UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

**FORM N-PX**

**ANNUAL REPORT OF PROXY VOTING RECORD OF**

**The European Equity Fund, Inc.**

Investment Company Act file number  811-4632

The European Equity Fund, Inc.

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154

(Address of principal executive offices)             (Zip code)

David Goldman

Secretary

345 Park Avenue, Floor 27

New York, NY  10154-0004

(Name and address of agent for service)

Registrant's telephone number, including area code:  212-454-6778

Date of fiscal year end:  12/31

Date of reporting period:  7/1/07-6/30/08

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 
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******************************* FORM N-Px REPORT *******************************

ICA File Number: 811-04632
Reporting Period: 07/01/2007 - 06/30/2008
European Equity Fund, Inc./MD

======================== EUROPEAN EQUITY FUND, INC./MD =========================

AFI DEVELOPMENT PLC

Ticker:       AFID           Security ID:  00106J200
Meeting Date: MAY 23, 2008   Meeting Type: Annual
Record Date:  APR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements               For       For        Management
2     Approve Director Remuneration             For       For        Management
3     Approve Auditors and Authorize Board to   For       For        Management
      Fix Their Remuneration
4     Reelect Lev Leviev as Director            For       For        Management
5     Reelect Alexander Khaldey as Director     For       For        Management
6     Reelect Avinadav Grinshpon as Director    For       For        Management
7     Reelect Avraham Barzilay as Director      For       For        Management
8     Reelect Christakis Klerides as Director   For       For        Management
9     Reelect Moshe Amit as Director            For       For        Management
10    Reelect John Porter as Director           For       For        Management
11    Approve Allocation of Income              For       For        Management

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AKCANSA CIMENTO SA

Ticker:                      Security ID:  M03343122
Meeting Date: MAR 31, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Receive Statutory Reports                 None      None       Management
4     Receive Information on Charitable         None      None       Management
      Donations
5     Approve Financial Statements and          For       For        Management
      Allocation of Income
6     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
7     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
8     Appoint Internal Auditors and Approve     For       For        Management
      Their Remuneration
9     Ratify External Auditors                  For       For        Management
10    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose

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ANADOLU HAYAT EMEKLILIK A.S.

Ticker:                      Security ID:  M1032D107
Meeting Date: MAR 27, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting, Elect Presiding Council,    For       For        Management
      and Authorize Signing of Meeting Minutes
2     Receive Statutory Reports                 None      None       Management
3     Accept Financial Statements and Statutory For       For        Management
      Reports
4     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
5     Approve Allocation of Income              For       For        Management
6     Ratify Director Appointments              For       For        Management
7     Elect Directors                           For       For        Management
8     Appoint Internal Statutory Auditors       For       For        Management
9     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
10    Close Meeting                             None      None       Management

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BANK PEKAO SA

Ticker:                      Security ID:  X0641X106
Meeting Date: APR 23, 2008   Meeting Type: Annual
Record Date:  APR 16, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Elect Members of Vote Counting Commission For       Did Not    Management
                                                          Vote
5     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
6     Receive Management Board Report on        None      Did Not    Management
      Company's Operations in Fiscal 2007                 Vote
7     Receive Financial Statements              None      Did Not    Management
                                                          Vote
8     Receive Management Board Report on        None      Did Not    Management
      Group's Operations in Fiscal 2007                   Vote
9     Receive Consolidated Financial Statements None      Did Not    Management
                                                          Vote
10    Receive Management Board's Proposal on    None      Did Not    Management
      Allocation of Income and Dividends                  Vote
11    Receive Supervisory Board Report          None      Did Not    Management
                                                          Vote
12.1  Approve Management Board Report on        For       Did Not    Management
      Company's Operations in Fiscal 2007                 Vote
12.2  Approve Financial Statements              For       Did Not    Management
                                                          Vote
12.3  Approve Management Board Report on        For       Did Not    Management
      Group's Operations in Fiscal 2007                   Vote
12.4  Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
12.5  Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
12.6  Approve Supervisory Board Report          For       Did Not    Management
                                                          Vote
12.7  Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
12.8  Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
13    Close Meeting                             None      Did Not    Management
                                                          Vote

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BANK POLSKA KASA OPIEKI SA (PEKAO)

Ticker:                      Security ID:  X0641X106
Meeting Date: JUL 25, 2007   Meeting Type: Special
Record Date:  JUL 18, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Elect Members of Vote Counting Commission For       For        Management
5     Approve Agenda of Meeting                 For       For        Management
6     Elect Supervisory Board                   For       For        Management
7     Amend Statute Re: Corporate Purpose       For       For        Management
8     Approve Final Edition of Statute          For       For        Management
9     Close Meeting                             None      None       Management

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BIM BIRLESIK MAGAZALAR AS

Ticker:                      Security ID:  M2014F102
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting, Elect Presiding Council,    For       For        Management
      and Authorize Signing of Meeting Minutes
2     Receive Statutory Reports                 None      None       Management
3     Accept Financial Statements               For       For        Management
4     Approve Dividends                         For       For        Management
5     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
6     Elect Directors and Approve Their         For       For        Management
      Remuneration
7     Appoint Internal Statutory Auditors and   For       For        Management
      Approve Their Remuneration
8     Receive Information on Charitable         None      None       Management
      Donations
9     Ratify External Auditors                  For       For        Management
10    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

BIM BIRLESIK MAGAZALAR AS

Ticker:                      Security ID:  M2014F102
Meeting Date: JUN 23, 2008   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       For        Management
      Provide Authorization to Sign Minutes
2     Amend Company Articles                    For       For        Management
3     Close Meeting                             None      None       Management

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CENTRAL EUROPEAN MEDIA ENTERPRISES LTD

Ticker:       CETV           Security ID:  G20045202
Meeting Date: JUN 3, 2008    Meeting Type: Annual
Record Date:  APR 1, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Elect  Director Ronald S. Lauder          For       Withhold   Management
1.2   Elect  Director Herbert A. Granath        For       For        Management
1.3   Elect  Director Michael Garin             For       Withhold   Management
1.4   Elect  Director Charles R. Frank, Jr.     For       For        Management
1.5   Elect  Director Herbert Kloiber           For       Withhold   Management
1.6   Elect  Director Igor Kolomoisky           For       Withhold   Management
1.7   Elect  Director Alfred W. Langer          For       For        Management
1.8   Elect  Director Bruce Maggin              For       For        Management
1.9   Elect  Director Ann Mather                For       For        Management
1.10  Elect  Director Christian Stahl           For       Withhold   Management
1.11  Elect  Director Eric Zinterhofer          For       Withhold   Management
2     THE AMENDMENT OF BYE-LAW 12(3) TO ALLOW   For       For        Management
      THE COMPANY TO HOLD TREASURY SHARES.
3     THE AMENDMENT OF BYE-LAWS 16, 18, 19 AND  For       For        Management
      20 TO CLARIFY THAT SHAREHOLDERS MAY HOLD
      UNCERTIFICATED SHARES AND THAT COMPANY IS
      NOT OBLIGED TO ISSUE PHYSICAL
      CERTIFICATES TO SHAREHOLDERS.
4     THE AMENDMENT OF BYE-LAWS 58(2) AND 88 TO For       Against    Management
      CONFORM THEM TO THE RULES AND REGULATIONS
      PROMULGATED BY THE SECURITIES AND
      EXCHANGE COMMISSION WITH RESPECT TO
      SHAREHOLDER PROPOSALS FOR GENERAL
      MEETINGS AND DIRECTOR NOMINATIONS.
5     AMENDMENT OF BYE-LAWS 160, 161 AND 162 TO For       For        Management
      ALLOW FOR ELECTRONIC DELIVERY OF NOTICES,
      INCLUDING PROXY MATERIALS, TO
      SHAREHOLDERS, ALL AS MORE FULLY DESCRIBED
      IN THE PROXY STATEMENT.
6     THE AMENDMENT OF BYE-LAWS 79, 80 AND 81   For       For        Management
      TO PERMIT THE BOARD OF DIRECTORS TO
      DETERMINE THE FORM OF PROXY.
7     THE AMENDMENT OF BYE-LAW 166 TO REMOVE    For       For        Management
      THE PROVISION WITH RESPECT TO THE
      INDEMNIFICATION OF THE INDEPENDENT
      AUDITOR AND TO ADD PROVISION TO PERMIT
      COMPANY TO ADVANCE DEFENSE COSTS.
8     THE RECEIPT OF THE FINANCIAL STATEMENTS   For       For        Management
      OF THE COMPANY AND THE AUDITORS  REPORT
      THEREON FOR THE COMPANY S FISCAL YEAR.
9     THE APPOINTMENT OF DELOITTE & TOUCHE LLP  For       For        Management
      AS THE INDEPENDENT REGISTERED PUBLIC
      ACCOUNTING FIRM OF THE COMPANY IN RESPECT
      OF THE FISCAL YEAR ENDING DECEMBER 31,
      2008 AND THE AUTHORIZATION OF THE BOARD
      OF DIRECTORS, ACTING THROUGH THE AUDIT
      COMMITTEE.

--------------------------------------------------------------------------------

CEZ A.S.

Ticker:       BAACEZ         Security ID:  X2337V121
Meeting Date: MAY 21, 2008   Meeting Type: Annual
Record Date:  MAY 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting; Elect Chairman and Other    For       For        Management
      Meeting Officials
2     Approve Report on Company's Operations in For       For        Management
      Fiscal 2007
3     Approve Supervisory Board Report          For       For        Management
4     Approve Financial Statements              For       For        Management
5     Approve Allocation of Income and          For       For        Management
      Dividends
6     Amend Articles of Association Re:         For       For        Management
      Corporate Purpose, General Meeting,
      Supervisory Board, Management, Other
      Amendments
7     Authorize Reduction in Share Capital      For       For        Management
8     Authorize Share Repurchase Program        For       For        Management
9     Determine Size of Donation Fund           For       For        Management
10    Approve Changes to Company's Strategy     For       For        Management
11    Approve Cooptation of Supervisory Board   For       For        Management
      Member, Recall Supervisory Board Members;
      Elect New Supervisory Board Members
12    Approve Contracts of Supervisory Board    For       For        Management
      Members
13    Amend Stock Option Plan                   For       Against    Management
14    Amend Terms of Life Insurance for Members For       For        Management
      of Company's Bodies
15    Close Meeting                             None      None       Management

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COMSTAR UNITED TELESYSTEMS

Ticker:                      Security ID:  47972P208
Meeting Date: SEP 4, 2007    Meeting Type: Special
Record Date:  JUN 29, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     EARLY TERMINATION OF POWERS OF THE        For       For        Management
      MEMBERS OF JSC COMSTAR-UTS BOARD MEMBERS.
2     ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: ABUGOV, ANTON VLADIMIROVICH
3     ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: AKIMENKO, ANATOLY
      DMITRIYEVICH
4     ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: VASIN, VLADISLAV SERGEYEVICH
5     ELECTION OF THE MEMBER OF THE BOARD OF    None      For        Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: KUHNT, DIETMAR
6     ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: KURMASHOV, SHAMIL
      RAVILYEVICH
7     ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: PRIDANTSEV, SERGEY
      VLADIMIROVICH
8     ELECTION OF THE MEMBER OF THE BOARD OF    None      For        Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: REDLING, YNGVE
9     ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: UVAKIN, VLADIMIR
      MIKHAILOVICH
10    ELECTION OF THE MEMBER OF THE BOARD OF    None      Abstain    Management
      DIRECTORS OF JSC COMSTAR-UNITED
      TELESYSTEMS: USTINOV, DMITRY
      VLADIMIROVICH
11    EARLY TERMINATION OF POWERS OF THE        For       For        Management
      MEMBERS OF JSC COMSTAR-UTS AUDIT
      COMMISSION MEMBERS.
12    ELECTION OF JSC COMSTAR-UTS AUDIT         For       For        Management
      COMMISSION MEMBER: MOTALOVA NATALYA
      VLADIMIROVNA
13    ELECTION OF JSC COMSTAR-UTS AUDIT         For       For        Management
      COMMISSION MEMBERS: PLATOSHIN VASSILY
      VASSILYEVICH
14    ELECTION OF JSC COMSTAR-UTS AUDIT         For       For        Management
      COMMISSION MEMBERS: POTAPENKO IGOR
      ALEXANDROVICH

--------------------------------------------------------------------------------

COMSTAR UNITED TELESYSTEMS

Ticker:                      Security ID:  47972P208
Meeting Date: DEC 24, 2007   Meeting Type: Special
Record Date:  NOV 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     RESTRUCTURE JSC COMSTAR-UTS BY WAY OF     For       For        Management
      AFFILIATION OF CJSC SOCHITELECOMSERVICE
      TO JSC COMSTAR-UTS. APPROVE AGREEMENT ON
      CJSC SOCHITELECOMSERVICE AFFILIATION TO
      JSC COMSTAR-UTS.
2     RESTRUCTURE JSC COMSTAR-UTS BY WAY OF     For       For        Management
      AFFILIATION OF CJSC PORT TELECOM TO JSC
      COMSTAR-UTS. APPROVE AGREEMENT ON CJSC
      PORT TELECOM AFFILIATION TO JSC
      COMSTAR-UTS.
3     AMEND JSC COMSTAR-UTS CHARTER IN TERMS OF For       For        Management
      INCORPORATION IN JSC COMSTAR-UTS CHARTER
      OF THE INFORMATION ON LEGAL SUCCESSION OF
      JSC COMSTAR-UTS IN RESPECT OF ALL RIGHTS
      AND LIABILITIES OF CJSC
      SOCHITELECOMSERVICE.
4     APPROVE THE BYLAWS ON REMUNERATION        For       For        Management
      PAYABLE TO THE MEMBERS OF JSC COMSTAR-UTS
      BOARD OF DIRECTORS.

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COMSTAR UNITED TELESYSTEMS

Ticker:                      Security ID:  47972P208
Meeting Date: APR 14, 2008   Meeting Type: Annual
Record Date:  JAN 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     FUNCTIONS OF THE CHAIRMAN OF THE GENERAL  For       Did Not    Shareholder
      MEETING OF JSC COMSTAR- UTS SHAREHOLDERS            Vote
      SHALL BE PERFORMED BY THE CHAIRMAN OF THE
      BOARD OF DIRECTORS OF THE COMPANY.
2     FUNCTIONS OF THE SECRETARY OF THE GENERAL For       Did Not    Shareholder
      MEETING OF JSC COMSTAR-UTS, ALL AS MORE             Vote
      FULLY DESCRIBED IN THE PROXY STATEMENT.
3     EARLY TERMINATION OF POWERS OF THE        For       Did Not    Shareholder
      MEMBERS OF JSC COMSTAR- UTS BOARD                  Vote
      MEMBERS.
4     Elect Anatoly Akimenko via Cumulative     For       Did Not    Shareholder
      Voting                                              Vote
5     Elect Anna Goldin via Cumulative Voting   For       Did Not    Shareholder
                                                          Vote
6     Elect Sergey Drozdov via Cumulative       For       Did Not    Shareholder
      Voting                                              Vote
7     Elect Dietmar Kuhnt via Cumulative Voting For       Did Not    Shareholder
                                                          Vote
8     Elect Andrey Matyuhov via Cumulative      For       Did Not    Shareholder
      Voting                                              Vote
9     Elect Sergey Pridantsev via Cumulative    For       Did Not    Shareholder
      Voting                                              Vote
10    Elect Yngve Redling via Cumulative Voting For       Did Not    Shareholder
                                                          Vote
11    Elect Vitaly Saveliev via Cumulative      For       Did Not    Shareholder
      Voting                                              Vote
12    Elect Dmitry Ustinov via Cumulative       For       Did Not    Shareholder
      Voting                                              Vote

--------------------------------------------------------------------------------

COMSTAR UNITED TELESYSTEMS

Ticker:                      Security ID:  47972P208
Meeting Date: JUN 30, 2008   Meeting Type: Written Consent
Record Date:  MAY 27, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report and Financial       For       For        Management
      Statements
2     Approve Allocation of Income              For       For        Management
3     Approve Dividends of RUB 0.15 per Common  For       For        Management
      Share
4.1   Elect Anatoly Akimenko as Director        None      Against    Management
4.2   Elect Anna Goldin as Director             None      Against    Management
4.3   Elect Jan Dauman as Director              None      Against    Management
4.4   Elect Sergey Drozdov as Director          None      Against    Management
4.5   Elect Andrey Matyukhov as Director        None      Against    Management
4.6   Elect Sergey Pridantsev as Director       None      Against    Management
4.7   Elect Yngve Redling as Director           None      For        Management
4.8   Elect Vitaly Savelyev as Director         None      Against    Management
4.9   Elect Dmitry Ustinov as Director          None      Against    Management
5.1   Elect Igor Potapenko to Audit Commission  For       For        Management
5.2   Elect Natalya Motalova to Audit           For       For        Management
      Commission
5.3   Elect Vasily Platoshin to Audit           For       For        Management
      Commission
6     Ratify CJSC Deloitte and Touche CIS as    For       For        Management
      Auditor
7     Amend Stock Option Plan                   For       Against    Management
8     Amend Charter                             For       For        Management

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EFES BREWERIES INTERNATIONAL N.V.

Ticker:                      Security ID:  26843E204
Meeting Date: MAY 9, 2008    Meeting Type: Annual
Record Date:  APR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Receive Report of Management Board        None      None       Management
      (Non-Voting)
3     Discuss and Adopt 2007 Annual Accounts    None      None       Management
4     Approve Allocation of Income              For       For        Management
5     Approve Discharge of (Former) Management  For       For        Management
      Board Members
6     Approve Discharge of Supervisory Board    For       For        Management
7     Amend Articles Re: Increase Size of       For       For        Management
      Supervisory Board to Six Members
8     Reelect David Logan to Supervisory Board  For       For        Management
9     Elect Michel Naquet-Radiguet to           For       For        Management
      Supervisory Board
10    Approve Remuneration of Supervisory Board For       Against    Management
11    Accept Resignation of Hursit Zorlu as a   For       For        Management
      Management Board Member (Non-contentious)
12    Reelect Demir Sarman to Management Board  For       For        Management
13    Elect Can Caka to Management Board        For       For        Management
14    Elect Orhun Koestem to Management Board   For       For        Management
15    Elect Goekce Yanasmayan to Management     For       For        Management
      Board
16    Ratify Auditors                           For       For        Management
17    Amend Articles                            For       For        Management
18    Grant Board Authority to Issue Shares and For       Against    Management
      Restrict/Exclude Preemptive Rights
19    Close Meeting                             None      None       Management

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ENKA INSAAT VE SANAYI A.S.

Ticker:                      Security ID:  M4055T108
Meeting Date: SEP 21, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Approve Amendments to Articles of         For       For        Management
      Association as Approved by Authorities
4     Wishes                                    None      None       Management

--------------------------------------------------------------------------------

ENKA INSAAT VE SANAYI A.S.

Ticker:                      Security ID:  M4055T108
Meeting Date: APR 16, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Receive Financial Statements and          None      None       Management
      Statutory Reports
4     Receive External Audit Report             None      None       Management
5     Receive Information on Charitable         None      None       Management
      Donations
6     Approve Financial Statements and          For       For        Management
      Discharge of Board and Auditors
7     Elect Directors                           For       For        Management
8     Appoint Internal Auditors                 For       For        Management
9     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
10    Approve Allocation of Income              For       For        Management
11    Receive Information on Profit             None      None       Management
      Distribution Policy
12    Ratify External Auditors                  For       For        Management
13    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
14    Close Meeting                             None      None       Management

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EVRAZ GROUP S A

Ticker:       EVGPF          Security ID:  30050A202
Meeting Date: DEC 19, 2007   Meeting Type: Special
Record Date:  NOV 19, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Authorize the Board of Directors to       For       For        Management
      Appoint the CEO Without Prior
      Authorization of the Shareholders; Amend
      the First Paragraph of Art. 11
      Accordingly
2     Modify the Date of the Annual Meeting;    For       For        Management
      Amend Art. 15 Accordingly
3     Transact Other Business (Voting)          For       Against    Management

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EVRAZ GROUP S A

Ticker:       EVGPF          Security ID:  30050A202
Meeting Date: MAY 15, 2008   Meeting Type: Annual
Record Date:  APR 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Reports of the Board of Directors For       For        Management
      and of the Statutory Auditor for the Year
      Ending on Dec. 31, 2007
1.2   Accept Financial Statements               For       For        Management
2.1   Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Approve Reports of the Board of Directors For       For        Management
      and of the External Auditor on the
      Consolidated Financial Statements on Dec.
      31, 2007
3.2   Accept Consolidated Financial Statements  For       For        Management
      for the Years Ending on Dec. 31, 2007
4     Approve Discharge of Directors and        For       For        Management
      Auditors
5     Amend Articles 6: Increase Number of      For       For        Management
      Directors
6.1.a Elect Alexander Abramov, Otari Arshba,    For       For        Management
      Gennady Bogolyubov, James W. Campbell,
      Philippe Delaunois, Alexander Frolov,
      Olga Pokrovskaya, Terry J. Robinson,
      Eugene Schvidler, Eugene Tenenbaum as
      Directors (Bundled)
6.1.b Ratify Alexandra Trunova as Statutory     For       For        Management
      Auditors
6.1.c Ratify ERNST & YOUNG as External Auditors For       For        Management
6.2   Approve Remuneration of Directors         For       For        Management
6.3   Approve Remuneration of Alexander V.      For       Against    Management
      Frolov as Chairman of the Board and as
      CEO
6.4   Authorize Board to Ratify and Execute     For       For        Management
      Approved Resolutions

--------------------------------------------------------------------------------

FORD OTOMOTIV SANAYI AS (FORMERLY OTOSAN OTOMOBIL)

Ticker:                      Security ID:  M7608S105
Meeting Date: OCT 2, 2007    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Approve Special Dividend                  For       For        Management
3     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting

--------------------------------------------------------------------------------

FORD OTOMOTIV SANAYI AS (FORMERLY OTOSAN OTOMOBIL)

Ticker:                      Security ID:  M7608S105
Meeting Date: APR 2, 2008    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Accept Financial Statements and Statutory For       For        Management
      Reports
3     Ratify Director Appointments              For       For        Management
4     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
5     Approve Allocation of Income              For       For        Management
6     Elect Directors                           For       For        Management
7     Appoint Internal Statutory Auditors       For       For        Management
8     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
9     Receive Information on Charitable         None      None       Management
      Donations
10    Approve Dividends                         For       For        Management
11    Receive Information on Profit             None      None       Management
      Distribution Policy
12    Ratify External Auditors                  For       For        Management
13    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
14    Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
15    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

