OREANDA-NEWS. The Board of Directors of RAO "UES of Russia" reviewed the proposals received from shareholders regarding the establishment of special-purpose holding companies during the final phase of the reorganization of OAO RAO "UES of Russia", and preliminary proposals regarding the reallocation of shares among special-purpose holding companies under the demerger balance sheet of RAO "UES of Russia".

RAO "UES of Russia" received proposals from several shareholders, and the Board of Directors accepted all of these proposals.

The shareholders who submitted their proposals were invited to submit, by 1 June 2007, the proposed names for such special-purpose holding companies and, by 8 June 2007, the name of the owner for whose benefit a company is being established, and its principal state registration (OGRN) number or other similar registration number (in case of non-residents of the Russian Federation).

Also, the shareholders concerned are invited to provide, by 8 June 2007, up-to-date information on the number of shares owned by them.

The Management Board was instructed to review, together with the shareholders, the shareholders' proposals received, and discuss the list of measures designed to preserve their interest in RAO "UES of Russia".