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Unified Energy System

September 27, 2006

TGC-5 invites bids from investment advisors to provide legal support in additional share issues and reorganization

Moscow, 27 September 2006. OAO "TGC-5" has started acceptance of bids to select an advisor to provide legal support in the process of issuance of additional shares and reorganization at OAO "TGC-5".

Bids are accepted until 4 p.m. on 29 September 2006. The invitation is open to firms with a successful track record in legal advisory services and arranging IPOs for Russian issuers on the Russian and international stock exchanges over the past three years, as well as experience in legal consulting and work on the Russian and international stock exchanges, including electric power sector.

You may view the public invitation notice and complete technical specifications on the TGC-5 website.

_____________________________

OAO "TGC-5" was registered on 22 March 2005. TGC-5 consolidates the generating assets in four regions of Russia: Chuvash Republic, Udmurt Republic, Kirov Region, and Mari El Republic. TGC-5 comprises 11 CHPPs. OAO "TGC-5" is headed by Director General Vladimir Lebedev.

On 31 March 2006, OAO "TGC-5" became the first among Russian generation companies to have completed the establishment of its target corporate structure. RAO "UES of Russia" currently holds a 63% stake in OAO "TGC-5".

 

 

 

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