On July 25, 2006, the Inspectorate of the Federal Taxation Service of the Russian Federation for the City of Surgut, Khanty-Mansijsk Autonomous District, registered the restated Articles of Association of Generation Company Four of the Wholesale Market of Power and Energy (WGC-4) with regard to the increase in the authorized capital of the Company as a result of its reorganization. After the conversion of additional shares in AO-Power Plants to be taken over into shares in WGC-4, the Company's authorized capital amounted to 49,130,625,974 rubles. WGC-4 has placed a total of 49,130,625,974 registered ordinary shares, with a par value of 1 ruble each.
On July 20, 2006, the Federal Financial Markets Service registered reports on the results of additional issues of WGC-4 shares placed through conversion during the procedure for the takeover by WGC-4 of Shaturskaya TPP-5, Surgutskaya TPP-2, BTPP-1, Yaivinskaya TPP, and Smolenskaya TPP. As a result of of the takeover by WGC-4 of AO-Power Plants, the shareholding of RAO UES of Russia in the authorized capital of the Company reached 89.6%, and 10.4% for minority shareholders