OREANDA-NEWS. July 10, 2012. Federal Grid Company of Unified Energy System (“Federal Grid Company” or "the Company”) (MICEX-RTS, LSE: FEES), announces that its Annual General Shareholders Meeting was held on Friday, 29 June 2012 in Moscow.

Each of the resolutions as laid out in the Notice of AGM of 29 May 2012 was voted on by way of combined absentee vote and poll. The results, certified by the Company’s registrar, CJSC Status, were as follows:

Resolution

For (%)

Against (%)

Total votes cast

Votes withheld

Approval of the Company’s Annual Report

99.784

0.002

1 116 038 994 573

1 778 043 719

Approval of the Company’s annual financial statements, including the income statement (profit and loss accounts)

99.784

0.002

1 116 038 994 573

1 780 456 925

Approval of the Company’s profit distribution based on 2011 results

99.776

0.009

1 116 038 994 573

1 788 924 039

On the amount, terms and forms of payment for 2011 dividends

99.698

0.012

1 116 038 994 573

1 787 518 291

On the payment of remuneration to non-State members of the Board of Directors (the Supervisory Board) in amounts set by the Company’s internal regulations

99.709

0.001

1 116 038 994 573

1 778 435 004

Election of members of the Company’s Board of Directors (the Supervisory Board)

 

Boris Ayuyev

9.142

0.143

12 276 428 940 304*

3 541 592 562*

Oleg Budargin

9.163

Boris Kovalchuk

9.142

Vyacheslav Kravchenko

9.141

Andrei Malyshev

9.141

Vladimir Rashevsky

9.744

Elena Titova

9.724

Denis Fedorov

3.996

Ernesto Ferlenghi

9.45

Rashid Sharipov

11.655

Ilya Sherbovich

9.411

Election of members of the Company’s Audit Commission (the Controller)

 

Anna Drokova

99.686

0.001

1 116 030 212 173

2 008 697 363

Andrei Colyada

99.686

0.001

2 007 403 787

Victor Lebedev

99.686

0.001

2 006 484 726

Vladimir Raspopov

99.686

0.001

2 007 499 592

Maria Tikhonova

99.686

0.001

2 006 845 724

Approval of the Company’s Auditor

99.785

0.001

1 116 038 994 573

1 781 212 181

Approval of the Company’s revised Regulations On the Audit Commission

99.785

0.001

1 116 038 994 573

1 780 019 343

Approval of the revised Regulations On Remuneration and Compensation for Members of the Company’s Board of Directors

99.699

0.01

1 116 038 994 573

1 794 334 879

Approval of related party transactions

88.224

0.008

1 116 030 212 173

2 590 928 668

*cumulative votes cast for all candidates

In addition to approving the Company’s annual report and annual financial statements, shareholders voted not to pay dividends for 2011 at the AGM. The AGM voted not to pay remuneration to the members of the Company’s Board of Directors for 2011 (in accordance with Regulations on Remuneration and Compensation for Members of Federal Grid Company’s Board of Directors).

Below are the members of the new Board of Directors following the AGM:

Name

Position(s) held (at the time of nomination)

Boris Ayuyev

Chairman of the Management Board, JSC SO UES

Oleg Budargin

Chairman of the Management Board, Federal Grid Company

Boris Kovalchuk

Chairman of the Management Board, JSC INTER RAO UES

Vyacheslav Kravchenko

General Director, LLC Rosneft-Energo

Andrei Malyshev

Deputy General Director, JSC ROSNANO

Vladimir Rashevsky

General Director, Chairman of the Management Board, JSC SUEK

Elena Titova

Managing Director, First Deputy Chairman of the Management Board,

LLC Morgan Stanley Bank

Denis Fedorov

General Director, JSC Centrenergoholding, General Director, LLC Gazprom energoholding

Ernesto Ferlenghi

Honorary Consul of Italy in Russia

Rashid Sharipov

Deputy General Director, LLC KFK-Consult

Ilya Sherbovich

President and Managing Partner, United Capital Partners

Revision Commission members following the AGM are:

Name

Position(s) held (at the time of nomination)

Anna Drokova

Deputy Department Head, Russian Federal Property Management Agency

Andrei Colyada

Department Head, Russian Federal Property Management Agency

Victor Lebedev

Deputy Department Director, Russian Ministry of Economic Development

Vladimir Raspopov

Deputy Division Head, Russian Federal Property Management Agency

Maria Tikhonova

Department Director, Russian Ministry of Energy

The meeting also reappointed LLC RSM Top-Audit as Federal Grid Company’s RAS auditor.

The Meeting approved revised Regulations on the Audit Commission, revised Regulations on Remuneration and Compensation for Members of the Company’s Board of Directors, and related party transactions.