Appendix

Appendix № 3. Board of Directors Report on JSC "Techsnabexport" Performance in 2011

№ Of the Board Minutes Date of the Board Meeting Agenda of the Board Meeting
68. 21.01.2011 1. Approval of the deal associated with assignment of estate property of JSC "TECHSNABEXPORT".
69. 03.03.2011 1. Termination of JSC "TECHSNABEXPORT" membership in Closed Joint Stock Company "Uranium Enrichment Center".
70. 04.03.2011 1. Addressing the JSC "TECHSNABEXPORT" sole shareholder with a suggestion to make a decision with regard to approval of the Decree on the Board of Directors of JSC "TECHSNABEXPORT".
71. 05.03.2011 1. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and JSC "Atomenergoprom").
2. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and JSC "Atomkomplekt").
3. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and JSC "NIAEP").
4. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and JSC "United company "RSK").
5. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and JSC "Directorate for centralised order of equipment for NPP").
6. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and JSC "Alpha-7").
72. 10.05.2011 1. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and CJSC "TENEX-Service").
2. Approval of the deal associated with the transfer of rights of estate property (lease contract between JSC "TECHSNABEXPORT" and LLC "TENEX-Complekt").
73. 13.05.2011 1. Election of moderator for the JSC "TECHSNABEXPORT" Board of Directors meetings.
2. Paying an annual bonus (remuneration) to the JSC "TECHSNABEXPORT" Director General based on meeting the key performance indicators (KPIs) for year 2010.
74. 30.05.2011 1. Preliminary approval JSC "TECHSNABEXPORT" 2010 annual report.
2. Preliminary approval of annual accounting statements, including the profit and loss statement (profit and loss account) of JSC "TECHSNABEXPORT".
3. Recommendations addressed to the annual general meeting of shareholders (sole shareholder) of JSC "TECHSNABEXPORT" on the distribution of profit (including payment (declaring) dividends) and losses of JSC "TECHSNABEXPORT" following the results of the year 2010.
4. Recommendations of the auditor candidates of JSC "TECHSNABEXPORT" for 2011 to be elected by the annual general meeting of share-holders (sole shareholder).
5. Addressing the JSC "TECHSNABEXPORT" sole shareholder with a suggestion to make a decision with regard to the competences of the annual general meeting of shareholders of JSC "TECHSNABEXPORT".
75. 03.06.2011 1. Approval of the JSC "TECHSNABEXPORT" budget for 2011.
2. Approval of the key performance indicators (KPIs of JSC "TECHSNABEXPORT" as a Tier 2 Center for Financial Responsibility "Sales and Trading" for 2011.
76. 14.06.2011 1. Determining the price of estate property subject to the major deal (contract on providing a credit facility to JSC "TECHSNABEXPORT").
2. Approval of the major deal (contract on providing a credit facility to JSC "TECHSNABEXPORT").
77. 15.09.2011 1. Election of the Chair of the JSC "TECHSNABEXPORT" Board of Directors.
2. Election of the Secretary of the JSC "TECHSNABEXPORT" Board of Directors.
3. Determining the fee payable to JSC "TECHSNABEXPORT" auditor for 2011 and the terms of contract with the auditor.
78. 30.09.2011 1. Approval of the Company's financial estimates for charity in 2011.
79. 02.12.2011 1. Amending the terms of the employment agreement of the JSC "TECHSNABEXPORT" Director General by certain parties.
80. 13.12.2011 1. Recommendations to the JSC "TECHSNABEXPORT" sole shareholder on the amount of dividends after nine months of 2011 financial year and the procedure of dividend payment.
2. Determining the date of preparing the list of individuals with a right to participate in an ad-hoc general meeting of JSC "TECHSNABEXPORT" shareholders.