Moscow, 31 March 2006. On 30 March 2006, the Federal Service for Financial Markets of Russia (FSFM) registered the share issue and share placement report of OAO "Yuzhnoe Yakutskenergo".

According the resolution authorizing share issuance and the share issuance report filed with the regulator, the Company issued 3,332,975,750 registered ordinary shares of RUB1 par value. The total value of the issue is RUB3,332,975,750. The state registration number assigned to the share issue is 1-01-55185-E.

OAO "Yuzhnoe Yakutskenergo" was registered on 15 February 2006 in the city of Neryungri, Republic of Sakha (Yakutia) in the course of restructuring of the Far East energy systems on the basis of the Southern energy area of OAO "Yakutskenergo".

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Information for attention of stock market participants:

Shares in the spin-off companies have been distributed among the shareholders in the company reorganized through spin-off.

Shareholders in the reorganized regional energo are entitled to receive, for each share of the class (type) held by them, shares of the same class (type) in each of the newly established companies, at a ratio determined in the resolution on the reorganization.

The shares in the spin-off companies are placed on the date on which the companies established as a result of regional energos' reorganization are registered with the state authorities. The new shares are to be credited to the securityholder accounts with share registrars and to the securities safekeeping accounts with securities depositories in accordance with the records in the share register of the regional energo concerned as at such date.

The new shares are to be credited to the securityholder accounts by the share registrar maintaining the share registers of the newly established companies.