GAZPROM OAO

Ticker:                      Security ID:  X7204C106
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Approve Dividends of RUB 2.66 per Share   For       For        Management
5     Ratify CJSC PricewaterhouseCoopers Audit  For       For        Management
      as Auditor
6     Approve Remuneration of Directors and     For       Against    Management
      Members of Audit Commission
7     Amend Charter                             For       For        Management
8     Amend Regulations on General Meetings     For       For        Management
9     Amend Regulations on Board of Directors   For       For        Management
10    Amend Regulations on Management           For       For        Management
11    Determine Price for Services to Be        For       For        Management
      Rendered to Company Pursuant to Agreement
      on Insuring Liability of Directors and
      Management
12.1  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Transfer of Credit Funds
12.2  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank of Russia Re: Agreement on
      Transfer of Credit Funds
12.3  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on Using
      Electronic Pyaments System
12.4  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank Re: Agreement on Using
      Electronic Payments System
12.5  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on Foreign
      Currency Purchase
12.6  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Guarantees to Tax Authorities
12.7  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank Re: Agreement on Guarantees
      to Tax Authorities
12.8  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Guarantees to Tax Authorities
12.9  Approve Related-Party Transactions with   For       For        Management
      OJSC Beltransgaz Re: Agreement on
      Temporary Possession and Use of
      Facilities of Yamal-Europe Trunk Gas
      Pipeline
12.10 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromregiongaz Re: Agreement on
      Temporary Possession and Use of Property
      Complex of Gas Distribution System
12.11 Approve Related-Party Transactions with   For       For        Management
      Gazkomplektimpeks LLC Re: Agreement on
      Temporary Possession and Use of
      Facilities of Methanol Pipeline
12.12 Approve Related-Party Transactions with   For       For        Management
      CJSC Stimul Re: Agreement on Temporary
      Possession and Use of Wells and Downhole
12.13 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromtrubinvest Re: Agreement on
      Temporary Possession and Use of Building
      and Equipment of Tubing and Casing
      Manufacturing Facility
12.14 Approve Related-Party Transactions with   For       For        Management
      OJSC Lazurnaya Re: Agreement on Temporary
      Possession and Use of Property
12.15 Approve Related-Party Transactions with   For       For        Management
      OJSC Tsentrenergaz Re: Agreement on
      Temporary Possession and Use of Building
      and Equipment
12.16 Approve Related-Party Transactions with   For       For        Management
      Gazpromtrans LLC Re: Agreement on
      Temporary Possession and Use of
      Inftrastructure of Railway Stations
12.17 Approve Related-Party Transactions with   For       For        Management
      OJSC Tsentrgaz Re: Agreement on Temporary
      Possession and Use of Sports Complex
12.18 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Temporary
      Possession and Use of Experimental
      Gas-Using Equipment
12.19 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Temporary Possession and Use of
      Non-Residential Premises
12.20 Approve Related-Party Transactions with   For       For        Management
      OJSC Salavatnefteorgsintez Re: Agreement
      on Temporary Possession and Use of Gas
      Condensate Pipeline
12.21 Approve Related-Party Transactions with   For       For        Management
      OJSC Vostokgazprom Re: Agreement on
      Temporary Possession and Use of
      Special-Purpose Communications
      Installation
12.22 Approve Related-Party Transactions with   For       For        Management
      Gazprom Export LLC Re: Agreement on
      Temporary Possession and Use of
      Special-Purpose Communications
12.23 Approve Related-Party Transactions with   For       For        Management
      CJSC Gaztelecom Re: Agreement on
      Temporary Possession and Use of
      Communications Facilities
12.24 Approve Related-Party Transactions with   For       For        Management
      CJSC Gaztelecom Re: Agreement on
      Temporary Possession and Use of
      Communications Facilities
12.25 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Obligations to Pay Customs Payments
12.26 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Delivery of Gas
12.27 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Accepting Purchase of Gas from
      Independent Entities
12.28 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on Gas
      Sale to Gazprom
12.29 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Accepting Gas Purchased from Independent
      Entities
12.30 Approve Related-Party Transactions with   For       For        Management
      CJSC Northgas Re: Agreement on Accepting
      Gas Deliveries
12.31 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Delivery of
      Gas
12.32 Approve Related-Party Transactions with   For       For        Management
      OJSC Severneftegazprom Re: Agreement on
      Accepting Gas Deliveries
12.33 Approve Related-Party Transactions with   For       For        Management
      OJSC Tomskgazprom Re: Agreement on
      Arranging Transportation of Gas
12.34 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Arranging Transportation of Gas
12.35 Approve Related-Party Transactions with   For       For        Management
      OJSC GazpromNeft Re: Agreement on
      Arranging Transportation of Gas
12.36 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Arranging
      Transportation of Gas
12.37 Approve Related-Party Transactions with   For       For        Management
      OJSC Sibur Re: Agreement on Arranging
      Transportation of Gas
12.38 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Arranging
      Injection and Storage in Underground Gas
      Storage Facilities
12.39 Approve Related-Party Transactions with   For       For        Management
      Latvijas Gaze AS Re: Agreement on Sale of
      Gas
12.40 Approve Related-Party Transactions with   For       For        Management
      AB Lietuvos Dujos Re: Agreement on Sale
      of Gas
12.41 Approve Related-Party Transactions with   For       For        Management
      UAB Kauno Termofikacijos Elektrine Re:
      Agreement on Sale of Gas
12.42 Approve Related-Party Transactions with   For       For        Management
      MoldovaGaz SA Re: Agreement on
      Transportation of Gas in Transit Mode
12.43 Approve Related-Party Transactions with   For       For        Management
      MoldovaGaz SA Re: Agreement on
      Transportation of Gas in Transit Mode
12.44 Approve Related-Party Transactions with   For       For        Management
      KazRosGaz LLP Re: Agreement on Purchase
      of Gas
12.45 Approve Related-Party Transactions with   For       For        Management
      KazRosGaz LLP Re: Agreement on
      Transportation Across Russia
12.46 Approve Related-Party Transactions with   For       For        Management
      OJSC Beltransgaz Re: Agreement on Sale of
      Gas
12.47 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromtrubinvest Re: Agreement on
      Start-Up and Commissioning Work
12.48 Approve Related-Party Transactions with   For       For        Management
      CJSC Gazpromstroyinzhiniring Re:
      Agreement on Start-Up and Commissioning
      Work
12.49 Approve Related-Party Transactions with   For       For        Management
      CJSC Yamalgazinvest Re: Agreement on
      Start-Up and Commissioning Work
12.50 Approve Related-Party Transactions with   For       For        Management
      OJSC Sogaz Re: Agreement on Payment of
      Insurance Compensation
12.51 Approve Related-Party Transactions with   For       For        Management
      OJSC Sogaz Re: Agreement on Payment of
      Insurance
12.52 Approve Related-Party Transactions with   For       For        Management
      OJSC Vostokgazprom Re: Agreeement on
      Arranging Stocktaking of Property
12.53 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.54 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.55 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.56 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies for OJSC Gazprom
12.57 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.58 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.59 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.60 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for Gazprom
12.61 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.62 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.63 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Research Work for Gazprom
12.64 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.65 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Pre-Investment Studies
12.66 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Research Work for OJSC Gazprom
12.67 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Research Work for OJSC Gazprom
12.68 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Pre-Investment Studies
12.69 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Pre-Investment Studies
12.70 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Research Work for OJSC Gazprom
12.71 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Pre-Investment Studies
12.72 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Research Work for OJSC Gazprom
12.73 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Research Work for OJSC Gazprom
12.74 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
12.75 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
12.76 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom

--------------------------------------------------------------------------------

GAZPROM OAO

Ticker:       OGZRY          Security ID:  368287207
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Approve Dividends of RUB 2.66 per Share   For       For        Management
5     Ratify CJSC PricewaterhouseCoopers Audit  For       For        Management
      as Auditor
6     Approve Remuneration of Directors and     For       Against    Management
      Members of Audit Commission
7     Amend Charter                             For       For        Management
8     Amend Regulations on General Meetings     For       For        Management
9     Amend Regulations on Board of Directors   For       For        Management
10    Amend Regulations on Management           For       For        Management
11    Determine Price for Services to Be        For       For        Management
      Rendered to Company Pursuant to Agreement
      on Insuring Liability of Directors and
      Management
12.1  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Transfer of Credit Funds
12.2  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank of Russia Re: Agreement on
      Transfer of Credit Funds
12.3  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on Using
      Electronic Pyaments System
12.4  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank Re: Agreement on Using
      Electronic Payments System
12.5  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on Foreign
      Currency Purchase
12.6  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Guarantees to Tax Authorities
12.7  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank Re: Agreement on Guarantees
      to Tax Authorities
12.8  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Guarantees to Tax Authorities
12.9  Approve Related-Party Transactions with   For       For        Management
      OJSC Beltransgaz Re: Agreement on
      Temporary Possession and Use of
      Facilities of Yamal-Europe Trunk Gas
      Pipeline
12.10 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromregiongaz Re: Agreement on
      Temporary Possession and Use of Property
      Complex of Gas Distribution System
12.11 Approve Related-Party Transactions with   For       For        Management
      Gazkomplektimpeks LLC Re: Agreement on
      Temporary Possession and Use of
      Facilities of Methanol Pipeline
12.12 Approve Related-Party Transactions with   For       For        Management
      CJSC Stimul Re: Agreement on Temporary
      Possession and Use of Wells and Downhole
12.13 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromtrubinvest Re: Agreement on
      Temporary Possession and Use of Building
      and Equipment of Tubing and Casing
      Manufacturing Facility
12.14 Approve Related-Party Transactions with   For       For        Management
      OJSC Lazurnaya Re: Agreement on Temporary
      Possession and Use of Property
12.15 Approve Related-Party Transactions with   For       For        Management
      OJSC Tsentrenergaz Re: Agreement on
      Temporary Possession and Use of Building
      and Equipment
12.16 Approve Related-Party Transactions with   For       For        Management
      Gazpromtrans LLC Re: Agreement on
      Temporary Possession and Use of
      Inftrastructure of Railway Stations
12.17 Approve Related-Party Transactions with   For       For        Management
      OJSC Tsentrgaz Re: Agreement on Temporary
      Possession and Use of Sports Complex
12.18 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Temporary
      Possession and Use of Experimental
      Gas-Using Equipment
12.19 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Temporary Possession and Use of
      Non-Residential Premises
12.20 Approve Related-Party Transactions with   For       For        Management
      OJSC Salavatnefteorgsintez Re: Agreement
      on Temporary Possession and Use of Gas
      Condensate Pipeline
12.21 Approve Related-Party Transactions with   For       For        Management
      OJSC Vostokgazprom Re: Agreement on
      Temporary Possession and Use of
      Special-Purpose Communications
      Installation
12.22 Approve Related-Party Transactions with   For       For        Management
      Gazprom Export LLC Re: Agreement on
      Temporary Possession and Use of
      Special-Purpose Communications
12.23 Approve Related-Party Transactions with   For       For        Management
      CJSC Gaztelecom Re: Agreement on
      Temporary Possession and Use of
      Communications Facilities
12.24 Approve Related-Party Transactions with   For       For        Management
      CJSC Gaztelecom Re: Agreement on
      Temporary Possession and Use of
      Communications Facilities
12.25 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Obligations to Pay Customs Payments
12.26 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Delivery of Gas
12.27 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Accepting Purchase of Gas from
      Independent Entities
12.28 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on Gas
      Sale to Gazprom
12.29 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Accepting Gas Purchased from Independent
      Entities
12.30 Approve Related-Party Transactions with   For       For        Management
      CJSC Northgas Re: Agreement on Accepting
      Gas Deliveries
12.31 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Delivery of
      Gas
12.32 Approve Related-Party Transactions with   For       For        Management
      OJSC Severneftegazprom Re: Agreement on
      Accepting Gas Deliveries
12.33 Approve Related-Party Transactions with   For       For        Management
      OJSC Tomskgazprom Re: Agreement on
      Arranging Transportation of Gas
12.34 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Arranging Transportation of Gas
12.35 Approve Related-Party Transactions with   For       For        Management
      OJSC GazpromNeft Re: Agreement on
      Arranging Transportation of Gas
12.36 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Arranging
      Transportation of Gas
12.37 Approve Related-Party Transactions with   For       For        Management
      OJSC Sibur Re: Agreement on Arranging
      Transportation of Gas
12.38 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Arranging
      Injection and Storage in Underground Gas
      Storage Facilities
12.39 Approve Related-Party Transactions with   For       For        Management
      Latvijas Gaze AS Re: Agreement on Sale of
      Gas
12.40 Approve Related-Party Transactions with   For       For        Management
      AB Lietuvos Dujos Re: Agreement on Sale
      of Gas
12.41 Approve Related-Party Transactions with   For       For        Management
      UAB Kauno Termofikacijos Elektrine Re:
      Agreement on Sale of Gas
12.42 Approve Related-Party Transactions with   For       For        Management
      MoldovaGaz SA Re: Agreement on
      Transportation of Gas in Transit Mode
12.43 Approve Related-Party Transactions with   For       For        Management
      MoldovaGaz SA Re: Agreement on
      Transportation of Gas in Transit Mode
12.44 Approve Related-Party Transactions with   For       For        Management
      KazRosGaz LLP Re: Agreement on Purchase
      of Gas
12.45 Approve Related-Party Transactions with   For       For        Management
      KazRosGaz LLP Re: Agreement on
      Transportation Across Russia
12.46 Approve Related-Party Transactions with   For       For        Management
      OJSC Beltransgaz Re: Agreement on Sale of
      Gas
12.47 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromtrubinvest Re: Agreement on
      Start-Up and Commissioning Work
12.48 Approve Related-Party Transactions with   For       For        Management
      CJSC Gazpromstroyinzhiniring Re:
      Agreement on Start-Up and Commissioning
      Work
12.49 Approve Related-Party Transactions with   For       For        Management
      CJSC Yamalgazinvest Re: Agreement on
      Start-Up and Commissioning Work
12.50 Approve Related-Party Transactions with   For       For        Management
      OJSC Sogaz Re: Agreement on Payment of
      Insurance Compensation
12.51 Approve Related-Party Transactions with   For       For        Management
      OJSC Sogaz Re: Agreement on Payment of
      Insurance
12.52 Approve Related-Party Transactions with   For       For        Management
      OJSC Vostokgazprom Re: Agreeement on
      Arranging Stocktaking of Property
12.53 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.54 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.55 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.56 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies for OJSC Gazprom
12.57 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.58 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.59 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.60 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for Gazprom
12.61 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.62 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.63 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Research Work for Gazprom
12.64 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.65 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Pre-Investment Studies
12.66 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Research Work for OJSC Gazprom
12.67 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Research Work for OJSC Gazprom
12.68 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Pre-Investment Studies
12.69 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Pre-Investment Studies
12.70 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Research Work for OJSC Gazprom
12.71 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Pre-Investment Studies
12.72 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Research Work for OJSC Gazprom
12.73 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Research Work for OJSC Gazprom
12.74 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
12.75 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
12.76 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
13.1  Elect Dmitry Arkhipov as Member of Audit  For       For        Management
      Commission
13.2  Elect Denis Askinadze as Member of Audit  For       For        Management
      Commission
13.3  Elect Vadim Bikulov as Member of Audit    For       For        Management
      Commission
13.4  Elect Rafael Ishutin as Member of Audit   For       For        Management
      Commission
13.5  Elect Andrey Kobzev as Member of Audit    For       For        Management
      Commission
13.6  Elect Nina Lobanova as Member of Audit    For       For        Management
      Commission
13.7  Elect Dmitry Logunov as Member of Audit   For       Did Not    Management
      Commission                                          Vote
13.8  Elect Svetlana Mikhailova as Member of    For       Did Not    Management
      Audit Commission                                    Vote
13.9  Elect Yury Nosov as Member of Audit       For       Did Not    Management
      Commission                                          Vote
13.10 Elect Victoria Oseledko as Member of      For       For        Management
      Audit Commission
13.11 Elect Andrey Fomin as Member of Audit     For       For        Management
      Commission
13.12 Elect Yury Shubin as Member of Audit      For       Did Not    Management
      Commission                                          Vote

--------------------------------------------------------------------------------

GAZPROM OAO

Ticker:       OGZRY          Security ID:  368287207
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Approve Dividends of RUB 2.66 per Share   For       For        Management
5     Ratify CJSC PricewaterhouseCoopers Audit  For       For        Management
      as Auditor
6     Approve Remuneration of Directors and     For       Against    Management
      Members of Audit Commission
7     Amend Charter                             For       For        Management
8     Amend Regulations on General Meetings     For       For        Management
9     Amend Regulations on Board of Directors   For       For        Management
10    Amend Regulations on Management           For       For        Management
11    Determine Price for Services to Be        For       For        Management
      Rendered to Company Pursuant to Agreement
      on Insuring Liability of Directors and
      Management
12.1  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Transfer of Credit Funds
12.2  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank of Russia Re: Agreement on
      Transfer of Credit Funds
12.3  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on Using
      Electronic Pyaments System
12.4  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank Re: Agreement on Using
      Electronic Payments System
12.5  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on Foreign
      Currency Purchase
12.6  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Guarantees to Tax Authorities
12.7  Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank Re: Agreement on Guarantees
      to Tax Authorities
12.8  Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Guarantees to Tax Authorities
12.9  Approve Related-Party Transactions with   For       For        Management
      OJSC Beltransgaz Re: Agreement on
      Temporary Possession and Use of
      Facilities of Yamal-Europe Trunk Gas
      Pipeline
12.10 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromregiongaz Re: Agreement on
      Temporary Possession and Use of Property
      Complex of Gas Distribution System
12.11 Approve Related-Party Transactions with   For       For        Management
      Gazkomplektimpeks LLC Re: Agreement on
      Temporary Possession and Use of
      Facilities of Methanol Pipeline
12.12 Approve Related-Party Transactions with   For       For        Management
      CJSC Stimul Re: Agreement on Temporary
      Possession and Use of Wells and Downhole
12.13 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromtrubinvest Re: Agreement on
      Temporary Possession and Use of Building
      and Equipment of Tubing and Casing
      Manufacturing Facility
12.14 Approve Related-Party Transactions with   For       For        Management
      OJSC Lazurnaya Re: Agreement on Temporary
      Possession and Use of Property
12.15 Approve Related-Party Transactions with   For       For        Management
      OJSC Tsentrenergaz Re: Agreement on
      Temporary Possession and Use of Building
      and Equipment
12.16 Approve Related-Party Transactions with   For       For        Management
      Gazpromtrans LLC Re: Agreement on
      Temporary Possession and Use of
      Inftrastructure of Railway Stations
12.17 Approve Related-Party Transactions with   For       For        Management
      OJSC Tsentrgaz Re: Agreement on Temporary
      Possession and Use of Sports Complex
12.18 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Temporary
      Possession and Use of Experimental
      Gas-Using Equipment
12.19 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Temporary Possession and Use of
      Non-Residential Premises
12.20 Approve Related-Party Transactions with   For       For        Management
      OJSC Salavatnefteorgsintez Re: Agreement
      on Temporary Possession and Use of Gas
      Condensate Pipeline
12.21 Approve Related-Party Transactions with   For       For        Management
      OJSC Vostokgazprom Re: Agreement on
      Temporary Possession and Use of
      Special-Purpose Communications
      Installation
12.22 Approve Related-Party Transactions with   For       For        Management
      Gazprom Export LLC Re: Agreement on
      Temporary Possession and Use of
      Special-Purpose Communications
12.23 Approve Related-Party Transactions with   For       For        Management
      CJSC Gaztelecom Re: Agreement on
      Temporary Possession and Use of
      Communications Facilities
12.24 Approve Related-Party Transactions with   For       For        Management
      CJSC Gaztelecom Re: Agreement on
      Temporary Possession and Use of
      Communications Facilities
12.25 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazprombank Re: Agreement on
      Obligations to Pay Customs Payments
12.26 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Delivery of Gas
12.27 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Accepting Purchase of Gas from
      Independent Entities
12.28 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on Gas
      Sale to Gazprom
12.29 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Accepting Gas Purchased from Independent
      Entities
12.30 Approve Related-Party Transactions with   For       For        Management
      CJSC Northgas Re: Agreement on Accepting
      Gas Deliveries
12.31 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Delivery of
      Gas
12.32 Approve Related-Party Transactions with   For       For        Management
      OJSC Severneftegazprom Re: Agreement on
      Accepting Gas Deliveries
12.33 Approve Related-Party Transactions with   For       For        Management
      OJSC Tomskgazprom Re: Agreement on
      Arranging Transportation of Gas
12.34 Approve Related-Party Transactions with   For       For        Management
      Mezhregiongaz LLC Re: Agreement on
      Arranging Transportation of Gas
12.35 Approve Related-Party Transactions with   For       For        Management
      OJSC GazpromNeft Re: Agreement on
      Arranging Transportation of Gas
12.36 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Arranging
      Transportation of Gas
12.37 Approve Related-Party Transactions with   For       For        Management
      OJSC Sibur Re: Agreement on Arranging
      Transportation of Gas
12.38 Approve Related-Party Transactions with   For       For        Management
      OJSC Novatek Re: Agreement on Arranging
      Injection and Storage in Underground Gas
      Storage Facilities
12.39 Approve Related-Party Transactions with   For       For        Management
      Latvijas Gaze AS Re: Agreement on Sale of
      Gas
12.40 Approve Related-Party Transactions with   For       For        Management
      AB Lietuvos Dujos Re: Agreement on Sale
      of Gas
12.41 Approve Related-Party Transactions with   For       For        Management
      UAB Kauno Termofikacijos Elektrine Re:
      Agreement on Sale of Gas
12.42 Approve Related-Party Transactions with   For       For        Management
      MoldovaGaz SA Re: Agreement on
      Transportation of Gas in Transit Mode
12.43 Approve Related-Party Transactions with   For       For        Management
      MoldovaGaz SA Re: Agreement on
      Transportation of Gas in Transit Mode
12.44 Approve Related-Party Transactions with   For       For        Management
      KazRosGaz LLP Re: Agreement on Purchase
      of Gas
12.45 Approve Related-Party Transactions with   For       For        Management
      KazRosGaz LLP Re: Agreement on
      Transportation Across Russia
12.46 Approve Related-Party Transactions with   For       For        Management
      OJSC Beltransgaz Re: Agreement on Sale of
      Gas
12.47 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazpromtrubinvest Re: Agreement on
      Start-Up and Commissioning Work
12.48 Approve Related-Party Transactions with   For       For        Management
      CJSC Gazpromstroyinzhiniring Re:
      Agreement on Start-Up and Commissioning
      Work
12.49 Approve Related-Party Transactions with   For       For        Management
      CJSC Yamalgazinvest Re: Agreement on
      Start-Up and Commissioning Work
12.50 Approve Related-Party Transactions with   For       For        Management
      OJSC Sogaz Re: Agreement on Payment of
      Insurance Compensation
12.51 Approve Related-Party Transactions with   For       For        Management
      OJSC Sogaz Re: Agreement on Payment of
      Insurance
12.52 Approve Related-Party Transactions with   For       For        Management
      OJSC Vostokgazprom Re: Agreeement on
      Arranging Stocktaking of Property
12.53 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.54 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.55 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.56 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies for OJSC Gazprom
12.57 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.58 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.59 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for OJSC Gazprom
12.60 Approve Related-Party Transactions with   For       For        Management
      OJSC Promgaz Re: Agreement on Research
      Work for Gazprom
12.61 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.62 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.63 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Research Work for Gazprom
12.64 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprospetsgaz Re: Agreement on
      Pre-Investment Studies
12.65 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Pre-Investment Studies
12.66 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Research Work for OJSC Gazprom
12.67 Approve Related-Party Transactions with   For       For        Management
      OJSC Giprogaztsentr Re: Agreement on
      Research Work for OJSC Gazprom
12.68 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Pre-Investment Studies
12.69 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Pre-Investment Studies
12.70 Approve Related-Party Transactions with   For       For        Management
      OJSC VNIPIgazdobycha Re: Agreement on
      Research Work for OJSC Gazprom
12.71 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Pre-Investment Studies
12.72 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Research Work for OJSC Gazprom
12.73 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazproektinzhiniring Re: Agreement
      on Research Work for OJSC Gazprom
12.74 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
12.75 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
12.76 Approve Related-Party Transactions with   For       For        Management
      OJSC Gazavtomatika Re: Agreement on
      Research Work for OJSC Gazprom
13.1  Elect Dmitry Arkhipov as Member of Audit  For       For        Management
      Commission
13.2  Elect Denis Askinadze as Member of Audit  For       For        Management
      Commission
13.3  Elect Vadim Bikulov as Member of Audit    For       For        Management
      Commission
13.4  Elect Rafael Ishutin as Member of Audit   For       For        Management
      Commission
13.5  Elect Andrey Kobzev as Member of Audit    For       For        Management
      Commission
13.6  Elect Nina Lobanova as Member of Audit    For       For        Management
      Commission
13.7  Elect Dmitry Logunov as Member of Audit   For       Against    Management
      Commission
13.8  Elect Svetlana Mikhailova as Member of    For       Against    Management
      Audit Commission
13.9  Elect Yury Nosov as Member of Audit       For       Against    Management
      Commission
13.10 Elect Victoria Oseledko as Member of      For       For        Management
      Audit Commission
13.11 Elect Andrey Fomin as Member of Audit     For       For        Management
      Commission
13.12 Elect Yury Shubin as Member of Audit      For       Against    Management
      Commission

