Annex 1.
Reference information for shareholders and investors



Date starting from which keeping emitter inscribed security register is carried out by the specified registrar: 23.12.2010.


Bank details

INN 7841312071, KPP 784101001
Current account No. 40702810500170000005
in FZAO “Gasenergoprombank”
Saint-Petersburg
Correspondent account No. 30101810900000000842
BIC 044030842; PSRN 1057810153400
OKPO 76201586


Contact information: JSC TGC-1

Solomina Olga
Head of the corporate management department
Tel: +7 (812) 901-3131
Fax: +7 (812) 901-3595
Е-mail: Solomina.ON@tgc1.ru

Maksimova Antonina
Head of the department of stock capital and work with investors
Tel: +7 (812) 901-3292
Fax: +7 (812) 901-3595
E-mail: Maksimova.AN@tgc1.ru

Romanova Anastasia
Main expert for work with investors
Tel: + 7 (812) 901-3296
Fax: +7 (812) 901-3595
E-mail: Romanova.AY@tgc1.ru

Shpungina Ekaterina
Leading expert for work with investors
Tel: + 7 (812) 901-3297
Fax: +7 (812) 901-3595
E-mail: Shpungina.ES@tgc1.ru

Nesterov Viktor
Corporate secretary
Head of the department for work with shareholders
Tel: +7 (812) 901-3591
Fax: +7 (812) 901-3595
Е-mail: Nesterov.VV@tgc1.ru


The Bank of New York Mellon (Depository bank of JSC TGC-1 GDR program)

Vladimir Kotlikov
(New York)
The Bank of New York Mellon Depositary Receipts
ADR Division/EEMEA
Tel: 212.815 5948
Fax: 212 571 3050
vladimir.kotlikov@bnymellon.com

Irina Baichorova
(Moscow)
Tel.: +7 (495) 967-31-10
Fax: +7 (495) 967-31-06
irina.baichorova@bnymellon.com

 

Annex 2.
The JSC TGC-1 2010 Accounting Statements under the Russian Accounting Standards.

Audit Report

To JSC “TGC-1” shareholders about financial accounting of Joint Stock Company “Territorial Generating Company No. 1” following the results of the activities for 2010.
Audited entity – Joint Stock Company “Territorial Generating Company No. 1”.

Registered on 25 March 2006 with primary state number 1057810153400 at the Inter-District Office of the Federal Tax Service No. 15 for Saint Petersburg.

Location: 191186, Russian Federation, Saint Petersburg, Marsovo pole, h.1.

Auditor – CJSC “BDO” registered by the Inspectorate of the Ministry for Taxes and Levies of the RF No. 26 for Southern Administrative District of Moscow city.

Certificate series 77 No. 006870804 about recording into Unified State Register of Legal Entities dated 29.01.2003 with Primary State Registration Number 1037739271701.

Certificate series 77 No. 013340465 about recording into Unified State Register of Legal Entities dated 20.01.2010 with Primary State Registration Number 1037739271701.

Location: 117587, Moscow, Varshavskoye shosse, house 125, building 1, section 11
Phone: (495) 797 5665
Phone/Fax: (495) 797 5660
E-mail: info@bdo.ru
Web: www.bdo.ru

General Director – Dubinsky Andrey

CJSC “BDO” – independent national auditing company included into BDO international network.

CJSC “BDO” is a member of professional auditing association Noncommercial Partnership “Audit Chamber of Russia”, Primary Registration Number of the entry in the state register of auditors and auditing organizations 10201018307. NP “ACR” is included into state register of self-regulatory auditing organizations with No. 1 in accordance with decree of Russian Ministry of Finance dated 01.10.2009 No. 455.

Partner Smirnov Viktor is authorized to execute audit report on the basis of the power of attorney dated 01.01.2011 No. 18-01/2011-BDO.

We have carried out audit of attached financial accounting of JSC “Territorial Generating Company No. 1” consisting of accounting balance-sheet as of 31 December 2010, statement of income, statement of changes in equity, cash flow statement for 2010, attachments to the accounting balance-sheet and explanatory note.

Responsibility of audited entity for financial accounting
Manager of the company and chief accountant are responsible for drafting and accuracy of specified financial accounting in accordance with Russian Federation legislation requirements with respect to financial accounting preparation and internal controls required for financial accounting preparation that do not contain material misstatements due to fraud or misdeeds.

Auditor responsibility
We are responsible for expression of opinion about authenticity of financial accounting basing on the audit carried out by our company. We carried out audit in accordance with auditing activity federal standards. The standards require observance of ethical practices and audit planning and carrying out so that to obtain reasonable assurance that financial accounting contains no material misstatements.

Audit included auditing procedures directed to obtainment of audit evidence approving numerical indicators in financial accounting and disclosure of information it contains. Choosing of auditing procedures is our judgment matter that is based on the assessment of risk for material misstatements made due to fraud or misdeeds. In the risk assessment process we considered internal controls that provide drafting and accuracy of financial accounting with the purpose of choosing the respective auditing procedures and did not aim to express opinion about internal controls effectiveness.

Audit also included appropriate assessment of applicable accounting policies and validity of estimated figures obtained by audited entity management and assessment of financial accounting presentation in general.

