga Open Joint-Stock CompanyShort corporate nameOAO IDGC of VolgaLocation 410031, Saratov, ul. Pervomaiskaya, d. 42/44Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity67.626%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding67.626%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0.00002%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0.00002%20.Full corporate nameShort corporate nameLocationInterregional Distribution Grid Company ofNorthwest Open Joint-Stock CompanyOAO IDGC of Northwest188300, Russia, Leningrad Region, Gatchina,ul. Sobornaya, dom 31 (legal address)Russia, 191119, Saint Petersburg, ul. Tyushina,dom 11, letter Ж (postal address)Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity55.38%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding55.38%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%182

21.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityInterregional Distribution Grid Company of theUrals Open Joint-Stock CompanyOAO IDGC of the Urals620026 Yekaterinburg, ul. Mamina-Sibiryaka,d. 14051.517%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding51.517%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%22.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityInterregional Distribution Grid Company ofSiberia Open Joint-Stock CompanyOAO IDGC of Siberia660021, Krasnoyarsk, ul. Bograda, 144 a52.883%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding52.883%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0.00122%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0.00122%23.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityPercentage of ordinary shares in the businessentity owned by JSC IDGC HoldingStake held by the business entity in theauthorized capital of JSC IDGC Holding,Interregional Distribution Grid Company ofSouth Open Joint-Stock CompanyOAO IDGC of South344002, Russian Federation, Rostov-on-Don,ul. Bolshaya Sadovaya, d. 49.51.657%51.657%0%183

Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%24.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityInterregional Distribution Grid Company of theNorth Caucasus Open Joint-Stock CompanyOAO IDGC of the North Caucasus357506, Russian Federation, StavropolTerritory, Pyatigorsk, village of Energetik, ul.Podstantsionnaya, 1858.253%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding58.253%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%25.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityLenenergo Open Joint-Stock Company forEnergy and ElectrificationOAO Lenenergo196247, Saint Petersburg, PloshchadKonstitutsii, d. 1.59.341%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding67.34%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%26.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityTomsk Distribution Company Open Joint-Stock CompanyOAO TDCRussian Federation, 634041, Tomsk, pr.Kirova, 3652.025%Percentage of ordinary shares in the business 59.881%184

entity owned by JSC IDGC HoldingStake held by the business entity in the0%authorized capital of JSC IDGC Holding,Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%27.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityKabardino-Balkarian Open Joint-StockCompany for Energy and ElectrificationOAO Kabbalkenergo360000, Kabardino-Balkaria, Nalchik, ul.Shchorsa, d. 6.65.268%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding65.268%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%28.Full corporate nameDagestan Power Sales Company Open Joint-Stock CompanyShort corporate nameOAO Dagestan Power Sales Company.Location Republic of Dagestan, Makhachkala, ul.Dakhadaeva, d. 73.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity51%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding51%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%29.Full corporate nameInterregional Distribution Grid Company of theCenter Open Joint-Stock CompanyShort corporate nameOAO IDGC of the CenterLocation 129090, Moscow, Glukharev pereulok, d. 4/2Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of the50.231%business entity185

Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding50.231%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%30.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityInterregional Distribution Grid Company of theCenter and Volga Region Open Joint-StockCompanyOAO IDGC of the Center and Volga603950, Russian Federation, Nizhni Novgorod,ul. Rozhdestvenskaya, d. 33.50.4%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding50.4%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0.00482%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0.00482%31.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityMoscow United Electric Grid Company OpenJoint-Stock Company- OAO Moscow United Electric GridCompany;- OAO MOESK142100, Russian Federation, Moscow Region,Podolsk, ul. Ordzhonikidze, d. 27.50.905%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding50.905%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%32.Full corporate nameOpen Joint-Stock Company for Energy andElectrification of Kuban186

Short corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityOAO Kubanenergo350033, Russian Federation, Krasnodar, ul.Stavropolskaya, d. 2.49%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding49%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%33.Full corporate nameIngushenergo Open Joint-Stock Company forEnergy and ElectrificationShort corporate nameOAO IngushenergoLocation 366720, Ingushi Republic, Nazran, ul.Mutalieva, 23.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity49.002%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding49.002%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%34.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityGrozenergo Open Joint-Stock Company forEnergy and Electrification of the ChechenRepublicАО Grozenergo364000, Grozny, Staropromyslovskoye shosse,d.649%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding49%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%187

35.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entitySevkavkazenergo Open Joint-Stock Companyfor Energy and ElectrificationOAO Sevkavkazenergo362040, Republic of North Ossetia-Alania,Vladikavkaz, ul. Tamaeva, d. 1949.001%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding49.001%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%36.Full corporate nameShort corporate nameMoscow Power Grid Management CompanyOpen Joint-Stock CompanyOAO MUEKLocation 115035, Moscow, ul. Sadovnicheskaya, d. 36,str. 1.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity50%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding50%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%37.Full corporate nameNorthwest Energy Management CompanyOpen Joint-Stock CompanyShort corporate nameOAO SZUEKLocation 191186, Saint Petersburg, Marsovo pole, d. 1.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity49%Percentage of ordinary shares in the businessentity owned by JSC IDGC HoldingStake held by the business entity in theauthorized capital of JSC IDGC Holding,57.4%0%188

Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%38.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityChirkeyGESstroy Open Joint-Stock CompanyOAO ChirkeyGESstroy367000, Republic of Dagestan, Makhachkala,ul. Kazbekova, pereulok Avtomobilistov, 7a25%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%39.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityBureyagesstroy Open Joint-Stock CompanyOAO Bureyagesstroy676730, Russia, Amur Region, BureyskyDistrict, village of Talakan.25.011%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25.011%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%40.Full corporate nameKrzhizhanovsky Power Engineering InstituteOpen Joint-Stock CompanyShort corporate nameOAO ENINLocation 119991, Moscow, Leninsky prospekt, 19.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity31.342%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding31.342%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGC 0%189

Holding owned by the business entity.41.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityNorthwest Energy Engineering Center OpenJoint-Stock CompanyOAO SevZap NTTs191036, Saint Petersburg, Nevsky prospekt,111/325%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%42.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entityVolga Region Energy Engineering CenterOpen Joint-Stock CompanyOAO Volga Region EEC443001, Samara, ul. Samarskaya, d. 203 b25%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%43.Full corporate nameSouth Energy Engineering Center Open Joint-Stock CompanyShort corporate nameOAO South EECLocation 350058, Krasnodar, ul. Starokubanskaya, d.116Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity25%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25%Stake held by the business entity in the 0%190

authorized capital of JSC IDGC Holding,Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%44.Full corporate nameShort corporate nameUrals Energy Engineering Center Open Joint-Stock Company –URALVNIPIENERGOPROM,Uralselenergoproekt, UralTEP, UralORGRES,UralVTI, Uralenergosetproekt,ChelyabenergosetproektOAO Urals Energy Engineering CenterLocation 620075, Russia, Sverdlovsk Region,Yekaterinburg, ul. Pervomaiskaya, 56 (legaladdress)620075, Sverdlovsk Region, Yekaterinburg, ul.Pervomaiskaya, 56, P.O. Box 171, office 527(postal address)Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity25.001%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25.001%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%45.Full corporate nameShort corporate nameLocationStake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entitySiberian Energy Research and DevelopmentCenter Open Joint-Stock CompanyOAO Siberian ENTTs630132, Novosibirsk Region, Novosibirsk, ul.Dimitrova, d.725%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding25%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%46.191

Full corporate nameNurenergo Open Joint-Stock CompanyShort corporate nameOAO NurenergoLocation 364000, Chechen Republic, Grozny,Staropromyslovskoye shosse, 6.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity23%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding23%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%47.Full corporate nameZarubezhenergostroy Open Joint-StockCompanyShort corporate nameOAO ZarubezhenergostroyLocation 101000, Moscow, Potapovsky per., d. 5, str. 2Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity9.51%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding9.51%Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%48.Full corporate nameIT Energy Service Limited Liability CompanyShort corporate nameOOO IT Energy ServiceLocation 119526, Moscow, prospekt Vernadskogo, d.101, korp. 3, office С-214.Stake held by JSC IDGC Holding in theauthorized (share) capital (unit trust) of thebusiness entity19.99%Percentage of ordinary shares in the businessentity owned by JSC IDGC Holding-Stake held by the business entity in theauthorized capital of JSC IDGC Holding,0%Percentage of ordinary shares in JSC IDGCHolding owned by the business entity. 0%192

10.1.6. Information Concerning Material Transactions Executed by JSC IDGC HoldingInformation concerning material transactions executed by the issuer is not specified herein sincethe issuer was established on July 1, 2008. As of the date of approval of the securitiesprospectus, the accounting statements for quarter 3 of 2008 are not yet due.10.1.7. Information Concerning the Credit Ratings of JSC IDGC HoldingNo credit ratings were assigned to the issuer.10.2. Information About Each Category (Type) of Shares in JSC IDGC HoldingA) Class, category (type) of securities: uncertificated registered ordinary shares.• Par value per share: 1 ruble.• Quantity of outstanding shares: 41,041,753,984 shares.• Quantity of additional shares being offered: N/A.• Quantity of authorized shares: authorized shares are not provided for by the Articles ofAssociation of the issuer.• Quantity of shares recorded on the balance sheet of JSC IDGC Holding: N/A.• Quantity of additional shares which may be offered as a result of conversion ofoutstanding securities convertible into shares or exercising the options of JSC IDGCHolding: N/A.• State registration number: 1-01-55385-Е.• Date of state registration: July 29, 2008.• Rights of owners of ordinary shares in JSC IDGC Holding:In conformity with Article 5.2 of the Articles of Association of the Issuer, shareholders owningordinary shares in the Company have the following rights:• to participate in person or through their agents in the General Meeting of Shareholders of theCompany and to vote on all issues within its jurisdiction;• to dispose of shares owned by them without consent of other shareholders and the Company;• to receive a portion of net income (dividends) distributable among the shareholders inaccordance with the procedure provided for by the laws of the Russian Federation and theseArticles of Association;• to have access to the documents of the Company shareholders in accordance with the procedureprovided for by the law of the Russian Federation and these Articles of Association;• to request that the Company, in whole or in part, repurchase the shares owned by them asprovided for by the laws of the Russian Federation;• of pre-emption of additional shares and issue-grade securities convertible into shares to beplaced by the Company in a public offering in an amount proportionate to the quantity of sharesof this category (type) owned by them as provided for by the laws of the Russian Federation;• to receive a portion of the Company's property (disposal value) in accordance with theprocedure established by the laws of the Russian Federation and полу these Articles ofAssociation;193

• to exercise any other rights provided for by the laws of the Russian Federation, the Articles ofAssociation and resolutions of the General Meeting of Shareholders adopted within itsjurisdiction.B) Class, category (type) of securities: uncertificated registered preference shares.• Par value per share: 1 ruble.• Quantity of outstanding shares: 2,075,149,384 shares.• Quantity of additional shares being offered: N/A.• Quantity of authorized shares: authorized shares are not provided for by the Articles ofAssociation of the issuer.• Quantity of shares recorded on the balance sheet of JSC IDGC Holding: N/A.• Quantity of additional shares which may be offered as a result of conversion ofoutstanding securities convertible into shares or exercising the options of JSC IDGCHolding: N/A.• State registration number: 2-01-55385-Е.• Date of state registration: July 29, 2008.• Rights of owners of preference shares in JSC IDGC Holding:In conformity with Article 5.2 of the Articles of Association of the Issuer, preference sharesin the Company have the same par value and provide to their owners the same volume of rights.Article 5.3 of the Articles of Association of the Issuer specifies that the owners of preferenceshares are entitled to the annual fixed dividend. Total amount payable as a dividend on eachpreference share is 10 (ten) percent of the Company's net profit for the fiscal year divided by thenumber of shares equivalent to 25 (twenty five) percent of the authorized capital of theCompany. If the amount of dividends payable by the Company on each ordinary share in acertain year exceeds the amount payable as dividends on each preference share, the amount ofdividend payable on the latter needs to be increased to the amount of dividend payable onordinary shares.Dividends are payable to the holders of preference shares on an annual basis within the timelimits set by the General Meeting of Shareholders of the Company, yet no later than May 1 (first)of the year following the year of the General Meeting of Shareholders which adopts a resolutionon the payment of dividends and additionally on the date of payment of dividends on ordinaryshares when in conformity with this paragraph the amount of dividend on preference sharesneeds to be increased to the amount of dividend payable on ordinary shares.In conformity with Article 5.6 of the Articles of Association of the Issuer, shareholdersowning preference shares are entitled to participate in the General Meeting of Shareholders andhave the right to vote on all issues within its jurisdiction starting from the meeting following theannual meeting of shareholders which irrespective of reasons fails to adopt a resolution on thepayment of dividends or adopts a resolution on the incomplete payment of dividends onpreference shares. The right of shareholders owning preference shares to participate in theGeneral Meeting of Shareholders ceases as from the first payment of dividends on the abovementionedshares.Shareholders owning preference shares participate in the General Meeting of Shareholders ofthe Company and have the right to vote when the issues of the reorganization and liquidation ofthe Company are resolved. Shareholders owning preference shares acquire the right to vote when194

the General Meeting of Shareholders resolves the issues of amendment of the Articles ofAssociation of the Company which restricts the rights of shareholders owning this type ofpreference shares and the issues of granting privileges to shareholders owning any other type ofpreference shares in the order of payment of dividend and/or the disposal value of shares(Articles 5.7 of the Articles of Association of the Issuer).10.3. Information Concerning Previous Issuances of Issue-Grade Securities of JSC IDGCHolding Other than SharesJSC IDGC Holding did not issue any other issue-grade securities.10.4. Information Concerning Individual(s) Who Provided Collateral Securing Bonds fromthe IssuanceJSC IDGC Holding did not issue bonds.10.5. Conditions for Securing the Performance of Obligations with Respect to Bonds from theIssuanceJSC IDGC Holding did not issue bonds.10.6. Information Concerning Entities Recording the Rights to the Issue-Grade Securities ofJSC IDGC HoldingFull corporate name of the registrarShort name of the registrarRegistrar’s location and postal addressNumber of the registrar’s license to performactivities related to maintaining the register ofsecurities ownersDate of issuance of the registrar’s license toperform activities related to maintaining theregister of securities ownersPeriod of the registrar’s license to performactivities related to maintaining the register ofsecurities ownersAuthority issuing the registrar’s license toperform activities related to maintaining theregister of securities ownersOther information about maintaining theregister of owners of the issuer’s securitiesspecified by the issuer at its sole discretionZAO STATUS Registration CompanyZAO STATUSRussia, 109544, Moscow, ul.Dobrovolcheskaya, d. 1/64No. 10-000-1-00304March 12, 2004for an indefinite termFederal Securities and Exchange Commissionof RussiaN/A10.7. Information Concerning Legislative Acts Governing Capital Import/Export AspectsWhich May Affect Dividend, Interest and Other Payments to Non-residentsNames and details of the applicable legislative acts of the Russian Federation as of thedate of approval of the securities prospectus which govern capital import/export aspects andmay affect the payment of dividend to the issuer’s shares to non-residents:195

The fundamental principles of foreign exchange operations in the Russian Federation, therights and obligations of corporate entities and individuals in the ownership, use andmanagement of foreign currency and the Russian Federation currency, liability for the breach ofcurrency laws are specified in the Federal Law of the Russian Federation No. 173-FZ "OnCurrency Regulation and Currency Control" dated December 10, 2003;However, the below-listed laws legislative acts also contain corresponding normsspecifying the procedure for executing transactions and making settlements using the Russianand foreign currency:• Civil Code of the Russian Federation (part one) No. 51-FZ dated November 30, 1994;• Civil Code of the Russian Federation (part three) No. 146-FZ dated November 26, 2001;• Tax Code of the Russian Federation (part one) No. 146-FZ dated July 31, 1998;• Tax Code of the Russian Federation (part two) No. 117-FZ dated August 5, 2000;• Federal Law of the Russian Federation No. 160-FZ (as amended on June 26, 2007) "OnForeign Investments in the Russian Federation" dated July 9, 1999;• Federal Law No. 39-FZ "On Securities Market" dated April 22, 1996;• Federal Law No. 86-FZ "On the Central Bank of the Russian Federation (Bank ofRussia)" dated July 10, 2002;• Federal Law No. 115-FZ "On Anti-Money Laundering and Combating the Financing ofTerrorism" dated August 7, 2001.• International treaties (agreements) between Russia and foreign countries validated byFederal Laws of the Russian Federation and specifying the double taxation prevention mode inthe countries participating in these treaties (agreements):• Treaty between the Government of the Russian Federation and the Government of theRepublic of Uzbekistan "On the Avoidance of Double Taxation of Income and Property" datedMarch 2, 1994 (the Treaty was validated by Federal Law of the Russian Federation No. 51-FZdated April 24, 1995);• Treaty between the Government of the Russian Federation and the Government ofUkraine "On the Avoidance of Double Taxation of Income and Property and the Prevention ofTax Evasions" dated February 8, 1995 (the Treaty was validated by Federal Law of the RussianFederation No. 145-FZ dated July 8, 1999);• Treaty between the Government of the Russian Federation and the Government of theRepublic of Belarus "On the Avoidance of Double Taxation and the Prevention of Income andProperty Tax Evasion" dated April 21, 1995 (the Treaty was validated by Federal Law of theRussian Federation No. 14-FZ dated January 10, 1997);• Treaty between the Government of the Russian Federation and the Government of theRepublic of Moldova "On the Avoidance of Double Taxation of Income and Property and thePrevention of Tax Evasion" dated April 12, 1996 (the Treaty was validated by Federal Law ofthe Russian Federation No. 72-FZ dated April 28, 1997);• Convention between the Government of the Russian Federation and the Government ofthe Republic of Kazakhstan "On the Elimination of Double Taxation and the Prevention ofIncome and Capital Tax Evasion" dated October 18, 1996 (the Convention was validated byFederal Law of the Russian Federation No. 74-FZ dated April 28, 1997);• Treaty between the Government of the Russian Federation and the Government of theRepublic of Armenia "On the Elimination of Double Taxation of Income and Property" datedDecember 28, 1996 (the Treaty was validated by Federal Law of the Russian Federation No.151-FZ dated December 17, 1997);• Treaty between the Government of the Russian Federation and the Government of theKyrgyz Republic "On the Avoidance of Double Taxation and the Prevention of Income TaxEvasion" dated January 13, 1999 (the Treaty was validated by Federal Law of the RussianFederation No. 146-FZ dated July 8, 1999);• Treaty between the Government of the Russian Federation and the Government of theRepublic of Lithuania "On the Avoidance of Double Taxation and the Prevention of Income and196

Capital Tax Evasion" dated June 29, 1999 (the Treaty was validated by Federal Law of theRussian Federation No. 40-FZ dated April 26, 2005);• Agreement between the Government of the Russian Federation and the U.S.Government "On the Avoidance of Double Taxation and the Prevention of Income and CapitalTax Evasion" dated June 17, 1992 (the Agreement was validated by Resolution of the SupremeSoviet of the Russian Federation No. 3702-1 dated October 22, 1992);• Convention between the Government of the Russian Federation and the Government ofthe State of Israel "On the Avoidance of Double Taxation and the Prevention of Income TaxEvasion" dated April 25, 1994 (the Convention was validated by Federal Law of the RussianFederation No. 126-FZ dated October 8, 2000);• Convention between the Government of the Russian Federation and the Government ofthe United Kingdom of Great Britain and Northern Ireland "On the Avoidance of DoubleTaxation and the Prevention of Income and Incremental Property Value Tax Evasion" datedFebruary 15, 1994 (and the exchange of Notes dated February 15, 1994 between the AmbassadorExtraordinary and Plenipotentiary of the United Kingdom of Great Britain and Northern Irelandto the Russian Federation and Deputy Minister of Foreign Affairs of the Russian Federation) (theConvention and the Agreement in the form of exchange of notes for the application of certainprovisions of the Convention were validated by Federal Law No. 65-FZ dated March 19, 1997);• Treaty between the Russian Federation and the Federal Republic of Germany "On thePrevention of Income and Property Double Taxation" dated May 29, 1996 (the Agreement wasvalidated by Federal Law of the Russian Federation No. 158-FZ dated December 18, 1996);• Treaty between the Government of the Russian Federation and the Government of theRepublic of Cyprus "On the Avoidance of Double Taxation of Income and Capital" datedDecember 5, 1998 (the Agreement was validated by Federal Law No. 167-FZ dated July 17,1999).10.8. Description of the Procedure for Taxation of Income from the Issue-Grade Securities (toBe) Placed by JSC IDGC HoldingTaxation of income from the securities issued by JSC IDGC Holding, and operationsinvolving such securitiesThe taxation of income from the issue-grade securities (to be) placed by the issuer isgoverned by the Tax Code of the Russian Federation (hereinafter also referred to as "TC") andother regulations of the Russian Federation adopted in accordance with the Tax Code of theRussian Federation.Tax RatesCorporate EntitiesIndividualsType of income Residents Non-residents Residents Non-residentsIncome from the sale ofsecurities24% (namely:6.5% from thefederal budget;17.5% from thebudget of theconstituententity)20% 13% 30%Dividend income fromRussian entities0%(subparagraph 1of paragraph 315% 9% 15%197

of Article 284of the TC of theRussianFederation) and9%(subparagraph 2of paragraph 3of Article 284of the TC of theRussianFederation)Procedure for the taxation of individuals.Tax type: income tax.Income from sources in the Russian Federation includes:-dividend and interest received from the Russian entity and interest received from Russianself-employed entrepreneurs and/or foreign entity with respect to the activities of its permanentestablishment in the Russian Federation;-income from the sale in the Russian Federation of shares or other securities and stakes inthe authorized capital of entities.Tax base.The taxpayer’s income in the form of monetary benefit is the monetary benefit frompurchasing securities. Tax base is determined as the market value of securities adjusted for themargin of fluctuation of the market price of securities exceeding the sum of actual expensesincurred by the taxpayer in connection with purchasing securities. The procedure for determiningthe market price of securities and the margin of fluctuation of the market price of securities areapproved by the federal authority regulating the securities market.The tax base for income from operations involving securities is adjusted for income fromthe following operations:-purchase and sale of securities traded in the organized securities market;- purchase and sale of securities not traded in the organized securities market.Income (loss) from securities purchase and sale operations is determined as the differencebetween the sums of income from the sale of securities and documented expenses in connectionwith purchasing, selling and storing securities actually paid by the taxpayer or property-relatedtax deductions reducing income from a purchase and sale transaction.The above-mentioned expenses include:-sums paid to the seller in accordance with the agreement;-payment for services provided by the depositary;-commission fees of professional participants in the securities market, discount paid(reimbursed) by the mutual fund management company in the sale (redemption) of the mutualfund investment unit by the investor determined in accordance with the procedure set forth in thelaws of the Russian Federation on investment funds;-exchange charge (commission);-payment for the registrar’s services;-other expenses directly associated with the purchase, sale and storage of securities andpaid for the services provided by professional participants in the securities market as part of theirprofessional activity.Income (loss) from the operations of purchase and sale of securities traded in the organizedsecurities market decreases (increases) by the sum of interest paid for using cash raised for theexecution of securities purchase and sale transaction within the sums calculated based on theexisting refinancing rate of the Central Bank of the Russian Federation.198

The amount of loss from operations involving securities traded in the organized securitiesmarket is adjusted for the margin of fluctuation of the market price of securities.Securities traded in the organized securities market include securities permitted to be tradedby trade institutors which obtained the license from the federal authority governing the securitiesmarket.The market quotation of the security traded in the organized securities market means theaverage weighted price of the security in transactions executed during the trading day throughthe trade institutor. If transactions in the same security are executed through two or more tradeinstitutors, the taxpayer is entitled to select the market quotation of the security from one tradeinstitutor. Unless the average weighted price is calculated by the trade institutor, the averageweighted price is half the sum of maximum and minimum prices of transactions executed duringthe trading day through the trade institutor.Unless expenses incurred by the taxpayer in connection with the purchase, sale and storageof securities can be directly charged to expenses in connection with the purchase, sale andstorage of specific securities, the above-mentioned expenses are allocated in proportion to thevalue of securities which the above-mentioned expenses are associated. The value of securities isdetermined as of the date on which these expenses are paid.Loss from operations involving securities traded in the organized securities marketresulting from the above-mentioned operations executed in the tax period reduces the tax basefor the operations of purchase and sale of securities belonging to this category.Income from the operations of purchase and sale of securities not traded in the organizedsecurities market which as of their purchase date meet the requirements for securities traded inthe organized securities market can be reduced by the amount of loss from the operations ofpurchase and sale of securities traded in the organized securities market generated in the taxperiod.Date of actual income receipt:-day of income payment, including the crediting of income to the taxpayer’s bank accountsor, under the taxpayer’s instructions, to third-party accounts (when income is received in cash);-day of securities purchase.Tax base for securities purchase and sale operations and operations involving the financialinstruments of term transactions is determined when the tax period is over. The tax amount isassessed and paid by the tax agent after the tax period is over or when the tax agent pays funds tothe taxpayer before the regular tax period is over.If the tax agent pays funds before the regular tax period is over, tax is imposed on theportion of income corresponding to the actual sum of paid funds. Income portion is determinedas the product of total income and the ratio of paid sum to the value of securities as of the date ofpayment of funds for which the tax agent acts as broker. If funds are paid to the taxpayer morethan once during the tax period, the tax amount is calculated on a cumulative total basis byoffsetting the tax amounts paid earlier.The value of securities is determined based on the actually paid and documented expensesin connection with purchasing such securities.The payment of funds means the payment of cash or the crediting of funds to the individualbank account or third-party account upon request from the individual.If the source of income is unable to withhold the assessed tax amount from the taxpayer,the tax agent (broker, trust manager or other individual executing operations under agency,commission or other agreement in favor of the taxpayer), the tax authority with which it isregistered is given written notice of the impossibility to make the above-mentioned withholdingand the sum of debt owed by the taxpayer within one month of the day on which such obligationarises. In this case, tax is paid in accordance with Article 228 of the Tax Code.Procedure for the taxation of corporate entities.Tax type: profit tax.199

