The current Board of Directors was elected at the annual general shareholders meeting held on 14 June 2011

• Nikolai Nikolaevich Shvets, 1956

  Chairman of the Board of Directors

  Currently General Director and Chairman of the Management Board at MRSK Holding

  Other positions held:

  Chairman of the Board of Directors, MRSK North Caucasus, MOESK, Lenenergo, Tyumenenergo, Yantarenergo

  Member of the Supervisory Committee at NTS EES

  Member of the Board of Directors at MRSK Holding

  Vice President, member of the Management Board, member of the Management Bureau at SoyuzMash Rossii

  Education:

  All Union Correspondence Polytechnical Institute, Zhukov Military Command Academy, Military Academy of the General Staff of the Armed Forces of the Russian Federation, PhD in Economic Sciences, Associate Member of the Academy of Military Sciences

  First/last election to the Board of Directors:

  30.06.2010 / 14.06.2011.

• Alisher Izatovich Arifov, born in 1952, died 3 May 2012

  Alisher Arifov was First Deputy General Director and Senior Engineer at RN-Seti.

  Other positions held:

  Member of the Board of Directors at Kubanskie Magistralnie Seti, TRK, Tomskie Magistralnei Seti.

  Education:

  Moscow Order of Lenin Energy Institute qualifying in Industrial Energy, Moscow Energy Institute qualifying in Business Economics and Management

  First/last election to the Board of Directors:

  14.06.2011 / 14.06.2011

• Gani Bausinovich Gulaev, 1956

  Currently Vice President and Member of the Management Board of Rosneft.

  Other positions held:

  Member of the Board of Directors of Rosneft-Dagneft, Tomskneft, Grosneftegaz, Udmutneft, Kubanskie Magistralnie Seti, Polyanoe Siyanie, Vostsibneftegaz, Ingneft, VChNG

  Member of the Supervisory Council at RN-Astra

  Education:

  Oktyabrskii Oil College, Ufimskii Oil Institute, PhD in Technical Sciences

  First/last election to the Board of Directors:

  14.06.2011 / 14.06.2011

• Aleksei Vladimirovich Demidov, 1976

  Currently Deputy General Director for Economy and Finance, member of the Management Board at MRSK Holding and acting General Director at MRSK North Caucasus.

  Other positions held:

  В­Chairman of the Board of Directors at MRSK Sibir, MRSK North Caucasus

  Member of the Board of Directors at Lenenergo Chairman of the Audit Committee of the Board of Directors of Kubanenergo

  Education:

  St Petersburg Trade and Economics Institute

  First/last election to the Board of Directors:

  30.06.2010 / 14.06.2011

• Anna Yurevna Katina, 1982

  Currently Head of Department for Corporate Management and Investor Relations, MRSK Holding

  Other positions held:

  Member of the Board of Directors at Zavod Reto, Berendeevsko, Tsarskoselskaya Energoservisnaya Kompaniya, Lenenergo Energoservisnaya Kompaniya

  Member of the committees for auditing and for personnel and compensation of the Board of Directors of Kubanenergo

  Education:

  Moscow Humanitarian University

  First/last election to the Board of Directors:

  29.06.2009 / 14.06.2011

• Andrei Sergeevich Kolyada, 1984

  Currently Head of Department for Property Organisation in the Fuel and Energy and Coal Mining Industry of the Management Board of the Infrastructure Section and Organisation of Military Production Sector of the Federal Property Management Agency.

  Other positions held:

  В­Member of the Board of Directors at Mosenergostroi, Elektrotsentromontazh, Institut Energosetproekt, Trest Gidromontazh, Nedra

  Member of the Audit Committee at SO EES, RusGidro, FSK EES

  Education:

  State University of Management (Moscow), Institute of Management in Energy Production

  First/last election to the Board of Directors:

  30.06.2010 / 14.06.2011

• Aleksandr Andreevich Pukhalskii, 1957

  Currently Director of the Department of Energy Production at Rosneft.

  Other positions held:

  В­Member of the Board of Directors at Kubanskie Magistralnie Seti, RN-Energo, Tomskenergoremont, Tomskelektrosetremont, Tomskie Magistralnei Seti , Tomskaya Energosbitovaya Kompaniya, TRK

  Education:

  North Caucasus Mining and Metallurgical Institute, the Academy of National Economy under the Government of the Russian Federation, PhD in Technical Science.

