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November 16, 2005

FSFM of Russia registers Prospectus of OAO "Tver Energy Repair Company" spun off from OAO "Tverenergo"

Moscow. 16 November 2005. The Federal Service for Financial Markets (FSFM) of Russia registered on 15 November 2005 the Prospectus of share issues of OAO "Tver Energy Repair Company" distributed among the shareholders of the company reorganized through spin-off (i.e. OAO "Tverenergo").

OAO "Tver Energy Repair Company":

 - 346,136,000 uncertificated registered ordinary shares, par value RUB0.06 per share, for a total value of RUB20,768,160. The state registration number assigned to the share issue is 1-01-65089-D dated 22 March 2005;

 - 115,378,000 uncertificated registered preferred shares, par value RUB0.06 per share, for a total value of RUB6,922,880. The state registration number assigned to the share issue is 2-01-65089-D of 22 March, 2005.

The state registration of OAO "Tver Energy Repair Company" took place on 11 January 2005.


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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