June 24, 2008 – Information on terms of the issuer’s obligations fulfillment before the holders of the issuer’s securities.

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 www.moesk.ru

2. Announcement contents

2.1 Form, category (type), series and other identification characteristics of the securities:

Ordinary registered uncertified shares of nominal value RUR 0.5 each.

2.2. State registration number of the issue (additional issue) of the securities and date of the state registration (identification number of the issue (additional issue) of the securities and the date of its acquisition in accordance with the Federal law “On securities market” the issue (additional issue) of equity securities is not subjected to state registration): 4-01-65116-D as of May 31, 2005.

2.3 Contents of the issuer’s obligations and for pecuniary obligation or any other obligation which can be expressed in money terms, - also the amount of such an obligation in money terms: Retirement of shares by the Issuer on demand of the shareholders

Shareholders voted against or those who did not take part in voting concerning the question “On reorganization of OJSC “MOESK” by means of joining to it of OJSC “MGEsK”, on approval of the Agreement on merging of OJSC “MGEsK” to OJSC “MOESK” – are entitled to demand from the Company the retirement of all or a part of the shares belonging to them.

The price of the Company’s shares retirement accounts for: RUR 1.50 for one ordinary registered share

The retirement of shares was carried out by the price determined by the Company’s Board of directors in accordance with paragraph 3 of article 75 of the Federal law “On joint-stock companies”.

The amount allocated for shares retirement account for RUR 8,364,937.50

Amount of shareholders: 6

Amount of shares, subjected to retirement accounts for 5,576,625.

2.4. The date the issuer’s obligation shall be fulfilled and if the obligation is to be carried out by the issuer during the certain time (period), - the date of this term end: Not later than on July 2, 2008.

2.5. Fact of the obligation fulfillment or non-fulfillment (default) of the issuer: The Issuer’s obligation is completely fulfilled.

2.6. In case the issuer does not fulfill the obligation - the reason of such non-fulfillement, and for monetary obligation or any other obligation which can be expressed in money terms, - also the amount of the obligation in money terms where it was not fulfilled: The issuer’s obligation is completely fulfilled.

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 1, 2008 I.A. Kopanov.

3.2 Date: June 24, 2008