IR Releases

20.06.2013

On 20 June 2013 annual General meeting of shareholders of JSC Lenenergo on which five issues were considered took place

On 20 June 2013 annual General meeting of shareholders of JSC Lenenergo on which five issues were considered took place:

1. About approval of the annual report, the annual accounting reporting of the Company, and about distribution of profit (including payment of dividends) and losses of the Company by results of 2012 fiscal year;

2. About election of the Board of Directors of the Company;

3. About election of members of the Audit commission of the Company;

4. About approval of the auditor of the Company;

5. About increase in the authorized capital of the Company by placement of additional shares.

Decisions approved by the General meeting of shareholders

ISSUE # 1: About approval of the annual report, the annual accounting reporting of the Company, and about distribution of profit (including payment of dividends) and losses of the Company by results of 2012 fiscal year

DECISION:

1. To approve the annual report of the company for 2012, the annual accounting reporting for 2012, including the Company profit and loss statement.

2. To approve the following distribution of profit of the Company for 2012 fiscal year:

(RUB thousand)

Retained profit of the reporting period:

1,234,328

To distribute on:

Reserve fund

31,356

Profit on development

894,389

Dividends

308,583

Redemption of losses of past years

0

3. To pay dividends on the Company ordinary shares following the results of 2012 at a rate of RUB 0.163119 per one ordinary share in a monetary form within 60 days from the date of decision making on their payment.

4. To pay dividends on the Company preferred shares following the results of 2012 at a rate of RUB 1.3234735039 per one preferred share in a monetary form within 60 days from the date of making decision on their payment.

ISSUE # 2: About election of the Board of Directors of the Company

DECISION:

To elect the Board of Directors of the Company as follows:

#

fULL NAME OF THE CANDIDATE

Position of the candidate (at the moment of nomination)

1.

Dmitry Borisovich Sinkin

First Deputy Chairman of the Committee on power and engineering support of the Government of St. Petersburg

2.

Valery Valentinovich Ageev

Director General of the branch of JSC FGC UES – MES of North-West

3.

Dmitry Olegovich Akhrimenko

Deputy Head of Department of corporate governance and shareholders relations of JSC IDGC Holding

4.

Sergey Vyacheslavovich Vasilyev

Director of Department of electric power industry development of the Ministry of Power Industry of the Russian Federation

5.

Alexey Yuryevich Voronin

Deputy Head of Department on tariff-setting of JSC IDGC Holding

6.

Andrey Valentinovich Kazachenkov

Member of the Management Board, First Deputy Chairman of the Management Board of JSC FGC UES

7.

Valentin Mikhailovich Komarov

Head of Department of perspective development and grid connection of JSC IDGC Holding

8.

Andrey Valentinovich Sorochinskiy

Director General of JSC Lenenergo

9.

Sergey Yuryevich Lebedev

Director for economic forecasting - Head of Department of economic forecasting of JSC FGC UES

10.

Ruslan Raisovich Magadeev

Head of Department of operative and technological management of JSC IDGC Holding

11.

Natalya Aleksandrovna Umanets

Head of Department of legal support of JSC IDGC Holding

12.

Eugenia Evgenyevna Rozova

Deputy Chairman of the Committee on power and engineering support of the Government of St. Petersburg

13.

Ivan Aleksandrovich Boltenkov

First Vice-Chairman of the Committee on tariffs of St. Petersburg

ISSUE # 3: About election of members of the Audit commission of the Company

DECISION:

To elect the Audit commission of the company as follows:

#

Full name of the candidate and position (at the moment of nomination)

1.

Valery Evgenyevich Uskov

Head of Division of the Committee on power and engineering support of the Government of St. Petersburg

2.

Vladislav Vilorgovich Kozelskiy

Head of Management of the City Property Management Committee of St. Petersburg

3.

Elena Aleksandrovna Kabizskina

Deputy Head of Department of control and audit of JSC FGC UES

4.

Svetlana Anatolyevna Kim

Head of control of investments of Department of control and audits of JSC FGC UES

5.

Yury Veniaminovich Adler

Head of Division of standards and methodology of Department of corporate governance and shareholders relations of JSC IDGC Holding

ISSUE # 4: About approval of the auditor of the Company

DECISION:

To approve CJSC KPMG the Company’s auditor.

ISSUE # 5: About increase in the authorized capital of the Company by placement of additional shares.

DECISION:

1. To increase the authorized capital of JSC Lenenergo by placement of additional ordinary registered paperless shares in number of 926,876,304 (nine hundred twenty six million eight hundred seventy six thousand three hundred four) pieces, of par value 1 (one) ruble each for a total amount at par value of shares of 926,876,304 (nine hundred twenty six million eight hundred seventy six thousand three hundred four) rubles, on the following essential conditions:

1) placement method – an open subscription;

2) placement price (including to the persons included in the list of persons, having the pre-emptive right of acquisition of placed additional shares) of one additional share is 6 (six) rubles 06 (six) kopeks;

The price is defined on the basis of the average value of the prices of transactions with ordinary shares of JSC Lenenergo, made at JSC MICEX Stock Exchange during the period from 18.01.2013 to 19.04.2013;

3) the form of payment of additional shares – additional shares are paid by monetary funds in rubles of the Russian Federation in a non-cash form by their transfer to the settlement account of JSC Lenenergo, and by non-monetary funds (property) - shares of the joint-stock companies which are carrying out the primary economic activity in the sphere of distribution of electric power in the city of St. Petersburg and the Leningrad Region, objects of power network economy (personal, real estate), participating in power supply of subscribers of the city of St. Petersburg and the Leningrad Region, the property rights on which are confirmed.

For determination of market value of the property by which placed ordinary shares of JSC Lenenergo can be paid, the independent appraisers who have concluded the labor agreement with Limited Liability Company “Institute of problems of entrepreneurship” or Limited Liability Company “LAIR” should be involved.

2. To amend items 4.1 and 4.2 of Article 4 of the Charter of JSC Lenenergo regarding the size of the authorized capital, and also quantity of the placed and declared ordinary registered paperless shares of JSC Lenenergo following the results of their placement on the basis of the present decision on increase in the authorized capital of JSC Lenenergo and the registered report on results of additional issue of ordinary registered paperless shares of JSC Lenenergo.