Moscow United Electric Grid Company

Answer: In accordance with paragraph 3 of item 42 of the Federal law “On Joint Stock Companies” No.208-FL as of December 26, 1995 the decision about the dividends payment in the amount of the dividend and the form of is payment by shares of each category (type) shall be taken by the General Shareholders Meting by the recommendation of the Board of Directors of the Company. The amount of dividends may be more than the amount recommended by the Board of Directors of the Company.

Answer: In accordance with paragraph 4 of article 42 of the Federal law “On Joint Stock Companies” No. 208-FL as of December 26, 1995 persons who possess the right to get dividends are the shareholders who possessed the shares for the date of compiling of the list of persons who has the right to take part in the General Shareholder meeting (for the date of the “register closing”), because the list is compiled on the basis of the Company’s shareholders register data. The date of compiling of the list of persons possessing the right to take part in the General Shareholders meeting is annually set up depending on the date of the decision taking concerning the carrying out of the General Shareholders meeting of OJSC “MOESK” which shall not be set earlier that the date of the decision taking on carrying out of the General shareholders meeting of OJSC “MOESK” and more than 50 (Fifty) days before the date of General Shareholders meeting carrying out except for the case determined by paragraph 14.9 of the Charter of OJSC “MOESK”.

Answer: No. According to paragraph 1 of article 42 of the Federal law “On Joint-Stock Companies” No. 208-FL as of December 26, 1995 the dividends shall be paid by money in cases determined by the charter of the company – or by any other property. The Charter of OJSC “MOESK” does not determine the other form of dividends payment which means that the payment of dividends by the Company can be carried out only by money means.

Answer: In accordance with paragraph 7.1. of article 7 of the Charter, OJSC “MOESK” is entitled by the results of the first quarter, half year, nine months and (or) the financial year to take the decision on dividends payment by the placed shares. The term of dividends payment shall be determined by the General Shareholders meeting of OJSC “MOSEK”, but can not be more than 60 (Sixty) days after the decision taking on their payment. 

Answer: The most frequent reason of the dividends non-payment is the failure to present information to the register of shareholders about the change of personal data (for example, place of residence, bank data). According to article 44 of the Federal law “On Joint Stock Companies” No. 208-FL as of December 26, 1995, the person registered in the shareholders register of the company is entitled to timely inform the shareholder register holder about the change of own data. If there is no information about the shares holder data change, company and registrar do not bear the responsibility for the losses occurred because of this.

That’s why due to the change of data the shareholder or the nominal holder, to get the dividends, shall present the new questionnaire of the registered person in CJSC “Registering Company “Status” (registrar of the Company). After the filling out of the questionnaire (is available at the internet site of the registrar, its address is http://www.rostatus.ru/). It is necessary to materially approve and give to the registrar personally or its transfer agent, which acts by the place of residence of the shareholder, or to send to the following address: 109544, City of Moscow, 1/64 Dobrovolcheskaya street.

Answer: Yes, by means of indicating of the results of your bank account to carry out the transfer. As a rule, the bank transfer is carried out by the lower payment than the postal one.

Answer: To make this, it is necessary to send the correspondent written application to OJSC “MOESK”, the address is: 115114, City of Moscow. 2nd Paveletskiy drive 3, building 2. Phone 981-89-58 – Irina Vladimirovna Babakina.

Answer: Par value of shares of OJSC “MOESK” accounts for 50 kopecks.

Answer: One can get the excerpt from the register of shareholders of OJSC “MOESK” if he/she applies to the registrar of OJSC “MOESK” – CJSC “Registering Company “STATUS”.

Address of the registrar: 109544, City of Moscow, 1/64 Dobrovolcheskaya street

Phone: (495) 974-83-47

E-mail address: info@rostatus.ru

To get information about the cost of the excerpt one can visit http://www.rostatus.ru/.

Answer: With the correspondent application it is necessary to apply to the registrar of OJSC “MOESK” or to Your Nominal holder.

Answer: In accordance with article 35, 36 “Basis of the Russian Federation legislation about the notariate” No. 4462-1 as of February 11, 1993, it is necessary to form the certificate for the right of inheritance. By the request of the notary officer, the registrar presents the notary officer the certificate on the presence of shares on account of the died person on the basis of which it gives the heir the Certificate on the inheritance right.

