OREANDA-NEWS. September 20, 2012. Federal Grid Company of Unified Energy System (“Federal Grid Company” or "the Company”) (MICEX-RTS, LSE: FEES), announces that it has agreed with Deutsche Bank, its Global Depositary Receipt (GDR) depositary bank, to offer shareholders a 3-month grace period for the conversion of the Company’s shares into GDRs.

The grace period will last from 17 September 2012 until 16 December 2012. During this time the conversion of ordinary shares into GDRs will take place free of charge.

Federal Grid Company’s First Deputy Chairman of the Management Board Andrey Kazachenkov said: “We are committed to supporting the liquidity of our GDRs, which have been listed on the London Stock Exchange since March 2011. Today we are announcing the launch of a grace period for the conversion of local shares into depositary receipts. We hope to see new investment funds among our GDR investors, which should help make Federal Grid Company an even more attractive investment case.”