Moscow, 22 February 2007. On 22 February 2007, the Federal Service for the Financial Markets of Russia (FSFM) registered the report on the results of the additional ordinary share issue of OAO "Ivanovskie PGU".

The new shares of OAO "Ivanovskie PGU" were issued in exchange for shares in OAO "Ivanovskaya Generatsiya", a company spun off from OAO "Ivanovo Generation Company" and was simultaneously merged with and into OAO "Ivanovskie PGU".

According to the resolution authorizing the share issuance, OAO "Ivanovskie PGU" placed 488,957,692 new shares of RUB1 par value, worth a total of RUB488,957,692. The official registration number assigned to the share issue is 1-01-09645-?-002-D.

The reorganization of OAO" Ivanovo Generation Company" through spin-off of OAO "Ivanovskaya Generatsiya", which was simultaneously merged with OAO "Ivanovskie PGU", is the first time that a new reorganization mechanism of simultaneous spin-off and merger has been used in Russian corporate practice.