OREANDA-NEWS. May 14, 2012.
Recommendations on dividends
The Board of Directors recommended the AGSM approving the resolution on dividends on common shares. The amount is RUR 0.0028 per one common share, reported the press-centre of IDGC of Urals.

The dividends shall be paid in cash within 60 days since the resolution. 2011 profit distribution recommended to the AGSM is as follows:

  RUR thous.
Non-distributed profit (loss) of the reported period 2 548 050
To distribute to:         Reserve fund 127 403
                                   Enterprise development 2 175 842
                                   Dividends 244 805

CEO's reports
The Board of Directors also took into account CEO's reports on:

-     4Q 2011 and 2011 business plan and investment program completion;

-     Acquisition of grid facilities in 4Q 2011;

-     Approval of 2012-2017 investment program by the local authorities.

Approval of the lead managers

The BoD approved Troika Dialog, and VTB Capital, as the lead managers of the Company's commercial paper issue (period - 3 years, amount - RUR 3 bln).