BNY Mellon Appointed as Successor Depositary Bank by JSC Federal Grid Company

BNY Mellon Appointed as Successor Depositary Bank by JSC Federal Grid Company

PR Newswire

NEW YORK, July 23, 2013

NEW YORK, July 23, 2013 /PRNewswire/ -- BNY Mellon, the global leader in
investment management and investment services, has been appointed as the
successor depositary bank for the Global Depositary Receipt (GDR) program of
JSC Federal Grid Company of Unified Energy System. Each Federal Grid Company
GDR represents 500 ordinary shares and trades on the London Stock Exchange
under the symbol "FEES." Federal Grid Company's ordinary shares trade on the
Moscow Exchange under the symbol "FEES."

Federal Grid Company is the operator and manager of Russia's unified
electricity transmission grid system, which consists of more than 131,000
kilometers of transmission lines. Federal Grid provides electricity
transmission and technological connection services and maintains and develops
grid facilities and infrastructure, providing electricity in 75 regions of
Russia, an area of 14.8 million square kilometers. Its customers are regional
distribution companies, electricity suppliers, and large industrial

"Developing our relations with international investors is a key priority for
our company," said Andrey Kazachenkov, Federal Grid's First Deputy Chairman of
the management board. "Given the role that the depositary program can play in
expanding the potential investor base, we are hopeful that working with the
market leader will serve to significantly increase the liquidity of our GDRs
on the London Stock Exchange, as well as enhance the investment attractiveness
of Federal Grid Company for international capital markets."

"Federal Grid's decision to switch to BNY Mellon as depositary is testament to
our unmatched service and track record," said Christopher M. Kearns, CEO of
BNY Mellon's Depositary Receipts business. "We will work closely with the
company to broaden its outreach to the global investment community as it
strives to diversify its shareholder base and attract more global investors."

The Federal Grid Company GDRs have not been registered under the U.S.
Securities Act of 1933 and may not be offered or sold in the U.S., absent
registration or an applicable exemption from the registration requirements.

BNY Mellon acts as depositary for more than 2,700 American and global
depositary receipt programs, acting in partnership with leading companies from
68 countries. BNY Mellon is committed to helping securities issuers access the
world's rapidly evolving financial markets and delivers a comprehensive suite
of depositary receipt services. Learn more at

BNY Mellon is a global investments company dedicated to helping its clients
manage and service their financial assets throughout the investment lifecycle.
Whether providing financial services for institutions, corporations or
individual investors, BNY Mellon delivers informed investment management and
investment services in 35 countries and more than 100 markets. As of June 30,
2013, BNY Mellon had $26.2 trillion in assets under custody and/or
administration, and $1.4 trillion in assets under management. BNY Mellon can
act as a single point of contact for clients looking to create, trade, hold,
manage, service, distribute or restructure investments. BNY Mellon is the
corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Learn
more at, or follow us on Twitter @BNYMellon.

This release is for informational purposes only. BNY Mellon provides no advice
nor recommendation or endorsement with respect to any company or securities.
Nothing herein shall be deemed to constitute an offer to sell or a
solicitation of an offer to buy securities. Depositary Receipts: Not FDIC,
State or Federal Agency Insured; May Lose Value; No Bank, State or Federal
Agency Guarantee.


Contact: Joseph F. Ailinger Jr., +1 617-722-7571,,
Malcolm Borthwick, +44 (0)20 7163 4109,
Press spacebar to pause and continue. Press esc to stop.