Income includes:-revenue from the sale of property rights (sales income);-non-operating income in the form of interest on securities and other debt instrumentsand/or ownership of other entities.Tax base.The taxpayer's income from operations related to the sale or any other disposal ofsecurities (including redemption) is determined based on the price of sale or any other disposalof a security.Expenses in connection with the sale (or any other disposal) of securities are determinedbased on the security purchasing price (including expenses in connection with its purchase),costs in connection with its sale and the amount of relieves against the calculated value ofinvestment units.Securities are recognized as traded in the organized securities market provided that all ofthe following conditions are fulfilled:1) if they are permitted to be traded by at least one trade institutor authorized by nationallaws;2) if information about these prices (quotations) is published in mass media (includingelectronic media) or can be provided by the trade institutor or other duly authorized entity to anystakeholder within three years of the date of execution of operations involving securities;3) if their market quotation is calculated as provided for by the applicable national laws.The market price of securities traded in the organized securities market for tax purposes isthe actual price of sale or any other disposal of securities if this price is between the minimumand maximum prices of transactions (price range) in the above-mentioned security registered bythe trade institutor in the securities market on the date of execution of the transaction concerned.If securities traded in the organized securities market are sold at a price lower than the minimumprice of transactions in the organized securities market, the minimum price of a transaction in theorganized securities market is used for determining the financial result.In respect of securities not traded on the organized securities market the actual price of saleor any other disposal of these securities applies for tax purposes provided that at least one of thefollowing conditions is fulfilled:1) if the actual price of the transaction concerned falls within the price range for a similar(identical, homogenous) security registered by the trade institutor in the securities market on thedate of execution of the transaction or on the date of the nearest sales which take place prior tothe day of completion of the transaction concerned if these securities have been traded by thetrade institutor at least once in the past 12 months;2) if a deviation of the actual price of the transaction concerned falls within the range of 20percent upward or downward from the average weighted price of a similar (identical,homogenous) security calculated by the trade institutor in the securities market in accordancewith the rules established by the trade institutor based on the results of sales on the date ofexecution of such transaction or on the date of the nearest sales which take place prior to the dayof completion of the transaction concerned if these securities have been traded by the tradeinstitutor at least once in the past 12 months.The tax base for operations involving securities is determined by the taxpayer separately,with the exception of tax base for operations involving securities determined by professionalparticipations in the securities market. Taxpayers (with the exception of professionalparticipations in the securities market involved in dealer activities) determine the tax base foroperations involving securities traded in the organized securities market separately from the taxbase for operations involving securities not traded in the organized securities market.In the sale or any other disposal of securities the taxpayer selects one of the followingmethods of expensing the value of securities disposed of in accordance with the accountingpolicy adopted for tax purposes:1) based on the value of first-in acquisitions (FIFO);2) based on the value of last-in acquisitions (LIFO);200

3) based on unit value.In accordance with the issuer’s accounting policy the value of disposed securities areexpensed based on unit value.Taxpayers that incur loss(es) from operations involving securities in the previous taxperiod(s) are entitled to reduce the tax base for operations involving securities in the reporting(tax) period (carry forward the above-mentioned losses) as provided for by Article 283 of theTax Code.Losses from operations involving securities not traded in the organized securities marketincurred in the previous tax period(s) may be used to reduce the tax base from operationsinvolving such securities determined in the reporting (tax) period. Losses from operationsinvolving securities traded in the organized securities market incurred in the previous taxperiod(s) may be used to reduce the tax base from operations related to the sale of this categoryof securities.During the tax period, losses incurred in the reporting period concerned from operationsinvolving securities traded in the organized securities market and securities not traded in theorganized securities market are carried forward separately for the above-mentioned categories ofsecurities within the profit from operations involving such securities.If the tax agent pays income to the foreign entity which in accordance with internationalagreements (treaties) is taxable in the Russian Federation at reduced rates, income tax amountsare assessed and withheld by the tax agent at the reduced rates concerned provided that theforeign entity gives confirmation to the tax agent provided for by paragraph 1 of Article 312 ofthe Tax Code of the Russian Federation.If the provisions of international agreements executed by the Russian Federation apply, theforeign entity has to give confirmation to the tax agent paying income that this foreign entity ispermanently resident in the country with which the Russian Federation executed an internationalagreement (treaty) governing taxation issues, which has to be certified by the duly authorizedbody of the foreign country concerned. If this confirmation is prepared in a foreign language, itsRussian translation is also provided to the tax agent.If the foreign entity entitled to receive income gives confirmation to the tax agent payingincome prior to the date of payment of income with respect to which the international agreementexecuted by the Russian Federation provides for preferential tax treatment in the RussianFederation, such income is exempt from withholding tax at source or tax from source is withheldat reduced rates.The amount of tax on the income of foreign entities being withheld is paid by the tax agentto the federal budget simultaneously with the payment of income either in the currency in whichsuch income is paid or in the Russian Federation currency at the official rate of the Central Bankof the Russian Federation as of the tax payment date.10.9. Information Concerning Declared (Accrued) and Paid Dividend on the Issuer’s Sharesand Yield on the Issuer’s BondsBetween the date of state registration of the issuer and the date of approval of thissecurities prospectus by the General Meeting of Shareholders, the issuer did not adopt anyresolutions on the declaration (payment) of dividend. JSC IDGC Holding did not issue bonds.10.10. Other InformationOther information about the issuer and its securities whose disclosure is provided for by theFederal Law "On Securities Market" or other federal laws: N/A.201

Appendix 1.Initial Balance Sheet of JSC IDGC Holding as of July 1, 2008202

INITIAL BALANCE SHEETCODESAs of July 1, 2008Form No. 1 asper the RussianClassification ofManagement71ООО1Documentation(OKUD)Date (year,month, day)2008/7/1As per RussianClassification ofEntity: JSC IDGC HoldingEnterprises and 94129941Organizations(OKPO)Taxpayer Identification Number INN 7728662669Activity type: management of holding companiesAs per RussianClassification ofEconomicActivities74.15.2Legal Form / Property Categoryopen joint-stock companyMeasurement unit:rublesLocation: 117630, Moscow, ul. Akademika Chelomeya, d. 5A(OKVED)As per RussianClassification ofOrganizationaland Legal Forms/ RussianClassification ofPropertyCategories(OKOPF/OKFS)As per RussianClassification ofMeasurementUnits (OKEI)47/43Balance Sheet Items Code At Beginning ofPeriodASSETSI. NON-CURRENT ASSETSIntangible assets, including 110 0.000.00rights to patents, programs, trademarks and other similar rights and assets 111organizational expenses 112 0.00goodwill of the entity 113 0.00other intangible assets 114 0.00Research, development and engineering expenses 115 0.00203

Fixed assets, including 120 8,860,743.35land and natural resources 121 0.00buildings, structures, machinery and equipment 122 8,676,545.35other fixed assets 123 184,198.00Investments in non-current assets, including 130 1,682,947,066.24equipment for installation 13001 0.00investments in non-current assets 13002 1,682,947,066.24Income-bearing investments in tangible assets, including 135 5,069,178.20property for lease 136 0.00property leased out under rental agreement 137 5,069,178.20231,333,583,521.64Long-term financial investments, including 140investments in subsidiaries 141 224,742,756,435.28investments in dependent companies 142 6,590,613,143.36investments in other entities 143 213,943.00loans extended for more than 12 months 144 0.00other long-term financial investments 145 0.00Deferred tax assets 148 0.00Section I Total 190233,030,460,509.43II. CURRENT ASSETSInventories, including 210 68,563,932.07raw materials, materials and other similar assets, namely: 211 0.00fuel oil 211010.00coal 21102 0.00diesel fuel 21103 0.00other process fuel 21104 0.00spare parts 211050.00other raw materials and materials 21107 0.00livestock 212 0.00work-in-progress costs (marketing costs) 213 0.00finished products and goods for resale 2140.00goods dispatched 215 0.00deferred expenses 216 68,563,932.07other inventories and costs 217 0.00Value added tax on assets purchased 220 255,032,359.18Accounts receivable (amounts falling due within more than 12 monthsof the balance sheet date), including 230 4,844,730,282.61buyers and customers, namely: 231 0.00financed by the federal budget 23101 0.00financed by the budgets of the constituent entities of the Russian Federation 23102 0.00financed by local budgets 23103 0.00other buyers and customers 23104 0.00notes receivable 232 0.00204

eceivables from subsidiaries and dependent companies 233 0.00advance payments made 234 0.00other receivables 235 4,844,730,282.61receivables under equity participation agreements 23501 0.00rotes receivable 23502 4,844,730,282.61other receivables 23503 0.00Accounts receivable (amounts falling due within12 months of the balance sheet date), including 240 7,821,434,274.84buyers and customers, namely: 241 0.00intra-group sale of electricity through FOREM 24101 0.00electricity and heat selling dealers 24102 0.00entities financed by the federal budget 24103 0.00entities financed by the budgets of the Russian Federation 24104 0.00entities financed by local budgets 24105 0.00other electricity and heat consumers 24106 0.00transmission fee payable 24107 61,484,686.45other buyers and customers 24108 1,345,075.39notes receivable 242 0.00receivables from subsidiaries and dependent companies 243receivables from participants with respect to authorized capital contributions 244 0.00advance payments made to: 245 0.00electricity and heat suppliers 24501 0.00fuel suppliers 24502materials suppliers 24503 0.00construction entities 24504 0.00maintenance entities 24505 0.00service suppliers 24506other advance payments made 24507 0.00other receivables, including 246 7,758,604,513.00penalties, fines, late charges receivable under agreements 24601 0.00tax overpayments to the federal budget 24602tax overpayments to the budgets of the constituent entities of the Russian0.0024603Federationtax overpayments to local budgets 24604 0.00overpayments to extra-budgetary funds 24605 0.00payables to RAO UES of Russia for engineering services 246070.000.000.000.0023,940,673.00receivables from RAO UES of Russia for engineering services 24608 0.00payables to RAO UES of Russia for design and engineering 24609 0.00receivables from RAO UES of Russia for design and engineering 24610 0.00other receivables 246111,488,507,840.00settlements related to share purchase 24612 51,000.00notes 24613 6,246,105,000.00Short-term financial investments, including 250 79,603,762.63205

loans extended for less than 12 months 251 79,603,762.63other short-term financial investments 253 0.00Cash, including 260 320,095,769.87cash in hand 261 0.00settlement accounts 262 320,095,769.87foreign currency accounts 263 0.00other cash, namely: 264 0.00special bank accounts 26401 0.00cash documents 26402 0.00transfers in transit 26403 0.00Other current assets, including 270 0.00intercompany settlements related to current operations 27002 0.00intercompany settlements related to construction 27003 0.00intercompany settlements related to design and engineering 27004 0.00intercompany settlements related to asset protection budget 27006 0.00intercompany settlements related to VAT 27007 0.00other current assets 27005Section II Total 290 13,389,460,381.20Balance (sum of lines 190+290) 300 246,419,920,890.63III. CAPITAL AND RESERVESAuthorized capital, including 4100.0043,116,903,368.00preference shares 41001 2,075,149,384.00ordinary shares 41002 41,041,753,984.00Treasury shares 411Incremental capital 420Settlements with regard to segregated property 423Reserve funds, including 430 0.00statutory reserves 431 0.00reserves formed in accordance with constitutive documents 432Special-purpose financing 450 0.00Undistributed profit of previous years 460 195,341,204,292.09Uncovered loss of previous years 465 0.00Undistributed profit of the reporting year 470 0.00Uncovered loss of the reporting year 475 0.00Section III Total 490 238,458,107,660.09IV. LONG-TERM LIABILITIESLoans and advances, including 5100.00bank loans repayable within more than 12 months5110.00other loans repayable within more than 12 months512Deferred tax liabilities 515 0.00Other long-term liabilities, including 520 0.00accounts payable to suppliers and contractors 52001 0.000.000.00206

accounts payable to social funds, including 52002 0.00Pension Fund of the Russian Federation 52003 0.00Compulsory medical insurance fund 52004 0.00Employment fund 52005 0.00Social insurance fund 52006 0.00penalties and fines payable to extra-budgetary funds 52007 0.00accounts payable to the budget (restructured taxes), namely: 52008 0.00federal budget 52009 0.00budgets of the constituent entities of the Russian Federation 52010 0.00local budgets 52011 0.00profit tax payable (based on the transitional period base) to: 52020 0.00federal budget 52021 0.00budgets of the constituent entities of the Russian Federation 52022 0.00local budgets 52023 0.00Other long-term liabilities 52012 0.00Section IV Total 590 0.00V. SHORT-TERM LIABILITIESLoans and advances, including 610 0.00bank loans repayable within 12 months 611 0.00loans repayable within 12 months of the balance sheet date 612 0.00Accounts payable, including 6207,726,325,532.46suppliers and contractors, namely: 621 0.00suppliers of electricity through FOREM 62101 0.00other electricity and heat suppliers 62102 0.00gas suppliers 621030.00fuel oil suppliers 62104 0.00coal suppliers 62105 0.00other fuel suppliers 62112 0.00construction entities 621060.00maintenance entities 62107 0.00transmission fee payable to RAO UES of Russia 62108 0.00payables to Rosenergoatom Concern 62110 0.00payables to NPPs 62111 0.00payables to other suppliers and contractors 62109 266.67transmission fee payable to SO – CDA 62113 0.00transmission fee payable to JSC FGC UES 62114 0.00notes payable 622 0.00payables to subsidiaries and dependent companies 623 0.00payables to personnel, namely: 624 0.00current payables 62401 0.00past due payables 62402 0.00debts to extra-budgetary public funds 623 0.00207

tax payables 624 0.00social insurance and benefits payable, including 625 0.00Pension Fund of the Russian Federation 62501 0.000.00Compulsory medical insurance fund 625020.00Employment fund 625030.00Social insurance fund 62504 0.00penalties and fines payable to extra-budgetary funds 62505 0.000.00taxes and dues payable 6260.00current accounts payable to the budget, including 62610 0.00federal budget 62601 0.000.00budgets of the constituent entities of the Russian Federation 626020.00local budgets 62603 0.00profit tax payable (based on the transitional period base) to: 62620 0.00federal budget 62621budgets of the constituent entities of the Russian Federation 62622local budgets 62623advance payments received from: 627 0.00electricity consumers through FOREM 62701 0.00other electricity and heat suppliers 62702 0.00other advance payments received 62703 0.00other accounts payable, including 6287,726,325,265.79VAT on unpaid products 62801 0.00payables to R&D extra-budgetary fund 62802 0.00payables to RAO UES of Russia for engineering services 62804 0.00receivables from RAO UES of Russia for engineering services62805 0.00payables to RAO UES of Russia for design and engineering 62806 0.00receivables from RAO UES of Russia for design and engineering 62807 0.00other payables 62808 7,726,325,265.79Payables to members (founders) with respect to their earnings 630Deferred revenue 640 235,487,698.08Reserve for future expense and payments 650 0.00Other short-term liabilities, including 660 0.00intercompany settlements related to current operations 66002intercompany settlements related to construction 66003 0.00intercompany settlements related to design and engineering 66004 0.00intercompany settlements related to asset protection budget 66006 0.00intercompany settlements related to VAT 66007 0.00other short-term liabilities 66005 0.00Section V Total 690 7,961,813,230.54BALANCE (sum of lines 490+590+690) 700 246,419,920,890.63Fixed assets leased 910 0.00including leasing 911 0.00Inventories accepted for custody 920 0.00Materials accepted for processing 925 0.00Goods accepted for commission 930 0.00Equipment accepted for installation 935 0.000.000.00208

Registered high-security forms 990 0.00Bad debt write-off 940 0.00Collateral securing obligations and payments received 950 0.00Collateral securing obligations and payments provided 960 0.00Fixed property depreciation 970 0.00Depreciation of land improvement facilities and other similar assets 980 66.034.71Fixed assets leased out 992 0.00Federally-owned property 993 0.00Intangible assets granted for use 995 0.00Director GeneralChief AccountantA. I. Kazakovsignatureprint full nameS. V. Makshakovsignatureprint full nameJuly 1, 2008Appendix 2.Auditors’ Report on the Initial Financial (Accounting) Statements of JSC IDGC Holding(Issuer) as of July 1, 2008209

FIABCI-RUSSIARSAInstitute of Professional Auditors (IPAR)NP Consult (consulting and auditing group)115191, Moscow, Dukhovskoi per., 14Telephone/Fax: (495) 954-4726(495) 954-4408(495) 954-3180(495) 952-1041(495) 954-1553E-mail: mailto:npg@npg.ruwww.npg.ruAUDITORS' REPORT No. 1-118-10-08on the Initial Financial (Accounting) Statements ofJSC IDGC Holdingas of July 1, 2008Moscow, 2008An Independent Firm NP Consult, in association withMoore Stephens International Limited,members in principal cities throughout the world;in association with AKG MOORE STEPHENS RUS210

ZAO NP Consultto the Shareholders of JSC IDGC HoldingInformation Concerning the Auditor:NameNP Consult Closed Joint-Stock CompanyINN (TaxpayerIdentificationNumber) / KPP 7737017200 / 772501001(TaxpayerRegistrationJustification Code)State Registration State registration date: December 24, 1992Number of state registration certificate: 427.526Registration authority: Moscow Registration ChamberPrimary state registration number under which a record was made in theUnified State Register of Legal Entities (EGRYuL): 1027700283566Date on which a record was made in EGRYuL: October 7, 2002Place of Business 115191, Moscow, Dukhovskoi per., 14Postal Address 115191, Moscow, Dukhovskoi per., 14Telephone (495) 952-1041, 954-4726Telefax (495) 954-4726Licenses- License to perform audits No. E004289 was issued pursuant to Decree of theMinistry of Finance of the Russian Federation No. 140, dated May 15, 2003,and will be valid until May 15, 2013;- License to perform work related to the use of state secret No. B347955,dated June 9, 2006, was issued by the Moscow and Moscow RegionDirectorate of the Federal Security Service of the Russian Federation and willbe valid until December 29, 2010.Membership in a Institute of Professional Auditors (IPAR)CertifiedProfessionalAssociation ofAuditorsInformation Concerning the Auditee:NameINN (TaxpayerIdentificationNumber) / KPP(TaxpayerRegistrationJSC IDGC Holding7728662669 / 772801001211

Justification Code)State Registration State registration date: July 1, 2008Number of state registration certificate: series 77 No. 011168002Registration authority: Inter-District Inspectorate of the Ministry of Taxationof the Russian Federation No. 46 for MoscowPrimary state registration number under which a record was made in theUnified State Register of Legal Entities (EGRYuL): 1087760000019Date on which a record was made in EGRYuL: July 1, 2008Place of Business 117630, Moscow, ul. Akademika Chelomeya, d. 5APostal Address 117630, Moscow, ul. Akademika Chelomeya, d. 5ATelephone (495) 710-6432Telefax (495) 710-6250212

ZAO NP ConsultWe have audited the accompanying initial financial (accounting) statements of JSC IDGC Holding(hereinafter the "Company") as of July 1, 2008.The initial financial (accounting) statements of the Company consist of the initial Balance Sheet.The management of the Company is responsible for the preparation and submission of these initialfinancial (accounting) statements. Our responsibility is to express an opinion on the reliability of thesefinancial (accounting) statements in all material respects with the laws of the Russian Federation basedon the conducted audit.We conducted our audit in accordance with:- the Federal Law "On Auditing";- Federal Auditing Rules (Standards);- our internal standards on auditing.The audit was planned and performed to obtain reasonable assurance about whether the initial financial(accounting) statements of the Company are free of material misstatement.The audit includes examining, on a test basis, evidence supporting the amounts in the initial financial(accounting) statements, assessing compliance with the accounting principles and rules used in thepreparation of the initial financial (accounting) statements, considering the principal estimates made bythe management of the auditee as well as evaluating the initial financial (accounting) statementpresentation.We believe that our audit provides a reasonable basis for our opinion on the reliability of the initialfinancial (accounting) statements in all material respects and their conformity with the laws of theRussian Federation.In our opinion, the initial financial (accounting) statements of the Company present fairly, in allmaterial respects, the financial position of the Company as of July 1, 2008, in accordance with therequirements of laws of the Russian Federation with regard to the preparation of financial (accounting)statements.Director General (signature) A. A. NesterovNP Consult Closed Joint-Stock CompanyAuditorGeneral Audit Qualification Certificate No. K 016034 (signature) L. A. Zadorogina(unlimited)October 16, 2008213

INITIAL BALANCE SHEETCODESAs of July 1, 2008Form No. 1 asper the RussianClassification ofManagement71ООО1Documentation(OKUD)Date (year,month, day)2008/7/1As per RussianClassification ofEntity: JSC IDGC HoldingEnterprises and 94129941Organizations(OKPO)Taxpayer Identification Number INN 7728662669Activity type: management of holding companiesAs per RussianClassification ofEconomicActivities74.15.2Legal Form / Property Categoryopen joint-stock companyMeasurement unit:rublesLocation: 117630, Moscow, ul. Akademika Chelomeya, d. 5A(OKVED)As per RussianClassification ofOrganizationaland Legal Forms/ RussianClassification ofPropertyCategories(OKOPF/OKFS)As per RussianClassification ofMeasurementUnits (OKEI)47/43Balance Sheet Items Code At Beginning ofPeriodASSETSI. NON-CURRENT ASSETSIntangible assets, including 110 0.000.00rights to patents, programs, trademarks and other similar rights and assets 111organizational expenses 112 0.00goodwill of the entity 113 0.00other intangible assets 114 0.00Research, development and engineering expenses 115 0.00Fixed assets, including 120 8,860,743.35land and natural resources 121 0.00214

uildings, structures, machinery and equipment 1228,676,545.35other fixed assets 123184,198.00Investments in non-current assets, including 1301,682,947,066.24equipment for installation 13001 0.00investments in non-current assets 13002 1,682,947,066.24Income-bearing investments in tangible assets, including 1355,069,178.20property for lease 1360.00property leased out under rental agreement 137 5,069,178.20231,333,583,521.64Long-term financial investments, including 140investments in subsidiaries 141224,742,756,435.28investments in dependent companies 142 6,590,613,143.36investments in other entities 143 213,943.00loans extended for more than 12 months 1440.00other long-term financial investments 145 0.00Deferred tax assets 1480.00Section I Total 190 233,030,460,509.43II. CURRENT ASSETSInventories, including 210 68,563,932.07raw materials, materials and other similar assets, namely: 211 0.00fuel oil 21101 0.00coal 211020.00diesel fuel 21103 0.00other process fuel 21104 0.00spare parts 21105 0.00other raw materials and materials 211070.00livestock 212 0.00work-in-progress costs (marketing costs) 213 0.00finished products and goods for resale 214 0.00goods dispatched 215 0.00deferred expenses 216 68,563,932.07other inventories and costs 217 0.00Value added tax on assets purchased 220 255,032,359.18Accounts receivable (amounts falling due within more than 12 monthsof the balance sheet date), including 230 4,844,730,282.61buyers and customers, namely: 231 0.00financed by the federal budget 23101 0.00financed by the budgets of the constituent entities of the Russian Federation 23102 0.00financed by local budgets 231030.00215

other buyers and customers 23104notes receivable 232 0.00receivables from subsidiaries and dependent companies 233 0.00advance payments made 234other receivables 2350.000.004,844,730,282.61receivables under equity participation agreements 23501 0.00rotes receivable 23502 4,844,730,282.61other receivables 23503Accounts receivable (amounts falling due within12 months of the balance sheet date), including 240 7,821,434,274.84buyers and customers, namely: 241intra-group sale of electricity through FOREM 24101 0.00electricity and heat selling dealers 24102 0.00entities financed by the federal budget 24103entities financed by the budgets of the Russian Federation 24104 0.00entities financed by local budgets 24105 0.00other electricity and heat consumers 24106 0.00transmission fee payable 241070.000.000.0061,484,686.45other buyers and customers 24108 1,345,075.39notes receivable 242 0.00receivables from subsidiaries and dependent companies 243 0.00receivables from participants with respect to authorized capital contributions 244advance payments made to: 245 0.00electricity and heat suppliers 24501 0.00fuel suppliers 24502 0.00materials suppliers 24503construction entities 24504 0.00maintenance entities 24505 0.00service suppliers 24506 0.00other advance payments made 24507 0.00other receivables, including 246 7,758,604,513.00penalties, fines, late charges receivable under agreements 24601 0.00tax overpayments to the federal budget 24602 0.00tax overpayments to the budgets of the constituent entities of the Russian0.0024603Federationtax overpayments to local budgets 24604 0.00overpayments to extra-budgetary funds 24605 0.00payables to RAO UES of Russia for engineering services 24607 23,940,673.00receivables from RAO UES of Russia for engineering services 24608payables to RAO UES of Russia for design and engineering 24609 0.000.000.000.00216

eceivables from RAO UES of Russia for design and engineering 246100.00other receivables 24611 1,488,507,840.00settlements related to share purchase 24612 51,000.00notes 246136,246,105,000.00Short-term financial investments, including 25079,603,762.63loans extended for less than 12 months 251 79,603,762.63other short-term financial investments 253 0.00Cash, including 260320,095,769.87cash in hand 261 0.00settlement accounts 262 320,095,769.87foreign currency accounts 263 0.00other cash, namely: 2640.00special bank accounts 264010.00cash documents 26402 0.00transfers in transit 26403 0.00Other current assets, including 2700.00intercompany settlements related to current operations 27002 0.00intercompany settlements related to construction 27003 0.00intercompany settlements related to design and engineering 27004 0.00intercompany settlements related to asset protection budget 270060.00intercompany settlements related to VAT 27007 0.00other current assets 27005 0.00Section II Total 290 13,389,460,381.20Balance (sum of lines 190+290) 300246,419,920,890.63III. CAPITAL AND RESERVESAuthorized capital, including 410 43,116,903,368.00preference shares 41001 2,075,149,384.00ordinary shares 4100241,041,753,984.00Treasury shares 411Incremental capital 420 0.00Settlements with regard to segregated property 423Reserve funds, including 430 0.00statutory reserves 431 0.00reserves formed in accordance with constitutive documents 432 0.00Special-purpose financing 450 0.00Undistributed profit of previous years 460 195,341,204,292.09Uncovered loss of previous years 4650.00Undistributed profit of the reporting year 470 0.00Uncovered loss of the reporting year 475 0.00217

