OREANDA-NEWS. May 18, 2011. The Board of Directors of JSC Federal Grid Company of Unified Energy System (“Federal Grid” or the “Company”, Ticker: FEES) decided at its meeting on the 16th May 2011 that it will hold its Annual General Meeting (AGM) on 19 June 2011 at 12.00 pm (Moscow Time) at Building 55, 119 Prospect Mira, Moscow. Shareholder registration will commence at 10.30 am on the 19th June 2011.

The list of shareholders eligible to take part in the AGM will be based on the Company’s shareholder register as of 16 May 2011.

Agenda:

1. Approval of Federal Grid’s 2010 Annual Report;

2. Approval of the 2010 [audited] annual financial statements of the Company;

3. Approval of the 2010 net profit distribution;

4. The rate and procedure of the dividend payment for 2010;

5. Approval of the remuneration of the members of the Board of Directors (Supervisory Council), excluding state employees, in accordance with the Company’s policy documents;

6. Election of the members of the Board of Directors (Supervisory Council) of the Company;

7. Election of the members of the Audit Committee of the Company;

8. Approval of the independent auditor of the Company for 2011;

9. Approval of the new edition of the Company’s Charter.

Shareholders may familiarize themselves with the following materials presented for discussion at the AGM:

— Annual financial statements of the Company for 2010, including the conclusion of the Auditors and the Audit Committee;

— Annual Report of the Company;

— Conclusion on verification of the data presented at the Company’s 2010 Annual Report by the Audit Committee;

— Information about the candidates to the Board of Directors;

— Information about the candidates to the Audit Committee;

— Information about the candidate Independent Auditor;

— Evidence of written consent by the candidates to the Board of Directors and Audit Committee of the Company;

— Draft new edition of the Company’s Charter;

— Recommendation of the Company’s Board of Directors on the 2010 net profit distribution;

— Recommendation of the Company’s Board of Directors on the rate and procedure of payment of the dividend on the Company’s shares;

— Proposed resolutions of the AGM

The above materials can be obtained on working days from 9 June to 28 June 2011 between 10 am and 5 pm at the following addresses:

— Federal Grid’s corporate headquarters at Room 110, 5A Ulitsa Akademika Chelomeya, Moscow

— The Company’s registrar “Registration Company Status” at Building 1, 32 Novogorozhskaya Ulitsa, Moscow

The materials can also be downloaded from the Company’s corporate website at www.fsk-ees.ru.

Voting bulletins will be dispatched to the registered shareholders eligible to vote by 9 June 2011. The completed bulletins can then be returned to the following address: “Registration Company Status”, Building 1, 32 Novorogozhskaya Ulitsa, Moscow by 26 June 2011.