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): Statement
The open joint-stock company Federal Grid Company of Unified Energy
System:

01.08.2011 / 13:00

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Non-executive Director assumes role of Chairman of Federal Grid–s Board of
Directors

Moscow, 1 August 2011 – Federal Grid Company of Unified Energy System
(–Federal Grid Company– or the –Company–, ticker symbol: MICEX, RTS, LSE:
FEES), the operator and manager of Russia–s unified electricity
transmission grid system, is pleased to announce that Ernesto Ferlenghi, an
independent non-executive director, was elected the Chairman of the Board
of Directors of Federal Grid at the meeting of the Company–s Board of
Directors.

Igor Khvalin, also an independent non-executive director, was elected
Deputy Chairman of the Board of Directors of Federal Grid.

Mr. Ferlenghi replaces Sergey Shmatko, the Energy Minister of the Russian
Federation, who chaired the Board since 2008. The current Board of
Directors was elected at the Federal Grid–s Annual General meeting on 29
June 2011. The Board has eleven members including four independent
directors.

Ernesto Ferlenghi, Chairman of the Board of Directors, commented:

–I am pleased and honoured to be elected the Chairman of the Board of
Federal Grid. This is an exciting and demanding role at the company that is
the backbone of the Russian electricity sector. We are one of the largest
energy infrastructure companies in the world and we aspire to be one of the
most technologically advanced.

I believe it is a significant achievement for Federal Grid that it has
become one of the first major Russian companies with the Board of Directors
chaired by an independent non-executive director in line with the
international best practice in corporate governance.

Finally, on behalf of the Board of Directors I would like to extend our
gratitude to the outgoing Chairman Sergey Shmatko for helping to navigate
the Company through the reform of the electricity sector, asset
consolidation and the launch of the RAB tariff regulation–.

Ernesto Ferlenghi–s biography

Ernesto Ferlenghi has been Member of the Board of Federal Grid since
December 2008. He is also a member of Audit Committee of the Board.

Since April 2009 Mr. Ferlenghi has been Vice President of Eni S.p.a. and
since 2005 he has been the Head of Eni–s representative office in Russia
and CIS. He is also a Member of the Board of Directors at SeverEnerghia.
From 2005 to 2009 he was Managing Director of EniEnerghia, Russia. Prior to
that, from 2003 he was representative of Eni in Kazakhstan and was regional
manager at Agip Caspian Sea and Agip KCO. In 1996-1997 Mr. Ferlenghi was a
project manager at the European Commission–s TACIS Project in Baku
(Azerbaijan). Mr. Ferlenghi started his career in 1994 as a consultant at
Tor Vergata University in Rome. He graduated from Tor Vergata University
in 1994 with the diploma in physics.

Ernesto Ferlenghi is 43 years old. He is married with two daughters.

Contacts

Investors

Alexander Duzhinov                + 7 (495) 710-90-64  +7 (916) 041-80-53

Media

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

College Hill - International

Media

Leonid Fink                       +44 (0)20 7457 2015  +44 (0)7 837 67 4444

Simon Whitehead                   +44 (0)20 7457 2072  +44 (0)7 881 78 3372

About Federal Grid Company

Federal Grid Company is the operator and manager of Russia–s unified
electricity transmission grid system with over 121,000 km of transmission
lines and over 311 thousand MVA 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 Federal Tariff Service. From 1 January 2010 a new RAB
(Regulatory Asset Base) tariff framework, designed to stimulate investment
and operating efficiency, was introduced.

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

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

Neither the content of the issuer–s website nor the content of any other
website accessible from hyperlinks
on the issuer–s website is incorporated into, or forms part of, this
announcement.

End of Corporate News

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01.08.2011 Dissemination of a Corporate News, transmitted by
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The issuer is solely responsible for the content of this announcement.

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