Section III Total 490238,458,107,660.09IV. LONG-TERM LIABILITIESLoans and advances, including 5100.00bank loans repayable within more than 12 months5110.00other loans repayable within more than 12 months512Deferred tax liabilities 515 0.00Other long-term liabilities, including 520accounts payable to suppliers and contractors 52001accounts payable to social funds, including 52002 0.00Pension Fund of the Russian Federation 52003 0.00Compulsory medical insurance fund 52004Employment fund 52005Social insurance fund 52006 0.00penalties and fines payable to extra-budgetary funds 52007 0.00accounts payable to the budget (restructured taxes), namely: 52008federal budget 52009 0.00budgets of the constituent entities of the Russian Federation 52010 0.00local budgets 52011 0.00profit tax payable (based on the transitional period base) to: 52020federal budget 52021 0.00budgets of the constituent entities of the Russian Federation 52022 0.00local budgets 52023 0.00Other long-term liabilities 52012Section IV Total 590 0.00V. SHORT-TERM LIABILITIESLoans and advances, including 610 0.00bank loans repayable within 12 months 611loans repayable within 12 months of the balance sheet date 612 0.00Accounts payable, including 620 7,726,325,532.46suppliers and contractors, namely: 621 0.00suppliers of electricity through FOREM 62101 0.00other electricity and heat suppliers 62102 0.00gas suppliers 62103 0.00fuel oil suppliers 62104 0.00coal suppliers 62105 0.00other fuel suppliers 62112construction entities 62106 0.00maintenance entities 62107 0.000.000.000.000.000.000.000.000.000.00218

transmission fee payable to RAO UES of Russia 62108payables to Rosenergoatom Concern 62110 0.00payables to NPPs 62111 0.00payables to other suppliers and contractors 62109transmission fee payable to SO – CDA 621130.00266.67transmission fee payable to JSC FGC UES 62114 0.00notes payable 622 0.00payables to subsidiaries and dependent companies 623payables to personnel, namely: 624current payables 62401 0.00past due payables 62402 0.00debts to extra-budgetary public funds 623tax payables 624social insurance and benefits payable, including 625Pension Fund of the Russian Federation 62501 0.000.00Compulsory medical insurance fund 625020.00Employment fund 625030.00Social insurance fund 62504 0.00penalties and fines payable to extra-budgetary funds 62505 0.000.00taxes and dues payable 6260.00current accounts payable to the budget, including 62610 0.00federal budget 62601 0.000.00budgets of the constituent entities of the Russian Federation 626020.00local budgets 62603 0.00profit tax payable (based on the transitional period base) to: 62620 0.00federal budget 62621budgets of the constituent entities of the Russian Federation 62622local budgets 62623advance payments received from: 627 0.00electricity consumers through FOREM 62701 0.00other electricity and heat suppliers 62702 0.00other advance payments received 62703 0.00other accounts payable, including 628 7,726,325,265.79VAT on unpaid products 62801 0.00payables to R&D extra-budgetary fund 62802 0.00payables to RAO UES of Russia for engineering services 62804 0.00receivables from RAO UES of Russia for engineering services 62805 0.00payables to RAO UES of Russia for design and engineering 62806 0.00receivables from RAO UES of Russia for design and engineering 62807 0.00other payables 62808 7,726,325,265.79Payables to members (founders) with respect to their earnings 630Deferred revenue 640 235,487,698.080.000.000.000.000.000.000.00219

Reserve for future expense and payments 6500.00Other short-term liabilities, including 660 0.00intercompany settlements related to current operations 66002 0.00intercompany settlements related to construction66003 0.00intercompany settlements related to design and engineering66004 0.00intercompany settlements related to asset protection budget 66006 0.00intercompany settlements related to VAT 66007 0.00other short-term liabilities66005 0.00Section V Total 6907,961,813,230.54BALANCE (sum of lines 490+590+690) 700 246,419,920,890.63Fixed assets leased 910 0.00including leasing9110.00Inventories accepted for custody9200.00Materials accepted for processing 925 0.00Goods accepted for commission 930 0.00Equipment accepted for installation9350.00Registered high-security forms 990 0.00Bad debt write-off 940 0.00Collateral securing obligations and payments received 950 0.00Collateral securing obligations and payments provided9600.00Fixed property depreciation 970 0.00Depreciation of land improvement facilities and other similar assets 980 66.034.71Fixed assets leased out 992 0.00Federally-owned property9930.00Intangible assets granted for use 995 0.00Director GeneralChief AccountantA. I. Kazakovsignatureprint full nameS. V. Makshakovsignatureprint full nameJuly 1, 20088 pages numbered and stitched(signature)220

Appendix 3.Information Concerning the Accounting Policy of the Issuer for 2008JSC INTERREGIONAL DISTRIBUTION GRID COMPANIES HOLDINGORDERSeptember 5, 2008 No. 44Accounting Policy of JSC IDGC Holdingfor 2008Relying on paragraph 3 of Article 5 of Federal Law No. 129-FZ "On Accounting"dated November 21, 1996; paragraph 3.3 of Guidelines for the Preparation andSubmission of Consolidated Accounting Statements, approved by Decree of theMinistry of Finance of the Russian Federation No. 112 dated December 30, 1996, andthe Tax Code of the Russian Federation,I HEREBY ORDER THAT:1. The Regulations for the Accounting Policy of JSC IDGC Holding for 2008and the standard chart of accounts of JSC IDGC Holding as specified in appendices 1and 2 be approved.2. The workflow schedule for the business and tax accounting purposes of JSCIDGC Holding as specified in appendix 3 be approved.3. The Department for Business and Tax Accounting ensure the application ofthe principal elements of accounting policy.4. This order shall come into force on July 1, 2008.5. Enforcement of this order shall be entrusted to Chief Accountant heading theDepartment for Business and Tax Accounting.Director GeneralA. I. Kazakov221

Appendix 1to Order of JSC IDGC HoldingNo. 44 of September 5, 2008Regulations for the Accounting Policy ofJSC IDGC Holding for 20081. General ProvisionsJSC IDGC Holding (hereinafter the "Company") shall organize and maintainaccounting records, prepare financial statements in accordance with Federal Law No.129-FZ "On Accounting" dated November 21, 1996, and other regulatory documents inthe field of accounting.Business and tax accounting records shall be maintained by the Department forBusiness and Tax Accounting.2. Working Chart of Accounts, Workflow Rules, Technology for theProcessing of Accounting Information and Preparation of Statements2.1. The accounting policy documents of the Company shall include theseregulations, working chart of accounts and workflow schedule (rules).2.2. Working chart of accounts shall be used for maintaining accounting records.The working chart of accounts of the Company shall be prepared in accordance with theChart of Accounts approved by Decree of the Ministry of Finance of the RussianFederation No. 94n dated October 31, 2000, and adjusted for the functionality of thesoftware used by the Company for maintaining accounting records.2.3. The ledgers of the Company shall be prepared in a format supported by thesoftware on the base of which the Company maintains its accounting records.2.4. The workflow rules of the Company shall be governed by the workflowschedule for the purposes of maintaining accounting and tax records and preparingstatements. The workflow schedule shall specify the time limits, procedure and scope forthe submission of source accounting or other documents to the Department for Businessand Tax Accounting by the functions of the Company. The time limits and scope for thesubmission of the financial and tax statements of the Company to the duly authorizedsupervisory government bodies shall not be established by the workflow schedule andshall be governed by the applicable law.2.5. To document business facts the Company shall use the standard forms ofsource accounting documents established by the State Committee of the RussianFederation on Statistics, the Ministry of Finance of the Russian Federation and any other222

duly authorized executive bodies. Documents to which standard forms are not applicableshall be developed by the Company internally and approved by the Order of theCompany's chief executive.2.6. The principal rules of maintaining accounting records and documentingbusiness operations shall comply with the Regulations for Accounting and Reporting inthe Russian Federation adjusted for certain industry characteristics adopted and reflectedin this document and other directive documents of the Company.2.7. The annual financial statements of the Company shall be considered andapproved by the General Meeting of Shareholders and submitted within the time limitsand at the addresses specified in Article 15 of Federal Law No. 129-FZ "OnAccounting" dated November 21, 1996.2.8. The annual financial statements of the Company shall be published not laterthan June 1 of the year following the reporting year.2.9. The content of accounting and tax ledgers, internal financial accountingforms shall be secrecy in business. The individuals granted access to the informationcontained in these documents shall be obliged to preserve the confidentiality ofcommercial transactions. They shall be liable for the disclosure thereof as specified inthe internal orders of the Company and the laws of the Russian Federation.2.10. The right to sign source accounting documents shall be held by theManagement of the Company in accordance with the directive documents of theCompany (orders and powers of attorney), which shall be agreed with Chief Accountant,heading the Department for Business and Tax Accounting.2.11. Documents on business transactions involving cash flow (through bankaccounts or pay office of the entity) shall be signed by the Director General of theCompany and Chief Accountant, heading the Department for Business and TaxAccounting, as well as the individuals duly authorized by them under powers ofattorney.2.12. The accounting records for property, liabilities and business transactionsshall be maintained in rubles and kopecks.2.13. Initial financial statements of the Company shall be prepared based on theSeparation Balance Sheet of RAO UES of Russia as of March 31, 2007, approved at theExtraordinary General Meeting of RAO UES of Russia on October 26, 2007 (includingthe Rules for the Allocation of Property, Rights and Obligations During theReorganization of RAO UES of Russia Through a Spin-off and a Spin-off Accompaniedby Takeover).3. Procedure for Taking Inventory of Property and Liabilities3.1. An inventory of property and liabilities shall be taken in accordance withArticle 12 of amended Federal Law No. 129-FZ "On Accounting" dated November 21,1996, and the Guidelines for Taking Inventory of Property and Financial Liabilities223

approved by Decree of the Ministry of Finance of the Russian Federation No. 49 datedJune 13, 1995.4. Fixed Asset Accounting4.1. Fixed asset accounting records shall be maintained in accordance withamended AR (Accounting Regulations) 6/01 approved by Decree of the Ministry ofFinance of the Russian Federation No. 26n, dated March 30, 2001.4.2. Assets fulfilling the terms and conditions set forth in paragraph 4 of theAccounting Regulations "Fixed Asset Accounting" of AR 6/01 valued at not more than20,000 rubles per unit shall be recognized in accounting records and financial statementsas inventory.4.3. Fixed assets shall be depreciated using the straight-line method based on theuseful life of these assets. Depreciation shall be accumulated in accordance withResolution of the Government of the Russian Federation No. 1, dated January 1, 2002,"On Classification of Fixed Assets Included in Depreciation Groups".4.4. Under Order of the Director General, the Company may revalue the groupsof homogenous fixed assets at their current (net book) value through direct recalculationat documented market prices based on expert judgment on the current (net book) valueof fixed assets.4.5. Fixed assets the rights to which are subject to state registration in accordancewith the laws of the Russian Federation and for which capital investments arecompleted, the appropriate source accounting documents of delivery are executed,documents are submitted for state registration and which are actually in operation shallbe recorded in the accounting books as fixed assets in a separate subaccount of fixedassets account.Depreciation shall be accumulated on such assets on a standard basis as from thefirst day of the month following the month in which the asset is commissioned.4.6. Operations related to a write-off of the Company’s fixed assets shall beexecuted by appropriate statements using unified forms specified in laws withoutpreparing a fixed asset write-off order. The operations for the delivery of fixed assetsshall involve the preparation of property acceptance certificate as a retirement documentusing the form provided in Appendix 4 hereto, containing all details of the unified formsprepared in the delivery of fixed assets specified in laws.5. Intangible Asset Accounting224

5.1. Intangible asset accounting records shall be maintained in accordance withAR 14/2007 approved by Decree of the Ministry of Finance of the Russian FederationNo. 153n dated December 27, 2007.5.2. Intangible assets shall be depreciated using the straight-line method basedon the useful life of intangible assets. The useful life shall be determined by thecommission of the Company to be approved by order of the Director General of theCompany.5.3. Depreciation shall not be accumulated on intangible assets with anindefinite useful life. After inventory-taking, the Company on an annual basis shallsearch for factors preventing reliable determination of the useful life of these assets. Ifthese factors disappear, the Company shall determine the useful life of these intangibleassets.5.4. On an annual basis, the entity shall check whether the useful life of anintangible asset needs to be revised. In the event of significant changes in the duration ofuse and expected timing of future economic benefits from using an intangible asset,useful life shall be approved by the commission of the Company established by order ofthe Director General of the Company.5.5. Intangible asset depreciation shall be recognized in the accounting booksthrough the accumulation of the amounts concerned in balance sheet account 05"Intangible Asset Depreciation".5.6. Under Order of the Director General, the Company may revalue the groupsof homogenous intangible assets at their current market value determined exclusivelybased on data from the active market for these intangible assets. Revaluation shall beperformed through the recalculation of their residual value based on expert judgment onthe current (net book) value of fixed assets.6. Accounting for Financial Investments6.1. Financial investment accounting records shall be maintained in accordancewith amended AR (Accounting Regulations) 19/02 approved by Decree of the Ministryof Finance of the Russian Federation No. 126n, dated December 10, 2002.6.2. The analytical accounting records of financial investments shall be brokendown by type of financial investment and facility in which these investments are made(securities issuing entities, other entities in which the organization participates,borrowing entities, etc).6.3. A unit of financial investment accounting depending on the characteristics,acquisition and application procedure shall be state registration code, a series or otherhomogenous set of financial investments.6.4. In the disposal of financial investments whose market value isundeterminable, the original value of each unit of financial investment accounting shall225

apply to promissory notes and the original value of financial investments purchased first(FIFO method) shall apply to shares and bonds.6.5. For subsequent valuation purposes, financial investments shall be divided intotwo groups: financial investments whose current market value can be determined inaccordance with the procedure specified in these Regulations and financial investmentswhose current market value can not be determined.The value of financial investments whose current market value can be determinedin accordance with the approved procedure shall be adjusted on an annual basis as of theaccounting year-end.Current market value shall apply to the valuation of debt securities.6.6. Contributions to the authorized (share) capitals of other entities shall berecognized as financial investments of the organization and recorded in the accountingbooks as the equivalent of actual costs incurred by the investor, i.e. at the value ofcontributed assets at which they are recorded in the balance sheet of the investor.6.7. The Company shall establish a reserve against the depreciation of financialinvestments in the event of sustainable significant reduction in their value. Reserve shallbe formed as of the final date of the reporting year in accordance with the procedureprovided for by AR (Accounting Regulations) 19/02 and in conformity with thecalculation provided by the function of the Company accountable for calculation.6.8. Interest (coupon yield, discount) on securities shall be accrued for each ofprevious reporting years in accordance with the terms and conditions of the agreementand shall be recorded as other income (expense).6.9. The discount value of extended loans shall not be calculated by the Company.6.10. All costs directly associated with the acquisition of assets as financialinvestments irrespective of their amount shall be included in the original value offinancial investments.6.11. The value of shares in newly established entities in the reorganizationthrough a spin-off or demerger received by JSC IDGC Holding shall be determined inthe accounting records in accordance with the procedure for tax accounting set forth inparagraph 17.4.6.7. Inventory Accounting7.1. Inventory accounting records shall be maintained in accordance withamended AR (Accounting Regulations) 5/01 approved by Decree of the Ministry ofFinance of the Russian Federation No. 44n, dated June 9, 2001.7.2. Inventory launched into production, used for repair operations, capitalconstruction or disposed of in any other manner shall be valued at the production cost of226

each unit. The production cost of each unit shall include all expenses in connection withthe acquisition of inventories.7.3. Goods purchased shall be recorded in account 41 "Goods" at purchaseprices.7.4. The analytical accounting records of materials shall be maintained usingcash method of accounting. Contractual prices shall be used as book prices.7.5. Stock number shall be a unit of inventories.7.6. Operations related to the procurement and acquisition of material resourcesshall be recognized in the accounting records without using account 15 "Procurementand Acquisition of Materials" and account 16 "Materials Cost Deviation".7.7. Transportation and procurement expenses shall be included in the actualproduction cost of material.7.8. Fittings, tools, fixtures with a useful life of less than one year shall berecognized as inventory in account 10 "Materials".7.9. Fixed assets valued at not more than 20,000 rubles per unit shall unit shallbe recognized as inventory in a separate subaccount of account 10 "Materials".8. Deferred Expense Accounting8.1. Expenses paid in this reporting period yet used by the Company in itsactivity during a certain period shall include the following expenses:• payments in connection with voluntary and mandatory property andemployee insurance;• costs in connection with the acquisition of copies of computer software;• expenses in connection with the acquisition of licenses to perform certainactivities;• expenses in connection with the leaves of future reporting periods;• other expenses related to future reporting periods.8.2. Deferred expenses shall be written off evenly during the period to whichthey relate. The duration of such period shall be determined as of the date on whichdeferred expenses are recorded in the accounting books.8.3. The life of deferred expenses whose useful life is not determined shall beestablished by the commission.8.4. Reserves for the future payment of employee vacation allowance, annuallong-service award, year-end bonuses, repair and other reserves for covering any othercontingencies shall not be established.9. Accounting for Settlements, Other Assets and Liabilities9.1. Accounts receivable shall be determined based on the prices established byagreements.227

Accounts receivable shall be recognized as short-term unless their maturityexceeds 12 months from the reporting date. The remaining accounts receivable shall berecognized as long-term. The above-mentioned period shall be calculated from the firstday of the calendar month following the month in which the asset is recorded in theaccounting books.9.2. Bad debt reserve shall be established once a year under a directive documentafter the annual inventory-taking prior to the preparation of the annual statements of theCompany. The amount of reserve shall be determined on a-case-by-case basis based onthe objective information about the solvency of the debtor.9.3. Other assets of the Company shall be valued at the actual costs as of the dateon which they are recorded in the accounting books.9.4. Accounts payable for obtained loans and advances shall be recorded andrecognized in the accounting books inclusive of interest payable at the end of thereporting period.Accounts payable to suppliers and other creditors shall be recorded andrecognized in the accounting books based on the amount of accepted invoices andaccrued liabilities.9.5. Additional expenses directly related to the obtainment of loans andadvances, placement of borrowings shall be included in costs in the reporting period inwhich they are paid.9.6. The accrual of payable expenses (interest, discount) on borrower's liabilitiesshall be recognized in the reporting periods to which these accruals relate under theexisting agreements.9.7. The accounting records of operations related to the issuance of bonds shallbe maintained in account 67 "Settlements for Long-Term Loans and Advances".9.8 Debts owed by the entity to its lenders secured by own promissory notesissued shall be recorded in account 66 "Settlements for Short-Term Loans andAdvances" (short-term) and in account 67 "Settlements for Long-Term Loans andAdvances" (long-term).9.9. Long-term accounts payable for obtained loans and advances shall not betransformed into short-term accounts even if in accordance with the terms andconditions of the loan and/or credit agreement 365 days are left before the repayment ofthe principal amount.9.10. In the event of issuance of a promissory note to obtain a cash loan andpayment for goods, work and services, the amount of interest or discount payable to thepromisee shall be included by the promisor in other expense evenly (on a monthly basis)using account 97 "Deferred expenses".9.11. The consolidated (grouped) amount of deferred tax assets and deferred taxliability shall be recorded in the financial statements.228

10. Financial Performance Accounting10.1. Income from ordinary activities shall be revenue from income fromparticipation in other entities.10.2. Direct expenses directly associated with the performance of work andprovision of services by the Company shall be recorded in account 20 "CoreOperations". These expenses shall be fully charged to the cost of products and servicessold in the reporting period and recognized in account "Core Operations". The list ofdirect expenses is provided in paragraph 17.4.2 of these regulations.10.4. General and administrative expenses shall be recorded by the Company inaccount 26 "General Expenses". These expenses shall be recognized in account 90"Production Cost: General Expenses".10.5. Expenses in connection with the repair of fixed assets shall be included inthe production cost as repair proceeds.10.6. Income and expense shall be recognized in the accounting books based onthe accrual principle assumption, suggesting the recognition in the accounting books ofthe Company's business facts in the reporting period in which they occur irrespective ofthe actual time of receipt or payment of funds related to these facts.10.7. Income and expense forming the financial performance and denominated inforeign currency shall be recalculated into rubles at the exchange rate of the Centralbank of the Russian Federation on the transaction date.10.8. The value of currency notes in pay office and cash in accounts with lendinginstitutions denominated in foreign currency shall be recalculated on the transaction dateand the date of preparation of financial statements.11. Accounting for Research, Development and Engineering Expenses11.1. The accounting records of Research, development and engineering expensesshall be maintained in accordance with amended AR (Accounting Regulations) 17/02approved by Decree of the Ministry of Finance of the Russian Federation No. 115ndated November 19, 2002.11.2. Analytical accounting records shall be maintained for each inventory: anyresearch, development or engineering operation performed show results areindependently used for production purposes.11.3. Expenses in connection with each R&D shall be written off using thestraight-line method during the period established by the Company.11.4. The depreciable life of expenses in connection with successful R&D shall bedetermined by the commission of the Company based on the expected useful life ofR&D during which the Company shall gain economic benefits (income), yet not morethan five years.229

12. Information About Participation in Joint Operations12.1. The accounting records of business transactions in the event of jointoperations, joint use of assets and joint activities shall be maintained in accordance withamended AR (Accounting Regulations) 20/03 approved by Decree of the Ministry ofFinance of the Russian Federation No. 105n of November 24, 2003.13. Segment Information13.1. In accordance with amended AR 12/2000 approved by Decree of theMinistry of Finance of the Russian Federation No. 11n dated January 27, 2000, theCompany shall view its activities as a single operational and geographic segment.14. Post Balance Sheet Events14.1. In accordance with amended AR 7/98 approved by Decree of the Ministry ofFinance of the Russian Federation No. 56n dated November 25, 1998, the Companyshall record in the financial statements any post balance sheet events which have or mayhave an impact on the financial standing, cash flow or performance of the entity and takeplace between the reporting date and the date on which the financial statements for thereporting period are signed.14.2. Post balance sheet events shall be reported in the financial statementsthrough the revision of data on respective assets, liabilities, capital, income and expenseof the Entity accompanied by the disclosure of respective information in the explanatorynote.14.3. For the monetary evaluation of the implications of a post balance sheetevent the respective calculation shall be made and the confirmation of such calculationshall be ensured. The calculation shall be made by the Department (function) to whichthe event relates in accordance with the functions performed.15. Contingent Business Facts15.1. In accordance with amended AR 8/01 approved by Decree of the Ministryof Finance of the Russian Federation No. 96n dated November 28, 2001, the financialstatements of the Company shall contain contingent business facts whose implicationsand likelihood are uncertain.230

15.2. Contingent liabilities (losses) shall be recognized through the accrual ofreserve in the synthetic and analytical accounting records as closing turnover of thereporting period prior to the approval of the annual accounting report. Contingent assetsshall not be recognized in the accounting books and the relevant information shall bedisclosed in the explanatory note. Information about contingent facts shall be disclosedin the statements based on the calculation prepared by the Department (function) towhich the event relates in accordance with the functions performed.16. Information About Related Parties16.1. In accordance with AR 11/2008 approved by Decree of the Ministry ofFinance of the Russian Federation No. 48n, dated April 29, 2008, the Company shallinclude information concerning related parties in a separate section of the explanatorynote made part of the financial statements.17. Tax Accounting17.1. Organization of Tax Accounting17.1.1. The Company shall calculate and pay taxes and dues in accordance with thelaws of the Russian Federation on taxes and dues and the laws of the constituententities of the Russian Federation on taxes and dues.17.1.2. Tax report preparation procedure, tax ledger forms and maintenanceprocedure, tax base formation procedure, the calculation and payment of taxes anddues shall be governed by these Regulations for the Accounting Policy as well theinternal documents of JSC IDGC Holding on the procedure for the calculation andpayment of individual taxes and dues. Tax ledgers may be maintained as specialforms (hard copies), in electronic format and/or using any machine-readable media.17.1.3 The tax portion of the accounting policy of JSC IDGC Holding shall beamended in the event of changes in the accounting procedure for certain businessoperations and/or assets for tax purposes in the event of changes in laws or applicableaccounting methods or if JSC IDGC Holding launches new activities.17.1.4. An inventory of liabilities related to settlements for taxes and dues shall betaken and debt reconciliation with tax authorities shall be performed on a quarterlybasis.231

17.2. Liability for Maintaining Tax Accounting Records and Preparing TaxReports17.2.1. Liability for the correct calculation of taxes and dues shall be borne by theChief Accountant of the Company, heading the Department for Business and TaxAccounting.17.2.2. To ensure correct and complete formation of tax bases for all taxes and dues,the functions of the Company shall submit the necessary information within the timelimits established by the workflow schedule in the forms and scope approved bycertain internal directive documents.17.3. Budget Settlements17.3.1. The accounting records of settlements for taxes and dues shall be maintainedin accounts on an accrual basis for each particular tax and due by budget level(federal, budget of the constituent entity of the Russian Federation, local budget) andtype of debt (principal amount of tax or levy in arrears, penalties, fines).17.4. Income Tax AccountingThe Company shall apply a unified organization system, methods and forms oftax accounting for income tax purposes under Chapter 25 of the Tax Code of theRussian Federation and this accounting policy for tax purposes.The Company shall calculate its tax base for each reporting (tax) period basedon tax reporting data if Chapter 25 of the Tax Code of the Russian Federationspecifies any procedure for grouping and recording assets and business transactionsfor tax purposes other than the procedure for grouping and recording in theaccounting records.The Company shall permit the revision and expansion of principles, procedureand forms of tax accounting set forth in this accounting policy for tax purposes duringthe tax period through the inclusion of additional analytical data, registers andprinciples of generalization of information, which is expected to contribute to morecorrect disclosure of the tax base formation.Source documents for tax accounting purposes shall be source financialaccounting documents transformed into tax ledgers based on which the tax base iscalculated.232

