FEES.L Regulatory News (FEES)

Notice of change of depositary bank

1 July 2013, Moscow- Federal Grid Company of Unified Energy System ("Federal Grid Company" or "the Company") (Moscow Exchange, LSE: FEES), announces that a new deposit agreement (Second Supplemental Regulation S and 144A Deposit Agreements) with The Bank of New York Mellon is effective from today.

Further to the announcement dated 31 May 2013, The Bank of New York Mellon will replace Deutsche Bank Trust Company Americas as depositary for JSC Federal Grid Company of Unified Energy System under a new agreement effective from today, 1 July 2013.

Information regarding the new depositary:

The Bank of New York Mellon is a state-chartered New York banking corporation and a member of the United States Federal Reserve System, subject to regulation and supervision principally by the United States Federal Reserve Board and the New York State Banking Department. The Bank of New York Mellon was constituted in 1784 in the State of New York. It is a wholly owned subsidiary of The Bank of New York Mellon Corporation, a New York bank holding company. The principal office of The Bank of New York Mellon is located at One Wall Street, New York, New York 10286.

Established in 2007 from the merger of Mellon Financial Corporation and The Bank of New York Company, Inc., BNY Mellon is a leading asset management and securities servicing company.

BNY Mellon's registered address is One Wall Street, New York, NY 10286, USA.

DR holders do not need to take any action in connection with this notice.

Certified or conformed copies of this Agreement shall be filed with The Bank of New York Mellon and the Custodian and shall be available to Holders for inspection during normal business hours on any business day at the specified offices of the Depositary and any Agent and at the Main Office of the Custodian.

For more information on the depositary, please visit www.bnymellon.com.

In compliance with Listing Rule LR 18.2.14R the Depositary issues certificates representing certain securities and maintains adequate arrangements to safeguard certificate holders' rights to the securities to which the certificates relate, and to all rights relating to the securities and all money and benefits that it may receive in respect of them, subject only to payment of the remuneration and proper expenses of the issuer of the certificates.

The Depositary will hold the deposited shares and any other deposited property (such as cash dividends paid by the Company) for the sole benefit of the GDR holders. The Deposit Agreements provide that, except in the case of mandatory redemptions or exchanges or sales required to pay taxes on the deposited Shares, the deposited Shares can only be delivered out of the GDR facility to, or to the order of, a holder of the related GDRs upon surrender of such GDRs. Further, the Deposit Agreements provide that the Depositary may exercise voting rights with respect to deposited Shares only as instructed by GDR holder in accordance with the terms of the Deposit Agreements.

The Deposit Agreements provide that deposited cash shall be held by the Depositary or by the Depositary's Russian custodian (the "Custodian") for the account and to the order of the Depositary or at such other place or places as the Depositary shall determine (Section 2.3, please see appendix). The Depositary holds any such cash in an account at the Custodian in the name of the Depositary or in an account at The Bank of New York Mellon in the name of the Depositary. Subject only to fees and taxes, the Deposit Agreements require the Depositary to distribute all cash it receives in respect of deposited securities or that are proceeds of the sale of any deposited securities to the GDR holders. The Deposit Agreements require the Depositary to convert deposited cash that is in a foreign currency into U.S. dollars if it can do so on a reasonable basis. If for any reason the Depositary cannot distribute deposited cash to GDR holders it may, under the terms of the Deposit Agreements (Section 4.8, please see appendix), distribute foreign currency or hold that cash for the account of the GDR holders that have not been paid. To the extent the Depositary holds deposited cash with respect to which a record date for distribution has not been fixed, a GDR holder is entitled to receive its proportionate share of that cash upon surrender of its GDRs. Following any foreign exchange referenced above, cash is held by BNYM and identified in the books and records of the Depositary, as payable to the GDR holders. When the Company makes a payment of a cash distribution, the Depositary receives such cash into an account of The Bank of New York Mellon ("BNYM") at the designated Custodian (the "Cash Account"). The Cash Account is for the sole use of BNYM's DR business and is governed by a separate and specific DR custody agreement between BNYM and the Custodian. All funds are held for the benefit of DR holders and reflected in the books of BNYM accordingly.

