Moscow, 12 May 2005. On 3 and 11 May 2005, the Federal Service for Securities Markets (FSFM) of Russia registered the issues and reports on the results of issuance of uncertificated registered ordinary shares of OAO "Fourth Generation Company of the Wholesale Electricity Market" (OAO "WGC-4") and OAO "Second Generation Company of the Wholesale Electricity Market" (OAO "WGC-2"), respectively. The shares were issued in favour of the only founder of the companies, RAO "UES of Russia".
According to the share issue resolution filed with the FSFM of Russia, OAO "WGC-4" issued 8,210,830,760 ordinary shares, par value of RUB1 per share. The state registration number assigned to the share issue is 1-01-65104-D.
According the share issue resolution and share issuance report, OAO "WGC-2" issued 10,769,10,769,803,935 ordinary shares, par value of RUB1 per share. The state registration number assigned to the share issue is 1-01-65105-D.
OAO "WGC-4" was registered on 4 March 2005 by the Inspectorate of the Federal Tax Service of Russia in the city of Surgut. The state registration of OAO "WGC-2" was effected by Inspectorate No. 2607 of the Federal Tax Service of Russia in the city of Izobilny, Stavropol Kray.
The Director General of OAO "WGC-4" is Andrey Kitashev. The Director General of OAO "WGC-2" is Mikhail Kuzichev.
The resolution to establish OAO "WGC-4" and OAO "WGC-2" as wholly-owned subsidiaries of OAO RAO "UES of Russia" was approved by the Board of Directors of RAO "UES of Russia" at the Board meetings held 26 November 2004 and 24 December 2004, respectively.
Pursuant to Order of the Government of the Russian Federation No. 1254-? of 1 September 2003, the following companies were included in OAO "WGC-4": OAO "Berezovskaya TPP-1", OAO "Smolenskaya TPP", OAO "Surgutskaya TPP-2", OAO "Shaturskaya TPP-5", OAO "Yayvinskaya TPP". OAO "WGC-2" will comprise OAO "Pskovskaya TPP", OAO "Serovskaya TPP", OAO "Stavropolskaya TPP", OAO "Surgutskaya TPP-1", and OAO "Troitskaya TPP".