July 8, 2008 – Information on the stages of the procedure of securities issue: Information on the completion of the securities placement.

1. General information

1.1. Full name of the issuer is Open Joint-Stock Company “Moscow United Electric Grid Company”.

1.2. Short name of the issuer is OJSC “Moscow United Electric Grid Company”; OJSC “MOESK”.

1.3. The location of the issuer: 142100, Russian Federation, Moscow Region, the city of Podolsk, 27 Ordzhonikidze Street.

1.4. Primary state registration number of the issuer is 1057746555811.

1.5. Tax payer number of the issuer is 5036065113.

1.6. Unique code of the issuer assigned by the registration body is 65116-D.

1.7. Internet page address used by the issuer for information disclosure https://www.moesk.ru/ 

2. Announcement contents

“Information on the completion of the securities placement”

2.5.1 Form, category (type), series and other identification characteristics of securities: Ordinary registered uncertified securities.

2.5.2 Maturity date (for bonds and options of the issuer): Not applicable for this type of securities.

2.5.3 State registration number of the issue (additional issue) of securities and the date of the state registration (identification number of the issue (additional issue) of securities and the date of its acquisition in case, if in accordance with the Federal law “On securities market” the issue (additional issue) of the securities is not subjected to state registration): 1-01-65116-D-001D as of July 30, 2008.

2.5.4. Name of the registration body, carried out the state registration of the issue (additional issue) of the securities (name of the body, assigned to the issue (additional issue) of securities the identification number  if in accordance with the Federal law “On securities market” the issue (additional issue) of securities is not subjected to state registration: the Federal Financial Markets Service (FFMS of Russia).

2.5.5. The nominal value (if the presence of the nominal value is stipulated by the legislation of the Russian Federation) of each placed security: the amount of the placed securities is 20,461,450,000 (twenty billion four hundred and sixty one million four hundred and fifty thousand) pieces with nominal value of RUR 0.5    each.

2.5.6 The way of the securities placement: Conversion of the ordinary registered uncertified shares of OJSC “MGEsK” into additional ordinary registered uncertified shares of OJSC “MOESK” during the process of merging in the order and on conditions stipulated by OJSC “MGEsK” and OJSC “MOESK” merging Agreement.

2.5.7 The date of actual beginning of the securities placement (the date of the first transaction directed to alienation of the securities to the first owner): June 30, 2008.

2.5.8. The date of the actual end of the securities placement (the date of the personal account (security account) last credit entry introduction of the first owner in the system of the right consideration for securities of the issue (additional issue) or the date of the last certificate issue of the documented security of the issue (additional issue) without mandatory centralized storage): June 30, 2008.

2.5.9. Amount of the actually placed securities: 20,457,731,874 (Twenty billion four hundred and fifty seven million seven hundred thirty one thousand eight hundred and seventy four) pieces.

2.5.10. The date of the actually placed securities from the general amount of securities of issue (additional issue) subjected to placement: 99.98%.

2.5.11. Actual price (prices) of the securities placement and the amount of securities placed concerning each of the placement prices: Information is not available for the given type of placement.

2.5.11. Actual price (prices) of the securities placement and the amount of securities placed concerning each of the placement prices: Information is not available for the given type of placement.

2.5.12 Form of payment of the placed securities, and if the placed securities were paid by monetary means and other assets (non-monetary assets), - also the amount of the placed securities paid by money means and the amount of the placed securities paid by other assets (non-monetary assets): Information is not available for the given type of placement.

2.5.13. Information on interested party transactions and also major transactions made by the issuer in the process of the securities placement and the fact of their approval by the authorized body of the issuer’s management or the lack of such an approval: There were no interested party transactions together with major transactions in the process of the issuer’ securities placement.

3. Signature

3.1 Director of the department of corporate policy and property management acting on the basis of the letter of authority No.520-D (¹520-Ä) as of July 8, 2008 I.A. Kopanov.

3.2 Date: July 8, 2008