With respect to voting of shares and other deposited securities represented by GDRs, the Deposit Agreements provide that, upon receipt of notice of any meeting or solicitation or proxies or consents of holders of shares or other deposited securities, the Depositary shall, if requested in writing by the Company, as soon as reasonably practicable thereafter, distribute to the registered GDR holders (a) the notice of meeting or solicitation that it received, (b) a statement that registered GDR holders as of the close of business on a specified record date will be entitled, subject to any applicable provisions of Russian law, the applicable Deposit Agreement and of the articles of association or similar document of the Company, to instruct the Depositary as to the exercise of the voting rights, if any, pertaining to the amount of shares or other deposited securities represented by their respective GDRs and (c) a statement as to the manner in which such instructions may be given. Upon the written request of a registered holder of GDRs on such record date, received on or before the date established by the Depositary for such purpose, the Depositary shall endeavour, insofar as practicable, to vote or cause to be voted the amount of shares or other deposited securities represented by those GDRs in accordance with the instructions set forth in such request. The Depositary shall not vote or attempt to exercise the right to vote that attaches to such Shares or other Deposited Securities other than in accordance with such instructions.

Appendix

Section 2.3 Deposit of Shares

(a) No shares or evidence of rights to receive shares may be deposited before the Initial Deposit. Subject to the terms and conditions of this Rule 144A Deposit Agreement, after the Initial Deposit, by (A) the Company or its Affiliates in the case of an Offering of Shares or any distribution of Shares, but in such case subject to the terms of sections 4.2, 4.3, 4.4, 4.11 and 5.8 hereof, (B) any persons (other than the Company and its Affiliates), subject, however, to prior delivery to the Depositary by or on behalf of the person acquiring beneficial ownership of the Rule 144A GDRs to be issued in respect of such Shares of a duty completed and signed certification and agreement substantially in the form of Exhibit D-1 attached hereto, and (C) any Affiliate to the Company, subject, however, to the prior delivery to the Depository by or on behalf of the Affiliate acquiring beneficial ownership of the Rule 144A GDRs to be issued in respect of such Shares of a duty completed and signed certification and agreement substantially in the form of Exhibit D-3 attached hereto, in each case by book entry transfer to the Custodian accompanied by any appropriate instrument or instruments of transfer or endorsement which will consist of (x) extracts from the Share Register and, if applicable, certificates evidencing ownership of the Shares (y) a transfer deed or other similar document authorizing registration of the Shares in the name of Depositary, the Custodian or their respective nominees, or endorsement, in form satisfactory to the Custodian, and (z) where applicable, a purchase/sale contract or other similar document relating to the transfer of the Shares, in each case in form satisfactory to the Custodian, and delivery to the Custodian of evidence satisfactory to the Custodian that irrevocable instructions have been given to cause such Shares to be transferred to such account, in any case accompanied by delivery to the Custodian or the Depositary, as the case may be, of (x) a written order, from the person depositing such Shares or on whose behalf such Shares are deposited, directing the Depositary to execute and deliver to, or upon the written order of, the person or persons stated in such order a Rule 144A GDR Certificate (if certified Rule 144A GDR Certificates are then available pursuant to Section 2.2 hereof), or make such adjustment to its records, as contemplated by Section 2.2 hereof, for the number of Rule 144A GDRs representing such Deposited Shares, (y) any payments, including the charges of the Depositary for the making of deposits and the issuance of Rule 144A GDRs ( as set forth in Exhibit B hereto). And documents required under this Rule 144A Deposit Agreement and (z) such other documentation as the Depositary and the Company may reasonably require.

The Company shall notify the Depositary and the Custodian in writing in the event that the Shares or Rule 144A Deposited Securities shall be listed on a national securities exchange registered under Section 6 of the Securities Exchange Act or quoted in a U.S. automated inter-dealer quotation system (within the meaning of Rule 144A(d)(3)(i)). In such event, notwithstanding any other provision of the Rule 144A Deposit Agreement to the contrary, the Depositary and the Custodian shall refuse to accept for deposit any Shares, unless (i) the person making such deposit shall certify that neither the Shares nor the other Rule 144A Deposited Securities to be deposited were, when issued, of the same class (within the meaning of Rule 144A(d)(3)(i)), as he securities so listed or quoted, and (ii) such Shares are accompanied by evidence satisfactory to the Depositary that such Shares are eligible for resale under Rule 144A. The Depositary and the Custodian shall refuse to accept Shares for deposit whenever notified, as hereinafter provided, that the Company has restricted transfer of such Shares to comply with any ownership restrictions referred to in Section 3.4 and 3.5 hereof or under applicable laws. The Company shall notify the Depositary and the Custodian in writing with respect to any such restrictions on transfer of it Shares for deposit hereunder or transfer of Rule 144A GDR Certificates to any Holder.

