Perm. The questions of the Company’s reorganization were examined by the extraordinary meeting of the JSC ‘TGC-9’ shareholders, which was held on the 25th of October, 2007. The question of the contract’s approval, concerning the capacity provision to the wholesale market was also discussed during that meeting.

The shareholders of the JSC “Territorial Generating Company No. 9” approved the reorganization of the JSC “TGC-9” by affiliating the JSC “TGC-9 Holding Company”, which would be established as a result of the reorganization of the RAO “UES of Russia”. The procedure and conditions of the conversion of the JSC “TGC-9 Holding Company” shares to the JSC “TGC-9” shares were determined on that meeting. All the JSC “TGC-9 Holding Company” shares will be conversed into the JSC “TGC-9” shares, which were passed to the JSC “TGC-9” as a consequence of joining the JSC “TGC-9 Holding Company” into the purchased and/or repaid by the JSC “TGC-9” and/or into the additional JSC “TGC-9” shares (in case when the number of JSC “TGC-9” shares which were passed to the JSC “TGC-9” as a consequence of joining JSC “TGC-9 Holding Company” and purchased and/or repaid by the JSC “TGC-9” is not enough for the conversion of all the JSC “TGC-9 Holding Company” shares in compliance with the approved converting coefficient). The following factors of converting of shares were approved:

- 0,0148511789603174 of the “TGC-9 Holding Company” ordinary share converts into the one JSC “TGC-9”ordinary share with the nominal value of 0,003 (zero point zero zero three) rubles each;

- 0,0162166182139303 of the JSC “TGC-9 Holding Company” preference share converts into the one JSC “TGC-9” ordinary share with the nominal value of 0,003 (zero point zero zero three) rubles each.

There was made the decision of definition of quantity, nominal value, categories (type) of the declared shares of the JSC “TGC-9” and the rights provided with these shares. JSC “TGC-9” has the right to float 12 838 362 519 (twelve billion eight hundred thirty eight million three hundred sixty two thousand five hundred nineteen) ordinary nominal shares with the cost of 0,003 (zero point zero zero three) rubles each with the overall cost of 38 515 087 (thirty eight million five hundred fifteen thousand eighty seven) rubles 56 kopecks additionally to the earlier distributed ordinary nominal shares. The JSC “TGC-9” shareholders made the decision about the chartered capital increase while floating the additional 12 838 362 519 (twelve billion eight hundred thirty eight million three hundred sixty two thousand five hundred nineteen) ordinary nominal shares with the nominal value of 0,003 (zero point zero zero three) rubles each with the total value 38 515 087 (thirty eight million five hundred fifteen thousand eighty seven) rubles 56 kopecks. The floatation mode is the conversion of the ordinary and the preferred JSC “TGC-9 Holding Company” shares into the additional ordinary nominal JSC “TGC-9” shares. This will be realized according to the order provided with the decision about the JSC “TGC-9” reorganization by joining the JSC “TGC-9 Holding Company” and the Contract on joining JSC “TGC-9 Holding Company” to the JSC “TGC-9”.

The shareholders made changes in the JSC “TGC-9” Charter required for the reorganization.

The decision about the approval of the Contract on capacity provision to the wholesale market between JSC “TGC-9”, JSC “Financial arrangements centre” and the Non-profit partnership “Administrator of Trading system of the wholesale electric power market of the United electric power system”, which is the good bargain for the JSC “TGC-9” was not made on the Extraordinary shareholders meeting that took place on the 25th of October, 2007.