DGAP-News: The open joint-stock company Federal Grid Company of Unified Energy System:

EquityStory.RS, LLC-News: The open joint-stock company Federal Grid
Company of Unified Energy System / Key word(s): Capital Increase
The open joint-stock company Federal Grid Company of Unified Energy
System:

01.08.2011 / 13:00

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Federal Grid Company Issues New Shares

Moscow, 1 August 2011 – JSC –Federal Grid Company of Unified Energy System–
(–Federal Grid Company– or the –Company–, ticker symbol: MICEX, RTS, LSE:
FEES), today announces the issue of additional shares with the total
nominal value of RUR 5.2 bln.

On 29 July 2011, the Board of Directors of Federal Grid Company approved
the increase of the Company–s authorised share capital by issuing
additional ordinary shares and signed off the Prospectus for the issue. The
Company will issue a total of 10,321,601,853 ordinary shares with the
nominal value of RUR 0.5 per share.

The Government of Russia will acquire RUR 4.1 bln worth of the newly issued
shares. The rest of the issue will be offered publicly on the market.
Existing shareholders will have a pre-emptive right to acquire the newly
issued stock proportional to their existing holdings in the Company.

The proceeds from the placement will be used for financing the Company–s
existing investment programme.

The placement of the newly issued shares is planned to take place in
September 2011.

Contacts

Investors

Alexander Duzhinov                + 7 (495) 710-90-   +7 (916) 041-80-53

                                  64

Media

Ekaterina Dobrogorskaya           +7 495 710 8239     +7 916 372 4393

College Hill - International

Media

Leonid Fink                       +44 (0)20 7457      +44 (0)7 837 67 4444

                                  2015

Tony Friend                       +44 (0)20 7457      +44 (0)7 798 86 4995

                                  2001

About Federal Grid Company

JSC –FGC UES– (–Federal Grid– or the –Company–) is the operator and manager
of Russia–s unified electricity transmission grid system. With over 121,000
km of transmission lines and over 305 GVA of installed transformer
capacity, it is the largest publicly traded electricity transmission
company in the world.

Federal Grid–s business is to provide transmission and connection services
to the Russian wholesale electricity market. It maintains and develops the
grid system and supervises grid facilities and infrastructure in 73 regions
of Russia, in which it operates. Its customers are regional distribution
companies, retail electricity supply and large industrial enterprises The
Company operates in an exclusive, competition free environment, and is
regulated by the Government of the Russian Federation.

The Company–s revenue is mainly driven by the transmission tariff set by
the Regulator, the FST. From 1 January 2010 a new RAB (Regulatory Asset
Base) tariff framework, designed to stimulate investment and operating
efficiency, was introduced. The RAB tariff will be reviewed every five
years, with the initial five year period to expire at the end of 2014.

The Company was incorporated in June 2002 as part of reorganization of
Russia–s electrical power industry. The Russian government is the largest
shareholder with a 79.48% stake.

Federal Grid–s common shares are included on the RTS and MICEX stock
exchanges under the ticker FEES. The Company–s GDRs are listed on the
London Stock Exchange and traded under the symbol FEES.

Further information can be found at www.fsk-ees.ru/eng

End of Corporate News

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01.08.2011 Dissemination of a Corporate News, transmitted by
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133890 01.08.2011