Minutes of 05.12.2006 №26

MINUTES No. 26

OF THE BOARD OF DIRECTORS MEETING

 


Date and time of vote counting:                                                    December 5, 2006, 6.00 p.m.

                                                                                                (Moscow time)

Form of vote:                                                                              by questioning

Site of vote counting:                                                                  Moscow, Vernadskogo prospect, 8a

Number of elected members of the Board of Directors:                     11

Members of the Board of Directors present at meeting:                     V. B. Khristenko

                                                                                                 A. B. Chubais

                                                                                                 B. I. Ayuev 

                                                                                                 V. A. Zubakin

                                                                                                 D. V. Ponomarev

                                                                                                 A. N. Rappoport

                                                                                                 V. Yu. Sinyugin 

                                                                                                 Ya. M. Urinson

                                                                                                 R. Z. Khamitov

                                                                                                 Per-Christian Endsjo


In compliance with Federal Law on Joint-Stock Companies and the company's Articles of Association the quorum for conducting the Board of Directors' meeting is present.

 

AGENDA OF THE BOARD OF DIRECTORS MEETING:

 

1. Approval of the report on placement (additional issue) of the company's securities.

2. Recommendations to the General Shareholders' Meeting on the amount of interim dividend on shares based on the results of nine months of 2006 and the procedure of share dividend payout. 

3. Approval of the report on implementation of the company's business plan for nine months of 2006.

4. Issue of the company's promissory notes.

5. Issue of security of the company in respect of liabilities of CJSC Boguchansky Aluminum Smelter connected with raising a loan to finance construction of Boguchansky Aluminum Smelter.

6. Granting the company's guarantee for obligations of JSC Cascade of Nizhne-Cherekskiye HPPs connected with financial restructuring of joint-stock companies under control of JSC KEUK.

7. Approve the Reports on implementation of the company's Insurance Coverage Programme for the first three quarters of 2006.

8. Approval of insurance companies that JSC HydroOGK intends to conclude insurance contracts with in 2006 and 2007.

9. On determination of the company's (company's representatives) opinion regarding the issues in agendas of the Board of Directors' meetings and General Meetings of subsidiaries' and affiliates' shareholders.

 

RESULTS OF VOTING ON AGENDA:

 

Matter 1: Approval of the report on placement (additional issue) of the company's securities.


Decision:

Approve the report on placement (additional issue) of securities of Open Joint Stock Company Federal Hydro-Generating Company (Appendix 1).


Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 


Matter 2: Recommendations to the General Shareholders' Meeting on the amount of interim dividend on shares based on the results of nine months of 2006 and the procedure of share dividend payout.

 

Decision:

2.1. Recommend the General Shareholders' Meeting of the company to make the following decision:

Pay dividends on ordinary personal supplementary shares of the company on the basis of results for nine months of 2006 to the a mount of 0.005739431 rubles per share of the company in the monetary form within 60 days from the date of making a decision on dividend payout.

2.2. Specify the date of drawing up the list of individuals entitled to participate in the Extraordinary General Shareholders' Meeting of the company to consider the matter of intermediate dividend payout following the results of nine months of 2006 as December 5, 2006.

2.3. Specify the date of drawing up the list of individuals entitled to receive dividends following the results of nine months of 2006 as December 5, 2006.

 

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 3: Approval of the report on implementation of the company's business plan for nine months of 2006.


Decision:

Approve the report on implementation of the company's business plan for nine months of 2006 pursuant to Appendix 2.

 

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 4: Issue of the company's promissory notes.


Decision:

Approve issue of the company's ordinary non-interest bearing notes in the forth quarter of 2006 and the first quarter of 2007 to the total amount of 213,429,943.02 (two hundred and thirteen million, four hundred and twenty-nine thousand nine hundred and forty-three) rubles 2 kopecks with the redemption period "after sight but not before July 1, 2007", the first note holder - JSCB SHIELD-BANK (JSC).