17.4.1. Fixed Assets and Intangible AssetsDepreciable property shall be any property whose useful life is more than 12 monthsand original value exceeds 20,000 rubles.For tax purposes it shall be ensured that accounting for costs included in the originalvalue of depreciable assets in the business and tax accounting records and costs notinvolved in forming the original value of depreciable property is maintainedseparately in accordance with tax accounting rules with respect to:• interest on borrowings (to be included in non-operating expenses);• payments for the registration of rights to immovable property and land,transactions involving the above-mentioned assets, payments for the provision ofinformation about registered rights, payment for the services of duly authorized bodiesand specialized organizations related to the appraisal of property, preparation of realproperty cadastral and technical accounting (inventory-taking) documents (to beincluded in other production and sale-related expenses);• exchanges rate and sum differences.The useful life of fixed assets shall be determined on a separate basis as of the date ofcommissioning of this asset in accordance with the classification of fixed assetsestablished by Resolution of the Government of the Russian Federation No. 1 "On theClassification of Fixed Assets Included in Depreciation Groups" dated January 1,2002, as amended by Resolution of the Government of the Russian Federation No.697 "On Amendment of the Classification of Fixed Assets Included in DepreciationGroups" dated November 18, 2006.For any types of fixed assets not specified in depreciation groups in accordance withResolution of the Government of the Russian Federation No. 1 "On the Classificationof Fixed Assets Included in Depreciation Groups" dated January 1, 2002, the usefullife shall be established in accordance with the specifications or recommendations ofproducers.The useful life of any previously used fixed assets acquired shall be reduced by thenumber of years (months) of operation of this property by its previous owners. If theactual useful life of acquired fixed assets when operated by their previous ownersequals or exceeds its useful life determined by the classification of fixed assetsapproved by the Government of the Russian Federation, the useful life shall bedetermined on a separate basis based on safety requirements and other factors.233

If as of disposal of a fixed asset the asset's actual useful life exceeds its depreciablelife, the loss on disposal of such fixed assets shall be included in other expenses on anon-recurrent basis immediately after disposal of such asset.The straight-line method of depreciation shall apply to all fixed assets based on thenorms calculated relying on useful lives in accordance with Article 259 of the TaxCode of the Russian Federation and Resolution of the Government of the RussianFederation No. 1 "On the Classification of Fixed Assets Included in DepreciationGroups" dated January 1, 2002.A special ratio (3) shall apply to the basic depreciation rate for depreciable fixedassets which are subject matter of a financial lease agreement.The basic depreciation rate applicable to automobiles (including leased ones) whoseoriginal value is more than 600,000 rubles shall use a special ratio of 0.5.Depreciable assets shall also include capital investments in leased fixed assets inthe form of non-removable improvements made by the lessee with the consent of thelessor.Capital investments in the leased fixed assets specified in paragraph one of subarticle1 of Article 256 of Chapter 25 of the Tax Code of the Russian Federation shall bedepreciated in accordance with the following procedure:capital investments the value of which is paid to the lessee by the lessor shall bedepreciated by the lessor in accordance with the procedure set forth in Article 25 of theTax Code of the Russian Federation;capital investments made by the lessee with the consent of the lessor the value ofwhich is not paid by the lessor shall be depreciated by the lessee during the effectiveperiod of the lease agreement based on depreciation amounts calculated with dueaccount for the useful life determined for leased assets in accordance with theClassification of Fixed Assets approved by the Government of the Russian Federation.If after the rehabilitation, upgrading or re-equipment of any fixed asset its usefullife is increased, the useful life shall increase under the directive documents of theCompany within the time limits established for the group in which such fixed asset isincluded earlier.The useful life of intangible assets shall be determined based on the term of a patent,certificate or other limitations on the useful life of intellectual property in accordancewith the laws of the Russian Federation or the applicable laws of a foreign countryand based on the useful life of the intangible assets specified in the relevantagreements.The depreciation rate for intangible assets whose useful life can not be determinedshall be ten years (yet shall not exceed the taxpayer's period of operation).The straight-line method of depreciation shall apply to all intangible assets.234

17.4.2. Tax Accounting for Production and Sale-Related ExpensesProduction-related expenses shall be divided into direct and indirect.Direct expenses shall include:• financial expenses provided for by paragraphs 1 and 4 of Article 254 of theTax Code of the Russian Federation and recorded in accordance with the working chartof accounts of JSC IDGC Holding in account 20 "Core Operations";• Expenses in connection with the compensation of the personnel involved inthe process of production of goods, performance of work, provision of services and theamount of unified social tax and mandatory industrial accident and occupational illnessinsurance contribution charged to the above-mentioned amounts of compensationexpenses and recorded in accordance with the working chart of accounts of JSC IDGCHolding in account 20 "Core Operations" recorded in accordance with the working chartof accounts of JSC IDGC Holding in account 20 "Core Operations";• depreciation of fixed assets used in the production of goods (work, services)and recorded in accordance with the working chart of accounts of JSC IDGC Holding inaccount 20 "Core Operations";• travel expenses recorded in accordance with the working chart of accountsof JSC IDGC Holding in account 20 "Core Operations".The Company shall include in the expenses of the reporting (tax) period anyexpenses associated with capital investments amounting to not more than 10 percent ofthe original value of fixed assets (with the exception of fixed assets received free ofcharge) and/or any expenses incurred in the event of completion, retrofit, rehabilitation,upgrading, re-equipment, partial liquidation of fixed assets the amounts of which aredetermined in accordance with Article 257 of this Code.The valuation method based on the value of inventory unit shall apply to thedetermination of financial expenses associated with the write-off of all types ofinventories used in the production of goods, performance of work, provision ofservices. The date of payment of the above-mentioned expenses shall be the date oftheir launch into production.The value of inventories in the form of surpluses identified during the inventorytakingand/or property received as a result of the dismantling or demolition ofdecommissioned fixed assets shall be determined as the amount of tax imposed onincome in the form of value of materials or other property in the dismantling ordemolition during the liquidation of decommissioned fixed assets, in the form of thevalue of surpluses of inventories and other property identified as a result of inventorytaking.Compensation expenses shall be considered for tax purposes, with the exception ofcontributions under mandatory and voluntary insurance contracts executed in favor of235

employees based on financial accounting data. The amount of the above-mentionedcontributions accepted for tax purposes shall be calculated in tax ledgers.The reserve for future expenses in connection with the payment of employee vacationallowance, annual long-service award and year-end bonuses shall not be established.All expenses associated with the production and sale not included in direct expensesshall be deemed indirect, with the exception of expenses recognized as non-operatingin accordance with Article 265 of the Tax Code of the Russian Federation. Indirectexpenses shall include expenses in connection with the repair of fixed assets,expenses in connection with voluntary and mandatory property insurance and otherexpenses as specified in the Tax Code of the Russian Federation.Expenses in connection with the repair of fixed assets shall be recognized for taxpurposes in the actual costs for the reporting (tax) period in which they are paid.Expenses in connection with the repair of fixed assets shall be recorded based on datarecognized in the accounting records.Direct expenses shall be fully charged in the current month to services rendered.In the event of sale or any other disposal of securities the expensed value of securitiessold shall be determined based on the production cost per unit.When income is received during several reporting (tax) periods and connectionbetween income and expense may not be determined with certainty or is determinedindirectly, expense allocation shall be adjusted for the principle of even recognition ofincome and expense. Expense related not only to the reporting period income but alsoto future income (expense in connection with the acquisition of rights to use computersoftware and databases, etc) shall be allocated between the reporting and futureperiods. Such allocation shall typically be made in accordance with the procedureapplicable to financial accounting purposes.17.4.3. Tax Accounting for Income and Expense from SalesIncome from the sale of goods (work, services) shall be recognized by type ofactivity.Income from the sale of goods (work, services) shall be recognized as of the day oftransfer of the product ownership right to buyers, the results of work performed orfee-based provision of services to customers determined in accordance with the termsand conditions of the existing agreements.For tax purposes, income from the sale of fixed assets and other property (with theexception of securities) shall be recognized based on financial accounting data net ofthe amounts of tax imposed on buyers and sum differences.236

Regular income from property lease recognized in the accounting records andfinancial statements as sales revenue in line 010 of the Income Statement shall berecognized for tax purposes as income from sale. Expense related to the lease of theproperty concerned shall be recognized for tax purposes as production and salerelatedexpenses.Property lease income shall be recognized in the tax accounting records as amountspayable for the reporting (tax) period in accordance with the terms and conditions ofthe existing agreements adjusted for the principle of even and proportionate formationof income and expense. The above-mentioned income shall be recognized in the taxaccounting records as of the day of their recording in the accounting books, yet notlater than the last date of the month to which they relate.Expense in the form of rental (lease) payments for rented (leased) property any othersimilar expense shall be recognized in tax accounting records as of the date ofexecution of the certificates of acceptance of rendered services and, unless theagreement provides for the preparation of the above-mentioned certificates, as of thedate of issued invoices with due consideration of the principle of even andproportionate formation of income and expense.17.4.4. Tax Accounting for Non-Operating Income and ExpenseFor tax purposes, consideration shall be given to exchange rate differencescalculated in accordance with accounting rules and recognized in ledgers adjusted forthe provisions of paragraph 11 of Article 250 and paragraph 5 of Article 265 of theTax Code of the Russian Federation.Income and expense from the purchase and sale of foreign currency shall beconsidered for tax purposes based on financial accounting data.For tax purposes, bad debt reserve shall be established at the end of the reporting (tax)period in accordance with paragraph 4 of Article 266 of the Tax Code of the RussianFederation.For tax purposes, expense in the form of interest under loan and other similaragreements (including interest and sum differences with respect to commitmentsexpressed in conventional units at the exchange rate of conventional monetary unitsagreed upon by and between the parties) shall be considered within the refinancingrate of the Central Bank of the Russian Federation increased 1.1-fold in the executionof debt obligation in rubles and amounting to 15 percent for debt obligations inforeign currency.17.4.5. Income Tax Calculation Procedure237

The Company shall calculate and make quarterly advance payments and makemonthly advance payments of one-third of the actual payment for the actuallygenerated profit for the quarter preceding the quarter in which advance payments aremade in accordance with the procedure set forth in Articles 286 and 287 of the TaxCode of the Russian Federation.17.4.6. Procedure for Determining the Value of Shares Received During theReorganization Through a Spin-offThe value of shares received as a result of reorganization of RAO UES of Russiashall be determined based on data from tax accounting records of reorganized RAO UESof Russia.The value of shares in newly established entities in the reorganization through aspin-off or demerger received by JSC IDGC Holding shall be determined in accordancewith the procedure specified in Article 277 of the Tax Code of the Russian Federation.17.5. Value Added TaxTax base shall be determined as of the earliest of the following dates:1) day of shipment (transfer) of goods (work, services), property rights;2) day of payment, partial payment for the future delivery of goods (performance ofwork, provision of services), transfer of property rights.For the assignment by the new creditor which received a monetary claim and thetransfer of property rights or the acquisition of a monetary claim it shall be the day ofassignment of the claim, termination of the respective obligation or the day offulfillment of the obligation by the debtor; in the event of transfer of rights related to theagreement execution right and lease rights it shall be the day of transfer of such rights.17.5.1. Maintenance of Separate Accounting for Production and Sales CostsIn accordance with separate regulations approved by the chief executive of theCompany, the Company shall ensure separate maintenance of costs in connection withthe production and sale of:• taxable and non-taxable (tax-exempt) goods (work, services);• goods (work, services) to which various tax rates are applicable byoperation of law;238

The amounts of VAT on purchased goods (work, services) used only for theproduction and/or sale of VAT-exempt goods (work, services) shall be recognized as thecost of such purchased goods (work, services). The amounts of tax declared by thesellers of goods (work, services) used both for the production and/or sale of taxablegoods (work, services) and non-taxable goods (work, services) shall be accepted fordeduction or recognized as cost in proportion to the (VAT-exclusive) cost of taxable andnon-taxable goods (work, services) sold respectively as a percentage of total cost ofgoods (work, services) sold based on data for the current tax period. The amounts of taxdeclared by the sellers of goods (work, services) used for the production and/or sale ofVAT-exempt goods (work, services) shall be recorded in separate subaccounts ofaccount 19 "Input VAT".The amount of VAT on goods (work, services) used for the production and/or sale ofboth VAT-exempt and non-taxable goods (work, services) corresponding to the perunitweight of cost (VAT-exclusive) of VAT-exempt goods (work, services) sold shallnot be accepted for deduction, but be recognized as the cost of purchased goods(work, services).17.5.2. Procedure for the Preparation and Execution of Invoices, PurchaseLedger, Sales LedgerInvoices issued to buyers and received from suppliers, purchase ledgers andsales ledgers shall be stored in the Company's place of business.Invoices prepared by the Company shall be numbered in ascending order. Thenumbers of invoices issued to buyers and recorded in the accounting books shall be acombination consisting of the following segments separated from each other by ahyphen:• current year of preparation of an invoice;• current month of preparation of an invoice;• current date of preparation of an invoice;• unique number automatically assigned by a software system.17.6. Property TaxTax accounting for the calculation of property tax shall be maintained under Chapter30 of the Tax Code "Corporate Property Tax" and the law of the constituent entity ofthe Russian Federation which specifies the tax rate, the period of tax payment, theform of reporting and may contain additional tax credits and grounds for using them.239

The Company shall form the tax base and file property tax returns at the location ofthe entity and the real property located outside the entity based on data concerning themovable and immovable property recorded on the balance sheet as fixed assets.For the purposes of correct application of tax credits, the separate accountingrecords of property for which credits are allowed shall be maintained in accordance withthe applicable property tax laws.17.7. Unified Social Tax (UST)The calculation of UST and tax accounting in respect of paid income and the unifiedsocial tax shall be performed by the Department for Business and Tax Accounting ofJSC IDGC Holding.JSC IDGC Holding shall calculate and pay UST and file tax reports with taxauthorities.17.8. Other TaxesIndividual income tax, transport tax and other taxes and dues shall be calculated andpaid in accordance with the laws on taxes and dues governing the procedure for thecalculation and payment of the taxes and dues concerned.18. Amendment of Accounting Policy18.1. The accounting policy of the Company may be amended in the event ofamendment of the Russian Federation laws or business and tax accounting regulations.18.2. The amendment of the accounting policy shall be justified and supported bythe appropriate organizational and directive documents (order) of the Company.240

Appendix 2to Order of JSC IDGC HoldingNo. 44 of September 5, 2008Working Chart of Accounts ofJSC IDGC Holding241

Contents:Fixed assets ........................................................................... Ошибка! Закладка не определена.Depreciation of fixed assets .................................................. Ошибка! Закладка не определена.Income-bearing investments in tangible assets ..................... Ошибка! Закладка не определена.Intangible assets .................................................................... Ошибка! Закладка не определена.Depreciation of intangible assets .......................................... Ошибка! Закладка не определена.Investments in non-current assets ......................................... Ошибка! Закладка не определена.Deferred tax assets ................................................................ Ошибка! Закладка не определена.Materials ............................................................................... Ошибка! Закладка не определена.Livestock................................................................................ Ошибка! Закладка не определена.Reserve against the depreciation of tangible assets ............. Ошибка! Закладка не определена.VAT on assets, work, services purchased ............................. Ошибка! Закладка не определена.Core operations..................................................................... Ошибка! Закладка не определена.General expenses .................................................................. Ошибка! Закладка не определена.Goods .................................................................................... Ошибка! Закладка не определена.Finished products .................................................................. Ошибка! Закладка не определена.Selling expenses .................................................................... Ошибка! Закладка не определена.Goods dispatched .................................................................. Ошибка! Закладка не определена.Completed stages of work-in-progress ................................. Ошибка! Закладка не определена.Cash ...................................................................................... Ошибка! Закладка не определена.Settlement accounts ............................................................... Ошибка! Закладка не определена.Foreign currency accounts ................................................... Ошибка! Закладка не определена.Special bank accounts ........................................................... Ошибка! Закладка не определена.Transfers in transit ................................................................ Ошибка! Закладка не определена.Financial investments ........................................................... Ошибка! Закладка не определена.Reserve against the depreciation of financial investments ... Ошибка! Закладка не определена.Accounts payable to suppliers and contractors .................... Ошибка! Закладка не определена.Accounts payable to buyers and customers .......................... Ошибка! Закладка не определена.Bad debt reserves .................................................................. Ошибка! Закладка не определена.Short-term loans and advances payable ............................... Ошибка! Закладка не определена.Long-term loans and advances payable................................ Ошибка! Закладка не определена.Taxes and dues payable ........................................................ Ошибка! Закладка не определена.Social insurance and benefits payable .................................. Ошибка! Закладка не определена.Labor compensation payable to personnel ........................... Ошибка! Закладка не определена.Employee advances ............................................................... Ошибка! Закладка не определена.Accounts payable to personnel for other operations ............ Ошибка! Закладка не определена.Accounts payable to founders ............................................... Ошибка! Закладка не определена.Various accounts payable and receivable ............................ Ошибка! Закладка не определена.Deferred tax liabilities .......................................................... Ошибка! Закладка не определена.Intercompany settlements ...................................................... Ошибка! Закладка не определена.Authorized capital ................................................................. Ошибка! Закладка не определена.Treasury shares ..................................................................... Ошибка! Закладка не определена.Reserve funds ........................................................................ Ошибка! Закладка не определена.Incremental capital ............................................................... Ошибка! Закладка не определена.Undistributed profit (uncovered loss) ................................... Ошибка! Закладка не определена.242

Special-purpose financing..................................................... Ошибка! Закладка не определена.Sales ...................................................................................... Ошибка! Закладка не определена.Other income and expense .................................................... Ошибка! Закладка не определена.Shortages and losses from the impairment of assets............. Ошибка! Закладка не определена.Reserve for future expense .................................................... Ошибка! Закладка не определена.Deferred expense ................................................................... Ошибка! Закладка не определена.Deferred income .................................................................... Ошибка! Закладка не определена.Profit and loss ....................................................................... Ошибка! Закладка не определена.Off-balance-sheet accounts ................................................... Ошибка! Закладка не определена.Company (Corporate Entities) .................................................................................................... 310List of activity types............................................................... Ошибка! Закладка не определена.Cost center ............................................................................ Ошибка! Закладка не определена.Tax ......................................................................................... Ошибка! Закладка не определена.Industry ................................................................................. Ошибка! Закладка не определена.Chart of accounts structure and components ....................... Ошибка! Закладка не определена.243

Section 1. Values of Account/Subaccount Segments and AnalysisControlAccount01 TSubacco First-Level SeconduntAnalysis LevelAnalysisDescriptionFixed assets01 1 Т Production fixed assets01 1 1 Land plots and natural resources01 1 2 Buildings01 1 3 Т Property, plant and equipment01 1 3 1 Water development facilities01 1 3 2 Transmission lines01 1 3 3 Heat networks01 1 3 4 Equipment and installations01 1 3 5 Power equipment01 1 3 6 Substations01 1 3 7 Other01 1 4 Т Other types of fixed assets01 1 4 2 Other01 2 Т Non-production fixed assets01 2 1 Land plots and natural resources01 2 2 Buildings01 2 2 1 Residential buildings01 2 3 Property, plant and equipment01 2 4 Т Other types of fixed assets01 2 4 2 Other01 2 4 3 Land improvement and road facilities01 3 0 0 Fixed assets leased outControlAccountSubacco First-Level SeconduntAnalysis LevelAnalysisDescription02 TDepreciation of fixed assets02 1 Т Production fixed assets02 1 2 Buildings02 1 3 Т Property, plant and equipment02 1 3 1 Water development facilities02 1 3 2 Transmission lines02 1 3 3 Heat networks02 1 3 4 Equipment and installations02 1 3 5 Power equipment02 1 3 6 Substations02 1 3 7 Other02 1 4 Other types of fixed assets02 2 Т Non-production fixed assets244

02 2 2 Buildings02 2 3 Property, plant and equipment02 2 4 Other types of fixed assets02 5 T Depreciation of fixed assets leased out02 5 1 T Depreciation of income-bearing investments intangible assets02 5 1 0100 Buildings02 5 1 0200 Water development facilities02 5 1 0300 Transmission lines02 5 1 0400 Heat networks02 5 1 0500 Equipment and installations02 5 1 0600 Power equipment02 5 1 0700 Substations02 5 1 0800 Property, plant and equipment02 5 1 0900 Other typesControl Account Subaccou Descriptionnt03 TIncome-bearing investments in tangible assets03 3 Tangible assets/property for lease03 4 Movable property for lease, rent, etc03 6 Immovable property for lease, rent, etcControl Account Subaccount Description04 TIntangible assets04 1 Patents, licenses, trademarks (service marks), other similar rights and assets04 3 Goodwill04 4 Other Intangible assets04 5 Research, development and engineering expensesControl Account Subacco Descriptionunt05 TDepreciation of intangible assets05 1 Patents, licenses, trademarks (service marks), other similar rights and assets05 4 Other intangible assets05 5 Research, development and engineering expensesControl Account Subacco Descriptionunt07 T Equipment for installation245

07 0 Equipment for installationControl Account Subacco First-Level Second- Descriptionunt Analysis LevelAnalysis08 TInvestments in non-current assets08 1 Т Fixed asset acquisition08 1 1 Т Buildings used for production purposes08 1 1 1 Cash settlements08 1 1 2 Donated assets08 1 1 3 Contributions to the authorized capital duringrestructuring08 1 1 4 Other proceeds08 1 2 Т Water development facilities used for productionpurposes08 1 2 1 Cash settlements08 1 2 2 Donated assets08 1 2 3 Contributions to the authorized capital duringrestructuring08 1 2 4 Other proceeds08 1 3 Т Transmission lines used for production purposes08 1 3 1 Cash settlements08 1 3 2 Donated assets08 1 3 3 Contributions to the authorized capital duringrestructuring08 1 3 4 Other proceeds08 1 4 Т Heat networks used for production purposes08 1 4 1 Cash settlements08 1 4 2 Donated assets08 1 4 3 Contributions to the authorized capital duringrestructuring08 1 4 4 Other proceeds08 1 5 Т Equipment and installations used for productionpurposes08 1 5 1 Cash settlements08 1 5 2 Donated assets08 1 5 3 Contributions to the authorized capital duringrestructuring08 1 5 4 Other proceeds08 1 6 Т Power equipment used for production purposes08 1 6 1 Cash settlements08 1 6 2 Donated assets08 1 6 3 Contributions to the authorized capital duringrestructuring08 1 6 4 Other proceeds08 1 7 Т Substations used for production purposes246

08 1 7 1 Cash settlements08 1 7 2 Donated assets08 1 7 3 Contributions to the authorized capital duringrestructuring08 1 7 4 Other proceeds08 1 8 Т Other used for production purposes08 1 8 1 Cash settlements08 1 8 2 Donated assets08 1 8 3 Contributions to the authorized capital duringrestructuring08 1 8 4 Other proceeds08 1 9 Т Non-production assets08 1 9 1 Cash settlements08 1 9 2 Donated assets08 1 9 3 Contributions to the authorized capital duringrestructuring08 1 9 4 Other proceeds08 2 Т Fixed asset construction08 2 1 Buildings used for production purposes08 2 2 Water development facilities used for productionpurposes08 2 3 Transmission lines used for production purposes08 2 4 Heat networks used for production purposes08 2 5 Equipment and installations used for productionpurposes08 2 6 Power equipment used for production purposes08 2 7 Substations used for production purposes08 2 8 Other used for production purposes08 2 9 Non-production assets08 3 0 Performance of research, development and engineeringwork08 4 0 Performance of design work08 5 0 Acquisition of tangible assets for income-bearinginvestmentsControl Account Description09Deferred tax assetsControl Subaccount First-Level DescriptionAccountAnalysis10 TMaterials10 20 Spare parts10 30 Building materials10 40 Tools, fixtures and furnishings247

10 50 Materials outsourced for processing10 60 Fuel and lubricants for motor vehicles10 70 Stationery10 80 Т Special gear and special clothing10 80 1 Special gear and special clothing in warehouse10 80 2 Special gear and special clothing in operation10 70 Stationery10 90 Fixed assets worth not more than 20,000 rubles10 97 Non-production tangible assets10 98 Other materials10 99 Other raw materialsControl Account Description11LivestockControl Account SubaccouDescriptionnt14 TReserve against the depreciation of tangible assets14 20 Spare parts14 30 Building materials14 40 Tools, fixtures and furnishings14 50 Materials outsourced for processing14 60 Fuel and lubricants for motor vehicles14 70 Stationery14 98 Other materials14 99 Other raw materialsControl Account SubaccountFirst-LevelAnalysisDescription19 TVAT on assets, work, services purchased19 1 T VAT on non-current assets (with the exception of capitalconstruction received under the separation balance sheet)19 1 2 VAT on non-current assets (with the exception of capitalconstruction received under the separation balance sheet) used forVAT-exempt activities19 2 T VAT on capital construction assets received under theseparation balance sheet19 2 0 VAT on capital construction assets received under the separationbalance sheet19 2 1 VAT on capital construction assets received under the separationbalance sheet used for activities subject to VAT19 2 2 VAT on capital construction assets received under the separationbalance sheet used for VAT-exempt activities248

