11 March 2010

Candidates to BoD and Audit Commission approved

Ekaterinburg (Ural Federal District, Russia) - ОАО "IDGC of Urals" (RTS and MICEX: MRKU) reports on the results of BoD session.

March 05, 2010 saw an extramural BoD meeting which reviewed a range of managing and corporate issues.

Review of shareholder proposals to introduce issues into the AGM's agenda and nominate candidates to management and control bodies

According to the Company's Charter, the procedure of candidate nomination to management and control bodies to be elected by AGM was finished. The Board of Directors reviewed proposals on BoD and Audit Commission candidate nomination submitted by the shareholders possessing no less than 2% of voting shares.

BoD's voting resulted in approval of the following list of BoD candidates to be elected on AGM in 2010:

Sergey Sergeevich EZIMOV, Portfolio adviser, subsidiary of OOO "Wermuth Asset Management GmbH"

Marina Aleksandrovna SHESTAKOVA, Portfolio adviser, subsidiary of OOO "Wermuth Asset Management GmbH"

Remes Seppo Uha, General Director at ООО "Kiuru"

Denis Viktorovich KULIKOV, Executive Director, Association for Investor Rights Protection

Aleksandr Viktorovich SHEVCHUK, Deputy Executive Director, Association for Investor Rights Protection

Sergey Vadimovich POKROVSKYI, Expert, Association for Investor Rights Protection

Konstantin Mikhailovich YUSHKOV, Director, ООО "Neon"

Mikhail Viktorovich AZOVTSEV, Head of M&A Department, ZАО "Integrated Energy Systems"

Aleksey Veniaminovich BELSKYI, Head of Corporate Secretary Directorate, ZАО "Integrated Energy Systems"

Dmitry Aleksandrovich VOLKOV, Head of a M&A Department project, ZАО "Integrated Energy Systems"

Aleksandr Nikolayevich CHISTYAKOV, CEO, ООО "Hermitage Construction and Management"

Aleksey Vladimirovich DEMIDOV, a Management Board member, Deputy General Director for Economics and Finance, ОАО "IDGC Holding"

Valery Nikolayevich RODIN, General Director, ОАО "IDGC of Urals"

Valery Mukhamedovich SHOGENOV, Deputy Department Director, Russian Ministry of Energy

Petr Mikhailovich EROKHIN, General Director, subsidiary of ОАО "SO UES" ODM of Urals

Sergey Vyacheslavovich VASILYEV, a Management Board member, Legal Affairs Director, ОАО "IDGC Holding"

Denis Dmitrievich PRESNUKHIN, Investment Director, ОАО "IDGC Holding"

Maksim Mikhailovich SAUKH, Deputy Head of Corporate Governance and Shareholder Relations Department, ОАО "IDGC Holding"

Konstantin Yuryevich PETUKHOV, Director for Service Development and Realization, OAO "IDGC Holding"

Pavel Vladimirovich ILYUSHIN, Deputy Department Head - Head of Repair and Equipment Exploitation Section of Exploitation, Maintenance and Repair Department, OAO "IDGC Holding"

Pavel Vladilenovich GOLUBEV, Head of Exploitation, Maintenance and Repair Department, OAO "IDGC Holding"

Aleksey Yuryevich PEREPELKIN, a Management Board member, Deputy General Director for Corporate Governance and Property, OAO "IDGC Holding"

The Board of Directors is a collegiate management body of the Company; it executes general management over the Company's activity, except for the issues being the competence of AGM according to federal legislation and the Charter. The BoD is annually elected by the AGM (number of members equaling 11) using cumulative voting.

The Board of Directors also approved the following candidates to the Company's Audit Commission:

Maksim Nikolayevich DANILOV, Head of Internal Audit Department, ZАО "Integrated Energy Systems"

Aleksandr Yuryevich BUDANOV, Deputy Head of Internal Audit Department, ZАО "Integrated Energy Systems"

Izumrud Aligadzhievna ALIMURADOVA, Head of Internal Audit Department, OAO "IDGC Holding"

Vladimir Nikolayevich ARKHIPOV, First Deputy Head of Security Department, OAO "IDGC Holding"

Lyudmila Dmitrievna KORMUSHKINA, Head of Audit Section at Internal Audit Department, OAO "IDGC Holding"

Irina Aleksandrovna PHILIPPOVA, Leading expert of Audit Section at Internal Audit Department, OAO "IDGC Holding"

Tatyana Aleksandrovna SELIVERSTOVA, Head of Equity Section at Corporate Governance and Shareholder Relations Department, OAO "IDGC Holding"

The Audit Commission executes control over financial and operating activities of the Company; it is elected (number of members equaling 5) by AGM in procedure stipulated in the current legislation and the Charter for 1 year.

Determination of a BoD session date when AGM issues will be reviewed

The Company's Board of Directors approved that BoD session whiсh will consider issues related to preparation to AGM (defining the date, time and place of AGM, AGM agenda, register date, etc.) will be held on May 07, 2010.

For the full version of the BoD protocol, please, visit Section "Corporate Governance". ­­

Download IR release (pdf, 110 kb)

_________________

ОАО "IDGC of Urals"(est. in February 2005) is the main service provider responsible for energy transportation and technological connection of consumers to electric networks in Sverdlovsk, Chelyabinsk and Perm regions.

Electric network reform process in the Urals came to an end in April, 2008, and since May 1, 2008 ОАО "IDGC of Urals" is a united operating company exercising control over 3 regional subsidiaries (Sverdlovenergo, Chelyabenergo and Permenergo) as well as 3 core-asset affiliated companies (ОАО "Ekaterinburg Electric Grid Company", ОАО "Kurganenergo", ОАО "Ekaterinburgenergosbyt").

As of 2008 the revenues from services totaled RUR 36.0 bln., net profit reached RUR 862.1 mln (under RAS). Overall energy supply in 2008 amounted to 86.3 bln. kWh, productive supply totaled 79.9 bln. kWh, energy losses reached 6.5 bln. kWh.

Common shares are traded on MICEX and in RTS in quotation lists "B". Free float is about 20%. In October, 2008 Consortium "RID-Expert RA" assigned us Corporate Governance rating at level "6".

For additional information on the Company, please, visit our corporate web-site at www.mrsk-ural.ru, as well as Complex Information Disclosure System (www.skin.ru), Interfax (www.interfax.ru), AKM (www.akm.ru).

IR Department

Tel./ Fax: (343) 215 26 58/ 215 25 84