Moscow, 12 March 2004. Global Finance Magazine has released its ranking of the "Best Companies in Russia", naming RAO "UES of Russia" the nation's best electricity company for 2003.

Global Finance editors, with input from the industry analysts, noted the Company's market share, profitability, personnel qualification, and achievements in corporate governance.

* Global Finance Magazine has more than 300,000 readers in over 108 countries. This audience includes chairmen, presidents, CEOs, and other financial officers of large global companies and financial institutions.