 

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 5: Issue of security of the company in respect of liabilities of CJSC Boguchansky Aluminum Smelter connected with raising a loan to finance construction of Boguchansky Aluminum Smelter.

 

Decision:

5.1   Approve guarantee issued by JSC HydroOGK to secure a loan raised under the following essential terms:

 

Borrower

CJSC Boguchansky Aluminum Smelter

Mandated Lead Arrangers

ABN AMRO Bank N.V., Barclays Capital, CALYON and Sberbank
of Russia (all simultaneously or several or one of them)

Underwriters

ABN AMRO Bank N.V., Barclays Bank PLC, CALYON and Sberbank of Russia (all simultaneously or several or one of them)

Bookrunners

ABN AMRO Bank N.V., Barclays Capital, CALYON and Sberbank of Russia (all simultaneously or several or one of them)

Facility Agent

ABN AMRO Bank N.V, or Barclays, or CALYON, or Sberbank of Russia

Documentation Bank

ABN AMRO Bank N.V, or Barclays, or CALYON, or Sberbank of Russia

Creditors

bank syndicate organized by Mandated Lead Arrangers

The scope of obligations secured by this guarantee of JSC HydroOGK

50 per cent (fifty per cent) of the Borrower's liabilities under a loan agreement or any other agreements (contracts) concluded in connection with raising of a loan (including redemption of the principal loan, interest payment, non-recurrent loan arrangement fee and any other fees etc.)

Principal loan

up to 520,000,000 US dollars

Loan term

up to three years

Guarantee term

until the Borrower has completed its financial liabilities under a loan

Interest margin

1st year

0.80 per cent per annum

2nd year

0.825 per cent per annum

3rd year

0.85 per cent per annum

Rate of interest

LIBOR + Interest margin

Non-recurrent credit arrangement fee

0.9 per cent of the principal loan

Drawdown period

within 364 days from the date of signing the loan agreement

Commitment fee for loan granting (charged to an undrawn commitment)

within one month from the date of signing the loan agreement

0

within the 2nd and 3rd months

20 per cent of the interest margin

from the 4th to the 6th month

30 per cent of the interest margin

from the 7th month up to the end of the drawdown period

50 per cent of the interest margin

Right to early loan repayment

yes

Loan purpose

 to finance construction of Boguchansky Aluminum Smelter and Boguchansky HPP

Other conditions of the credit facility

In accordance with the terms and conditions of the loan agreement and other agreement (contract) concluded in connection with raising the loan

       


5.2. Taking into account the fact that guarantee is granted strictly in accordance with the terms and conditions of the co-operation agreement dated May 31, 2006 between JSC HydroOGK, JSC RAO UES of Russia, JSC RUSAL, RUSAL Limited and RUSAL Energy Limited dated including in accordance with preparation of a bank feasibility study to ensure funding of construction of Boguchansky Aluminum Smelter. Instruct the Chairman of the Management Board of JSC HydroOGK V. Yu. Sinyugin, to submit a coordinated bank feasibility study to ensure funding of construction of Boguchansky Aluminum Smelter not later than December 15, 2006 to JSC RAO UES of Russia (Corporate Finance and Budget Department attached to the Corporate Centre).


Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 6: Granting the company's guarantee for obligations of JSC Cascade of Nizhne-Cherekskiye HPPs connected with financial restructuring of joint-stock companies under control of JSC KEUK.


Decision:

6.1. In order to ensure financial restructuring of joint-stock companies under control JSC KEUK approve granting the company's guarantee for liabilities of JSC Nizhne-Chereksky HPPs to pay a debt to JSC OGK-2 (legal successor of JSC Stavropolskaya SDPP) to the amount of 95,455,499 (ninety-five million, four hundred and fifty-five thousand, four hundred and ninety-nine) rubles.

The term of guarantee - before the guaranteed obligations are fulfilled.

