OREANDA-NEWS. September 29, 2009. The regular meeting of JSC FGC UES Board of Directors was convened in the absent voting form.

JSC FGC UES Board of Directors decided to alter expiration date of placement of the Company additional securities' issue (share issue) from October 2, 2009 to December 25, 2009, and to make the relevant alterations in the resolution on the Company securities' issue and securities prospectus. Additional issue of JSC FGC UES shares was registered by the Russian Federal Financial Markets Service, 1-01-65018-D-101D state registration number was assigned on December 25, 2008 (the Russian Federal Financial Markets Service registered alterations made in the resolution on the additional securities' issue on April 21, 2009).

On October 30, 2008 JSC FGC UES Board of Directors decided to place additional registered ordinary shares in the amount of 146,500,000,000 (one hundred forty-six billion five hundred million) shares with a nominal value of 50 (fifty) kopecks each by public offering.

The start date of the placement was January 19, 2009. Today, 64,611,542,328 shares or 44% of total securities being subject to distribution have been placed. 19,500,728 shares totaling RUR 9.7 mln, from the above amount, were placed among minority shareholders of JSC FGC UES, 64,592,041,600 shares totaling RUR 32,296 mln were distributed to the Russian State under the Federal Law No.204-FZ “On Federal budget for 2009 and for the planning period of 2010 and 2011” dated November 24, 2008.

Besides, 2009 federal budget provides that the Russian State would pay RUR 7,371,700 thous., assigned to finance power supply and generation facilities included in the Construction Program of the Sochi Olympic Objects, in return for JSC FGC UES shares. Nowadays, consideration is being given to increase in financing package of “Economic and social development of the Russian Far East and Trans-Baikal for the period to 2013” federal target program by RUR 500 mln, for which purpose the federal law No.204-FZ “On Federal budget for 2009 and for the planning period of 2010 and 2011” dated November 24, 2008 shall be amended.

Board of Directors of the Company decided to extend the period of shares placing from the additional issue up to December 25 of the current year to make it possible to contribute these funds into JSC FGC UES share capital.