OREANDA-NEWS. On 17 March 2008 was announced, that OJSC “TGC-9” shareholders terminated the authority of the former Board of Directors pre-term and elected a new composition of the Board of Directors and of the Auditing Committee of the Company, approved the Charter of the Company in new version, resolved to delegate powers of the sole executive body to the managing company.

 OJSC “TGC-9” shareholders made a decision to terminate the authority of the Board of Directors’ and the Auditing Committee’s members pre-term and elected new composition of these managing bodies.

13 members have been elected into the OJSC “TGC-9” Board of Directors.

Makarov Andrey Yurievich – Chief Executive Officer, OJSC “TGC-9”
Melnikov Dmitry Aleksandrovich – Executive Director of Business Unit ¹1, OJSC RAO “UES of Russia”
Slobodin Mikhail Yurievich – President, CJSC “IES”
Smelov Edward Yurievich – Chief Executive Officer, OJSC “TGC-5”
Bondal Natalya Valentinovna – Finance Department Manager, CJSC “IES”
Dormidontov Vadim Alfredovich – Senior Banker of European Bank of Reconstruction and Development
Glushchenko Alexey Dmitrievich – Senior Vice-President, Strategy Implementation Center Manager, CJSC “IES”
Batov Anatoliy Olegovich – Executive, OJSC “SO UES”
Fedotovsky Oleg Nikolaevich – Head of Ownership and Securities Department, CJSC “IES”
Zakrevsky Aleksey Valerievich – Vice-President on Financial Control, CJSC “IES”
Baitekov Vyacheslav Valerievich – Vice-President on investments, Manger of Investments and Business Development Department of Strategy Implementation Center, CJSC “IES”
Drozhzhin Sergey Vladimirovich – Senior Vice-President on Economics and Finance, CJSC “IES”
Bashirov Marat Faatovich – Senior Vice-President on Strategic Communications, CJSC “IES”

5 members have been elected into the Auditing Committee:

Kashpitar Irena Ivanovna – Head of Control-Audit Management of Internal Audit Department, CJSC “IES”
Kuzmina Olga Borisovna – Head of Operational Audit Division of Internal Audit Department, CJSC “IES”
Nedomets Sergey Nikolaevich – Head of Financial Audit Division of Internal Audit Department, CJSC “IES”
Shelkovoy Vitaliy Valerievich – Deputy Internal Audit Department Manager, CJSC “IES”
Tunyaev Anatoly Yurievich – Internal Audit Department Manager, CJSC “IES”

No resolution was made on the termination of the authority of the Company’s Auditor pre-term, since the majority (99.6%) of the OJSC “TGC-9” shareholders participating in the voting abstained.

OJSC “TGC-9” shareholders approved the Charter of the Company in new version. The necessity of altering the Charter of OJSC “TGC-9” is caused by the planned reorganization of the IES Holding’s business model. In particular, questions connected with day-to-day management were eliminated from the Board of Directors’ area of responsibility and delegated to the sole executive body of OJSC “TGC-9”. The new version of the Charter of the Company does not imply the existence of the Company’s Board in the management bodies structure of OJSC “TGC-9”.

 The new versions of Regulations on the Order of Preparation and Holding of General Shareholders’ Meeting and Regulations on the Order of Calling and Holding Board of Directors’ Meeting were also approved.

The Extraordinary General Meeting of OJSC “TGC-9” Shareholders made a resolution to delegate powers of the sole executive body to the managing company - Closed Joint-Stock Company “Integrated Energy Systems” since the specified contract comes into effect. This resolution is also connected with formation of a new business model of IES.