19 3 T VAT on purchased materials19 3 2 VAT on purchased materials used for VAT-exempt activities19 4 T VAT on purchased non-production tangible assets19 4 1 VAT on purchased non-production tangible assets used for activitiessubject to VAT19 5 T VAT on deferred expenses19 5 1 VAT on deferred expenses used for activities subject to VAT19 5 2 VAT on deferred expenses used for VAT-exempt activities19 6 T VAT on business trips and entertainment expenses19 6 2 VAT on business trips and entertainment expenses used for VATexemptactivities19 7 T VAT on general expenses19 7 0 VAT on general expenses19 7 1 VAT on general expenses used for activities subject to VAT19 7 2 VAT on general expenses used for VAT-exempt activities19 8 T VAT on foreign corporate entities19 8 0 VAT on foreign corporate entities19 8 1 VAT on foreign corporate entities used for activities subject to VAT19 8 2 VAT on foreign corporate entities used for VAT-exempt activities19 9 T Non-refundable VAT19 9 0 Non-refundable VATControlAccountSubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription20 ТCore operations20 10 T Financial expenses20 10 01 T Fuel for industrial purposes20 10 01 50 Costs in connection with purchasing fuel for industrialpurposes20 10 02 Т Water for industrial purposes20 10 02 10 Costs in connection with purchasing water for industrialpurposes20 10 03 Т Purchased electricity20 10 03 20 Costs in connection with purchasing electricity foreconomic and production needs20 10 04 Т Materials for supporting the engineering process andother economic and production needs20 10 04 11 Costs in connection with purchasing raw materials and/ormaterials used for the production of goods (performanceof work, provision of services) and/or serving as theirbasis or being the necessary component for the249

production of goods (performance of work, provision ofservices)20 10 04 12 Costs in connection with purchasing materials used forthe production (manufacturing) of goods (performance ofwork, provision of services) to support the engineeringprocess20 10 04 13 Costs in connection with purchasing other materials useddirectly for production purposes, including tools andfittings classified as non-depreciable property20 10 04 19 Costs in connection with purchasing materials used forthe purposes of civil defense in accordance with the lawsof the Russian Federation20 10 04 20 Costs in connection with purchasing materials used formaintaining and operating administrative fixed assetsother than buildings and structures20 10 04 21 Costs in connection with purchasing fuel (spare parts)used for maintaining administrative corporate transport20 10 04 22 Costs in connection with purchasing materials used formaintaining and operating administrative buildings andstructures20 10 04 23 Costs in connection with purchasing fuel (spare parts)used for maintaining corporate transport used for generaleconomic needs (with the exception of transport intendedfor guards, fire emergency and security services)20 10 04 24 Costs in connection with purchasing materials used formaintaining and operating buildings and structures usedfor general economic needs (with the exception ofbuildings and structures intended for guards, fireemergency and security services)20 10 04 26 Costs in connection with purchasing materials used fornon-capital work (research) aimed at improvingproduction management and corporate management20 10 04 27 Costs in connection with purchasing materials used forensuring normal working conditions and safety providedfor by the laws of the Russian Federation (for generaleconomic needs)20 10 04 29 Costs in connection with purchasing materials foradvertising goods (work, services) produced (purchased)and/or sold, i.e. materials used for illuminated and otheroutdoor advertising20 10 04 30 Costs in connection with purchasing materials foradvertising goods (work, services) produced (purchased)and/or sold, i.e. materials used for manufacturingadvertising stands and advertising panels20 10 04 31 Costs in connection with purchasing materials foradvertising goods (work, services) produced (purchased)and/or sold, i.e. materials used for show, fair, display250

needs20 10 04 32 Costs in connection with purchasing materials foradvertising goods (work, services) produced (purchased)and/or sold, i.e. materials used for decorating showwindows, fairs, sample rooms, showrooms20 10 04 35 Other reasonable costs in connection with purchasingmaterials for production and economic needs ofproduction nature, as well as tools and fittings classifiedas non-depreciable property20 10 04 36 Other reasonable costs in connection with purchasingmaterials for production and economic needs of generalproduction nature, as well as tools, devices and laboratoryequipment classified as non-depreciable property20 10 04 37 Other reasonable costs in connection with purchasingmaterials for production and economic needs of generaleconomic nature, as well as tools, devices and laboratoryequipment classified as non-depreciable property20 10 04 39 Soil restoration expenses20 10 04 40 Costs in connection with purchasing materials formaintaining facilities related to natural resourcedevelopment20 10 04 41 Costs in connection with purchasing materials used forexpenses in connection with natural resourcedevelopment20 10 06 Т Spare parts and consumable materials used forrepairing non-leased-out fixed assets20 10 06 01 Costs in connection with purchasing spare parts andconsumable materials used for repairing productionequipment (repair not involving auxiliary productionfacilities)20 10 06 02 Costs in connection with purchasing spare parts andconsumable materials used for repairing productionvehicles (repair not involving auxiliary productionfacilities)20 10 06 05 Costs in connection with purchasing spare parts andconsumable materials used for repairing buildings,structures and fixtures used for production purposes(repair not involving auxiliary production facilities)20 10 06 06 Costs in connection with purchasing spare parts andconsumable materials used for repairing buildings,structures and fixtures used for general productionpurposes (repair not involving auxiliary productionfacilities)20 10 06 07 Costs in connection with purchasing spare parts andconsumable materials used for repairing fixed assets used251

for environmental protection needs (repair not involvingauxiliary production facilities)20 10 06 08 Costs in connection with purchasing spare parts andconsumable materials used for repairing administrativefixed assets (including corporate motor vehicles,buildings and structures) (repair not involving auxiliaryproduction facilities)20 10 06 09 Costs in connection with purchasing spare parts andconsumable materials used for repairing fixed assets usedfor general economic needs, including buildings andstructures (with the exception of fixed assets of guards,fire emergency and security services) (repair notinvolving auxiliary production facilities)20 10 06 10 Costs in connection with purchasing spare parts andconsumable materials used for repairing the premises ofpublic caters for employees20 10 08 Т Production-related work and services20 10 08 10 Costs in connection with purchasing work and servicesfrom external entities (including self-employedentrepreneurs) related to the maintenance and operationof buildings, structures and fixtures used for generalproduction needs20 10 08 12 Costs in connection with purchasing work and servicesfrom external entities (including self-employedentrepreneurs) related to the maintenance of buildings,structures and fixtures used for general economic needs(including public utility services)20 10 08 17 Other reasonable costs in connection with purchasingproduction-related work and services20 10 09 Т Expenses in connection with the maintenance andoperation of fixed assets and other property used forenvironmental protection needs20 10 09 10 Expenses in connection with purchasing materials usedfor the maintenance and operation of environmentalprotection facilities20 10 09 20 Costs in connection with purchasing work and servicesfrom external entities (including self-employedentrepreneurs) related to the maintenance ofenvironmental protection facilities20 10 09 30 Other reasonable costs in connection with themaintenance and operation of environmental protectionassets20 10 10 Т Expenses in connection with other environmentalprotection activities20 10 10 10 Costs in connection with purchasing materials used forenvironmental protection activities20 10 10 20 Costs in connection with purchasing work and252

20 10 10 30services from external entities (including selfemployedentrepreneurs) related to environmentalprotection, including the acceptance, storage anddestruction of hazardous wasteCHARGES FOR MAXIMUM PERMISSIBLEEMISSIONS (DISCHARGES) OF POLLUTANTS20 10 13 Т Expenses in connection with a write-off of fixed assetsworth not more than 20 thousand rubles20 10 13 10 Expenses in connection with a write-off of fixed assetsworth not more than 20 thousand rubles20 20 Т Expenses in connection with personnel compensation20 20 01 Т Types of payments:20 20 01 01 Paid sums calculated using the remuneration rates andbasic salaries in accordance with the forms and laborcompensation systems adopted by the taxpayer20 20 01 02 Paid sums calculated using piece rates or as a percentageof revenue in accordance with the forms and laborcompensation systems adopted by the entity20 20 01 03 Cost of goods or products given to employees as paymentin kind20 20 01 04 Difference in the salaries of employees recruited fromother entities and paid the same basic salary as in theirprevious position during a certain period20 20 01 05 Difference in salaries for temporary deputizing20 20 01 06 Incentives and/or allowances related to work modeand working conditions: multi-shift work, multi-skilling,expansion of service areas, work under severe, harmful orextremely harmful working conditions20 20 01 07 Incentives: increments to remuneration rates and basicsalaries for professional skills, high labor achievements andother similar indicators20 20 01 08 Non-recurring long-service awards (allowances foremployment experience in the same occupation)20 20 01 09 Incentives: bonuses for (systematic) performance20 20 01 10 Compensation of part-time employees20 20 01 11 Expenses in connection with the compensation offreelancers for the performance of work under theexisting civil contracts (including tenders), with theexception of compensation under civil contracts with selfemployedentrepreneurs20 20 01 12 Increments resulting from the territorial regulation oflabor compensation, including sums paid based onterritorial ratios and ratios for work under severe weatherconditions253

20 20 01 13 Incentives and/or allowances related to work mode andworking conditions: increments to remuneration rates andbasic salaries for night-shift work, overwork and work onweekends and public holidays20 20 01 14 Other types of payments to employees provided for bythe employment and/or labor contract20 20 01 15 Increments for continuous employment in Far Northand equivalent areas, European North and other areas withsevere weather conditions20 20 01 16 Incentives: non-recurring performance bonuses20 20 01 17 Incentives: year-end bonus20 20 01 18 Cost of free catering and food products20 20 01 19 Cost of public utility services provided to employeesfree of charge, free housing provided to the entity’s employees(sums of monetary compensation for the provision of freehousing, public utility and other similar services)20 20 01 20 Other types of payment for food, housing, fuel20 20 01 21 Cost of objects given to employees free of charge(including uniform, outfit) for permanent personal use(sum of benefits in connection with their sale at reducedprices)20 20 01 22 Expenses in connection with paid employment breaks ofmothers on maternity leave20 20 01 23 Expenses in connection with paid hours (employmentbreaks) related to medical examinations20 20 01 24 Expenses in connection with the compensation ofdonor employees for the days of examination, blood donationand rest after each day of blood donation20 20 01 25 Expenses in connection with the compensation ofemployees during leave (scheduled and additional leaves)20 20 01 26 Expenses in connection with paid additional employeeleaves under the employment contract in addition to theleaves provided for by the applicable laws, includingwomen who bring up children20 20 01 27 Extra-payments to minors for reduced working hours20 20 01 28 Payments of the primary employer to workers, managersor office employees of the taxpayer during their off-thejobtraining within the system of advanced training orcontinuing education20 20 01 29 Expenses in connection with compensation during studyleaves of the entity’s employees20 20 01 30 Sum of the average pay of employees during theperformance of state and/or public duties and in other cases20 20 01 31 Expenses in connection with temporary disability pay20 20 01 32 Other types of employee-related expenses paid toemployees provided for by the labor contract and/oremployment contract254

20 20 01 33 Other types of employee-related expenses paid toemployees not provided for by the labor contract and/oremployment contract20 20 01 34 Payments for unused leave to the employee beingdismissed20 20 01 35 Value of shares granted to employees free of charge asincentives20 20 01 36 Welfare assistance to employees20 20 01 37 Non-recurring anniversary and retirement benefits20 20 01 38 Other non-recurring incentives20 20 01 39 Termination benefit20 20 01 40 Payments to employees made redundant in connectionwith the reorganization or liquidation of the entity,personnel or staff reduction: sums paid to employees untilrecruitment20 20 01 41 State pension supplements payable by the entity20 20 01 42 Compensation for moral damage payable by the entity insuch amount as specified by court20 20 01 43 Expenses in connection with the round-trip transportationof employees and their dependents to the place of leave inthe Russian Federation (including expenses in connectionwith payment for the transportation of luggage of theemployees of entities located in the Far North andequivalent areas) in accordance with the procedure setforth in the laws of the Russian Federation20 20 01 44 Allowance to women on maternity (for children under 3years of age)20 20 01 45 Other social benefits20 20 01 46 Payments for work performed by individuals retained bythe taxpayer under special agreements for the provisionof workforce with government-owned entities20 20 01 47 Academic degree allowances20 20 01 48 Payments amounting to the remuneration rate or basicsalary (for work performed on a rotational basis)provided for by employment contracts for the days ofround-trip transportation from the entity’s location(gathering center) to the place of work provided for bythe rotational work schedule and the days of employees’travel delay caused by weather conditions20 20 01 49 Disabled allowances20 20 01 50 Expenses in connection with the compensation ofinvoluntary absence from work or time spent on lowerpaidjob20 20 01 51 Compensation agreed upon by the parties20 20 01 52 Paid health vouchers for employees20 20 01 53 Paid vacation vouchers and partial compensation ofemployees when traveling to the vacation place255

20 20 02 54 Payments for the first two days of temporary disability20 20 02 Т Sums paid by employers under employee insuranceagreements20 20 02 10 Sums paid (contributed) by employers under compulsoryemployee insurance agreements20 20 02 20 Sums paid by employers under pension insurance and/ornon-governmental retirement insurance agreementsproviding for payments only when the insured personreaches pension grounds20 20 02 30 Sums paid by employers under voluntary employeehealth insurance agreements executed for at least oneyear20 20 02 40 Sums paid by employers under long-term (at least fiveyear)life insurance agreements not providing for anypayments (with the exception of payment in the event ofdeath of the insured person)20 20 02 50 Sums paid by employers under agreements for personalinsurance against death or disability in connection withthe performance of job responsibilities20 20 02 60 Sums paid by employers under other voluntary employeeinsurance agreements20 30 Т Unified social tax20 30 01 Т Types of allocations for social needs:20 30 01 10 Unified social tax payable to the Social Insurance Fund ofthe Russian Federation20 30 01 20 Unified social tax payable to the federal budget of theRussian Federation20 30 01 30 Unified social tax payable to the Federal CompulsoryMedical Insurance Fund (FCMIF)20 30 01 40 Unified social tax payable to the Territorial CompulsoryMedical Insurance Fund (TCMIF)20 30 01 50 Unified social tax payable to the Pension Fund of theRussian Federation (insurance component of theretirement pension)20 30 01 60 Unified social tax payable to the Pension Fund of theRussian Federation (funded component of the retirementpension)20 40 Т Accumulated depreciation20 40 10 00 Accumulated depreciation of fixed assets used forproduction, general production, administrative and tradeneeds20 40 20 00 Accumulated depreciation of intangible assets20 50 Т Other expenses20 50 01 Т Maintenance expenses20 50 01 10 Services and work provided/performed by externalentities (including self-employed entrepreneurs) with256

egard to the maintenance of production equipment andother workplaces20 50 01 20 Services and work provided/performed by externalentities (including self-employed entrepreneurs) withregard to the maintenance of transport used forproduction needs20 50 01 30 Services and work provided/performed by externalentities (including self-employed entrepreneurs) withregard to the maintenance of buildings, structures andfixtures used for production needs20 50 01 40 Services and work provided/performed by externalentities (including self-employed entrepreneurs) withregard to the maintenance of buildings, structures andfixtures used for general production needs20 50 01 50 Services and work provided/performed by externalentities (including self-employed entrepreneurs) withregard to the maintenance of assets used forenvironmental protection needs20 50 01 60 Services and work provided/performed by externalentities (including self-employed entrepreneurs) withregard to the maintenance of administrative fixed assets(including corporate motor vehicles)20 50 01 70 Services and work provided/performed by externalentities (including self-employed entrepreneurs) withregard to the maintenance of fixed assets used for generaleconomic needs (with the exception of fixed assetsintended for guards, fire emergency and security services)20 50 02 Т Expenses in connection with natural resourcedevelopment20 50 02 10 Cost of services of external entities in connection withmaintaining assets related to natural resourcedevelopment20 50 03 Т Property insurance20 50 03 01 Expenses (insurance contributions) in connection withcompulsory property insurance if the rates forcompulsory types of insurance (specified in the laws ofthe Russian Federation) are not approved in accordancewith the laws of the Russian Federation and requirementsof international conventions20 50 03 02 Expenses (insurance contributions) in connection withcompulsory property insurance if the rates forcompulsory types of insurance (specified in the laws ofthe Russian Federation) are approved in accordance withthe laws of the Russian Federation and requirements ofinternational conventions20 50 03 03 Expenses (insurance contributions) in connection withvoluntary property and (water, air, land, pipeline)transport insurance257

20 50 03 04 Expenses (insurance contributions) in connection withvoluntary cargo insurance20 50 03 05 Expenses (insurance contributions) in connection withvoluntary insurance for fixed assets used for productionneeds, intangible assets, construction-in-progress assets20 50 03 06 Expenses (insurance contributions) in connection withvoluntary insurance for inventory, agricultural crops andlivestock20 50 03 07 Expenses (insurance contributions) in connection withvoluntary insurance for the property used by the taxpayerin its income-generating activities (with the exception ofleased property)20 50 03 08 Expenses (insurance contributions) in connection withvoluntary damage liability insurance20 50 03 09 Expenses in connection with voluntary insurance forother property used to perform activities20 50 03 10 Expenses in connection with other voluntary propertyinsurance not listed above20 50 04 Т Expenses in connection with advertising produced(purchased) and/or sold goods (work, services),taxpayer’s activities, trademark and service mark20 50 04 01 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)in connection with advertising events through mass mediaand telecommunication networks20 50 04 02 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)in connection with illuminated and outdoor advertising,manufacturing advertising stands and advertising panels20 50 04 03 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)in connection with participating in shows, fairs, displaysand decorating show windows, fairs, sample rooms,showrooms20 50 04 04 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)in connection with making advertising booklets andcatalogs20 50 04 05 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)in connection with reducing the price of goods whichfully or partly lost their original properties when beingexhibited20 50 04 06 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)in connection with prize making258

20 50 04 07 Cost of services and work related to other types ofadvertising (not listed above): advertising informationtargeted toward the general public and intended to createor maintain interest in this individual, corporate entity,goods, ideas and initiatives and contribute to theimplementation of goods, ideas and initiatives20 50 05 Т Entertainment expenses20 50 05 01 Entertainment expenses in connection with formal partiesand services for the representatives of other entitiesparticipating in negotiations for the purposes ofestablishing and maintaining cooperation20 50 05 02 Transportation service cost20 50 05 03 Cost of breakfast, lunch or other similar event20 50 05 04 Cost of catering during negotiations20 50 05 05 Cost of external interpreter services20 50 06 Т Production-related work and services20 50 06 13 Expenses in connection with legal services related toparticipation in other entities20 50 06 15 Expenses in connection with information services relatedto participation in other entities20 50 06 17 Expenses in connection with advisory and other similarservices related to participation in other entities20 50 06 46 Expenses in connection with notary public servicesrelated to participation in other entities20 50 06 47 Expenses in connection with the provision of after-salesrepair and maintenance services, including allocations tothe reserve against upcoming after-sales repair andmaintenance expenses20 50 06 54 Expenses in connection with the maintenance servicesprovided by external entities20 50 07 Т Other other expenses20 50 07 01 Compulsory social insurance against industrial accidentsand professional diseases20 50 07 08 Stationery expenses (including report and documentationforms)20 50 07 10 Expenses in connection with acquiring the right to usesoftware and contract databases under agreements withthe right holder (license agreements)20 50 07 11 Software and database updating expenses20 50 07 13 Sums of relocation allowance paid20 50 07 14 Expenses in connection with public transport(underground, tram, trolleybus, bus, etc) trips for businessneeds20 50 07 15 Expenses in connection with reimbursement for usingpersonal automobiles and motorcycles for business needs259

20 50 07 16 Expenses in connection with employee business trips:round-trip transportation of the employee from the placeof primary employment to the destination point20 50 07 17 Expenses in connection with employee business trips:housing rent. This expense item also includesreimbursement for the employee’s expenses associatedwith payment for additional hotel services (with theexception of bar and restaurant expenses, room serviceexpenses, expenses in connection with using recreationalfacilities)20 50 07 18 Expenses in connection with employee business trips:daily allowance and/or field provisions within the limitsestablished by the Government of the Russian Federation20 50 07 19 Expenses in connection with employee business trips:daily allowance and/or field provisions beyond the limitsestablished by the Government of the Russian Federation20 50 07 20 Expenses in connection with employee business trips:applying for and obtainment of visas, passports,vouchers, invitations and other similar documents20 50 07 21 Expenses in connection with employee business trips:consular, airport fees, fees for the right of entry/transit ofautomobiles and other vehicles, use of sea channels, othersimilar facilities and other similar fees and dues20 50 07 27 Deductions to support the supervisory activities ofspecialized institutions provided for by the laws of theRussian Federation for the purposes of exercising controlof compliance of such taxpayers with the relevantrequirements and conditions (State Power SupplyInspectorate)20 50 07 33 Land tax20 50 07 34 Transport tax20 50 07Expenses in connection with the foreign business trips of37 employees: round-trip transportation of the employeefrom the place of primary employment to the destinationpoint20 50 07Expenses in connection with the foreign business trips of38 employees: housing rent. This expense item also includesreimbursement for the employee’s expenses associatedwith payment for additional hotel services (with theexception of bar and restaurant expenses, room serviceexpenses, expenses in connection with using recreationalfacilities)20 50 07Expenses in connection with the foreign business trips of39 employees: daily allowance and/or field provisions withinthe limits20 50 07Expenses in connection with the foreign business trips of40 employees: daily allowance and/or field provisions260

20 50 0720 50 074142beyond the limitsExpenses in connection with the foreign business trips ofemployees: applying for and obtainment of visas,passports, vouchers, invitations and other similardocumentsExpenses in connection with the foreign business trips ofemployees: consular, airport fees, fees for the right ofentry/transit of automobiles and other vehicles, use of seachannels, other similar facilities and other similar feesand dues20 50 07Other local taxes and dues5020 50 07 53 Expenses in connection with managing shares purchased:payment of the registrar’s and depository’s fees; expensesin connection with obtaining information in accordancewith the laws of the Russian Federation, other similarexpenses20 50 07 54 State duty20 50 07 55 Property tax20 50 07 56 Regular (recurring) payments for using the rights tointellectual property and means of individualization(including rights arising from the patents of invention anddesign and other types of intellectual property)20 50 07 99 Other expensesControlAccountSubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription26 ТGeneral expenses26 50 02 Т Property insurance26 50 02 03 Expenses (insurance contributions) in connection withvoluntary insurance for rented (water, air, land, pipeline)transport26 50 02 05 Expenses (insurance contributions) in connection withvoluntary insurance for rented fixed assets used forproduction needs, intangible assets, construction-inprogressassets26 50 05 Т Production-related work and services26 50 05 01 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)with regard to maintaining the fixed assets of fire brigade,paramilitary security, watchman service and gas rescueservice26 50 05 02 Cost of security and fire-prevention services and workprovided/performed by external entities (including selfemployedentrepreneurs)261

26 50 05 03 Cost of non-capital services and workprovided/performed by external entities (including selfemployedentrepreneurs) with regard to general economictesting, experiments and studies aimed at improvingtechnology and production management26 50 05 04 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)with regard to creating normal working and safetyconditions for general economic needs26 50 05 05 Cost of civil defense services and workprovided/performed by external entities26 50 05 06 Cost of services provided by external entities (includingself-employed entrepreneurs) (meeting the requirementsof educational institutions) in connection with stafftraining and retraining (including personnel development)under agreements with educational institutions26 50 05 07 Expenses in connection with personnel recruitmentservices provided by specialized companies26 50 05 08 Other taxpayer’s expenses in connection with staffrecruitment (for example, advertisement expenses)26 50 05 09 Expenses in connection with legal services: legal advising26 50 05 10 Expenses in connection with legal services:representation before courts and tax authorities26 50 05 11 Expenses in connection with information services:provision of information26 50 05 13 Expenses in connection with advisory and other similarservices: Management consulting /Enterprisemanagement system diagnostics26 50 05 14 Expenses in connection with advisory and other similarservices: Management consulting/Analysis andoptimization of the enterprise’s organizational structure26 50 05 15 Expenses in connection with advisory and other similarservices: Management consulting/Business processdescription and optimization.26 50 05 16 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Personnel management26 50 05 17 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Project management26 50 05 18 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Strategic planning26 50 05 19 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Investment planning26 50 05 20 Expenses in connection with advisory and other similarservices: Management consulting/Development of262

guidelines and advisory materials/ Managementaccounting26 50 05 21 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Business accounting26 50 05 22 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Tax accounting26 50 05 23 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Marketing planning/Market segmenting26 50 05 24 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Marketing planning/Market positioning26 50 05 25 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Marketing planning/Pricing policy26 50 05 26 Expenses in connection with advisory and other similarservices: Management consulting/Development ofguidelines and advisory materials/ Marketing planning/Advertising policy26 50 05 27 Expenses in connection with advisory and other similarservices: Management consulting/ Automation26 50 05 28 Expenses in connection with advisory and other similarservices: Management consulting/ Personnel training26 50 05 29 Expenses in connection with advisory and other similarservices: technology consulting26 50 05 30 Expenses in connection with advisory and other similarservices: Appraisal of property and the whole enterpriseas property portfolio26 50 05 31 Expenses in connection with payment for auditingservices: Audit of accounting records and financialstatements26 50 05 32 Expenses in connection with payment for auditingservices: Audit of tax reports26 50 05 33 Expenses in connection with payment for auditingservices: Audit-related services / Maintenance ofaccounting and tax records26 50 05 34 Expenses in connection with payment for auditingservices: Audit-related services/ Restoration ofaccounting records26 50 05 35 Expenses in connection with payment for auditingservices: Audit-related services/ Preparation of financialstatements263

26 50 05 36 Expenses in connection with payment for auditingservices: Audit-related services/ Restatement of financialstatements in accordance with international standards26 50 05 37 Expenses in connection with payment for auditingservices: Audit-related services/ Arrangement of businessand tax accounting26 50 05 38 Expenses in connection with payment for auditingservices: Audit-related services/ Accounting and taxcounseling26 50 05 39 Expenses in connection with payment for auditingservices: Audit-related services/ Financial analysis26 50 05 40 Expenses in connection with services related to managingthe entity and its functions26 50 05 41 Expenses in connection with services related to theprovision of employees (engineering and managerialpersonnel) by external entities for participating in theproduction process, production management orperforming any other production and/or sales-relatedfunctions26 50 05 42 Expenses in connection with the publication ofaccounting statements and the publication and otherdisclosure of other information26 50 05 43 Expenses in connection with the provision of forms andinformation concerning state statistical monitoring26 50 05 44 Expenses in connection with payment for communicationand telephone services26 50 05 45 Expenses in connection with the ongoing study (review)of market situation, collection and dissemination ofinformation directly related to the production and sale ofgoods (work, services)26 50 05 46 Expenses in connection with services related to themaintenance of accounting records provided by externalentities or self-employed entrepreneurs26 50 05 47 Transportation services (including transport rent) forbusiness trips26 50 05 49 Cost of services and work provided/performed byexternal entities (including self-employed entrepreneurs)with regard to maintaining transport used for generaleconomic needs26 50 05 50 Expenses in connection with payment for notary publicservices26 50 05 54 Expenses in connection with payment for maintenanceservices provided by external entities26 50 05 55 Expenses in connection with payment for computercenter services26 50 05 56 Expenses in connection with the provision of servicesrelated to after-sales repair and maintenance, includingdeductions for deferred expense reserve264

