Moscow, 26 September 2005. In accordance with the schedule for regional energos' restructuring, it is planned that state registration will be completed on 1 October 2005 by 16 companies spun off from OAO "Vologdaenergo", OAO "Kolenergo", OAO "Krasnoyarskenergo", and OAO "Lenenergo", and four transmission companies being spun off from the previously unbundled regional energos: OAO "Oryolenergo", OAO "Orenburgenergo", OAO "Permenergo", and OAO "Sverdlovenergo":
OAO "Vologdaenergo"
- OAO "Cherepovetskaya TPP"
- OAO "Vologodskaya CHPP"
- OAO "Vologda Retail Company"
- OAO "Vologda Trunk Grids"
OAO "Kolenergo"
- OAO "Apatitskaya CHPP"
- OAO "Murmanskaya CHPP"
- OAO "Kolskaya Generation Company"
- OAO "Kolskaya Energy Retail Company"
- OAO "Kolskie Trunk Grids"
OAO "Krasnoyarskenergo"
- OAO "Krasnoyarskaya Generatsia"
- OAO "Krasnoyarskenergosbyt"
- OAO "Krasnoyarsk Trunk Grids"
- OAO "Tyvaenergoholding"
OAO "Lenenergo"
- OAO "Severo-Zapadnaya Energy Management Company"
- OAO "Petersburg Generation Company"
- OAO "Petersburg Retail Company"
OAO "Oryolenergo"
- OAO "Oryol Trunk Grid Company"
OAO "Orenburgenergo"
- OAO "Orenburg Trunk Grids"
OAO "Permenergo"
- OAO "Perm Trunk Grid Company"
OAO "Sverdlovenergo"
- OAO "Perm Trunk Grid Company"
As of today, the regulatory authorities have granted registration to 196 new companies established as a result of reorganization of 45 subsidiaries and dependent companies (SDCs) of RAO "UES of Russia"*: OAO "Arkhenergo", OAO "Astrakhanenergo", OAO "Belgorodenergo", OAO "Bryanskenergo", OAO "Vladimirenergo", OAO "Voronezhenergo", OAO "Volgogradenergo", OAO "Dagenergo", OAO "Ivenergo", OAO "Kalugaenergo", OAO "Kamchatskenergo", OAO "Karelenergo", OAO "Kirovenergo", OAO "Kostromaenergo", OAO "Kurskenergo", OAO "Lipetskenergo", OAO "Marienergo", OAO "Mordovenergo", OAO "Mosenergo", OAO "Nizhnovenergo", OAO "Novgorodenergo", OAO "Omskenergo", OAO "Oryolenergo", OAO "Orenburgenergo", OAO "Penzaenergo", OAO "Permenergo", OAO "Pskovenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Samaraenergo", OAO "Saratovenergo", OAO "Sverdlovenergo", OAO "Smolenskenergo", OAO "Stavropolenergo", OAO "Tambovenergo", OAO "Tverenergo", OAO "Tomskenergo", OAO "Tulenergo", OAO "Tyumenenergo", OAO "Udmurtenergo", OAO "Ulyanovskenergo", OAO "Khakasenergo", OAO "Chelyabenergo", OAO "Chuvashenergo", and OAO "Yarenergo".
Information for the attention of stock market participants:
Shares in a spin-off company are distributed among shareholders of the company reorganized through spin-off.
The shares will be distributed to the regional energos' shareholders at a ratio established in the resolution of the reorganization of the company.
Shareholders who voted AGAINST the resolution to reorganize the regional energo or did not take part in the voting on that item of business will receive shares in the newly established companies of the corresponding class in the amount equal to the number of shares of that class in the reorganized regional energo held by them as at the date of the share placement.
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 shares will be credited to the security holder accounts by the Registrar to be appointed by the Boards of Directors of the newly established companies.
Share issues of the spin-off companies are expected to be registered with the regulators within one and a half months after the date of the companies' state registration. Transactions in such shares may be effected after the state registration of the security issues.
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