Geography

PRESS RELEASE

26.03.2010
On March 26, 2010, the Board of Directors of JSC Interregional Distribution Grid Companies Holding approved the following decisions on the items on the agenda of its in-person meeting.

1. The authorized capital of JSC IDGC Holding shall be increased by means of the placement of 1,922,313,097 additional uncertificated registered ordinary shares, each with a par value of 1 ruble (public offering as the placement method, offering price of 4.14 rubles).

2. The Decision on the Additional Securities Issue of JSC IDGC Holding (uncertificated registered ordinary shares placed through a public offering) and the Securities Prospectus of JSC IDGC Holding (uncertificated registered ordinary shares placed through a public offering) shall be approved.

3. 5,000,000 inconvertible interest-bearing certificated bearer bonds, Series 01, subject to mandatory centralized custody, each with a par value of 1,000 rubles, with the total par value of 5,000,000,000 rubles, shall be placed through a public offering at a price equal to 100 percent of the par value of the bonds, and 7,000,000 inconvertible interest-bearing certificated bearer bonds, Series 02, subject to mandatory centralized custody, each with a par value of 1,000 rubles, with the total par value of 7,000,000,000 rubles, shall be placed through a public offering at a price equal to 100 percent of the par value of the bonds.

4. The Decisions on the Securities Issues of JSC IDGC Holding (inconvertible interest-bearing certificated bearer bonds subject to mandatory centralized custody, Series 01 and Series 02) and the Securities Prospectus of JSC IDGC Holding (inconvertible interest-bearing certificated bearer bonds subject to mandatory centralized custody, Series 01 and Series 02) shall be approved.

In accordance with paragraph 2 of Article 40 of Federal Law No. 208-FZ “On Joint-Stock Companies” of December 26, 1995, the date of the list of the persons having the preemptive right to acquire publicly placed additional ordinary shares shall be the date when the Board of Directors adopts the decision to increase the authorized capital of JSC IDGC Holding by means of the placement of the additional shares, namely March 26, 2010.

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