The Board of Directors JSC St. PetersburgHeatingGrid has fixed the date of the annual General Meeting of Shareholders

The Board of Directors of JSC St. PetersburgHeatingGrid has made a decision on convening the annual General Meeting of Shareholders of the Company. The meeting will take place on June 29, 2012, in St. Petersburg in the form of collective attendance with the following agenda:

1. On approval of the annual report and the annual accounting statements of the Company including the balance sheet and profit and loss statement.

2. On distribution of profits (including payment of dividends) and losses of the Company by the results of the business year 2011.

3. On election of members of the Board of Directors of the Company.

4. On election of members of the Internal Audit Commission of the Company.

5. On appointment of the Auditor of the Company.

The date when the list of persons entitled to participate in the assembly will be drawn is May 18, 2012.