SECURITIES PROSPECTUS

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