Annual report 2010

M I N U T E Sof the Meeting of the Board of DirectorsNovember 9, 2010 No. 47MoscowThe decision of the Board of Directors of JSC IDGC Holding was approvedby absentee voting (voting by ballot).The following members of the Board of Directors participated in the voting:S. I. Shmatko, N. N. Shvets, S. R. Borisov, V. A. Gulyaev, V. M. Kravchenko,V. V. Kudryavy, G. P. Kutovoy, S. V. Maslov, S. Remes, S. V. Serebryannikov,V. V. Tatsiy, A. P. Terekhov, V. N. Titov, and I. V. Khvalin.P. O. Shatsky did not participate in the voting.Agenda:1. Defining of the position of JSC IDGC Holding (representatives of JSCIDGC Holding) on the item on the agenda of the meeting of the Board of Directorsof O AO Chechenenergo “Agenda of the E xtraordinary G eneral M eeting ofShareholders of OAO Chechenenergo.”2. Defining of the position of JSC IDGC Holding (representatives of JSCIDGC Holding) on the item on the agenda of the meeting of the Board of Directorsof O AO ID GC of t he N orth C aucasus “Agenda of t he Ext raordinary G eneralMeeting of Shareholders of OAO IDGC of the North Caucasus.”3. Approval o f t he A greement f or t he R etirement of O AO ID GC of t heNorth Caucasus’s Promissory Notes Through the Issue of OAO IDGC of the NorthCaucasus’s N ew P romissory N ote to be entered i nto by and between JSC IDGCHolding a nd OAO ID GC of t he N orth C aucasus, w hich i s a re lated p artytransaction.