OREANDA-NEWS. October 1, 2007.The Board of Directors of RAO "UES of Russia" considered matters relating to the preparation for the EGM of the Company's shareholders scheduled for 26 October 2007, which will decide on the reorganization of RAO "UES of Russia".

In particular, the Board approved the composition of the EGM Presidium, which will comprise all members of the RAO UES Board of Directors. The Board also named the following persons as members of the EGM Secretariat:

• Andrey Gabov  Chairman of the EGM Secretariat
• Head of Corporate Governance and Shareholder Relations Department, RAO "UES of Russia"
• Dmitry Akhanov  Head of Strategy Department, RAO "UES of Russia"
• Alexander Drozdov  Head of Records Management Directorate, RAO "UES of Russia"
• Alexander Zakharov  Executive Secretary of the Management Board, RAO "UES of Russia"
• Sergey Kosarev  Head of Property Relations Regulation Department, RAO "UES of Russia"
• Sergey Makshakov  Head of Bookkeeping and Tax Accounting Department, RAO "UES of Russia"
• Yulia Negasheva  Head of Corporate Finance and Budget Department, RAO "UES of Russia"
• Vitaly Chukhlebov  Executive Secretary of the Board of Directors, RAO "UES of Russia"
• Maxim Zavalko First Deputy Head of Corporate Governance and Shareholder Relations Department, RAO "UES of Russia"
• Nikolay Grishayev Head of division at the Corporate Governance and Shareholder Relations Department, RAO "UES of Russia"
• Eldar Orudzhev Deputy Managing Director of Business Unit 1, RAO "UES of Russia"
• Andrey Perelygin Head of Corporate Governance Department, OAO "UES FGC"
• Oleg Oksuzyan Deputy Managing Director of Hydro Generation Business Unit, RAO "UES of Russia"
• Yury Makushin  Deputy Managing Director of Business Unit 2, RAO "UES of Russia"
• Anatoly Livinsky  Deputy Managing Director of Services Business Unit, RAO "UES of Russia"

The EGM, which will consider the Company's final reorganization, will be held by absentee vote. Record date: The list of shareholders entitled to participate in the meeting will be made as at 23 August 2007.Holders of the Company's preferred shares are entitled to vote on all items of business on the EGM agenda.

The model for the final (second) phase of the reorganization of RAO "UES of Russia" provides that the restructuring of the energy company's assets will be completed by 1 July 2008, with all companies of the ultimate sector structure (FGC, System Operator, WGCs, TGCs, etc.) to be separated from RAO "UES of Russia", and the Parent Company, RAO "UES of Russia", will cease its activities.

The key principle of the Company's final reorganization is that the assets of RAO "UES of Russia" are to be distributed pro rata among the shareholders. This means that, as a result of the Company's reorganization, the minority shareholders of RAO "UES of Russia" will receive shares in FGC, HydroWGC, IDC Holding, OAO "RAO Energy Systems of the East", INTER RAO UES, 5 WGCs and 13 TGCs, pro rata to their respective interests in the capital of the Parent Company.

RAO "UES of Russia" and ZAO "Status Registration Company" have set up a hotline for shareholders to ask questions on all questions relating to the final phase of the Company's reorganization and participation in the EGM.