OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" approved the agenda of the Annual General Meeting of the Company. Shareholders-owners of the preferred shares have no right to participate in the voting.

It includes the following items of business:

• Approval of the Annual Report 2006 of RAO "UES of Russia", the annual financial statements, including the statement of operations (income statement), and allocation of profit and loss based on the financial year performance.
• Payment of dividends.
• Approval of the appointment of the Auditors of RAO "UES of Russia".
• Election of members of the Board of Directors of RAO "UES of Russia".
• Election of members of the Auditing Commission of RAO "UES of Russia".
• Approval of a transaction (or a series of transactions) involving the acquisition by RAO "UES of Russia" of additional shares in OAO "UES FGC", which constitute(s) an interested party transaction.

The Board of Directors fixed 11 May 2007 as the record date for the purpose of determining the persons entitled, under the Russian law, to take part in the AGM of RAO "UES of Russia".

Under the Russian law and the Company Charter, the holders of the Company's preferred shares are not entitled to vote at the AGM, which is due to the fact that at the last year's AGM the shareholders approved the payment of preferred dividend.

The AGM of RAO "UES of Russia" will be held on 26 June 2007.