OREANDA-NEWS. On 18 July 2008 was announced, that Deutsche Bank Trust Company Americas opened a global depository receipts (GDR) program for JSC “TGC-2” (JSC "Territorial Generating Company # 2") ordinary shares in accordance with Regulation S and Rule 144A GDRs.

The program is substantially opened to share depository receipts issued for TGC-2 shares between DRs holders issued for RAO UES shares within the procedure of the final phase of the RAO UES reform.

Previously on February 29, 2008 JSC “TGC-2” and Deutsche Bank Trust Company Americas had undersigned depository contracts for issue regulation and circulation of depository receipts, and on June 5 Federal Service for Financial Markets of the Russian Federation permitted the circulation of up to 291 199 271 627 TGC-2 ordinary shares outside of the Russian Federation (20% of the placed TGC-2 ordinary share capital for the state on June 30, 2008).

GDR conversion will be concluded in July of the current year.