The regular meeting of the Board of Directors of JSC “Moscow United Electric Grid Company” was held in the form of joint presence and absentee voting on 9 June. The report on the results of compliance with the Business Plan of JSC “Moscow United Electric Grid Company” for 2009 and the report on the results of compliance with the Investment Program of JSC “Moscow United Electric Grid Company” for the 4th quarter 2009 and the year 2009 were considered within the framework of the meeting agenda.

Based on the results of 2009, the Company’s investment program* was performed in the amount of RUR 21 billion 696 million (101%). The Board of Directors noted the positive dynamics of work of JSC “MOESK” as regards of commissioning of power lines of all voltage levels (2,014 km at the target of 1,433 km) and transformer capacity (2,267 MVA at the target of 1,595 MVA).

The meeting also approved target values of annual and quarter key performance indicators (KPI) of JSC “Moscow United Electric Grid Company” for 2010.

The Board of Directors approved the Annual Comprehensive Program of Competitive and Regulated Non-competitive Purchases of JSC “Moscow United Electric Grid Company” for 2010 among other issues.

*The updated investment program of JSC “MOESK” was approved by the Company’s Board of Directors on 22.12.2009 in the amount of RUR 21 billion 454 million.