NOTICE OF OPEN JOINT STOCK COMPANY "TURBOATOM"

(EDRPOU 05762269, location: Ukraine, Kharkov, Moscowskiy Prospect, 199)

of the General Meeting of Shareholders

OJSC "Turboatom" at the request No 21 dated 12.10.2011, the company Linfot Limited (Linfot Limited), a shareholder who owns more than 10% of the share capital of the company shall notify the General Meeting of shareholders of OJSC "Turboatom". The meetings will be held at the location of the Society December 21, 2011 at 12 hours 00 minutes at Ukraine, Kharkov, Moscowskiy Prospect, 199, assembly hall.

AGENDA:

1. About the election of members of the counting commission general meeting of shareholders of OJSC "Turboatom".
2. About the election of the chairman and secretary general meeting of shareholders of OJSC "Turboatom".
3. Adoption of Regulations of the general meeting of shareholders of OJSC "Turboatom".
4. Report of the Executive Body on financial and economic activity of JSC "Turboatom" for 2010.
5. Report of the Supervisory Board of OJSC "Turboatom" of work for 2010.
6. Adoption of the report and conclusions of the Audit Commission of OJSC "Turboatom" for 2010.
7. Adoption of the annual report and balance sheet of OJSC "Turboatom" for 2010.
8. Determination of the main directions of JSC "Turboatom" for 2011.
9. Profit distribution of "Turboatom" (defining losses) for the results of its 2010, establishing the procedure of dividend payment.

Basic indicators of financial-economic activity of OJSC "Turboatom" (thous. hryvnas)

Name of indices	Period
	2010	2009
Total assets	1 671 990	1 460 073
Fixed assets	244 957	230 904
Long-term financial investments	185 767	178 492
Inventories	614 000	504 416
Total  debts receivable	198 085	188 363
Money assets and its equivalents	183 877	105 998
Accumulated profit	606 602	460 420
Equity capital	1 188 419	1 043 651
Authorized capital	105 624	105 624
Long-term liability	5 527	5 426
Current liabilities	476 175	408 952
Clear profit (loss)	188 780	125 740
Average quantity of shares (pieces)	422 496 520	422 496 520
Number of own shares, being redeemed during the period (pieces)	0	0
Total amount of money, spent on redeem of own shares during the period	0	0
Number of employees (persons)	4 938	4 827

Date of drawing up the list of shareholders entitled to participate in the General Meeting: 12/15/2011 by

Read the material on the agenda of the General Meeting of the Society may, by written application during office hours at: Kharkov, Energetycha street, building 1, administrative building.  An official person, who is responsible for review procedures of shareholders with documents, is Datsenko Tatiana, tel. 349-23-69.

Shareholders have the right, in writing to submit their proposals for changes and additions to the agenda of the General Meeting of the Society to the postal address: Moskovsky Prospekt, 199, Kharkov, 61037, Ukraine.

To participate in the General Meeting is required to have: a document proving the identity of the shareholder or his representative, a document the right to participate in the meeting (for representatives of legal entities and individuals).

Registration of participants of the meeting will be in place of the meeting.

Registration starts 21.12.2011, at 10-00, finishes at 11-30.

Telephone for information: (057) 349-23-69.

Management

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NOTICE ABOUT CHANGES TO AGENDA OF SHAREHOLDERS MEETING OF OJSC “TURBOATOM”, WHICH CALLED ON THE 21ST OF DECEMBER 2011

Full name: Open Joint Stock Company "Turboatom" (EDRPOU 05762269)

Company Location: Ukraine, Kharkov, Moscow Prospect, 199.

DEAR SHAREHOLDERS!

OJSC "Turboatom" reports that on December 21, 2011 at 12 hours 00 minutes under adress: Ukraine, Kharkov, Moscow Prospect, 199, Assembly Hall, will be the General Meeting of shareholders of the Company.

We inform you that the agenda of the General Meeting of the Society, which convened on December 21, 2011 included an additional question:

• The decision to commit large transactions

Thus, the agenda of the General Meeting of the Society consists of the following issues:

1. On the election of members of the counting commission general meeting of shareholders of OJSC "Turboatom".
2. On the election of the chairman and secretary general meeting of shareholders of OJSC"Turboatom".
3. Adoption of Regulations of the general meeting of shareholders of OJSC "Turboatom".
4. Report of the Executive Body on financial and economic activity of JSC "Turboatom" for 2010.
5. Report of the Supervisory Board of OJSC "Turboatom" of work for 2010.
6. Adoption of the report and conclusions of the Audit Commission of OJSC "Turboatom" for 2010.
7. Adoption of the annual report and balance sheet of OJSC "Turboatom" for 2010.
8. Determination of the main directions of OJSC "Turboatom" for 2011.
9. Distribution of profit of OJSC "Turboatom" (defining losses) for the results of its 2010, establishing the procedure of dividend payment.
10. The decision to commit large transactions.

Basic indicators of financial-economic activity of OJSC "Turboatom" (thous. hryvnas)

Name of indices	Period
	2010	2009
Total assets	1 671 990	1 460 073
Fixed assets	244 957	230 904
Long-term financial investments	185 767	178 492
Inventories	614 000	504 416
Total  debts receivable	198 085	188 363
Money assets and its equivalents	183 877	105 998
Accumulated profit	606 602	460 420
Equity capital	1 188 419	1 043 651
Authorized capital	105 624	105 624
Long-term liability	5 527	5 426
Current liabilities	476 175	408 952
Clear profit (loss)	188 780	125 740
Average quantity of shares (pieces)	422 496 520	422 496 520
Number of own shares, being redeemed during the period (pieces)	0	0
Total amount of money, spent on redeem of own shares during the period	0	0
Number of employees (persons)	4 938	4 827

Date of drawing up the list of shareholders entitled to participate in the General Meeting: 12.15.2011

Read the material on the agenda of the General Meeting of the Society may, by written application during office hours at: Kharkov, ul. Energeticheskaya, building 1, administrative building. An official responsible for review procedures shareholders with documents - Datsenko Tatiana, tel. 349-23-69.

Shareholders have the right, in writing to submit their proposals for changes and additions to the agenda of the General Meeting of the Society to the postal address: Moskovskiy Prospekt, 199, Kharkov, 61037, Ukraine.

To participate in the General Meeting is required to have: a document proving the identity of the shareholder or his representative, a document the right to participate in the meeting (for representatives of legal entities and individuals).

Registration fees will be in place of the meeting.

Registration starts 21.12.2011, at 10-00, ending 11-30.

Telefon for information: (057) 349-23-69.

Management

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