Moscow, 2 September 2005. The Federal Service for Financial Markets (FSFM) of Russia registered on 1 September 2005 the prospectuses of issues of uncertificated registered ordinary shares and Type A preferred shares of OAO "Nizhny Novgorod Generation Company" distributed among the shareholders of the company reorganized through spin-off (i.e. OAO "Nizhnovenergo").
OAO "Nizhny Novgorod Generation Company":
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3,919,400 uncertificated registered preferred shares, par value RUB554.48 per share, for a total value of RUB2,173,228,912. The state registration number assigned to the share issue is 1-01-50104-?.
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1,063,512 uncertificated registered preferred shares, par value RUB554.48 per share, for a total value of RUB589,696,133.76. The state registration number assigned to the share issue is 2-01-50104-?.
The date of state registration of OAO "Nizhny Novgorod Generation Company" is 1 February 2005. The companies' share issues were registered with the FSFM of Russia on 31 March 2005.
Information for the attention of stock market participants:
Shares in the spin-off companies were distributed among the existing shareholders of the company reorganized through spin-off.
Shareholders in the reorganized regional energo are entitled to receive, for each share of the relevant category (type) held by them, shares of the same category (class) in each of the newly established companies, at a ratio determined in the resolution on the reorganization.
The date on which the shares in the spin-off companies are placed is the date of state registration of the companies established as a result of regional energos' reorganization. The new shares are to be credited to the securityholder accounts with registrars and to the securities safekeeping accounts with securities depositories in accordance with the records in the share register of the regional energo as at such date.
The new shares are to be credited to the securityholder accounts by the Registrar maintaining the share registers of the newly established companies.
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