SECURITIES PROSPECTUS

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