6.2. Revoke the decision of the Board of Directors of JSC HydroOGK dated May 23, 2006 (minutes No. 20) concerning the matter No. 7 in terms of granting (issue) the company's guarantee for liabilities of JSC Nizhne-Cherekskiy HPPs to pay a debt to JSC OGK-2 (legal successor of JSC Stavropolskaya SDPP) to the total amount of 95,455,499 (ninety-five million, four hundred and fifty-five thousand, four hundred and ninety-nine) rubles.

 

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 7: Approve the Reports on implementation of the company's Insurance Coverage Programme for the first three quarters of 2006.


Decision:

Approve the Reports on implementation of the company's Insurance Coverage Programme for the first three quarters of 2006 (Appendices 3, 4, 5).

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 8: Approval of insurance companies that JSC HydroOGK intends to conclude insurance contracts with in 2006 and 2007.


Decision:

Approve the following insurance companies that JSC HydroOGK intends to conclude insurance contracts with in 2006 and 2007.

No.

Type of insurance

Insurer

1

Property insurance against fire and other risks, acts of terrorism, motor vehicle and equipment insurance against damage, business interruption insurance

JCS ROSNO

2

Voluntary medical insurance and accident and illness insurance

JCS ROSNO

3

Public liability insurance of organisations operating dangerous industrial facilities

OJSIC Ingosstrakh

4

Public liability insurance of owners of hydro engineering facilities

OJSIC Ingosstrakh

5

Public liability insurance of transport means owners

JSC SOGAZ

6

Motor vehicle insurance

JSC SOGAZ

 

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

Matter 9: On determination of the company's (company's representatives) opinion regarding the issues in agendas of the Board of Directors' meetings and General Meetings of subsidiaries' and affiliates' shareholders.


Decision:

9.1. Take into consideration the adjusted values of the annual and quarterly key performance indicators (KPI) in JSC HydroOGC Holding (and in all subsidiaries and affiliates of JSC HydroOGC) for 2006 pursuant to Appendix 6.

9.1.1. To authorise representatives of the company in the Board of Directors of JSC Volzhskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Volzhskaya HPP for 2006 pursuant to Appendix 7 to the present decision.

9.1.2. To authorise representatives of the company in the Board of Directors of JSC Zhigulevskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Zhigulevskaya HPP for 2006 pursuant to Appendix 8 to the present decision.

9.1.3. To authorise representatives of the company in the Board of Directors of JSC Votkinskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Votkinskaya HPP for 2006 pursuant to Appendix 9 to the present decision.

9.1.4. To authorise representatives of the company in the Board of Directors of JSC Cascade of Verkhnevolzhskiye HPPs, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Cascade of Verkhnevolzhskiye HPPs for 2006 pursuant to Appendix 10 to the present decision.

9.1.5. To authorise representatives of the company in the Board of Directors of JSC Kamskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Kamskaya HPP for 2006 pursuant to Appendix 11 to the present decision.

9.1.6. To authorise representatives of the company in the Board of Directors of JSC Saratovskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Saratovskaya HPP for 2006 pursuant to Appendix 12 to the present decision.

9.1.7. To authorise representatives of the company in the Board of Directors of JSC Nizhegorodskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Nizhegorodskaya HPP for 2006 pursuant to Appendix 13 to the present decision.

9.1.8. To authorise representatives of the company in the Board of Directors of JSC Sulakenergo to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Sulakenergo for 2006 pursuant to Appendix 14 to the present decision.

9.1.9. To authorise representatives of the company in the Board of Directors of JSC Zelenchukskiye HPPs, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Zelenchukskiye HPPs for 2006 pursuant to Appendix 15 to the present decision.

9.1.10. To authorise representatives of the company in the Board of Directors of JSC Zeyskaya HPP, to vote FOR the following decision:

-to approve the updated values of annual key performance indicators (KPI) of JSC Zeyskaya HPP for 2006 pursuant to Appendix 16 to the present decision.

9.1.11. To authorise representatives of the company in the Board of Directors of JSC Neporozhniy SShHPP to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Neporozhniy SShHPP for 2006 pursuant to Appendix 17 to the present decision.

