Actuality January, 2008

Date of offering beginning: 1Q of 2008
Date of offering end: 2008 year
IPO Characteristics

Date of offering    1Q of 2008
Order of stocks’ offering     Additional issue + state share
Number of offered stocks     3,859 bln stocks
Amount of offered stocks in authorized capital:
before offering    14,78 %
after offering    12,87%
Number of RAO “UES of Russia” stocks for sale    9 645 676 916 common stocks (37%)
Share of RAO “UES of Russia” in the company:
before offering    54,4%
after offering    15,28%
Planned attracted capital     RUR 15 bln
Goal of facilities’ attraction    Investment program realization

About the company

Russian power company – Volga Territorial Generation Company (TGC-7) OJSC – was set up on August, 1, 2005 within the frame of project realization of Samara, Saratov, Ulyanovsk and Orenburg power systems restructuring.

Main activity of the company is thermal and electric energy is production, electric power sale at the wholesale market, heat supply to domestic and industrial consumers.

Volga TGC comprises generation and grid assets of Samaraenergo, Saratovenergo and Ulyanovskenergo with the further contribution in authorized capital of 100% stocks of Orenburg TGC (since March 9, 2007). In total Volga TGC incorporates 21 stations with

total electric power of 6 879,7 MW and thermal power of 30 687,2 GCal.

Volga TGC will be the second largest

TGC among the created in Russia in terms of installed capacity.

As on January 1, 2007 the total headcount of enterprises, included in Volga TGC, totaled 20 616 employees, including 3 67 3 employees of Orenburg TGC.

Volga TGC manages over 530 km of city thermal grids (in double pipe estimation) and 180 central heating stations in Tolyatti, Novokuibyshevsk, Saratov and Balakovo, and also 177 boiler houses in Saratov.

Orenburg TGC, included in the responsibility area of Volga TGC, also manages more than 520 km of thermal grids (in double pipe estimation), 139 central heating stations and 75 municipal boiler houses in Orenburg and Mednogorsk.

The general length of own and leased thermal grids is more than 1965 km

Volga Territorial Generation Company operating activity started on January 1, 2006.