Annual report 2010

M I N U T E Sof the Meeting of the Board of DirectorsDecember 24, 2010 No. 50MoscowThe 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, I. V. Khvalin, and P. O. Shatsky.Agenda:1. Acquisition by JSC IDGC Holding of additional ordinary shares in OAOKubanenergo.2. Approval of an agreement between JSC IDGC Holding and OAOKubanenergo for t he a cquisition o f a dditional ordinary shares i n O AOKubanenergo to b e p laced t hrough a public off ering after the e xpiration of t hepreemptive right period, which is a related party transaction.3. Approval of an agreement for the acquisition by JSC IDGC Holding ofadditional o rdinary s hares i n O AO K ubanenergo in t he p rocess of JSC ID GCHolding’s exercising its preemptive ri ght in relation thereto, which i s a relatedparty transaction.1. Acquisition by JSC IDGC Holding of additional ordinary shares in OAOKubanenergo.IT WAS RESOLVED AS FOLLOWS:The acquisition by JSC IDGC Holding of a total of at most thirteen million,two hundred three thousand, four hundred twenty-two (13,203,422) additional