OREANDA-NEWS. The Board of Directors of JSC OGK-5 approved the report about the results of submission of shareholders’ requirements for the repurchase of shares in their possession. The report says that no share repurchase requirements have been submitted.

On June 1, 2007, OGK-5 shareholders made the decision about the reorganisation of JSC OGK-5 by consolidation of JSC OGK-5 Holding at the Annual General Shareholders’ Meeting of JSC OGK-5. As a result of the conversion of the shares of JSC OGK-5 Holding into the shares of JSC OGK-5, shareholders of RAO UES of Russia will receive OGK-5 shares in proportion to the stake of RAO UES in the share capital of OGK-5 – 50%.

Thus, by refusing to make repurchase requirements, OGK-5 shareholders fully supported the last reorganisation stage of the Company, as a result of which OGK-5 will be controlled by private investors.

Moreover, the Board of Directors of JSC OGK-5 approved several interested-party transactions and considered a number of internal issues of the company.