Notice of annual general meeting in EnergyO Solutions Russia AB (publ)

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| Source: EnergyO Solutions Russia AB
The shareholders in EnergyO Solutions Russia AB (publ) are hereby summoned to
the annual general meeting on Tuesday 8 April 2013 at 12.00 p.m at the
conference center 7A on Strandvägen 7A in Stockholm.

Notification of attendance

Shareholders who wish to attend the meeting must be registered in the share
register maintained by Euroclear Sweden AB on 2 April 2014. Shareholders with
nominee-registered shares must temporarily register the shares in their own
names. Such registration must be effected by 2 April 2014. Shareholders should
contact their nominee with a request for re-registration well in advance of that
date.

Furthermore, shareholders who wish to attend the meeting must notify the company
not later than 2 April 2014 of their attendance. Notification of attendance
shall be made

  ·
by mail: EOS Russia AB, Investor Relations, Birger Jarlsgatan 58, 114 29
Stockholm,

  ·
by telephone: 08-407 31 50,

  ·
by fax: 08-407 31 59, or

  ·
by e-mail:: ir@eos-russia.com

The notification of attendance must state name, personal identification number
or corporate registration number, address, a daytime telephone number,
shareholding and, where appropriate, information about any proxy or shareholder
assistants. Shareholders may bring a maximum of two assistants, provided that
their attendance is notified as above.

Shareholders represented by proxy must issue a written, signed and dated power
of attorney for the proxy. The power of attorney must not have been issued more
than one year before the date of the meeting, unless the power of attorney
provides for a longer period, however, not exceeding five years from issuance.
The original power of attorney as well as certificate of incorporation and other
relevant documents evidencing the authorised representative should reach the
company at the above address no later than on 2 April 2014.

A proxy form is available on the company’s website, www.eos-russia.com.

Proposed agenda

 1.
Opening of the meeting

 2.
Election of chairman of the meeting

 3.
Preparation and approval of the voting list

 4.
Approval of the agenda

 5.
Election of one or two persons who shall approve the minutes of the meeting

 6.
Determination of whether the meeting was duly convened

 7.
Submission of the annual report and the auditor's report, as well as the
consolidated financial statements and the auditor's report for the group

 8.
Resolutions regarding adoption of the income statement and the balance sheet, as
well as of the consolidated income statement and the consolidated balance sheet

 9.
Resolution regarding appropriation of the company's profit or loss in accordance
with the approved balance sheet

10.
Resolution regarding discharge of the members of the board of directors and for
the managing director from liability

11.
Determination of the number of directors and deputy directors of the board as
well as the number of auditors and deputy auditors

12.
Determination of fees for the members of the board of directors and the auditors

13.
Election of the directors and deputy directors of the board, as well as auditors
and deputy auditors

14.
Resolution regarding nomination committee

15.
Submission of documents pursuant to Chapter 20 Section 8 as well as Chapter 20
Sections 13 and 14 of the Swedish Companies Act

16.
Resolution to redeem shares repurchased under the synthetic buyback program

17.
Resolution on authorisation for the Board of Directors to resolve on synthetic
buybacks of own shares

18.
Closing of the meeting

Proposed decisions

Item 2 – Election of chairman of the meeting

The nomination committee proposes Ola Lidström, member of the Swedish Bar
Association, to be elected chairman of the annual general meeting.

Item 11 – Determination of the number of directors and deputy directors of the
board as well as the number of auditors and deputy auditors

The nomination committee proposes that the number of directors shall be four,
without deputy directors, and that the company shall have one auditor without a
deputy.

Item 12 – Determination of fees for the members of the board of directors and
the auditors

The nomination committee proposes that the remuneration to the board of
directors shall be SEK 600,000 and be allocated as follows: SEK 200,000 to each
of Pontus Lesse, Christopher Granville and Peregrine Moncreiffe. No remuneration
shall be paid to Seppo Remes. The auditor’s fee shall be paid on the basis of an
approved invoice.

Item 13 – Election of the directors and deputy directors of the board, as well
as auditors and deputy auditors

The nomination committee proposes re-election of board members Seppo Remes,
Pontus Lesse, Christopher Granville, and Peregrine Moncreiffe up to and
including the next annual general meeting. Seppo Remes shall be elected chairman
of the Board of Directors.

Further, the nomination committee proposes re-election of KPMG AB, with Anders
Tagde as auditor in charge, up to and including the next annual general meeting.