--------------------------------------------------------------------------------

GAZPROM OAO

Ticker:                      Security ID:  X7204C106
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
13.1  Elect Andrey Akimov as Director           None      Against    Management
13.2  Elect Alexander Ananenkov as Director     For       Against    Management
13.3  Elect Burkhard Bergmann as Director       None      Against    Management
13.4  Elect Farit Gazizullin as Director        None      Against    Management
13.5  Elect Andrey Dementyev as Director        None      Against    Management
13.6  Elect Victor Zubkov as Director           None      Against    Management
13.7  Elect Elena Karpel as Director            For       Against    Management
13.8  Elect Yury Medvedev as Director           None      Against    Management
13.9  Elect Alexey Miller as Director           For       Against    Management
13.10 Elect Elvira Nabiullina as Director       None      Against    Management
13.11 Elect Victor Nikolaev as Director         None      For        Management
13.12 Elect Alexander Potyomkin as Director     None      For        Management
13.13 Elect Mikhail Sereda as Director          For       Against    Management
13.14 Elect Boris Fedorov as Director           None      Against    Management
13.15 Elect Robert Foresman as Director         None      Against    Management
13.16 Elect Victor Khristenko as Director       None      Against    Management
13.17 Elect Alexander Shokhin as Director       None      For        Management
13.18 Elect Igor Yusufov as Director            None      Against    Management
13.19 Elect Evgeny Yasin as Director            None      For        Management
14.1  Elect Dmitry Arkhipov as Member of Audit  For       For        Management
      Commission
14.2  Elect Denis Askinadze as Member of Audit  For       For        Management
      Commission
14.3  Elect Vadim Bikulov as Member of Audit    For       For        Management
      Commission
14.4  Elect Rafael Ishutin as Member of Audit   For       For        Management
      Commission
14.5  Elect Andrey Kobzev as Member of Audit    For       For        Management
      Commission
14.6  Elect Nina Lobanova as Member of Audit    For       For        Management
      Commission
14.7  Elect Dmitry Logunov as Member of Audit   For       Did Not    Management
      Commission                                          Vote
14.8  Elect Svetlana Mikhailova as Member of    For       Did Not    Management
      Audit Commission                                    Vote
14.9  Elect Yury Nosov as Member of Audit       For       Did Not    Management
      Commission                                          Vote
14.10 Elect Victoria Oseledko as Member of      For       For        Management
      Audit Commission
14.11 Elect Andrey Fomin as Member of Audit     For       For        Management
      Commission
14.12 Elect Yury Shubin as Member of Audit      For       Did Not    Management
      Commission                                          Vote

--------------------------------------------------------------------------------

GAZPROM OAO

Ticker:       OGZRY          Security ID:  368287207
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
13.1  Elect Andrey Akimov as Director           None      Against    Management
13.2  Elect Alexander Ananenkov as Director     For       Against    Management
13.3  Elect Burkhard Bergmann as Director       None      Against    Management
13.4  Elect Farit Gazizullin as Director        None      Against    Management
13.5  Elect Andrey Dementyev as Director        None      Against    Management
13.6  Elect Victor Zubkov as Director           None      Against    Management
13.7  Elect Elena Karpel as Director            For       Against    Management
13.8  Elect Yury Medvedev as Director           None      Against    Management
13.9  Elect Alexey Miller as Director           For       Against    Management
13.10 Elect Elvira Nabiullina as Director       None      Against    Management
13.11 Elect Victor Nikolaev as Director         None      For        Management
13.12 Elect Alexander Potyomkin as Director     None      For        Management
13.13 Elect Mikhail Sereda as Director          For       Against    Management
13.14 Elect Boris Fedorov as Director           None      Against    Management
13.15 Elect Robert Foresman as Director         None      Against    Management
13.16 Elect Victor Khristenko as Director       None      Against    Management
13.17 Elect Alexander Shokhin as Director       None      For        Management
13.18 Elect Igor Yusufov as Director            None      Against    Management
13.19 Elect Evgeny Yasin as Director            None      For        Management

--------------------------------------------------------------------------------

HOLDING COMPANY SIBCEM OJSC

Ticker:                      Security ID:  X3377J101
Meeting Date: FEB 9, 2008    Meeting Type: Special
Record Date:  DEC 28, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Related-Party Transaction Re:     For       Against    Management
      Guarantee Agreement with OJSC ALFA-BANK
      Regarding Loan to LLC Topkinsky Cement
1.2   Approve Related-Party Transaction Re:     For       Against    Management
      Guarantee Agreement with OJSC ALFA-BANK
      Regarding Loan to LLC Krasnoyarsky Cement
1.3   Approve Related-Party Transaction Re:     For       Against    Management
      Guarantee Agreement with OJSC ALFA-BANK
      Regarding Loan to LLC Timluysky Cementny
      Zavod
1.4   Approve Related-Party Transaction Re:     For       Against    Management
      Guarantee Agreement with OJSC ALFA-BANK
      Regarding Loan to LLC Sibirsky Beton
1.5   Approve Related-Party Transaction Re:     For       Against    Management
      Change in Terms of Guarantee Agreement
      with CSJC Societe General Vostok
      Regarding Loan to LLC Krasnoyarky Cement
1.6   Approve Related-Party Transaction Re:     For       Against    Management
      Guarantee Agreement with OJSC Sberbank
      Regarding Loan to LLC Topkinsky Cement
1.7   Approve Related-Party Transaction Re:     For       Against    Management
      Guarantee Agreement with CJSC Guaranty
      Bank Moskva Regarding Loan to LLC
      Krasnoyarsky Cement
2.1   Approve Large-Scale Transaction Re:       For       Against    Management
      Guarantee Agreement Regarding with CJSC
      Raiffaizenbank Regarding Loan to  Yug
      Cement Limited Liability Group
2.2   Approve Large-Scale Transaction Re:       For       Against    Management
      Guarantee Agreement with CJSC KfW IPEX
      Bank Regarding Loan to Yug Cement Limited
      Liability Group

--------------------------------------------------------------------------------

HOLDING COMPANY SIBCEM OJSC

Ticker:                      Security ID:  X3377J101
Meeting Date: MAY 24, 2008   Meeting Type: Special
Record Date:  APR 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Related-Party Transaction with    For       Against    Management
      OOO HSBC Bank Re: Guarantee Agreement for
      Loan to OOO Krasnoyarsky Tsement
2     Approve Related-Party Transaction with    For       Against    Management
      OOO Topinsky Tsement Re: Purchase
      Agreement for Shares of OOO Yashkinsky
      Tsement
3     Approve Related-Party Transaction with    For       Against    Management
      OJSC Sberbank of Russia Re: Loan to OOO
      Topinsky Tsement
4     Approve Large-Scale Transaction with      For       Against    Management
      Ciments Francais and Istanbul Cimento
      Yatirmlari Anonim Sirketi Re: Share
      Purchase Agreement

--------------------------------------------------------------------------------

HURRIYET GAZETECILIK VE MATBAACILIK AS

Ticker:                      Security ID:  M5316N103
Meeting Date: MAY 29, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Accept Financial Statements and Statutory For       For        Management
      Reports
4     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
5     Approve Allocation of Income              For       For        Management
6     Elect Directors                           For       For        Management
7     Appoint Internal Auditors                 For       For        Management
8     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
9     Ratify External Auditors                  For       For        Management
10    Authorize Share Exchanges, Asset Sales or For       Against    Management
      Purchases, Charitable Donations, and
      Third Party Liability Guarantees
11    Authorize Debt Issuance                   For       Against    Management
12    Approve Distribution of Dividend in       For       For        Management
      Advance
13    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
14    Receive Information on Profit             None      None       Management
      Distribution Policy
15    Receive Information on Charitable         None      None       Management
      Donations
16    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

INTEGRA GROUP

Ticker:                      Security ID:  45822B205
Meeting Date: MAR 25, 2008   Meeting Type: Special
Record Date:  FEB 29, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1a    Amend Articles/Bylaws Re: Address Change  For       For        Management
1b    Amend Articles Re: Voting Standards       For       For        Management
1c    Amend Articles Re: Staggered Board of     For       Against    Management
      Directors
1d    Amend Articles Re: Staggered Board of     For       Against    Management
      Directors
1e    Amend Articles Re: Fix Minimum Board Size For       For        Management
      to Seven Directors
1f    Amend Articles Re: Authorize Board to     For       For        Management
      Fill Vacancies
1g    Amend Articles Re: Removal of Directors   For       Against    Management
2a    Elect John Bowler Fitzgibbons as Director For       For        Management
2b    Elect John Kennedy as Director            For       For        Management
2c    Elect Felix Lubashevsky as Director       For       For        Management
2d    Elect Neil Gaskell as Director            For       For        Management
2e    Elect Iosif Bakaleynik as Director        For       For        Management
2f    Elect Mark Sadykhov as Director           For       For        Management
2g    Elect J. Robert Maguire as Director       For       For        Management
3a    Designate Neil Gaskell as Year One        For       For        Management
      Director
3b    Designate John Kennedy as Year One        For       For        Management
      Director

--------------------------------------------------------------------------------

KALINA CONCERN

Ticker:                      Security ID:  X1549N109
Meeting Date: AUG 28, 2007   Meeting Type: Special
Record Date:  JUL 10, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividends of RUB 10.14 Per Share  For       For        Management
      for First Half of Fiscal 2007

--------------------------------------------------------------------------------

KGHM POLSKA MIEDZ S.A.

Ticker:                      Security ID:  X45213109
Meeting Date: JUL 9, 2007    Meeting Type: Special
Record Date:  JUL 2, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Amend May 30, 2007, AGM, Resolution Re:   For       For        Management
      Allocation of Income and Approval of
      Dividends
6     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

KGHM POLSKA MIEDZ S.A.

Ticker:                      Security ID:  X45213109
Meeting Date: OCT 18, 2007   Meeting Type: Special
Record Date:  OCT 10, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5.1   Shareholder Proposal: Recall Supervisory  None      For        Shareholder
      Board Member(s)
5.2   Shareholder Proposal: Elect Supervisory   None      For        Shareholder
      Board Member(s)
6.1   Cancel June 15, 2005, AGM, Resolution Re: For       For        Management
      Settlement of Effects of
      Hyperinflationary Revaluation of Share
      Capital to Be Presented in Group's
      Consolidated Financial Statements
6.2   Decrease Company's Share Capital          For       For        Management
      Presented in Separate Financial
      Statements and Transfer Funds Accumulated
      in Share Capital to Supplemental Capital
7     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

KGHM POLSKA MIEDZ S.A.

Ticker:                      Security ID:  X45213109
Meeting Date: FEB 14, 2008   Meeting Type: Special
Record Date:  FEB 7, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5.1   Shareholder Proposal: Recall Supervisory  None      Against    Shareholder
      Board Member(s)
5.2   Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s)
6     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

KGHM POLSKA MIEDZ S.A.

Ticker:                      Security ID:  X45213109
Meeting Date: JUN 26, 2008   Meeting Type: Annual
Record Date:  JUN 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Receive Management Board Report on        None      None       Management
      Company's Operations in 2007 and
      Financial Statements
6     Receive Management Board's Proposal on    None      None       Management
      Allocation of 2007 Income and Covering of
      Losses from Previous Years
7     Receive Supervisory Board Report Re:      None      None       Management
      Management Board Report, Financial
      Statements, and Management Board's
      Allocation of Income Proposal
8.1   Approve Management Board Report on        For       For        Management
      Company's Operations in Fiscal 2007
8.2   Approve Financial Statements              For       For        Management
8.3   Approve Allocation of Income and          For       For        Management
      Dividends of PLN 9 per Share
8.4   Approve Covering of Losses from Previous  For       For        Management
      Years
9.1a  Approve Discharge of Marek Fusinski       For       For        Management
      (Management Board)
9.1b  Approve Discharge of Stanislaw Kot        For       For        Management
      (Management Board)
9.1c  Approve Discharge of Ireneusz Reszczynski For       For        Management
      (Management Board)
9.1d  Approve Discharge of Dariusz Kaskow       For       For        Management
      (Management Board)
9.1e  Approve Discharge of Maksymilian Bylicki  For       For        Management
      (Management Board)
9.1f  Approve Discharge of Krzysztof Skora      For       For        Management
      (Management Board)
9.2a  Approve Discharge of Adam Laganowski      For       For        Management
      (Supervisory Board)
9.2b  Approve Discharge of Stanislaw Potycz     For       For        Management
      (Supervisory Board)
9.2c  Approve Discharge of Jan Sulmicki         For       For        Management
      (Supervisory Board)
9.2d  Approve Discharge of Marcin Slezak        For       For        Management
      (Supervisory Board)
9.2e  Approve Discharge of Jerzy Zyzynski       For       For        Management
      (Supervisory Board)
9.2f  Approve Discharge of Jozef Czyczerski     For       For        Management
      (Supervisory Board)
9.2g  Approve Discharge of Leszek Hajdacki      For       For        Management
      (Supervisory Board)
9.2h  Approve Discharge of Ryszard Kruk         For       For        Management
      (Supervisory Board)
9.2i  Approve Discharge of Adam Glapinski       For       For        Management
      (Supervisory Board)
9.2j  Approve Discharge of Anna Mank            For       For        Management
      (Supervisory Board)
9.2k  Approve Discharge of Leszek Jakubow       For       For        Management
      (Supervisory Board)
9.2l  Approve Discharge of Remigiusz Nowakowski For       For        Management
      (Supervisory Board)
10    Receive Consolidated Financial Statements None      None       Management
      and Management Board Report on Group's
      Operations in Fiscal 2007
11    Receive Supervisory Board Report Re:      None      None       Management
      Consolidated Financial Statements,
      Management Board Report on Group's
      Operations in Fiscal 2007
12.1  Approve Management Board Report on        For       For        Management
      Group's Operations in Fiscal 2007
12.2  Approve Consolidated Financial Statements For       For        Management
13.1a Acknowledge Proper Election of Employee   For       For        Management
      Representatives to Supervisory Board
13.1b Elect Jozef Czyczerski (Employee          For       For        Management
      Representative) as Supervisory Board
      Member
13.1c Elect Leszek Hajdacki (Employee           For       For        Management
      Representative) as Supervisory Board
      Member
13.1d Elect Ryszard Kurek (Employee             For       For        Management
      Representative) as Supervisory Board
      Member
13.2  Elect Other Supervisory Board Members     For       For        Management
14    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

LSR GROUP

Ticker:                      Security ID:  50218G206
Meeting Date: JUN 26, 2008   Meeting Type: Annual
Record Date:  MAY 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Fix Number of Directors                   For       For        Management
5.1   Elect Igor Levit as Director              None      Against    Management
5.2   Elect Mikhail Romanov as Director         None      Against    Management
5.3   Elect Elena Tumanova as Director          None      Against    Management
5.4   Elect Dmitry Goncharov as Director        None      Against    Management
5.5   Elect Lauri Ratia as Director             None      For        Management
5.6   Elect Sergey Skatershchikov as Director   None      For        Management
5.7   Elect Seppo Juha Remes as Director        None      For        Management
6.1   Elect Dmitry Kutuzov as Member of Audit   For       For        Management
      Commission
6.2   Elect Yury Terentev as Member of Audit    For       For        Management
      Commission
6.3   Elect Dmitry Trenin as Member of Audit    For       For        Management
      Commission
7     Ratify Audit Service Auditor for          For       For        Management
      Financial Statements Prepared According
      to Russian Accounting Standards (RAS)
8     Ratify ZAO KPMG as Auditor for Financial  For       For        Management
      Statements Prepared According to
      International Financial Reporting
      Standards (IFRS)
9     Approve Related-Party Transactions        For       For        Management
10    Elect Igor Levit as General Director      For       For        Management

--------------------------------------------------------------------------------

LUKOIL OAO

Ticker:       LUKOY          Security ID:  677862104
Meeting Date: JUN 26, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income,
      Including Dividends of RUB 42 per
      Ordinary Share
2.1   Elect Vagit Alekperov as Director         None      Against    Management
2.2   Elect Igor Belikov as Director            None      Against    Management
2.3   Elect Donald Evert Wallette as Director   None      Against    Management
2.4   Elect Valery Grayfer as Director          None      Against    Management
2.5   Elect Oleg Kutafin as Director            None      Against    Management
2.6   Elect Andrey Kostin as Director           None      Against    Management
2.7   Elect Ravil Maganov as Director           None      Against    Management
2.8   Elect Richard Matzke as Director          None      For        Management
2.9   Elect Sergey Mikhailov as Director        None      For        Management
2.10  Elect Nikolay Tsvetkov as Director        None      Against    Management
2.11  Elect Igor Sherkunov as Director          None      Against    Management
2.12  Elect Alexander Shokhin as Director       None      For        Management
3.1   Elect Lubov Ivanonva as Member of Audit   For       For        Management
      Commission
3.2   Elect Pavel Kondratyev as Member of Audit For       For        Management
      Commission
3.3   Elect Vladimir Nikitenko as Member of     For       For        Management
      Audit Commission
4     Approve Remuneration of Directors and     For       For        Management
      Members of Audit Commission
5     Ratify CJSC KPMG as Auditor               For       For        Management
6.1   Approve Related-Party Transaction with    For       For        Management
      Naryanmarneftegaz LLC Re: Shareholder
      Loan Agreement
6.2   Approve Related-Party Transaction with    For       For        Management
      OJSC YuGK TGC-8 Re: Provision of Loan
6.3   Approve Related-Party Transaction with    For       For        Management
      OJSC YuGK TGC-8 Re: Receipt of Loan
6.4   Approve Related-Party Transaction with    For       For        Management
      OJSC YuGK TGC-8 Re: Receipt of Loan
6.5   Approve Related-Party Transaction with    For       For        Management
      Kapital Strakhovanie Re: Liability
      Insurance for Directors, Officers, and
      Corporations

--------------------------------------------------------------------------------

MAGYAR TELEKOM  (FRM. MATAV RT)

Ticker:                      Security ID:  X5215H163
Meeting Date: APR 25, 2008   Meeting Type: Annual
Record Date:  APR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Board of Directors' Report on     For       For        Management
      Management of Company, Business Policy,
      Business Operations, and Company's
      Financial Situation
2     Approve Board of Directors' Report on     For       For        Management
      Company's Business Operations in 2006;
      Present Supervisory Board and Auditor
      Reports
3     Approve 2007 Financial Statements,        For       For        Management
      Company's Governance and Management
      Report, and Discharge of Board of
      Directors
4     Approve Allocation of Income              For       For        Management
5     Amend Articles of Association             For       Against    Management
6     Amend Rules of Procedure of Supervisory   For       Against    Management
      Board
7     Elect Members of Board of Directors       For       For        Management
8     Elect Supervisory Board Members           For       For        Management
9     Elect Members of Audit Committee          For       For        Management
10    Ratify Auditor and Approve Auditor's      For       For        Management
      Remuneration
11    Transact Other Business (Voting)          For       Against    Management

--------------------------------------------------------------------------------

MARMARIS MARTI OTEL ISLETMELERI AS

Ticker:                      Security ID:  M6821S108
Meeting Date: OCT 9, 2007    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Meeting Minutes
3     Approve Reports of the Board of Directors For       For        Management
      and of the Auditor
4     Accept Financial Statements and Statutory For       For        Management
      Reports
5     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
6     Approve Director Remuneration             For       For        Management
7     Appoint Directors and Auditors Following  For       For        Management
      End of Mandates
8     Receive Information for 2007 Donations    None      None       Management
9     Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved with Companies
      with Similar Corporate Purpose
10    Wishes                                    None      None       Management

--------------------------------------------------------------------------------

MECHEL STEEL GROUP OAO

Ticker:       MTL            Security ID:  583840103
Meeting Date: MAR 24, 2008   Meeting Type: Special
Record Date:  MAR 3, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Amend Charter                             For       Against    Management
2     Amend Regulations on Board of Directors   For       Against    Management
3     Approve Related-Party Transactions        For       For        Management

--------------------------------------------------------------------------------

MECHEL STEEL GROUP OAO

Ticker:       MTL            Security ID:  583840103
Meeting Date: APR 30, 2008   Meeting Type: Special
Record Date:  APR 2, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Determine Quantity, Par Value, Type and   For       For        Management
      Rights of Company Shares
2     Amend Charter                             For       For        Management

--------------------------------------------------------------------------------

MECHEL STEEL GROUP OAO

Ticker:       MTL            Security ID:  583840103
Meeting Date: JUN 6, 2008    Meeting Type: Special
Record Date:  MAY 20, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Large-Scale Transactions Re:      For       For        Management
      Underwriting Agreement, Issuance of
      Preferred Shares, and Deposit Agreement
2     Approve Related-Party Transaction         For       For        Management

--------------------------------------------------------------------------------

MECHEL STEEL GROUP OAO

Ticker:       MTL            Security ID:  583840103
Meeting Date: JUN 30, 2008   Meeting Type: Annual
Record Date:  JUN 9, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income and          For       For        Management
      Dividends
4.1   Elect A.David Johnson                     None      For        Management
4.2   Elect Alexander E. Yevtushenko            None      For        Management
4.3   Elect Igor V. Zyuzin                      None      Against    Management
4.4   Elect Alexey G. Ivanushkin                None      Against    Management
4.5   Elect Igor S. Kozhuhovsky                 None      Against    Management
4.6   Elect Serafim V. Kolpakov                 None      For        Management
4.7   Elect Vladimir A. Polin                   None      Against    Management
4.8   Elect Valentin V. Proskurnya              None      Against    Management
4.9   Elect Roger I. Gale                       None      For        Management
5.1   Elect Markov Yaroslav Anatolyevich as     For       For        Management
      Member of Audit Commission
5.2   Elect Mikhailova Natalia Grigoryevna as   For       For        Management
      Member of Audit Commission
5.3   Elect Radishevskaya Ludmila Eduardovna as For       For        Management
      Member of Audit Commission
6     Ratify Auditor                            For       For        Management
7     Approve Related-Party Transactions        For       Against    Management

