Results of voting at General Meeting of Shareholders of OJSC "Turboatom" which took place 21.12.2011

According to the results of voting on the issue:

No 1 "About  election of members of the Counting Commission of General Meeting of Shareholders of OJSC "Turboatom" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 341 624 902, that consist 84.05% of the total votes of shareholders who participated in the General Meeting of Shareholders adopted decision: choose Counting Commission of General Meeting of OJSC "Turboatom" consisting of: Committee Chairman: Krasnikova Natalya Mikolayivna, Members of the Commission: Mikhaylyukov Vladimir Petrovich, Moroz Valentin Anatolievich, Romenskaya Elena Anatolievna, Akkerman Alexandra Stanislavovna.

No 2 "About election of the Chairman and Secretary of General Meeting of Shareholders of OJSC "Turboatom" agenda of General Meetings of Shareholders of OJSC" Turboatom" majority of votes 341 629 902, representing 84.05% of the total votes of shareholders who participated in the General Meeting of Shareholders adopted decision: to elect as the Head of the General Meeting of Shareholders of OJSC "Turboatom" Subbotin V.G., Secretary of General Meeting of Shareholders of OJSC "Turboatom" Datsenko T.V.

No 3 "Adoption of agenda of the General Meeting of Shareholders of OJSC "Turboatom" agenda of General Meeting of Shareholders of OJSC "Turboatom" majority of votes 341 629 402, representing 84.05% of the total votes of shareholders who took part in the General Meeting of Shareholders decided to: approve the Agenda of the General Meeting of Shareholders of OJSC "Turboatom"

• for reports on the agenda – up to 15 minutes;
• for discussion – up to 5 minutes
• answers on questions – up to 3 minutes;

Questions to speakers present to Presidium in writing with details of the shareholder (name or name of legal entity). Questions submitted without specifying details will not considered.

Voting at General Meetings on the agenda by using ballots. Ballot includes voting options for each project of decision (marks "for", "against", "abstention"). After considering and submitting by the President of the General Meeting of the issue to a vote, a shareholder, marks in its option of voting bulletins ("for", "against", "abstention"). After voting on the agenda shareholder must give to Counting Commission their ballot. Counting Commission collects ballots, count votes and announce the results of voting on this issue.

Ballot is declared invalid if:

• it differs from the sample officially made by Joint Stock Company;
• it was not signed by shareholder (representative);
• it marked more than one option to vote;
• it is marked no option to vote;

No 4 "Report of the Executive Body on financial and economic activity of OJSC  "Turboatom" for 2010"  agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 317 978 721 representing 78.23% of the total votes of shareholders who participated in a General Meeting of Shareholders decided: to approve the report of the Executive Body on financial and economic activity of OJSC "Turboatom" for 2010.

No 5 "Report of the Supervisory Board of OJSC" Turboatom "of work for 2010" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 317 977 302, representing 78.23% of the total votes of shareholders who participated in the General Meeting of Shareholders adopted decision: to approve the Report of the Supervisory Board of OJSC "Turboatom" of work in 2010.

No 6 "To approve the report and conclusions of the Audit Commission of OJSC "Turboatom" for 2010" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 341 629 602, representing 84.05% of the total votes of shareholders who participated in General Meetings Shareholders decided: to approve the report and conclusions of the Audit Commission of OJSC "Turboatom" for 2010.

No 7 "Approval of the annual report and balance sheet of OJSC "Turboatom" for 2010" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 341 627 483, representing 84.05% of the total votes of shareholders who participated in the General Meeting of Shareholders adopted decision: to approve the annual report and balance sheet "Turboatom" for 2010.

No 8 "Determination of the main directions of  OJSC "Turboatom" for 2011" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 317 978 421, representing 78.23% of the total votes of shareholders who participated in the General Meeting of Shareholders adopted decision: to approve the main directions of work of OJSC "Turboatom" for 2011.

No 9 "On the distribution of profit of OJSC "Turboatom" (defining order of covering of losses) for the results of its 2010, establishing the procedure of dividend payment" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 406 445 172, representing 100% of the total votes of shareholders who participated in the General Shareholders Meeting decided to: adopt the income distribution in 2010:

• to the Reserve Fund does not count since it was formed in full;
• count to Fund of Production of 15 million 336 thousand UAH.
• count to Social Development Fund of 824 thousand UAH.
• count to Fund of Dividend Payments: 30% of net profit is 56 million 634 thousand UAH., including the state share of 42 million 603 thousand 651 UAH.16 cop., at the rate of 13.405 cop., per 1 share.

Set the commencement of payment of dividends - from 01.02.2012, the share of state corporate rights dividends payment-order number 1004 dated 15.02.11, according to decision of Cabinet of Ministers of Ukraine No 1 dated 05 January 2011.

• remaining profit use in accordance with the financial plans of the enterprise.

No 10 "The decision to commit significant transactions" agenda of General Meetings of Shareholders of OJSC "Turboatom" majority of votes 317 977 921, representing 75.26% of the total votes of shareholders decided to adopt the decision to commit a significant transaction, namely:

1. Conclude the contract with LLC "KomplektEnergo" (Moscow, Russian Federation) for manufacturing and supply of steam turbine with condenser with a group of K-33170 on fresh water with auxiliary equipment for power unit No 4 Rostov NPP.
2. Give authority to General Director of OJSC "Turboatom" to sign a contract with LLC "KomplektEnergo" (Moscow, Russian Federation) for manufacturing and supply of steam turbine with condenser with a group of K-33170 on fresh water with auxiliary equipment for power unit No 4 Rostov NPP.

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