In accordance with paragraph 7.3.2. of the Regulation on carrying out of the shareholders register of the registered securities (approved by the Regulation of the Federal Financial Markets Service No. 27 as of October 2, 1997) for inclusion to the register of the note on the transition of the property rights for the securities as a result of inheritance to the registrar it is necessary to present the following documents:

The original or the notarially certified copy of the document approving the right of the authorized representative (shall be transited to the registrar);

The personal identification document

The original or the notarially certified copy of the document approving the right of the authorized representative (shall be transited to the registrar);

Certificates of the securities belonging to the previous owner together with the documentary form of the issue (shall be transited to the registrar).

In accordance with paragraph 7.1. of the Regulation on the opening of the personal account the physical person shall present the following documents

Questionnaire of the registered person;

Personal identification document;

If the interests of the shareholder are represented by other person, the notarially certified copy of the document approving the right of the authorized representative.

If as a result of the inheritance the shares are in the total share property of several heirs they shall be transited to the fractional shares. According to paragraph 2 of item 3 of article 25 of the Federal law “On Joint-Stock Companies” No. 208-FL as of December 26, 1995 the fractional share gives the shareholder the rights presented by the shares of the correspondent category (type) in the amount correspondent to the part of the total share it accounts a part of.

It is necessary to note that the division of shares into the additional fractional parts correspondently decreases their cost that’s why it is the justifiable to reach the agreement between the heirs on distribution of ordinary shares between them.

Answer: In Russia, beginning with 1999, the shares trade at the stock exchanges is carried out through the Internet. Almost all the transactions are carried out with the use of the remote assess trade terminals representing the social computer programs which provide the direct access to the stock exchanges in the real time mode from your personal computer from the house or office (as an example it is possible to speak about Alfa-direct, NetInvestor, Quik and others). 

To buy/sell the shares it is necessary to sign the agreement of broker service with the professional participant of the securities market - broker.

Applying to the broker service it is necessary to fill out the questionnaire of the client and the application for the complex service. One shall have the passport. It is necessary to note that the broker agreement shall be signed on the mutual basis. As a rule the service of the broker fluctuates within the limits of the tenths of the per cent of the transaction (the greater the operation is the less remuneration will be acquired by the broker), sometimes for the certain operations the fixed payment shall be set up.

Then, you will get the broker and the depositary account at the stock exchange. Some stock exchanges open the accounts for the remuneration.

To make the transaction you shall bring in the means to your account. Then it is necessary that the broker by your order applied for the acquisition of the some shares indicating the amount and prices. To buy/sell the shares you can by giving the order through the phone through the trader of the investment company or through the trade terminal in ones own house or office. If you could not come to the office earlier (there shall be your signature under it), you can sent the order by fax –the broker office will sent by your requirement the form of such a transaction.

After the completion of the transaction of the shares sale you can get the written report from your broker. The fact of your possession of shares will be reflected in the special register of the joint stock company where all the shareholders are indicated. Starting from the moment when your name is indicated in the shareholders register you are the owner of shares.

Money from the shares selling one can get in the cash of the broker (as a rule, the next working day) or by means of transaction to the bank account.

You can also buy or sell shares, not applying to the services of the broker, signing the securities purchase and sale agreement

If you are going to sell shares, than before the signing of the agreement it is necessary to get the excerpt from the register of shareholders to be sure in the right of ownership of the seller for the acquired shares.

We also advice to gather information about the future buyer of the securities for the compiling of the most complete representation about the activity.

The considerable conditions for the agreement of the purchase and sale of shares are the name and the amount of securities. If they are not mentioned in the text the agreement will be considered unfulfilled.

The agreement shall contain the name and the address of the issuer, type, par value and the amount of the transaction.

The transition of the securities as a rule shall be drawn by the statement of release and acceptance. The parties in it shall clearly indicate which shares are transited to the buyer to fulfill the shares purchase and sale agreement of shares, name and address of the issuer, the amount of shares, par value for one share and transaction price. 

In accordance with article 29 of the Federal law “On securities market” No. 39-FL as of April 22, 1996 the right for ordinary non-documented security shall be transited to the acquirer in case of account of rights for the securities in the system of register carrying out since the moment of introduction of the credit entry by the personal account of the acquirer.

So, to be the owner of the ordinary registered non-documented shares you need not only to sign the agreement of purchase and sale, but also to register the right for them at the register holder.

During the purchase and sale of shares together with the purchase and sell agreement they draw the transfer order where the notification on introduction to the shareholders register is indicated concerning the transition of the ownership rights for the securities. It shall be signed by the seller – registered person who transits the securities or its authorized representative.