We suppose that auditing evidences obtained during audit give reasonable grounds for expression of opinion about authenticity of financial accounting.

Opinion
On our opinion financial accounting authentically reflects substantially financial status of JSC “Territorial Generating Company No. 1” as of 31 December 2010, results of its financial and economic activities and cash flows for 2010 in accordance with Russian Federation legislation requirements with respect to financial accounting preparation.

CJSC “BDO”


V. M. Smirnov
Partner

1 March 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Annex 3.
Conclusion Of JSC “TGC-1” Revision Commission about reliability of data contained in the Annual report of JSC “TGC-1” for 2010

14 April 2011
Saint Petersburg

Auditing commission elected by the General meeting of the shareholder on 28 June 2010 in accordance with work plan arranged random inspection of separate issues and analysis of financial and economic activities of JSC “Territorial Generating Company No. 1” (hereinafter – Company) for 2010.

During inspection the following has been studied: annual report for 2010, balance sheet and attachments to it, audit report of CJSC “BDO”, constituent documents, management body decisions, Company general director decrees.

Book accounting for 2010 is arranged taking into account requirements of the Federal Law of Russian Federation dated 21.11.1996 No. 129-FZ “About book accounting”, Provisions for book accounting and reporting in Russian Federation approved by the decree of the Ministry of Finance of RF dated 29.07.1998 No. 34n, the decree of the Ministry of Finance of Russian Federation dated 22.07.2003 No. 67n “About book accounting” and other regulatory acts included into regulatory system for book accounting and reporting of organizations in Russian Federation. Company balance assets and liabilities structure analysis shows that it is financially secured.

The Commission randomly inspected primary documents approving data of book accounting and reporting.

Company management is responsible for credibility of financial statements.

On 01.03.2011 CJSC “BDO” presented audit report for book accounting arranged in accordance with Russian Accounting Standards. As per auditors opinion Company book accounting reflects accurately in all material respects financial state as of 31.12.2010, financial and economic activity and flow of funds for the period from 01 January to 31 December 2010 in accordance with the requirements of Russian Federation Law with respect to financial (book) accounting.

On results of the inspection of JSC “Territorial Generating Company No. 1” activity carried out in accordance with official powers audit commission considers that:

Company annual book accounting is arranged in accordance with the legislation of the Russian Federation and accurately reflects Company financial state in all material respects as of 31.12.2010;

No violations of regulatory normative acts during carrying out of financial and economic activity, book keeping and accounting preparation that could substantially influence the results of the financial are detected;

Financial information contained in the Company annual report for 2010 is authentic and corresponds to the information from financial (book) accounting.

 

Annex 4.
Consolidated financial statements in accordance with international accounting standards
JSC “TGC-1” for 2010

Audit report of independent auditor

To shareholders and Board of Directors of Joint Stock Company “Territorial Generating Company No. 1” (JSC “TGC-1”)
We have carried out audit of attached financial accounting of JSC “TGC-1” and its affiliates (hereinafter – Group) which includes: consolidated statement about financial status as of 31 December 2010 and consolidated report about joint income, consolidated report about flow of funds per annum ended at the specified date, main principles of accounting policy and remarks to financial statement.

Management responsibility for preparation of consolidated financial statement
Management is responsible for drafting and accuracy of specified consolidated financial statement in accordance with international financial accounting standards and for the system of internal controls required for financial accounting preparation that do not contain material misstatements due to fraud or misdeeds.

Auditor responsibility
We are responsible for expression of opinion about present consolidated financial statement basing on the audit carried out by our company. We carried out audit in accordance with auditing activity international standards. The standards require observance of ethical practices and audit planning and carrying out so that to obtain reasonable assurance that consolidated financial statement contains no material misstatements.

Audit includes carrying out of definite procedures directed to obtainment of audit evidence approving numerical indicators in consolidated financial statement and disclosure of information it contains. Choosing of auditing procedures depend on auditor judgment including assessment of risks for material misstatements made due to fraud or misdeeds. In the risk assessment process auditor considers system of internal controls that provide drafting and accuracy of consolidated financial statement of the facility with the purpose of choosing the respective auditing procedures that are appropriate within the circumstances and did not aim to express opinion about facility internal controls effectiveness. Audit also includes appropriate assessment of applicable accounting policies and validity of accounting estimates prepared by the management and assessment of financial accounting presentation in general.

We suppose that auditing evidences obtained during audit are sufficient and appropriate and present reasonable grounds for expression of our opinion.

Auditor opinion
On our opinion consolidated financial statement authentically reflects substantially financial status of the Group as of 31 December 2010, results of its financial activities and cash flows for the year that ended as of this date in accordance with international standards of financial accounting.

Paragraph that brings to notice
Without changing our opinion we pay attention to the remarks 1, 6, 25 and 26 to the Group attached financial statement. Government of Russian Federation is a final supervisory body of the Group and Government economic and social policy influences Group financial status, financial results and flow of funds.

15 March 2011

CJSC “BDO”



CJSC “BDO”, company with 100% Russian equity registered in accordance with legislation of Russian Federation is a member of international association of independent companies BDO. Name BDO refers to companies being participants of BDO International Limited, British company with liability limited by guarantee of its participants. Every company of the association is a separate legal entity and does not act as agent for BDO International Limited or any other company of the association.