OREANDA-NEWS. May 21, 2007. The Board of Directors of Open JSC TGC-4 on its meeting hold on May 14, instructed the General Meeting of Shareholders of TGC-4 which will be held on June 20, 2007 to take a decision on increasing of the authorized capital of the Open JSC TGC-4 by additional shares offering in amount of 518 810 million shares having a par value of 1 kopeck each one with total par value of 5 188 million rubles.
The shares of the Company will be offered to the general public ("open subscription") with payment for the shares to be made in cash in Russian Federation rubles. The aim of the Authorized Capital increasing of the Company by additional shares offering is to attract the financial resources in amount till 13 billion rubles for five year investment program realization of Open JSC TGC-4.


This announcement is not for publication or distribution in the Australia, Canada, Japan and United States.