SECURITIES PROSPECTUS

• 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