--------------------------------------------------------------------------------

MIGROS TURK TAS

Ticker:                      Security ID:  M7009U105
Meeting Date: APR 29, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
      of Meeting
2     Accept Financial Statements and Statutory For       For        Management
      Reports
3     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
4     Approve Allocation of Income              For       For        Management
5     Receive Information on Profit             None      None       Management
      Distribution Policy
6     Elect Directors                           For       For        Management
7     Appoint Internal Auditors                 For       For        Management
8     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
9     Receive Information on Charitable         None      None       Management
      Donations
10    Ratify External Auditors                  For       For        Management
11    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
12    Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
13    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  46626D108
Meeting Date: OCT 12, 2007   Meeting Type: Special
Record Date:  AUG 9, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Shareholder Proposal: Approve Early       None      Against    Shareholder
      Termination of Powers of Directors
2.1   Shareholder Proposal: Elect Andrei Bugrov None      Against    Shareholder
      as Director
2.2   Shareholder Proposal: Elect Elena         None      Against    Shareholder
      Bulavskaya as Director
2.3   Shareholder Proposal: Elect Vladimir      None      For        Shareholder
      Dolgikh as Director
2.4   Shareholder Proposal: Elect Andrey        None      Against    Shareholder
      Klishas as Director
2.5   Shareholder Proposal: Elect Ralph Morgan  None      Against    Shareholder
      as Director
2.6   Shareholder Proposal: Elect Denis Morozov None      Against    Shareholder
      as Director
2.7   Shareholder Proposal: Elect Kirill        None      Against    Shareholder
      Parinov as Director
2.8   Shareholder Proposal: Elect Mikhail       None      Against    Shareholder
      Prokhorov as Director
2.9   Shareholder Proposal: Elect Dmitry        None      Against    Shareholder
      Razumov as Director
2.10  Shareholder Proposal: Elect Ekaterina     None      Against    Shareholder
      Salnikova as Director
2.11  Shareholder Proposal: Elect Michael       None      Against    Shareholder
      Sosnovski as Director
2.12  Shareholder Proposal: Elect Sergey        None      Against    Shareholder
      Stefanovich as Director
2.13  Shareholder Proposal: Elect Kirill        None      For        Shareholder
      Ugolnikov as Director
2.14  Shareholder Proposal: Elect Heinz         None      For        Shareholder
      Schimmelbusch as Director
2.15  Shareholder Proposal: Elect Guy de        None      For        Shareholder
      Selliers as Director
3     Approve Early Termination of Powers of    For       For        Management
      Audit Commission
4     Elect Members of the Audit Commission:    For       For        Management
      Marina Vdovina, Vadim Meshcheryakov,
      Nikolay Morozov, Olga Rompel, and Olessya
      Firsyk
5     Approve Revised Edition of Regulations on For       For        Management
      General Meetings
6     Approve Membership in National            For       For        Management
      Association of Nickel and Precious Metals
      Producers

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  46626D108
Meeting Date: DEC 14, 2007   Meeting Type: Special
Record Date:  OCT 26, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     REORGANIZATION OF OJSC MMC NORILSK NICKEL For       For        Management
2.1   Elect Yulia Vasilievna Basova as Director None      Against    Management
2.2   Elect Andrei Evgenievich Bougrov as       None      Against    Management
      Director
2.3   Elect Elena Evgenievna  Bulavskaya as     None      Against    Management
      Director
2.4   Elect Aleksandr Nikolaievich Dumnov as    None      For        Management
      Director
2.5   Elect Anton Igorevich Klekovkin as        None      Against    Management
      Director
2.6   Elect Dmitri Ruslanovich  Kostoev as      None      Against    Management
      Director
2.7   Elect Dmitri Aleksandrovich Kuskov as     None      Against    Management
      Director
2.8   Elect Pavel Borisovich Matveev  as        None      Against    Management
      Director
2.9   Elect Aleksei Vasilievich Matvienko as    None      Against    Management
      Director
2.10  Elect Kirill Yurievich Parinov as         None      Against    Management
      Director
2.11  Elect Dmitry Valerievich Razumov as       None      Against    Management
      Director
2.12  Elect Aleksandre Viktorovich Raskatov as  None      Against    Management
      Director
2.13  Elect Yuri Stepanovich Sablukov as        None      Against    Management
      Director
2.14  Elect Ekaterina Mikhailovna Salnikova as  None      Against    Management
      Director
2.15  Elect Michael Aleksandrovich Sosnovski as None      Against    Management
      Director
2.16  Elect Sergei Anatolievich Stefanovich as  None      Against    Management
      Director
2.17  Elect Sergei Afanasievich Tazin as        None      Against    Management
      Director
2.18  Elect David Alexander Herne as Director   None      Against    Management

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  46626D108
Meeting Date: DEC 21, 2007   Meeting Type: Special
Record Date:  NOV 13, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividends of RUB 108 Per Share    For       For        Management
      for First Nine Months of Fiscal 2007

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  X40407102
Meeting Date: APR 8, 2008    Meeting Type: Special
Record Date:  JAN 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Shareholder Proposal: Amend Charter       Against   Against    Shareholder
2     Shareholder Proposal: Approve Early       Against   Against    Shareholder
      Termination of Powers of Board of
      Directors
3.1   Shareholder Proposal: Elect Tye Winston   Against   Against    Shareholder
      Burt as Director
3.2   Shareholder Proposal: Elect Andrey Bugrov For       Against    Shareholder
      as Director
3.3   Shareholder Proposal: Elect Elena         Against   Against    Shareholder
      Bulavskaya as Director
3.4   Shareholder Proposal: Elect Alexander     Against   Against    Shareholder
      Bulygin as Director
3.5   Shareholder Proposal: Elect Victor        Against   Against    Shareholder
      Vekselberg as Director
3.6   Shareholder Proposal: Elect Guy de        For       For        Shareholder
      Selliers de Moranville as Director
3.7   Shareholder Proposal: Elect Oleg          Against   Against    Shareholder
      Deripaska as Director
3.8   Shareholder Proposal: Elect Vladimir      For       Against    Shareholder
      Dolgikh as Director
3.9   Shareholder Proposal: Elect Andrey        For       Against    Shareholder
      Klishas as Director
3.10  Shareholder Proposal: Elect Michael       Against   Against    Shareholder
      Levitt as Director
3.11  Shareholder Proposal: Elect Ralph Morgan  For       Against    Shareholder
      as Director
3.12  Shareholder Proposal: Elect Denis Morozov For       Against    Shareholder
      as Director
3.13  Shareholder Proposal: Elect Kirill        Against   Against    Shareholder
      Parinov as Director
3.14  Shareholder Proposal: Elect Mikhail       Against   Against    Shareholder
      Prokhorov as Director
3.15  Shareholder Proposal: Elect Dmitry        Against   Against    Shareholder
      Razumov as Director
3.16  Shareholder Proposal: Elect Ekaterina     For       Against    Shareholder
      Salnikova as Director
3.17  Shareholder Proposal: Elect Mikhail       Against   Against    Shareholder
      Sosnovky as Director
3.18  Shareholder Proposal: Elect Sergey        Against   Against    Shareholder
      Stefanovich as Director
3.19  Shareholder Proposal: Elect Kirill        For       Against    Shareholder
      Ugolnikov as Director
3.20  Shareholder Proposal: Elect Cristophe     Against   Against    Shareholder
      Charlier as Director
3.21  Shareholder Proposal: Elect Heinz         For       For        Shareholder
      Schimmelbusch as Director

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  46626D108
Meeting Date: APR 8, 2008    Meeting Type: Special
Record Date:  JAN 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Shareholder Proposal: Amend Charter       Against   Against    Shareholder
2     Shareholder Proposal: Approve Early       Against   Against    Shareholder
      Termination of Powers of Board of
      Directors
3.1   Shareholder Proposal: Elect Tye Winston   Against   Against    Shareholder
      Burt as Director
3.2   Shareholder Proposal: Elect Andrey Bugrov For       Against    Shareholder
      as Director
3.3   Shareholder Proposal: Elect Elena         Against   Against    Shareholder
      Bulavskaya as Director
3.4   Shareholder Proposal: Elect Alexander     Against   Against    Shareholder
      Bulygin as Director
3.5   Shareholder Proposal: Elect Victor        Against   Against    Shareholder
      Vekselberg as Director
3.6   Shareholder Proposal: Elect Guy de        For       For        Shareholder
      Selliers de Moranville as Director
3.7   Shareholder Proposal: Elect Oleg          Against   Against    Shareholder
      Deripaska as Director
3.8   Shareholder Proposal: Elect Vladimir      For       Against    Shareholder
      Dolgikh as Director
3.9   Shareholder Proposal: Elect Andrey        For       Against    Shareholder
      Klishas as Director
3.10  Shareholder Proposal: Elect Michael       Against   Against    Shareholder
      Levitt as Director
3.11  Shareholder Proposal: Elect Ralph Morgan  For       Against    Shareholder
      as Director
3.12  Shareholder Proposal: Elect Denis Morozov For       Against    Shareholder
      as Director
3.13  Shareholder Proposal: Elect Kirill        Against   Against    Shareholder
      Parinov as Director
3.14  Shareholder Proposal: Elect Mikhail       Against   Against    Shareholder
      Prokhorov as Director
3.15  Shareholder Proposal: Elect Dmitry        Against   Against    Shareholder
      Razumov as Director
3.16  Shareholder Proposal: Elect Ekaterina     For       Against    Shareholder
      Salnikova as Director
3.17  Shareholder Proposal: Elect Mikhail       Against   Against    Shareholder
      Sosnovky as Director
3.18  Shareholder Proposal: Elect Sergey        Against   Against    Shareholder
      Stefanovich as Director
3.19  Shareholder Proposal: Elect Kirill        For       Against    Shareholder
      Ugolnikov as Director
3.20  Shareholder Proposal: Elect Cristophe     Against   Against    Shareholder
      Charlier as Director
3.21  Shareholder Proposal: Elect Heinz         For       For        Shareholder
      Schimmelbusch as Director

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  X40407102
Meeting Date: JUN 30, 2008   Meeting Type: Annual
Record Date:  MAY 26, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income
2     Approve Dividends of RUB 112 per Ordinary For       For        Management
      Share for Last Three Months of Fiscal
      2007
3.1   Elect Tye Winston Burt as Director        None      Against    Management
3.2   Elect Andrey Bugrov as Director           None      Against    Management
3.3   Elect Alexander Bulygin as Director       None      Against    Management
3.4   Elect Victor Vekselbarg as Director       None      Against    Management
3.5   Elect Guy De Selliers as Director         None      For        Management
3.6   Elect Oleg Deripaska as Director          None      Against    Management
3.7   Elect Andrey Klishas as Director          None      Against    Management
3.8   Elect Michael Levitt as Director          None      Against    Management
3.9   Elect Kirill Parinov as Director          None      Against    Management
3.10  Elect Vladimir Potanin as Director        None      Against    Management
3.11  Elect Mikhail Prokhorov as Director       None      Against    Management
3.12  Elect Kirill Ugolnikov as Director        None      Against    Management
3.13  Elect Heinz Schimmelbusch as Director     None      For        Management
4.1   Elect Marina Vdovina as Member of Audit   For       For        Management
      Commission
4.2   Elect Elena Gavrilova as Member of Audit  For       For        Management
      Commission
4.3   Elect Nikolay Morozov as Member of Audit  For       For        Management
      Commission
4.4   Elect Elena Nazarova as Member of Audit   For       For        Management
      Commission
4.5   Elect Olga Rompel as Member of Audit      For       For        Management
      Commission
5     Ratify Rosekspertiza LLC as Auditor       For       For        Management
6.1   Amend Charter Re: Independence of         For       For        Management
      Candidates to Board of Directors
6.2   Amend Charter Re: General Meetings        For       For        Management
6.3   Amend Charter Re: Increase Board Size to  For       For        Management
      13
6.4   Amend Charter Re: Conduct of Members of   For       For        Management
      Board of Directors
6.5   Amend Charter Re: Meetings of Board of    For       For        Management
      Directors
6.6   Amend Charter Re: Director Independence   For       For        Management
      Criteria
6.7   Amend Charter Re: Board Committees        For       For        Management
6.8   Amend Charter Re: Responsibilities of     For       For        Management
      Board of Directors
6.9   Amend Charter Re: Responsibilities of     For       For        Management
      Board of Directors
6.10  Amend Charter Re: Board of Directors'     For       For        Management
      Authority to Approve Related-Party
      Transactions
6.11  Amend Charter Re: Responsibilities of     For       For        Management
      Management
6.12  Amend Charter Re: Disclosure Practices    For       For        Management
6.13  Amend Charter Re: Significant Corporate   For       For        Management
      Actions
7     Approve New Edition of Regulations on     For       For        Management
      Board of Directors
8.1   Approve Fixed Quarterly Remuneration of   For       For        Management
      Independent Directors in Amount of RUB
      1.25 million
8.2   Approve Stock Option Plan for Independent For       For        Management
      Directors
9     Approve Value of Assets Subject to        For       For        Management
      Compensation of Expenses Agreement with
      Directors and Executives
10    Approve Related-Party Transaction Re:     For       For        Management
      Compensation of Expenses to Directors and
      Executives
11    Approve Price of Liability Insurance for  For       For        Management
      Directors and Executives
12    Approve Related-Party Transactions Re:    For       For        Management
      Liability Insurance for Directors and
      Executives

--------------------------------------------------------------------------------

MMC NORILSK NICKEL

Ticker:                      Security ID:  46626D108
Meeting Date: JUN 30, 2008   Meeting Type: Proxy Contest
Record Date:  MAY 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income
2     Approve Dividends of RUB 112 per Ordinary For       For        Management
      Share for Last Three Months of Fiscal
      2007
3.1   Elect Tye Winston Burt as Director        None      Against    Management
3.2   Elect Andrey Bugrov as Director           None      Against    Management
3.3   Elect Alexander Bulygin as Director       None      Against    Management
3.4   Elect Victor Vekselbarg as Director       None      Against    Management
3.5   Elect Guy De Selliers as Director         None      For        Management
3.6   Elect Oleg Deripaska as Director          None      Against    Management
3.7   Elect Andrey Klishas as Director          None      Against    Management
3.8   Elect Michael Levitt as Director          None      Against    Management
3.9   Elect Kirill Parinov as Director          None      Against    Management
3.10  Elect Vladimir Potanin as Director        None      Against    Management
3.11  Elect Mikhail Prokhorov as Director       None      Against    Management
3.12  Elect Kirill Ugolnikov as Director        None      Against    Management
3.13  Elect Heinz Schimmelbusch as Director     None      For        Management
4.1   Elect Marina Vdovina as Member of Audit   For       For        Management
      Commission
4.2   Elect Elena Gavrilova as Member of Audit  For       For        Management
      Commission
4.3   Elect Nikolay Morozov as Member of Audit  For       For        Management
      Commission
4.4   Elect Elena Nazarova as Member of Audit   For       For        Management
      Commission
4.5   Elect Olga Rompel as Member of Audit      For       For        Management
      Commission
5     Ratify Rosekspertiza LLC as Auditor       For       For        Management
6.1   Amend Charter Re: Independence of         For       For        Management
      Candidates to Board of Directors
6.2   Amend Charter Re: General Meetings        For       For        Management
6.3   Amend Charter Re: Increase Board Size to  For       For        Management
      13
6.4   Amend Charter Re: Conduct of Members of   For       For        Management
      Board of Directors
6.5   Amend Charter Re: Meetings of Board of    For       For        Management
      Directors
6.6   Amend Charter Re: Director Independence   For       For        Management
      Criteria
6.7   Amend Charter Re: Board Committees        For       For        Management
6.8   Amend Charter Re: Responsibilities of     For       For        Management
      Board of Directors
6.9   Amend Charter Re: Responsibilities of     For       For        Management
      Board of Directors
6.10  Amend Charter Re: Board of Directors'     For       For        Management
      Authority to Approve Related-Party
      Transactions
6.11  Amend Charter Re: Responsibilities of     For       For        Management
      Management
6.12  Amend Charter Re: Disclosure Practices    For       For        Management
6.13  Amend Charter Re: Significant Corporate   For       For        Management
      Actions
7     Approve New Edition of Regulations on     For       For        Management
      Board of Directors
8.1   Approve Fixed Quarterly Remuneration of   For       For        Management
      Independent Directors in Amount of RUB
      1.25 million
8.2   Approve Stock Option Plan for Independent For       For        Management
      Directors
9     Approve Value of Assets Subject to        For       For        Management
      Compensation of Expenses Agreement with
      Directors and Executives
10    Approve Related-Party Transaction Re:     For       For        Management
      Compensation of Expenses to Directors and
      Executives
11    Approve Price of Liability Insurance for  For       For        Management
      Directors and Executives
12    Approve Related-Party Transactions Re:    For       For        Management
      Liability Insurance for Directors and
      Executives
1     Approve Annual Report, Financial          For       Did Not    Management
      Statements, and Allocation of Income                Vote
2     Approve Dividends of RUB 112 per Ordinary For       Did Not    Management
      Share for Last Three Months of Fiscal               Vote
      2007
3.1   Elect Tye Winston Burt as Director        None      Did Not    Management
                                                          Vote
3.2   Elect Guy De Selliers as Director         None      Did Not    Management
                                                          Vote
4.1   Elect Marina Vdovina as Member of Audit   For       Did Not    Management
      Commission                                          Vote
4.2   Elect Elena Gavrilova as Member of Audit  For       Did Not    Management
      Commission                                          Vote
4.3   Elect Nikolay Morozov as Member of Audit  For       Did Not    Management
      Commission                                          Vote
4.4   Elect Elena Nazarova as Member of Audit   For       Did Not    Management
      Commission                                          Vote
4.5   Elect Olga Rompel as Member of Audit      For       Did Not    Management
      Commission                                          Vote
5     Ratify Rosekspertiza LLC as Auditor       For       Did Not    Management
                                                          Vote
6.1   Amend Charter Re: Independence of         For       Did Not    Management
      Candidates to Board of Directors                    Vote
6.2   Amend Charter Re: General Meetings        For       Did Not    Management
                                                          Vote
6.3   Amend Charter Re: Increase Board Size to  For       Did Not    Management
      13                                                  Vote
6.4   Amend Charter Re: Conduct of Members of   For       Did Not    Management
      Board of Directors                                  Vote
6.5   Amend Charter Re: Meetings of Board of    For       Did Not    Management
      Directors                                           Vote
6.6   Amend Charter Re: Director Independence   For       Did Not    Management
      Criteria                                            Vote
6.7   Amend Charter Re: Board Committees        For       Did Not    Management
                                                          Vote
6.8   Amend Charter Re: Responsibilities of     For       Did Not    Management
      Board of Directors                                  Vote
6.9   Amend Charter Re: Responsibilities of     For       Did Not    Management
      Board of Directors                                  Vote
6.10  Amend Charter Re: Board of Directors'     For       Did Not    Management
      Authority to Approve Related-Party                  Vote
      Transactions
6.11  Amend Charter Re: Responsibilities of     For       Did Not    Management
      Management                                          Vote
6.12  Amend Charter Re: Disclosure Practices    For       Did Not    Management
                                                          Vote
6.13  Amend Charter Re: Significant Corporate   For       Did Not    Management
      Actions                                             Vote
7     Approve New Edition of Regulations on     For       Did Not    Management
      Board of Directors                                  Vote
8.1   Approve Fixed Quarterly Remuneration of   For       Did Not    Management
      Independent Directors in Amount of RUB              Vote
      1.25 million
8.2   Approve Stock Option Plan for Independent For       Did Not    Management
      Directors                                           Vote
9     Approve Value of Assets Subject to        For       Did Not    Management
      Compensation of Expenses Agreement with             Vote
      Directors and Executives
10    Approve Related-Party Transaction Re:     For       Did Not    Management
      Compensation of Expenses to Directors and           Vote
      Executives
11    Approve Price of Liability Insurance for  For       Did Not    Management
      Directors and Executives                            Vote
12    Approve Related-Party Transactions Re:    For       Did Not    Management
      Liability Insurance for Directors and               Vote
      Executives

--------------------------------------------------------------------------------

MOL HUNGARIAN OIL AND GAS PLC.(FORMERLY MOL MAGYAR OLAY-ES

Ticker:                      Security ID:  X5462R112
Meeting Date: APR 23, 2008   Meeting Type: Annual
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Receive Board of Directors Report on      None      None       Management
      Company's 2007 Business Operations;
      Receive Financial Statements and
      Consolidated Financial Statements;
      Receive Proposal on Allocation of 2007
      Income
1.2   Receive Auditor's Report                  None      None       Management
1.3   Receive Supervisory Board Report on 2007  None      None       Management
      Financial Statements and on Allocation of
      Income Proposal
1.4a  Accept Financial Statements and Statutory For       For        Management
      Reports
1.4b  Approve Allocation of Income, Including   For       For        Management
      Dividends of HUF 85 Billion in Aggregate
1.5   Approve Corporate Governance Statement    For       For        Management
2     Ratify Ernst & Young Kft. as Auditor;     For       For        Management
      Approve Auditor's Remuneration
3     Authorize Share Repurchase Program        For       Against    Management
4.1   Elect Zsolt Hernadi as Member of Board of For       Against    Management
      Directors
4.2   Elect Gyorgy Mosonyias as Member of Board For       Against    Management
      of Directors
4.3   Elect Iain Paterson as Member of Board of For       For        Management
      Directors
4.4   Elect Gabor Horvath as Member of Board of For       For        Management
      Directors
4.5   Elect Mulham Basheer Abdullah Al Jarf as  For       Against    Management
      Member of Board of Directors
5.1   Approve Remuneration of Members of Board  For       For        Management
      of Directors in Amount of EUR 31,250 for
      Chairmen of Board Committees, and EUR
      25,000 for Other Directors
5.2   Approve Incentive System for Members of   For       For        Management
      Board of Directors Based on Company's
      Results
6     Elect Gyula David as New Member of Board  For       For        Management
      of Directors Appointed by Hungarian
      Energy Office
7     Elect Istvan Gergel as New Member of      For       For        Management
      Supervisory Board Appointed by Hungarian
      Energy Office
8.1   Amend Articles of Association Re: Share   For       For        Management
      Transfer
8.2   Amend Articles of Association Re:         For       For        Management
      Shareholder Register
8.3   Amend Articles of Association Re: General For       For        Management
      Meeting Authority
8.4   Amend Articles of Association Re:         For       For        Management
      Location of General Meetings
8.5   Amend Articles of Association Re: Place   For       For        Management
      Discharge of Board of Directors on AGM
      Agenda
8.6   Amend Articles of Association Re: Removal For       Against    Management
      of Minimum and Maximum Limits on Size of
      Board of Directors
8.7   Amend Articles of Association Re:         For       Against    Management
      Decision-Making by Board of Directors
8.8   Amend Articles of Association Re:         For       Against    Management
      Convening of General Meetings if Number
      of Members of Board of Directors Falls
      Below Nine
8.9   Amend Articles of Association Re:         For       For        Management
      Reduction of Share Capital
8.10  Amend Articles of Association Re:         For       For        Management
      Attendance at General Meetings
8.11  Amend Articles of Association Re: Minutes For       For        Management
      of General Meetings
8.12  Amend Articles of Association Re: Board   For       For        Management
      of Directors' Right to Represent Company
8.13  Amend Articles of Association Re:         For       For        Management
      Supervisory Board
9     Approve Discharge of Board of Directors   For       Against    Management
10.1  Gain Approval by Holders of Series A      For       Against    Management
      Shares of Reduction in Share Capital
      Proposed under Item 10.2
10.2  Approve Reduction in Share Capital via    For       Against    Management
      Cancellation of Treasury Shares
11    Shareholder Proposal: Appoint Special     None      For        Shareholder
      Auditor to Examine Company's 2007 Annual
      Report and Management Actions During Last
      Two Years