As a condition of accepting Shares for deposit, the Depositary may require that the person making such deposit furnish, whether or not any register of shareholders of the Company is closed, (a) an agreement, assignment, or other instrument satisfactory to the Depositary or the Custodian, that provides for the prompt transfer by the person in whose name the Shares are registered to the Custodian or its nominee of any distribution or right to subscribe for additional Shares or to receive other property in respect of such deposited Shares, or in lieu thereof, such agreement of indemnity or other agreement as shall be reasonable satisfactory to the Depositary or the Custodian and (b) if the Shares are registered in the name of the person presenting them, or on whose behalf they are presented for deposit, a proxy or proxies entitling the Custodian to vote such deposited Shares for any and all purposes until the Shares so deposited are registered in the name of the Custodian or its nominee.

The Depositary agrees to instruct the Custodian to place all Shares and any other securities that the Rule 144A Deposited Securities accepted for deposit under this Rule 144A Deposit Agreement into an account or accounts that are segregated and separate from the account in which Shares and such other securities of the Company may be held by such Custodian under and other depositary receipt facility pursuant to which depositary receipt certificates evidencing depositary receipts representing Shares are issued.

Upon each delivery to the Custodian of an extract or extracts from the Share Register evidencing ownership of the Shares by any person presenting Shares for deposit hereunder and, as applicable, a certificate for, or other documents evidencing title to. Shares to be deposited hereunder, together with the other documents specified in this Rule 144A Deposit Agreement, the Custodian or its agents, promptly after receipt of evidence that such transfer has been accomplished, shall present such extract or extracts, certificate or certificates or other documents as above specified to the Russian Share Registrar for the transfer and recording of the Shares being deposited in the name of the Depositary or its nominee or the Custodian or its nominee, and upon the request of the Depositary, the Company shall use its reasonable efforts to assist the Depositary in ensuring that each transfer and recording is promptly effected by the Russian Share Registrar. Records of ownership Rule 144A Deposited Securities ( including extracts from the Share Register) shall be hold by the Custodian for the account and to the order of the Depositary at such place or places (other than in the United Kingdom) and in such manner as the Depositary shall determine.

Notwithstanding anything else contained in this Rule 144A Deposit Agreement to the contrary, the Depositary shall not be required to accept for deposit or maintain on deposit with the custodian (a) any fractional Rule 144A Deposited Securities, or (b) any number of Shares or Rule 144A Deposited Securities which, upon application of the ration of Rule 144A GDRs to rule 144A Deposited Securities, would give rise to fractional Rule 144A GDRs.

No share shall be accepted for deposit unless accompanied by certifications and agreements and other evidence, if and to the extent reasonably required by the Depositary, that is satisfactory to the Depositary and the Custodian in their discretion that all conditions to the making and acceptance (as the case may be) of such deposit and the issuance of Rule 144A GDRs against such deposit have been satisfied under the laws and regulations of Russia and any necessary registration, filing, notification, permit, license and approval has been made with or granted by any state authority in Russia. The Depositary may issue Rule 144A GDRs against evidence of rights to receive Shares from the Company, any agent of the Company or any custodian registrar, transfer agent, clearing agency or other entity involved in ownership or transaction records in respect of the Shares. Such evidence of rights shall consist of written blanket or specific guarantees of ownership of Shares furnished by the Company or any such custodian, registrar, transfer agent, clearing agency or other entity involved in ownership or transaction records in respect of the Shares.

Without limitation of the foregoing and except as contemplated by the terms of Section 2.3(a)(C) above, the Depositary shall not knowingly accept for deposit under this Rule 144A Deposit Agreement any Shares or other Rule 144A Deposited Securities required to be registered pursuant to the provisions of the Securities Act, unless a registration statement under the Securities Act is in effect to such Shares or other Rule 144A Deposited Securities, or any Shares or Rule 144A Deposited Securities the deposit of which would violate any provisions of the Charter. For purposes of the foregoing sentence, the Depositary shall be entitled to rely upon representations and warranties made or deemed made pursuant to this Rule 144A Deposit Agreement and shall not be required to make any further investigation. The Depositary will comply with written instructions of the Company (received by the Depositary reasonably in advance) not to accept for deposit hereunder any Shares identified in such instructions at such time and under such circumstances as may reasonably be specified in such instructions in order to facilitate the Company's compliance within the securities law of the U.S.

