Annual report 2010

Million, Forty-One Thousand, Five Hundred Twenty-Seven Rubles and 12 Kopecks(RUB2,384,041,527.12).2. The r elated pa rty transaction—the agr eement for pu rchase of a dditionalordinary shares i n O AO K ubanenergo ( hereinafter, the “ Agreement”)—shall b eapproved on the following terms and conditions:Parties to the Agreement: OAO Kubanenergo (Kubanenergo) and JSC IDGCHolding (the Buyer).Subject matter of the Agreement: Kubanenergo shall transfer into the Buyer’sownership, a nd t he Buyer s hall a ccept and pay for t welve m illion, eight hun dredninety-two thousand, two hu ndred e ighty-six ( 12,892,286) sha res a t t he p rice o f184.92 rubles per one share, placed by public offering, in the process of exercisingthe Buyer’s pre-emption right on the terms and conditions of the Agreement.The total value of s hares in Kubanenergo purchased under the Agreement bythe Buyer is Two Billion, Three Hundred Eighty-Four Million, Forty-One Thousand,Five Hundred Twenty-Seven Rubles and 12 Kopecks (RUB2,384,041,527.12).Term of t he A greement: The A greement sh all t ake ef fect (shall be deemedentered i nto) after t he e xecution t hereof by t he Pa rties or t heir du ly a uthorizedrepresentatives a nd sha ll re main e ffective un til t he Pa rties p erform a ll o f t heirrespective obligationsOther conditions precedent of the Agreement:Method of payment for shares: in cash in Russian rubles.Voting results:“FOR” - 13 persons V. M. Kravchenko, V. V. Tatsiy,V. V. Klimov,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” - 1 person P. V. ShpilevoyApproved by a majority of votes.Issue 3: Approval of the agreement for purchase of additional ordinary sharesin OAO Kubanenergo placed by public offering upon expiry of the term of the preemptionright by and between JSC IDGC Holding and OAO Kubanenergo, which is arelated party transaction.It was resolved as follows:3