02 December 2009

Results of the Company’s Board of Directors session

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

November 27, 2009 saw an extramural BoD meeting which, besides other issues, approved the following internal documents:

- Regulations on Remunerations and Compensations paid to the BoD Audit Committee members;

- Regulations on Remunerations and Compensations paid to the BoD Strategy and Development Committee members;

- Regulations on Remunerations and Compensations paid to the BoD Personnel and Remunerations Committee members;

- Regulations on Remunerations and Compensations paid to the BoD Reliability Committee members.

These Regulations stipulate the amount, terms and procedure of remunerations and compensations paid to BoD Committee members.

To review the Regulations, please, visit our corporate web-site at Section "Internal Documents ".

Download IR release (pdf, 65 kb) 

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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