OREANDA-NEWS. On 06 March 2008 was announced, that an in absentia meeting of the Board of Directors took place. The Board considered shareholders’ proposals about the submission of issues to the agenda of the Annual General Shareholders’ Meeting of JSC OGK-5 and proposal of candidates to the management and control bodies of the Company.

 The Board of Directors made the resolution about inclusion of the following issues proposed by OGK-5’s shareholders into the agenda of the Annual General Shareholders’ Meeting: Ratification of the annual report of the Company. Ratification of the annual financial statements, including the profit and loss statement (profit and loss accounts) of the Company. Approval of the Company’s profit appropriation based on the results of 2007. Size, period and form for the payment of dividends based on the results of 2007. Election of members to the Board of Directors (supervisory council) of the Company. Election of members to the Internal Audit Commission (internal auditor) of the Company. Ratification of the Company’s auditor. Ratification of a new edition of the Articles of Association of JSC OGK-5.

 The following candidates were proposed to the Board of Directors of JSC OGK-5: Andrey Kozlov – Consultant, the Department for Property Management of Organisations in Commercial Sector, the Federal Property Management Agency; Sergey Zhuravlev – Head of the Department for Property Management of Organisations in Commercial Sector, the Federal Property Management Agency; Dmitry Akhanov – Head of the Federal Energy Agency (Rosenergo); Andrey Kobzev – Deputy Head of the Property Relations Legal Support Department in TEK Rosenergo; Maria Tikhonova – Deputy Head of the Property Relations Legal Support Department in TEK Rosenergo; Dominique Fache - General Director of ENEL S.p.A in Russia and CIS; Enrico Viale – ENEL’s Head of Operations for Russia; Carlo Tamburi – Head of ENEL’s International Division; Marco Piero Arcelli – Director of the Development Department of ENEL’s International Division; Claudio Zito – Director of the Planning and Control Department of ENEL’s International Division; Gabriele Frea – Director of Enel Investment Holding B.V.; Gerald Joseph Rohan – Independent Director, Founder/CEO of RGC; Stephane Maurice Zweguintsow – Head of the Representation of ENEL Produzione S.p.A.; Dmitry Ponomarev – Chairman of the Executive Board of NP ATS; Marcello Bruti – Head of the Integration Project - JSC OGK-5 ENEL Produzione S.p.A.; Giorgio Cimini – General Director of OOO ENEL-ESNenergo