Moscow, 28 March 2011 – Joint Stock Company “FGC UES” (“Federal Grid” or the “Company”), the operator and manager of Russia’s unified electricity transmission grid system, announces today that it has successfully completed listing of its Global Depository Receipts (“GDRs”) on the Main Market of the London Stock Exchange (“Listing”), and trading in the GDRs has commenced today on the International Order Book of the London Stock Exchange.

Press-release

The subsidiary of the JSC “FGC UES” – the Backbone High-Voltage Grids (MES) of East – has completed the construction and commissioned new 500 kV substation Vladivostok and 500 kV transmission line Dalnevostochnaya-Vladivostok (Primorie Territory). Ceremony for the commissioning of the facility was attended by the Chairman of the Management Board of JSC “FGC UES” Mr. Oleg Mikhailovich Budargin, General director of MES of East Mr. Sergei Georgievich Smirnov, General director of the JSC “SO UES” affiliate - Interregional Dispatch Office of East – Mr. Sergei Gennadievich Drugov, representatives of contractors and suppliers.

During the visit the delegation has inspected all the energy facilities designed to provide reliable energy supply for the Olympic Games 2014 which are currently constructed or refurbished. The progress and completion of the approved construction schedules as well as management of reliable operations of the currently build lines and substations were discussed.

The Chairman of the Management Board of JSC “FGC UES” Mr. Oleg Budargin, General director of the MES of Urals Mr. Gennady Nikitin, senior managers of the Unified Urals Operations Control Centre, representatives of the Interregional High-voltage Grid Company of Urals (JSC “MRSK of Urals”) and senior executives of contractors and suppliers took part in the commissioning of the new energy facility.

Shareholders of the Federal Grid Company have appointed Mr. Oleg Mikhailovich Budargin the new Chairman of the Management Board of JSC “FGC UES”. Mr. Budargin was appointed the Acting Chairman of the Management Board on the 11th of July, 2009 by the Board of Directors of the Company. According to the Articles of association of the JSC “FGC UES” the decision to appoint the Chairman of the Management Board is made by the general meeting of shareholders. The decision to convene the general meeting of the shareholders to discuss the issue of appointing the Chairman of the Management Board of JSC “FGC UES” and nominate Mr. Oleg Mikhailovich Budargin as a candidate for this position was made by the Board of Directors of the Company at the meeting which took place on the 17th of September, 2009.

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Photos from the launch ceremony

Photos from the launch ceremony

Photos from the launch ceremony

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Photos from the press-conference of Alexander Chistyakov, the First deputy Chairman of the Management Board of JSC FGC UES, and Sergey Novikov, Head of the Federal tariff service of Russia

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