--------------------------------------------------------------------------------

NOVATEK OAO (FORMERLY NOVAFININVEST OAO)

Ticker:       NVTK           Security ID:  669888109
Meeting Date: OCT 4, 2007    Meeting Type: Special
Record Date:  SEP 3, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Related-Party Transaction with    For       For        Management
      Mezhregiongaz LLC
2     Approve Related-Party Transaction with    For       For        Management
      OJSC Gazprom
3     Approve Allocation of Income and          For       For        Management
      Dividends of RUB 0.83 Per Ordinary Share

--------------------------------------------------------------------------------

NOVATEK OAO (FORMERLY NOVAFININVEST OAO)

Ticker:       NVTK           Security ID:  669888109
Meeting Date: MAY 23, 2008   Meeting Type: Annual
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income
1.2   Approve Annual Dividends of RUB 1.52 per  For       For        Management
      Share
2.1   Elect Andrey Akimov as Director           None      For        Management
2.2   Elect Ruben Vardanian as Director         None      For        Management
2.3   Elect Mark Gyetvay as Director            None      For        Management
2.4   Elect Vladimir Dmitriev as Director       None      For        Management
2.5   Elect Leonid Mikhelson as Director        None      For        Management
2.6   Elect Alexander Natalenko as Director     None      For        Management
2.7   Elect Kirill Seleznev as Director         None      For        Management
2.8   Elect Ilja Yuzhanov as Director           None      For        Management
3.1   Elect Maria Konovalova as Member of Audit For       For        Management
      Commission
3.2   Elect Igor Ryaskov as Member of Audit     For       For        Management
      Commission
3.3   Elect Sergey Fomichev as Member of Audit  For       For        Management
      Commission
3.4   Elect Nikolay Shulikin as Member of Audit For       For        Management
      Commission
4     Ratify CJSC PricewaterhouseCoopers Audit  For       For        Management
      as Auditor
5     Approve Remuneration of Directors         For       For        Management
6     Approve Remuneration of Members of Audit  For       For        Management
      Commission

--------------------------------------------------------------------------------

OGK-5

Ticker:                      Security ID:  316733104
Meeting Date: MAY 28, 2008   Meeting Type: Annual
Record Date:  APR 10, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Approve Omission of Dividends             For       For        Management
5.1   Elect Andrey Kozlov as Director           None      Against    Management
5.2   Elect Sergey Zhuravlev as Director        None      Against    Management
5.3   Elect Dmitry Akhanov as Director          None      Against    Management
5.4   Elect Andrey Kobzev as Director           None      Against    Management
5.5   Elect Maria Tikhonova as Director         None      Against    Management
5.6   Elect Dominique Fache as Director         None      Against    Management
5.7   Elect Enrico Viale as Director            None      Against    Management
5.8   Elect Carlo Tamburi as Director           None      Against    Management
5.9   Elect Arcelli Marco Piero as Director     None      Against    Management
5.10  Elect Claudio Zito as Director            None      Against    Management
5.11  Elect Gabriele Frea as Director           None      Against    Management
5.12  Elect Gerald Rohan as Director            None      For        Management
5.13  Elect Maurice Zweguintsow as Director     None      Against    Management
5.14  Elect Dmitry Ponomarev as Director        None      Against    Management
5.15  Elect Marcello Bruti as Director          None      Against    Management
5.16  Elect Giorgio Cimini as Director          None      Against    Management
6.1   Elect Alexey Chmyrev as Member of Audit   For       Against    Management
      Commission
6.2   Elect Ekaterina Klimenko as Member of     For       Against    Management
      Audit Commission
6.3   Elect Marzullo Francesco as Member of     For       Against    Management
      Audit Commission
6.4   Elect Palasciano Carlo as Member of Audit For       Against    Management
      Commission
6.5   Elect Oxana Burova as Member of Audit     For       For        Management
      Commission
6.6   Elect Alexander Shevchuk as Member of     For       For        Management
      Audit Commission
6.7   Elect Luca Setera as Member of Audit      For       Against    Management
      Commission
7     Ratify Auditor                            For       For        Management
8     Approve New Edition of Charter            For       Against    Management
9     Approve Related-Party Transaction with    For       Against    Management
      Enel Produzione SpA and CJSC
      Atomstroyexport Re: Control of
      Engineering, Purchasing, and Construction
      of Additional Power Generating Capacity

--------------------------------------------------------------------------------

OTP BANK RT

Ticker:                      Security ID:  X60746181
Meeting Date: APR 25, 2008   Meeting Type: Annual
Record Date:  APR 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Financial Statements and          For       For        Management
      Statutory Reports
2     Approve Corporate Governance Statement    For       For        Management
3     Assess Board of Directors' Performance in For       For        Management
      Fiscal 2007; Approve Discharge of Members
      of Board of Directors
4     Approve Board of Directors Report on      For       For        Management
      Company's Business Policy for 2008
5     Ratify Auditor and Fix Auditor's          For       For        Management
      Remuneration
6     Amend Articles of Association             For       For        Management
7     Elect Board of Directors                  For       For        Management
8     Elect Supervisory Board                   For       For        Management
9     Elect Members of Audit Committee          For       For        Management
10    Approve Remuneration of Members of Board  For       For        Management
      of Directors, Supervisory Board, and
      Audit Committee
11    Receive Briefing on Sale of OTP Garancia  For       Against    Management
      Insurance Ltd; Approve Management
      Incentive Scheme Related to Sale
12    Amend Incentive Program for Management    For       Against    Management
      Approved at Company's April 28, 2006, AGM
13    Authorize Share Repurchase Program        For       For        Management

--------------------------------------------------------------------------------

PHARMSTANDARD OJSC

Ticker:                      Security ID:  X6554S109
Meeting Date: JUL 16, 2007   Meeting Type: Special
Record Date:  JUN 5, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Revised Edition of Charter        For       For        Management

--------------------------------------------------------------------------------

PHARMSTANDARD OJSC

Ticker:                      Security ID:  X6554S109
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 22, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1.1   Approve Annual Report                     For       For        Management
1.2   Approve Financial Statements and          For       For        Management
      Allocation of Income
2     Approve Omission of Dividends for Fiscal  For       For        Management
      2007
3.1   Elect Elena Arhangelskay as Director      None      For        Management
3.2   Elect Roman Gorynov as Director           None      For        Management
3.3   Elect Sergei Dushelihinskiy as Director   None      For        Management
3.4   Elect Igor Krilov as Director             None      For        Management
3.5   Elect Egor Kulkov as Director             None      For        Management
3.6   Elect Pavel Mileyko as Director           None      For        Management
3.7   Elect Alexander Pevzner as Director       None      For        Management
3.8   Elect Olga Pokrovskay as Director         None      For        Management
3.9   Elect Ivan Tirishkin as Director          None      For        Management
3.10  Elect Viktor Fedlyk as Director           None      For        Management
3.11  Elect Viktor Haritonin as Director        None      For        Management
4.1   Elect Andrey Kuznetsov as Member of Audit For       For        Management
      Commission
4.2   Elect Nataliy Russkih as Member of Audit  For       For        Management
      Commission
4.3   Elect Elena Chernova as Member of Audit   For       For        Management
      Commission
5     Ratify PRADO LLC as Russian Auditor and   For       For        Management
      Ernst & Young LLC as International
      Auditor
6     Approve New Edition of Charter            For       Against    Management
7     Approve Regulations on Management         For       Against    Management
8.1   Approve Related-Party Transactions        For       Against    Management
8.2   Approve Related-Party Transactions        For       Against    Management

--------------------------------------------------------------------------------

POL-AQUA S.A., PIASECZNO

Ticker:                      Security ID:  X65706107
Meeting Date: JUN 30, 2008   Meeting Type: Annual
Record Date:  JUN 23, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Receive Financial Statements and          None      None       Management
      Management Board Report on Company's
      Operations in Fiscal 2007
6     Receive Supervisory Board Report          None      None       Management
7     Approve Financial Statements              For       For        Management
8     Approve Management Board Report on        For       For        Management
      Company's Operations in Fiscal 2007
9     Approve Allocation of Income and Omission For       For        Management
      of Dividends
10.1  Approve Discharge of Marek Stefanski      For       For        Management
      (Management Board)
10.2  Approve Discharge of Iwona Rudnikowska    For       For        Management
      (Management Board)
10.3  Approve Discharge of Ireneusz Misiolek    For       For        Management
      (Management Board)
10.4  Approve Discharge of Antoni Szakola       For       For        Management
      (Management Board)
10.5  Approve Discharge of Slawomir             For       For        Management
      Niewiadomski (Management Board)
10.6  Approve Discharge of Robert Molo          For       For        Management
      (Management Board)
10.7  Approve Discharge of Janusz Lewandowski   For       For        Management
      (Management Board)
10.8  Approve Discharge of Andrzej Krawat       For       For        Management
      (Management Board)
11.1  Approve Discharge of Mariusz Ambroziak    For       For        Management
      (Supervisory Board)
11.2  Approve Discharge of Grzegorz Szyszkowski For       For        Management
      (Supervisory Board)
11.3  Approve Discharge of Janusz Steinhoff     For       For        Management
      (Supervisory Board)
11.4  Approve Discharge of Grzegorz Maciag      For       For        Management
      (Supervisory Board)
11.5  Approve Discharge of Robert Dziublowski   For       For        Management
      (Supervisory Board)
11.6  Approve Discharge of Leon Komornicki      For       For        Management
      (Supervisory Board)
11.7  Approve Discharge of Krzysztof Gadkowski  For       For        Management
      (Supervisory Board)
12    Amend Statute Re: Releasing Statements by For       For        Management
      Company
13    Approve Uniform Text of Statute           For       For        Management
14    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

POLSKI KONCERN NAFTOWY ORLEN

Ticker:                      Security ID:  X6922W204
Meeting Date: FEB 7, 2008    Meeting Type: Special
Record Date:  JAN 30, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   None      None       Management
4     Approve Agenda of Meeting                 For       For        Management
5     Elect Members of Vote Counting Commission For       For        Management
6.1   Shareholder Proposal: Fix Number of       None      For        Shareholder
      Supervisory Board Members
6.2   Shareholder Proposal: Recall Supervisory  None      Against    Shareholder
      Board Member(s)
6.3   Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s)
6.4   Shareholder Proposal: Elect Independent   None      For        Shareholder
      Supervisory Board Member
7     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

POLSKI KONCERN NAFTOWY ORLEN

Ticker:       PSKOY          Security ID:  731613204
Meeting Date: FEB 7, 2008    Meeting Type: Special
Record Date:  JAN 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Meeting Chairman                    For       For        Management
2     Approve Agenda of Meeting                 For       For        Management
3     Elect Members of Vote Counting Commission For       For        Management
4     Shareholder Proposal: Fix Number of       None      For        Shareholder
      Supervisory Board Members
5     Shareholder Proposal: Recall Supervisory  None      Against    Shareholder
      Board Member(s)
6     Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s)
7     Shareholder Proposal: Elect Independent   None      For        Shareholder
      Supervisory Board Member

--------------------------------------------------------------------------------

POLSKI KONCERN NAFTOWY ORLEN

Ticker:                      Security ID:  X6922W204
Meeting Date: JUN 6, 2008    Meeting Type: Annual
Record Date:  MAY 29, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Elect Members of Vote Counting Commission For       For        Management
6     Receive Financial Statements, Management  None      None       Management
      Board Report on Company's Operations in
      Fiscal 2007, and Management Board
      Proposal on Allocation of Income for
      Fiscal 2007
7     Receive Consolidated Financial Statements None      None       Management
      and Management Board Report on Group's
      Operations in Fiscal 2007
8     Receive Supervisory Board Report          None      None       Management
9     Approve Financial Statements and          For       For        Management
      Management Board Report on Company's
      Operations in Fiscal 2007
10    Approve Consolidated Financial Statements For       For        Management
      and Management Board Report on Group's
      Operations in Fiscal 2007
11    Approve Allocation of Income              For       For        Management
12.1  Approve Discharge of Igor Adam Chalupec   For       For        Management
      (CEO)
12.2  Approve Discharge of Piotr Wlodzimierz    For       For        Management
      Kownacki (Management Board)
12.3  Approve Discharge of Wojciech Andrzej     For       For        Management
      Heydel (Management Board)
12.4  Approve Discharge of Jan Maciejewicz      For       For        Management
      (Management Board)
12.5  Approve Discharge of Cezary Krzysztof     For       For        Management
      Smorszczewski (Management Board)
12.6  Approve Discharge of Cezary Stanislaw     For       For        Management
      Filipowicz (Management Board)
12.7  Approve Discharge of Krzysztof Piotr      For       For        Management
      Szwedowski (Management Board)
12.8  Approve Discharge of Pawel Henryk         For       For        Management
      Szymanski (Management Board)
12.9  Approve Discharge of Waldemar Tadeusz Maj For       For        Management
      (Management Board)
12.10 Approve Discharge of Krystian Pater       For       For        Management
      (Management Board)
12.11 Approve Discharge of Dariusz Marek        For       For        Management
      Formela (Management Board)
13.1  Approve Discharge of Malgorzata Izabela   For       For        Management
      Slepowronska (Supervisory Board)
13.2  Approve Discharge of Zbigniew Marek       For       For        Management
      Macioszek (Supervisory Board)
13.3  Approve Discharge of Jerzy Woznicki       For       For        Management
      (Supervisory Board)
13.4  Approve Discharge of Wojciech Pawlak      For       For        Management
      (Supervisory Board)
13.5  Approve Discharge of Krzysztof Rajczewski For       For        Management
      (Supervisory Board)
13.6  Approve Discharge of Ryszard Sowinski     For       For        Management
      (Supervisory Board)
13.7  Approve Discharge of Robert Czapla        For       For        Management
      (Supervisory Board)
13.8  Approve Discharge of Marek Drac-Taton     For       For        Management
      (Supervisory Board)
13.9  Approve Discharge of Raimondo Eggink      For       For        Management
      (Supervisory Board)
13.10 Approve Discharge of Agata Janina         For       For        Management
      Mikolajczyk (Supervisory Board)
13.11 Approve Discharge of Janusz Zielinski     For       For        Management
      (Supervisory Board)
13.12 Approve Discharge of Konstanty            For       For        Management
      Brochwicz-Donimirski (Supervisory Board)
13.13 Approve Discharge of Wieslaw Jan Rozlucki For       For        Management
      (Supervisory Board)
14.1  Shareholder Proposal: Fix Number of       None      Against    Shareholder
      Supervisory Board Members (Content of
      Resolution Proposed by Management Board
      in Response to Shareholder's Request to
      Make Changes in Composition of
      Supervisory Board)
14.2  Shareholder Proposal: Elect Additional    None      Against    Shareholder
      Member(s) to Supervisory Board
15    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

POLSKI KONCERN NAFTOWY ORLEN

Ticker:       PSKOY          Security ID:  731613204
Meeting Date: JUN 6, 2008    Meeting Type: Annual
Record Date:  APR 25, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Meeting Chairman                    For       For        Management
2     Approve Agenda of Meeting                 For       For        Management
3     Elect Members of Vote Counting Commission For       For        Management
4     Approve Financial Statements and          For       For        Management
      Management Board Report on Company's
      Operations in Fiscal 2007
5     Approve Consolidated Financial Statements For       For        Management
      and Management Board Report on Group's
      Operations in Fiscal 2007
6     Approve Allocation of Income              For       For        Management
7     Approve Discharge of Igor Adam Chalupec   For       For        Management
      (CEO)
8     Approve Discharge of Piotr Wlodzimierz    For       For        Management
      Kownacki (Management Board)
9     Approve Discharge of Wojciech Andrzej     For       For        Management
      Heydel (Management Board)
10    Approve Discharge of Jan Maciejewicz      For       For        Management
      (Management Board)
11    Approve Discharge of Cezary Krzysztof     For       For        Management
      Smorszczewski (Management Board)
12    Approve Discharge of Cezary Stanislaw     For       For        Management
      Filipowicz (Management Board)
13    Approve Discharge of Krzysztof Piotr      For       For        Management
      Szwedowski (Management Board)
14    Approve Discharge of Pawel Henryk         For       For        Management
      Szymanski (Management Board)
15    Approve Discharge of Waldemar Tadeusz Maj For       For        Management
      (Management Board)
16    Approve Discharge of Krystian Pater       For       For        Management
      (Management Board)
17    Approve Discharge of Dariusz Marek        For       For        Management
      Formela (Management Board)
18    Approve Discharge of Malgorzata Izabela   For       For        Management
      Slepowronska (Supervisory Board)
19    Approve Discharge of Zbigniew Marek       For       For        Management
      Macioszek (Supervisory Board)
20    Approve Discharge of Jerzy Woznicki       For       For        Management
      (Supervisory Board)
21    Approve Discharge of Wojciech Pawlak      For       For        Management
      (Supervisory Board)
22    Approve Discharge of Krzysztof Rajczewski For       For        Management
      (Supervisory Board)
23    Approve Discharge of Ryszard Sowinski     For       For        Management
      (Supervisory Board)
24    Approve Discharge of Robert Czapla        For       For        Management
      (Supervisory Board)
25    Approve Discharge of Marek Drac-Taton     For       For        Management
      (Supervisory Board)
26    Approve Discharge of Raimondo Eggink      For       For        Management
      (Supervisory Board)
27    Approve Discharge of Agata Janina         For       For        Management
      Mikolajczyk (Supervisory Board)
28    Approve Discharge of Janusz Zielinski     For       For        Management
      (Supervisory Board)
29    Approve Discharge of Konstanty            For       For        Management
      Brochwicz-Donimirski (Supervisory Board)
30    Approve Discharge of Wieslaw Jan Rozlucki For       For        Management
      (Supervisory Board)
31    Shareholder Proposal: Fix Number of       None      Against    Shareholder
      Supervisory Board Members (Content of
      Resolution Proposed by Management Board
      in Response to Shareholder's Request to
      Make Changes in Composition of
      Supervisory Board)
32    Shareholder Proposal: Elect Additional    None      Against    Shareholder
      Member(s) to Supervisory Board

--------------------------------------------------------------------------------

POLSKI KONCERN NAFTOWY ORLEN

Ticker:                      Security ID:  X6922W204
Meeting Date: JUN 13, 2008   Meeting Type: Special
Record Date:  JUN 5, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Elect Members of Vote Counting Commission For       For        Management
6.1   Shareholder Proposal: Shareholder         None      Against    Shareholder
      Proposal: Fix Number of Supervisory Board
      Members (Content of Resolution Proposed
      by Management Board in Response to
      Shareholder's Request to Make Changes in
      Composition of Supervisory Board)
6.2   Shareholder Proposal: Recall Supervisory  None      Against    Shareholder
      Board Member(s) (Content of Resolution
      Proposed by Management Board in Response
      to Shareholder's Request to Make Changes
      in Composition of Supervisory Board)
6.3   Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s) (Content of Resolution
      Proposed by Management Board in Response
      to Shareholder's Request to Make Changes
      in Composition of Supervisory Board)
6.4   Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s) (Content of Resolution
      Proposed by Management Board in Response
      to Shareholder's Request to Make Changes
      in Composition of Supervisory Board)
7     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

POLSKI KONCERN NAFTOWY ORLEN

Ticker:       PSKOY          Security ID:  731613204
Meeting Date: JUN 13, 2008   Meeting Type: Special
Record Date:  MAY 21, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Meeting Chairman                    For       For        Management
2     Approve Agenda of Meeting                 For       For        Management
3     Elect Members of Vote Counting Commission For       For        Management
4     Shareholder Proposal: Shareholder         None      Against    Shareholder
      Proposal: Fix Number of Supervisory Board
      Members (Content of Resolution Proposed
      by Management Board in Response to
      Shareholder's Request to Make Changes in
      Composition of Supervisory Board)
5     Shareholder Proposal: Recall Supervisory  None      Against    Shareholder
      Board Member(s) (Content of Resolution
      Proposed by Management Board in Response
      to Shareholder's Request to Make Changes
      in Composition of Supervisory Board)
6     Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s) (Content of Resolution
      Proposed by Management Board in Response
      to Shareholder's Request to Make Changes
      in Composition of Supervisory Board)
7     Shareholder Proposal: Elect Supervisory   None      Against    Shareholder
      Board Member(s) (Content of Resolution
      Proposed by Management Board in Response
      to Shareholder's Request to Make Changes
      in Composition of Supervisory Board)

--------------------------------------------------------------------------------

POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI S.A.

Ticker:                      Security ID:  X6919X108
Meeting Date: FEB 26, 2008   Meeting Type: Special
Record Date:  FEB 18, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5.1   Recall Supervisory Board Members          None      Did Not    Shareholder
                                                          Vote
5.2   Elect Supervisory Board Members           None      Did Not    Shareholder
                                                          Vote
6     Close Meeting                             None      Did Not    Management
                                                          Vote

--------------------------------------------------------------------------------

POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKI S.A.

