FEES.L Regulatory News (FEES)

12.08.2011

The Results of the Meeting of the Board of Directors

Moscow, 12 August2011- JSC Federal Grid Company of Unified Energy System ("Federal Grid" or the "Company", ticker symbol: MICEX, RTS, LSE: FEES), the operator and manager of Russia's unified electricity transmission grid system announces the results of a regular meeting of the Board of Directors, held August 11th in absentia. The Board of Directors made a decision to terminate the powers of Dmitry Troshenkov and Pavel Romanov as members of Federal Grid's Management Board.

The Board of Directors also made a decision to elect Andrey Cherezov Deputy Chairman of the Management Board and Chief Engineer and Samuil Zilberman General Director of the branch of Federal Grid - Backbone electric grids of Siberia.

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The Board of Directors has approved new members of the Federal Grid's Board of Directors Committees: Audit Committee, Investment Committee, HR and Remuneration Committee and Strategy Committee. The change in committee membership is a result of a change in the membership of the Company's Board of Directors, implemented in accordance with the resolution of the Annual General Shareholders Meeting (June 29th, 2011).

The following members of Audit Committee were elected:

·; Rashid Sharipov;

·; Kirill Levin;

·; Denis Fedorov;

·; Igor Khvalin.

The Chairman of Audit Committee is Rashid Sharipov.

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The following members of Investment Committee were elected:

·; Andrey Malyshev;

·; Aleksandr Ilyenko;

·; Roman Berdnikov;

·; Aleksandr Bobrov;

·; Vladimir Mayorov;

·; Elena Povolotskaya;

·; Alexey Makarov;

·; Vasily Nikonov;

·; Yiri Solovyev;

·; Sergey Serebryanikov;

·; Alexandr Rogov;

·; Vladimir Fortov;

·; Igor Khvalin.

The Chairman of Investment Committee is Andrey Malyshev.

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The following new members of HR and Remuneration Committee were elected:

·; Denis Fedorov;

·; Rashid Sharipov;

·; Igor Khvalin.

The Chairman of HR and Remuneration Committee is Denis Fedorov.

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The following new members of Strategy Committee were elected:

·; Dmitry Ponomarev;

·; Roman Berdnikov;

·; Alexandr Bobrov;

·; Anatoly Dyakov;

·; Igor Kozhukhovsky;

·; Viktor Kudryvy;

·; Yuri Lipatov;

·; Alexey Makarov;

·; Valentin Mezhevich;

·; Igor Khvalin;

·; Vladimir Fortov;

·; Nikolay Shulginov;

·; Yuri Solovyev;

·; Kirill Levin;

·; Natalia Zaikina;

·; Oleg Stasev.

The Chairman of Strategy Committee is Igor Khvalin.

About Federal Grid

Federal Grid is the operator and manager of Russia's unified electricity transmission grid system. With over 121,000 km of transmission lines and over 311 thousand MVA of installed transformer capacity, it is the largest publicly traded electricity transmission company in the world.

Federal Grid's business is to provide transmission and connection services to the Russian wholesale electricity market. It maintains and develops the grid system and supervises grid facilities and infrastructure in 73 regions of Russia, in which it operates. Its customers are regional distribution companies, retail electricity suppliers and large industrial enterprises. The Company operates in an exclusive, competition free environment, and is regulated by the Government of the Russian Federation.

The Company's revenue is mainly driven by the transmission tariff set by the Regulator, the Federal Tariff Service. From 1 January 2010 a new RAB (Regulatory Asset Base) tariff framework, designed to stimulate investmentand operating efficiency, was introduced.

The Company was incorporated in 2002 as part of reorganization of Russia's electrical power industry. The Russian Government is the largest shareholder with a 79.48% stake.

Further information can be found at www.fsk-ees.ru/eng.

Neither the content of the issuer's website nor the content of any other website accessible from hyperlinkson the issuer's website is incorporated into, or forms part of, this announcement.