SECURITIES PROSPECTUS

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