OREANDA-NEWS. On 25 April 2008 Balance Sheet statement as of December 31, 2007 was announced.

The assets of “OGK-2” JSC (“Company”) as of December 31, 2007 amounted to 43,475 million rubles (as of December 31, 2006 – 17,076 million rubles).

The Company’s short-term accounts receivable as of December 31, 2007 amounted to 2,472 million rubles, the long-term accounts receivable came to 2,535 million rubles.

The equity capital of the Company as of December 31, 2007 amounted to 34,478 million rubles (as of December 31, 2006 – 9,579 million rubles).

The short-term liabilities of “OGK-2” JSC as of December 31, 2007 amounted to 2,064 million rubles.

Profit and Loss Statement for the year 2007:

Revenues of “OGK-2” JSC in 2007 amounted to 33,759 million rubles (in 2006 – to 8,259 million rubles); at that, gross profit amounted to 1,119 million rubles.

Income before taxes of “OGK-2” JSC in 2007 amounted to 426 million rubles, net profit – to 39 million rubles.

The comparative data of 2007 are given with regard to the Company only and do not include the data of “Stavropol GRES” JSC,

“Troitsk GRES” JSC, “Serov GRES” JSC, “Pskov GRES” JSC and “Surgut GRES-1” JSC of 2006 before the time of reorganization

in the form of consolidation – September 28, 2006, as they could not be determined with sufficient degree of reliability.

The reliability of the financial (accounting) statement of “OGK-2” JSC for 2007 is confirmed by audit report of “PriceWaterhouseCoopers Audit”.

The complete financial statements of “OGK-2” JSC for the year 2007 are available now on the Company’s corporate web-site at Russian.

OGK-2 will publish IFRS-2007 in May, 2008.