OREANDA-NEWS.  On 02 April 2009 was announced, that OJSC INTER RAO UES had received under trust management 27, 628, 151, 912 ordinary OGK-1 shares, which belong to JSC FGC UES and JSC RusHydro, and account for 61.9% OGK-1 voting shares.

In accordance with the agreements, signed by JSC FGC UES, JSC RusHydro and OJSC INTER RAO UES, OGK-1 shares have been transferred under trust management for 5 years with the right for prolongation for the same period. INTER RAO UES has obtained all rights, concerning the shares, except for the right of disposition.

Top managers of JSC FGC UES and JSC RusHydro believe that the trust management by INTER RAO UES will help to create basic conditions favorable for a broader interaction between the companies in favor of shareholders.

The decision to deliver OGK-1 shares for trust management by INTER RAO UES has been approved by the Board of Directors of OJSC INTER RAO UES, JSC FGC UES and JSC RusHydro in February-March, 2009.

The Federal Antimonopoly Service of the Russian Federation has given an approval to deliver OGK-1 shares under trust management by OJSC INTER RAO UES on February 21, 2009.