OREANDA-NEWS. On 22 April 2008 was announced, that the Board of Directors of OGK-5 approved the agenda of the Annual General Shareholders’ Meeting.

The agenda includes the following issues:
Ratification of the Company’s Annual Report.
Ratification of the Annual Financial Statements including the Profit & Loss Statement (profit & loss accounts) of the Company.
Ratification of the Company’s profit appropriation upon the results of the year 2007.

Size, term and form of the dividends payment upon the results of 2007.

Election of the members of the Company’s Board of Directors (Supervisory Council).

Election of the members of the Company’s Internal Audit Commission (Internal Auditor).

Ratification of the Company’s Auditor.

Ratification of the new edition of the Articles of Association of JSC OGK-5.

Approval of the EPCM Contract for the construction of a 400-450-MW CCGT unit on the territory of Nevinnomysskaya GRES branch between JSC OGK-5 and the Consortium of Enel Produzione S.p.A. and ZAO Atomstroyexport, as a related-party transaction.

The Board of Directors also determined that the persons/entities entitled for participation in the AGSM can study the information (materials) to the AGSM during the period of May 08, 2008 – May 28, 2008, 10:00 a.m. – 5:00 p.m., at the following addresses:

Central Office of JSC OGK-5, Corporate Relations Department: 10A/2 4th Setunsky Proezd, Moscow, Russia;

OAO CMD: 34/8 Bolshaya Pochtovaya ul., Moscow, Russia;
Konakovskaya GRES branch of JSC OGK-5: 12 Promyshlennaya ul., Konakovo, Tver Oblast, Russia; - Nevinnomysskaya GRES branch of JSC OGK-5: 2 Energetikov ul., Nevinnomyssk, Stavropol Krai, Russia;
Reftinskaya GRES branch of JSC OGK-5: pos. Reftinsky, Asbest, Sverdlovsk Oblast, Russia;
Sredneuralskaya GRES branch of JSC OGK-5: 2 Lenina ul., Sredneuralsk, Sverdlovsk Oblast, Russia;

as well as on the corporate website of JSC OGK-5 (www.ogk-5.com) from May 16, 2008 until May 28, 2008.

Moreover, the Board of Directors recommended to the AGSM not to pay dividends on OGK-5’s ordinary shares upon the results of the 2007 financial year, and proposed to ratify ZAO KPMG the Company’s auditor.

We remind you that the Annual General Shareholders’ Meeting will take place on May 28, 2008. The date for the compilation of the list of the persons/entities entitled for participation in the Annual General Shareholders Meeting of OGK-5 is April 10, 2008.