9.1.12. To authorise representatives of the company in the Board of Directors of JSC Bureyskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Bureyskaya HPP for 2006 pursuant to Appendix 18 to the present decision.

9.1.13. To authorise representatives of the company in the Board of Directors of JSC Cheboksarskaya HPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Cheboksarskaya HPP for 2006 pursuant to Appendix 19 to the present decision.

9.1.14. To authorise representatives of the company in the Board of Directors of JSC Zagorskaya PSHPP, to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Zagorskaya PSHPP for 2006 pursuant to Appendix 20 to the present decision.

9.1.15. To authorise representatives of the company in the Board of Directors of JSC Stavropol Electricity Generation Company to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Stavropol Electricity Generation Company for 2006 pursuant to Appendix 21 to the present decision.

9.1.16. To authorise representatives of the company in the Board of Directors of JSC Dagestan Regional Generation Company to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC Dagestan Regional Generation Company for 2006 pursuant to Appendix 22 to the present decision.

9.1.17. To authorise representatives of the company in the Board of Directors of JSC MC HydroOGK to vote FOR the following decision:

- to approve the updated values of annual key performance indicators (KPI) of JSC MC HydroOGK for 2006 pursuant to Appendix 23 to the present decision.


Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.


9.2.1. To authorise representatives of the company in the Board of Directors of JSC MC HydroOGK to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC MC HydroOGK for the second and third quarters of 2006 pursuant to Appendices 24, 25 to the present decision.   

9.2.2. To authorise representatives of the company in the Board of Directors of JSC Volzhskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Volzhskaya HPP for the second and third quarters of 2006 pursuant to Appendices 26, 27 to the present decision.        

9.2.3. To authorise representatives of the company in the Board of Directors of JSC Votkinskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Votkinskaya HPP for the second and third quarters of 2006 pursuant to Appendices 28, 29 to the present decision.        

9.2.4. To authorise representatives of the company in the Board of Directors of JSC Zhigulevskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Zhigulevskaya HPP for the second and third quarters of 2006 pursuant to Appendices 30, 31 to the present decision.         

9.2.5. To authorise representatives of the company in the Board of Directors of JSC Zagorskaya PSHPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Zagorskaya PSHPP for the second and third quarters of 2006 pursuant to Appendices 32, 33 to the present decision.        

9.2.6. To authorise representatives of the company in the Board of Directors of JSC Kamskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Kamskaya HPP for the second and third quarters of 2006 pursuant to Appendices 34, 35 to the present decision.        

9.2.7. To authorise representatives of the company in the Board of Directors of JSC Cascade of Verkhnevolzhskiye HPPs, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Cascade of Verkhnevolzhskiye HPPs for the second and third quarters of 2006 pursuant to Appendices 36, 37 to the present decision.  

9.2.8. To authorise representatives of the company in the Board of Directors of JSC Nizhegorodskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Nizhegorodskaya HPP for the second and third quarters of 2006 pursuant to Appendices 38, 39 to the present decision.         

9.2.9. To authorise representatives of the company in the Board of Directors of JSC Saratovskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Saratovskaya HPP for the second and third quarters of 2006 pursuant to Appendices 40, 41 to the present decision.        

9.2.10. To authorise representatives of the company in the Board of Directors of JSC Neporozhniy SShHPP to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Neporozhniy SShHPP for the second and third quarters of 2006 pursuant to Appendices 42, 43 to the present decision.

9.2.11. To authorise representatives of the company in the Board of Directors of JSC Cheboksarskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Cheboksarskaya HPP for the second and third quarters of 2006 pursuant to Appendices 44, 45 to the present decision.         

9.2.12. To authorise representatives of the company in the Board of Directors of JSC Stavropol Electricity Generation Company to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Stavropol Electricity Generation Company for the second and third quarters of 2006 pursuant to Appendices 46, 47 to the present decision.        

