Moscow, 14 April 2006. RAO "UES of Russia" announced a tender to select an investment adviser to provide marketing, financial, and legal support in the preparation and conduct of additional share issues WGCs and TGCs.

Applications for the tender will be accepted between 14 and 27 April 2006 from investment advisors, especially those having expertise in offerings of Russian shares on Russian and international stock markets (at least three share placements no less $300 million each). Moreover, the likely candidate should possess information on the potential strategic partners interested in investing in the Russian electricity industry.

Additional benefits will be available to candidates included in the list of investment advisors meeting the requirements of the Regulation on the Investment Fund of the Russian Federation.

At its meeting scheduled for April 21, the Board of Directors of RAO "UES of Russia" will consider the proposals of the Management Board regarding the issuance of additional shares in the WGCs and TGCs in 2006-2008 to raise funds needed to implement top priority investment projects.

In order to sooner attract investments in the sector for the priority projects in the areas experiencing energy shortages through issuance of additional shares in WGCs and TGCs, it is necessary to simultaneously carry out measures that will pave the way for placement of additional shares in the generation companies.

RAO "UES of Russia" and the System Operator approved the list of priority sites for the construction of generation facilities in the areas where power shortages are likely to appear. Most WGCs and TGCs prepared their proposals on the ways to finance investment projects, including raising funds through additional share issues. Based on the review of these projects, the Company's management made a priority list of generation companies whose investment projects in the areas experiencing energy shortfalls may be financed by additional share issues. which includes WGC-3, WGC-4, WGC-5, TGC-1, TGC-3, TGC-8, TGC-9, and TGC-10.