OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" approved the divestiture by the Company of its holding of 40,004 ordinary shares (100% of the authorized capital) in OAO "Corporate Governance Institute".

This resolution was taken in pursuance of the strategy being implemented by RAO "UES of Russia" to divest its non-core assets. The Institute is currently engaged in consulting and training activities, in particular, in particular, provides legal, advertising, and marketing services in the area of corporate governance and business.

The fair market value of the 100 percent stake in OAO "Corporate Governance Institute" determined by an independent appraiser is RUB1,081,000.