OREANDA-NEWS. On 24 June 2008 was announced, that the Annual General Shareholders Meeting of JSC Irkutskenergo took place in Irkutsk. Presence of shareholders equaled 90.92 %. According to the agenda:

-the following data were approved: the Annual Report, the Annual Accounting Balance, including the Profit And Loss Statement (profit and loss accounts), Distribution of the Company Profit following the results of the fiscal year. In particular:

In 2007 the consumers were supplied with 54,065 million kW of the electric power, 22,507 thousand Gcal of thermal power; the proceeds from sales of the Company (VAT excluded) in 2007 equaled 27,660 million rubles, net profit equaled 1,302 million rubles. For 12 months of 2007, the debt receivable decreased by 359.3 million rubles and equaled 2,646 million rubles as of 1 January 2008 (VAT included). In 2007 the volume of investments which grew by more than 25 % considerably increased and equaled 3.4 billion rubles. In 2007 work within the limits of motivation, training and improvement of the degree of the company employees’ continued. For 2007, 4,060 staff members were trained in different directions. Actually, expenses for training were 43,539 thousand rubles. The monthly average wages in 2007 equaled 23,320 rubles (in 2006 - 19,171 rubles). The quantity of incidents caused by mistakes of the personnel decreased from 22 in 2006 to 16 in 2007.

-The amounts, terms and form of payment of annual dividends which will equal 0.07552 rubles per one share were determined; the total amount of dividends to be 360 million rubles.

-The new structure of the JSC Irkutskenergo Board of Directors was elected which included 11 people:

1. Boris Petrovich Varnavsky, Director for Production of Energy and Capital Construction of EvroSibEnergo Ltd.

2. Mikhail Yurevich Kim, Director for Business Development of EvroSibEnergo Ltd.

3. Vladimir Alekseevich Kiryuhin, General Director of En + Development Ltd.

4. Vyacheslav Mikhailovich Kravchenko, Director of the Electric Power Industry Department of Minpromenergo (Ministry of Industry and Power) of Russia.

5. Mikhail Yurievich Kurbatov, Deputy Director of the Department of Minekonomrazvitiya (Ministry of Economy and Development) of Russia.

6. Yury Mitrofanovich Medvedev, Deputy Head of the Federal Agency for the Federal Property Management.

7. Sergey Alekseevich Mikhailov, Director of the State Power Policy Department of Minpromenergo (Ministry of Industry and Power) of Russia.

8. Alexander Nikolaevich Morozov, Sales Director of EvroSibEnergo Ltd.

9. Vyacheslav Alekseevich Solomin, Financial Director of EvroSibEnergo Ltd.

10. Vladimir Mikhailovich Shchadov, Deputy Head of Rosenergo (Russia's Federal Energy Agency).

11. Sergey Vladimirovich Emdin, General Director of EvroSibEnergo Ltd.

-New members of the Company Audit Committee were elected in the structure of 5 people:

1. Gankov Igor Vladimirovich, Chief of the Innovation Technologies Department of the Production and Technical Division of EvroSibEnergo Ltd.

2. Talalykina Elena Germanovna, Chief Accountant, Deputy Director of the Financial Department of EvroSibEnergo Ltd.

3. Tikhonova Maria Gennadevna, Deputy Chief of the Management Department of Rosenergo (Russia's Federal Energy Agency).

4. Travkova Irina Vladimirovna, the Chief of the Branch of the Accounts Division of the Financial Department of EvroSibEnergo Ltd.

5. Fomenko Tatyana Vladimirovna, Leading Expert of the Financial Department, Principle Expert of the Consolidated Reports Branch of the Financial Department of EvroSibEnergo Ltd.

-BDO YUNIKON was approved as the Company Auditor for 2008.