9.2.13. To authorise representatives of the company in the Board of Directors of JSC Zaramagskiye HPPs, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Zaramagskiye HPPs for the second and third quarters of 2006 pursuant to Appendices 48, 49 to the present decision.         

9.2.14. To authorise representatives of the company in the Board of Directors of JSC Zeyskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Zeyskaya HPP for the second and third quarters of 2006 pursuant to Appendices 50, 51 to the present decision.

9.2.15. To authorise representatives of the company in the Board of Directors of JSC Zelenchukskiye HPPs, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Zelenchukskiye HPPs for the second and third quarters of 2006 pursuant to Appendices 52, 53 to the present decision.

9.2.16. To authorise representatives of the company in the Board of Directors of JSC Boguchanskaya HPP, to vote FOR the following decisions:

9.2.16.1. Approve the reports on performance of the Insurance Coverage Programme of JSC Boguchanskaya HPP for the second and third quarters of 2006 pursuant to Appendices 54, 55 to the present decision.

9.2.16.2. Take note of a failure to fulfill the approved insurance coverage programme by General Director of JSC Boguchanskaya HPP in connection with the fact that there are no effective property insurance, voluntary medical insurance, accident and illness insurance agreements.

9.2.16.3. To authorise General Director of JSC Boguchanskaya HPP to conclude property insurance, voluntary medical insurance, accident and illness insurance agreements in the shortest possible time.

9.2.17. To authorise representatives of the company in the Board of Directors of JSC Bureyskaya HPP, to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Bureyskaya HPP for the second and third quarters of 2006 pursuant to Appendices 56, 57 to the present decision.        

9.2.18. To authorise representatives of the company in the Board of Directors of JSC Sulakenergo to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Sulakenergo for the second and third quarters of 2006 pursuant to Appendices 58, 59 to the present decision.   

9.2.19. To authorise representatives of the company in the Board of Directors of JSC Dagestan Regional Generation Company to vote FOR the following decision:

- to approve the reports on performance of the Insurance Coverage Programme of JSC Dagestan Regional Generation Company for the second and third quarters of 2006 pursuant to Appendices 60, 61 to the present decision.


Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.


9.3. To authorise representatives of the company in the Board of Directors of JSC Saratovskaya HPP, to vote FOR the following decisions:

9.3.1. To approve the Insurance Coverage Programme of JSC Saratovskaya HPP for 2006 as amended according to Appendix 62.

9.3.2. Total insurance premium under the Insurance Coverage Programme of JSC Saratovskaya HPP amounts to 32,122,746 (thirty-two million, one hundred and twenty-two thousand, seven hundred and forty-six) rubles.


Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

9.4. To authorise representatives of the company in the Board of Directors of JSC Votkinskaya HPP, to vote FOR the following decision:

9.4.1. To approve the Insurance Coverage Programme of JSC Votkinskaya HPP for 2006 as amended according to Appendix 63.

9.4.2. Total insurance premium under the Insurance Coverage Programme of JSC Votkinskaya HPP amounts to 35,782,397 (thirty-five million, seven hundred and eighty-two thousand, three hundred and ninety-seven) rubles.

 

Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

9.5. Instruct the company's representatives in the Boards of Directors of the following subsidiaries and affiliates to vote FOR the approval of insurance companies to conclude insurance contracts with in 2007 according to Appendix 64.


Voting results:

"For" - 10 (B. I. Ayuev, V. A. Zubakin, D. V. Ponomarev, A. N. Rappoport, V. Yu. Sinyugin, Ya. M. Urinson, R. Z. Khamitov, V. B. Khristenko, A. B. Chubais, P. Endsjo)

"Against" - 0

"Abstained" - 0

Decision made.

 

Questionnaires of the members of the Board of Directors are attached.

 

 

 

 

Chairman of the Board of Directors                                                           V. B. Khristenko

 

Secretary of the Board of Directors                                                           M. M. Davydov

Your application has been accepted. The answer will be prepared and sent within 20 calendar days. ok