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Unified Energy System

March 30, 2005

OAO "TGC-10" completes state registration

Moscow, 30 March 2005. Today, OAO "Territorial Generation Company No. 10" (OAO "TGC-10") was registered with the Inspectorate of the Federal Tax Service of Russia for Traktorozavodsky District, Chelyabinsk.

Pursuant to the Resolution of RAO "UES of Russia" On the Establishment of OAO "WGC-10", Alexander Faustov* (currently Deputy Chief Engineer of OAO "Urals Energy Management Company") was appointed Director General of the newly established company.

The following persons were appointed to the Board of Directors of OAO "TGC-10": Alexander Faustov; Andrey Vagner, Deputy Managing Director, Business Unit No. 2, RAO "UES of Russia"; Alexander Rosenzweig, Deputy Managing Director, Business Unit No. 2, RAO "UES of Russia"; Elena Ulanovskaya, Head of Division at the Corporate Management Department of Business Unit No. 2, RAO "UES of Russia"; Oleg Evseyenkov, Deputy Head of Business Planning Department, Corporate Center, RAO "UES of Russia"; Larisa Shiryaeva, Chief of Market Department, Reform Management Center of RAO "UES of Russia"; Dmitry Shtykov, Director General, General Director, Professional Directors Institute Foundation; Valery Nepsha, Deputy Director General, Professional Directors Institute Foundation; Fonda Vladimir Zhigarev, Maxim Eremeyev, and Maxim Shulin, Advisors with Professional Directors Institute Foundation.

The resolution to establish OAO "TGC-10" as a wholly-owned subsidiary of OAO RAO "UES of Russia" was approved by the Board of Directors of RAO "UES of Russia" on 29 October 2004.

The charter capital of OAO "TGC-10" at the time of establishment will be RUB10 million and will be divided into 1 billion ordinary shares.

Within one month after the state registration of the company, OAO RAO "UES of Russia" will acquire, for cash consideration, at least 50% plus one voting share in OAO "TGC-10".

The Board of Directors of RAO "UES of Russia" approved the lease to OAO "TGC-10" of the generating assets owned by OAO "Tyumenenergo" (after OAO "Tyumenenergo" is reorganized, the generation and heating network assets owned by OAO "Tyumen Regional Generation Company"), OAO "Chelyabenergo" (after OAO "Chelyabenergo" is reorganized, the generation and heating network assets owned by OAO "Chelyabinsk Generation Company"), and OAO "Kurganenergo" (after OAO "Kurganenergo" is reorganized, the generating and heating network assets of OAO "Kurgan Generation Company").

Later on, shareholders of the generation companies (regional energos) that decide to lease their assets to OAO "TGC-10" will be offered shares in OAO "TGC-10".

OAO "TGC-10" is under the charge of Business Unit No. 2 of RAO "UES of Russia" headed by Vladimir Avetisyan, member of the Management Board, Managing Director of RAO "UES of Russia".

* The decision to appoint Alexander Faustov as Director General of OAO "TGC-10" was taken by the Management Board of RAO "UES of Russia".

Alexander Faustov was born in 1962 in the city of Serov, Sverdlovsk Region. In 1984, he graduated from Uralsky Polytechnic Institute, where he specialized in heat power engineering. In 1984-2002, he worked at Surgutskaya TPP-2 of OAO "Tyumenenergo" as machine operator and patrol, power unit operator, Deputy Chief Engineer, and Chief Engineer of the power plant. In 2002, Alexander Faustov was appointed Deputy Chief Engineer of OAO "Urals Energy Management Company", Surgut.




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