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Unified Energy System

March 30, 2005

State registration to be granted to new companies spun off from regional energos of RAO "UES of Russia"

Moscow, 30 March 2005. State registration of the following 6 companies spun off from OAO "Tomskenergo" in accordance with the basic restructuring plan is scheduled for 31 March 2005.

The following companies will be spun off from the above regional energo:

  • OAO "Tomsk Energy Management Company"
  • OAO "Tomsk Distribution Company"
  • OAO "Tomsk Energy Retail Company"
  • OAO "Tomskenergoremont"
  • OAO "Tomskelektrosetremont"
  • OAO "Tomsk Trunk Grids"

As at 30 March 2005, the state registration procedure has been completed by 85 newly established companies spun off in the course of registration of 26 subsidiaries of RAO "UES of Russia": OAO "Belgorodenergo", OAO "Kalugaenergo", OAO "Bryanskenergo", OAO "Voronezhenergo", OAO "Pskovenergo", OAO "Vladimirenergo", OAO "Volgogradenergo", OAO "Ivenergo", OAO "Karelenergo", OAO "Kostromaenergo", OAO "Marienergo", OAO "Penzaenergo", OAO "Udmurtenergo", OAO "Chuvashenergo", OAO "Astrakhanenergo", OAO "Lipetskenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Tambovenergo", OAO "Tverenergo", OAO "Yarenergo", OAO "Chelyabenergo", OAO "Kurskenergo", OAO "Mordovenergo", OAO "Nizhnovenergo", and OAO "Smolenskenergo".

The ownership structure of the newly established companies mirrors that of the regional energo reorganized in accordance with the basic restructuring plan.

Information for the attention of stock market participants:

Shares in a spin-off company are distributed among shareholders of the company reorganized through spin-off.

Shares in the spin-off companies are to be distributed to the regional energos' shareholders at a ratio established in the resolution of the reorganization of the company concerned.

Shareholders who voted AGAINST the resolution to reorganize the regional energo or did not take part in the voting on that item of business will receive shares in the newly established companies of the corresponding class in the amount equal to the number of shares of that class in the reorganized regional energo held by them as at the date of share placement.

The date on which the shares in the spin-off companies are placed is the date of state registration of the companies established as a result of regional energos' reorganization. The new shares are credited to the securityholder accounts with registrars and to the securities safekeeping accounts at securities depositories in accordance with the records in the share register of the regional energo as at such date.

The shares will be credited to the securityholder accounts by the Registrar to be appointed by the Boards of Directors of the newly established companies.

Share issues of the spin-off companies are expected to be registered with the regulators within one and a half months after the date of the companies' state registration. Transactions in such shares may be effected after the state registration of the issues.

 

 

 

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