Ticker:                      Security ID:  X6919X108
Meeting Date: MAY 20, 2008   Meeting Type: Annual
Record Date:  MAY 12, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Receive Financial Statements and          None      None       Management
      Management Board Report on Company's
      Operations in Fiscal 2007; Receive
      Management Board Proposal on Allocation
      of 2007 Income
6     Receive Supervisory Board Report          None      None       Management
7.1   Approve Management Board Report on        For       For        Management
      Company's Operations in Fiscal 2007
7.2   Approve Financial Statements              For       For        Management
7.3   Approve Supervisory Board Report on Its   For       For        Management
      Activities in Fiscal 2007
7.4   Approve Allocation of Income              For       For        Management
7.5   Approve Dividends of PLN 1.09 per Share   For       For        Management
7.6a  Approve Discharge of Rafal Juszczak (CEO) For       For        Management
7.6b  Approve Discharge of Berenika Duda-Uhryn  For       For        Management
      (Management Board)
7.6c  Approve Discharge of Robert Dzialak       For       For        Management
      (Management Board)
7.6d  Approve Discharge of Mariusz Klimczak     For       For        Management
      (Management Board)
7.6e  Approve Discharge of Wojciech Kwiatkowski For       For        Management
      (Management Board)
7.6f  Approve Discharge of Aldona Michalak      For       For        Management
      (Management Board)
7.6g  Approve Discharge of Adam Skowronski      For       For        Management
      (Management Board)
7.6h  Approve Discharge of Stefan Swiatkowski   For       For        Management
      (Management Board)
7.6i  Approve Discharge of Marek Gluchowski     For       For        Management
      (Management Board)
7.6j  Approve Discharge of Jacek Oblekowski     For       For        Management
      (Management Board)
7.6k  Approve Discharge of Slawomir Skrzypek    For       For        Management
      (Management Board)
7.6l  Approve Discharge of Zdzislaw Sokal       For       For        Management
      (Management Board)
7.7   Approve PLN 50,784 Annual Bonus for       For       For        Management
      Company's CEO
7.8a  Approve Discharge of Marek Gluchowski     For       For        Management
      (Chairman of Supervisory Board)
7.8b  Approve Discharge of Urszula Palaszek     For       For        Management
      (Supervisory Board)
7.8c  Approve Discharge of Tomasz Siemiatkowski For       For        Management
       (Supervisory Board)
7.8d  Approve Discharge of Maciej Czapiewski    For       For        Management
      (Supervisory Board)
7.8e  Approve Discharge of Jerzy Michalowski    For       For        Management
      (Supervisory Board)
7.8f  Approve Discharge of Jerzy Osiatynski     For       For        Management
      (Supervisory Board)
7.8g  Approve Discharge of Adam Skowronski      For       For        Management
      (Supervisory Board)
7.8h  Approve Discharge of Agniezka             For       For        Management
      Winnik-Kalemba (Supervisory Board)
8.1   Receive Consolidated Financial Statements For       For        Management
      and Statutory Reports; Approve Report on
      Group's Operations in Fiscal 2007
8.2   Approve Consolidated Financial Statements For       For        Management
9     Amend Regulations on Supervisory Board    For       For        Management
10    Receive Supervisory Board Report on       None      None       Management
      Outcome of Completed Selection Process
      for Posts of Company's CEO and Deputy
      CEOs
11    Receive Supervisory Board Report on       None      None       Management
      Process of Disposing of Hotels and
      Offsite Training Centers
12    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

R.G.I INTERNATIONAL LTD

Ticker:                      Security ID:  G75442106
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
2     Elect Boris Kuzinez and Rafael Eldor as   For       Against    Management
      Directors
3     Ratify ZAO PricewaterhouseCoopers LLP as  For       For        Management
      Auditors
4     Authorize Board to Fix Remuneration of    For       For        Management
      Auditors

--------------------------------------------------------------------------------

RASPADSKAYA OAO

Ticker:                      Security ID:  ADPV10266
Meeting Date: JUN 2, 2008    Meeting Type: Annual
Record Date:  APR 24, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report and Financial       For       For        Management
      Statements
2     Approve Allocation of Income and          For       For        Management
      Dividends of RUB 3.75 per Common Share
3     Elect Dmitry Sergeyev as Member of Audit  For       For        Management
      Commission
4     Ratify Auditor                            For       For        Management
5     Approve Transfer of Powers of General     For       For        Management
      Director to Managing Company
6     Amend Charter                             For       For        Management
7.1   Elect Alexander Abramov as Director       None      Against    Management
7.2   Elect Alexander Frolov as Director        None      Against    Management
7.3   Elect Alexander Vagin as Director         None      Against    Management
7.4   Elect Gennady Kozovoj as Director         None      Against    Management
7.5   Elect Ilya Lifshitz as Director           None      Against    Management
7.6   Elect Jeffery Townsend as Director        None      For        Management
7.7   Elect Christian Shafalitsky de Makadel as None      For        Management
      Director

--------------------------------------------------------------------------------

RICHTER GEDEON RT

Ticker:                      Security ID:  X3124R133
Meeting Date: DEC 18, 2007   Meeting Type: Special
Record Date:  DEC 7, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Use of Computerized Voting        For       For        Management
      Machine for Official Counting of Votes
2     Allow Sound Recording of Meeting          For       For        Management
3     Elect Chairman and Other Meeting          For       For        Management
      Officials
4     Approve Supervisory Board Report Re:      For       For        Management
      Approval of Resolutions Proposed by Board
      of Directors for this EGM
5     Approve Nov. 14, 2007, Agreement with     For       For        Management
      Genefar BV Re: Acquisition of 99.7
      Percent of Shares in Zaklady
      Farmaceutyczne Polpharma S.A. (Subject to
      Approval of All Remaining Resolutions)
6     Acknowledge Information Submitted by      For       For        Management
      Board of Directors Re: Nov. 14, 2007,
      Agreement Concerning Acquisition of OJSC
      Akrikhin Pharmaceuticals Company (Subject
      to Approval of All Remaining Resolutions)
7     Approve Issuance of Shares to Genefar BV  For       For        Management
      in Connection with Acquisition of Zaklady
      Farmaceutyczne Polpharma S.A. (Subject to
      Approval of All Remaining Resolutions)
8     Disapply Shareholders' Preemptive Rights  For       For        Management
      in Connection with Increase in Share
      Capital Proposed under Item 7 (Subject to
      Approval of All Remaining Resolutions)
9     Approve Listing of Shares Issued under    For       For        Management
      Item 7 on Budapest and Luxembourg Stock
      Exchanges (Subject to Approval of All
      Remaining Resolutions)
10    Approve Listing of 593,684 New Registered For       For        Management
      Series D Shares on Budapest and
      Luxembourg Stock Exchanges to Be Issued
      by Resolution of Board of Directors
      Subject to Closing of Akrikhin Agreement
      (Subject to Approval of All Remaining
      Resolutions)
11    Recall Gyorgy Biro from Board of          For       For        Management
      Directors (Subject to Approval of All
      Remaining Resolutions)
12    Recall Jeno Koltay from Board of          For       For        Management
      Directors (Subject to Approval of All
      Remaining Resolutions)
13    Elect Jerzy Starak to Board of Directors  For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
14    Elect Gabriel Wujek to Board of Directors For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
15    Elect Markus Sieger to Board of Directors For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
16    Reelect William de Gelsey to Board of     For       For        Management
      Directors (Subject to Approval of All
      Remaining Resolutions)
17    Reelect Erik Bogsch to Board of Directors For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
18    Elect Piotr Bardzik to Supervisory Board  For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
19    Amend Statutes (Subject to Approval of    For       For        Management
      All Remaining Resolutions)
20    Incorporate Any Approved Amendments into  For       For        Management
      Company Statutes and Approve Uniform Text
      of Statutes (Subject to Approval of All
      Remaining Resolutions)

--------------------------------------------------------------------------------

RICHTER GEDEON RT

Ticker:                      Security ID:  368467205
Meeting Date: DEC 18, 2007   Meeting Type: Special
Record Date:  NOV 30, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Use of Computerized Voting        For       For        Management
      Machine for Official Counting of Votes
2     Allow Sound Recording of Meeting          For       For        Management
3     Elect Chairman and Other Meeting          For       For        Management
      Officials
4     Approve Supervisory Board Report Re:      For       For        Management
      Approval of Resolutions Proposed by Board
      of Directors for this EGM
5     Approve Nov. 14, 2007, Agreement with     For       For        Management
      Genefar BV Re: Acquisition of 99.7
      Percent of Shares in Zaklady
      Farmaceutyczne Polpharma S.A. (Subject to
      Approval of All Remaining Resolutions)
6     Acknowledge Information Submitted by      For       For        Management
      Board of Directors Re: Nov. 14, 2007,
      Agreement Concerning Acquisition of OJSC
      Akrikhin Pharmaceuticals Company (Subject
      to Approval of All Remaining Resolutions)
7     Approve Issuance of Shares to Genefar BV  For       For        Management
      in Connection with Acquisition of Zaklady
      Farmaceutyczne Polpharma S.A. (Subject to
      Approval of All Remaining Resolutions)
8     Disapply Shareholders' Preemptive Rights  For       For        Management
      in Connection with Increase in Share
      Capital Proposed under Item 7 (Subject to
      Approval of All Remaining Resolutions)
9     Approve Listing of Shares Issued under    For       For        Management
      Item 7 on Budapest and Luxembourg Stock
      Exchanges (Subject to Approval of All
      Remaining Resolutions)
10    Approve Listing of 593,684 New Registered For       For        Management
      Series D Shares on Budapest and
      Luxembourg Stock Exchanges to Be Issued
      by Resolution of Board of Directors
      Subject to Closing of Akrikhin Agreement
      (Subject to Approval of All Remaining
      Resolutions)
11    Recall Gyorgy Biro from Board of          For       For        Management
      Directors (Subject to Approval of All
      Remaining Resolutions)
12    Recall Jeno Koltay from Board of          For       For        Management
      Directors (Subject to Approval of All
      Remaining Resolutions)
13    Elect Jerzy Starak to Board of Directors  For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
14    Elect Gabriel Wujek to Board of Directors For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
15    Elect Markus Sieger to Board of Directors For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
16    Reelect William de Gelsey to Board of     For       For        Management
      Directors (Subject to Approval of All
      Remaining Resolutions)
17    Reelect Erik Bogsch to Board of Directors For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
18    Elect Piotr Bardzik to Supervisory Board  For       For        Management
      (Subject to Approval of All Remaining
      Resolutions)
19    Amend Statutes (Subject to Approval of    For       For        Management
      All Remaining Resolutions)
20    Incorporate Any Approved Amendments into  For       For        Management
      Company Statutes and Approve Uniform Text
      of Statutes (Subject to Approval of All
      Remaining Resolutions)

--------------------------------------------------------------------------------

RICHTER GEDEON RT

Ticker:                      Security ID:  X3124R133
Meeting Date: APR 28, 2008   Meeting Type: Annual
Record Date:  APR 16, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Use of Computerized Voting        For       For        Management
      Machine for AGM
2     Approve Use of Sound Recording for Minute For       For        Management
      Preparation
3     Elect Chairman and Other Meeting          For       For        Management
      Officials
4     Accept Auditor's Report, Supervisory      For       For        Management
      Board Report, and Board of Directors
      Report on Company's Business Operations
      in 2007
5     Approve Dividends of HUF 450 per Share    For       For        Management
6     Approve Allocation of HUF 25.4 Billion to For       For        Management
      Reserve Capital
7     Approve Annual Report and Financial       For       For        Management
      Statements
8     Accept Auditor's Report, Supervisory      For       For        Management
      Board Report, and Board of Directors
      Report on Group's Operations in 2007
9     Approve Corporate Governance Report       For       For        Management
10    Authorize Share Repurchase Program        For       For        Management
11    Amend Dec. 18, 2007, EGM, Resolutions Re: For       Against    Management
      Series D Shares
12    Amend Articles of Association             For       Against    Management
13    Approve Unified Text of Statute           For       Against    Management
14    Reelect William de Gelsey as Member of    For       For        Management
      Board of Directors
15    Reelect Erik Bogsch as Member of Board of For       For        Management
      Directors
16    Reelect Laszlo Kovacs as Member of Board  For       For        Management
      of Directors
17    Reelect Tamas Meszaros as Member of Board For       For        Management
      of Directors
18    Reelect Gabor Perjes as Member of Board   For       For        Management
      of Directors
19    Elect Szilveszter Vizi as Member of Board For       For        Management
      of Directors
20    Approve Remuneration of Board of          For       For        Management
      Directors
21    Approve Remuneration of Supervisory Board For       For        Management
      Members
22    Ratify Deloitte Ltd. as Auditor           For       For        Management
23    Approve Auditor Remuneration              For       For        Management
24    Transact Other Business (Voting)          For       Against    Management

--------------------------------------------------------------------------------

RICHTER GEDEON RT

Ticker:                      Security ID:  368467205
Meeting Date: APR 28, 2008   Meeting Type: Annual
Record Date:  MAR 28, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Use of Computerized Voting        For       For        Management
      Machine for AGM
2     Approve Use of Sound Recording for Minute For       For        Management
      Preparation
3     Elect Chairman and Other Meeting          For       For        Management
      Officials
4     Accept Auditor's Report, Supervisory      For       For        Management
      Board Report, and Board of Directors
      Report on Company's Business Operations
      in 2007
5     Approve Dividends of HUF 450 per Share    For       For        Management
6     Approve Allocation of HUF 25.4 Billion to For       For        Management
      Reserve Capital
7     Approve Annual Report and Financial       For       For        Management
      Statements
8     Accept Auditor's Report, Supervisory      For       For        Management
      Board Report, and Board of Directors
      Report on Group's Operations in 2007
9     Approve Corporate Governance Report       For       For        Management
10    Authorize Share Repurchase Program        For       For        Management
11    Amend Dec. 18, 2007, EGM, Resolutions Re: For       Against    Management
      Series D Shares
12    Amend Articles of Association             For       Against    Management
13    Approve Unified Text of Statute           For       Against    Management
14    Reelect William de Gelsey as Member of    For       For        Management
      Board of Directors
15    Reelect Erik Bogsch as Member of Board of For       For        Management
      Directors
16    Reelect Laszlo Kovacs as Member of Board  For       For        Management
      of Directors
17    Reelect Tamas Meszaros as Member of Board For       For        Management
      of Directors
18    Reelect Gabor Perjes as Member of Board   For       For        Management
      of Directors
19    Elect Szilveszter Vizi as Member of Board For       For        Management
      of Directors
20    Approve Remuneration of Board of          For       For        Management
      Directors
21    Approve Remuneration of Supervisory Board For       For        Management
      Members
22    Ratify Deloitte Ltd. as Auditor           For       For        Management
23    Approve Auditor Remuneration              For       For        Management
24    Transact Other Business (Voting)          For       Against    Management

--------------------------------------------------------------------------------

ROSNEFT OIL COMPANY OJSC

Ticker:                      Security ID:  67812M207
Meeting Date: JUN 5, 2008    Meeting Type: Annual
Record Date:  MAY 6, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Approve Dividends of RUB 1.60 per Share   For       For        Management
5     Approve Remuneration of Directors         For       For        Management
6.1   Elect Denis Askinadze as Director         None      Against    Management
6.2   Elect Andrey Belousov as Director         None      Against    Management
6.3   Elect Sergey Bogdanchikov as Director     None      Against    Management
6.4   Elect Sergey Naryshkin as Director        None      Against    Management
6.5   Elect Gleb Nikitin as Director            None      Against    Management
6.6   Elect Yury Petrov as Director             None      Against    Management
6.7   Elect Andrey Reus as Director             None      Against    Management
6.8   Elect Vladimir Salamatov as Director      None      Against    Management
6.9   Elect Igor Sechin as Director             None      Against    Management
6.10  Elect Andrey Kostin as Director           None      For        Management
6.11  Elect Alexander Nekipelov as Director     None      For        Management
6.12  Elect Hans-Joerg Rudloff as Director      None      For        Management
7.1   Elect Sergey Zhuravlev as Member of Audit For       For        Management
      Commission
7.2   Elect Andrey Kobzev as Member of Audit    For       For        Management
      Commission
7.3   Elect Dmitry Logunov as Member of Audit   For       For        Management
      Commission
7.4   Elect Victoria Oseledko as Member of      For       For        Management
      Audit Commission
7.5   Elect Andrey Fomin as Member of Audit     For       For        Management
      Commission
8     Ratify Auditor                            For       For        Management
9     Amend Charter                             For       For        Management
10    Approve Related-Party Transactions        For       For        Management

--------------------------------------------------------------------------------

ROSTELECOM

Ticker:       ROS            Security ID:  778529107
Meeting Date: JUN 9, 2008    Meeting Type: Annual
Record Date:  MAY 1, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report, Financial          For       For        Management
      Statements, and Allocation of Income,
      Including Dividends of RUB 3,8809 per
      Preferred A Share and RUB 1,9399 per
      Ordinary Share
2.1   Elect Alexander Kiselev as Director       None      Against    Management
2.2   Elect Sergey Kuznetsov as Director        None      Against    Management
2.3   Elect Evgeny Chechelnitsky as Director    None      Against    Management
2.4   Elect Elena Selvich as Director           None      Against    Management
2.5   Elect Mikhail Alexeev as Director         None      Against    Management
2.6   Elect Vladimir Zhelonkin as Director      None      Against    Management
2.7   Elect Konstantin Solodukhin as Director   None      Against    Management
2.8   Elect Valentina Veremyanina as Director   None      Against    Management
2.9   Elect Valery Degtyarev as Director        None      For        Management
2.10  Elect Ekaterina Vasilyeva as Director     None      For        Management
2.11  Elect Anatoly Gavrilenko as Director      None      For        Management
2.12  Elect Sergey Korber as Director           None      Against    Management
2.13  Elect Evgeny Logovinsky as Director       None      For        Management
2.14  Elect Nikolay Mylnikov as Director        None      For        Management
2.15  Elect Dmitry Romaev as Director           None      Against    Management
2.16  Elect Maxim Tsyganov as Director          None      For        Management
3.1   Elect Lyudmila Arzhannikova as Member of  For       For        Management
      Audit Commission
3.2   Elect Natalia Belyakova as Member of      For       For        Management
      Audit Commission
3.3   Elect Svetlana Bocharova as Member of     For       For        Management
      Audit Commission
3.4   Elect Mikhail Batmanov as Member of Audit For       For        Management
      Commission
3.5   Elect Olga Koroleva as Member of Audit    For       For        Management
      Commission
4     Ratify CJSC KPMG as Auditor               For       For        Management
5     Approve New Edition of Charter            For       For        Management
6     Approve New Edition of Regulations on     For       For        Management
      Board of Directors
7     Approve New Edition of Regulations on     For       For        Management
      Audit Commission
8     Approve Remuneration of Directors         For       For        Management

--------------------------------------------------------------------------------

SBERBANK OF RUSSIA

Ticker:                      Security ID:  X76318108
Meeting Date: NOV 28, 2007   Meeting Type: Special
Record Date:  OCT 17, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Recall Andrey Kazmin as Company's         For       For        Management
      President
2     Elect German Gref as New President        For       For        Management

--------------------------------------------------------------------------------

SBERBANK OF RUSSIA

Ticker:                      Security ID:  X76318108
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of RUB 0.51 per Ordinary Share
      and RUB 0.65 per Preferred Share
4     Ratify CJSC PricewaterhouseCoopers Audit  For       For        Management
      as Auditor
5.1   Elect Sergey Ignatev as Director          None      Did Not    Management
                                                          Vote
5.2   Elect Alexey Ulukaev as Director          None      Did Not    Management
                                                          Vote
5.3   Elect Georgy Luntovsky as Director        None      Did Not    Management
                                                          Vote
5.4   Elect Valery Tkachenko as Director        None      Did Not    Management
                                                          Vote
5.5   Elect Nadezhda Ivanova as Director        None      Did Not    Management
                                                          Vote
5.6   Elect Sergey Shevtov as Director          None      Did Not    Management
                                                          Vote
5.7   Elect Konstantin Shor as Director         None      Did Not    Management
                                                          Vote
5.8   Elect Arkady Dvorkovich as Director       None      Did Not    Management
                                                          Vote
5.9   Elect Alexey Kudrin as Director           None      Did Not    Management
                                                          Vote
5.10  Elect Elvira Nabiullina as Director       None      Did Not    Management
                                                          Vote
5.11  Elect Anton Drozdov as Director           None      Did Not    Management
                                                          Vote
5.12  Elect Alexey Savatugin as Director        None      Did Not    Management
                                                          Vote
5.13  Elect German Gref as Director             None      Did Not    Management
                                                          Vote
5.14  Elect Bella Zlatkis as Director           None      Did Not    Management
                                                          Vote
5.15  Elect Sergey Guriev as Director           None      Did Not    Management
                                                          Vote
5.16  Elect Anton Danilov-Danilian as Director  None      For        Management
5.17  Elect Mikhail Dmitriev as Director        None      Did Not    Management
                                                          Vote
5.18  Elect Vladimir Mau as Director            None      Did Not    Management
                                                          Vote
5.19  Elect Boris Fedorov as Director           None      Did Not    Management
                                                          Vote
5.20  Elect Rajat Kumar Gupta as Director       None      Did Not    Management
                                                          Vote
6.1   Elect Vladimir Volkov as Member of Audit  For       For        Management
      Commission
6.2   Elect Valentina Khrapunkova as Member of  For       For        Management
      Audit Commission
6.3   Elect Ludmilla Zinina as Member of Audit  For       For        Management
      Commission
6.4   Elect Irina Mayorova as Member of Audit   For       For        Management
      Commission
6.5   Elect Valentina Tkachenko as Member of    For       For        Management
      Audit Commission
6.6   Elect Natalia Polonskaya as Member of     For       For        Management
      Audit Commission
6.7   Elect Maxim Dolzhnikov as Member of Audit For       For        Management
      Commission
7     Amend Charter                             For       Against    Management
8     Approve Remuneration of Directors and     For       For        Management
      Members of Audit Commission

--------------------------------------------------------------------------------

SBERBANK OF RUSSIA

Ticker:                      Security ID:  80529Q205
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 8, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income and          For       For        Management
      Dividends of RUB 0.51 per Ordinary Share
      and RUB 0.65 per Preferred Share
4     Ratify CJSC PricewaterhouseCoopers Audit  For       For        Management
      as Auditor
5.1   Elect Sergey Ignatev as Director          None      Against    Management
5.2   Elect Alexey Ulukaev as Director          None      Against    Management
5.3   Elect Georgy Luntovsky as Director        None      Against    Management
5.4   Elect Valery Tkachenko as Director        None      Against    Management
5.5   Elect Nadezhda Ivanova as Director        None      Against    Management
5.6   Elect Sergey Shevtov as Director          None      Against    Management
5.7   Elect Konstantin Shor as Director         None      Against    Management
5.8   Elect Arkady Dvorkovich as Director       None      Against    Management
5.9   Elect Alexey Kudrin as Director           None      Against    Management
5.10  Elect Elvira Nabiullina as Director       None      Against    Management
5.11  Elect Anton Drozdov as Director           None      Against    Management
5.12  Elect Alexey Savatugin as Director        None      Against    Management
5.13  Elect German Gref as Director             None      Against    Management
5.14  Elect Bella Zlatkis as Director           None      Against    Management
5.15  Elect Sergey Guriev as Director           None      Against    Management
5.16  Elect Anton Danilov-Danilian as Director  None      For        Management
5.17  Elect Mikhail Dmitriev as Director        None      Against    Management
5.18  Elect Vladimir Mau as Director            None      Against    Management
5.19  Elect Boris Fedorov as Director           None      Against    Management
5.20  Elect Rajat Kumar Gupta as Director       None      Against    Management
6.1   Elect Vladimir Volkov as Member of Audit  For       For        Management
      Commission
6.2   Elect Valentina Khrapunkova as Member of  For       For        Management
      Audit Commission
6.3   Elect Ludmilla Zinina as Member of Audit  For       For        Management
      Commission
6.4   Elect Irina Mayorova as Member of Audit   For       For        Management
      Commission
6.5   Elect Valentina Tkachenko as Member of    For       For        Management
      Audit Commission
6.6   Elect Natalia Polonskaya as Member of     For       For        Management
      Audit Commission
6.7   Elect Maxim Dolzhnikov as Member of Audit For       For        Management
      Commission
7     Amend Charter                             For       Against    Management
8     Approve Remuneration of Directors and     For       For        Management
      Members of Audit Commission

