On Monday, March 4, OAO Mosenergo’s Board of Directors elected the following members of the Investment Committee:

1. Zagretdinov I.Sh. – Deputy Manager of BE-1 RAO UES of Russia;
2. Yu.E. – Deputy General Director of OAO Mosenergo for capital construction and purchasing;
3. Lagutin A.B. – Investment Director of OAO Mosenergo;
4. Rozhkov, D.E. – Chief Specialist – Manager of BE-1 line RAO UES of Russia;
5. Fedorov D.V. – Advisor to the General Director of OOO Mezhregiongaz;
6. Kravchenko A.S. – Project Manager of AB Gazprombank (ZAO);
7. Gavrilenko A.A. General Director of ZAO Lider;
8. Tushunov D.Yu. – Chief Economist of ZAO Lider;
9. Demin V.A. – Senior Economist of ZAO Lider.

Zagretdinov I.Sh., Deputy Manager of BE-1 RAO UES of Russia, was elected Chairman of the Investment Committee.

In accordance with the Investment Committee Regulations, Committee members and specialists shall be elected by the Company’s Board of Directors from candidates presented by members of the Company’s Board of Directors and shareholders. The primary objective of the Committee’s activities shall be preliminary examination and discussion and monitoring of the implementation of the Company’s investment projects, as well as assisting the Company’s Board of Directors in improving and developing the Company’s investment policy and mechanisms for preparing, approving, and implementing investment projects of the Company and its subsidiaries.

The Board of Directors included the following candidates in the list for election to the Board of Directors of OAO Mosenergo:

1. Akimov A.I. – Chairman of AB Gazprombank (ZAO);
2. Aksenov P.N. – First Deputy Mayor of Moscow in the Government of Moscow;
3. Budzulyak B.V. – Member of the Governing Board, Manager of the Department of Transportation, Underground Storage, and Gas Use of OAO Gazprom (nominated by OAO Gazprom);
4. Bykhanov E.N. – Deputy General Director of the Institute of Professional Directors Fund;
5. Gavrilenko A.A. – General Director of UK Lider;
6. Golubev V.A. – Vice Chairman of OAO Gazprom (nominated by OAO Gazprom);
7. Zagretdinov I.Sh. – Deputy Manager of BE-1 RAO UES of Russia;
8. Kopsov A.Ya. – General Director of OAO Mosenergo;
9. Kravtsov A.N. – Executive Vice President of AB Gazprombank (ZAO);
10. Matveev A.A. – Vice Chairman of AB Gazprombank (ZAO);
11. Negomedzyanov A.A. – First Deputy General Director of OAO Mosenergo for finance and economics, logistics, and sales;
12. Pavlova O.P. – Member of the Governing Board, Manager of the Property Management and Corporate Relations Department of OAO Gazprom (nominated by OAO Gazprom);
13. Pichugina M.N. – Deputy Manager of BE-1 of RAO UES of Russia;
14. Poryakov I.S – Advisor to the Institute of Professional Directors Fund:
15. Remes Seppo Yukha – Chairman of the Audit Committee under the Board of Directors of RAO UES of Russia;
16. Rumyantsev S.Yu. – First Deputy General Director of OAO Mosenergo for economics;
17. Scribot Wolfgang – Manager of the Corporate Financing Department of AB Gazprombank (ZAO);
18. Seleznev K.G. – Member of the Governing Board, Manager of the Department of Marketing, Gas Processing, and Liquid Hydrocarbons of OAO Gazprom (nominated by OAO Gazprom);
19. Smirnov P.S. – Member of the Governing Board of RAO UES of Russia;
20. Sobol A.I. – Vice Chairman of AB Gazprombank (ZAO) (nominated by OAO Gazprom);
21. Udaltsov Yu.A. – Member of the Governing Board, head of the Reform Management Center of RAO UES of Russia;
22. Fil S.S. – Manager of the Department of Corporate Events of BE-1 RAO UES of Russia;
23. Shtykov D.V. – General Director of the Institute of Professional Directors Fund;
24. Yatsenko S.V. – Deputy Manager of the Department of Finance and Economics of OAO Gazprom (nominated by OAO Gazprom).

The Board of Directors included the following candidates in the list for election to the Audit Committee of OAO Mosenergo:

1. Belobrov A.V. – Deputy Department Manager, Manager of the Office for Control of the Activities of Gas Supply System Maintenance Organizations of the Department of Internal Audit and Financial and Economic Control of Subsidiaries and Organizations of the Administration of OAO Gazprom;
2. ?Vasilyev S.V – Manager of the Legal Department of the Corporate Center of RAO UES of Russia;
3. Zabrodin O.V. – Chief Accountant of GES-1, a subsidiary of OAO Mosenergo;
4. Ishutin R.V. – Manager of the Department of Internal Audit and Financial and Economic Control of Subsidiaries and Organizations of the Administration of OAO Gazprom;
5. Klyuchnikov A.N. – Deputy Department Manager, Manager of the Office for Control of the Activities of Gas Supply System Maintenance Organizations of the Department of Internal Audit and Financial and Economic Control of Subsidiaries and Organizations of the Administration of OAO Gazprom;
6. Kovalev V.A. – Deputy Manager of the Office for Control of the Activities of Gas Supply System Maintenance Organizations of the Department of Internal Audit and Financial and Economic Control of Subsidiaries and Organizations of the Administration of OAO Gazprom;
7. Kormushkina L.D. – Senior Specialist of the Internal Audit Department of the Corporate Center of RAO UES of Russia;
8. Prostokishina T.A. – Senior Specialist of the Internal Audit Department of the Corporate Center of RAO UES of Russia;
9. Sidorov S.B. – Manager of the Internal Audit Department of the Corporate Center of RAO UES of Russia;
10. Fomichev S.E. – Manager of the Department of Internal Audit and Financial and Economic Control of Subsidiaries and Organizations of OAO Gazprom.

The Board of Directors of OAO Mosenergo has set the date for a meeting of the Board of Directors to consider questions relating to preparing for and holding the annual General Meeting of Shareholders on March 26, 2007.

The Board of Directors has approved key measures of the Program of ecological policy implementation for 2007-2009, including the following:

• atmospheric air protection (installation of clean-burn combustion units, the use of flue gas recycling and staged fuel combustion technologies, and gas-analyzing equipment to monitor atmospheric air);
• conservation and rational use of water resources (introduction of continuous wastewater quantity and quality control monitoring systems at GES-1, TETs-9, TETs-12, TETs-22, and TETs-26; installation of water traps on cooling towers, cleaning and dredging reservoirs, automatic effluent neutralization and desalting, and construction of treatment facilities);
• conservation and rational use of land (sludge recycling, establishment of temporary waste storage sites);
• Inventorying greenhouse gas emissions. Establishment of a «Greenhouse Gases» corporate data analysis system at OAO Mosenergo;
• Assessing investment projects for potential to attract additional funds for carbon financing under the Kyoto Protocol.

The Board of Directors of OAO Mosenergo has noted information on financing PGU construction projects at TETs-21, TETs-26, and TETs-27 in 2005-2006, and in the first quarter of 2007. More than 7 276 million rubles net of VAT were allocated to construction of steam-gas power-generating units in 2005-2006; and according to refined figures for the first quarter of 2007, financing more than 4 864 million rubles is being provided for construction projects.