OREANDA-NEWS. Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company") (Moscow Exchange, LSE: FEES), part of the Russian Grids Group of companies and operator of Russia's Unified National Energy Grid ("UNEG"), announces the results of its Annual General Shareholders Meeting (AGM) held on Friday, 27 June 2014 in Moscow.

Each of the resolutions as laid out in the Notice of AGM of 27 May 2014 was voted on by way of combined absentee vote and poll. The results, certified by the Company's registrar, CJSC Status, were as follows:

Agenda item

For (%)

Against (%)

Abstained (%)

Total votes cast

Votes withheld

Approval of the Company's Annual Report and annual financial statements, including the income statement (profit and loss accounts) for the 2013 financial year

99.697%

0.18%

0.024%

1,177,413,230,077

1,163,066,041

Approval of distribution of the Company's profit (losses) for the 2013 financial year

99.842%

0.033%

0.026%

1,177,413,230,077

1,160,345,304

Approval of remuneration for members of the Board of Directors

99.534%

0.344%

0.024%

1,177,413,230,077

1,162,820,010

Election of members of the Company's Board of Directors (the Supervisory Board)

Oleg Budargin

8.678%

2.987%

0.344%

12,951,539,552,351*

68,146,912,527*

Maxim Bystrov

7.977%

Andrey Demin

7.986%

Denis Fedorov

8.468%

Boris Kovalchuk

7.986%

Vyacheslav Kravchenko

7.990%

Andrey Murov

7.998%

Georgiy Nozadze

7.985%

Oksana Shatokhina

7.125%

Sergey Shmatko

7.980%

Sergey Mironosetskiy

7.986%

Nikolay Shulginov

7.986%

Election of members of the Company's Audit Commission (the Controller)

Anna Drokova

99.827%

0.024%

0.048%

1,177,413,230,077

1,179,022,313

Alan Khadziev

99.827%

0.025%

0.048%

1,178,805,439

Marina Lelekova

99.827%

0.024%

0.048%

1,179,177,186

Vladimir Skobarev

99.827%

0.025%

0.048%

1,179,602,156

Nikolai Varlamov

99.827%

0.024%

0.048%

1,175,970,653

Approval of the Company's independent auditor

99.650%

0.179%

0.072%

1,177,413,230,077

1,165,714,969

Approval of a related party transaction for insurance covering the liability of members of the Board of Directors, members of the Management Board, the Chairman of the Management Board, the Deputy Chairmen of the Management Board and the Chief Accountant of Federal Grid Company

61.026%

0.118%

0.012%

156,054,184,685**

1,158,672,151

Payment of dividends for the first quarter of 2014

99.854%

0.024%

0.023%

1,177,413,230,077

1,158,281,078

cumulative votes cast for all candidates

** only shareholders who are non - interested parties are allowed to vote on this item

In addition to approving the Company's annual report and annual financial statements, shareholders voted not to pay dividends for the 2013 financial year at the AGM. The AGM voted not to pay remuneration to the members of the Company's Board of Directors for 2013 (in accordance with Regulations on Remuneration and Compensation for Members of Federal Grid Company's Board of Directors).

Below are the members of the new Board of Directors elected by the AGM:

Name

Position(s) held (at the time of nomination)

Oleg Budargin

Chairman of the Management Board of JSC Russian Grids, CEO of JSC Russian Grids

Maxim Bystrov

Chairman of the Management Board of JSC Trading System Administrator for the Wholesale Electricity Market

Andrey Demin

First Deputy CEO for Finance and Economics of JSC Russian Grids

Denis Fedorov

CEO of JSC Centrenergoholding, CEO of LLC Gazprom Energoholding

Boris Kovalchuk

Chairman of the Management Board of JSC Inter RAO UES

Vyacheslav Kravchenko

Chairman of the Management Board of the Nonprofit Partnership Market Council

Andrey Murov

Chairman of the Management Board of JSC FGC UES

Georgiy Nozadze

Senior Advisor to the Expert Council of the President of the Russian Federation

Sergey Shmatko

Member of the Commission under the President of the Russian Federation for Strategic Development of the Fuel and Energy Sector and Environmental Security

Nikolay Shulginov

First Deputy Director General of JSC SO UES

Sergey Mironosetskiy

Member of the Board of Directors of LLC Siberian Generating Company

A new Audit Commission (Controller) was also elected by the AGM:

1. Anna Drokova

2. Alan Khadziev

3. Marina Lelekova

4. Vladimir Skobarev

5. Nikolai Varlamov

The AGM appointed LLC RSM RUS as Federal Grid Company's auditor in accordance with Russian Federation regulatory requirements, and also approved related party transactions.

A dividend of RUB 436,803,164.51 (RUB 0.0003426806681 per ordinary share) for the first quarter of 2014 was approved by the AGM, and 16 July 2014 was set as the dividend record date.