Decision taken by the general meeting

Statement of a material fact

1. general data	
1.1. full company name of the issuer (name of the noncommercial organization )	Open Joint-Stock Company «Interregional Distribution Grid Company of Centre»
	
1.2. brief company name of the issuer	IDGC of Centre	
1.3. location of the issuer	129090, Moscow, Glukharev lane 4/2	
1.4. PSRN of the issuer 	1046900099498	
1.5. TIN of the issuer	6901067107	
1.6. Unique code assigned by the registration agency 	10214-А	
1.7. Internet website used by the issuer for the information disclosure 	http://www.mrsk-1.ru/.	

2. Contents of the statement	
2.1. Type of general meeting (annual, extraordinary): extraordinary.
2.2. Form of carrying out the general meeting: correspondence voting (polling).
2.3. Date and place of carrying out the general meeting: 27.03.2008, place of summarizing the voting: Moscow, Vernadskogo Avenue 101, bld. 3.
2.3. Quorum of the general meeting. Fifteen out of sixteen members of the Board of RAO UES of Russia took part in the voting; the quorum for decision-making on all items of the agenda is present.
2.4. The items put for voting, and results of voting on them: "Execution of powers of the extraordinary general meeting shareholders of IDGC of Centre, JSC, 100 % of the authorized capital of which belong to RAO UES of Russia. Results of voting on the item: The decision on the item was taken unanimously.
2.5. Wording of the decisions taken by the general meeting:
1.1. To approve a large transaction on attraction by IDGC of Centre of the credit resources for the sum of 1, 500, 000, 000 (one billion five hundred million) rubles, on the following essential terms:
Parties of the Transaction:
The Borrower - OJSC IDGC of Centre
Banks - Gazprombank (JSC)
               JSC JSCB Rosbank
               JSCB Absolutbank 
               JSC Commerzbank (Eurasia) 
               JSC Raiffeisenbank Austria 
               JSC Bank VTB
               JSC JSCB SvyazBank 
               Joint Stock Savings Bank of the Russian Federation
               JSC Bank of Moscow 
               JSB ORGRESBANK
               JSC Alpha Bank
The concluded large transaction (large transactions) is bilateral and may be concluded with any of the specified banks at observance of all the specified essential terms of the transaction.
More than one large transaction may also be concluded with any of the specified banks under the condition of observance of the total amount of the involved credit resources under all such transactions in the amount of no more than 1, 500, 000, 000 (one billion five hundred million) rubles, and also at observance of all the specified essential conditions.
Specific banks for conclusion of large transactions will be defined    according to the results of the held purchasing procedures (competitive negotiations) by the moment of acceptance by the general meeting of shareholders of IDGC of Centre of the decisions on approval of the corresponding large transaction (large transactions).
Subject of the transaction:
The bank grants a loan to the Borrower in the form of overdraft/ short-term crediting - the period of continuous debt up to 60 days under the system Bank-Dealing /Granting the Treasury Borrowing with a limited lumpsum debt within the limits of concluded transactions in the amount of:
- No more than 1, 500, 000, 000 (one billion five hundred million) rubles or 
- No more than 60, 500, 000 (sixty million five hundred thousand) dollars
Validity of the agreement is within 18 months, and the Borrower undertakes to return the received sum of money and to pay interest on it within the terms defined by the Contract of Crediting in the form of overdraft.
Term of continuous loan debt within the limits of the Contract may not exceed 60 (sixty) calendar days.
Credit purpose: replenishment of circulating assets (financing of industrial and economic activities).
According to the Contract, the Borrower pays interest at the fixed annual interest rate of no more than 10.5 (ten point five) for using the credit to Bank;
In case of attraction of credit resources in US dollars, the Borrower pays to Bank the interest at the fixed annual interest rate of no more than 8.0 % (eight);
The interest rate includes interest payments, all commission fees, consulting and other charges on attraction of financing.
The credit provided is uncovered.
Repayment of the loan debt is carried out by acceptance-free write-off of the money resources which were received on the Borrower’s accounts opened in the Creditor's bank.