  First/last election to the Board of Directors:

  10.03.2009 / 14.06.2011

• Aleksei Valerevich Sannikov, 1965

  Until December 2011 was Deputy General Director and member of the Management Board of MRSK Holding

  Other positions held:

  Member of the Board of Directorsat Tyumenenergo, Yantarenergo, MRSK Yuga

  President and member of the Board at Energostroi

  Education:

  Nizhegorodskii Lobachevskogo State University

  First/last election to the Board of Directors:

  14.06.2011 / 14.06.2011

• Georgee Akhmedovich Sultanov, 1954

  Currently General Director and Chairman of the Management Board at Kubanenergo.

  Education:

  Krasnodar Polytechnical Institute, PhD in Technical Sciences

  First/last election to the Board of Directors:

  14.06.2011 / 14.06.2011

• Sergei Evgenevich Yurchuk, 1966

  Currently Director of Finance at MRSK Holding.

  Other positions held:

  Member of the Board of Directors at Lenenergo, MOESK, MRSK Yuga, MRSK Urala

  Member of the Audit Committee of the Board of Directors of Kubanenergo

  Chairman of the Committee for Audit and Strategy, Development, Investment and Restructuring of the Board of Directors at MRSK Yuga

  Member of the Audit Committee of the Board of Directors at MOESK

  Education:

  Economics Faculty at Moscow Lomonosova State University

  First/last election to the Board of Directors:

  14.06.2011 / 14.06.2011

• Khasan Mushtafaevich Likhov, 1983

  Currently Deputy Director of the Department for Economic Regulation of Property Relations in the Fuel and Energy Sector at the Ministry for Energy of Russia.

  Other positions held:

  Member of the Board of Directors at MRSK Yuga

  Education:

  Academy of Economic Security of the Ministry of Internal Affairs of Russia (Moscow)

  First/last election to the Board of Directors:

  30.06.2010 / 14.06.2011

Board of Directors

Elected at the annual general shareholders meeting on 30 June 2010, powers terminated on 14 June 2011

1. Nikolai Nikolaevich Shvets, Chairman of the Board of Directors, General Director and Chairman of the Management Board at MRSK Holding
2. Pavel Vladilenovich Golubev, Head of Department for Organisation and Operation and Maintenance and Report at MRSK Holding
3. Aleksei Vladimirovich Demidov, Deputy General Director for Economics and Finance, member of the Management Board at MRSK Holding
4. Anna Yurevna Katina, Section Head in the Department of Corporate Management and Investor Relations at MRSK Holding
5. Andrei Sergeevich Kolyada, Deputy Head of Property Organisation in the Fuel and Energy and Coal Mining Industry of the Management Board of the Infrastructure Section and Organisation of Military Production Sector of the Federal Property Management Agency
6. Vyacheslav Mikhailovich Kravchenko, General Director of RN-Energo
7. Khasan Mushtafaevich Likhov, Deputy Director of the Department for Economic Regulation of Property Relations in the Fuel and Energy Sector at the Ministry for Energy of Russia
8. Aleksandr Andreevich Pukhalskii, Director of the Department of Energy Production at Rosneft
9. Aleksei Valerevich Sannikov, until December 2011 was Deputy General Director and member of the Management Board at MRSK Holding
10. Mikhail Efimovich Stavskii, until 11 October 2010 was Vice President of Rosneft
11. Grigorii Mikhailovich Kharenko, Deputy General Director for Corporate Management at Lenenergo

All persons who were in 2011 or are currently members of the Board of Directors of the Company are citizens of the Russian Federation.

Information about the positions held by members of the Board of Directors: current Board of Directs as at 21 December 2011; previous Board of Directors as at the time of their election.

There were no transactions in the accounting year between the Company and persons acting as members of the Board of Directors of Kubanenergo in 2011.

With the exception of Sergei Evgenefich Yurchuk no member of the Board of Directors of Kubanenergo owns shares in the Company or its subsidiaries and affiliates. At 31 December 2011 Sergei Evgenefich Yurchuk owned 2166 ordinary shares (0.002% of the equity capital) in Kubanenergo.

In the accounting year members of the Board of Directors of Kubanenergo did not undergo any training at the expense of the Company.