Moscow. 23 June 2004. Statement of RAO Ues Media Relations Department

Dear Colleagues,

As we are receiving inquiries from the mass media about the documents published on our website yesterday, 22 June, which contain a description of the plan of a PR-campaign against RAO "UES of Russia", the Mass Media Relations Department informs that these documents were brought to your attention in the form they were received by RAO "UES of Russia", without being changed or shortened.

We at RAO "UES of Russia" are sure that the legal and natural persons mentioned in these documents actually did not and do not have anything to do with the development of the PR-campaign, nor did they intend to take part in the actions that might harm the Company's business reputation. We believe that these legal and natural persons might be subjected to manipulations by the people who have ordered and are carrying out the plan.

We sincerely regret that the people who planned the attack on our Company are trying to involve in their schemes the people and organizations worthy of the greatest respect.