OREANDA-NEWS. May 29, 2008. The National Depository Center (NDC), Russia’s only settlement depository servicing the full range of Russian securities, announced today that effective May 31 RAO “UES of Russia” OJSC (RAO UES) will no longer be listed among issuers whose securities are administered within the NDC-DCC Bridge, the link facilitating transfers between Russia's MICEX and RTS stock exchanges. 

Exclusion of RAO UES’s securities from circulation through the NDC-DCC Bridge arises from the completion of RAO UES’s reorganization and is based on RAO UES’s notification to stock exchanges about the termination of stock trading of RAO UES’s securities with effect from June 6, 2008. 

From May 31, 2008, RAO UES’s ordinary shares are also to be excluded from the list of securities approved for storage in NDC’s interdepository account opened at ING Wholesale Banking (Speedy Settlement Scheme).