(b)(i) The Depositary shall accept the Initial Deposit in accordance with the provisions of Section 2.3(a) hereof. The Rule 144A GDRs issued in connection with the Initial Deposit shall be issued on a provisional basis until the Company delivers written notice to the Depositary that a report on the results of the placement of such newly issued Shares (a "Placement Report") has been registered by the Russian Federal Service Prior to receipt by the Depositary of such written notice from the Company, notwithstanding anything in this Rule 144A Deposit Agreement to the contrary: (i) the Depositary shall not, except as specifically described in the next succeeding paragraph, deliver any Shares pursuant to Section 2.7 hereof and shall not vote, or cause to be voted, Rule 144A Deposited Securities; (ii) Holders shall not be entitled to give voting instructions, as contemplated by Section 4.10 hereof; and (iii) the only Rule 144A GDR Certificates issued hereunder shall be the Master Rule 144A GDR Certificate in the name of the nominee of DTC.

If a Placement Report required to be registered with the Russian Federal Service has not been so registered and the newly issued Shares deposited in connection with the Initial Deposit shall have been cancelled , then a pro rata portion of the Rule 144A GDRs then in issue will be cancelled by the Depositary.

(ii) The Depositary shall accept a deposit of Shares by the Company and/or one or more shareholders (who may but need not be Affiliates) of the company in connection with an Offering in accordance with the provisions of Section 2.3(a) hereof; provided that, solely in connection therewith, any such shareholders or Affiliate(s) of the company shall not be required to comply with the terms of Sections 4.2, 4.3, 4.4, 4.11 and 5.8 hereof or to deliver the Certification and agreement in the form of Exhibit D-3 hereto.

If the Company makes a deposit in connection with an Offering of newly issued Shares, the Rule 144A GDRs issued in respect of all such newly issued Shares, as well as any Shares deposited by any shareholder(s) (who may but need not be Affiliates) of the Company in connection with the relevant Offering as the case may be, shall be issued on a provisional basis until the company delivers written notice to the Depositary that, as the case may be either (x) a valid notice on placement of the new issue of Shares (a "Placement Notice") has been duly and timely filed with the Russian Federal Service or (y) a report on the results of the placement of such newly issued Shares (a "Placement Report") has been registered by the Russian Federal Service. Prior to receipt by the Depositary of such written notice from the Company, or, if later, the Moscow business day next following the due and timely filing of a valid Placement Notice with the Russian Federal Service, notwithstanding anything in this Rule 144A Deposit Agreement to the contrary: (i) the Depositary shall not, except as specifically described in the next succeeding paragraph, deliver any Shares pursuant to Section 2.7 hereof and shall not vote, or cause to be voted, Rule 144A Deposited Securities; (ii) Holders shall not be entitled to give voting instructions, as contemplated by Section 4.10 hereof; and (iii) the only Rule 144A GDR Certificates issued hereunder shall be the Master Rule 144A GDR Certificate registered in the name of the nominee of DTC

If (i) the Company did not have a right to file, or having such a right, failed to duly and timely file, a valid Placement Notice with the Russian Federal Service, and (ii) a Placement Report required to be registered with the Russian Federal Service has not been so registered on or before the date which is 60 days after the closing date for the offering (or such later as the Company, the selling shareholders (if any) and the underwriters participating in such offering may agree), then upon written notice by a representative of the underwriters participating in such offering may agree), then upon written notice by a representative of the underwriters participating in such offering, the proceeds of such offering shall be delivered to the Depositary and from the time of its receipts of such proceeds the Rule 144A GDRs issued in connection with such offering will represent the right to receive a proportional interest in the funds so received. The funds so received by the Depositary in any currency other than Dollars will be converted into Dollars (at the market rates then available) and distributed to the then Holders of the relevant Rule 144A GDRs in each case on the terms of the Rule 144A Deposit Agreement . Such Rule 144A GDRs will be cancelled by the Depositary upon distribution of the proportional interests in the funds so received, converted (if necessary), and distributed to the Holders of such Rule 144A GDRs. The funds so received, converted (if necessary) and distributed to Holders of such Rule 144A GDRs may be less than the price at which such Rule 144A GDRs have been sold by the company of the selling shareholders or purchased by the Holders thereof, and such distribution may be subject to withholding taxes or delays.

