OREANDA-NEWS. Today the Board of directors of OGK-3 has summed up reception of offers for the purchase of 18,000,000,000 additionally issued ordinary shares (state registration number of additional issue is 1-01-50079-A-009D), which forms 61.0% of the current and 37.9% of the increased charter capital of the Company.

The price of the placement has been set at RUB4.54 or $0.17 for one ordinary share of the Company.

On March 9, 2007 MSK stopped receiving applications from investors for the purchase of additional issue shares of OAO OGK-3. All submitted applications contain information on the potential buyer, number of shares and the price at which the investor agrees to acquire shares of the Company.

Based on the analysis of submitted applications, the Board of Directors of OAO OGK-3 has set the price of one ordinary share of the Company at RUB4.54 or $0.17. As a result of placement of all shares of the additional issue at the price per share set by the Board of Directors the amount of capital raised will be RUB81.72bn which is equivalent to $3.084bn.