OREANDA-NEWS. In accordance with requirements of the Russian Federation and with the goal of improving procurement activities, the Board of Directors of RUSNANO approved a new version of Regulations on Procurement by the Company. The main differences in the revised and preceding texts are the following:

method of developing the annual purchasing plan

inclusion of information on purchases on the government’s official site: www.zakupki.gov.ru/223

specification of auction as the means for procurement

addition of a rebidding option

Members of the Board of Directors heard information on the closing of two investment projects that had been approved earlier for financing but to which RUSNANO had not extended investment:

a technological center for 3D assembly and production of electronic nanomaterials and 3D items

metallization of textiles and films using magnetron sputtering

The projects were closed because their investment attractiveness had declined and because agreement had not been reached on conditions for financing.

During the meeting, the Board of Directors took under advisement information on the system of measures in place to ensure the company’s financial stability. It directed the Executive Board to prepare a medium-term financial plan of the company through 2015 for the board to consider and approve.

Management reported to the Board of Directors on decisions during the second half of 2012 to finance investment projects. These were projects whose investment size—from 300 million rubles to 1.3 billion rubles from RUSNANO—put their funding decisions within the competency of the Executive Board.

Members of the board also heard a report on progress in realizing one of the projects it had earlier approved, a project to manufacturer ultrastrength springs with technology for controlled formation of homogenous nanosubstructures in the material.

As provided in RUSNANO’s charter, the Board of Directors considered the appointment of Anatoly Chubais, CEO and chairman of the Executive Board, as member in the Board of Directors of Tri Alpha Energy, Inc. The board gave its consent to the concurrent appointments.