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Unified Energy System

November 30, 2005

FSFM of Russia registers prospectus of OAO "Dagestan Regional Generation Company" spun off from OAO "Dagenergo"

Moscow. 30 November 2005. The Federal Service for Financial Markets (FSFM) of Russia registered on 29 November 2005 the Prospectus of share issues of OAO "Dagestan Regional Generation Company" distributed among the shareholders of the company reorganized through spin-off (i.e. OAO "Dagenergo").

OAO "Dagestan Regional Generation Company"

 - 5,269,115,472 uncertificated registered preferred shares, par value RUB0.40 per share, for a total value of RUB2,107,646,188.8. The state registration number assigned to the share issue is 1-01-50141-A.

__________________________________________________

Information for the attention of stock market participants:

Shares in the spin-off companies were distributed among the shareholders of the company reorganized through spin-off.

Shareholders in the reorganized regional energo are entitled to receive, for each share of the class (type) held by them, shares of the same class (type) in each of the newly established companies, at a ratio determined in the resolution on the reorganization.

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 to be credited to the securityholder accounts with registrars and to the securities safekeeping accounts with securities depositories in accordance with the records in the share register of the regional energo as at such date.

The new shares are to be credited to the securityholder accounts by the Registrar maintaining the share registers of the newly established companies.

 

 

 

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