Report on voting results at OAO RAO “UES of Russia” annual general shareholders meeting

Russian open joint-stock energy and electrification company “UES of Russia”

Company location: 119526, Moscow, Vernadskogo Pr., 101, building 3.

Type of general meeting – annual.
Form– meeting.

Date of general meeting– June 29, 2005

Meeting location – Russia, Moscow, Zelenograd, Centralnaya Sq., 1.

General shareholders meeting agenda:

1. Approval of OAO RAO “UES of Russia” annual report for 2004, annual accounting report, including profit and loss report, and distribution of profits and losses during fiscal year.

2. On dividends payment.

3. On alterations and amendments to OAO RAO “UES of Russia” Charter.

4. Approval of alterations and amendments to OAO RAO “UES of Russia” internal documents, regulating Company activities.

5. Approval of OAO RAO “UES of Russia” auditor.

6. Election of OAO RAO “UES of Russia” Board of directors’ members.

7. Election of OAO RAO “UES of Russia” Auditing commission’s members

Agenda item N	Number of votes disposed by people included in the list of persons with the right to participate in general meeting:	Number of votes disposed by people who took part in general meeting:
Items1,2,3,4,5,7	41 041 696 175	37 256 773 231 (Quorum for each item)
Item6	615 625 442 625  (cumulativevoting)	558 851 598 465 (Quorum for each item during cumulative voting)

Number of votes for each voting option and each item:

Item N	"For"			"against"				"abstained"
1	33406992680 (89,6669%)			151 358 104 (0,4063%)				738 643 491 (1,9826%)
2	34145552279 (91,6492%)			820 276 (0,0022%)				113 808 170 (0,3055%)
3	32923767653 (88,3699%)			41 071 634 (0,1102%)				1 251 888 154 (3,3602%)
4	33011632890 (88,6057%)			41 156 398 (0,1105%)				1 251 780 750 (3,3599%)
5	33637020911 (90,2843%)			643 425 (0,0017%)				592 119 186 (1,5893%)
ItemN	¹	Candidate Name	Number of votes		¹	Candidate Name		Number of votes
6	1	Voloshin A.S.	39120165340		16	Beloborodov S. S.		12 062 827 447
	2	Chubais A.B.	38963150732		17	Bakatin D. V.		1 928 234 411
	3	Seleznev K. G.	36901044305		18	Hern D. A.		1 438 657 316
	4	Gref G. O.	35130574362		19	Scherbovich I.V.		529 096 829
	5	Khristenko V. B.	35130241829		20	Akimov A. I.		250 651 126
	6	Yuzhanov I. À.	35122690329		21	Slobodin M. Y.		150 825 512
	7	Pushkareva O.S.	35119361528		22	Abramov A. G.		75 042 600
	8	Medvedev U. M.	35112179984		23	Shadov V. M.		32 135 364
	9	Sharonov A. V.	35108336132		24	Razanov A. N.		31 443 791
	10	Oganesyan S. A.	35107471102		25	Deripaska O.V.		30 424 970
	11	Berezkin G. V.	34894250851		26	Matveev A.A.		25 201 642
	12	Rashevsky V. V.	34417670514		27	Zavadnikov V.G.		19 073 588
	13	Urinson Y. M.	34252476919		28	Popov S.V.		14 272 880
	14	Remes Y. S.	17363579586		29	Androsov K. G.		7 248 755
	15	Bugrov A.E.	16856818052		30	Usmanov A. B.		6 576 822
		Against all candidates	8 236 785				Abstained from all candidates voting	6 453 900
7	¹	Candidate Name	"For"				"against"	"abstained"
	1.	Bistrov M.S.	32148500973				6 177 312	1 105 301 895
	2.	Masnikov V.M.	32100798834				54 009 678	1 105 261 898
	3.	Rumyantsev S.Y.	32421715371				6 254 970	1 106 751 896
	4.	Samohina G.E.	32137600450				54 360 802	1 105 300 202
	5.	Tkachenko A.P.	30423462184				53 999 040	871 685 124

Resolutions of the general meeting:

On item 1: Approve of OAO RAO “UES of Russia” annual report for 2003, annual accounting report, including profit and loss report, and distribution of profits and losses during fiscal year.

On item 2: Approve of dividends payment in money terms: common shares 0,0559 rubles per 1 share; preference shares 0,2233 rubles per 1 share. Dividends should be paid out till December 1, 2005 ã.

On item 3: Introduce alterations and amendments to OAO RAO “UES of Russia” Charter

On item 4:  Introduce alterations and amendments to OAO RAO “UES of Russia” internal documents, regulating Company activities.

On item 5: Approve of ZAO “PriceWaterhouseCoopers Audit ” as OAO RAO “UES of Russia” auditor.

On item 6: Elect OAO RAO “UES of Russia” Board of directors: Voloshin A.S.; Chubais A.B.; Seleznev K. G.; Gref G. O.; Khristenko V. B.; Yuzhanov I. À.; Pushkareva O.S.; Medvedev U. M.; Sharonov A. V.; Oganesyan S. A.; Berezkin G. V.; Rashevsky V. V.; Urinson Y. M.; Remes Y. S.; Bugrov A.E.

On item 7: Elect OAO RAO “UES of Russia” Auditing Commission consisting of: Rumyantsev S.Y; Bistrov M.S.; Samohina G.E.; Masnikov V.M.; Tkachenko A.P.

Returning board functions were performed by the Registrar – ZAO "Registrar "Status"(Address: 109544, 1/64 Dobrovolcheskaya st, Moscow).

 Registrar’s authorized person –Nedelyskiy M.N. 

Shareholders meeting Chairman –Voloshin A.S.

Shareholders meeting Secretary –.Gabov A.V.