Moscow, 28 June 2006. RAO "UES of Russia" names the winner of the tender to select a Global investment consultant to provide financial, legal and technical support for issuance and placement of additional shares of wholesale generation companies (WGCs) and territorial generation companies (TGCs). The winner of the tender is a consortium of investment banks Merryll Lynch and Alfa-Bank.

The consultant will be responsible for elaboration of an optimal strategy for RAO "UES of Russia" to attract investments in the generation companies. The consultant will also provide the Company with independent and unbiased recommendations on the preparation and conduct of all additional share issues of WGCs and TGCs to make the best of transactions. At that it will consult RAO "UES of Russia" on the basic parameters of particular additional issues projects of WGCs and TGCs, including estimated volume of issues, their methods and techniques, selection of stock exchanges.

The tender to select the Global investment consultant was announced by RAO "UES of Russia" in April 2006, and was held in two stages. The tender committee received 8 bids from the leading Russian and international investment banks (including banks consortiums). The key tender criteria were expertise in placements of Russian companies' shares for no less than $300 million, experience in fulfillment of similar tasks, qualification in Russia's investment-banking sector, project work experience in electric power sector in Russia and/or abroad, cost of service, and others.