Control over our subsidiary and associated companies

While managing our subsidiary and associated companies, we strive to optimize our assets reducing stakes in non-core and inefficient businesses as well as businesses unable to be consolidated for further enterprise value growth. Thus, in 2010 we completed restructuring of Permenergotrans, OOO (in the form of its transformation into Uralenergotrans, OOO) and subsequent merger of Urals Transport Company, OOO, Chelyabinsk Autotransport Company, OOO and Perm Autotransport Company, OOO into it during the creation of the united autotransport company. Uralenergotrans, OOO in 2011 will develop according to the break-even plans of the merged company. In 2010 we also withdrew from Sverdlovenergozhylstroi, OAO due to its liquidation.

Our subsidiary and associated companies are as follows:

Name Location Main business lines Share in the charter capital
Ekaterinburg Grid Company, ОАО (EESK, OAO) 1 Ulitsa Borisa Eltsyna, Ekaterinburg Energy transmission and distribution 91.04%
Ekaterinburgenergosbyt, ОАО 48 Ulitsa Surikova, Ekaterinburg Energy purchase of sales on wholesale and retail markets 91.04%
Uralenergotrans, ООО 140 Ulitsa Mamina Sibiryaka, Ekaterinburg Transportation services 100%
Security Service Permenergo, ООО 3 Komsomolsky Prospect, Perm Security services 100%
Permelektrosetremont, ОАО 38 Ulitsa Geroev Hasana, Perm Repair of electric equipment 100%
Insurance company Privat-Energostrakh, ZАО 48 Komsomolsky Prospect, Perm Insurance services 99.87%
Kurganenergo, ОАО 40 Ulitsa Lenina, Kurgan Energy transmission and distribution 49%
Managing Company Energofinance, ZAO 2 Ulitsa Sibirskaya, Perm Under removal from the United State Register of Legal Services 45%

Other financial investments are as follows:

Name Location Main business lines Share in the charter capital
OGK-2, ОАО Solnechnodolsk, the Stavropol region Thermal power and energy production 0.000567%
TGK-9, ОАО 48 Komsomolsky Prospect, Perm Thermal power and energy production 0.004150
Sverdlovenergosbyt, ОАО 92 Ulitsa Kuznechnaya, Ekaterinburg Energy purchase of sales on wholesale and retail markets 0.01738
FSK UES, ОАО 5a Ulitsa Akademika Chalomeya, Moscow Energy transmission and distribution 0.000054
Insurance company The Rings of the Urals, ООО 3 Ulitsa Marshala Zhukova, Ekaterinburg Inactive 7.4037
Perm Airlines, ОАО 47 Ulitsa Kuibysheva, Perm Inactive 10
Uralenergostroi, ОАО 97a Prospect Lenina, Ekaterinburg Inactive, under bankruptcy process 5.73