In accordance with the Statement on the Management Board confirmed by decision of the annual general shareholders meeting of Kubanenergo (Protocol of 06.06.2008 №23) supplementary agreements to employment contracts have been concluded with members of the Management Board.

Remuneration to members of the Management Board at the current time is paid monthly in the amount equivalent to the minimal monthly tariff rate for a first class worker set by the sectoral tariff agreement in the electrical energy sector of the Russian Federation for 2009-2011, taking into account differentiation between the status of members of the Management Board (Chairman of the Management Board, Deputy Chairman and members of the Management Board).

The total remuneration paid to members of the Management Board for 2011 was 16 311 000 rubles. The Company owes no money with regard to remuneration of members of the Management Board.