Moscow, 19 April 2005. The Federal Service for Financial Markets (FSFM) of Russia has registered the share issues of companies spun off as a result of reorganization of OAO "Lipetskenergo".
The FSFM registered share issues and share placement reports filed by the following companies: OAO "Lipetsk Generation Company", OAO "Lipetsk Energy Management Company", and OAO "Lipetsk Energy Retail Company".
In accordance with the Resolutions on share issuance and share placement reports, the following amounts of shares were issued:
1. OAO "Lipetsk Generation Company":
- 155,521,950 uncertificated registered ordinary shares, par value RUB18.34 per share, for a total value of RUB2,852,272,563. The state registration number assigned to the share issue is 1-01-65096-D.
2. OAO "Lipetsk Energy Management Company":
- 155,521,950 uncertificated registered ordinary shares, par value RUB0.001 per share, for a total value of RUB155,521.95. The state registration number assigned to the share issue is 1-01-65095-D.
3. OAO "Lipetsk Energy Retail Company":
- 155,521,950 uncertificated registered preferred shares, par value RUB0.22 per share, for a total value of RUB34,214,829. The state registration number assigned to the share issue is 1-01-65097-D.
The state registration of the new companies was completed on 11 January 2005.
Previously, the FSFM of Russia registered the share issues of the companies spun off from OAO "Astrakhanenergo", OAO "Belgorodenergo", OAO "Bryanskenergo", OAO "Vladimirenergo", OAO "Volgogradenergo", OAO "Voronezhenergo", OAO "Ivenergo", OAO "Kalugaenergo", OAO "Karelenergo", OAO "Kostromaenergo", OAO "Kurskenergo", OAO "Marienergo", OAO "Mordovenergo", OAO "Nizhnovenergo", OAO "Penzaenergo", OAO "Rostovenergo", OAO "Ryazanenergo", OAO "Smolenskenergo", OAO "Tambovenergo", OAO "Tverenergo", OAO "Udmurtenergo", OAO "Chelyabenergo", OAO "Chuvashenergo", and OAO "Yarenergo".
The share registers of these companies are administered by OAO Moscow Central Depository.
For further information on the reorganization of regional energos of RAO "UES of Russia", please visit the RAO UES website, Section "Information for Regional Energos' Shareholders".
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Information for the attention of stock market participants:
Shares in the spin-off companies were distributed among the existing shareholders of the company reorganized through spin-off.
Shareholders in the reorganized regional energo received, for each share of the relevant category (type) held by them, shares of the same category (class) in each of the newly established companies, at the ratio determined in the resolution to reorganize the regional energo.
The date on which the shares in the spin-off companies are placed is the date of state registration of the companies established as a result of regional energos' reorganization. The new shares are to be credited to the security holder accounts with registrars and to the securities safekeeping accounts with securities depositories in accordance with the records in the share register of the regional energo as at such date.
The new shares are to be credited to the securityholder accounts by the Registrar maintaining the share registers of the newly established companies.
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