OREANDA-NEWS. April 27, 2007.   On April 25, 2007 a remote meeting of the Board of Directors of JSC OGK-5 took place.
The Board set the price of repurchase of shares from OGK-5 shareholders (taking into account the conclusion of the independent appraiser) who voted against reorganisation of JSC OGK-5 by merger with JSC OGK-5 Holding, or did not take part in the voting. The repurchase price is 2.79 RUB per one ordinary registered share of JSC OGK-5 with the par value of 1 RUB.

The meeting also set the repurchase procedure, including the form of the requirement of a shareholder for repurchase of its shares by the company and the form of recall of the requirement of a shareholder for repurchase of its shares by the company.

Moreover, the Board of Directors supplemented the list of information provided to the Company’s shareholders during preparation of the annual General Shareholders’ Meeting, approved the form and wording of the notification about the holding of the annual GSM of the Company.

The annual General Shareholders’ Meeting of JSC OGK-5 will take place on June 1, 2007. The date for preparation of the list of persons entitled for participation in the annual GSM is April 13, 2007.