Annual report 2010

10the B onds. I n t he e vent t hat one pe rson i s a uthorized b y se veral ho lders o f t heBonds to receive the early redemption value of the Bonds, then the total amountshall be paid to such person without being broken down into amounts payable toeach holder of the Bonds. The start date and end date for the early redemption ofthe Bonds shall fall on the same day. If the Bonds are redeemed earlier, their parvalue and accrued coupon income related thereto shall be paid in Russian rubles bybank transfer.Other terms and conditions of and the procedure for the early redemption ofthe Bonds a t the option o f t he Iss uer a nd a t t he re quest of their holders arecontained in the Decision on the Securities Issue and the Securities Prospectus.Approved unanimously.7. THE FOLLOWING PERSON WAS HEARD:A. V. DemidovPlacement by JSC IDGC Holding of Series 02 bonds.THE FOLLOWING PERSONS REPORTED:V. V. Tatsiy, V. N. TitovIT WAS RESOLVED AS FOLLOWS:Seven million (7,000,000) inconvertible interest-bearing certificated bearerbonds, Se ries 02, ( hereinafter re ferred t o a s t he “ Bonds”) of J SC Int erregionalDistribution Grid C ompanies H olding ( hereinafter, t he “Issuer”), su bject t omandatory centralized custody, each with a par value of one thousand (1,000)rubles, w ith t he t otal pa r value o f se ven b illion (7,000,000,000) rubles, sha ll b eplaced through a p ublic offering at a p rice equal to one hundred (100) percent ofthe par v alue of t he Bo nds, or one t housand (1,000) ru bles for one ( 1) Bo nd.Starting from the second (2nd) day of the placement of the Bonds, any buyer shall,when making a purchase and sale transaction in relation to the Bonds, also pay theamount of accrued coupon income from the Bonds calculated as of the start date ofthe placement of the Bonds in accordance with the following formula:ACI = R1 * PV * (T – T0) / 365 / 100%, wherePV is the par value of one Bond,R1 is the interest rate of the 1st coupon period (interest per annum),T0 i s t he st art da te o f t he placement of t he B onds, T i s the date o f t heplacement of the Bonds.The calculated amount of accrued coupon income shall be rounded up ordown t o the nearest w hole kopeck ac cording t o ma thematical ro unding rules. Inthis context, “ mathematical ro unding ru les” s hall mean t he ro unding m ethodprescribing that any whole kopeck(s) shall not be changed if the digit immediatelyfollowing the rounded-off digit is in the range of 0 to and including 4 and shall beincreased by one kopeck if the digit immediately following the rounded-off digit isin the range of 5 to and including 9.The B onds sha ll be pl aced t hrough p urchase a nd sa le t ransactions in t heprocess o f M ICEX St ock E xchange t rading a t t he of fering price o f t he Bo nds.