Main principles of disclosure of information at Kubanenergo

Regularity and effectiveness

Accessibility of information

Fullness and accuracy of information disclosed

Observing a sensible balance between the openness of the Company and its commercial interests

The information policy at Kubanenergo is aimed at the fullest satisfaction of the requirements of shareholders, investor and other interested parties in accurate information about the Company and its activities, as well as providing free and easy access to this information.

The aims, principles, basic forms and order of disclosure of information by the Company are set in the Statement on information policy at Kubanenergo approved by the Board of Directors^*.

Disclosure of information on the Company’s activities is carried out in the main by placing it on the corporate website at www.kubanenergo.ru, in the news feed of the authorised information agency Interfax, publication in printed and electronic media, and by phone conferencing, briefings and meetings with shareholders and other interested.

Investor relations

In 2011 a position was created in the Department of Corporate Management and Investor Relations for a person to be responsible for executing the functions of interaction with investors. The aim was to organise meaningful interaction with investors and financial analysts. One of the key tasks for the Investor Relations officer in the first year was to provide potential investors with good quality information on the activities of the Company and to get feedback from them. Constant communication with investment communities showed that in 2011 the main interest of investors was shown in the results of Kubanenergo’s operational activities and intermediate results of introducing a new method for regulating tariffs on electricity transmission services (Regulatory Asset Base), which provides return on investment capital and guarantees an income from invested resources. The Company provided full answers and commentaries to all questions from investors and analysts.

For the convenience of potential investors and analysts a special Investor Centre (For shareholders and investors/Investor Centre) has been set up on the Kubanenergo website. This site already hosts the Investor Relations calendar and announcements of key events for investors, quarterly information bulletins about the Company, and presentations from management about the results of activities.

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   The Statement on information policy at Kubanenergo can be found at www.kubanenergo.ru in About the company/Constituent and in house documents.