OGK-1

The "First generation company of the wholesale electricity market" open joint stock company (JSC OGK-1) is created on March 23, 2005. JSC OGK-1 is the largest of the thermal wholesale generating companies created as a result of reform of the Russian power with an installed capacity of 9861 MW.

Assets

Are a part of JSC OGK-1:

• Perm GRES,
• Verhnetagilskaya GRES,
• Kashira GRES,
• Urengoy GRES,
• Iriklinskaya GRES.

Two existing power units of Nizhnevartovsk GRES are entered to authorized capital of Nizhnevartovsk GRES Ltd which stocks NVGRES HOLDING LIMITED (NHL) own. 75% minus 1 action in authorized capital of NHL belong to JSC OGK-1, 25% plus 1 action – TNK-BP.

The generating assets of JSC OGK-1 are located in power shortage regions of Russia with high consumption growth – in the integrated power systems of the Urals and the Center. The main fuel is gas which occupies about 91% in fuel balance of the company. At two power plants – Verkhnetagilska and Kashira GRES – along with gas as the main fuel use coal which share at both power plants makes about 30% (data of 2011).

Since April 1, 2011 powers of sole executive body of JSC OGK-1 are delegated to management company - "RJSC Management INTER Power Generation" Limited liability company.

Stocks of the company

Ordinary registered shares of JSC OGK-1 are traded at the MICEX Stock Exchange with the exchange OGK1 code (quoted A1 list) and also at the RTS exchange with the exchange OGKA code in the classical market and with the exchange OGKAG code in stock exchange market (quoted A2 list).

History

JSC OGK-1 is created on the basis of the order of OAO RAO "UES of Russia" of March 21, 2005 No. 52r for the purpose of accomplishment of the solution of Board of Directors of JSC RAO UES of Russia (the protocol of 12/24/2004 No. 183) and according to the Order of the Government of the Russian Federation of 9/1/2003 No. 1254-r.

On the basis of the Agreement on accession of January 12, 2006 and the Decision on increase in authorized capital of JSC OGK-1 taken of authorized body of charge of the shareholder of JSC OGK-1 - the Board of Directors of JSC RAO UES of Russia (The protocol of 12/23/2005 No. 211), performed reorganization in the form of accession of JSC Iriklinskaya GRES, JSC Kashira GRES — 4, JSC Nizhnevartovsk GRES, JSC Perm GRES and JSC Urengoy GRES to JSC OGK-1. Process of accession and transition to the single share came to the end on September 29, 2006.

Accession of JSC Iriklinskaya GRES, JSC Kashira GRES — 4, JSC Nizhnevartovsk GRES, JSC Perm GRES, JSC Urengoy GRES to joint stock company "OGK -

1" it is performed for ensuring effective activity of Society in the field of production and implementation of electrical and thermal energy in wholesale market of the electric power of the Russian Federation and also for implementation financial and other types of activity.

On the basis of the Agreement on accession of JSC OGK-1 Holding to JSC OGK-1 and the Decision on increase in authorized capital of JSC OGK-1 made by JSC RAO UES of Russia General shareholder meeting (The protocol of 10/30/2007/N) and JSC OGK-1 General shareholder meeting (The protocol of 11/26/2007/N), all stocks of JSC OGK-1 Holding were converted into the stocks of JSC OGK-1 which went into the disposal JSC OGK-1 as a result of accession of JSC OGK-1 Holding.

On September 10, 2007 the Moody's Investors Service of Investors Services assigned the international credit rating to JSC OGK-1 at the Va3 level with the forecast "stable". At the same time Moody's Interfax Rating Agency assigned score to the company on a national scale at the level of Аа3.ru that reflects steady market positions of JSC OGK-1 in the integrated power generating systems of the central Russia and the Urals and also a stable financial status of Society.

On April 18, 2008 the Board of Directors of JSC OGK-1 made the decision on acquisition of own placed shares by Society. The maximum quantity of actions which could purchase Society was 159,011,397 pieces, the purchase price of 2.51698 rubles for one action. According to the report on results of acquisition of JSC OGK-1 of own placed shares (it is approved as the solution of Board of Directors of 10/13/2008) to the personal account of JSC OGK-1 126,490,745 actions actually arrived. The redemption of own actions was made for ensuring conversion of stocks of JSC OGK-1 Holding into stocks of JSC OGK-1.

On May 30, 2008 JSC OGK-1 got permission of the federal executive body for the securities market to the circulation of 13,428,638,583 stocks of JSC OGK-1 outside the Russian Federation. Permission of FFMS of Russia to the security circulation was abroad necessary for Society for start of the GDR programs.

On July 1, 2008 JSC OGK-1 completed reorganization as a result of which selected from JSC RAO UES of Russia JSC OGK-1 Holding joined JSC OGK-1 (Minutes of extraordinary General shareholder meeting of 11/26/2007/N).

