The Annual General Shareholders’ Meeting approved the annual report and annual financial statement of the Company.

In 2006 OJSC TGC-9 power stations generated 20, 11 milliard kW/h of electricity; that exceeds the generation in 2005 in 240,6 million kW/h (1,2%). The distribution of electricity made up 42,99 million Gkal and exceeded the figures of 2005 by 2,4 million Gkal (6%).

In 2005 the Company revenue is 29,43 milliard RUR, sales return – 2,62 milliard RUR, net profit – 1,52 milliard RUR.

The Shareholders’ Meeting approved distribution of profit based on the results of 2006. 75,85 million RUR are allocated to the Surplus fund, 1,19 milliard RUR – to the Allocation fund.

Considering the fact that dividends at the rate of 0,000051778 ( 250 million RUR in total) per ordinary share were charged based on the results of 9 months of 2006 on ordinary shares of OJSC TGC-9 the Shareholders’ Meeting took the decision not to pay the dividends on ordinary shares of OJSC TGC-9 based on the results of 2006.

Besides, the Shareholders’ Meeting took the decision to pay the dividends on shares of OJSC TGC-9 based on the results of the 1^st quarter of 2007 in the amount of 0,0000877517 RUR per ordinary share of the Company in cash within 60 days from the date of the decision to pay them.

The Annual General Shareholders’ Meeting elected the Board of Directors of OJSC TGC-9 consisting of 13 persons. It included:

Gluschenko Aleksey Dmitrievich – the Senior Vice-President for Assets Management of CJSC IES.

Slobodin Michail Yurievich - the President of CJSC IES.

Smelov Eduard Yuryevich – the Senior Vice-President for Strategy and Development of CJSC IES.

Chikunov Alexander Vasilievich – a member of the Executive Committee, Managing Director of OJSC RAO UES of Russia (Business Unit No 1).

Burnashev Dmitryi Alexandrovich – the Head of Business Planning Department of the Corporate Center of OJSC RAO UES of Russia.

Buchvalov Nikolay Yuvenalyevich – Head of the Government of Perm Territory.

Makarov Andrey Yurievich – the General Director of OJSC TGC-9.

Melnikov Dmitryi Alexandrovich – the Chief Executive of Business Unit No 1 of OJSC RAO UES of Russia.

Molchanov Vladimir Antonovich – the First Deputy Head of the Government of Sverdlovsk Region.

Tulyakov Vadim Viktorovich – the Deputy Head of the Property Relations Department of the Corporate Center of OJSC RAO UES of Russia.

Tzuranov Igor Grigoryevich – the Chief Executive of Business Unit No 1 of OJSC RAO UES of Russia.

Chernov Aleksey Leonidovich – the Deputy Head of the Republic of Komi.

Ekzarcho Elena Vilenovna – the Leading Expert of the Market Department of the Center for Reform Management of OJSC RAO UES of Russia.

The shareholders also elected the Auditing Commettee consisting of 5 persons. It included:

Shelkovoy Vitaly Valerievich - the Deputy Head of the Internal Control and Audit Department of CJSC IES.

Ivanova Tatyana Egorovna – the Deputy Chief Accountant of OJSC TGC-9.

Michno Irina Vasilyevna – the Deputy Head of the Internal Audit Department – the Head of the Corporate Center Department of OJSC RAO UES of Russia.

Polyakova Tatyana Vasilyevnna – the Leading Expert of the Internal Audit Department of the Corporate Center of OJSC RAO UES of Russia.

Sidorov Sergey Borisovich – the Head of the Internal Audit Department of the Corporate Center of OJSC RAO UES of Russia.

The Annual General Shareholders’ Meeting approved CJSC “PricewaterhouseCoopers Audit” as the Auditor of the Company.

The Annual General Shareholders’ Meeting made changes to and introduced amendments into the Charter of the Company, approved the new edition of the Regulation on Payment of remunerations and compensations to members of the Board of Directors.

The Annual General Shareholders’ Meeting approved the Underwriting Contract concluded by OJSC TGC-9 with the banks as a result of the offer of the new additionally issued ordinary shares of the Company to the investors, the Contract itself being the subject of the Major Transaction.

The Annual General Shareholders’ Meeting approved the contract on purchase and sale of shares concluded by OJSC TGC-9 (the Seller) and Limited Liability Company IES- Holding and/or its affiliated person (“BEREZVILLE INVESTMENTS LIMITED”) (the Buyer) as the possible future transaction within the distribution of additional shares, in which there is an interest.