2.1. To approve a large transaction on attraction by IDGC of Centre of the credit resources for the sum of 6, 000, 000, 000 (six billion) rubles, on the following essential terms: 
Parties of the Transaction:
The Borrower - OJSC IDGC of Centre
Banks - Gazprombank (JSC)
               JSC JSCB Rosbank
               JSCB Absolutbank 
               JSC Commerzbank (Eurasia) 
               JSC Raiffeisenbank Austria 
               JSC Bank VTB
               JSC JSCB SvyazBank 
               Joint Stock Savings Bank of the Russian Federation
               JSC Bank of Moscow 
               JSB ORGRESBANK
               JSC Alpha Bank
The concluded large transaction (large transactions) is bilateral and may be concluded with any of the specified banks at observance of all the specified essential terms of the transaction.
More than one large transaction may also be concluded with any of the specified banks under the condition of observance of the total amount of the involved credit resources under all such transactions in the amount of no more than 6, 000, 000, 000 (six billion) rubles, and also at observance of all the specified essential conditions.
Specific banks for conclusion of large transactions will be defined according to the results of the held purchasing procedures (competitive negotiations) by the moment of acceptance by the general meeting of shareholders of IDGC of Centre of the decisions on approval of the corresponding large transaction (large transactions).
Subject of the transaction:
The bank grants a loan to the Borrower in the form of the revolving credit line with a limited lumpsum debt within the limits of concluded transactions in the amount of:
- No more than 6, 000, 000, 000 (six billion) rubles or 
- No more than 242, 000, 000 (two hundred and forty two million) dollars
for the term of up to 18 months, and the Borrower undertakes to return the received sum of money and to pay the interest on it on the terms defined by the Contract for Opening the Credit Line.
Money resources within the limits of the credit line (further - "credit") are given in the form of tranches, thus the sum of lumpsum (current) debt of the Borrower to the Bank may not exceed the amount of the limit established by the Contract for Opening the credit line.
Term of using each tranche is from 60 days to 365 days.
Credit purpose: replenishment of circulating assets (financing of industrial and economic activities).
According to the Contract, the Borrower pays interest at the fixed interest rate to Bank for using the credit, in the amount of no more than:
-	No more than at the annual rate of 11 (eleven) percent, at duration of the credit up to 181 days
-	No more than at the annual rate of 11.5 (eleven point five) percent, at duration of the credit up to 366 days
In case of attraction of credit resources in US dollars, the Borrower pays to Bank the interest at the fixed annual interest rate of no more than:
-	No more than at the annual rate of 8.5 (eight point five) percent, at duration of the credit up to 181 days
-	No more than at the annual rate of 9 (nine) percent, at duration of the credit up to 365 days
In case of attraction of credit resources in US dollars, the foreign currency risk hedging is obligatory. The cost of the foreign currency risk hedging may not exceed 1%.
The interest rate includes interest payments, all commission fees, consulting and other charges on attraction of financing.
The credit provided is uncovered.
During the crediting procedures, the Borrower undertakes to provide, starting with a month following after the month when there was the first use of the credit within the limits of the Contract, the receipt of proceeds on the accounts opened in a bank at the rate proportional to the share of credits of the Bank in a total credit portfolio of the Borrower as of the 1st day of the previous calendar month.
The borrower may return ahead of schedule, in full or in part, the credit resources and to pay the added interest for an actual term of their use in coordination with the Bank, thus the Borrower notifies the Bank on the preschedule repayment not later than 5 (five) calendar days prior to the date of the planned preschedule repayment.

3.1. To approve a large transaction on attraction by IDGC of Centre of the credit resources for the sum of 3, 000, 000, 000 (three billion) rubles, on the following essential terms: 
Parties of the Transaction:
The Borrower - OJSC IDGC of Centre
Banks -   Gazprombank (JSC)
               JSC JSCB Rosbank
               JSCB Absolutbank 
               JSC Commerzbank (Eurasia) 
               JSC Raiffeisenbank Austria 
               JSC Bank VTB
               JSC JSCB SvyazBank 
               Joint Stock Savings Bank of the Russian Federation
               JSC Bank of Moscow 
               JSB ORGRESBANK
               JSC Alpha Bank
The concluded large transaction (large transactions) is bilateral and may be concluded with any of the specified banks at observance of all the specified essential terms of the transaction.
More than one large transaction may also be concluded with any of the specified banks under the condition of observance of the total amount of the involved credit resources under all such transactions in the amount of no more than 3, 000, 000, 000 (three billion) rubles, and also at observance of all the specified essential conditions.
Specific banks for conclusion of large transactions will be defined according to the results of the held purchasing procedures (competitive negotiations) by the moment of acceptance by the general meeting of shareholders of IDGC of Centre of the decisions on approval of the corresponding large transaction (large transactions).
Subject of the transaction:
The bank grants a loan to the Borrower in the form of the revolving credit line with a limited lumpsum debt within the limits of concluded transactions in the amount of:
- No more than 3, 000, 000, 000 (three billion) rubles or 
- No more than 122, 000, 000 (one hundred and twenty two million) dollars
for the term from 366 days to 1,826 days (from 1 to 5 years), and the Borrower undertakes to return the received sum of money and to pay the interest on it on the terms defined by the Contract for Opening the Credit Line.
Money resources within the limits of the credit line (further - "credit") are given in the form of tranches, thus the sum of lumpsum (current) debt of the Borrower to the Bank may not exceed the amount of the limit established by the Contract for Opening the credit line.
Term of using each tranche is from 366 days to 1,826 days (from 1 to 5 years).
Credit purpose: replenishment of circulating assets (financing of industrial and economic activities).
According to the Contract, the Borrower pays interest at the fixed interest rate to Bank for using the credit, in the amount of no more than no more than at the annual rate of 12.5 (twelve point five) percent provided the money was attracted in the Russian rubles.

In case of attraction of credit resources in US dollars, the Borrower pays to Bank the interest at the fixed annual interest rate of no more than at the annual rate of 10.5 (ten point five) percent.
In case of attraction of credit resources in US dollars, the foreign currency risk hedging is obligatory. The cost of the foreign currency risk hedging may not exceed 1%.
The interest rate includes interest payments, all commission fees, consulting and other charges on attraction of financing.
The credit provided is uncovered.
During the crediting procedures, the Borrower undertakes to provide, starting with a month following after the month when there was the first use of the credit within the limits of the Contract, the receipt of proceeds on the accounts opened in a bank at the rate proportional to the share of credits of the Bank in a total credit portfolio of the Borrower as of the 1st day of the previous calendar month.
The borrower may return ahead of schedule, in full or in part, the credit resources and to pay the added interest for an actual term of their use in coordination with the Bank, thus the Borrower notifies the Bank on the preschedule repayment not later than 5 (five) calendar days prior to the date of the planned preschedule repayment.

1.4. The control over execution of item 1 of this decision shall be assigned to a member of the Board, Managing Director of RAO "UES of Russia" ("Networks" Business Unit) A.N. Rappoport.
2.6. Date of drawing up the Minutes of the general meeting: 27.03.2008.
	
3. signature	
3.1. General Director of IDGC of Centre			E.F. Makarov.	
	(signature)				

3.2. date	27		March	20	08		Stamp here