Chelyabinsk Generating Company JSC held the annual general meeting on June 28, 2006. The shareholders approved of the company’s annual report, the accounting report, and agreed on the profit distribution for 2005. They also made amendments to the company’s Charter, elected the inspection committee and the Board of Directors (two state representatives, one representative of a minority shareholder, and eight representatives proffered by RAO UES of Russia).

The attendees decided to spend 128.592 million RUR of net profit on dividends (this covers the interim dividend for the first half of 2005), 12.837 million will be directed into the bankroll, 115,525 million should be spent on investments.

Since the dividends for the six months of 2005 came to .021752 RUR per ordinary as well as preference share, the shareholders declared the dividend of .01 RUR per preference share for 2005 and the dividend of .023608 RUR per ordinary as well as preference share for the first quarter of 2006, the company’s spokesperson said to UrBC representative.