Moscow. 15 July 2005. The Federal Service for Financial Markets (FSFM) of Russia registered on 14 July 2005 the share issues of the companies spun off as a result of reorganization of OAO "Kirovenergo".
The FSFM registered the issues of ordinary shares and share placement reports of OAO "Kirovenergo Management Energy Company" and OAO "Vyatskaya Electricity and Heat Company".
In accordance with the Resolutions on share issuance and share placement reports, the following amounts of shares were issued:
1. OAO "Kirovenergo Energy Management Company":
2,148,390,472 uncertificated registered preferred shares, par value RUB 0.00005 per share, for a total value of RUB107,419.52. The state registration number assigned to the share issue is 1-01-65129-D;
703,995,200 uncertificated registered preferred shares, par value RUB0.00005 per share, for a total value of RUB35,199.76. The state registration number assigned to the share issue is 2-01-65129-D.
2. OAO "Vyatskaya Electricity and Heat Company":
2,148,390,472 uncertificated registered preferred shares, par value RUB1.1 per share, for a total value of RUB2,363,229,519.2. The state registration number assigned to the share issue is 1-01-65128-D;
703,995,200 uncertificated registered preferred shares, par value RUB1.1 per share, for a total value of RUB774,394,720. The state registration number assigned to the share issue is 2-01-65128-D.
The state registration of the new companies was effected on 1 May 2005. The companies' share registers are administered by OAO Moscow Central Depository.
Previously, the FSFM of Russia registered the share issues of the companies spun off from OAO "Kalugaenergo", OAO "Bryanskenergo", OAO "Belgorodenergo", OAO "Voronezhenergo", OAO "Chuvashenergo", OAO "Vladimirenergo", OAO "Marienergo", OAO "Penzaenergo", OAO "Udmurtenergo", OAO "Karelenergo", OAO "Ryazanenergo", OAO "Kostromaenergo", OAO "Ivenergo", OAO "Yarenergo", OAO "Rostovenergo", OAO "Tverenergo", OAO "Chelyabenergo", OAO "Mordovenergo", OAO "Kurskenergo", OAO "Nizhnovenergo", OAO "Smolenskenergo", OAO "Tambovenergo", OAO "Astrakhanenergo", OAO "Volgogradenergo", OAO "Lipetskenergo", OAO "Mosenergo", OAO "Tulenergo", OAO "Sverdlovenergo", OAO "Novgorodenergo", OAO "Stavropolenergo", OAO "Oryolenergo", OAO "Permenergo", OAO "Tomskenergo", OAO "Dagenergo", OAO "Arkhenergo", OAO "Kirovenergo".
Information for the attention of stock market participants:
Shares in the spin-off companies were distributed among the existing shareholders of the company reorganized through spin-off.
Shareholders in the reorganized regional energo received, for each share of the relevant category (class) held by them, shares of the same category (class) in each of the newly established companies, at the ratio determined in the resolution on the reorganization of the regional energo concerned.
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.