Moscow, 12 May 2006. The Federal Service for Financial Markets of Russia (FSFM) on 11 May 2006 registered report on the results of the additional issues of ordinary shares of OAO "TGC-5", which were exchanged for shares in the regional generation companies (OAO "Vyatskaya Electricity and Heat Company", OAO "Mari Regional Generation Company", OAO "Chuvash Generation Company", and OAO "Udmurt Territorial Generation Company") merging with and into OAO "TGC-5". According to the resolutions authorizing the share issuance, the following amounts of TGC-5 shares were issued:

• 82,136,880,273 shares, par value RUB0.01 per share, for a total value of RUB821,368,802.73. The state registration number assigned to the share issue is 1-01-12190-?-004D;
• 70,677,366,685 shares, par value RUB0.01 per share, for a total value of RUB706,773,666.85. The state registration number assigned to the share issue is 1-01-12190-?-007D;
• 273,575,763,782 shares, par value RUB0.01 per share, for a total value of RUB2,735,757,637.82. The state registration number assigned to the share issue is 1-01-12190-?-001D;
• 5,660,053,115 shares, par value RUB0.01 per share, for a total value of RUB56,600,531.15. The state registration number assigned to the share issue is 1-01-12190-?-006D;
• 252,105,058,262 shares, par value RUB0.01 per share, for a total value of RUB2,521,050,582.62. The state registration number assigned to the share issue is 1-01-12190-?-002D;
• 22,980,492,194 shares, par value RUB0.01 per share, for a total value of RUB229,804,921.94. The state registration number assigned to the share issue is 1-01-12190-?-003D;
• 192,384,013,715 shares, par value RUB0.01 per share, for a total value of RUB1,923,840,137.15. The state registration number assigned to the share issue is 1-01-12190-?-005D.

OAO "TGC-5" is the first generation company to have completed, ahead of schedule, the consolidation of regional generation companies (RGCs) envisaged by the electricity reform plan. The merger of OAO "Vyatskaya Electricity and Heat Company", OAO "Mari Regional Generation Company", OAO "Chuvash Generation Company", and OAO "Udmurt Territorial Generation Company" with and into OAO "TGC-5" took place on 31 March 2006. On the same day, shares of the merged RGCs were converted into shares of OAO "TGC-5".

Shares of OAO "TGC-5" are expected to start trading on the MICEX and RTS stock exchanges in July 2006.

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OAO "TGC-5" consolidates the generating assets in four regions of Russia: Chuvash Republic, Udmurt Republic, Kirov Region, and Mari El Republic. OAO "TGC-5" comprises 11 CHPPs. The Company's head office is located in the city of Kirov. OAO "TGC-5" is headed by Vladimir Lebedev.