Information on Auditor
“Nexia Pacioli”, LLC (www.pacioli.ru) was approved as Auditor of “Kubanenergo”, JSC by the decision of annual General meeting of shareholders of the Company.

General data on Auditor

Full Company name	Limited Liability Company “Nexia Pacioli”
Short Company name	“Nexia Pacioli”, LLC
Location	2 Malaya Polyanka, Moscow, 119118
TIN	7729142599
PSRN	1027739428716
Telephone:	(495) 780-62-50, 785-94-76
Fax:	(495) 785-94-61
E-mail address:	audit@pacioli.ru
Data on license for audit activity performance:	Llicense ¹ Å000733 for audit activity performance issued on June 25, 2002 by Ministry of Finance of Russian Federation for the validity period till June 25, 2012
Data on Auditor as a member of self-regulatory entities of Auditors	Member of Non-profit partnership “Institution of Professional Auditors” (NP “IPAR”)
Data on Auditor as a member of boards, associations or other professional unions (entities):	Member of International Association of Nexia International Auditor Companies
Factors which may influence the independence of Auditor from “Kubanenergo”, JSC, including information on presence of material interests binding Auditor (Auditor’s officials) with the Company (the Company’s officials)	No factors which may influence the independence of Auditor from “Kubanenergo”, JSC, or material interests binding Auditor (Auditor’s officials) with the Company (the Company’s officials)

Procedure for nominating the candidacy of Auditor for approval of General meeting of shareholders
Federal Law “On Joint Stock Companies” stipulates that Auditor of the Company shall be approved by General meeting of shareholders. However the procedure for nominating the candidacy of Auditor is not formalized in legislation: terms and procedure for nominating the candidacy of Auditor for putting it on the list for voting on the issue on approval of Auditor of the Company are not specified. Owing to this the candidacy of Auditor for approval at General meeting of shareholders shall be determined by Board of Directors of the Company within the scope of deciding the issues of preparing and holding annual General meeting of shareholders. Auditor of the issuer shall perform check of financial and economic activity of the issuer according to the requirements of legislation of the Russian Federation on the basis of the contract for rendering audit services concluded with the former.
Procedure for setting the amount of remuneration paid to Auditor
Procedure for payment and amount of remuneration paid to audit companies and individual Auditors for carrying out of audit (including obligatory audit) and rendering of attendant services to Auditor shall be set by the terms of contracts for rendering audit services and shall not be made conditional on carrying out of any requirements of audited entities concerning the contents of reports drawn up on the basis of results of audit. The amount of payments for services of Auditor of the Issuer approved by General meeting of shareholders of the issuer for obligatory annual check and confirmation of annual financial reports of the issuer shall be set by the decision of Board of Directors.
On September 14, 2009 Board of Directors of “Kubanenergo”, JSC fixed the amount of payment for the services of Auditor of the Company - “Nexia Pacioli”, LLC, according to the contract for rendering audit services (period of checks – from January 01, 2009 to December 31, 2009) as equal to 1 321 600 rubles (Minutes No.78 dated September 17, 2009).
In 2009 no activities within the scope of special audit engagements have been carried out by Auditor.