As of December 31, 2012 the amount of the authorized capital of the Company amounted to nine billion five hundred seventy-eight million five hundred ninety-two thousand three hundred thirteen (9,578,592,313) rubles 80 kopecks.

The authorized capital was formed as follows:

The first placement of shares of JSC IDGC of the North-West in the amount of one hundred million (100,000,000) with par value 10 kopecks each was carried out on December 23, 2004 (date of the state registration of the Company as a legal body) by means of shares acquisition by the sole founder JSC RAO UES of Russia.

The issue of the securities of JSC IDGC of the North-West was registered by the Federal Service for Financial Markets on March 23, 2005 under state registration number No.1-01-03347-D.

On December 25, 2007 the Management Board of JSC RAO UES of Russia within the framework of functioning of Extraordinary General Meeting of Shareholders of JSC IDGC of the North-West took the decision to increase the authorized capital of the Company by means of additional registered ordinary shares placement the amount of which accounted for 95,687,000,000 pieces with the par value 10 kopecks per each. On January 22, 2008 in accordance with the given decision the amendments to the Articles of Association of the Company were registered, on the basis of which the Company determined the additional placement of the shares in the amount of 95,687,000,000 with par value 10 kopecks each, the total amount of which accounted for RUB 9,568,700,000.

On March 18, 2008, the Federal Service for Financial Markets registered 11 additional securities issues with the numbers: 1-01-03347-D-001D, 1-01-03347-D-002D, 1-01-03347-D-003D, 1-01-03347-D-004D, 1-01-03347-D-005D, 1-01-03347-D-006D, 1-01-03347-D-007D, 1-01-03347-D-008D, 1-01-03347-D-009D, 1-01-03347-D-010D, 1-01-03347-D-011D.

Placement of the shares of additional issues was carried out as of April 01, 2008. The type of placement is the conversion of shares of JSC Astrakhanenergo, JSC Vologdaenergo, JSC AEK Komienergo, JSC Karelenergo, JSC Kolenergo, JSC Novgorodenergo, JSC Pskovenergo attached to JSC IDGC of the North-West in addition to ordinary shares of the Company.

After the completion of the conversion procedure, the authorized capital of the Company accounted for nine billion five hundred seventy-eight million five hundred ninety-two thousand three hundred thirteen (9,578,592,313) rubles and 80 kopecks and consisted of ninety five billion seven hundred eighty-five million nine hundred twenty-three thousand one hundred thirty-eight (95,785,923,138) shares with par value of 10 kopecks each.

Amount of the ordinary shares in the authorized capital of the issuer: 100%.

On August 14, 2008 the Federal Service for Financial Markets cancelled the following individual numbers (codes) 001D, 002D, 003D, 004D, 005D, 006D, 007D, 008D, 009D, 010D, 011D in earlier assigned numbers of additional securities issues and combined all the additional issues under state registration number No. 1-01-03347-D.

Information on Declared Shares

In accordance with paragraph 4.6 of section 4 of the Articles of Association of JSC IDGC of the North-West the Company declares, in addition to its listed shares, one million seventy-six thousand eight hundred sixty-two (1,076,862) ordinary registered shares with par value of ten (10) kopecks each for the total nominal value of one hundred seven thousand six hundred eighty six (107,686) rubles 20 kopecks.

Ordinary registered shares declared by the Company to listing entitle their owners with the rights determined by paragraph 6.2 of section 6 of the Articles of Association.