April 27, 2012, Ufa (the Republic of Bashkortostan). The Board of Directors of OJSC “Bashkirenergo” approved the date and place of holding annual general meeting of shareholders (AGMS). Meeting of the Company’s supreme managing body will take place on June 20, 2012 by the following address: Ufa, Pervomayskaya Str., 47, Culture center “Khimkov”. Registration of entities participating in the AGMS shall start at 12:00. List of persons entitled to participate in the AGMS will be drawn in accordance with information from the shareholders’ register as of May 5, 2012 (the end of working day).

In accordance with the meeting results the Board of directors of OJSC Bashkirenergo recommended the Annual General Meeting of Shareholders to allocate a part of the Company’s net profit by the FY2011 results amounting to RUR 382,967 thsd to a dividends payment on A type preferred shares, what comprises RUR 8,57 per one share. Thus, in case of AGMS’s positive decision and accounting progress payment of dividends by 9M 2011results in amount of RUR 0.92 per one preferred share the final payment of dividends will comprise RUR 7.65 per one preferred share. It was decided not to pay dividends on A type ordinary shares.

Also, the Board of Directors approved a number of internal regulations, order of holding the AGMS and included the following issues to the AGMS agenda: election of members of the Company’s Board of directors and Audit Commission, approval of the Company’s auditor, approval of the Company’s annual report and annual accounting statements in accordance with the FY 2011 results.

Information for shareholders related with holding the annual general meeting of shareholders will be available since May 31 2012 till June 19, 2012 every day from 9:00-17:00 by the following address: Russian Federation, the Republic of Bashkortostan, Ufa, Komsomolskaya str, 126, or on the Company’s web site: https://www.bashkirenergo.ru.

Postal address for sending completed ballots is as follows: 450005, the Russian Federation, the Republic of Bashkortostan, Ufa, Dostoyevskogo str.,139 or 450000, Ufa-center, PO Box 1286, OJSC «Reestr».