Questions and answers. Dividends.

Question:

What are the Company's dividends as of 2010 financial year?

Answer:

According to the AGSM protocol, the resolution on the dividends looks as follows:

"...2. To approve the following profit (loss) distribution as of 2010 financial year:

3. To pay out dividends on common shares as of 2010 financial year equaling RUR 0.0028 per 1 common share in money form within 60 days since the resolution..."

Question:

Has IDGC of Urals, OAO paid 2008-2009 dividends? What is the amount of 2008-2009 dividend per share?

Answer:

According to AGM Protocol #1 dd. 25.06.2009 (excerpts from the protocol is available here: http://www.mrsk-ural.ru/content/files/IR%20AGM%20Protocols/AGMprotocoleng.pdf) the shareholders adopted the following resolution on the first agenda issue, stipulating profit distribution:

"...2. To approve the following profit (loss) distribution as of 2008 financial year:

3. Not to pay 2008 dividends on common shares..."

According to AGM Protocol #2 dd. 30.06.2010 (full version is available here: http://www.mrsk-ural.ru/content/files/IR%20AGM%20Protocols/AGMprotocol2eng.pdf) the shareholders adopted the following resolution on the second agenda issue:

"....1. To approve the following profit (loss) distribution as of 2009 financial year:

2. Not to pay 2009 dividends on common shares..."

Therefore, this means that, according to shareholder resolution, the Company has not paid 2008-2009 dividends. One portion of profit, according to shareholder resolution, was distributed to the reserve fund, the rest was distributed to enterprise development.

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