OREANDA-NEWS. On 24 June 2008 was announced, that the Board of Directors Meeting of the Open Joint Stock Company “The second Generation Company of the Wholesale Electricity Market” was held. The following decisions were made at the Board of Directors Meeting of the Company:

QUESTION № 1: About the early termination of the Board members’ authorities.

The decision was made:

1. To terminate early the authorities of the following Board members of the Company:

1.1. Kuzichev, Mikhail Vasilyevich;

1.2. Sidorov, Andrey Aleksandrovich;

1.3. Zapryagaeva, Nina Lipatovna;

1.4. Chegodaev, Anatoliy Vasilevich;

1.5. Parshev, Sergey Fyodorovich;

1.6. Ilenko, Dmitriy Andreevich;

1.7. Rovnyh, Evgeniy Aleksandrovich.

QUESTION № 2: About the introduction of amendments to the terms of Agreement with the Company Registrar.

The decision was made:

Introduce the amendments to the terms of Agreement for maintenance and keeping of the registered equity securities holders register concluded between the Company and OJSC CMD”, in accordance with the Additional Agreement № 2 to the Agreement № CMD/EPGC2-№1 d/d March 22, 2005.