26 50 05 57 Expenses in connection with e-mail and informationsystem services (SWIFT, Internet and other similarsystems)26 50 05 58 Expenses in connection with mail, telegraph and othersimilar services26 50 07 Т Other other expenses26 50 07 03 Expenses in connection with service and productcertification26 50 07 04 Sums of commission fees and other similar expenses forthe performance of work and provision of services byexternal entities26 50 07 05 Sums of port and airport fees, expenses in connectionwith pilot services and other similar payments26 50 07 06 Premise lease payments26 50 07 07 Land lease payments26 50 07 08 Property lease payments26 50 07 09 Payments for leasing certain fixed assets26 50 07 10 Communication channel lease payments26 50 07 11 Other property lease payments26 50 07 12 Lease payments for property recorded on the balancesheet of the lessor26 50 07 13 Lease payments for property recorded on the balancesheet of the lessee (net of accumulated depreciation)26 50 07 15 Expenses in connection with payment for graphic,printing and binding work performed by external entities26 50 07 32 License write-off cost26 50 07 33 Reserves established in accordance with accounting lawsyet not recorded for tax purposes under tax law26 50 07 34 R&D deductions26 50 07 42 Expenses in connection with purchasing technical andeconomic literature26 50 07 43 Expenses in connection with the lease of federal property,the property of the constituent entities of the RussianFederation and municipal property26 50 07 99 Other expenses26 99 00 00 Technical account of general costsControl Account SubaccountFirst-LevelAnalysisDescription41 TGoods41 20 00 Other goods41 99 00 Technical account for cost closeControl Account Subaccount DESCRIPTION265

43 TFinished products43 30 Other finished products (by type)ControlAccount44 TSubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescriptionSelling expensesControl Account Subaccount45DescriptionGoods dispatchedControl Account SubaccountDescription46Completed stages of work-in-progressControl Account Subaccount50 TFirst-LevelAnalysisSecond-LevelAnalysisDescriptionCash50 1 T Cash50 1 1 0000 Cash in rubles50 1 2 T Cash in other currency50 1 2 1000 EUR50 1 2 2000 USD50 2 0 0000 Operating cash in rubles50 3 T Cash instruments50 3 1 T Cash instruments (vouchers)50 3 1 1000 EUR50 3 1 2000 USD50 3 1 3000 RUR50 3 2 T Airline tickets paid50 3 2 1000 EUR50 3 2 2000 USD50 3 2 3000 RUR50 3 3 T Other cash instruments50 3 3 1000 EUR50 3 3 2000 USD50 3 3 3000 RUR266

Control Account SubaccountFirst-LevelAnalysisDescription51 TSettlement accounts51 01 T EVROFINANCE MOSNARBANK51 01 10 Settlement account No. 4070281020000407719051 02 T Sberbank central head office No. 864151 02 10 Settlement account No. 4070281013836002675851 99 99 Technical account for payment reconciliationSubaccouFirst-LevelSecondntAnalysis LevelAnalysisThird-LevelAnalysisDescriptionCONTROLACCOUNT52 TForeign currency accounts52 1 T Current accounts in foreign currency52 1 1 T EVROFINANCE MOSNARBANK52 1 1 1 T EUR52 1 1 1 100 Account No. 4070297850000407719852 1 1 2 T USD52 1 1 2 100 Account No. 4070284080000407719152 1 2 T Sberbank central head office No. 864152 1 2 1 T EUR52 1 2 1 100 Account No. 4070297803836002675852 1 2 2 T USD52 1 2 2 100 Account No. 4070284043836002675852 2 T Transit accounts in foreign currency52 2 1 T EVROFINANCE MOSNARBANK52 2 1 1 T EUR52 2 1 1 100 Account No. 4070297840000407718852 2 1 2 T USD52 2 1 2 100 Account No. 4070284070000407718152 3 T Special transit accounts52 3 1 T Bank « ***»52 3 1 1EURT52 3 1 1 100 Account No.52 3 1 2USDТ52 3 1 2 100 Account No.52 99 Т Special use267

52 99 2 0 00 Bank «***»52 99 5 0 00 OtherControl Account SubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription55 TSpecial bank accounts55 1 T Individual card accounts55 1 1 T EVROFINANCE MOSNARBANK55 1 1 1000 Account No. 4070281040000407703955 2 T Letters of credit55 3 T Loan accounts55 4 T Cheque books55 5 T Deposit accounts55 7 T Other special accountsControl Account SubaccouFirst-LevelSecondntAnalysis LevelAnalysisThird-LevelAnalysisDescription57 TTransfers in transit57 1 1 1 100 Foreign currency credited to the bank for sale57 1 1 1 200 Rubles credited to the bank for purchasingcurrency57 2 1 1 000 Cash in transitControl Account SubaccouFirst-LevelDescriptionnt Analysis58 T58 158 1 1Financial investmentsSTAKES AND SHARESVAT ON INVESTMENTS IN SUBSIDIARIES (DEPENDENTCOMPANIES)58 2 Т Other financial investments58 2 30 Other short-term financial investments58 2 40 Other long-term financial investments58 3 T Long-term advances to enterprises58 3 40 Other long-term advances58 4 T Long-term investments in securities58 4 10 Long-term interest-bearing notes of banks268

58 4 11 Long-term interest-bearing notes of banks under custody58 4 12 Long-term non-interest-bearing notes of banks58 4 13 Long-term non-interest-bearing notes of banks under custody58 4 20 Long-term interest-bearing notes of other entities58 4 21 Long-term interest-bearing notes of other entities under custody58 4 22 Long-term non-interest-bearing notes of other entities58 4 23 Long-term non-interest-bearing notes of other entities under custody58 4 30 Bonds58 4 40 Certificates of deposit58 4 50 Other long-term securities58 5 T Short-term advances to enterprises58 5 10 Short-term advances to enterprises: principal amount of loansextended as part of "Czech operations"58 5 40 Other short-term advances58 6 T Short-term investments in securities58 6 10 Short-term interest-bearing notes of banks58 6 11 Short-term interest-bearing notes of banks under custody58 6 12 Short-term non-interest-bearing notes of banks58 6 13 Short-term non-interest-bearing notes of banks under custody58 6 20 Short-term interest-bearing notes of other entities58 6 21 Short-term interest-bearing notes of other entities under custody58 6 22 Short-term non-interest-bearing notes of other entities58 6 23 Short-term non-interest-bearing notes of other entities under custody58 6 30 Bonds58 6 40 Certificates of deposit58 6 41 Certificates of deposit under custody58 6 50 Other short-term securities58 7 00 Deposits under simple partnership agreementsControl Account SubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription59 TReserve against the depreciation of financialinvestments59 1 T Reserve against the depreciation of investments inshares59 1 1 0000 Stakes and shares in 100% owned subsidiaries59 1 2 0000 Stakes and shares in 75-100% owned subsidiaries59 1 3 0000 Stakes and shares in 50-75% owned subsidiaries59 1 4 0000 Stakes and shares in 25-50% owned subsidiaries59 1 5 0000 Stakes and shares in 20-25% owned dependent companies59 1 6 0000 Stakes and shares in up to 20% owned dependentcompanies59 2 T Reserve against the depreciation of investments inother securities of enterprises269

59 2 1 0000 Reserve against the depreciation of investments in shorttermsecurities59 2 2 0000 Reserve against the depreciation of investments in longtermsecurities.59 3 1 0000 Reserve against the depreciation of deposits under simplepartnership agreements59 4 1 0000 Reserve against the depreciation of extended long-termloansControl Account SubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription60 TAccounts payable to suppliers and contractors60 10 T Short-term liabilities60 10 2 000 Fixed asset suppliers60 10 3 T Contractors performing construction and installation work60 10 3 100 Engineering services60 10 3 200 Design and engineering60 10 3 300 Maintenance60 10 4 000 Contractors performing other work60 10 5 T Service suppliers60 10 5 200 Lease60 10 5 400 Other services60 10 7 000 Other suppliers of goods and materials60 10 7 100 Other suppliers of goods used for advertising purposes60 10 8 T R&D suppliers/contractors60 10 8 100 Research payments financed the Company60 02 0 000 Short-term notes60 03 0 000 Long-term notes60 40 TSHORT-TERM ADVANCES60 40 2 000 Fixed asset suppliers60 40 3 T Contractors performing construction and installation work60 40 3 100 Engineering services60 40 3 200 Design and engineering60 40 3 300 Maintenance60 40 4 000 Contractors performing other work60 40 5 T Service suppliers60 40 5 200 Lease60 40 5 400 Other services60 40 7 000 Other suppliers of goods and materials60 40 7 100 Other suppliers of goods used for advertising purposes270

60 40 8 T R&D suppliers/contractors60 40 8 100 Research payments financed the Company60 50 0 000 Long-term advances60 60 0 000 Long-term payablesControl Account SubaccountFirst-LevelAnalysisDescription62 TAccounts payable to buyers and customers62 1 Т Short-term payables62 1 1 Enterprises financed by the federal budget62 1 2 Enterprises financed by the budgets of the constituent entities of theRussian Federation62 1 3 Enterprises financed by local budgets62 1 4 Other buyers and customers62 2 Т Long-term payables62 2 1 Enterprises financed by the federal budget62 2 2 Enterprises financed by the budgets of the constituent entities of theRussian Federation62 2 3 Enterprises financed by local budgets62 2 4 Other buyers and customers62 3 Т Short-term advance payments62 3 3 Other advance payments received62 4 0 Long-term advance payments62 5 0 Short-term notes receivable62 6 0LONG-TERM NOTES RECEIVABLEControl Account SubaccountFirst-LevelAnalysisDescription63 ТBad debt reserves63 1 Т Short-term receivables63 1 1 Enterprises financed by the federal budget63 1 2 Enterprises financed by the budgets of the constituent entities of theRussian Federation63 1 3 Enterprises financed by local budgets63 1 4 Other buyers and customers63 1 6 Reserve for doubtful accounts receivable under simple partnershipagreements63 1 7 Reserve against other doubtful accounts receivable271

63 1 8 Reserve for doubtful accounts receivable with respect to penalties,fines and late charges under agreements63 2 Т Long-term receivables63 2 1 Enterprises financed by the federal budget63 2 2 Enterprises financed by the budgets of the constituent entities of theRussian Federation63 2 3 Enterprises financed by local budgets63 2 4 Other buyers and customers63 3 Т Short-term advance payments63 3 2 Material suppliers63 3 3 Contractors performing construction and installation work63 3 4 Contractors performing other work63 3 5 Service suppliers63 3 7 Other suppliers of goods63 3 8 R&D suppliers/contractors63 3 9 Other suppliers and contractors63 4 0 Long-term advance payments63 5 0 Short-term notes receivable63 6 0 Long-term notes receivableControl Account SubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription66 TShort-term loans and advances payable66 1 Т Short-term bank loans66 1 1 Т Bank «***»66 1 1 1 Principal amount66 1 1 2 Interest66 2 Т Short-term advances66 2 1 Т Entity «***»66 2 1 1 Principal amount66 2 1 2 Interest66 3 Т Promissory notes issued66 3 1 1 Principal amount66 3 1 2 Interest, discount expenseControl Account SubaccouFirst-LevelSecondntAnalysis LevelAnalysis67 TDescriptionLong-term loans and advances payable67 1 Т Long-term bank loans67 1 Т Bank «***»67 1 1 0 Principal amount272

67 1 2 0 Interest67 2 Т Bonds67 2 1 Т Bond loan67 2 1 1 Principal amount67 2 1 2 Interest67 3 Т Long-term advances67 3 1 Т Entity «***»67 3 1 1 Principal amount67 3 1 2 Interest67 4 Т Promissory notes issued67 4 1 1 Principal amount67 4 1 2 Interest, discount expenseControlAccountSubaccountFirst-LevelAnalysisSecond-LevelAnalysisDescription68 TTaxes and dues payable68 01 T VAT payable68 01 1 T Federal budget68 01 1 1 Tax68 01 1 2 Penalties68 01 1 3 Fines68 01 99 00 VAT payable68 01 99 10 VAT reassessments68 01 99 20 VAT on corrective operations for previous periods68 02 T VAT payable by foreign corporate entity68 02 1 T Federal budget68 02 1 1 Tax68 02 1 2 Penalties68 02 1 3 Fines68 02 99 00 VAT payable by foreign corporate entities68 02 99 10 Reassessed VAT payable by foreign corporate entities68 03 Т VAT on leased federal and municipal propertypayable68 03 1 T Federal budget68 03 1 1 Tax68 03 1 2 Penalties68 03 1 3 Fines68 03 99 00 VAT on leased federal and municipal property payable273

68 03 99 10 Reassessed VAT on leased federal and municipalproperty payable68 06 T Profit tax payable68 06 1 T Federal budget68 06 1 10 Tax68 06 1 11 Tax reassessment68 06 1 20 Penalties68 06 1 30 Fines68 06 2 T Budget of the constituent entities of the RussianFederation68 06 2 10 Tax68 06 2 11 Tax reassessment68 06 2 20 Penalties68 06 2 30 Fines68 06 3 T Local budget68 06 3 10 Tax68 06 3 11 Tax reassessment68 06 3 20 Penalties68 06 3 30 Fines68 06 4 T Moscow budget68 06 4 10 Tax68 06 4 11 Tax reassessment68 06 4 20 Penalties68 06 4 30 Fines68 08 T Property tax payable68 08 2 T Budget of the constituent entities of the RussianFederation68 08 2 1 Tax68 08 2 11 Tax reassessment68 08 2 2 Penalties68 08 2 3 Fines68 08 3 T Local budget68 08 3 1 Tax68 08 3 11 Tax reassessment68 08 3 2 Penalties68 08 3 3 Fines68 08 4 T Moscow budget68 08 4 1 Tax68 08 4 11 Tax reassessment68 08 4 2 Penalties68 08 4 3 Fines274

68 10 T Income tax payable by foreign corporate entities68 10 1 T Federal budget68 10 1 1 Tax68 10 1 11 Tax reassessment68 10 1 2 Penalties68 10 1 3 Fines68 10 99 Technical account for income tax payable FCE anddividend tax withheld68 12 T Individual income tax payable68 12 1 T Federal budget68 12 1 1 Tax68 12 1 11 Tax reassessment68 12 1 2 Penalties68 12 1 3 Fines68 12 99 Technical account for individual income tax68 15 T Waterbody tax payable68 15 1 T Federal budget68 15 1 1 Tax68 15 1 11 Tax reassessment68 15 1 2 Penalties68 15 1 3 Fines68 18 T Land tax payable68 18 2 T Budget of the constituent entities of the RussianFederation68 18 2 1 Tax68 18 2 11 Tax reassessment68 18 2 2 Penalties68 18 2 3 Fines68 18 3 T Local budget68 18 3 1 Tax68 18 3 11 Tax reassessment68 18 3 2 Penalties68 18 3 3 Fines68 18 4 T Moscow budget68 18 4 1 Tax68 18 4 11 Tax reassessment68 18 4 2 Penalties68 18 4 3 Fines68 20 T Tax on government stake dividend68 20 1 T Federal budget68 20 1 1 Tax275

68 20 1 11 Tax reassessment68 20 1 2 Penalties68 20 1 3 Fines68 23 Т Mineral extraction tax68 23 1 T Federal budget68 23 1 1 Tax68 23 1 11 Tax reassessment68 23 1 2 Penalties68 23 1 3 Fines68 23 2 T Budget of the constituent entities of the RussianFederation68 23 2 1 Tax68 23 2 11 Tax reassessment68 23 2 2 Penalties68 23 2 3 Fines68 23 3 T Local budget68 23 3 1 Tax68 23 3 11 Tax reassessment68 23 3 2 Penalties68 23 3 3 Fines68 23 4 T Moscow budget68 23 4 1 Tax68 23 4 11 Tax reassessment68 23 4 2 Penalties68 23 4 3 Fines68 24 T Transport tax68 24 2 T Budget of the constituent entities of the RussianFederation68 24 2 1 Tax68 24 2 11 Tax reassessment68 24 2 2 Penalties68 24 2 3 Fines68 24 3 T Local budget68 24 3 1 Tax68 24 3 11 Tax reassessment68 24 3 2 Penalties68 24 3 3 Fines68 24 4 T Moscow budget68 24 4 1 Tax68 24 4 11 Tax reassessment68 24 4 2 Penalties68 24 4 3 Fines276

68 33 T Dividend tax payable by foreign corporate entities68 33 1 T Federal budget68 33 1 1 Tax68 33 1 11 Tax reassessment68 33 1 2 Penalties68 33 1 3 Fines68 34 T Dividend tax payable by Russian corporate entities68 34 1 T Federal budget68 34 1 1 Tax68 34 1 11 Tax reassessment68 34 1 2 Penalties68 34 1 3 Fines68 35 T Profit tax on interest yield on state-owned andmunicipal securities68 35 1 T Federal budget68 35 1 1 Tax68 35 1 11 Tax reassessment68 35 1 2 Penalties68 35 1 3 Fines68 41 T State duty68 41 1 T Federal budget68 41 1 1 TaxControl Account Subaccount69 TFirst-LevelAnalysisSecond-LevelAnalysisDescriptionSocial insurance and benefits payable69 01 T Unified social tax payable to the Social InsuranceFund69 01 10 00PRINCIPAL AMOUNT69 01 20 00 Penalties69 01 30 0069 01 99 00FINESTECHNICAL ACCOUNT FOR BALANCECARRYFORWARD69 02 T Unified social tax payable to the federal budget69 02 10 00PRINCIPAL AMOUNT277

69 02 20 00 Penalties69 02 30 0069 02 99 0069 03 TFINESTECHNICAL ACCOUNT FOR BALANCECARRYFORWARDUNIFIED SOCIAL TAX PAYABLE TO THECOMPULSORY MEDICAL INSURANCE FUND69 03 1 T Payables to FCMIF69 03 1 100PRINCIPAL AMOUNT69 03 1 200 Penalties69 03 1 300 Fines69 03 2 T Payables to TCMIF69 03 2 100PRINCIPAL AMOUNT69 03 2 200 Penalties69 03 2 30069 03 99 00FINESTECHNICAL ACCOUNT FOR BALANCECARRYFORWARD69 04 Т Contributions payable to the Pension Fund (insurancecomponent of the retirement pension)69 04 10 00PRINCIPAL AMOUNT69 04 20 00 Penalties69 04 30 00FINES69 04 99 00 Technical account for balance carryforward69 05 Т Contributions payable to the Pension Fund (fundedcomponent of the retirement pension)69 05 10 00PRINCIPAL AMOUNT69 05 20 00 Penalties69 05 30 0069 05 99 00FINESTECHNICAL ACCOUNT FOR BALANCECARRYFORWARD69 06 Т Insurance against industrial accidents andprofessional diseases payable278

69 06 10 00PRINCIPAL AMOUNT69 06 20 00 Penalties69 06 30 0069 06 99 00FINESTECHNICAL ACCOUNT FOR BALANCECARRYFORWARD69 11 T Other payables69 11 10 00PRINCIPAL AMOUNT69 11 20 00 Penalties69 11 30 00Control Account SubaccountFirst-LevelAnalysisDescriptionFINES70 TLabor compensation payable to personnel70 1 T Labor compensation payable70 1 1 Current payables70 1 2 Past due payables70 2 Labor compensation payable (supplementary pension)70 3 Salary overpayments to employees70 4 Payment of kopecks from the previous month70 5 Excess business trip expenses subject to individual income tax70 6 Monetary benefits and incentives not related to the manufacturing ofproducts, performance of work, provision of servicesControl Account SubaccountFirst-LevelAnalysisDescription71 TEmployee advances71 1 T Employee advances denominated in rubles71 1 1Т Payables for domestic business trips71 1 111 Advance payments made71 1 112 Reports on advance payments made71 1 4Т Employee advances for economic needs71 1 411 Advance payments made71 1 412 Reports on advance payments made71 2 Т Payables for foreign business trips71 2 011 Advance payments made71 2 012 Reports on advance payments made279

71 3 Т Corporate plastic cards for entertainment expenses71 3 011 Advance payments made71 3 012 Reports on advance payments madeControl Account SubaccountFirst-LevelAnalysisDescription73 TAccounts payable to personnel for other operations73 1 T Loans payable73 1 1 Education loans73 1 2 Residential loans obtained73 1 3 Loans obtained for other needs73 1 5 Residential loans extended73 1 6 Long-term loans extended for other needs (payable)73 2 0 Financial damage reimbursement payable73 3 0 Payables for goods sold on credit73 4 0 Payables for special clothing73 5 0 Fines and penalties payable by defaulters73 6 T Payables for health and vacation vouchers73 6 1 Vouchers payable using social insurance funds73 6 2 Vouchers payable using the entity’s proprietary funds73 7 T Employee insurance payable73 7 1 Voluntary personal insurance agreements (health insurance)73 7 2 Voluntary personal insurance agreements (against death or disability)73 7 3 Long-term life insurance agreements, pension insurance and/or nongovernmentalretirement insurance73 8 T Income payable73 8 1 Dividend on ordinary shares73 8 2 Dividend on preference shares73 9 0 Accounts payable to personnel for other operationsControl Account Subaccount75 TFirst-LevelAnalysisSecond-LevelAnalysisDescriptionAccounts payable to founders75 1 T Authorized capital contributions payable75 1 1 Follow-on offering of shares75 1 2 Other payables75 2 T Income payable75 2 1 T Income payable (with the exception of governmentstake)75 2 1 1 Dividend on ordinary shares (corporate entities)280

75 2 1 2 Dividend on preference shares (corporate entities)75 2 1 3 Dividend on ordinary shares (individuals)75 2 1 5 Dividend on preference shares (individuals)75 2 2 T Yield on government stake payable75 2 2 1 Dividend on ordinary shares75 2 2 2 Dividend on preference sharesControl Account SubaccountFirst-LevelAnalysisSecond-LevelAnalysisThird-LevelAnalysisFourth-LevelAnalysisDescription76 TVarious accounts payable andreceivable76 1 T Short-term accounts payable76 1 1 T Insurance payable76 1 1 2 Т Payables to insurers76 1 1 2 1 T Compulsory insurance payable76 1 1 2 1 10 Property insurance76 1 1 2 1 20 Personal insurance76 1 1 2 2 T Voluntary insurance payable76 1 1 2 2 10 Voluntary property insurance76 1 1 2 2 20 Voluntary personal insurance(health insurance)76 1 1 2 2 30 Voluntary personal insuranceagainst death or disability76 1 1 2 2 40 Long-term life insurance76 1 1 2 3 00 Non-governmental retirementinsurance payable76 1 1 2 4 00 Other payables76 1 1 2 5 00 Insurance indemnity payable76 1 2 0 0 00 Settlements with respect to the saleof fixed assets and other assets76 1 3 T Claims payable76 1 3 1 0 00 Claims payable76 1 3 3 0 00 Settlements with respect to penaltiesand fines recognized as payable76 1 3 4 0 00 Other payables76 1 3 6 0 00 Settlements with respect to penaltiesand fines judged as payable76 1 4 T Income payable76 1 4 2 0 00 Results under simple partnershipagreement76 1 4 3 0 00 Other settlements with respect toincome payable76 1 5 T Payables to R&D fund76 1 5 1 0 00 Payables to R&D fund281

