Minutes of 16.11.2008 №64

MINUTES No. 64

OF THE BOARD OF DIRECTORS MEETING


Date and time of vote counting:                                         October 16, 2008, 6:00 p.m.

                                                                                     (Moscow time)

Site of vote counting:                                                       Mosсow, Arkhitektora Vlasova Str., 51

Number of elected members of the Board of Directors           13

Members of the Board of Directors present at meeting:          V. Yu. Sinyugin 

                                                                                      D. S. Akhanov

                                                                                      B. I. Ayuev

                                                                                      S. Yu. Vyazalov

                                                                                      Yu. M. Medvedev

                                                                                      D. V. Ponomarev

                                                                                      A. N. Rappoport

                                                                                      Seppo Remes

                                                                                      Yu. A. Udaltsov

                                                                                      Ya. M. Urinson

                                                                                      R. Z. Khamitov

                                                                                      A. V. Sharonov


In compliance with the 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. Consideration of a shareholder's request to convene an Extraordinary General Shareholders' Meeting of the company.

2. Convening an Extraordinary General Shareholders' Meeting of the company.


RESULTS OF VOTING ON AGENDA:

 

Matter 1: Consideration of a shareholder's request to convene an Extraordinary General Shareholders' Meeting of the company.


Decision:

Satisfy the request of the Federal Agency for state-owned property management being a shareholder of JSC RusHydro (hereinafter referred to as the Company) holding more than 10 per cent of the company's voting shares to convene an Extraordinary General Shareholders' Meeting of the company.


Voting results:

"For" - 12 (V. Yu. Sinyugin, D. S. Akhanov, B. I. Ayuev, S. Yu. Vyazalov, Yu. M. Medvedev, D. V. Ponomarev, A. N. Rappoport, Seppo Remes, Yu. A. Udaltsov, Yu. M. Urinson, R. Z. Khamitov, A. V. Sharonov)

"Against" - 0

"Abstained" - 0

Decision made.

 

 

 

Matter 2: Convening an Extraordinary General Shareholders' Meeting of the company.


Decision:

2.1. Convene an Extraordinary General Shareholders' Meeting of JSC HydroOGK (hereinafter referred to as the company) in the form of a meeting (joint attendance).

2.2. Specify the date of running the meeting as December 27, 2008.

2.3. Specify the time of running the meeting as 1:00 p.m. (Moscow time).

2.4. Specify the time of beginning of registration for people participating in the meeting as 11:00 a.m. (Moscow time).

2.5. Specify the place of running of the meeting as the Russian Federation, Moscow region, Naro-Fominsky district, Rogozino, Business Centre Imperial Park Hotel.

2.6. Specify the following agenda of the General Shareholder's Meeting:

- Early termination of powers of members of the company's Board of Directors; 

- Election of chairman of the company's Board of Directors.

2.7. Specify the date for compiling the list of individuals entitled to participate in the meeting as October 16, 2008.

2.8.1. Determine that the following documents represent the information (materials) provided to individuals entitled to participate in the meeting:

- information about the candidates for the Board of Directors;

- information about availability or non-availability of the written consent of the candidates nominated for election to the Board of Directors;

- draft decisions of the shareholders' meeting on the agenda matters.

2.8.2. Ensure that individual persons entitled to participate in the meeting may be acquainted with the above mentioned information (materials) at the place of running of the meeting (on the day of the meeting) as well as during the period from December 5, 2008 till December 27, 2008 (inclusive) from 10 a.m. till 6 p.m. (Moscow time) at the following addresses:

- Moscow, Arkhitektora Vlasova Str., 51, JSC Rushydro;

- Moscow, B. Pochtovaya Str., 34, bld. 8, JSC Central Moscow Depositary;

- at the Company's web-site: www.rushydro.ru.

2.9. Approve the form and text of the announcement on running the meeting (Appendix 1).

2.10. Publish the announcement on running of the meeting in Vedomosty newspaper and place it on the company's web-site www.rushydro.ru no later than October 17, 2008.

2.11.1. Determine that the voting ballots for the meeting agenda matters are sent by registered mail or handed against signature to each person included on the list of individuals entitled to participate in the meeting, no later than December 7, 2008.

2.11.2. Determine that the filled-in voting ballots can be sent to the following mail address:

- 105082 Moscow., B. Pochtovaya Str., 34, bld. 8, JSC Central Moscow Depositary.

2.11.3. Determine that when establishing a quorum and summing up the voting results, the votes submitted by the voting ballots, received at the address as per clause 2.11.2 of the present Decision no later than December 24, 2008.

2.12. Determine that the shareholders (shareholder) of JSC RusHydro, who in the aggregate own not less than two per cent of the Company's voting shares are entitled to nominate the candidates to the Company's Board of Directors

The above mentioned propositions shall be submitted before November 27, 2008 at following the address:

- 117393, Moscow, Arkhitektora Vlasova Str., 51, JSC Rushydro.

2.13. Run the Company's Board of Directors meeting to consider the shareholders' propositions for certain nominees to the company's Board of Directors as well as the matters related to the preparation of the meeting no later than December 2, 2008.

2.14. Elect Yulia Vsevolodovna Smirnova, head of the Corporate Management Department of JSC RusHydro to be secretary at the meeting.


Voting results:

"For" - 11 (V. Yu. Sinyugin, B. I. Ayuev, S. Yu. Vyazalov, Yu. M. Medvedev, D. V. Ponomarev, A. N. Rappoport, Seppo Remes, Yu. A. Udaltsov, Ya. M. Urinson, R. Z. Khamitov, A. V. Sharonov)

"Against" - 0

"Abstained" - 1 (D. S. Akhanov)

Decision made.


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





Chairman of the Board of Directors                                   V. Yu. Sinyugin


Secretary of the Board of Directors                                   M. M. Davydov

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