The following information is based on the attached Factual Notice from Bank of New York dated 23 August 2007 and may be subject to change.
At an Extraordinary General Meeting of Shareholders of OJSC Unified Energy System of Russia (UES) held on 6 December 2006, a reorganisation involving a spin-off of the Company’s interests in OGK-5 and TGK-5 was approved. UES will effect the spin-offs as of the Reorganisation Date (currently expected to be 3 September 2007) in the manner described in the Information Statement dated 3 November 2006. The GDR Record date will be the same as the Reorganisation Date detailed above. Once Bank of New York has confirmed the above reorganistion and date, EDX London will carry out a recalculation of options and futures in UES and FTSE will adjust the Russia IOB Index.
