September 18, 2012 Ufa (Russian Federation, Republic of Bashkortostan) – OJSC “Bashkirenergo” (MICEX, RTS: BEGY, ISIN: RU0009044242) – the Board of Directors of Bashkirenergo OJSC September 14, 2012 approved the Report on results of submission by shareholders of requests on repurchase of shares.

Repurchase of securities owned by the company’s shareholders shall be conducted in accordance with the decision of the Extraordinary General Meeting of Shareholders which took place on July 27, 2012 and the order of repurchase of shares approved by the company’s Board of Directors on June 25, 2012.

According to the approved Report 561 requests were submitted to the company by the shareholders, 510 of them complied with the legal requirements and with the order of repurchase. Thus, shareholders submitted requests on redemption of 3 713 423 ordinary shares and 2 206 178 preferred shares, as of September 10, 2012 (the termination date of submitting the requests).

The securities shall be repurchased at the price of RUB 33.42 per ordinary share and RUB 25.39 per preferred share as stipulated by the decision of the company’s Board of Directors dated March 26, 2012. Consequently, the total value of shares presented for repurchase amounts to RUB 180 117456.08, where value of ordinary shares amounts to RUB 124 102 596.66 and value of preferred shares amounts to RUB 56 014 859.42.

The termination date of repurchase of shares owned by shareholders who submitted relevant requests is October 10, 2012.