ОАО «IDGC OF URALS»: MARKET-MAKER AUCTION RESULTS

24 October 2008

ОАО «IDGC of Urals» (RTS and MICEX: MRKU), united operating company of the Urals region exercising control over distribute grid complexes in Sverdlovsk, Chelyabinsk, Kurgan and Perm regions – reports on market-maker auction results.

ОАО «IDGC of Urals» summed up the results of the auction among financial institutions for the right to conclude contract on fulfilling market-maker obligations in relation to the Company’s common shares on ОАО “Stock Exchange “Russian Trading System” (ОАО “SE “RTS”) and ZАО “Stock Exchange “Moscow Interbank Currency Exchange” (ZАО “SE “MICEX”).

Totally, the Company received the only bid from ZАО “Investment company “Troika Dialog”. The auction was acknowledged invalid.

Having reviewed and evaluated financial and technical market-making terms, submitted by the only participant, the Company’s auction commission decided to conclude a market-making agreement with ZАО “Investment company “Troika Dialog”. The market-maker will be responsible for maintaining quotes on the Company’s shares during trading sessions.

We remind that since June 11, 2008 the Company’s common shares with the nominal value of RUR 0.1 are permitted for trading in Section “Securities permitted for trading without listing” of ОАО “SE “RTS” and on ZAO “SE “MICEX” (since June 18, 2008).

More details on the auction, action documentation and auction commission protocol can be found on the official web-site of the Sverdlovsk region on tenders at www.zakupki.midural.ru as well as on the official corporate web-site at www.mrsk-ural.ru, Section Tenders/ Tender results.

For additional information on the Company, please, visit the Company’s corporate web-site (www.mrsk-ural.ru) as well as Complex Information Disclosure System SKRIN (www.skrin.ru), Interfax (www.interfax.ru) and AKM (www.akm.ru).

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