OREANDA-NEWS. January 18, 2007. Within the framework of the process of conversation to the common share JSC “RusHydro” converted shares of 20 companies affiliated with the Company into additional ordinary registered non-documentary shares of JSC “RusHydro”, reported the press-centre of JSC “RusHydro”.
 
As a result of this transaction all shareholder of the following joined companies received shares of JSC “RusHydro” according to the conversion rate: JSC “Volzhskaya HPS”, JSC “Zhigulevskaya HPS”, JSC “Votkinskaya HPP”, JSC “Sajano-Shushenskaya HPS named after Neporozhni”, JSC “Zeyskaya HPS”, JSC “Sulakenergo”, JSC “Zelenchugskie HPPs”, JSC “Kabbalk HPS”, JSC “Regional Power Generation Company of Dagestan”, JSC “Stavropol Electric Generation Company”, JSC “Zagorskaya HPS”, JSC “Burejskaya HPS”, JSC “North-Osetian GGK”, JSC “Cheboksarskaya HPS”, JSC “Nizhnegorodskaya HPS”, JSC “Saratovskaya HPS”, JSC “Kamskaya HPS”, JSC “Cascade VV HPPs”, JSC “Kabardino-Balkar Generation Company”, JSC “EOZ”.
 
For the first time in the history of the securities’ market shares of so many companies were converted at the same time. Shares of the affiliated companies of JSC “RusHydro” were converted into JSC “RusHydro” shares according to the conversion rate approved by the Board of Directors of JSC RAO “UES of Russia” on July 27, 2007.
 
Conversion rates were set according to the market cost of the shares of the listed companies and JSC “RusHydro” on April 1, 2007. For shares of JSC “Regional Power Generation Company of Dagestan” the conversion rate was set at 0.4735290884122240.
 
As a result of the conversion JSC RAO “UES of Russia” and Russian Federation” hold 78% and 1.5% of JSC “RusHydro” chamber capital correspondingly.
 
JSC “RusHydro” plans to take necessary measures to bring the Company’s shares to the auction at Share Market of Russian Trading System and Moscow Interbank Currency Exchange in February 2008.