Annual General Meeting EnergyO Solutions Russia AB, April 22, 2008

Annual General Meeting EnergyO Solutions Russia AB, April 22, 2008

At the annual general meeting of EnergyO Solutions Russia AB April 22, 2008 the
following resolutions were adopted:

Resolutions regarding adoption of the year-end financial statements, etc
The annual general meeting adopted the income statement and the balance sheet
2007 for EOS Russia and decided that all earnings for the financial year of 2007
should be carried forward. It was further resolved to discharge the CEO and the
member of the board from liability. 

Board of directors and auditors, etc
The annual general meeting decided that the board of directors should for the
time until the next annual general meeting, consist of six member and no deputy
members. The following board members were proposed for re-election: 
Seppo Remes, Sven Thorngren, Morten Ahlström, Pontus Lesse, Paul Swigart and
Marc Winer. Seppo Remes was re-elected as Chairman of the board of directors. 
It was resolved that the compensation for member of the board of directors for
the time until the next annual general meeting, shall be in aggregate, USD
275,000, whereof the chairman shall receive USD 75,000, and remaining member not
employed by the Company USD 50,000. The auditors' fee shall be paid on the basis
of an approved invoice.

Resolutions regarding guidelines for remuneration and other terms of employment
for the group management
The annual general meeting resolved on guidelines remuneration and other terms
of employment for the chief executive officer and other members of the
management for the time up until the next annual general meeting, which provide
that the management shall be offered remuneration and other terms of employment
in line with market practice. The total remuneration consist of the following
components: (i) fixed remuneration; (ii) variable remuneration; and (iii)
severance pay following the company's liquidation. No pension benefits shall be
paid and no share related program shall be adopted. As regards the variable
remuneration (bonus), this may amount to not more than 100 per cent of the fixed
salary. The board of directors may, in special circumstances and for specific
individuals, decide to deviate from the guidelines.

Resolutions regarding rules and procedure for appinting members of the
nomination committee and decision regarding its duties 
The annual general meeting adopted new rules and procedure concerning the
nomination committee compared to last year, with mainly the following content: 
- The Company shall have a nomination committee consisting of four members. The
members should represent each of the three largest shareholders in the Company,
and the chairman of the board. The list of the largest shareholders shall be
composed on the basis of shareholders statistics from VPC AB and other reliable
shareholder information as of 30 August. Shareholders will be contacted
according to size of holding until three members have been appointed. The
composition of the nomination committee, and the identity of the shareholder
which each of the three members represents, shall be announced not later than
six months before the annual general meeting. A Chairman of the nomination
committee shall be elected at the first meeting of the Committee; if a unanimous
agreement cannot be reached, the representative of the largest shareholder shall
be the Chairman of the Committee. 

- The nomination committee shall work until a new Committee has been appointed.
However, if significant changes in the largest shareholders' voting power take
place not later than three months before the next annual general meeting, one or
two of the members of the nomination committee can be substituted for
representatives of other larger shareholders. No changes shall be made in the
composition of the nomination committee if there are only marginal changes in
the numbers of votes. A shareholder has the right to dimiss, once during the
term of appointment, his/her representative on the nomination committee and
appoint a new member on one occasion during the latter's term of appointment.
Changes in the composition of the nomination committee shall be published as
soon as such a change has occurred. 

The nomination committee shall prepare proposals for resolution to the annual
general meeting as set forth below: 
- Chairman of the Annual General Meeting, 
- Board of Directors, 
- Chairman of the board, 
- Directors' fees for the Chairman and each of the Directors as well as
remuneration for committee work, 
- Auditor's fees, and 
- Proposal regarding changes in these Rules and Procedures for the nomination
committee for the annual general meeting. 

Decision on the compensation for the members of the nomination committee
The annual general meeting decided tha no compensation shall be paid to members
of the nomination committee, the company shall, however, cover possible costs
which are attributable to the work of the nomination committee.

Resolution regarding the authorization to decide on new share issues
The annual general meeting resolved on authorizing the board of directors, for
the time until the next annual general meeting and on one or several occasions,
with or without deviation from the shareholders' right of first refusal, to
decide on issuance of new shares at a price corresponding to the company's net
asset value or higher. Such share issues must, however, not cause the company's
share capital to exceed the maximum level set out in articles of association.
Such decision to issue new shares may be resolved on with regulations
stipulating that new shares shall be paid for cash and/or by contribution in
kind and/or by way of set-off and/or otherwise subscription with other
conditions.

Stockholm, April 22, 2008
EOS Russia

EOS Russia is an investment company headquartered in Stockholm. The overall
objective of the company is to offer attractive returns via investments in the
Russian utility sector. EOS Russia's shares have been listed on First North, a
marketplace operated by the Stockholm Stock Exchange, since 25 June 2007.

For further information, please contact:
Sven Thorngren, CEO: +46 (0) 8 509 00 180
Ann-Sofi Jönsson, Investor Relations: +46 (0) 8 509 00 180