General Shareholder Meeting

The supreme management body of IDGC of Urals, OAO is General Shareholder Meeting. The procedure for GSM convention and arrangement is stipulated by the Charter and the Regulations on the Procedure for AGSM Convention and Arrangement. Our regular AGSM held on June 14, 2012 (protocol #4), adopted resolutions on the approval of the Company’s annual report, annual accounting statements (including profit and loss statement), 2011 profit distribution, approval of the Regulations on the Procedure for BoD Convention and Arrangement in a new version, election of the BoD and AC members as well as approval of the Company’s auditor1. On August 29, 2012 we arranged an Extraordinary Shareholder Meeting (Protocol #5) that elected a new membership of the Board of Directors.

On August 29, 2012 we arranged an Extraordinary Shareholder Meeting that elected a new membership of the Board of Directors

1 The full version of the AGSM resolution can be found at Section “Corporate Governance” at http://www.mrsk-ural.ru/en/686