OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" considered the matters relating to the Annual General Meeting of the Company.

The Board of Directors approved the draft of the Annual Report 2006 of RAO "UES of Russia" and submitted it for shareholder approval at the AGM. This year's report is based on the structure of the annual report prepared for the last year's AGM. The Annual Report contains information on the key areas of activity of RAO "UES of Russia" in accordance with the requirements of the securities regulator, FSFM of Russia, and the investor protection recommendations given by Standard & Poor's and NP "RTS Stock Exchange".

With respect to the AGM working bodies, the Board of Directors of RAO "UES of Russia" approved the appointment of the AGM Presidium consisting of the members of the Company's Board of Directors and the AGM Secretariat consisting of members of the Company's administrative staff. The Board of Directors also approved the text and form of the ballots and voting instructions for the AGM.

The AGM of RAO "UES of Russia" will be held on 26 June 2007 in the Zelenograd Palace of Culture located in Zelenograd, an administrative district of Moscow, Russia. Record date: The list of persons entitled under the laws of the Russian Federation to take part in the AGM was made as at 11 May 2007.