2008 main events

 

Date	Event
January 9, 2008	By Order of the General Director of JSC “OGK-6” former Deputy Chief Engineer, Head of the Industrial Engineering Department S.A. Sizev was appointed as the Deputy General Director. A.I. Chekhoev who held this position before was dismissed in connection with taking another job.
January 14, 2008	The Federal Service for Financial Markets (FSFM) of Russia was given notice on placing an additional issue of securities in the amount of 531,497,444 ordinary shares in December 2007.
February 8, 2008	The principal issue shares of JSC “OGK-6” were transferred from Quotation List I to Quotation List B of CJSC MICEX Stock Exchange. This resolution was passed by the Directorate of the Stock Exchange on February 4, 2008.
February 20, 2008	The shares of JSC “OGK-6” included on Quotation List B of JSC RTS by resolution of the Deputy Chair of the RTS Board passed on February 15, 2008 were admitted for trading in this list.
April 8, 2008	The rating agency AK&M assigned JSC “OGK-6” the “A” level solvency rating according to the national scale with positive prospects.
April 9, 2008	2,125,864 bonds with a par value of 1,000 each were redeemed. This repurchasing took place due to passing a resolution on reorganization of the Company on November 9, 2007 which gave the holders the right to demand early redemption of the bonds. Together with the amount of the coupon yield of 73.4 million rubles a total of 2.2 billion rubles were spent on redeeming the bonds. 2,874,136 bonds remain in circulation.
April 24, 2008	JSC “OGK-6” paid the coupon yield on the second coupon of JSC “OGK-6” bonds in the amount of 37.65 rubles per bond at the annual rate of 7.55%. The total amount of payment on the second coupon was 108.2 million rubles.
April 17, 2008	The first pile was driven into the foundation of a new CCGT plant (PGU-800). The reinforced concrete construction with a cross section of 400x400 mm and a total length of 22m was driven into the ground at 20.2 m.
May 12, 2008	Yuri Andreev, former Director of the Cherepovetskaya GRES Branch was appointed as the Director of the Kirishskaya GRES Branch of JSC “OGK-6”. The former Director of the Plant Leonid Shesterikov retired due to expiration of his contract. Oleg Fomichev, former Director of the GRES-24 Branch of JSC “OGK-6” was appointed as the Director of Cherepovetskaya GRES. The Director of Ryazanskaya GRES Vladimir Vedrov was appointed as the Acting Director of GRES-24.
June 2, 2008	The first comprehensive testing of the Industrial and Technical Complex (ITC) Stantsiya in the unified power system of Russia took place at the JSC “OGK-6” Branch Kirishskaya GRES. The Complex makes it possible to render services necessary to ensure reliable functioning of the unified power system of Russia and maintain appropriate quality of electricity.
June 6, 2008	JSC “OGK-6” and Siemens AG signed a Memorandum of Understanding with regard to strategic cooperation. The companies expressed willingness to cooperate in the field of long-term maintenance of two SGT-5-4000F gas turbines with a capacity of 270 MW each for adding a combined cycle gas turbine (CCGT) to one of Kirishskaya GRES units which will increase its installed capacity from 300 to 800 MW.
June 11, 2008	An annual general meeting of “OGK-6” shareholders took place. A new Board of Directors consisting of 11 members was elected. 8 of them are representatives of JSC “GAZPROM” Group of Companies. Also the shareholders elected the members of the Audit Commission which consists of 3 members. The annual report, annual financial statements including profit and loss statement for 2007 as well as distribution of profit based on the results of 2007 financial year suggested by the Board of Directors were approved. It was resolved to pay dividends based on the results of Q1 of 2008 to the amount of 325 million rubles or 0.01007367 rubles per share. Taking into account the intermediate dividends based on the results of the 1st quarter and the first six months of 2007, the General Meeting decided not to pay dividends on ordinary shares based on the results of 2007. ZAO KPMG was approved as the Auditor of the Company.
June 11, 2008	The Board of Directors of JSC “OGK-6” passed a resolution on early termination of the General Director of JSC “OGK-6” - V.M. Sanko’s powers. A.A. Mityushov, General Director of Gazpromenergo LLC, was elected as the new General Director of. JSC “OGK-6”. Also the Board of Directors passed a resolution on early termination of powers of a member of the Management Board, Deputy General Director for Economy and Finance A.N. Selyakov.
July 1, 2008	JSC “OGK-6” completed reorganization resulting in the merger of JSC “OGK-6 Holding” spun off from JSC RAO “UES of Russia” with JSC “OGK-6”. As a result, the block of shares of JSC “OGK-6” held by JSC RAO “UES of Russia” was distributed among its shareholders. Also two technical additional issues of JSC “OGK-6” shares in the amount of 22,095,831 and 2,346,464 ordinary shares were placed.
July 1, 2008	Deutsche Bank Trust Company Americas launched a program of global depositary receipts (GDR) for JSC “OGK-6” shares. The program was launched according to Provision S and Rule 144A. Starting the GDR program was part of the final stage of reforming JSC RAO “UES of Russia” and was intended to support the rights of depositary receipts holders for RAO “UES of Russia” shares.
July 11, 2008	The Board of Directors elected JSC “OGK-6” Deputy General Director for Economy and Finance D.G. Gudkov as a member of the Management Board.
October 8, 2008	A Branch of JSC “OGK-6” GRES-24 was liquidated. The property of the branch was transferred to the branch of OGK-6 Ryazanskaya GRES.
October 23, 2008	JSC “OGK-6” paid the coupon yield on the third coupon of JSC “OGK-6” bonds to the amount of 37.65 rubles per JSC “OGK-6” bond at the annual rate of 7.55%. The total amount of payment on the third coupon was 108.2 million rubles.
November 11, 2008	International Rating Agency Standard & Poor's and the Center for Economic and Financial Research and Development carried out an annual joint study of the largest Russian public companies’ transparency index in 2008. JSC “OGK-6” showed the most significant rise in transparency level – over 15 points. The company’s index exceeded the average level for Russia and reached 61.9%. In Standard & Poor’s research, “OGK-6” rated 31st.
November 20, 2008	JSC “OGK-6” received a certificate of preparedness for work during the fall-winter period 2008-2009.