OREANDA-NEWS. On 21 July 2008 was announced, that "OGK-1" launched the Global Depositary Receipt (GDR) Program for the shares of OGK-1. The Bank of New York Mellon performs the functions of the depositary bank of the GDR Program.

The Program was launched in accordance with the Regulation S and the Section 144A. The GDR Program was launched as a part of the final stage of the RAO “UES of Russia” restructuring and in order to observe the rights of the holders of RAO “UES of Russia” depositary receipts.

In accordance with the legislation the Global Depositary Receipts will be placed on the OTC (over-the-counter) stock market. The GDR Program was given an international code ISIN – US67086K2006 in accordance with the Regulation S, and the code of US67086K1016 – in accordance with the Section 144A.

According to the permission of the Federal Financial Markets Service of June 2, 2008, OGK-1 can float Company’s ordinary registered non-documentary shares outside Russia in the amount of 13 428 638 583 shares, which is equal to 30 % of the total amount of OGK-1 shares.