Annual report 2010

5. Approval of the format of presentation of the consolidated investment program of JSCIDGC Holding to the Board of Directors of JSC IDGC Holding.6. Organization a nd e valuation of e fficiency of e xisting pr ocesses of t he pe rformance ofconstruction work and implementation of investment programs.7. Information a bout t he pr ocedure f or a pproval a nd r evision of i nvestment pr ograms ofSDCs of J SC I DGC Hol ding a t t he executive a uthorities o f t he c onstituents of t he R ussianFederation in 2010 and proposals on the improvement thereof.1. THE FOLLOWING PERSON WAS HEARD:A. V. Sannikov.Election of the Deputy Chairman of the Investment Committee and the Secretary of the InvestmentCommittee.IT WAS RESOLVED AS FOLLOWS:Alexey Valeryevich Sannikov, Deputy Director General of JSC IDGC Holding, shall be electedDeputy Chairman of the Investment Committee of the Board of Directors of JSC IDGC Holding.Sergey Va silyevich P odlutsky, He ad o f t he Di vision f or Cons olidated Ana lytics of E xternalProduction Re sources of t he I nvestment De partment of J SC I DGC Hol ding, s hall be e lectedSecretary of the Investment Committee of the Board of Directors of JSC IDGC Holding.2. THE FOLLOWING PERSON WAS HEARD:A. V. Sannikov.Approval of the budget of the Investment Committee for Q4 2010 and H1 of 2011.IT WAS RESOLVED AS FOLLOWS:The budget of the Investment Committee shall be a pproved for Q4 2010 and H1 of 2011 inaccordance with the appendix hereto.3. THE FOLLOWING PERSON WAS HEARD:S. A. Balaeva.Approval of the Regulations for Consideration and Presentation for Consideration by the Board ofDirectors of the Consolidated Investment Program of JSC IDGC Holding.IT WAS NOTED AS FOLLOWS:Re: N. G. Shulginov’s comments and proposals:Since the regulations under consideration relate to corporate procedures of presentation andconsideration of investment programs by the Board of Directors of JSC IDGC Holding andthe B oard of Di rectors of s ubsidiaries and de pendent c ompanies o f J SC I DGC Hol dingonly, the procedure for agreement upon, consideration of discrepancies and approval ofinvestment programs in accordance with Resolution No. 977 of December 01, 2009, of theGovernment of the Russian Federation, with regard to corporate procedures of JSC IDGCHolding wi ll be c onsidered a s p art of I ssue 7 on t he a genda of t he m eeting of t heInvestment Committee.IT WAS RESOLVED AS FOLLOWS:1. The Regulations for Consideration and Presentation for Consideration by the Board ofDirectors of t he Con solidated I nvestment P rogram of J SC I DGC Holding s hall b eapproved.2