IR Releases

13.11.2010

Change in the structure of the joint-stock capital of JSC “LENENERGO”

Based on the information available in JSC “LENENERGO”, on 18 November 2010 I.D.E. Electricity Distribution Investments 1 Ltd and JSC “Bank VTB” completed a repurchase agreement (REPO) in respect of sale of 8.65% (80,091,051 pieces) of ordinary shares of JSC “LENENRGO”. The portion of the ordinary shares, which belonged to JSC “Bank VTB”, was reduced to 0%.

I.D.E. Electricity Distribution Investments 1 Ltd is an investment fund of IES Holding specializing in the investments into Russia’s electric grid sector.