OREANDA-NEWS. November 14, 2007. The TGC-4 Board of Directors considered issues related to the preparations for and holding of the Extraordinary General Meeting of Shareholders on the reorganization of Company.

The TGC-4 Board of Directors recommends that shareholders at the Extraordinary General Meeting approve a resolution on the reorganization of TGC-4 through a takeover of Novomoskovskaya TPP and JSC ТGK-4 Holding to be established through a reorganization of RAO UES of Russia by TGC-4 and approve takeover agreements.

In relation to the issue on an increase of the TGC-4 authorized capital by placement of additional shares due to the takeover of JSC ТGK-4 Holding by TGC-4 the Board of Directors recommends that shareholders shall approve the following resolution at the EGM: The TGC-4 authorized capital shall be increased by placement of six billion, six hundred million, two hundred fifty-five thousand, eight hundred ninety-seven (6,600,255,897) additional ordinary shares, each with a par value of one kopeck, and the following ratios of conversion of shares in JSC ТGK-4 Holding into shares in TGC-4 shall be approved:

- 0,0630299268892396 ordinary shares in JSC ТGK-4 Holding is converted into one ordinary share in TGC-4, each with a par value of one kopeck;
- 0,0688249911435245 preference shares in JSC ТGK-4 Holding is converted into one ordinary share in TGC-4, each with a par value of one kopeck.