OREANDA-NEWS. The Board of Directors session of OJSC OGK-5 took place by way of absentee voting.

The Board of Directors adopted the decision to call for an extraordinary convocation of the general shareholders’ meeting of OGK-5 OJSC on August 31, 2007. The general meeting shall consider early termination of the powers of the Board of Directors and election of a new Board of the Society.

The Board of Directors decided upon the date of the listing of persons authorized to participate in the extraordinary General Meeting that is June 18, 2007.

Furthermore, the Board elected Eldar V. Orudzhev, the Deputy Managing Director of Business Unit 1 OAO RAO UES of Russia, Chairman of the Board. Ilyas S. Zagretdinov, the Deputy Managing Director of Business Unit 1 of OAO RAO UES of Russia, was elected the Deputy Chairman of the Board of OGK-5 OJSC.