OREANDA-NEWS. On 02 June 2008 was announced, that Dominique Fache as Chairman of the Board of Directors of the company made an opening speech followed by Anatoly Kopsov, recently appointed as new General Director of OGK-5, who then presented the company’s 2007 Annual Report.

The Annual General Shareholders’ Meeting of JSC OGK-5 adopted the resolution upon the election of the new Board of Directors of the Company with the following members:

Dmitry Akhanov, Head of Rosenergo;

Sergey Zhuravlev, Head of the Department for Property Management of Organizations in Commercial Sector, the Federal Property Management Agency;

Andrey Kozlov, Consultant, the Department for Property Management of Organisations in Commercial Sector, the Federal Property Management Agency;

Dmitry Ponomarev, Chairman of the Executive Board of OAO ATS;

Marco Piero Arcelli, Head of the Development Department of ENEL’s International Division;

Gabriele Frea, Head of Structured and International Finance of Enel.;

Gerald Joseph Rohan, International Business Consultant, CEO of RGC;

Dominique Fache, Country Manager and General Director of ENEL S.p.A in Russia and CIS;

Carlo Tamburi, Managing Director of ENEL’s International Division;

Claudio Zito, Head of the Planning and Control Department of ENEL’s International Division;

Enrico Viale, ENEL’s Chief Operating Officer for the Russian operations.

The Annual General Shareholders’ Meeting of JSC OGK-5 adopted the resolution to appoint the new Internal Audit Commission of the Company with the following members:

Oksana Burova, Head of the Group for Financial Statements, Accounting Methodology and Coordination under the Accounting Section of JSC OGK-5;

Alexei Chmyrev, Expert specialist, the Department for Property Management of Organizations in Commercial Sector, the Federal Property Management Agency;

Aleksander Shevchuk, Expert of the Association for Investor rights protection;

Francesco Marzullo, Senior manager of ENEL’s Internal Audit Department;

Carlo Villamagna Palasciano, Head of ENEL’s Department for Tax Policy;

The Annual General Shareholders’ Meeting of JSC OGK-5 ratified ZAO KPMG as the auditor of the Company.

The Annual General Shareholders’ Meeting of JSC OGK-5 approved the EPCM contract between JSC OGK-5 and the consortium of ENEL Produzione S.p.A. and ZAO Atomstroyexport for the construction of a 400-450MW CCGT unit at Nevinnomysskaya GRES, within the framework of the implementation of the Company’s investment programme.

The Annual General Shareholders’ Meeting of JSC OGK-5 adopted the resolution not to pay dividends upon the results of the 2007 financial year and allocate the profit to the financing of the Company’s investment programme.