76 1 6 0 0 00 Authorized capital contributionspayable76 1 8 T Deferred taxes76 1 8 1 0 00 Value added tax (VAT)76 1 8 4 0 00 Deferred corporate dividend tax76 1 0 T Other payables76 1 0 01 T Salary deductions76 1 0 01 10 Alimony payable76 1 0 01 20 Payables with respect to bankdeposits76 1 0 01 30WITHHOLDINS TO NON-GOVERNMENTAL PENSIONFUND76 1 0 01 40 Other withholdings76 1 0 02 00 Other payables with respect to costreassignment76 1 0 09 00 Settlements with respect toexercising the rights to useintellectual property76 1 0 11 00 Payables for the apartments ofoutside individuals not employed byJSC IDGC Holding76 1 0 12 00 Obtainment of visas and consularfees for external entities76 1 0 19 00 Investments in other securitiespayable76 1 0 20 00 Chernobyl-related benefits payable76 1 0 21 00 Funds credited to the bank forpurchasing currency76 1 0 22 00 Unclarified sums76 1 0 23 00 Deposited sums payable76 1 0 24 00 Payables under equity participationagreements76 1 0 25 Т Dividend payable76 1 0 25 10 Dividend payable to JSC IDGCHolding76 1 0 26 00 Payables under simple partnershipagreements76 1 0 28 00 Technical account for refund76 1 0 30 00 Assignment of receivables76 1 0 32 00 Payables for design and engineering76 1 0 33 00 Erroneously credited cash76 1 0 35 00 Issued notes payable76 1 0 37 00 Other financial investments payable(with the exception of securities)76 1 0 38 00 Expenses incurred in connection282

with the provision of services underagency agreements76 1 0 99 00 Other payables76 2 0 00 00 VAT with regard to unpaid longtermaccounts receivable76 3 Т Advance payments made76 3 0 00 00 Advance payments made76 3 0 38 00 Short-term advance payments madein connection with the provision ofservices under agency agreements76 4 T Short-term accounts receivable76 4 1 Т Insurance receivable76 4 1 2 Т Receivables from insurers76 4 1 2 1 T Compulsory insurance receivable76 4 1 2 1 10 Property insurance76 4 1 2 1 20 Personal insurance76 4 1 2 2 T Voluntary insurance receivable76 4 1 2 2 10 Voluntary property insurance76 4 1 2 2 20 Voluntary personal insurance(health insurance)76 4 1 2 2 30 Voluntary personal insuranceagainst death or disability76 4 1 2 2 40 Long-term life insurance76 4 1 2 3 00 Non-governmental retirementinsurance receivable76 4 1 2 4 00 Other receivables76 4 1 2 5 00 Insurance indemnity payable76 4 2 0 0 00 Settlements with respect to the saleof fixed assets and other assets76 4 2 1 0 00 Settlements with respect to the saleof other property76 4 2 2 0 00 Settlements with respect to the saleof property to individuals76 4 3 1 0 00 Claims receivable76 4 4 Т Income receivable76 4 4 1 0 00 Dividend receivable76 4 4 2 0 00 Results under simple partnershipagreement76 4 4 3 0 00 Other settlements with respect toincome receivable76 4 4 4 0 00 Interest on extended loansreceivable76 4 4 5 0 00 Interest on securities receivable76 4 5 Т Receivables from R&D fundparticipants76 4 5 1 0 00 Receivables from R&D fund76 4 6 0 0 00 Authorized capital contributions283

eceivable76 4 9 Т Interest on budget funds in use76 4 9 40 00 Settlements with respect to interestreceived for the untimely refund ofexcess taxes received (collected)76 4 0 02 00 Other receivables with respect tocost reassignment76 4 0 09 00 Settlements with respect toexercising the rights to useintellectual property76 4 0 11 00 Receivables for the apartments ofoutside individuals not employed byJSC IDGC Holding76 4 0 12 00 Obtainment of visas and consularfees for external entities76 4 0 19 00 Investments in other securitiesreceivable76 4 0 20 00 Chernobyl-related benefitsreceivable76 4 0 21 00 Funds credited to the bank forpurchasing currency76 4 0 22 00 Unclarified sums76 4 0 24 00 Receivables under equityparticipationagreements76 4 0 25 Т Dividend receivable76 4 0 25 10 Dividend receivable by JSC IDGCHolding76 4 0 26 00 Receivables under simplepartnershipagreements76 4 0 28 00 Technical account for refund76 4 0 30 00 Assignment of receivables76 4 0 32 00 Receivables for design andengineering (financing)76 4 0 33 00 Erroneously debited cash76 4 0 35 00 Issued notes receivable76 4 0 36 00RECEIVABLES IN THETERMINATION OF EQUITYPARTICIPATIONAGREEMENTS76 4 0 37 00 Other financial investmentsreceivable (with the exception ofsecurities)76 4 0 38 00 Short-term interest-free loansreceivable284

76 4 0 99 00 Other receivables76 5 0 00 00 Long-term accounts receivable76 5 1 00 00 Fines, penalties, interest receivableunder enforcement orders76 5 3 00 0076 5 4 00 00OTHER LONG-TERMACCOUNTS RECEIVABLELONG-TERM ACCOUNTSRECEIVABLE FOR THEAPARTMENTS OF OUTSIDEINDIVIDUALS76 6 0 00 00 Advance payments received76 6 3 50 00 Settlements with respect to penaltiesand fines judged as receivable76 6 4 10 00 Dividend-related advance paymentsreceivedControlAccount77 TSubacco First-Level SeconduntAnalysis LevelAnalysis77 0 0 00DescriptionDeferred tax liabilitiesDeferred tax liabilitiesControl Account SubaccouFirst-LevelDescriptionnt Analysis79 TIntercompany settlements79 1 60 Trust management-related settlements79 2 60 Trust management-related settlementsControlAccountSubacco First-Level Descriptionunt Analysis80 TAuthorized capital80 1 Т Authorized capital (ordinary shares)80 1 5 Other80 2 Т Authorized capital (preference shares)80 2 5 OtherControl Account SubaccountАналитика1-гоDescription285

порядка81 TTreasury shares81 1 0 Ordinary treasury shares;81 2 0 Preference treasury shares;Control Account Subacco Аналитика Descriptionunt 1-го порядка82 TReserve funds82 1 Т Statutory reserve82 1 5 Other82 2 Т Reserve established in accordance with constitutivedocuments82 2 5 OtherControlAccountSubacco First-Level SeconduntAnalysis LevelAnalysisDescription83 TIncremental capital83 1 Т Revaluation reserve83 1 5 Revaluation as of beginning of the reporting period83 1 6 Other revaluation83 2 Т Additional paid-in capital83 2 6 Other additional paid-in capitalControlAccountSubacco First-Level SeconduntAnalysis LevelAnalysisDescription84 TUndistributed profit (uncovered loss)84 1 Т Undistributed profit/loss of previous years84 1 1 Balance change as of beginning of the year caused bychanges in the accounting policy84 1 2 Reorganization of enterprises and structural change84 1 3 Changes resulting from audits84 1 4 Profit and loss reformation84 1 5 Other84 7 Т Undistributed profit/loss of the reporting period84 7 5 Undistributed profit/loss of the reporting period84 01 Т Remuneration fund for members of the Board of286

Directors, members of the Internal Audit Commission,members of committees under the Board of Directors84 01 1 Remuneration fund accrued84 01 2 Remuneration fund usedControlAccountSubaccountFirst-LevelAnalysisSecond-LevelAnalysisThird-LevelAnalysisDESCRIPTION86 TSpecial-purpose financing86 1 T Proceeds from special-purpose financingControl Account Subacco Descriptionunt90 TSales90 10 Sales revenue90 21 Production cost (core operations)90 22 Production cost (selling expenses)90 23 Production cost (general expenses)90 90 Profit/loss from sales90 91 Technical account for profit/loss from salesControl Account SubaccountFirst-LevelSecond-LevelThird-LevelFourth-LevelDescriptionAnalysis Analysis Analysis Analysis91 T Other income and expense91 1 T Other income91 1 1 T Accrued interest91 1 1 2 T Accrued interest on notes and othersecurities91 1 1 2 1 00 Short-term notes and other securities91 1 1 2 2 00 Long-term notes and other securities91 1 1 3 0 00 Accrued interest on bank cash balances91 1 1 4 T Accrued interest on extended loans91 1 1 4 1 00 Short-term advances91 1 1 4 2 00 Long-term advances91 1 1 5 T Other accrued interest91 1 1 5 1 00 Short-term investments91 1 1 5 2 00 Long-term investments91 1 2 T Income from participation in otherenterprises91 1 2 2 0 00 Other income from participation in theauthorized capital91 1 2 3 0 00 Income from participation in joint operations91 1 2 4 0 00 Income from the returned contribution in the287

authorized capital of liquidated companies91 1 3 T Other income91 1 3 01 00 Income from the sale of fixed assets91 1 3 02 T Income from the sale of securities91 1 3 02 10 Income from the sale of securities traded inthe organized market91 1 3 02 20 Income from the sale of state-owned andmunicipal securities91 1 3 02 30 Income from the sale of securities in repotransactions91 1 3 02 40 Income from the sale of corporate securitiesnot traded in the organized market91 1 3 02 50 Income from the sale of treasury shares91 1 3 03 T Income from the sale of currency91 1 3 03 40 Income from the sale of currency91 1 3 05 T Income from the sale of intangible assets91 1 3 05 40 Income from the sale of other intangibleassets91 1 3 06 T Income from the sale of other assets91 1 3 06 10 Income from the sale of inventories91 1 3 06 20 Income from the sale of construction-inprogressassets91 1 3 06 30 Income from the sale of rights to useintellectual property91 1 3 06 40 Income from the sale of other assets91 1 3 07 00 Income from lease91 1 3 08 00 Additional income under agency agreements91 1 3 09 00 Income from the purchase of currency91 1 3 11 T Reduction of valuation reserves andcontingent loss reserves91 1 3 11 10 Reduction of reserve against the depreciationof financial investments91 1 3 11 20 Reduction of reserve for doubtful accountsreceivable91 1 3 11 30 Reduction of reserve against the depreciationof inventories91 1 3 11 40 Reduction of contingent loss reserve91 1 3 12 T Other income91 1 3 12 10 Granting of fee-based rights to use intellectualproperty (extra-budgetary R&D fund)91 1 3 12 20 Coupon yield on the bonds owned by JSCIDGC Holding91 1 3 12 50 Income in the form of difference between thevalue of contribution to joint operations andthe value of assets received upon terminationof joint operations91 1 3 12 60 Income in the form of difference between thecurrent market value of financial investments288

as of the reporting date and the previous valueof financial investments91 1 3 12 70 Positive difference caused by the recording ofnon-current assets purchased for foreigncurrency in accounting books91 1 4 T Other income91 1 4 01 T Profit of previous years identified in thereporting period91 1 4 01 50 Profit of previous years not included intaxable profit91 1 4 02 T Income from fines, penalties and latecharges recognized or judged as collectible91 1 4 02 10 Income from fines recognized or judged ascollectible under production agreements91 1 4 02 20 Income from penalties and late chargesrecognized or judged as collectible underproduction agreements91 1 4 02 30 Income from fines recognized or judged ascollectible under non-production agreements91 1 4 02 40 Income from penalties and late chargesrecognized or judged as collectible under nonproductionagreements91 1 4 02 50 Income from penalties and fines under loanagreements91 1 4 03 00 Income from reimbursement for losses causedby non-performance or improper performanceof obligations91 1 4 04 T Exchange rate differences91 1 4 04 30 Positive exchange rate differences91 1 4 04 40 Positive exchange rate differences caused bythe recalculation of the value of assets andliabilities payable in rubles denominated inforeign currency91 1 4 06 00 Differences from the revaluation of fixedassets (earlier reduced value offset by finalvaluation)91 1 4 07 T Income from fixed asset write-off91 1 4 07 10 Income from the recognition of tangible assetsin fixed asset write-off91 1 4 08 T Income from other property retirement91 1 4 08 10 Income from the retirement of materials inconstruction-in-progress write-off91 1 4 09 00 Income from the recognition of excessproperty resulting from inventory-taking91 1 4 10 T Income from donated assets91 1 4 10 10 Income from donated fixed assets91 1 4 10 20 Income from donated intangible assets91 1 4 10 30 Donated assets other than fixed assets and289

intangible assets91 1 4 11 T Income from accounts payable write-off91 1 4 11 10 Income from the write-off of accountspayable to the budget91 1 4 11 20 Income from the write-off of other accountspayable with the expired period of limitation91 1 4 12 T Reduction of authorized capitalaccompanied by refusal to return the valueof the corresponding portion ofcontribution to shareholders:91 1 4 12 10 Reduction of authorized capital in accordancewith the requirements of laws91 1 4 12 20 Reduction of authorized capital as otherwisedecided by the meeting of shareholders91 1 4 14 T Other income91 1 4 14 10 Interest received for the untimely refund ofexcess taxes received (charged)91 1 4 14 20 Income from the received payment of earlierwritten-off accounts receivable91 1 4 14 30 Other income91 1 4 14 40 Income from trust management91 2 T Other expense91 2 1 Т Expense from the sale of property andproperty rights91 2 1 10 Т Expense from the sale of fixed assets91 2 1 10 10 Residual value of fixed assets other thanapartments91 2 1 10 19 Write-off of construction-in-progress assetsand fixed assets in the authorized capital91 2 1 10 20 Residual value of apartments and otherresidential property91 2 1 10 50 Value of income from fixed assets other thanapartments whose free use is granted underagreements91 2 1 10 60 Expenses in connection with the storage offixed assets sold by external entities91 2 1 10 70 Expenses in connection with the maintenanceof fixed assets sold by external entities91 2 1 10 80 Expenses in connection with thetransportation of fixed assets sold by externalentities91 2 1 10 90 Expenses in connection with the certificationof fixed assets sold91 2 1 1 100 Sums of commission fees and other similarexpenses for work (services) performed(provided) by external entities in the sale of290

fixed assets91 2 1 1 110 Expenses in connection with payment forlegal and information services provided byexternal entities in the sale of fixed assets91 2 1 1 120 Expenses in connection with payment foradvisory and other similar services providedby external entities in the sale of fixed assets91 2 1 1 130 Notary public and/or private fee for thecertification of documents on fixed assets sold91 2 1 1 140 Expenses incurred by external entities inconnection with the ongoing study (review) ofmarket situation, collection and disseminationof information directly associated with thesale of fixed assets91 2 1 1 150 Fees for the registration of rights to realproperty and land, transactions in the abovementionedassets, fees for the provision ofinformation concerning registered rights, feefor the services of duly authorized bodies andentities specializing in property appraisal, thepreparation of documents on the cadastral andtechnical recording (inventory-taking) of realproperty91 2 1 1 160 Expenses in connection with purchasingmaterials for packing fixed assets sold(materials used exclusively for sale)91 2 1 1 170 Expenses in connection with purchasingmaterials for other pre-sale preparation offixed assets sold (materials used exclusivelyfor sale)91 2 1 1 180 Other expenses incurred by external entities inthe connection with the sale of fixed assets91 2 1 2 Т Expenses incurred in the sale of otherproperty91 2 1 2 1 Т Expenses incurred in the sale of intangibleassets91 2 1 2 1 03 Residual value from the sale of otherintangible assets91 2 1 2 1 04 Value of income from donated intangibleassets91 2 1 2 1 05 Expenses in connection with the storage ofintangible assets sold by external entities91 2 1 2 1 06 Expenses in connection with thetransportation of intangible assets sold byexternal entities91 2 1 2 1 07 Expenses in connection with the certificationof intangible assets sold291

91 2 1 2 1 08 Sums of commission fees and other similarexpenses for work (services) performed(provided) by external entities in the sale ofintangible assets91 2 1 2 1 09 Expenses in connection with payment forlegal and information services provided byexternal entities in the sale of intangible assets91 2 1 2 1 10 Expenses in connection with payment foradvisory and other similar services providedby external entities in the sale of intangibleassets91 2 1 2 1 11 Notary public and/or private fee for thecertification of documents on fixed assets sold91 2 1 2 1 12 Expenses incurred by external entities inconnection with the ongoing study (review) ofmarket situation, collection and disseminationof information directly associated with thesale of intangible assets91 2 1 2 1 13 Other expenses incurred by external entities inthe connection with the sale of intangibleassets91 2 1 2 2 Т Expenses in connection with the sale ofproperty rights91 2 1 2 2 10 Cost of the sold right to claim as the sale offinancial services91 2 1 2 2 20 Cost of the sold right to claim prior to duedate91 2 1 2 2 30 Cost of the sold right to claim after due date91 2 1 2 2 40 Other expenses directly associated with thesale of property rights91 2 1 2 2 50 Cost of the sold right to claim arising out ofagreements not related to the sale of goods(work, services)91 2 1 2 3 Т Expenses in connection with the sale ofother property91 2 1 2 3 01 Purchasing price of inventories (with theexception of refundable taxes)91 2 1 2 3 02 Value of construction-in-progress asset builtusing internal resources91 2 1 2 3 03 Value of construction-in-progress asset builtby a contractor91 2 1 2 3 04 Value of mixed construction-in-progress asset91 2 1 2 3 05 Purchasing price of construction-in-progressasset (with the exception of refundable taxes)91 2 1 2 3 06 Purchasing price of equipment requiringinstallation (with the exception of refundabletaxes)292

91 2 1 2 3 07 Value of income from donated property91 2 1 2 3 08 Expenses in connection with the storage ofother property sold by external entities91 2 1 2 3 09 Expenses in connection with the maintenanceof other fixed assets sold by external entities91 2 1 2 3 10 Expenses in connection with thetransportation of other fixed assets sold byexternal entities91 2 1 2 3 11 Expenses in connection with the certificationof other fixed assets sold91 2 1 2 3 12 Sums of commission fees and other similarexpenses for work (services) performed(provided) by external entities in the sale ofother property91 2 1 2 3 13 Expenses in connection with payment forlegal and information services provided byexternal entities in the sale of other property91 2 1 2 3 14 Expenses in connection with payment foradvisory and other similar services providedby external entities in the sale of otherproperty91 2 1 2 3 15 Notary public and/or private fee for thecertification of documents on other propertysold91 2 1 2 3 16 Expenses incurred by external entities inconnection with the ongoing study (review) ofmarket situation, collection and disseminationof information directly associated with thesale of other property91 2 1 2 3 17 Expenses in connection with purchasingmaterials used for packing and other pre-salepreparation of other property sold91 2 1 2 3 18 Other expenses incurred by external entities inthe connection with the sale of other property91 2 1 2 3 19 Expenses incurred by external entities in theconnection with the sale МПЗ91 2 1 2 3 20 Cost of other property sold91 2 1 3 Т Expenses in connection with the sale ofsecurities91 2 1 3 1 Т Expenses in connection with the sale ofsecurities traded in the organized market91 2 1 3 1 01 Cost of sold securities traded in the organizedmarket (FIFO, per unit)91 2 1 3 1 03 Purchasing price of securities traded in theorganized market in repo transactions,including accrued interest (coupon) yield91 2 1 3 1 04 Initially paid value of treasury shares tradedin the organized market adjusted for change in293

the quantity of shares resulting from theexpansion of authorized capital91 2 1 3 1 05 Sums by which par value exceeds the actualselling price of treasury shares traded in theorganized market purchased from ownersearlier91 2 1 3 1 06 Sums of earlier accrued (accumulated)interest (coupon) yield on securities traded inthe organized market91 2 1 3 1 07 In the sale of mutual fund investment units:amount of reduction in the calculated value ofinvestment units91 2 1 3 1 08 Expenses in connection with payment for theservices of professional participants in theorganized securities market as part of theirlicensable activities91 2 1 3 1 09 Expenses associated with the storage ofsecurities traded in the organized market intheir sale91 2 1 3 1 10 Expenses in the form of payment for thedelivery and transportation of securitiestraded in the organized market in their sale91 2 1 3 1 11 Expenses in the form of guarantee depositstransferred to special funds established inaccordance with the requirements of laws ofthe Russian Federation91 2 1 3 1 12 Expenses in connection with payment forlegal services provided by external entities inthe sale of securities traded in the organizedmarket91 2 1 3 1 13 Expenses in connection with payment foradvisory and other similar services providedby external entities in the sale of securitiestraded in the organized market91 2 1 3 1 14 Expenses incurred by external entities inconnection with the ongoing study (review) ofmarket situation, collection and disseminationof information directly associated with thesale of securities traded in the organizedmarket91 2 1 3 1 15 Other expenses directly associated with thesale of securities traded in the organizedmarket91 2 1 3 2 Т Expenses incurred in the sale of securitiesnot traded in the organized market91 2 1 3 2 01 Cost of sold securities not traded in the294

organized market (FIFO, per unit)91 2 1 3 2 03 Purchasing price of securities not traded in theorganized market in repo transactions,including accrued interest (coupon) yield91 2 1 3 2 04 Initially paid value of treasury shares nottraded in the organized market adjusted forchange in the quantity of shares resultingfrom the expansion of authorized capital91 2 1 3 2 05 Sums by which par value exceeds the actualselling price of treasury shares not traded inthe organized market purchased from ownersearlier91 2 1 3 2 06 Sums of earlier accrued (accumulated)interest (coupon) yield on securities not tradedin the organized market91 2 1 3 2 07 In the sale of mutual fund investment units:amount of reduction in the calculated value ofinvestment units91 2 1 3 2 08 Expenses associated with the storage ofsecurities not traded in the organized marketin their sale91 2 1 3 2 09 Expenses in the form of payment for thedelivery and transportation of securities nottraded in the organized market in their sale91 2 1 3 2 10 Expenses in connection with payment forlegal services provided by external entities inthe sale of securities not traded in theorganized market91 2 1 3 2 11 Expenses in connection with payment foradvisory and other similar services providedby external entities in the sale of securities nottraded in the organized market91 2 1 3 2 12 Expenses incurred by external entities inconnection with the ongoing study (review) ofmarket situation, collection and disseminationof information directly associated with thesale of securities not traded in the organizedmarket91 2 1 3 2 13 Other expenses directly associated with thesale of securities not traded in the organizedmarket91 2 2 T Other expenses91 2 2 05 00 Expenses in the form of negative (positive)difference resulting from the deviation of theselling (purchasing) price of foreign currencyfrom the official rate of the Central Bank ofthe Russian Federation as of the date oftransfer of title to foreign currency295

91 2 2 07 T Expenses associated with granting lease ofproperty91 2 2 07 00 Depreciation of property leased out91 2 2 07 10 Rent for property leased out (sublease)91 2 2 07 20 Other expenses associated with granting leaseof property91 2 2 08 00 Expenses in connection with organizing theissue of proprietary equity securities:- preparation of securities issue prospectus,- making or purchasing letterheads,- registration of securities,- expenses associated with managingproprietary securities, including expenses inconnection with the services of registrar,depositary, paying agent for interest(dividend) payments,-expenses associated with registermaintenance and the provision of informationto shareholders in accordance with the laws ofthe Russian Federation,- other similar expenses91 2 2 09 00 Expenses in connection with organizing theissue of proprietary debt securities:- preparation of securities issue prospectus,- making or purchasing letterheads,- registration of securities,- expenses associated with managingproprietary securities, including expenses inconnection with the services of registrar,depositary, paying agent for interest(dividend) payments,-expenses associated with registermaintenance and the provision of informationto shareholders in accordance with the laws ofthe Russian Federation,- OTHER SIMILAR EXPENSES91 2 2 10 00 Expenses associated with the management ofsecurities purchased by the taxpayer (with theexception of shares):- payment for the registrar's and depositary'sservices,296

- expenses associated with the obtainment ofinformation in accordance with the laws ofthe Russian Federation,- other similar expenses91 2 2 11 00 Expenses in connection with holding theannual meeting of shareholders (participants,co-owners):- expenses associated with premise lease;- expenses associated with the preparation anddissemination of information necessary tohold meetings;- other expenses directly associated withholding the meeting91 2 2 12 00 Expenses of trust manager:- in connection with the performance of trustagreement,- expenses associated with payments to trustmanager,- other expenses associated with theperformance of proprietary property trustagreement91 2 2 13 00 Expenses of trust manager in connection withthe performance of trust agreement –Expenses under third-party trust agreement91 2 2 14 00 Expenses in connection with the services ofbanks, including services related to theinstallation and operation of systems ofelectronic workflow between the bank andclients, including telebanking systems91 2 2 15 00 Deductions to valuation reserves andcontingent loss reserves: reserve for doubtfulaccounts receivable91 2 2 16 00 Deductions to valuation reserves andcontingent loss reserves: reserve against thedepreciation of investments in securities91 2 2 17 00 Deductions to valuation reserves andcontingent loss reserves: reserve against thedepreciation of inventories91 2 2 18 00 Deductions to valuation reserves andcontingent loss reserves: contingent lossvaluation reserves91 2 2 20 00 Expenses associated with the suspension andre-entry of production facilities and units,including costs in connection withmaintaining suspended production facilitiesand units91 2 2 22 10 Loss from other asset write-off297

91 2 2 22 20 Residual value and expenses associated withfixed asset write-off91 2 2 22 30 Construction-in-progress write-off91 2 2 22 40 Expenses in connection with payment for theservices of external entities in fixed assetwrite-off91 2 2 22 50 Loss from the write-off of earlier accrued(accumulated) interest (coupon) yield onsecurities91 2 2 22 60 Transfer of property title to municipalities91 2 2 22 70 Loss from inventory write-off91 2 2 22 80 Write-off of the book value of liquidatedcompanies91 2 2 23 Т Losses of previous tax periods identified inthe current reporting (tax) period91 2 2 23 50 Loss of previous years not included in taxableprofit91 2 2 24 00 Expenses in the form of fines, penalties and/orother sanctions for the breach of contractualor debt obligations and expenses inconnection with damage reimbursementrecognized by the debtor or payable by thedebtor pursuant to valid court judgment91 2 2 25 00EXPENSES IN CONNECTION WITHDAMAGE REIMBURSEMENT ANDCOMPENSATION FOR LOST PROFIT91 2 2 27 00 Expenses in the form of negative exchangerate difference caused by the revaluation ofproperty in the form of currency assets andclaims (liabilities) denominated in foreigncurrency, including property related to bankaccounts in foreign currency, in connectionwith changes in the official exchange rate offoreign currency to the Russian Federationruble established by the Central Bank of theRussian Federation91 2 2 27 10 Negative exchange rate differences caused bythe recalculation of the value of assets andliabilities payable in rubles denominated inforeign currency91 2 2 28 Т Litigation expenses:91 2 2 28 10 Costs of litigation before arbitration court inconnection with claims related to production91 2 2 28 20 Costs of litigation before arbitration court inconnection with claims unrelated toproduction91 2 2 28 30 Costs of litigation before tribunal298