(iii) The company and Depositary agree that neither the Depositary nor the Custodian assumes any obligation or responsibility to make any payments for, nor shall either of them be subject to any liability under this Rule 144A Deposit Agreement or otherwise for non-payment for, any Shares newly issued and placed by the Company or sold by any selling shareholders in the Initial Deposit or any Offering.

(c) Notwithstanding anything herein to the contrary, if at any time the Company shall have obtained a listing on the GDRs on the Official List of the UK Financial Services Authority and admission to trading of the GDRs on the Regulated Market of the London Stock Exchange, the Depositary may close its books to the deposit of Shares if at any time the aggregate number of GDRs in issue would, if additional GDRs were to be issued against the deposit of additional Shares, exceed the number of GDRs for which a listing and admission to trading has been obtained, and may keep its books closed to the deposit of Shares unless and until the company shall have produced a prospectus in accordance with the Prospectus Rules under the UK Financial Services & Markets Act 2000, as amended, and obtained a block listing on the Official List of the UK Financial Services Authority and admission to trading on the Regulated Market of the London Stock Exchange of such number of additional GDRs as the Depositary may, in its reasonable discretion, request after consultation with the Company. The Depositary will notify the Company, and the Company will notify the London Stock Exchange, promptly after the Depositary shall have closed its books to deposits of Shares in accordance with the immediately preceding sentence.

(d) Notwithstanding anything herein to the contrary, the Depositary shall be entitled to close its books to the issuance of GDRs against new deposits of Shares if: (i) in the absence of any necessary approval from the Federal Antimonopoly Service or such other state authority as shall at the relevant time carry out functions in relation to the regulation of competition and anti-monopoly policy in Russia ("FAS") or an exemption, exemptive interpretation or waiver from FAS of a requirement to obtain such an approval at any time the Depositary believes the Shares deposited with it against issuance of GDRs together with any securities of the Company which shall have been deposited with the Depositary against issuance of depositary receipts, represent (or, upon accepting any additional Shares for deposit, would represent) in the aggregate twenty- four and ninety-nine hundredths of one percent (24.99%) or more of either (a) the issued and outstanding equity securities of the Company of all classes or types or (b) the voting rights of all holders of securities of the Company, or any such other percentage as shall at the relevant time require an approval from FAS; or (ii) at any time the Depositary believes that the shares deposited with it against issuance of rule 144a GDRs together with any other securities of the Company which shall have been deposited with the Depositary against issuance of depositary receipts, represents (or, upon accepting any additional shares for deposit, would represent) in the aggregate twenty nine and ninety-nine hundredths of one percent (29.99%) of the Shares or any such other percentage as shall at the relevant time require a shareholder of a Russian open joint stock company to make a mandatory tender offer; and each of the conditions set out in clauses (i) and (ii) of this paragraph, may hereinafter be referred to as "Condition".

Holders and Beneficial Owners shall make all necessary notifications or filings and shall obtain, maintain, extend or renew all necessary approvals to, with or from state authorities in the Russian Federation, and shall take all such other actions, as may be required to remain at all times in compliance with applicable rules and regulations of the Russian Federation.

Notwithstanding anything herein to the contrary, if at any time the Depositary believes that the Shares deposited with it against issuance of the GDRs, together with any other securities of the Company which shall have been deposited with the Depositary against issuance of the depositary receipts, represent (or, upon a accepting any additional shares for deposit, would represent)such percentage as exceeds any threshold or limit established by any applicable law, directive, regulation or permit, or satisfies any condition for making any filing, application, notification or registration or obtaining any approval, licence or permit or taking any other action required by any applicable law, directive or regulation, including without limitations on any of the Conditions (as the same may be amended from time to time), the Depositary may (i) close its books to deposits of additional Shares in order to prevent such thresholds or limits being exceeded or conditions being satisfied, or (ii) after consultation with the Company to the extent reasonably practicable, take such steps as are, in its opinion, necessary or desirable to remedy the consequences of such thresholds or limits being exceeded or conditions being satisfied and to comply with any such law, directive or regulation, including, without limitation, causing pro rata cancellation of GDRs and withdrawal of Shares or other Rule 144 A Deposited Securities to the extent necessary or desirable to so comply.

