OREANDA-NEWS. On September 28, 2007 the Board of Directors of RAO "UES of Russia" considered matters relating to the preparation for the EGM of the Company's shareholders scheduled for 26 October 2007, which will decide on the reorganization of RAO "UES of Russia", reported the press-centre of RAO "UES of Russia".

The EGM, which will consider the Company's final reorganization, will be held by absentee vote. Record date: The list of shareholders entitled to participate in the meeting will be made as at 23 August 2007.Holders of the Company's preferred shares are entitled to vote on all items of business on the EGM agenda.

The model for the final (second) phase of the reorganization of RAO "UES of Russia" provides that the restructuring of the energy company's assets will be completed by 1 July 2008, with all companies of the ultimate sector structure (FGC, System Operator, WGCs, TGCs, etc.) to be separated from RAO "UES of Russia", and the Parent Company, RAO "UES of Russia", will cease its activities.

The key principle of the Company's final reorganization is that the assets of RAO "UES of Russia" are to be distributed pro rata among the shareholders. This means that, as a result of the Company's reorganization, the minority shareholders of RAO "UES of Russia" will receive shares in FGC, HydroWGC, IDC Holding, OAO "RAO Energy Systems of the East", INTER RAO UES, 5 WGCs and 13 TGCs, pro rata to their respective interests in the capital of the Parent Company.

RAO "UES of Russia" and ZAO "Status Registration Company" have set up a hotline for shareholders to ask questions on all questions relating to the final phase of the Company's reorganization and participation in the EGM.

RAO UES Shareholder Hotline: +7 (495) 727-12-65 (10:00 to 17:00), +7 (495) 620-16-09 (13:00 to 16:00).