On July 10, 2008 the program of the global depositary receipts (GDR) on the stock of JSC OGK-1 concerning which The Bank of New York Mellon acts as depositary bank is open. Organization of the program of the GDR was performed within a closing stage of reform of JSC RAO UES of Russia and for the purpose of observance of the rights of holders of depositary receipts to stocks of JSC RAO UES of Russia. The address of the GDR is performed in over-the-counter market according to the applicable law. By Provision S the international code of ISIN – US67086K2006, by Rule 144A – US67086K1016 is assigned for the GDR.

Since August 1, 2008 became Nizhnevartovsk GRES Ltd to which authorized capital payment two existing power units of Nizhnevartovsk GRES were entered the independent subject of wholesale market of the electric power.

On August 12, 2008 the subsidiary of JSC OGK-1 of NVGRES HOLDING LIMITED (further - NHL) owning 100% of stocks of Nizhnevartovsk GRES Ltd performed additional issue of shares in the amount of 3,335 pieces for benefit of TNK-BP. As a result of placement of TNK-BP became the owner of a packet of 25% plus one stock NHL from the increased authorized capital. 75% minus 1 action in authorized capital of NHL belong to JSC OGK-1.

On November 14, 2008 stocks of JSC OGK-1 are transferred by the decision of Directorate of MICEX Stock Exchange Ltd from quoted list "I" to quoted list "A" of the first level. Inclusion of stocks of the Company in quoted list "A" of the first level allowed to expand a circle of professional investors who have the right to make transactions with securities of the Company.

On November 20, 2008 JSC OGK-1 became the participant of the rating made based on the annual research of information transparency of the largest public Russian companies in 2008 conducted by the International rating agency Standard & Poor's and the Center of economic and financial studies and developments at New Economic School.

On March 23, 2009 the rights on 27,628,151,912 ordinary shares of JSC OGK-1 belonging JSC FGC UES and JSC RusHydro that makes 61.88% of a total quantity of voting shares of Society for a period of 5 years with the prolongation right to the same period are delivered in trust management of JSC INTER RAO UES.

Since July 6, 2009 powers of sole executive body of JSC OGK-1 are delegated to management company - JSC INTER RAO UES.

On December 22, 2009 at extraordinary General shareholder meeting JSC OGK-1 the decision on increase in authorized capital of JSC OGK-1 by placement of additional ordinary nominal uncertificated shares with a nominal value of 0.57478 (zero the whole fifty seven thousand four hundred seventy eight hundred-thousandth) ruble everyone in number of 38 000 000 000 (thirty eight billion) pieces by an open subscription is made.

On July 15, 2010 the Federal Financial Markets Service registers the decision on additional release and the avenue of ordinary registered shares of JSC OGK-1 with a nominal value of 0.57478 (zero the whole fifty seven thousand four hundred seventy eight hundred-thousandth) ruble everyone in number of 38 000 000 000 (thirty eight billion) pieces placed on an open subscription.

On September 2, 2010 Federal Financial Markets Service placement outside the Russian Federation of ordinary nominal uncertificated shares of JSC OGK-1, the state registration number of additional issue of securities 1-02-65107-D-002D of 7/15/2010, in number of 19 000 000 000 (nineteen billion) pieces and the request for borders of the Russian Federation of ordinary nominal uncertificated shares of JSC OGK-1, the state registration number of additional issue of securities 1-02-65107-D-002D of 7/15/2010, in number of 7 232 159 646 (seven billion two hundred thirty two million hundred fifty nine thousand six hundred forty six) pieces is authorized.

On September 3, 2010 are included by the solution of JSC RTS of a stock of JSC OGK-1 in quoted list "A" of the second level. Inclusion of stocks of the Company in quoted list "A" of the second level of JSC RTS allowed to expand a circle of professional investors who have the right to make transactions with securities of the Company.

On December 10, 2010 JSC OGK-1 confirmed the international credit rating appropriated by Moody's Investors Service on the Va3 level / Forecast Stable.

On December 27, 2010 the notification on results of additional issue of securities of JSC OGK-1 on placement of ordinary nominal uncertificated shares with a nominal value of 0.57478 (zero whole fifty seven thousand four hundred seventy eight hundred-thousandth) ruble everyone in number of 20 808 551 577 (Twenty billion eight hundred eight million five hundred fifty one thousand five hundred seventy seven) pieces placed on an open subscription based on which JSC INTER RAO UES became the owner of 29.03% of authorized capital of Society is submitted to Federal Financial Markets Service.

On April 30, 2011 extraordinary General shareholder meeting JSC OGK-1 at which powers of management company – JSC INTER RAO UES are ahead of schedule stopped took place and the decision on delegation of power of sole executive body of management company – RJSC Management INTER Power Generation LLC is made.

Since April 1, 2011 functions of sole executive body of JSC OGK-1 are performed by management company - RJSC Management INTER Power Generation LLC.

On April 7, 2011 the Federal Financial Markets Service performs cancellation of individual number (code) 002D of the state registration number 1-02-65107-D-002D of 7/15/2010 assigned to additional issue of ordinary nominal uncertificated shares of JSC OGK-1.