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Unified Energy System

October 12, 2005

FSFM of Russia registers prospectuses of company spun off from OAO "Kirovenergo"

Moscow, 12 October 2005. The Federal Service for Financial Markets (FSFM) of Russia registered on 11 October 2005 the Prospectuses of share issues of OAO "Kirovenergosbyt" distributed among the shareholders of the company reorganized through spin-off (i.e. OAO "Kirovenergo").

 

OAO "Kirovenergosbyt"

 - 2,148,390,472 uncertificated registered preferred shares, par value RUB0.006 per share, for a total value of RUB12,890,342.832. The state registration number assigned to the share issue is 1-01-65127-D.

 - 703,995,200 uncertificated registered preferred shares, par value RUB0.006 per share, for a total value of RUB4,223,971.2. The state registration number assigned to the share issue is 2-01-65127-D.

 

The above Company completed its state registration on 1 May 2005. The share issues of the Company were registered with the FSFM on 12 July 2005.

___________________________________________________

Information for the attention of stock market participants:

Shares in the spin-off companies were distributed among the shareholders of the company reorganized through spin-off.

Shareholders in the reorganized regional energo received, for each share of the relevant category (class) held by them, shares of the same category (class) in each of the newly established companies, at the ratio determined in the resolution on the reorganization of the regional energo concerned.

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 securityholder 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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