16 September 2009

Changes to the Management Board of ОАО “IDGC of Urals”

Ekaterinburg (Ural Federal District, Russia) - ОАО "IDGC of Urals" (RTS and MICEX: MRKU) reports on the results of BoD session.

September 11, 2009 saw an extraordinary BoD session which chose new members of the Company's Management Board. Currently, the Management Board is as follows:

Valery RODIN, General Director

Yuri LEBEDEV, Deputy General Director for Technical Issues - Chief Operating Officer

Sergey SEMERIKOV, Deputy General Director for Capital Construction

Sergey ZOLOTAREV, Deputy General Director for Development and Service Sales

Olga ABROSIMOVA, Chief Accountant

Aleksei KRASNIKOV, Deputy General Director for Security and Controlling

The BoD also approved Evgenyi POPOV as Deputy General Director for Corporate Governance.

Besides, the BoD approved the issue on transition to RAB tariff model on the Company's service area since January 01, 2010.

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 "Kurganenergo", ОАО "Ekaterinburgenergosbyt").

As of 2008 the revenues from services totaled RUR 36.0 bln., net profit reached RUR 862.1 mln (under RAS). Overall energy supply in 2008 amounted to 86.3 bln. kWh, productive supply totaled 79.9 bln. kWh, energy losses reached 6.5 bln. kWh.

Common shares are traded on MICEX and in RTS in quotation lists "B". Free float is about 20%. In October, 2008 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