29 April 2010

ОАО “IDGC of Urals”: Transfer to non-listed stock in RTS

Ekaterinburg (Ural Federal District, Russia) - ОАО "IDGC of Urals" (RTS and MICEX: MRKU) reports on the transfer of our shares to non-listed stock in RTS

In accordance with Alterations #203 to the List of Equities admitted for trading at OAO "RTS", approved by the RTS management board chairperson (Resolution #55 dd. April 27, 2010), on April 30, 2010 common shares of ОАО "IDGC of Urals" with the nominal value of RUR 0.1 will be excluded from Quotation list "B" and transferred to section "Stock admitted for trading without listing".

This transfer was caused by inconformity of MRKU's trading volume with the average monthly trading volume required for Quotation list "B". Nevertheless, we meet all the other requirements set forth by Quotation List "B".

We also should note that MRKU is mainly traded at Moscow Interbank Currency Exchange. Thus, as of 2009, our annual MICEX trading volume reached RUR 573.6 mln., whereas our annual RTS trading volume totaled RUR 38.1 mln. (6.2% of overall trading volume on both exchanges).

Download IR release (pdf, 137 кБ) 

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ОАО "IDGC of Urals"(est. in February 2005) is the main service provider responsible for energy transportation and technological connection of consumers to electric networks in Sverdlovsk, Chelyabinsk and Perm regions.

Electric network reform process in the Urals came to an end in April, 2008, and since May 1, 2008 ОАО "IDGC of Urals" is a united operating company exercising control over 3 regional subsidiaries (Sverdlovenergo, Chelyabenergo and Permenergo) as well as 3 core-asset affiliated companies (ОАО "Ekaterinburg Electric Grid Company", ОАО "Ekaterinburgenergosbyt").

As of 2009 the revenues from services totaled RUR 41.3 bln., net profit reached RUR 1.1 bln (under RAS). Overall energy supply in 2009 amounted to 75.8 bln. kWh, productive supply totaled 69.3 bln. kWh, energy losses reached 6.5 bln. kWh.

Common shares are traded on MICEX (Quotation list "B") and in RTS (Stock admitted for trading without listing). Free float is about 20%. In December, 2009 Consortium "RID-Expert RA" assigned us Corporate Governance rating at level "6+".

For additional information on the Company, please, visit our corporate web-site at www.mrsk-ural.ru, as well as Complex Information Disclosure System (www.skin.ru), Interfax (www.interfax.ru), AKM (www.akm.ru).

IR Department

Tel./ Fax: (343) 215 26 58/ 215 25 84

IR@mrsk-ural.ru