--------------------------------------------------------------------------------

SISTEMA JSFC

Ticker:                      Security ID:  48122U204
Meeting Date: JUN 28, 2008   Meeting Type: Annual
Record Date:  MAY 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Meeting Procedures                For       For        Management
2     Approve Annual Report and Financial       For       For        Management
      Statements
3     Approve Allocation of Income and          For       For        Management
      Dividends of RUB 0.25 per Share
4.1   Elect Vsevolod Rozanov as Member of Audit For       For        Management
      Commission
4.2   Elect Sergey Zaitsev as Member of Audit   For       For        Management
      Commission
4.3   Elect Olga Shurygina as Member of Audit   For       For        Management
      Commission
5.1   Elect Alexander Goncharuk as Director     None      Against    Management
5.2   Elect Alexander Gorbatovsky as Director   None      For        Management
5.3   Elect Vladimir Evtushenkov as Director    None      Against    Management
5.4   Elect Ron Zommer as Director              None      For        Management
5.5   Elect Dmitry Zubov as Director            None      Against    Management
5.6   Elect Viacheslav Kopiev as Director       None      Against    Management
5.7   Elect Evgeny Novitsky as Director         None      Against    Management
5.8   Elect Stephen Newhouse as Director        None      For        Management
5.9   Elect Robert Skidelsky as Director        None      Against    Management
5.10  Elect Sergey Cheremin as Director         None      Against    Management
6.1   Ratify CJSC Audit-Garantiya-M as Auditor  For       For        Management
      to Audit Company's Financial Statements
      Prepared in Accordance with Russian
      Accounting Standards
6.2   Ratify Deloitte Touche Regional           For       For        Management
      Consulting Services Ltd. as Auditor to
      Audit Company's Financial Statements
      Prepared in Accordance with International
      Financial Reporting Standards
7     Approve New Edition of Regulations on     For       For        Management
      Management
8     Approve New Edition of Regulations on     For       For        Management
      Board of Directors

--------------------------------------------------------------------------------

SURGUTNEFTEGAZ

Ticker:                      Security ID:  868861204
Meeting Date: APR 30, 2008   Meeting Type: Annual
Record Date:  MAR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO APPROVE OJSC  SURGUTNEFTEGAS  ANNUAL   For       For        Management
      REPORT FOR 2007.
2     TO APPROVE ANNUAL ACCOUNTING STATEMENTS   For       For        Management
      OF OJSC  SURGUTNEFTEGAS , INCLUDING
      PROFIT AND LOSS STATEMENT FOR 2007.
3     TO APPROVE THE DISTRIBUTION OF PROFIT     For       For        Management
      (LOSS) OF OJSC  SURGUTNEFTEGAS  FOR 2007.
      TO DECLARE DIVIDEND PAYMENT FOR 2007: FOR
      A PREFERRED SHARE OF OJSC  SURGUTNEFTEGAS
       - 0.82 RUBLES, FOR AN ORDINARY SHARE OF
      OJSC  SURGUTNEFTEGAS  - 0.6 RUBLES
4     TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      ANANIEV SERGEI ALEKSEEVICH
5     TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      BOGDANOV VLADIMIR LEONIDOVICH
6     TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      BULANOV ALEXANDER NIKOLAEVICH
7     TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      GORBUNOV IGOR NIKOLAEVICH
8     TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      DRUCHININ VLADISLAV EGOROVICH
9     TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      EGOROV OLEG YURIEVICH
10    TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      EROKHIN VLADIMIR PETROVICH
11    TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      MATVEEV NIKOLAI IVANOVICH
12    TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      MEDVEDEV NIKOLAI YAKOVLEVICH
13    TO ELECT TO THE BOARD OF DIRECTORS:       None      For        Management
      REZYAPOV ALEXANDER FILIPPOVICH
14    ELECTION TO THE AUDITING COMMITTEE OF     For       For        Management
      OJSC  SURGUTNEFTEGAS : KOMAROVA VALENTINA
      PANTELEEVNA
15    ELECTION TO THE AUDITING COMMITTEE OF     For       For        Management
      OJSC  SURGUTNEFTEGAS : OLEYNIK TAMARA
      FEDOROVNA
16    ELECTION TO THE AUDITING COMMITTEE OF     For       For        Management
      OJSC  SURGUTNEFTEGAS : POZDNYAKOVA VERA
      ALEKSANDROVNA
17    TO APPROVE LIMITED LIABILITY COMPANY      For       For        Management
      ROSEKSPERTIZA  AS THE AUDITOR OF OJSC
      SURGUTNEFTEGAS  FOR 2008.
18    TO APPROVE TRANSACTIONS WHICH MAY BE      For       Against    Management
      CONDUCTED IN THE FUTURE BETWEEN OJSC
      SURGUTNEFTEGAS  AND ITS AFFILIATED
      PARTIES IN THE COURSE OF GENERAL BUSINESS
      ACTIVITY OF OJSC  SURGUTNEFTEGAS

--------------------------------------------------------------------------------

TATNEFT OAO

Ticker:                      Security ID:  670831205
Meeting Date: JUN 26, 2008   Meeting Type: Annual
Record Date:  MAY 12, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income              For       For        Management
4     Approve Dividends                         For       For        Management
5.1   Elect Valery Vasiliev as Director         None      For        Management
5.2   Elect David Waygood as Director           None      For        Management
5.3   Elect Maria Voskresenskaya as Director    None      For        Management
5.4   Elect Radik Gaizatullin as Director       None      For        Management
5.5   Elect Sushovan Ghosh as Director          None      For        Management
5.6   Elect Nail Ibragimov as Director          None      For        Management
5.7   Elect Vladimir Lavushchenko as Director   None      For        Management
5.8   Elect Nail Maganov as Director            None      For        Management
5.9   Elect Renat Muslimov as Director          None      For        Management
5.10  Elect Rinat Sabirov as Director           None      For        Management
5.11  Elect Valery Sorokin as Director          None      For        Management
5.12  Elect Mirgaziyan Taziev as Director       None      For        Management
5.13  Elect Shafgat Takhautdinov as Director    None      For        Management
5.14  Elect Rais Khisamov as Director           None      For        Management
6.1   Elect Tamara Vilkova to Audit Commission  For       For        Management
6.2   Elect Nazilya Galieva to Audit Commission For       For        Management
6.3   Elect Ferdinand Galiullin to Audit        For       For        Management
      Commission
6.4   Elect Venera Kuzmina to Audit Commission  For       For        Management
6.5   Elect Nikolay Lapin to Audit Commission   For       For        Management
6.6   Elect Galina Malyazina to Audit           For       For        Management
      Commission
6.7   Elect Liliya Rakhimzyanova to Audit       For       For        Management
      Commission
6.8   Elect Alfiya Sinegaeva to Audit           For       For        Management
      Commission
7     Ratify CJSC Energy Consulting as Auditor  For       For        Management
8     Amend Charter                             For       Against    Management

--------------------------------------------------------------------------------

TELEKOMUNIKACJA POLSKA S.A.

Ticker:                      Security ID:  X6669J101
Meeting Date: NOV 28, 2007   Meeting Type: Special
Record Date:  NOV 21, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Elect Members of Vote Counting Commission For       For        Management
6     Approve Share Cancellation                For       For        Management
7     Amend Statute to Reflect PLN 93.7 Million For       For        Management
      Reduction in Share Capital via Share
      Cancellation
8     Approve Changes to Composition of         For       For        Management
      Supervisory Board
9     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TELEKOMUNIKACJA POLSKA S.A.

Ticker:                      Security ID:  X6669J101
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:  APR 17, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Elect Members of Vote Counting Commission For       Did Not    Management
                                                          Vote
6.1   Receive Financial Statements and          None      Did Not    Management
      Management Board Report on Company's                Vote
      Operations in Fiscal 2007
6.2   Receive Management Board Proposal         None      Did Not    Management
      Regarding Allocation of Company's 2007              Vote
      Income, Including Dividend Payout
6.3   Receive Supervisory Board Report on       None      Did Not    Management
      Management Board Report on Company's                Vote
      Operations in Fiscal 2007, Financial
      Statements, and Management Board Proposal
      Regarding Allocation of Company's 2007
      Income
6.4   Receive Consolidated Financial Statements None      Did Not    Management
      and Management Board Report on Group's              Vote
      Operations in Fiscal 2007
6.5   Receive Supervisory Board Report on       None      Did Not    Management
      Management Board Report on Group's                  Vote
      Operations in Fiscal 2007 and
      Consolidated Financial Statements
6.6   Receive Supervisory Board's Evaluation of None      Did Not    Management
      Company's Standing in Fiscal 2007 and               Vote
      Report on Supervisory Board's Activities
      in Fiscal 2007
7.1   Approve Management Board Report on        For       Did Not    Management
      Company's Operations in Fiscal 2007                 Vote
7.2   Approve Financial Statements              For       Did Not    Management
                                                          Vote
7.3   Approve Allocation of Income and          For       Did Not    Management
      Dividends                                           Vote
7.4   Approve Allocation of Income from         For       Did Not    Management
      Previous Years                                      Vote
7.5   Approve Management Board Report on        For       Did Not    Management
      Group's Operations in Fiscal 2007                   Vote
7.6   Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
7.7   Approve Discharge of Management and       For       Did Not    Management
      Supervisory Boards                                  Vote
8     Authorize Share Repurchase Program        For       Did Not    Management
                                                          Vote
9     Amend Regulations on General Meetings     For       Did Not    Management
                                                          Vote
10    Approve Changes to Composition of         For       Did Not    Management
      Supervisory Board                                   Vote
11    Close Meeting                             None      Did Not    Management
                                                          Vote

--------------------------------------------------------------------------------

TGC- 5

Ticker:                      Security ID:  881459101
Meeting Date: MAY 23, 2008   Meeting Type: Annual
Record Date:  APR 14, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report and Financial       For       For        Management
      Statements
2     Approve Allocation of Income and Omission For       For        Management
      of Dividends
3.1   Elect Dmitry Akhanov as Director          None      For        Management
3.2   Elect Sergey Zhuravlev as Director        None      For        Management
3.3   Elect Andrey Kozlov as Director           None      For        Management
3.4   Elect Andrey Lukin as Director            None      For        Management
3.5   Elect Natalia Petrikina as Director       None      For        Management
3.6   Elect Lev Ketkin as Director              None      For        Management
3.7   Elect Alexey Glushenko as Director        None      For        Management
3.8   Elect Mikhail Eremenko as Director        None      For        Management
3.9   Elect Evgeny Pyin as Director             None      For        Management
3.10  Elect Maxim Krasnikov as Director         None      For        Management
3.11  Elect Elena Kolosok as Director           None      For        Management
3.12  Elect Vladimir Kolushov as Director       None      For        Management
3.13  Elect Denis Rudak as Director             None      For        Management
3.14  Elect Mikhail Slobodin as Director        None      For        Management
3.15  Elect Eduard Smelov as Director           None      For        Management
3.16  Elect Oleg Fedotovskiy as Director        None      For        Management
3.17  Elect Mikhail Azovtsev as Director        None      For        Management
3.18  Elect Vyacheslav Baitekov as Director     None      For        Management
3.19  Elect Marat Bashirov as Director          None      For        Management
3.20  Elect Natalia Bondal as Director          None      For        Management
3.21  Elect Dmitry Guralev as Director          None      For        Management
3.22  Elect Sergey Drozhzhin as Director        None      For        Management
3.23  Elect Alexey Zakrevskiy as Director       None      For        Management
3.24  Elect Vladimir Kokorin as Director        None      For        Management
3.25  Elect Mikhail Kuznetsov as Director       None      For        Management
3.26  Elect Andrey Makarov as Director          None      For        Management
3.27  Elect Pavel Shedrovitskiy as Director     None      For        Management
3.28  Elect Mikhail Kurbatov as Director        None      For        Management
4.1   Elect Irina Korovkina to Audit Commission For       Against    Management
4.2   Elect Maria Tikhonova to Audit Commission For       Against    Management
4.3   Elect Alexey Chmyrev to Audit Commission  For       Against    Management
4.4   Elect Mikhail Lavrov to Audit Commission  For       Against    Management
4.5   Elect Sergey Nedomets to Audit Commission For       For        Management
4.6   Elect Anatoly Tunyaev to Audit Commission For       For        Management
4.7   Elect Vitaly Valerievich to Audit         For       For        Management
      Commission
4.8   Elect Marina Balabaeva to Audit           For       Against    Management
      Commission
4.9   Elect Irina Kashpitar to Audit Commission For       For        Management
4.10  Elect Olga Kuzmina to Audit Commission    For       For        Management
5     Ratify CJSC KPMG as Auditor               For       For        Management
6     Approve Transfer of Powers of General     For       For        Management
      Director to Managing Company CJSC
      Kompleksnye Energeticheskiye Systemy
7     Approve Remuneration of Directors         For       For        Management
8     Amend Charter                             For       Against    Management

--------------------------------------------------------------------------------

TMK OAO

Ticker:       TMKOY          Security ID:  87260R201
Meeting Date: DEC 25, 2007   Meeting Type: Special
Record Date:  NOV 8, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Dividends of RUB 3.63 Per Share   For       For        Management
      for First Nine Months of Fiscal 2007
2     Approve Revised Edition of Regulations on For       For        Management
      Management
3     Approve Related-Party Transactions        For       For        Management

--------------------------------------------------------------------------------

TOFAS TURK OTOMOBIL FABRIKASI ANONIM SIRKETI

Ticker:                      Security ID:  M87892101
Meeting Date: APR 24, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Accept Financial Statements and Statutory For       For        Management
      Reports
3     Ratify Director Appointments              For       For        Management
4     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
5     Approve Allocation of Income              For       For        Management
6     Receive Information on Profit             None      None       Management
      Distribution Policy
7     Receive Information on Charitable         None      None       Management
      Donations
8     Elect Directors                           For       For        Management
9     Appoint Internal Statutory Auditors       For       For        Management
10    Approve Results of External Auditor       For       For        Management
11    Approve Remuneration of Directors and     For       For        Management
      Auditors
12    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
13    Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
14    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TRAKYA CAM

Ticker:                      Security ID:  M8811Q100
Meeting Date: AUG 2, 2007    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting and    For       For        Management
      Provide Authorization to Sign Meeting
      Minutes
2     Approve Merger Agreement                  For       For        Management
3     Approve Merger by Absorption              For       For        Management
4     Amend Company Articles                    For       For        Management

--------------------------------------------------------------------------------

TRAKYA CAM SANAYII AS

Ticker:                      Security ID:  M8811Q100
Meeting Date: APR 21, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Receive Statutory Reports                 None      None       Management
4     Accept Financial Statements               For       For        Management
5     Approve Allocation of Income              For       For        Management
6     Ratify Director Appointment               For       For        Management
7     Approve Discharge of Board                For       For        Management
8     Approve Discharge of Internal Auditors    For       For        Management
9     Appoint Internal Auditors                 For       For        Management
10    Amend Articles: Capital Related           For       For        Management
11    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
12    Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
13    Receive Information on Charitable         None      None       Management
      Donations
14    Ratify External Auditors                  For       For        Management
15    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TUPRAS TURKIYE PETROL RAFINERILERI A.S.

Ticker:       TUPRS          Security ID:  M8966X108
Meeting Date: APR 22, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Accept Financial Statements and Statutory For       For        Management
      Reports
3     Ratify Director Appointments              For       For        Management
4     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
5     Elect Directors                           For       For        Management
6     Appoint Internal Auditors                 For       For        Management
7     Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
8     Approve Allocation of Income              For       For        Management
9     Receive Information on Profit             None      None       Management
      Distribution Policy
10    Receive Information on Disclosure Policy  None      None       Management
11    Receive Information on Ethics Principles  None      None       Management
12    Receive Information on Charitable         None      None       Management
      Donations
13    Ratify External Auditors                  For       For        Management
14    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
15    Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
16    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TURKCELL ILETISIM HIZMETLERI A.S.

Ticker:                      Security ID:  M8903B102
Meeting Date: SEP 21, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Presiding Council of Meeting        For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Amend Articles Re: Corporate Purpose      For       For        Management
4     Fix Remuneration and Attendance Fees for  For       For        Management
      Management Members
5     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TURKCELL ILETISIM HIZMETLERI AS

Ticker:                      Security ID:  M8903B102
Meeting Date: APR 25, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Ratify Director Appointments              For       For        Management
4     Receive Statutory Reports                 None      None       Management
5     Accept Financial Statements               For       For        Management
6     Approve Discharge of Directors and        For       For        Management
      Auditors
7     Appoint Internal Statutory Auditors and   For       For        Management
      Approve Their Remuneration
8     Approve Allocation of Income              For       For        Management
9     Receive Information on Charitable         None      None       Management
      Donations
10    Ratify External Auditors                  For       For        Management
11    Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose
12    Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TURKIYE GARANTI BANKASI

Ticker:                      Security ID:  M4752S106
Meeting Date: OCT 4, 2007    Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Amend Company Bylaws                      For       For        Management

--------------------------------------------------------------------------------

TURKIYE GARANTI BANKASI

Ticker:                      Security ID:  M4752S106
Meeting Date: APR 3, 2008    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Receive Statutory Reports                 None      None       Management
4     Approve Financial Statements and          For       For        Management
      Allocation of Income and Dividends
5     Approve Discharge of Directors and        For       For        Management
      Auditors
6     Approve Remuneration of Directors and     For       For        Management
      Auditors
7     Receive Information on Charitable         None      None       Management
      Donations
8     Grant Permission for Board Members to     For       For        Management
      Engage in Commercial Transactions with
      Company and Be Involved in Companies with
      Similar Corporate Purpose

--------------------------------------------------------------------------------

TURKIYE GARANTI BANKASI

Ticker:                      Security ID:  M4752S106
Meeting Date: JUN 13, 2008   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Minutes of Meeting
3     Authorize Purchase of Founder Shares      For       For        Management
4     Amend Company Articles                    For       For        Management

--------------------------------------------------------------------------------

TURKIYE IS BANKASI AS

Ticker:                      Security ID:  M8933F115
Meeting Date: JUL 25, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting, Elect Chairman, and Issue   For       For        Management
      Authorization to Sign Meeting Minutes
2     Amend Company Articles                    For       For        Management

--------------------------------------------------------------------------------

TURKIYE IS BANKASI AS

Ticker:                      Security ID:  M8933F115
Meeting Date: JUL 25, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting, Elect Chairman, and Issue   For       For        Management
      Authorization to Sign Meeting Minutes
2     Amend Company Articles                    For       For        Management

--------------------------------------------------------------------------------

TURKIYE VAKIFLAR BANKASI TAO

Ticker:                      Security ID:  M9037B109
Meeting Date: MAR 21, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting and Elect Presiding Council  For       For        Management
2     Authorize Presiding Council to Sign       For       For        Management
      Meeting Minutes
3     Receive Statutory Reports                 None      None       Management
4     Accept Financial Statements               For       For        Management
5     Approve Discharge of Directors and        For       For        Management
      Internal Auditors
6     Approve Dividends                         For       For        Management
7     Presentation of Dividend Policy           None      None       Management
8     Ratify Director Appointments              For       For        Management
9     Elect Directors                           For       For        Management
10    Appoint Internal Statutory Auditors       For       For        Management
11    Approve Remuneration of Directors and     For       For        Management
      Internal Auditors
12    Approve External Auditors                 For       For        Management
13    Approve Changes to Personnel Regulations  For       Against    Management
14    Presentation of Donations Made in 2007    None      None       Management

--------------------------------------------------------------------------------

TVN S.A.

Ticker:                      Security ID:  X9283W102
Meeting Date: NOV 20, 2007   Meeting Type: Special
Record Date:  NOV 13, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      None       Management
2     Elect Meeting Chairman                    For       For        Management
3     Acknowledge Proper Convening of Meeting   For       For        Management
4     Approve Agenda of Meeting                 For       For        Management
5     Elect Members of Vote Counting Commission For       For        Management
6     Approve Merger with TVN Turbo Sp. z o.o.  For       For        Management
7     Amend Statute                             For       Against    Management
8     Approve Final Edition of Statute          For       Against    Management
9     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

TVN S.A.

Ticker:                      Security ID:  X9283W102
Meeting Date: MAY 9, 2008    Meeting Type: Annual
Record Date:  MAY 2, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Open Meeting                              None      Did Not    Management
                                                          Vote
2     Elect Meeting Chairman                    For       Did Not    Management
                                                          Vote
3     Acknowledge Proper Convening of Meeting   For       Did Not    Management
                                                          Vote
4     Approve Agenda of Meeting                 For       Did Not    Management
                                                          Vote
5     Elect Members of Vote Counting Commission For       Did Not    Management
                                                          Vote
6     Approve Financial Statements              For       Did Not    Management
                                                          Vote
7     Approve Management Board Report on        For       Did Not    Management
      Company's Operations in Fiscal 2007                 Vote
8     Approve Consolidated Financial Statements For       Did Not    Management
                                                          Vote
9     Approve Discharge of Management Board     For       Did Not    Management
                                                          Vote
10    Approve Discharge of Supervisory Board    For       Did Not    Management
                                                          Vote
11    Approve Allocation of Income              For       Did Not    Management
                                                          Vote
12    Approve Dividends                         For       Did Not    Management
                                                          Vote
13    Approve Supervisory Board Report on       For       Did Not    Management
      Company's Standing in Fiscal 2007                   Vote
14    Approve Report on Supervisory Board       For       Did Not    Management
      Activities in Fiscal 2007                           Vote
15    Fix Number of Supervisory Board Members   For       Did Not    Management
                                                          Vote
16    Elect Supervisory Board Members (Bundled) For       Did Not    Management
                                                          Vote
17    Amend Terms of Incentive Plans I and II   For       Did Not    Management
                                                          Vote
18    Amend Statute to Reflect Changes in       For       Did Not    Management
      Capital; Approve Uniform Text of Statute            Vote
19    Close Meeting                             None      Did Not    Management
                                                          Vote

