JSC MRSK Holding MRSK Results of extraordinary meeting of shareholders

  JSC MRSK Holding (MRSK) - Results of extraordinary meeting of shareholders

RNS Number : 4128R
MRSK Holding
19 November 2012

                                 MRSK Holding

           Results of Extraordinary General Meeting of Shareholders

19 November 2012. Moscow, Russia. - MRSK Holding (LSE: MRSK) ("the  Company"), 
the largest electricity distribution grid  company in Russia, today  announces 
the results of the Extraordinary General Meeting of Shareholders ("EGM")  held 
by absentee voting on 13 November 2012.

The following resolution was approved by MRSK Holding shareholders at the EGM:

- increase in the MRSK  Holding authorised capital through an  additional 
issue of 16,885,114,442 ordinary shares

- placement of the  additional shares via open  subscription at RUB  2.16 
per additional share

- payment  for the  additional shares  is to  be made  in Russian  rubles 
through the bank transfer to the MRSK Holding account. 

For further information:
MRSK Holding
Julia Martynova, IR                +7(495) 995 5333 (ext. 2070)
FTI Consulting                     
Larisa Millings / Marc Cohen       +44 20 7831 3113
Oleg Leonov / Maria Shiryaevskaya +7(495)795 0623


MRSK Holding is the  largest electricity distribution  grid company in  Russia 
and, the Company believes,  one of the  largest electricity distribution  grid 
companies  in  the  world  by  length  of  distribution  lines  and  installed 
transformer  capacity.  MRSK  Holding  holds  interests  in  and  manages   11 
interregional and five regional distribution  grid companies in Russia. As  at 
31 December  2011,  MRSK Holding  together  with its  subsidiaries  owned  and 
operated approximately  2.1  million kilometres  of  electricity  distribution 
lines with a total  installed transformer capacity  of approximately 395  GVA. 
Through its  subsidiaries,  the Company  operates  in 69  regions  of  Russia, 
covering an area of  approximately 7.8 million  square kilometres occupied  by 
approximately 85 percent  of Russia's total  population according to  Rosstat. 
The Company  reported  revenues  of  RUB  302.7  billion  and  net  profit  of 
RUB15.6billion for the first half of 2012.

Some of the  information in  this press  release may  contain projections  or 
other  forward-looking  statements  regarding  future  events  or  the  future 
financial performance  of  MRSK  Holding. You  can  identify  forward  looking 
statements by  terms such  as "expect,"  "believe," "anticipate,"  "estimate," 
"intend," "will," "could,"  "may" or  "might" the  negative of  such terms  or 
other similar expressions. We  wish to caution you  that these statements  are 
only predictions and that actual events  or results may differ materially.  We 
do not intend to update these  statements to reflect events and  circumstances 
occurring after the date hereof or to reflect the occurrence of  unanticipated 
events. Many factors could cause the actual results to differ materially  from 
those contained in our  projections or forward-looking statements,  including, 
among others, general economic conditions, our competitive environment,  risks 
associated with operating in Russia, rapid technological and market change  in 
our industry, as well as many other risks specifically related to MRSK Holding
and its operations.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


REGLIFFRLRLALIF -0- Nov/19/2012 07:00 GMT
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