Moscow. 1 November 2007. OAO "TGC-11" has completed all legal and corporate procedures required to consolidate its assets.

Today, OAO "TGC-11" has received from the Russian Federal Tax Service Inspectorate of the Central District, Novosibirsk City certificates evidencing the termination of activity of OAO "Tomskenergo" and OAO "Omsk generation Company" after they had merged with and into OAO "TGC-11". Thus, all regional generation companies (RGCs) which belong to TGC-11's configuration have completed their merger with and into OAO "TGC-11" and become its subsidiaries.

Today, the shares of the RGCs were converted into TGC shares. After the share placement report is registered with the FSFM of Russia, RAO "UES of Russia" will hold a 50.46 percent stake in OAO "TGC-11".

The company's production and financial assets will be consolidated, which will boost the investment appeal of OAO "TGC-11". It is planned that in December 2007, the TGC-11 shares will admitted to trading on the MICEX Stock Exchange and OAO "RTS" and will be subsequently included in the stock exchanges' quotation lists.

In Q1 2008, TGC-11 expects to issue additional shares. The proceeds will be used to modernize the existing plant, Omskaya CHPP-3, and to build a new one, Omskaya CHPP-6. The Company will issue not more than 181 billion new ordinary shares, par value RUB0.01 par value, worth up to RUB8 billion (which makes 35.2 percent of the authorized capital of OAO "TGC-11" prior to the offering, and 26 percent after the offering). Simultaneously with the share offering, RAO "UES of Russia" will sell its 28.9 percent "government stake" shares in TGC-11.