The transfer order shall contain the data determined in paragraph 3.4.2. of the Regulation on the register carrying out of the holders of the registered securities (approved by the Regulation of the Federal Financial Markets Service No. 27 as of October 2, 1997).

We shall draw your attention to the fact that to buy the shares for the first time the buyer shall open the personal account in the register of the shareholders of the issuer. For this, it is necessary to come to the registering office and present:

Filled out questionnaire of the registered person;

Personal identification document or the notarially certified certificate of the buyers’ certificate for completion of the mentioned activities.

On the basis of the information determined in the questionnaire the registrar opens the account in the register of the issuer mentioned by the issuer. In it, further, the shares will be considered.

The notification on transition of the property right to the shares during the purchase and sale transactions shall be introduced by the registrar to the shareholder register resented to it:

Transfer order;

Personal identification document;

Original or the notarially registered copy of the document approving the right of the authorized representative;

Written consent of the participants of the share ownership (in case of the share ownership for the securities).

Answer: Official market quotations of the shares of the Company shall be carried out in the printed press:

“Kommersant”

“Vedomosti”

“RBK Daily”

In the Internet by the addresses:

Stock exchange MICEX http://www.micex.ru/,

Stock exchange RTS http://www.rtsnet.ru/,

as well as at the corporate site of OJSC “MOESK” http://www.moesk.ru/.

Answer: We shall apply with the correspondent application to the registrar of OJSC “MOESK”- CJSC “Registering company “STATUS” or the Nominal holder of your securities

Contacts of the registrar:

Address: 109544, City of Moscow, 1/64 Dobrovolcheskaya street.

Internet address: http://www.rostatus.ru/.

Phone: (495) 978-83-47

Mail address: info@rostatus.ru

Answer: At the beginning we plan to gather information about the given company to compile the most complete opinion about the activity carried out by the company.

As a rule, the unfair participants of the securities market applied with the proposals concerning the selling of shares which use the illegally acquired information about the shareholders. The price the companies propose to sell shares is very often based on the market one. That’s why before the transaction making we recommend to get familiarized with the current market quotations of the shares of the Company which are carried out in the printed press

“Kommersant”

“Vedomosti”

“RBK Daily”

In the Internet by the addresses:

Stock exchange MICEX http://www.micex.ru/,

Stock exchange RTS http://www.rtsnet.ru/,

As well as at the corporate site of OJSC “MOESK” http://www.moesk.ru/.

Answer: The possibility to acquire the shares of OJSC “MOESK” by the par value is not determined by the Charter of OJSC “MOESK”.

Answer: In accordance with paragraph 2 of article 8 of the Federal law “On securities market” No. 39-FL as of May 22, 1996 nominal holder of the securities – person registered in the system of the register carrying being the deponent of the depositary not being the owner in relation to these securities.

The nominal holders of the securities can be professional participants of the securities market. Introduction of the name of the nominal holder of the securities to the system of the register introduction as well as the re-registration of the securities to the name of the nominal holder shall not entail the transition of the property right and/or any other right for the securities to the later .

Answer: In accordance with article 7 of the Federal law “On securities market” No. 39-FL as of May 22, 1996 the depositary is the professional participant of the securities market carrying out the services of storage of the securities certificates of the securities and/or the account and the transition of rights to the securities. The depositary for the obligations circulating at the Stock exchanges MICEX and RTS is the National depositary center.

The quarterly report of OJSC “MOESK” shall be published at the site of the Company (http://www.moesk.ru/) in section called “Investors and Shareholders”, and “Reporting information”.

OJSC “MOESK” discloses the financial statement for the reporting period in the quarterly reports of the issuer of the securities. In accordance with paragraph 5.7. of the Regulation on information disclosure by the securities issue (approved by the Order Federal Financial Markets Service of Russia No. 06-117/pz-n as of October 10, 2006) quarterly reports are to be transited to Federal Financial Markets Service of Russia not later than 45 days after the date of the reporting period end as well as publishing in the corporate site of the Company in the Internet.

In accordance with article 8.2.4. of the Regulation, the Company publishes the Annual report in the Internet not later than 2 days since the date of the minutes compiling of the General Shareholders meeting where the decision was taken to approve of the annual report of the Company.

Answer: To sign up to the e-news of OJSC “MOESK” is possible in the corporate site of the Company (http://www.moesk.ru/) in section “Press-Centre”

Answer: To order the copy of Russian and English version of the Annual report of OJSC “MOESK” for 2005, 2006, 2007 one can send the application to the following e-mail:

SvintsitskyDV@moesk.ru;