On the 25 June Annual General Meeting of Shareholders of JSC HydroOGK the shareholders approved the annual report of the Company for 2007, the financial reporting for 2007, the profit and loss statements for 2007, and the distribution of profits. In view of dividend payment for the 1st quarter of 2007 in the amount of 1,119,000,000 rubles, a resolution was adopted not to pay dividends for 2007.

CJSC PricewaterhouseCoopers Audit was approved as the Company’s auditor.

The Meeting of Shareholders approved the restated version of the Company’s Charter, as well as a series of Regulations:

-  Restated Regulations on the Management Board of the Company;

-  Restated Regulations on payment of remuneration and compensation to members of the Board of Directors of the Company;

-  Restated Regulations on payment of remuneration and compensation to members of the Auditing Commission of the Company.

The following Board of Directors of the Company was elected:

1.  Viktor Borisovich Khristenko – Minister for Industry and Trade of the Russian Federation;

2.  Yakov Moiseyevich Urinson – Deputy Chairman of the Management Board of RAO UES of Russia, head of the Corporate Center of RAO UES of Russia;

3.  Vyacheslav Yuryevich Sinyugin – Deputy Energy Minister of the Russian Federation;

4.  Andrei Natanovich Rappoport – Member of the Management Board, Managing Director of the “Network” Business Unit of RAO UES of Russia, Chairman of  the Management Board of JSC FGC UES;

5.  Boris Ilyich Ayuev – Member of the Management Board of RAO UES of Russia, Chairman of the Management Board of JSC SO UES;

6.  Yuri Arkadyevich Udaltsov – Member of the Management Board of RAO UES of Russia, Head of the Reform Management Center of RAO UES of Russia;

7.  Dmitry Valeryevich Ponomarev – Chairman of the Management Board of NP ATS;

8.  Rustem Zakiyevich Khamitov – Head of the Federal Water Resource Agency;

9.  Yuri Mitrofanovich Medvedev – Deputy Head of the Federal Property Management Agency;

10. Dmitry Sergeyevich Akhanov – Head of the Federal Energy Agency;

11. Sergei Yuryevich Vyazalov – Deputy Head of the Foreign Policy Administration of the President of the Russian Federation;

12. Andrei Vladimirovich Sharonov – Managing Director of the Troika Dialog Group of Companies;

13. Seppo Juha Remes – General Director of JSC KIURU.

The following Auditing Commission of the Company was elected:

1. Sergei Borisovich Sidorov – Head of the Internal Audit Department of the Corporate Center of RAO UES of Russia;

2. Dmitry Alexandrovich Burnashev – Head of the Business Planning Department of the Corporate Center of RAO UES of Russia;

3. Denis Vladislavovich Gataulin – Deputy Head of the Capital Management Department of JSC HydroOGK;

4. Artyom Vladislavovich Lukashov – leading expert of the Capital Management Department of JSC HydroOGK;

5. Vadim Anatolyevich Zakharov – Head of the Internal Audit and Risk Management Department of JSC HydroOGK.

In addition, the Meeting of Shareholders adopted a resolution to increase the Company’s authorized equity capital by placing 4,300,000,000 additional ordinary registered shares with a par value of 1 ruble per share to the total amount of 4,300,000,000 rubles. Detailed information on the additional issues is available at https://www.eng.gidroogk.ru/investors/share-capital.