Transferring Company's ordinary shares to Quotation List B

On October 23, 2013, JSC Russian Grids (LSE:MRSK), Russia’s largest electricity transmission and distribution company, announces that its ordinary shares have been transferred from Quotation List A to Quotation List B of MICEX Stock Exchange due to the increased stake held by the government in the Company’s share capital.

After the share issue completed on September 10, 2013, the stake held by the Russian Federation represented by the Federal Agency for State Property Management is 86.32% of the Company’s ordinary shares, which is the prescribed value for Quotation List B. JSC Russian Grids complies completely with the other requirements set by the Exchange for Quotation List A companies and with global Investor Relations standards.

At the same time, the Company will maintain the existing practice of an active dialog with all shareholders and investors and will pursue a policy with respect to transparence and constantly improved corporate governance standards.

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