Annual report 2010

Issue 1: Purchase of a dditional ordinary shares in OAO Kubanenergo by JSCIDGC Holding.It was resolved as follows:It shall be r ecommended to the Board of D irectors of JSC IDGC Holding tomake the following decision:“The purchase of thirteen million, two hundred three thousand, four hundredtwenty-two ( 13,203,422) a dditional o rdinary s hares in O AO K ubanenergo s hall beapproved at the placement price of one additional ordinary share in OAOKubanenergo defined by the decision of the Board of Directors of OAOKubanenergo, which is O ne Hundred E ighty-Four Rubles and 92 Kopecks(RUB184.92), to the total amount not exceeding Two Billion, Four Hundred Forty-One M illion, Fi ve H undred S eventy-Six Thousand, Se ven Hundred N inety-SixRubles a nd 2 4 K opecks ( RUB2,441,576,796.24), i ncluding: twelve m illion, e ighthundred ninety-two thousand, two hundred eighty-six (12,892,286) shares to the totalamount of Two Billion, Three H undred Eighty-Four Million, Forty-One Th ousand,Five Hundred Twenty-Seven Rubles and 12 Kopecks (RUB2,384,041,527.12) in theprocess of exercising the pre-emption right,not more than three hundred eleven thousand, one hundred thirty-six (311,136)shares to the total amount not exceeding Fifty-Seven Million, Five Hundred Thirty-Five Thousand, Tw o H undred Sixty-Nine Rubles an d 12 Kopecks(RUB57,535,269.12) placed by public offering upon expiry of t he term of the preemptionright.Voting results:“FOR” - 12 persons V. M. Kravchenko, V. V. Tatsiy,A. V. Demidov, M. Yu. Kurbatov,V. V. Nikonov, I. V. Khvalin, N. G. Shulginov,S. V. Serebryannikov, M. G. Tikhonova,V. A. Gulyaev, S. Remes, and V. A. Shkatov“AGAINST” - none“ABSTAINED” - 2 persons P. V. Shpilevoy and V. V. KlimovApproved by a majority of votes.Issue 2: Approval of t he ag reement for purchase by J SC I DGC H olding ofadditional ordinary shares in OAO Kubanenergo in the process of exercising a preemptionright by JSC IDGC Holding, which is a related party transaction.It was resolved as follows:It shall be recommended to the Board of Directors of JSC IDGC Holding tomake the following decision:1. It shall be spe cified t hat t he v alue of additional or dinary s hares in O AOKubanenergo to be pu rchased u nder t he a greement for purchase of a dditionalordinary shares i n OAO K ubanenergo t o be entered i nto by a nd between O AOKubanenergo a nd JSC I DGC H olding is T wo Billion, Three H undred E ighty-Four2