March 12, 2008 –Accrued and/or paid out securities revenues.

Information on the substantial fact

“Information on the accrued and/or paid out securities revenues; information on the fulfillment of the issuer’s obligations before the securities owners”

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 securities: Documentary nonconvertible coupon interest-bearing bonds of 01 series with the obligatory centralized storage (hereinafter referred to as Bonds).

2.2. State registration number of the securities issue, date of the state registration: 4-01-65116-D as of June 22, 2006.

2.3. Name of the registration body carried out the state registration of the securities issue: FFMS of Russia;

2.4. Body of the issuer’s management which took the decision to pay (declare) issuer’s shares dividends or determine the amount (order of the amount determination) of the issuer’s bonds interest (coupon): In accordance with the Decision the interest rate concerning the second, third, fourth, fifth, sixth, seventh, eighth, ninth and tenth Bonds coupons is established equal to the percent rate of the first coupon.

The determination of the Bonds’ first coupon interest rate is carried out in accordance with the Decision on securities issue (state registration number is 4-01-65116-D as of June 22, 2006) approved by the Board of Directors of Open Joint-Stock Company “Moscow United Electric Grid Company”, Minutes No. 25 as of May 17, 2006.

First coupon rate in the amount of 8.05 per cent per annum approved by the decision of the sole executive body of the  of Joint-Stock Company “Moscow United Electric Grid Company, as of September 12, 2006.

2.5 Date of the decision taking to pay (declare) issuer’s shares dividends or the amount determination (order of the amount determination) of the per cent (coupon) of the issuer’s bonds: September 12, 2006.

2.6. Date of the session (meeting) minutes compiling of the issuer’s management body where the decision was taken to pay (declare) issuer’s bonds dividends or determine the amount (order of the amount determination) of the per cent (coupon) concerning the issuer’s shares: September 12, 2008.

2.7 General amount of the per cent and/or other income subjected to payment concerning the Bonds of the Issuer of 01 series concerning the third coupon: RUR 240,840,000.00 (two hundred and forty million eight hundred and forty thousand rubles 00 kopecks)

Amount of interest and/or other income, subjected to payment concerning one issuer’s share of 01 series concerning the third coupon: RUR 40.14 (Forty rubles and fourteen kopecks);

2.8. Form of the issuer’s securities payment: money means in the currency of the Russian Federation, non-cash.

2.9. Date the obligation on issuer’s securities revenue payment shall be carried out: March 11, 2008.

2.10. General amount of the interest and/or other revenue paid out concerning the Issuer’s obligations of 01 series concerning the third coupon: RUR 240,840,000.00 (two hundred and forty million eight hundred and forty thousand rubles 00 kopecks)

Amount of interest and/or other income, paid out concerning one issuer’s share of 01 series concerning the third coupon: RUR 40.14 (Forty rubles and fourteen kopecks);

2.11 The fact of the issuer’s obligation carrying out: the obligation was completely fulfilled.

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 October 1, 2007 I.A. Kopanov (signature).

3.2 Date: March 11, 2008. Stamp here.