91 2 2 28 40 Expenses in connection with enforcementproceeding (bailiff services, etc)91 2 2 28 50 Other costs of litigation91 2 2 29 00 Expenses in connection with inventory writeoffbased on inventory-taking – Expenses inthe form of shortage of tangible assets inproduction, warehouses and retail outlets inthe absence of defaulters as well as lossesfrom theft whose authors are not identified91 2 2 30 00 Expenses in connection with inventory writeoffbased on inventory-taking – Expenses inconnection with inventory write-off above therates of natural loss91 2 2 31 00 Expenses in connection with the liquidation ofdecommissioned fixed assets, including thesums of depreciation not additionally accruedin accordance with the established useful lifeas well as expenses in connection with theliquidation of construction-in-progress assetsand other property whose installation is notcompleted (expenses in connection with thedismantling, demolition and removal ofdismantled property), subsoil protection andother similar work91 2 2 33 00 Expenses in the form of deductions to theRussian Defense Sports and TechniquesOrganization entities for the accumulation andreallocation of funds for the purposes ofensuring training in accordance with the lawsof the Russian Federation for citizens inmilitary disciplines, military and patrioticeducation for youth, development of aviation,technical and applied military sports91 2 2 34 00 Funds transferred for other charitablepurposes91 2 2 37 00 Expenses in connection with performing workrelated to mobilization training not refundablefrom the budget, including costs associatedwith maintaining partly utilized (used)facilities and units, yet necessary toimplement the mobilization plan91 2 2 38 00 Expenses in connection with operationsinvolving the financial instruments of termtransactions traded in the organized market,including:- sum of variation margin (i.e. sum offunds calculated by the trade institutor andpaid (received) by participants in term299

transactions in accordance with the rulesestablished by trade institutors) payable bythe taxpayer during the tax (reporting)period;- other sums payable during the tax(reporting) period in operations involvingthe financial instruments of termtransactions traded in the organizedmarket;- value of underlying asset transferred intransactions involving the underlying assetdelivery;- other expenses associated with the executionof operations involving the financialinstruments of term transactions traded in theorganized market91 2 2 39 00 Expenses in connection with operationsinvolving the financial instruments of termtransactions not traded in the organizedmarket:- sums of funds payable in the reporting(tax) period by a participant in theoperation involving the financialinstrument of term transaction in itsexecution (completion) or calculated forthe reporting period depending on changesin the price or other quantitative indicatorcharacterizing the underlying asset for theperiod from the date of execution of theoperation involving the financialinstrument of term transaction to the dateof completion of the operation involvingthe financial instrument of termtransaction or for the reporting period;- other sums payable during the tax(reporting) period in operations involvingthe financial instruments of termtransactions not traded in the organizedmarket;- value of underlying asset transferred intransactions involving the underlying assetdelivery;- other expenses associated with the execution300

of operations involving the financialinstruments of term transactions not traded inthe organized market91 2 2 43 00 Expenses associated with participation injoint operations (simple partnership):- expenses associated with the excess of bookvalue of the property transferred under simplepartnership agreement over the valuespecified in the agreement;- losses from joint operations;- expenses associated with returning propertyfrom joint operations in the form of negativedifference between the value of propertyreturned and the value for which this propertywas transferred earlier under simplepartnership agreement91 2 2 44 00 Expenses in connection with sporting andcultural events91 2 2 45 00 Payments to the Board of Directors and theInternal Audit Commission provided for bythe internal regulations of the entity91 2 2 46 00 UST on payments to the Board of Directorsand the Internal Audit Commission providedfor by the internal regulations of the entity91 2 2 47 00 Additional expenses under agency agreements91 2 2 48 00 Expenses in connection with purchasingcurrency91 2 2 49 00 Expenses in connection with selling currency91 2 2 54 00 Discount in the placement of bonds of JSCIDGC Holding91 2 2 55 00 Expenses in connection with the write-off ofnon-collectible accounts receivable with theexpired period of limitation91 2 2 56 00 Welfare assistance to non-staff employees ofJSC IDGC Holding91 2 2 57 00 Social payments (health care, foodallowances, tours, pensions, funeral expenses,Chernobyl-related benefits)91 2 2 58 00 Travel privilege for employees not providedfor by technological production characteristicsor employment contracts91 2 2 59 00 Payment for tours, trips, subscriptions andother personal expenses of employees91 2 2 60 00 Non-recurring bonuses on anniversary datesand other non-recurring bonuses to non-staffemployees91 2 2 61 00 State pension supplements payable to non-301

staff employees91 2 2 62 00 Expenses in connection with non-productionequipment maintenance (depreciationdeductions)91 2 2 63 00 Losses from thefts and shortages91 2 2 64 00 Seminars, meetings, competitions on poweroperations91 2 2 66 00 Expenses in connection with payingapartment costs for employees91 2 2 67 00 Expenses in connection with agreementsexecuted under the industry restructuringprogram91 2 2 69 00 Health service expenses91 2 2 71 00 Expenses in connection with advertisingagreements91 2 2 72 00 Other expenses91 2 2 73 00 Expenses in connection with flooded areas91 2 2 74 00 Free special-purpose funds91 2 2 75 00 Expenses in connection with health insurancefor non-employees of JSC IDGC Holding91 2 2 76 00 Deductions to valuation reserves andcontingent loss reserves: reserve against thedepreciation of deposits under simplepartnership agreements91 2 2 77 00 Deductions to valuation reserves andcontingent loss reserves: reserve against thedepreciation of investments91 2 2 78 00 Deductions to valuation reserves andcontingent loss reserves: reserve against thedepreciation of extended loans91 2 2 80 00 Depreciation deductions for intangible assetsused for non-production needs91 2 3 T Taxes and dues91 2 3 09 00 Non-refundable VAT91 2 3 12 00 VAT on donated services91 2 3 14 00 Other taxes provided for by the applicablelaws91 2 3 15 00 VAT on donated property91 2 4 T Interest payable91 2 4 01 00 Interest on bank loans used for productionneeds91 2 4 02 00 Interest on loans and advances used for nonproductionneeds91 2 4 04 00 Expenses in the form of interest on debtinstruments of any type, including interest302

accrued on securities and other instrumentsissued by the taxpayer91 2 5 Т Other expenses91 2 5 20 00 Expenses in the form of difference betweenthe value of contribution to joint operationsand the value of assets received upontermination of joint operations91 2 5 30 00 Expenses in the form of difference betweenthe current market value of financialinvestments as of the reporting date and theprevious value of financial investments91 2 5 40 00 Expenses in connection with writing offcontributions to simple partnership91 2 5 50 00 Expenses associated with granting free use ofproperty and other services provided free ofcharge91 2 5 70 00 Negative difference caused by the recordingof non-current assets purchased for foreigncurrency in accounting books91 2 6 Т Expenses associated with the activities ofthe Project Center for Completion ofReorganization of RAO UES of Russia andthe Group for Organization of Activities ofInfrastructural Entities of WholesaleElectricity and Capacity Market91 2 6 10 T Financial expenses91 2 6 10 01 Costs in connection with purchasing materialsto be used in the activities of the ProjectCenter91 2 6 20 T Labor compensation expenses91 2 6 20 01 Paid sums calculated using the remunerationrates and basic salaries in accordance with theforms and labor compensation systemsadopted by the taxpayer91 2 6 20 02 Incentives: bonuses for (systematic)performance91 2 6 20 03 Compensation of part-time employees91 2 6 20 04 Other types of payments to employeesprovided for by the employment and/or laborcontract91 2 6 20 05 Incentives: non-recurring performancebonuses91 2 6 20 06 Expenses in connection with thecompensation of employees during leave(scheduled and additional leaves)91 2 6 20 07 Expenses in connection with temporarydisability pay91 2 6 20 08 Payments for unused leave to the employee303

eing dismissed91 2 6 20 09 Other non-recurring incentives91 2 6 20 10 Termination benefit91 2 6 20 11 Other social benefits91 2 6 20 12 Compensation agreed upon by the parties91 2 6 20 13 Payments for the first two days of temporarydisability91 2 6 30 T Unified social tax91 2 6 30 01 Unified social tax payable to the SocialInsurance Fund of the Russian Federation91 2 6 30 02 Unified social tax payable to the federalbudget of the Russian Federation91 2 6 30 03 Unified social tax payable to the PensionFund of the Russian Federation (insurancecomponent of the retirement pension)91 2 6 30 04 Unified social tax payable to the PensionFund of the Russian Federation (fundedcomponent of the retirement pension)91 2 6 30 05 Unified social tax payable to the FederalCompulsory Medical Insurance Fund(FCMIF)91 2 6 30 06 Unified social tax payable to the TerritorialCompulsory Medical Insurance Fund(TCMIF)91 2 6 40 T Other expenses91 2 6 40 01 Expenses in connection with legal servicesrelated to the activities of the Project Center91 2 6 40 02 Expenses in connection with advisory andother similar services related to the activitiesof the Project Center91 2 6 40 03 Expenses in connection with payment fornotary public services related to the activitiesof the Project Center91 2 6 40 04 Expenses in connection with payment forauditing services related to the activities ofthe Project Center91 2 6 40 05 Expenses in connection with payment forinformation services related to the activities ofthe Project Center91 2 6 40 06 Compulsory social insurance againstaccidents and professional diseases91 2 6 40 07 Stationery expenses (including report anddocumentation forms)91 2 6 40 08 Expenses in connection with payment forcommunication and telephone servicesrelated to the activities of the Project Center91 2 6 40 09 Transportation expenses (including transportrent) related to the activities of the Project304

Center91 2 6 40 10 Property rent related to the activities of theProject Center91 2 6 40 11 Expenses in connection with maintenancerelated to the activities of the Project Center91 2 6 40 12 Expenses in connection with payment forgraphic, printing and binding work related tothe activities of the Project Center91 2 6 40 13 Other expenses associated with the activitiesof the Project Center91 2 6 40 14 Expenses in connection with e-mail andinformation system services (SWIFT, Internetand other similar systems) related to theactivities of the Project Center91 2 6 40 15 Expenses in connection with mail, telegraphand other similar services related to theactivities of the Project Center91 2 6 40 16 Expenses in connection with loading andunloading operations related to the activitiesof the Project Center91 2 6 40 17 Expenses in connection with household andpractical needs related to the activities of theProject Center91 2 6 40 18 Expenses in connection with private securityservices related to the activities of the ProjectCenter91 2 6 40 19 Expenses in connection with computer centerservices related to the activities of the ProjectCenter91 2 6 40 20 Entertainment expenses associated with theactivities of the Project Center91 2 6 40 21 Expenses in connection with the businesstrips of the Project Center employees91 2 6 40 22 Expenses in connection with the foreignbusiness trips of the Project Center employees91 9 0 00 00 Profit/loss of other income and expenseControl Account Subaccount94 TFirst-LevelAnalysisDescriptionShortages and losses from the impairment of assets94 1 T Missing (stolen) property94 1 1 Fixed assets94 1 2 Other94 2 T Completely damaged property94 2 1 Fixed assets94 2 2 Other305

94 3 T Partly damaged property94 3 1 Fixed assets94 3 2 OtherControl Account Subaccount96 TDescriptionReserve for future expenseControl Account Subacco Descriptionunt97 TDeferred expense97 4 Deferred expense in connection with leaves97 5 Deferred expense in connection with voluntary property insurance97 6 Deferred expense in connection with voluntary health insurance for employees97 7 Deferred expense in connection with information development97 8 Other deferred expense97 9 Deferred expense in connection with operations related to the retirement ofproperty and other assets97 91 Deferred expense in connection with operations involving securities97 92 Deferred expense in connection with payments for issued notes97 93 Deferred expense in connection with VAT assessment in the acquisition ofshares in subsidiaries (dependent companies)97 99 Deferred expense (technical account)Control Account Subacco Descriptionunt98 TDeferred income98 1 Deferred income98 2 Rent98 3 Non-repayable receipts98 4 Donated fixed assets98 5 Future debt proceeds from shortages identified for previous years98 6 Difference between the sum collectible from defaulters and the book value of assetshortageControl Account SubaccouFirst-LevelSecond- Descriptionnt Analysis LevelAnalysis99 TProfit and loss99 1 Profit and loss by type of activity99 2 Other income and expense balance99 3 T Other income resulting from emergencies306

99 3 1 Value of tangible assets remaining after the write-off ofassets unsuitable for restoration and further use as a resultof emergencies99 3 2 Insurance indemnity sums99 3 3 Other income resulting from emergencies99 4 T Other expense resulting from emergencies99 4 1 Losses not covered by insurance indemnity99 4 3 Losses from the write-off of inventories unsuitable forrestoration as a result of emergencies99 4 4 Non-recurring emergency benefits to employees99 4 5 Expenses in connection with a loss event99 4 6 Other expenses resulting from emergencies99 5 Current profit tax99 5 1 Deferred tax liabilities99 5 2 Profit tax and other similar dues for previous reportingperiods99 5 3 Income tax withheld in accordance with the laws of foreigncountries99 5 4 Deferred tax assets99 6 Profit tax reassessments99 7 T Fines and penalties related to taxes and other similardues99 7 1 T Tax penalties99 7 1 1 Profit tax penalties99 7 1 2 VAT penalties99 7 1 3PROPERTY TAX PENALTIES99 7 1 6 Other tax penalties99 7 1 7 Reassessed penalties payable99 7 2 T Tax fines99 7 2 1 Property tax fines99 7 2 2 VAT fines99 7 2 3 Property tax fines99 7 2 6 Other tax fines99 7 2 7 Reassessed fines payable99 7 5 T Unified social tax penalties99 7 5 1 Penalties related to the unified social tax payable to theSocial Insurance Fund of the Russian Federation99 7 5 2PENALTIES RELATED TO UST PAYABLE TO THEFEDERAL BUDGET99 7 5 3 Penalties related to the unified social tax payable as part ofcompulsory health insurance (FCMIF)99 7 5 4PENALTIES RELATED TO COMPULSORY307

SOCIAL INSURANCE AGAINST INDUSTRIALACCIDENTS AND PROFESSIONAL DISEASES99 7 5 5 Penalties related to the Pension Fund contributions(insurance component of the retirement pension)99 7 5 6 Penalties related to the Pension Fund contributions (fundedcomponent of the retirement pension)99 7 5 7 Penalties related to the unified social tax payable as part ofcompulsory health insurance (TCMIF)99 7 6 T Fines related to unified social tax99 7 6 1 Fines related to the unified social tax payable to the SocialInsurance Fund of the Russian Federation99 7 6 2 Fines related to the unified social tax payable to the PensionFund of the Russian Federation99 7 6 3 Fines related to the unified social tax payable as part ofcompulsory health insurance (FCMIF)99 7 6 4 Fines related to compulsory social insurance againstindustrial accidents99 7 6 5 Fines related to the Pension Fund contributions (insurancecomponent of the retirement pension)99 7 6 6 Fines related to the Pension Fund contributions (fundedcomponent of the retirement pension)99 7 6 7 Fines related to the unified social tax payable as part ofcompulsory health insurance (TCMIF)Control AccountDescriptionOff-balance-sheet accounts0001 Fixed assets leased0002 Assets taken on lease (financial lease)0003 Inventories accepted for custody0004 Materials accepted for processing0005 Goods accepted for commission0006 Equipment accepted for installation0007 Registered high-security forms0008 Bad debt write-off0009 Collateral securing obligations and payments received0010 Collateral securing obligations and payments provided0011 Residential property depreciation0012 Depreciation of land improvement facilities and other similar assets0013 Fixed assets leased out0014 Fixed assets leased out (financial lease)0015 Final appraisal of financial investments (additional shares received)0016 Founder contributions to non-profit-making organizations0017 Federally-owned property0018 Depreciation of federally-owned assets308

0019 Apartment depreciation0020 Fixed assets valued at not more than 20,000 rubles309

Section 2. Values of Company and Intercompany Settlements SegmentsCompany (Corporate Entities)00101 JSC IDGC HoldingCenter120 OAO Center of Settlements Optimization153 OAO Aviaenergo Airline133 OAO Research Institute for Energy Economics (OAO NIIEE)140 OAO Krzhizhanovsky Power Engineering Institute (OAO ENIN)142 OAO VNIPIenergoprom Association154 OAO Special Design Bureau of Heat Power Engineering Equipment VTI (OAO SKBVTI)170 OAO Zarubezhenergostroy281 OAO UPS Engineering Center – Gidroproekt, Lengidroproekt, Teploelektroproekt,ORGRES Firm395 OAO Interregional Distribution Grid Company of the Center443 OAO Moscow Power Grid Management Company503 OAO Moscow City Power Grid Company504 OAO Moscow Heat Network Company505 OAO Moscow United Electric Grid Company662 OAO Interregional Distribution Grid Company of the Center and Volga Region675 OAO Nedvizhimost of UPS Engineering Center677 OAO Nedvizhimost of VNIPIenergopromNorthwest033 OAO Lenenergo038 OAO Yantarenergo279 OAO Northwest Energy Engineering Center394 OAO Interregional Distribution Grid Company of Northwest595 OAO Northwest Energy Management Company678 OAO Nedvizhimost of the Northwest Energy Engineering CenterVolga203 OAO Volga Region Energy Engineering Center664 OAO Interregional Distribution Grid Company of Volga672 OAO Nedvizhimost of the Volga Region Energy Engineering CenterUrals055 OAO Tyumenenergo252 OAO Urals Energy Engineering Center398 OAO Interregional Distribution Grid Company of the Urals673 OAO Nedvizhimost of the Urals Energy Engineering CenterSouth066 OAO Ingushenergo067 OAO Kabbalkenergo069 OAO Karachayevo-Cherkesskenergo070 OAO Kubanenergo310

072 OAO Sevkavkazenergo081 OAO Grozenergo083 OAO ChirkeyGESstroy129 OAO Nurenergo258 OAO South Energy Engineering Center422 OAO Dagestan Power Sales Company444 OAO Kalmenergosbyt645 OAO Interregional Distribution Grid Company of the North Caucasus663 OAO Interregional Distribution Grid Company of South674 OAO Nedvizhimost of the South EECSiberia233 OAO Siberian Energy Research and Development Center237 OAO Sibenergosetproekt426 OAO Interregional Distribution Grid Company of Siberia560 OAO Tomsk Distribution Company650 OAO Tyvaenergosbyt676 OAO Nedvizhimost of the Siberian Energy Research and Development CenterEast117 OAO Bureyagesstroy210 OAO Dalselenergoproekt311

Section 3. Values of Activity Type SegmentList of activity typesDomestic market0 Without reference to activity typeSale of purchased goods in the domestic market17 Sale of other commercial productsSale of work and services in the domestic market (with the exception of lease)30 Agency services37 Other services38 Participation in other entities (dividend)Services related to property lease in the domestic market44 Plant lease45 Other property lease312

Section 4. Values of Cost Center SegmentCost Center000 Not broken down by cost center001 IT and Telecommunications Department002 Department for Process Control Systems (PCS)003 Department for Administrative Support004 Department for Business Planning005 Department for Business and Tax Accounting006 Department for Internal Audit007 Investment Department008 Department for Capital Construction009 Department for Corporate Governance and Shareholder Relations010 Department for Operations and Technology Management011 Department for Future Development and Сonnection012 Department for Interaction with Government Authorities, Public Organizations and Mass Media013 Department for Organization of Operations, Maintenance and Repair014 Department for Legal Support015 Department for Tariff Setting016 Department for Technical Audit017 Department for Technical Development and Regulation018 Department for Electricity Transportation and Customer Relationship019 Department for Personnel Management020 Department for Property Management021 Finance Department022 Department for Economic Security and Security Measures023 Directorate for Office Administration024 Directorate for Corporate Events025 Directorate for Organizational Development026 Directorate for Organization of Procurement Activities027 Directorate for Emergency Prevention028 Directorate for Production Control and Safety029 Directorate for Consolidated Analytical Accounting030 Directorate for Economic Planning and Budget031 Treasury and Liquidity Management032 Management033 Secretariat of the Director General, External Relations and Protocol034 Secretariat of the Management Board035 Secretariat of the Board of Directors036 Special Directorate037 Strategy and Development Center038 Security Group of the Project Center for Completion of Reorganization of RAO UES of Russia039 Group for Legal Support for Completion of Reorganization of the Company of the Project Center forCompletion of Reorganization of RAO UES of Russia040 Group for Ownership Regulation of the Project Center for Completion of Reorganization of RAO UES ofRussia041 Group for Protection of Shareholder Rights During Reorganization of the Company of the Project Center forCompletion of Reorganization of RAO UES of Russia042 Administrative Group of the Project Center for Completion of Reorganization of RAO UES of Russia043 Group for Preparation of Initial Statements of Target Companies and Final Statements of the Company of theProject Center for Completion of Reorganization of RAO UES of Russia044 Group for Organization of Activities of Infrastructural Entities of Wholesale Electricity and Capacity Market045 Project Center for Completion of Reorganization of RAO UES of Russia313

549 Repair work in the Chechen RepublicZZZ TotalSection 5. Tax Segment ValuesTax0 Not broken down1 Reducing tax base2 Not reducing tax baseSection 6. Industry Segment ValuesIndustry00 Not broken downI. Production sector1. Total fuel industry01 1.1. Oil extraction industry02 1.2. Refining industry03 1.3. Gas industry04 1.4. Coal industry05 1.5. Other types of fuel06 2. Ferrous metallurgy07 3. Non-ferrous metallurgy08 4. Chemicals and petrochemicals09 5. Mechanical engineering and metalworking industry10 6. Woodworking and timber industry11 7. Industrial building materials12 8. Light industry13 9. Food industry14 10.Other production segments15 II. Agriculture16 III. Forest managementIV. Transport and communications17 1. Railway transport18 2. Oil pipeline transport19 3. Gas pipeline transport20 4. Communications21 5. Other types of transport and communications22 V Construction23 VI Housing and public services24 VII Households25 VIII Other industriesI. Total enterprises and organizations financed by the federal budget26 1. Ministry of Defense27 2. Ministry of Interior28 3. Military-industrial complex314

29 4. Research institutions30 5. Ministry of Communications31 6. OtherII. Total enterprises and organizations financed by local budget32 1. Health care and culture33 2. Water supply and sewerage34 3. OtherIII. Wholesale resellers35 1. Wholesale resellers reporting to local administration362. Wholesale resellers not reporting to local administration315

Chart of Accounts Structure and ComponentsSEGMENT 1SEGMENT 2COMPANYACCOUNTList of values 1List of values 2XXXXXXXXXXXXXSEGMENT 3SEGMENT 4SEGMENT 5SEGMENT 6SEGMENT 7TYPE OF ACTIVITYCOST CENTERINTERCOMPANY SETTLEMENTSTAXINDUSTRYList of values 3List of values 4List of values 5List of values 6List of values 7XXXXXXXXXXXXXXXXXX-XXXXXXXX-XX-XXX-XXXXX-Х-ХХ26316

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION1COMPANY5This segment will contain successively numberedcorporate entities and their functions. This 5-symbolsegment will allow:- Generating the balance sheet and income statement ofeach corporate entity-Consolidating based on segment values-Tracking intercompany transactions: identifying thecompany which is the source of operation. The recipientwill be marked by the value of the intercompanysettlements segment.- Using automatic elimination of intercompany transactionsto generate the balance sheet and income statement-Viewing the details of each operation down to the sourcedocument317

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION2ACCOUNT8This is a natural account segment. It contains syntheticaccount and subaccount. The list of values for this segmentwill be the same for all entities of the holding company. Theconsolidation process will be based on this segment.318

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION3TYPE OFACTIVITY2This segment will be used for recording information relatedto the types of activity. The list of values for this segmentwill contain the types of activity of all entities of the holdingcompany. The advantage of this solution is that it allowstracking expenses/income/budgets for each type of activitythroughout the holding company.319

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION4COSTCENTER3This segment contains the values of cost centers. Itsvalues will vary among corporate entities and ledger sets.This segment will allow:- Checking whether cost center expenses comply with thebudget (as of transaction entry into the system)- Analyzing profitability (for cost/profit centers)- Analyzing cost center information with regard to othersegments (for example, type of activity costs with regard toa specific cost center)- Determining fixed assets for a specific cost center320

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION5INTERCOMPANYSETTLEMENTS5This segment is intended for intercompany settlements.The number of symbols for this segment will be thesame as the number of symbols for the COMPANYsegment. The combination of the COMPANY andINTERCOMPANY SETTLEMENTS segments will allow:- Tracking information about the intercompanytransaction recipient. The sender will be recorded in theCOMPANY segment.- Using the functionality of automatic elimination- Approving transactions throughout the holdingcompany.321

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION6TAX1This segment is intended for dividing expenses intothose reducing and not reducing the tax base.322

Chart of Accounts Structure and Components#SEGMENTNumber ofSymbolsDESCRIPTION7INDUSTRY2This segment is intended for the industry classificationof debtors, which is necessary to prepare statements inaccordance with international standards.323

Appendix 4to Order of JSC IDGC HoldingNo. 44 of September 5, 2008APPROVED BYManager of the delivering entity (Full Name)SignatureDATESealChief Accountant (Full Name)APPROVED BYManager of the receiving entity (Full Name)SignatureDATESealChief Accountant (Full Name)Receiving entity (name, address, bank account details)Delivering entity (name, address, bank account details)Ground for deed preparation (name, number, date)NUMBERDEED OF DELIVERY OF FIXED ASSETSIMMOVABLE PROPERTYDATENo.Type offixedassetsLocationof fixedassetsNumber ofstateregistrationof rightsDate ofstateregistrationof rightsOKOF(All-RussianClassifierof FixedAssets)DepreciationgroupCommissioningdateUseful life,months/Rate ofdepreciation,%Replacementvalue, rublesAccumulateddepreciation(wear)Residualbookvalue,rublesSellingprice(exclusiveof VAT),rubles1 2 3 4 5 6 7 8 9 10 11 12 13 14includingTotal area, m2Number of floorsSellingprice(inclusiveof VAT),rubles324

Total construction volume, m3includingunderground volume, m3Area occupied by built-in, attached and combined premises, m2TOTAL total total total total totalTotal sum for column 14 (in words), including VAT amount at the existing rate (in words).Delivered by (Full Name)Received by (Full Name)This Deed is subject to mandatory endorsement in accordance with Order No. 29 of January 25, 2005.Chairman of the Commission: title signature full nameMembers of the Commission title signature full nametitle signature full nametitle signature full nametitle signature full name325

Appendix 4to Order of JSC IDGC HoldingNo. 44 of September 5, 2008APPROVED BYManager of the delivering entitySignatureFull NameDATESealChief AccountantSignatureFull NameAPPROVED BYManager of the receiving entitySignatureFull NameDATESealChief AccountantSignatureFull NameReceiving entity (name, address, bank account details)Delivering entity (name, address, bank account details)Ground for deed preparation (name, number, date)No.Type offixedassetsLocationof fixedassetsOKOF(All-RussianClassifierof FixedAssets)DepreciationgroupCommissioningdateDEED OF DELIVERY OF FIXED ASSETSMOVABLE PROPERTYNo. ___ dated___Useful life,months/Rate ofdepreciation,%Replacementvalue, rublesAccumulateddepreciation(wear)Residualbookvalue,rublesSellingprice(exclusiveof VAT),rubles1 2 3 4 5 6 7 8 9 10 11 12TOTAL total total total total totalSellingprice(inclusiveof VAT),rubles326

Total sum for column 12 (in words), including VAT amount at the existing rate (in words).Delivered bySignatureFull NameReceived bySignatureFull NameThis Deed is subject to mandatory endorsement in accordance with Order No. 29 of January 25, 2005.Chairman of the Commission: title signature full nameMembers of the Commission title signature full nametitle signature full nametitle signature full nametitle signature full name327