--------------------------------------------------------------------------------

UNIFIED ENERGY SYSTEMS RAO

Ticker:                      Security ID:  904688207
Meeting Date: OCT 26, 2007   Meeting Type: Special
Record Date:  AUG 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Reorganization of OJSC Unified    For       For        Management
      Energy Systems RAO via Spin-Off of 28
      Open Joint Stock Companies
2     Elect Directors of OJSC State Holding via None      For        Management
      Cumulative Voting
3     Elect Directors of OJSC State Holding     None      For        Management
      GidroOGK via Cumulative Voting
4     Elect Directors of OJSC Minority Holding  None      For        Management
      FSK UES via Cumulative Voting
5     Elect Directors of OJSC Minority Holding  None      For        Management
      GidroOGK via Cumulative Voting
6     Elect Directors of OJSC OGK-1 Holding via None      For        Management
      Cumulative Voting
7     Elect Directors of OJSC OGK-2 Holding via None      For        Management
      Cumulative Voting
8     Elect Directors of OJSC OGK-3 Holding via None      For        Management
      Cumulative Voting
9     Elect Directors of OJSC OGK-4 Holding via None      For        Management
      Cumulative Voting
10    Elect Directors of OJSC OGK-6 Holding via None      For        Management
      Cumulative Voting
11    Elect Directors of OJSC TGK-1 Holding via None      For        Management
      Cumulative Voting
12    Elect Directors of OJSC TGK-2 Holding via None      For        Management
      Cumulative Voting
13    Elect Directors of OJSC Mosenergo Holding None      For        Management
      via Cumulative Voting
14    Elect Directors of OJSC TGK-4 Holding via None      For        Management
      Cumulative Voting
15    Elect Directors of OJSC TGK-6 Holding via None      For        Management
      Cumulative Voting
16    Elect Directors of OJSC Volzhskaya TGK    None      For        Management
      Holding via Cumulative Voting
17    Elect Directors of OJSC UGK TGK-8 Holding None      For        Management
      via Cumulative Voting
18    Elect Directors of OJSC TGK-9 Holding via None      For        Management
      Cumulative Voting
19    Elect Directors of OJSC TGK-10 Holding    None      For        Management
      via Cumulative Voting
20    Elect Directors of OJSC TGK-11 Holding    None      For        Management
      via Cumulative Voting
21    Elect Directors of OJSC Kuzbassenergo     None      For        Management
      Holding via Cumulative Voting
22    Elect Directors of OJSC Eniseyskaya TGK   None      For        Management
      Holding via Cumulative Voting
23    Elect Directors of OJSC TGK-14 Holding    None      For        Management
      via Cumulative Voting
24    Elect Directors of OJSC Inter RAO UES     None      For        Management
      Holding via Cumulative Voting
25    Elect Directors of OJSC Holding MRSK via  None      For        Management
      Cumulative Voting
26    Elect Directors of OJSC Far East and      None      For        Management
      Isolated Energy Systems Holding via
      Cumulative Voting
27    Elect Directors of OJSC Center Energy     None      For        Management
      Holding via Cumulative Voting
28    Elect Directors of OJSC Sibenergo Holding None      For        Management
      via Cumulative Voting
29    Elect Directors of OJSC Intergeneration   None      For        Management
      via Cumulative Voting
30    Approve Merger of OJSC State Holding with For       For        Management
      OJSC FSK UES
31    Approve Merger of OJSC State Holding      For       For        Management
      GidroOGK with OJSC GidroOGK
32    Approve Merger of OJSC Minority Holding   For       For        Management
      FSK UES with OJSC FSK UES
33    Approve Merger of OJSC Minority Holding   For       For        Management
      GidroOGK with OJSC GidroOGK
34    Approve Merger of OJSC OGK-1 Holding with For       For        Management
      OJSC OGK-1
35    Approve Merger of OJSC OGK-2 Holding with For       For        Management
      OJSC OGK-2
36    Approve Merger of OJSC OGK-3 Holding with For       For        Management
      OJSC OGK-3
37    Approve Merger of OJSC OGK-4 Holding with For       For        Management
      OJSC OGK-4
38    Approve Merger of OJSC OGK-6 Holding with For       For        Management
      OJSC OGK-6
39    Approve Merger of OJSC TGK-1 Holding with For       For        Management
      OJSC TGK-1
40    Approve Merger of OJSC TGK-2 Holding with For       For        Management
      OJSC TGK-2
41    Approve Merger of OJSC Mosenergo Holding  For       For        Management
      with OJSC Mosenergo
42    Approve Merger of OJSC TGK-4 Holding with For       For        Management
      OJSC TGK-4
43    Approve Merger of OJSC TGK-6 Holding with For       For        Management
      OJSC TGK-6
44    Approve Merger of OJSC Volzhskaya TGK     For       For        Management
      Holding with OJSC Volzhskaya TGK
45    Approve Merger of OJSC UGK TGK-8 Holding  For       For        Management
      with OJSC UGK TGK-8 Holding
46    Approve Merger of OJSC TGK-9 Holding with For       For        Management
      OJSC TGK-9
47    Approve Merger of OJSC TGK-10 Holding     For       For        Management
      with OJSC TGK-10
48    Approve Merger of OJSC TGK-11 Holding     For       For        Management
      with OJSC TGK-11
49    Approve Merger of OJSC Kuzbassenergo      For       For        Management
      Holding with OJSC Kuzbassenergo
50    Approve Merger of OJSC Eniseyskaya TGK    For       For        Management
      Holding with OJSC Eniseyskaya TGK
51    Approve Merger of OJSC TGK-14 Holding     For       For        Management
      with OJSC TGK-14
52    Approve Merger of OJSC Inter RAO UES      For       For        Management
      Holding with OJSC Sochi TES
53    Approve Merger of OJSC RAO UES Russia     For       For        Management
      with OJSC FSK UES

--------------------------------------------------------------------------------

UNIFIED ENERGY SYSTEMS RAO

Ticker:                      Security ID:  904688207
Meeting Date: OCT 26, 2007   Meeting Type: Special
Record Date:  AUG 23, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     TO REORGANIZE RAO UES OF RUSSIA IN THE    For       For        Management
      FORM OF SPIN-OFF OF OAO STATE HOLDING,
      OAO STATE HOLDING HYDROOGK, OAO MINORITY
      HOLDING FGC UES, OAO MINORITY HOLDING
      HYDROOGK, OAO OGK-1 HOLDING, OAO OGK-2
      HOLDING, OAO OGK-3 HOLDING, OAO OGK-4
      HOLDING, OAO OGK-6 H
2     ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO STATE HOLDING.
3     ELECTION OF MEMBERS OF THE BOARD OF OAO   None      For        Management
      HYDROOGK STATE HOLDING.
4     ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO FGC UES MINORITY
      HOLDING.
5     ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO HYDROOGK MINORITY
      HOLDING.
6     ELECTION OF MEMBERS OF THE BOARD OF OAO   None      For        Management
      OGK-1 HOLDING.
7     ELECTION OF MEMBERS OF THE BOARD OF OAO   None      For        Management
      OGK-2 HOLDING.
8     ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO OGK-3 HOLDING.
9     ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO OGK-4 HOLDING.
10    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO OGK-6 HOLDING.
11    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-1 HOLDING.
12    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-2 HOLDING.
13    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO MOSENERGO HOLDING.
14    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-4 HOLDING.
15    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-6 HOLDING.
16    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO VOLJSKAYA TGK HOLDING.
17    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO UGK TGK-8 HOLDING.
18    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-9 HOLDING.
19    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-10 HOLDING.
20    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-11 HOLDING.
21    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO KUZBASSENERGO HOLDING.
22    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO YENISEYSKAYA TGK
      HOLDING.
23    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO TGK-14 HOLDING.
24    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO INTER RAO UES HOLDING.
25    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO MRSK HOLDING.
26    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF  OAO RAO ENERGY SYSTEM OF
      THE EAST HOLDING.
27    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO CENTERENERGYHOLDING
      HOLDING.
28    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO SIBENERGYHOLDING.
29    ELECTION OF MEMBERS OF THE BOARD OF       None      For        Management
      DIRECTORS OF OAO INTERGENERATION.
30    TO REORGANIZE OAO STATE HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF RAO UES OF RUSSIA) THROUGH A TAKEOVER
      BY OAO FGC UES (OGRN 1024701893336) UNDER
      TERMS AND CONDITIONS PROVIDED FOR BY THIS
      RESOLUTION AND THE TAKEOVER AGREEMENT
      BEING APPR
31    TO REORGANIZE OAO STATE HOLDING HYDROOGK  For       For        Management
      (TO BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO HYDROOGK (OGRN
      1042401810494) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      TAKEOVER AGREEM
32    TO REORGANIZE OAO MINORITY HOLDING FGC    For       For        Management
      UES (TO BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO FGC UES (OGRN
      1024701893336) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      TAKEOVER AGREE
33    TO REORGANIZE OAO MINORITY HOLDING        For       For        Management
      HYDROOGK (TO BE ESTABLISHED AS A RESULT
      OF REORGANIZATION OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO HYDROOGK (OGRN
      1042401810494) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      TAKEOVER AGREEM
34    TO REORGANIZE OAO OGK-1 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO OGK-1 (OGRN
      1057200597960) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
35    TO REORGANIZE OAO OGK-2 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO OGK-2 (OGRN
      1052600002180) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
36    TO REORGANIZE OAO OGK-3 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO OGK-3 (OGRN
      1040302983093) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
37    TO REORGANIZE OAO OGK-4 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO OGK-4 (OGRN
      1058602056985) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
38    TO REORGANIZE OAO OGK-6 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO OGK-6 (OGRN
      1056164020769) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
39    TO REORGANIZE OAO TGK-1 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-1 (OGRN
      1057810153400) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
40    TO REORGANIZE OAO TGK-2 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-2 (OGRN
      1057601091151) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
41    TO REORGANIZE OAO MOSENERGO HOLDING (TO   For       For        Management
      BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO MOSENERGO (OGRN
      1027700302420) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEO
42    TO REORGANIZE OAO TGK-4 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-4 (OGRN
      1056882304489) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
43    TO REORGANIZE OAO TGK-6 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-6 (OGRN
      1055230028006) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
44    TO REORGANIZE OAO VOLJSKAYA TGK HOLDING   For       For        Management
      (TO BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO VOLJSKAYA TGK
      (OGRN 1056315070350) UNDER TERMS AND
      CONDITIONS PROVIDED FOR BY THIS
      RESOLUTION AND THE AGREEMENT F
45    TO REORGANIZE OAO UGK TGK-8 HOLDING (TO   For       For        Management
      BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO UGK TGK-8 (OGRN
      1053000012790) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEO
46    TO REORGANIZE OAO TGK-9 HOLDING (TO BE    For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-9 (OGRN
      1045900550024) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF O
47    TO REORGANIZE OAO TGK-10 HOLDING (TO BE   For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-10 (OGRN
      1058602102437) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF
48    TO REORGANIZE OAO TGK-11 HOLDING (TO BE   For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-11 (OGRN
      1055406226237) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF
49    TO REORGANIZE OAO KUZBASSENERGO HOLDING   For       For        Management
      (TO BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO KUZBASSENERGO
      (OGRN 1024200678260) UNDER TERMS AND
      CONDITIONS PROVIDED FOR BY THIS
      RESOLUTION AND THE AGREEMENT F
50    TO REORGANIZE OAO ENISEISKAYA TGK HOLDING For       For        Management
      (TO BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO ENISEISKAYA TGK
      (TGK-13) (OGRN 1051901068020) UNDER TERMS
      AND CONDITIONS PROVIDED FOR BY THIS
      RESOLUTION AND TH
51    TO REORGANIZE OAO TGK-14 HOLDING (TO BE   For       For        Management
      ESTABLISHED AS A RESULT OF REORGANIZATION
      OF OAO RAO UES OF RUSSIA) THROUGH A
      TAKEOVER BY OAO TGK-14 (OGRN
      1047550031242) UNDER TERMS AND CONDITIONS
      PROVIDED FOR BY THIS RESOLUTION AND THE
      AGREEMENT FOR TAKEOVER OF
52    TO REORGANIZE OAO INTER RAO UES HOLDING   For       For        Management
      (TO BE ESTABLISHED AS A RESULT OF
      REORGANIZATION OF OAO RAO UES OF RUSSIA)
      THROUGH A TAKEOVER BY OAO SOCHINSKAYA TPP
      (OGRN 1022302933630) UNDER TERMS AND
      CONDITIONS PROVIDED FOR BY THIS
      RESOLUTION AND THE TAKEOVER
53    TO REORGANIZE OAO RAO UES OF RUSSIA IN    For       For        Management
      THE FORM OF TAKEOVER BY OAO FGC UES (OGRN
      1024701893336) UNDER THE CONDITIONS SET
      FORTH BY THIS RESOLUTION AND TAKEOVER
      AGREEMENT APPROVED BY THIS RESOLUTION.

--------------------------------------------------------------------------------

UNIFIED ENERGY SYSTEMS RAO

Ticker:                      Security ID:  904688207
Meeting Date: MAY 28, 2008   Meeting Type: Annual
Record Date:  APR 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     APPROVAL OF THE ANNUAL REPORT OF RAO UES  For       For        Management
      OF RUSSIA FOR 2007, ANNUAL FINANCIAL
      STATEMENTS, INCLUDING THE PROFIT AND LOSS
      STATEMENT (PROFIT AND LOSS ACCOUNT) AND
      THE STATEMENT OF APPROPRIATION OF
      PROFIT/LOSS AT FISCAL YEAR END.
2     DIVIDEND FOR 2007 ON SHARES OF ALL        For       For        Management
      CATEGORIES IN THE COMPANY SHALL NOT BE
      PAID.
3     APPROVAL OF ZAO  PRICEWATERHOUSECOPERS    For       For        Management
      AUDIT  AS THE AUDITOR OF RAO UES OF
      RUSSIA.
4.1   ELECTION OF DIRECTOR: KIRILL GENNADYEVICH None      Against    Management
      ANDROSOV
4.2   ELECTION OF DIRECTOR: DMITRY SERGEEVICH   None      Against    Management
      AKHANOV
4.3   ELECTION OF DIRECTOR: ANDREI YEVGENYEVICH None      Against    Management
      BUGROV
4.4   ELECTION OF DIRECTOR: ALEKSANDR           None      Against    Management
      STALIEVICH VOLOSHIN
4.5   ELECTION OF DIRECTOR: ANDREI              None      Against    Management
      VLADIMIROVICH DEMENTIEV
4.6   ELECTION OF DIRECTOR: YURY MITROFANOVICH  None      Against    Management
      MEDVEDEV
4.7   ELECTION OF DIRECTOR: ELVIRA              None      Against    Management
      SAKHIPZADOVNA NABIULLINA
4.8   ELECTION OF DIRECTOR: GLEB SERGEYEVICH    None      Against    Management
      NIKITIN
4.9   ELECTION OF DIRECTOR: YEGOR NIKOLAEVICH   None      Against    Management
      POLYAKOV
4.10  ELECTION OF DIRECTOR: OLGA STANISLAVOVNA  None      Against    Management
      PUSHKAREVA
4.11  ELECTION OF DIRECTOR: VLADIMIR            None      Against    Management
      VALERYEVICH RASHEVSKY
4.12  ELECTION OF DIRECTOR: SEPPO JUHA REMES    None      For        Management
4.13  ELECTION OF DIRECTOR: KIRILL GENNADIEVICH None      Against    Management
      SELEZNEV
4.14  ELECTION OF DIRECTOR: ALEXEI              None      Against    Management
      KONSTANTINOVICH UVAROV
4.15  ELECTION OF DIRECTOR: YAKOV MOISEYEVICH   None      Against    Management
      URINSON
4.16  ELECTION OF DIRECTOR: VIKTOR BORISOVICH   None      Against    Management
      KHRISTENKO
4.17  ELECTION OF DIRECTOR: ANATOLY BORISOVICH  None      Against    Management
      CHUBAIS
4.18  ELECTION OF DIRECTOR: ILYA ARTUROVICH     None      Against    Management
      YUZHANOV
5.1   ELECTION OF THE MEMBERS OF THE INTERNAL   For       For        Management
      AUDITING COMMISSION OF RAO UES OF RUSSIA:
      SERGEI IGOREVICH ZHURAVLEV.
5.2   ELECTION OF THE MEMBERS OF THE INTERNAL   For       For        Management
      AUDITING COMMISSION OF RAO UES OF RUSSIA:
      ANDREI NIKOLAYEVICH KOBZEV.
5.3   ELECTION OF THE MEMBERS OF THE INTERNAL   For       For        Management
      AUDITING COMMISSION OF RAO UES OF RUSSIA:
      VIKTORIA VLADIMIROVNA OSELEDKO.
5.4   ELECTION OF THE MEMBERS OF THE INTERNAL   For       For        Management
      AUDITING COMMISSION OF RAO UES OF RUSSIA:
      ALEXANDER BORISOVICH RUTENBERG.
5.5   ELECTION OF THE MEMBERS OF THE INTERNAL   For       For        Management
      AUDITING COMMISSION OF RAO UES OF RUSSIA:
      VLADIMIR VLADIMIROVICH CHERNYSHEV.

--------------------------------------------------------------------------------

URALS ENERGY PUBLIC COMPANY LIMITED

Ticker:                      Security ID:  M9648Z107
Meeting Date: JUL 9, 2007    Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Accept Financial Statements and Statutory For       For        Management
      Reports
2     Ratify Auditors                           For       For        Management
3     Reelect Director                          For       For        Management
4     Elect Directors                           For       For        Management

--------------------------------------------------------------------------------

URALS ENERGY PUBLIC COMPANY LIMITED

Ticker:                      Security ID:  M9648Z107
Meeting Date: DEC 17, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Increase in Authorized Capital    For       For        Management
2     Eliminate Preemptive Rights to Issue      For       Against    Management
      Private Placement

--------------------------------------------------------------------------------

URALS ENERGY PUBLIC COMPANY LIMITED

Ticker:                      Security ID:  M9648Z107
Meeting Date: JAN 22, 2008   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Conversion of Share Capital from  For       For        Management
      CYP to USD

--------------------------------------------------------------------------------

VOSTOK GAS LTD.

Ticker:                      Security ID:  G93922105
Meeting Date: MAR 28, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of the Meeting             For       For        Management
2     Prepare and Approve Voting List           For       For        Management
3     Approval of Agenda                        For       For        Management
4     Election of One or Two Persons to Check   For       For        Management
      and Sign the Minutes
5     Resolution that the Meeting has been Duly For       For        Management
      Convened
6     Presentation by the Managing Director     For       For        Management
7     Receive Financial Statements and          None      None       Management
      Statutory Reports (Non-Voting)
8 (a) Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
8 (b) Appropriation of the Company's Results    For       For        Management
      According to Adopted Balance Sheet
8 (c) Approve Discharge from Liability to       For       For        Management
      Directors and Managing Director
9     Determination of Number of Directors and  For       For        Management
      Auditors
10    Determination of Remuneration of Board of For       For        Management
      Directors and Auditors
11    Election of Directors and Auditors        For       Against    Management
12    Appoint Nomination Committee              For       For        Management
13    Resolution regarding Remuneration         For       Against    Management
      Principles of Senior Management
14    Amend Bylaws                              For       Against    Management
15    Closing of the Meeting                    None      None       Management

--------------------------------------------------------------------------------

VOSTOK NAFTA INVESTMENT LTD

Ticker:                      Security ID:  G93886136
Meeting Date: AUG 29, 2007   Meeting Type: Special
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of Meeting                 For       For        Management
2     Prepare and Approve List of Shareholders  For       For        Management
3     Approve Meeting Agenda                    For       For        Management
4     Designate Inspector or Shareholder        For       For        Management
      Representative(s) of Minutes of Meeting
5     Acknowledge Proper Convening of Meeting   None      None       Management
6     Approve Incentive Scheme                  For       For        Management
7     Approve Transfer of Call Options at       For       For        Management
      Market Value in Connection with
      Investments in Portfolio Companies
8     Close Meeting                             None      None       Management

--------------------------------------------------------------------------------

VOSTOK NAFTA INVESTMENT LTD

Ticker:                      Security ID:  G93886136
Meeting Date: MAY 14, 2008   Meeting Type: Annual
Record Date:

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Elect Chairman of the Meeting             For       For        Management
2     Prepare and Approve Voting List           For       For        Management
3     Approve Agenda of Meeting                 For       For        Management
4     Designate Inspector(s) of Minutes of      For       For        Management
      Meeting
5     Acknowledge Proper Convening of Meeting   For       For        Management
6     Presentation by the Managing Director     For       For        Management
7     Receive Financial Statements and          None      None       Management
      Statutory Reports (Non-Voting)
8a    Accept Financial Statements and Statutory For       For        Management
      Reports (Voting)
8b    Appropriation of the Company's Results    For       For        Management
      According to Adopted Balance Sheet
9     Determination of Number of Directors and  For       For        Management
      Auditors
10    Determination of Remuneration of Board of For       For        Management
      Directors and Auditors
11    Election of Directors and Auditors        For       For        Management
12    Appoint Nomination Committee              For       For        Management
13    Resolution regarding Remuneration         For       For        Management
      Principles of Senior Management
14    Closing of the Meeting                    None      None       Management

--------------------------------------------------------------------------------

VSMPO

Ticker:                      Security ID:  X98053105
Meeting Date: JUN 30, 2008   Meeting Type: Annual
Record Date:  MAY 15, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report and Financial       For       For        Management
      Statements
2     Approve Allocation of Income and          For       For        Management
      Dividends
3.1   Elect Alexey Aleshin as Director          None      For        Management
3.2   Elect Mikhail Voevodin as Director        None      For        Management
3.3   Elect Nikolay Melnikov as Director        None      For        Management
3.4   Elect Igor Repin as Director              None      For        Management
3.5   Elect Vladimir Tankeev as Director        None      For        Management
3.6   Elect Vladislav Tetiukhin as Director     None      For        Management
3.7   Elect Sergey Chemezov as Director         None      For        Management
3.8   Elect Mikhail Shelkov as Director         None      For        Management
4.1   Elect Vera Gorokhova as Member of Audit   For       For        Management
      Commission
4.2   Elect Natalia Zabolotskaya as Member of   For       For        Management
      Audit Commission
4.3   Elect Svetlana Makarova as Member of      For       For        Management
      Audit Commission
4.4   Elect Natalia Medvedeva as Member of      For       For        Management
      Audit Commission
4.5   Elect Nadezhda Prianichnikova as Member   For       For        Management
      of Audit Commission
4.6   Elect Tatiana Ryzhova as Member of Audit  For       For        Management
      Commission
4.7   Elect Alexander Tanaev as Member of Audit For       For        Management
      Commission
5     Ratify Auditor                            For       For        Management
6     Approve Company's Membership in Russian   For       Against    Management
      Union of Exporters of Metal Products

--------------------------------------------------------------------------------

VYKSUNSKY METALLURGICAL PLANT

Ticker:                      Security ID:  X9806V102
Meeting Date: AUG 17, 2007   Meeting Type: Special
Record Date:  JUL 13, 2007

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Meeting Procedures                For       For        Management
2     Approve Related-Party Transactions with   For       For        Management
      OJSC Sberbank of Russia Re: Guarantee
      Agreement
3     Approve Dividends                         For       For        Management

--------------------------------------------------------------------------------

WIMM-BILL-DANN FOODS OJSC

Ticker:       WBD            Security ID:  97263M109
Meeting Date: JUN 27, 2008   Meeting Type: Annual
Record Date:  MAY 13, 2008

#     Proposal                                  Mgt Rec   Vote Cast  Sponsor
1     Approve Annual Report                     For       For        Management
2     Approve Financial Statements              For       For        Management
3     Approve Allocation of Income and          For       For        Management
      Dividends
4     Ratify Auditor                            For       For        Management
5.1   Elect Guy de Selliers as Director         None      For        Management
5.2   Elect Mikhail Dubinin as Director         None      Against    Management
5.3   Elect Igor Kostikov as Director           None      Against    Management
5.4   Elect Michael O'Neill as Director         None      Against    Management
5.5   Elect Alexander Orlov as Director         None      Against    Management
5.6   Elect Sergey Plastinin as Director        None      Against    Management
5.7   Elect Gavril Yushaev as Director          None      Against    Management
5.8   Elect David Yakobashvili as Director      None      Against    Management
5.9   Elect Evgeny Yasin as Director            None      Against    Management
5.10  Elect Marcus Rhodes as Director           None      Against    Management
5.11  Elect Jacques Vincent as Director         None      Against    Management
6     Approve Remuneration of Directors         For       For        Management
7.1   Elect Irina Ieshkina as Member of Audit   For       For        Management
      Commission
7.2   Elect Lesya Gavrilenko as Member of Audit For       For        Management
      Commission
7.3   Elect Victoria Dzhemelinskaya as Member   For       For        Management
      of Audit Commission
7.4   Elect Alexander Davidiuk as Member of     For       For        Management
      Audit Commission
7.5   Elect Tatiana Nazarova as Member of Audit For       For        Management
      Commission
7.6   Elect Elena Kozlova as Member of Audit    For       For        Management
      Commission
7.7   Elect Alexander Popov as Member of Audit  For       For        Management
      Commission
8     Approve New Edition of Charter            For       Against    Management

========== END NPX REPORT
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