A steady growth trend of the united company's shares has been observed since the date of carrying out credit auction.

The IDGC of North-West's shares during the MICEX trading on September 16, 2009 exceeded a psychologically important mark of RUR 0.15. The average weighted price of the company's shares equaled 15.46 kopecks. A month earlier, the shares had been trading at the price of 7.97 kopecks (the average weighted price as of August 17, 2009 on the MICEX). The shares have grown by almost 100% for a month.

The IDGC of North-West's capitalization growth was fixed before the meeting of the Government devoted to RAB. The steady growth trend of the shares is observed beginning with the date of the auction, during which IDGC of North-West managed to involve funds under the effective rate of 16.2% (by 15-25% below the value of the effective contracts). The volume of the funds offered by banks on the credit auction exceeded the company's needs more than twofold.On September 10, IDGC of North-West's top managers held consultations with representatives of Moscow’s leading investment companies. Sixteen investment companies took part in the general meeting. Analysts noted an openness of the IDGC of North-West's top managers, readiness to answer questions and to give detailed explanations.

“We cooperate with investors in London, who have already purchased the IDGC of North-West's shares. There are also investors, who are still thinking this over: they need more information for decision-making,” the Executive Director, Head of Analytical Management for Electric Power Industry Renaissance Capital Derek Weaving said. The investors received very detailed answers at the meetings with the top managers of IDGC of North-West. It was interesting to hear about problems and how the company's top management solves them. The important information was provided by the publication of the financial reporting under IFRS.

Positive factors of the IDGC of North-West's capitalization growth became a position of the Government of the Russian Federation on acceleration of translation of grid companies to RAB - a new system of tariff regulation, and determination of terms of the transition. On September 14, the IDGC of North-West's Board of Directors approved transition to tariff regulation under the RAB method since January 1, 2010.

"IDGC of North-West meets the requirements which are presented by shareholders and investors in order to minimize the risks when investing funds. The company is ready to show its plans concerning business development, its prospects, management's position, and vision of the further development of the enterprise. The way we understand risks and methods to minimize them is very important for investors," IDGC of North-West's deputy general director for corporate governance Anatoly Kushnerov commented on the issue of investor relations.