Open JSC " Central Moscow Depositary" have summarized the results of the JSC "Territorial Generating Company # 2" (TGC-2) Annual General Shareholders Meeting, which took place on May 22 in Yaroslavl in the form of a simultaneous attendance. Meeting quorum constituted 86,45% of total amount of voices, which the shareholders, included in the list of authorized participants, had for the agenda questions.

Shareholders Meeting approved the Annual Report for financial year 2007, the Accounting Balance of the Company, including Company’s profit and losses statement and the distribution of profit, including dividends payment, according to the results of the past financial year.
Total sale revenue of the Company in 2007 constituted RUB16,58 bln, sale profit – RUB 304,875 mln. At the same time the net gain according to the results of the past year and after discharge all of taxes composed RUB 20,433 mln. Shareholders decided to distribute the net gain in the following way: reserve stock – RUB 1,022 mln, dividends – RUB 8,173 mln, accumulating fund – RUB 11,238 mln.

Participants decided to pay dividends according to the results of year 2007 at the rate of RUB 7,3465 per 1 mln ordinary shares and RUB 7,3465 per 1 mln Company’s preferred shares in monetary form within 60 days from the day of dividend payment’s decision-making.
Moreover shareholders decided not to pay dividends according to the results of the first quarter of year 2008.

Shareholders approved new Board of Directors. It includes TGC-2 Director General Andrey Vagner, Vice-Chairman of Board of Directors of Federal Grid Company Victor Vasilev, Vice-Chairman of Board of Directors of Federal Grid Company Mikhail Tuzov, Deputy Head of Corporate Governance Department of Federal Grid Company Yuriy Goncharov, Deputy Head of Department of Corporate Governance and Investor Relations, Corporate Center RAO "UES of Russia" Igor Zenyukov, Executive Officer of BU-1 RAO "UES of Russia" Dmitriy Melnikov, Director for Development and Market Relations of System Operator - Centralized Dispatching Administration Fyodor Opadchiy, Directors of Prosperity Capital Management Ltd Moscow office Alexander Branis and Roman Filkin, Director for Corporate Governance of Prosperity Capital Management Ltd Moscow office Denis Spirin, Director of Financial Department of “Sintez Group” LLC Andrey Tihonov.

CJSC "PriceWaterhouseCoopers" Moscow was approved as a Company’s auditor for year 2008.
Participants also elected Revision Commission, and voted for the introduction of changes and additional points into Charter of the Company and confirmed the edited version of the Regulation of reward and compensation payments to members of the Board and Revision Commission.