| Moscow. 8 June 2006. The MICEX Stock Exchange has named RAO "UES of Russia" the Best Equity Issuer 2005. The MICEX Stock Exchange Committee praised the quality and transparency of corporate governance at RAO "UES of Russia", the constant improvement in the corporate governance practices at RAO UESR companies, significant trading volumes in the Company's equities, its strong capitalization growth and track record in the quotation lists.
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ZAO "MICEX Stock Exchange" is Russia's largest securities market place for equities and bonds of over 480 issuers, including all Russian blue chips, with a total capitalisation of RUB17trn (about USD630bn). Over 550 professional stock market participants providing services to over 170,000 investors take part in MICEX trading.
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