Derivatives: Adjustment in UES (8/07)


At the 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 effected the spin-offs as of the Reorganisation Date (on 3 September 2007) in the manner described in the Information Statement dated 3 November 2006. The GDR Record date was the same as the Reorganisation Date detailed above. Bank of New York has confirmed the above reorganisation and date and The London Stock Exchange has marked the UES DR ‘Ex’ from 5 September. Accordingly, EDX London has carried out a recalculation of options and futures in UES and FTSE will adjust the Russia IOB Index.

Attachments

wkr0001.pdf wkr0003.pdf