At its meeting today, the Board of Directors of Generation Company Four of the Wholesale Power Market (OGK-4) decided to convene the Extraordinary General Meeting of the Company. The EGM agenda includes the issue “Approving the Agreement for Capacity Supply to the Wholesale Market among the Company, FSC, and NP ATS, which is a revenue intensive transaction.”
The EGM will be held will be held by absentee voting. The deadline for the receipt of completed ballots is September 12, 2007. The date of the shareholder register specifying shareholders entitled to vote at the EGM is August 7, 2007.
On July 27, 2007, the Board of Directors RAO UES of Russia considered the issue related to the mechanism for ensuring implementation of the OGK-4 investment Program and control over the proper use of funds to be raised from the placement of additional shares in the Company. The Board of Directors of RAO UES of Russia approved the agreements for capacity supply to the wholesale market to be entered into among OGK-4, NP ATS, ZAO Financial Settling Center (FSC). The Agreement will provide for OGK-4’s obligations for new capacity supplies to the wholesale market, with their volume and term specified in the approved Investment Program of the Company. Entering into such agreement is a mandatory