OREANDA-NEWS. March 29, 2012. Federal Grid Company of Unified Energy System ("Federal Grid Company" or the "Company") (MICEX-RTS, LSE: FEES), the operator and manager of Russia's unified electricity transmission grid system, announces that on 22 March 2012 the Russian Federation Federal Financial Markets Service (the “FFMS”) officially registered the report on the results of new share issue.

The issue was completed on 3 February 2012, with a total of 4,438,530,347 new shares placed at their nominal value of RUR 0.5 per share, thus raising RUR 2,219,265,173.5. Changes to the Company's charter capital in connection with the issue will be made in accordance with Russian Federation law.

The proceeds from this issue of new shares will be used for financing the Company's existing investment program.