Actuality September, 26, 2007

Concern Siemens has decided to use its right of priority for purchasing of 30.4% of  Joint Stock Company «Silovye mashiny» (“Force machines”) shares,

which belongs to holding “Interros”, and has already made an application to Federal Antimonopoly Service (FAS). Earlier it was considered, that Siemens is not going to apply for th is holding of shares.

It is already the third application to FAS for purchasing of “Silovye mashiny” shares. Earlier FAS approved applications of company Highstat Limited, which belongs to the owner of “Severstal” Alexey Mordashov

and Stephens Capital Ventures of Oleg Deripaska, the owner of holding “Bazovyj element” (“Basic element”). The first company made an application for purchasing of 100% of “Silovye mashiny” shares, the second one for 82%.

Now two shareholders

of the “Silovye mashiny” are ready to sell their holding of shares

to the companies. In the whole Russian Stock Company “Unified Energy Systems of Russia” and “Interros” own 55.4% of enterprise shares.

“Unified Energy System of Russia” and Siemens own 25% of shares plus one share of “Silovye mashiny”. Approximately 19.5% of company shares belong to minority shareholders.

Earlier the strategy and reforming committee of Russian Stock Company “Unified Energy System of Russia” supported the sale of “Silovye mashiny” shares for $460.9 million by public auction.

Meanwhile, energy holding refused the right of priority for redemption from “Interros”. However, according the inside dope, “Silovye mashiny” shares of RSC “Unified Energy System of Russia” will be sold to Alexey Mordashov.

“Silovye mashiny” produce turbines and generators for electric power station.

Capitalization of the company on a stock exchange makes approximately $1.6 billion. According to the reporting of 2006, the dead loss of “Silovye mashiny” has reached $132.2 million. The Market Share of the company on the Russian market of energy engineering makes 37%.