FBK won competitive negotiations for preparing IFRS financial statements for IDGC Holding

On July 25, 2011 FBK was announced the winner of competitive negotiations with IDGC Holding for drawing up IFRS consolidated financial statements of the company for 2011. Experts of FBK International Reporting Department will render consulting services in drawing up interim brief IFRS consolidated financial statements of nine subsidiaries of the holding for the first six months of 2011, as well as in drawing up IFRS consolidated financial statements of these entities for 2011. At different stages of work FBK consultants will update pension and social liabilities of subsidiaries of MRSK Holding as of June 30, 2011, will provide actuarial valuation of pension and social liabilities as of December 31, 2011, will render support during audit of consolidated financial statements of subsidiaries.

IDGC Holding was established in 2007 as a result of reorganization of RAO UES of Russia.

IDGC Holding comprises interregional and regional distribution grid companies (IDGCs/RDGCs), research and development institutes, design and construction institutes, and construction and sales entities. Ninety-seven subsidiaries of IDGCs/RDGCs are based in 69 constituent entities of the Russian Federation.