Item 14 – Resolution regarding nomination committee

The Board of Directors proposes that the annual general meeting resolve that the
Company shall have a nomination committee consisting of a representative of each
of the two largest shareholders or groups of shareholders, based on the number
of votes held as of 30 June 2014, together with the chairman of the board. If
any of the two largest shareholders declines to appoint a member to the
nomination committee, additional shareholders are, by order of size, to be
offered appointment until two members are appointed. The chairman of the board
shall be chairman of the nomination committee. If a shareholder representative
no longer represents the shareholder in question or for any other reason leaves
the nomination committee before its work is completed, the shareholder in
question shall be entitled to appoint a new member to the nomination committee.
A shareholder who has appointed a member to the nomination committee has the
right to remove such member and appoint a new member to the nomination
committee. In the event a shareholder that has appointed a member is no longer
one of the two largest shareholders, the appointed member shall resign and be
replaced by a new member in accordance with the above procedure. The nomination
committee shall prepare and submit proposals to the general meeting regarding
chairman of the board, board members, board fees, auditor and fees to the
auditor.

Item 16 – Resolution to redeem shares repurchased under the synthetic buyback
program

The Board of Directors proposes that the general meeting resolves to redeem
shares held by Skandinaviska Enskilda Banken (publ) (“SEB”) pursuant to the
company’s synthetic buyback programme in accordance with the proposals set out
below. The proposals to reduce the share capital and to increase the share
capital by way of a bonus issue, respectively, constitute one aggregate
proposal, which is subject to the resolution by the general meeting.

Resolution to reduce the share capital by redemption of shares repurchased under
the synthetic buyback programme

The Board of Directors proposes that the general meeting resolves to reduce the
share capital by SEK 2,306,635.943688 by redemption of 338,194 shares
repurchased, held by SEB as part of the synthetic buyback programme. The purpose
of the reduction is repayment to SEB in order to settle the dealings between the
parties under the Buyback Programme. Only SEB shall be entitled to request
redemption of shares. The aggregate redemption consideration amounts to SEK
3,476,701.9588.

Resolution to increase the share capital by way of a bonus issue

In order to achieve a timely and efficient redemption procedure, without having
to obtain permission from the Swedish Companies Registration Office or a court
of law, the Board of Directors proposes that the company’s share capital is
restored to its original amount by a bonus issue. The Board of Directors
proposes that the general meeting resolves on bonus issue whereby the company’s
share capital shall be increased by SEK 2,310,000 by transferring funds from the
company’s unrestricted equity without issuing new shares.

Item 17 – Resolution on authorisation for the Board of Directors to resolve on
synthetic buybacks of own shares

The Board of Directors proposes that the general meeting authorises the Board of
Directors, on one or several occasions prior to the annual general meeting 2015,
to resolve on synthetic buybacks of own shares to a maximum of 29.9 per cent of
all shares in the Company. The Company shall for this purpose enter into a so
-called swap agreement for a swap of the return on fixed-income funds against
the return on the Company’s shares. The counterparty to the swap agreement can
be offered to have underlying shares redeemed by the Company.

Qualified majority requirements

A resolution in accordance with the proposal of the board under item 16 requires
that the resolution be supported by shareholders representing at least two
-thirds of both the votes cast and the shares represented at the meeting.

Number of shares and votes in the company

At the time of issue of this notice, the total number of shares in the company,
as well as the total number of votes, is 42,805,556. The company holds no
treasury shares.

Miscellaneous

The board and the managing director shall, if any shareholder so requests and
the board believes that it can be done without material harm to the company,
provide information at the meeting about circumstances that may affect the
evaluation of an item on the agenda or of the financial situation of the
company.

Accounting documents and auditor’s reports for the financial year 2013 will be
available no later than three weeks before the meeting from the company. The
Board of Director’s complete proposals as well as documentation under Chapter 20
Section 8 and Chapter 20 Sections 13 and 14 of the Swedish Companies Act will be
available from the company during two weeks prior to the meeting. Copies of the
documents will also be sent to those shareholders who request so and who provide
their postal address. The documents will also be available on the company’s
website www.eos-russia.com.

The reasoned statement from the nominating committee as well as information
regarding the directors of the board proposed by the nominating committee is
available on the company’s website.

This notice is a translation of a Swedish notice, and in case of any deviation
between the two language versions, the Swedish version shall prevail.

Stockholm in March 2014

EnergyO Solutions Russia AB (publ)

The Board of Directors
For further information, please contact: ir@eos-russia.com
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 electricity industry. EOS Russia's shares have been listed on First
North, a marketplace operated by the Stockholm Stock Exchange, since 25 June
2007. Remium Nordic AB is the Certified Adviser.