Management Profile - Committees of the Board of Directors

Pursuant to the Regulation on the Board of Directors of UES of Russia, three Committees have been established under the Board of Directors: Strategy and Reform Committee, Audit Committee, Appraisal Committee, and Remuneration Committee.

The Reform Committee was established pursuant to the decision of the Board of Directors of UES of Russia of 31 August 2001. Later on, the Committee was renamed as Strategy and Reform Committee. The Committee is engaged in the analysis of proposals and working out recommendations for the Board of Directors of UES of Russia on the matters relating to the development and implementation of the Holding
Company's strategy.

The Appraisal Committee for corporate asset evaluation in the process of reorganization was formed in April 2002. The Committee's task is to develop the procedure for determining the market value of assets and business of the Company, its SDCs, the newly established companies, and any other business entities taking part in transactions during the reform period, and to control the performance of such evaluation.

The Audit Committee was formed by the decision of the Board of Directors on 29 August 2003. The Audit Committee works under the Board of Directors and performs consulting and advisory functions. The Committee is to control the external auditors' activities, oversee the tender to select the external auditors for the Company, and analyze the Company's financial statements and accounting policies.

25 March 2005, Board of Directors had approved the setting up of Remuneration Committee of RAO "UES of Russia". In accordance with its status, the Committee serves a purely consulting purpose for the Board of Directors of RAO "UES of Russia". The main task of the Committees is to develop compensation and motivation criteria for the Board of Directors members, Management Board and Head of the Management Board.