Opening bid for RAO UES of Russia’s share holding of SverdlovEnergoSbyt to come to 1. 15 billion RUR

The auction aimed at selling a share holding of SverdlovEnergoSbyt currently owned by RAO UES of Russia will take place on May 22, 2007, reports the company’s press officer. The opening bid has been set at 1.15 billion RUR by the Assessment Committee under RAO UES of Russia’s Board of Directors.

The share holding consists of 341,718,216 ordinary registered uncertified shares with face value of .0086 RUR each (the serial number is 1-01-55080-Е). This holding amounts to 49% of SverdlovEnergoSbyt’s authorized capital and has to be sold in a single package.

Applicants are to submit their forms to Ural Power Management Company between April 16, 2007 and May 21, 2007.

On May 22, 2007, RAO UES of Russia is also going to put up to auction its shares in power supplying companies based in Belgorod, Vologda, Kola, Kuban, Nizhniy Novgorod, and Ohrenburg.

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