In considering whether any Condition or any other threshold has been reached or exceeded or condition has been satisfied for purposes of this Section 2.3(d), the Depository may, in addition to Shares deposited with it against the issuance of GDRs and other securities deposited with it against issuance of depositary receipts, take into consideration Shares or other securities of the Company (if any) held by itself and its affiliates for its or their proprietary account(s) or as to which it or they exercise voting or investment power.

(e) If at any time the Depository knowingly accepts Shares for deposits which are not fully fungible with other deposited Shares, the Depository and the Custodian will take all steps reasonably necessary to segregate the newly-deposited Shares from the previously-deposited Shares (through the use of sub-accounts or otherwise as they see fit) and the Depository will take all steps reasonably necessary to ensure (through the use of distinct ISIN/CUSIP numbers, the issuance of a distinct class of temporary GDRs, the use of legends or deposit and withdrawal certificates, or otherwise as it sees fit) that the Receipts issued for the newly-deposited Shares are not fungible with the Receipts issued for the previously-deposited Shares, until such time the newly-deposited Shares become fully fungible with the previously-deposited Shares.

Section 4.8 Conversion of Foreign Currency. Whenever the Depositary or the Custodian shall receive Foreign Currency, by way of dividends or other distributions or the net proceeds from the sale of securities, property or rights, which in the reasonable judgement of the Depositary can at such time be converted on a practicable basis into dollars transferable to the US and distributable to holders entitled thereto, the Depositary shall covert or cause to be converted, by sale or in any other manner that is may determine, such foreign currency into dollars, in each case using the then-prevailing market exchange rate available to the Depositary, and shall distribute such dollars (net of any applicable fees, any reasonable and customary expenses incurred on behalf of the holders in complying with currency exchange control or other governmental requirements) in accordance with the terms of the applicable sections of this Rule 144A Deposit Agreement. If the Depositary shall have distributed warrants or other instruments that entitle the holders thereof to such Dollars, the Depositary shall distribute such Dollars to the holders of such warrants and/ or instruments upon surrender thereof for cancellation, in either case without liability for interest thereon. Such distribution shall be made upon an averaged or other practicable basis without regard to any distribution among holders on account of any application of exchange restrictions or otherwise.

If such conversion or distribution generally or with regard to a particular Holder can be affected only with the approval or license of any government or agency thereof, the Depositary shall have authority to file such application for approval or license, if any, as it may deem desirable. In no event, however, shall the Depositary be obligated to make such a filing.

If any time the Depositary shall determine that in its reasonable judgment the conversion of any foreign Currency and the transfer and distribution of proceeds of such conversion received by the Depositary is not practicable or lawful, or if any approval or license of any governmental authority or agency thereof that is required for such conversion, transfer or distribution is denied or, in the reasonable opinion the Depositary, not discretion, (i) make such conversion and distribution in Dollars to the Holders for whom such conversion, transfer and distribution is lawful and practicable, (ii) distribute the Foreign Currency (or an appropriate document evidencing the right to receive such Foreign Currency) to Holders for whom this is lawful and practicable, and (iii) hold (or cause the Custodian to hold) such Foreign Currency (without liability for interest thereon) for the respective accounts of, the holders entitled to receive the same.

Enquiries:

About Federal Grid Company

Federal Grid Company is the operator and manager of Russia's unified electricity transmission grid system. Company operates over 131,000 km of transmission lines and has over 334 GVA of installed transformer capacity. Based on the length of transmission lines and transformer capacity in place, Federal Grid is the largest publicly traded electricity transmission company in the world.

Federal Grid's business is to provide electricity transmission and technological connection services.It maintains and develops the grid system and supervises grid facilities and infrastructure in 75 regions of Russia, covering a territory of 14.8 million square kilometres. Its customers are regional distribution companies, electricity suppliers and large industrial enterprises. The Company is a natural monopoly with 79.64% stake controlled by the Government of Russia through Russian Grids, OJSC

Federal Grid Company was incorporated in June 2002 as part of reorganisation of Russia's electrical power industry.

Federal Grid Company's common shares are included on the MICEX-RTS stock exchange underthe ticker FEES and the Company's GDRs are listed on the London Stock Exchange and traded under the same FEES symbol.

In 2012 the Company's IFRS revenue was RUB 140,313 million, adjusted EBITDAwas RUB 82,133 million, and adjusted profit for the period was RUB 29,956 million.

Further information can be found at www.federal-grid.com