| None | PIRC was not able to secure sufficient information from the company to enable us to deliver an informed report. This was despite attempts by PIRC to secure this information from the company and/or its representatives. PIRC’s Asia service defines reportable companies as those which provide adequate and timely English language disclosure of materials which explain the meeting agenda. PIRC has made best efforts to obtain such disclosures for this meeting but has been unable to do so. Unless sufficient information becomes available subsequent to the issuance of these recommendations, PIRC advises clients not to support the proposals. | None |
| 1 | Approve the annual report as of FY 2008 | Abstain |
| 2 | Approve the annual accounting report for FY 2008 | Abstain |
| 3 | Approve the distribution of profit and losses, dividend payments as of 2008 FY | Abstain |
| 4 | Appoint the auditors | Abstain |
| 5 | Elect the Supervisory Board | Abstain |
| 5.1 | Elect Sergey Ignatyev as a Director | Abstain |
| 5.2 | Elect Aleksey Ulyukayev as a Director | Abstain |
| 5.3 | Elect Georgy Luntovsky as a Director | Abstain |
| 5.4 | Elect Valery Tkachenko as a Director | Abstain |
| 5.5 | Elect Nadezhda Ivanova as a Director | Abstain |
| 5.6 | Elect Sergey Shvetsov as a Director | Abstain |
| 5.7 | Elect Konstantin Shor as a Director | Abstain |
| 5.8 | Elect Arkady Dvorkovich as a Director | Abstain |
| 5.9 | Elect Aleksy Kudrin as a Director | Abstain |
| 5.10 | Elect Andrey Belousov as a Director | Abstain |
| 5.11 | Elect Elvira Nabiullina as a Director | Abstain |
| 5.12 | Elect Aleksey Savatyugin as a Director | Abstain |
| 5.13 | Elect German Gref as a Director | Abstain |
| 5.14 | Elect Bella Zlatkis as a Director | Abstain |
| 5.15 | Elect Sergey Guryev as a Director | Abstain |
| 5.16 | Elect Rajat Gupta as a Director | Abstain |
| 5.17 | Elect Anton Drozdov as a Director | Abstain |
| 5.18 | Elect Kayrat Kelimbetov as a Director | Abstain |
| 5.19 | Elect Vladimir Mau as a Director | Abstain |
| 5.20 | Elect Sergey Sinelnikov-Murylev as a Director | Abstain |
| 6 | Elect the Audit Commission | Abstain |
| 6.1 | Elect Vladimir Volkov as a Member of the Audit Commission | Abstain |
| 6.2 | Elect Lyudmila Zinina as a Member of the Audit Commission | Abstain |
| 6.3 | Elect Irina Mayorova as a Member of the Audit Commission | Abstain |
| 6.4 | Elect Valentina Tkachenko as a Member of the Audit Commission | Abstain |
| 6.5 | Elect Nataliya Polonskaya as a Member of the Audit Commission | Abstain |
| 6.6 | Elect Maksim Dolzhnikov as a Member of the Audit Commission | Abstain |
| 6.7 | Elect Yuliya Isakhanova as a Member of the Audit Commission | Abstain |
| 7 | Approve the introduction of amendments and agenda into the Charter of the Company | Abstain |
| 8 | Approve to increase the Charter Capital of the Company by additional share issue | Abstain |
| 9 | Approve the remuneration to be paid to the Members of the Board of Directors and Audit Commission | Abstain |
| 10 | Approve the participation in Non Commercial Organization | Abstain |
