1. 7gld0786_template3 0 0 OGK-2: Company Information Moscow, November 2009

2. 7gld0786_template3 1 1 Second Generation Company of the wholesale electricity market  Fuel: gas Pskovskaya GRES 430 MW/121 Gcal/h  Fuel: coal, gas Serovskaya GRES 526 MW/220 Gcal/h  Fuel: gas Surgutskaya GRES-1 3,280 MW/958 Gcal/h  Fuel: gas, black oil Stavropolskaya GRES 2,400 MW/220 Gcal/h  Fuel: coal Troitskaya GRES 2,059 MW/315 Gcal/h North-Western GRID Central GRID Southern GRID Middle Volga GRID Urals GRID Siberian GRID Far Eastern GRID Russian company OGK-2 was founded on March, 2005. OGK-2 generates and trades energy on the wholesale electricity market. Overall capacity is 8,695 MW. OGK-2 is one of the largest sellers on the free market The shares of OGK-2 are traded on RTS, MICEX, LSE and are included in the main Russian stock exchange indexes. Since July, 2008 the controlling shareholder is “Gazprom”. In December 2008 OGK-2 was included to the list of the main Russian strategic enterprises

3. 7gld0786_template3 2 2 OGK-2 in russian energy sector Installed capacity The country’s second most modern OGK High capacity load factor Electricity output Source: OGK-2 evaluation

4. 7gld0786_template3 3 3 Shareholder Structure Listing Stock Exchange List MICEXА2 RTSА2 LSEMain market free-float: 30-35% GDR: ~5% Ordinary shares: 32,734,568,382 Charter capital: 11,872.8 mln. rub. Indices RTSMICEX RTSMICEX PWR RTS-2MICEX SC RTSeu

5. 7gld0786_template3 4 4 Operating results 9m 200820089m 2009 Electricity output, mln. KWh36,773.4749,826.6034,955.36 Electricity useful output, mln. KWh34,876.247,327.2033,179.02 Heat output, mln. GCal.1.11.12.3361.559 Fuel efficiency (electricity), gce/kWh348.3347.5347.7 Fuel efficiency (heat), kgce/GCal153.8152.7152.8 Capacity load factor64.31%65%61.36% Operating results

6. 7gld0786_template3 5 5 Fuel The average price for consumed fuel Fuel * Based on volume of standard fuel equivalent Coal 23% Gas 77% Black oil 0% Coal OGK-2 uses coal, extracted on a deposit “Bogatyr" (Ekibastuz, Kazakhstan). GRESFuelUnit of meas.3Q 200820083Q 2009 Stavropolskayagasrub/thous.cub.m2,379.272,254.72,583.99 Surgutskayagasrub/thous.cub.m1,353.81,374.11,524.78 Serovskayacoalrub/ton834.70812.7916.01 Serovskayacoal without trans. rub/ton303.17301.9330.96 Serovskayablack oilrub/ton5,237.45,200.24,891.8 Serovskayagasrub/thous.cub.m.1,887.22,014.32,092.5 Troitskayablack oilrub/ton8,149.617,190.658,425.42 Troitskayacoalrub/ton667.15651.9742.79 Troitskayacoal without trans. rub/ton277.98276.2320.39 Pskovskayagasrub/thous.cub.m.2,253.502,116.12,344.76 Gas Suppliers: “Surgutneftegaz” (40%), “Gazprom” (60%)

7. 7gld0786_template3 6 6 Electricity Market In addition to producing its own electricty, the Company actively trades in electric power bought in the market OGK-2 electricity sales in 3Q 2009

8. 7gld0786_template3 7 7 Financial Results 9m 200820089m 2009 Revenue from sales of electricity23,81531,79621,790 Revenue from sales of capacity5,8328,0146,814 Revenue from sales of heat435656490 Others486751 Total revenue30,13040,53329,145 Income from sales9897943,095 Net income-(1,364)1,360 Financial results, mln rub (RAS)

9. 7gld0786_template3 8 8 Financial Results 9M 2009 (e)9М 2009 ROE0.13 %4 % EBITDA, bln. rubles 1.31.33.0 EBITDA margin 0.050.10.1 Revenue structure Cost of sales and Revenue Financial indicators

10. 7gld0786_template3 9 9 Financial Results Financial debt profile (thous. rubles) CurrencyInterest rateSeptember 30, 2009Interest rateDecember 31, 2008 OJSC “Sberbank"Rubles13.3 %3,006,11014.8 %1,503,553 CJSC “International Industrial Bank” Rubles--17.0 %1,000,000 JSCB “Evrofinance Mosnarbank"Rubles15.0%500,000-- Bond loanRubles7.7%7.7%5,095,9757.7 %5,191,950 Total 8,602,085 7,695,503 Financial debt

11. 7gld0786_template3 10 Investment Program GRESProjectCommis- sioning date* Commissioning date (corrected)** New capacity Fuel Type Cost (with VAT) Serovskaya2x CCGT-400 4 Q 2011 4 Q 2012 November 2012 November 2013 800 MWgas36.2 bln. Rub. 140.8 bln. Rub. Troitskaya2x PSU-660 4 Q 2011 4 Q 2012 November 2013 November 2014 1 320 MWcoal68.4 bln. Rub. Stavropolskaya2x CCGT-400 4 Q 2010 4 Q 2011 after 2015800 MWgas36.2 bln. Rub. * RAO UES Dec.12.2007 (№1794pr/2) ** The Decision of Board of Directors’ Nov.28.2008 (№7) GRESProjectCommissioning dateNew capacity Fuel Type Cost (with VAT) Serovskaya1x CCGT-400 4 Q 2013400 MWgas 76.8 bln. Rub. Troitskaya1x PSU-660 4 Q 2013660 MWcoal Stavropolskaya1x CCGT-400 4 Q 2015400 MWgas Our new plan (on agreement with the Government)

12. 7gld0786_template3 11 Summarizing the Strategy Maximization of profitability on existing capacities Building of new generating capacities in power-scarce regions Increase of operational stability Growth of operations on the free market as a result of market liberalization Gaining a position in the market as the wholesale supplier and trader Optimization of volumes output based on free-market prices Optimization of costs and increase of operational efficiency of existing capacities Use of modern technology Achievement of high level of fuel efficiency Increase in reliability and flexibility of operations Focus on opportunities on the markets of capacity and system services The conclusion of long-term agreements with consumers and suppliers Diversification of fuel balance and gas deliveries Capacity sale at free market prices Taking a leading position in the planned market of system services

13. 7gld0786_template3 12 OGK-2 Stations Stavropolskaya GRES (2400 MW) Kirishskaya GRES ( 2,100 MW) Pskov (9,5 MW) Novgorod (190 MW) Saint-Petersburg (2,084 MW) Pskovskaya GRES ( 430 MW) Severo-Zapadnaya TETs ( 450 MW) Sredneuralskaya GRES (1,182 MW) Troitsk Magnitogorsk Chelyabinsk (731 MW) Ekaterinburg (626 MW) Perm (862 MW) Ufa Orenburg (450 MW) Verkhnetagilskaya GRES (1,497 MW) Permskaya GRES (2,400 MW) Serovskaya GRES ( 526 MW) Bogoslovskaya CHPP (141 MW) Nevinnomyskaya GRES (1290 MW) Novocherkasskaya GRES (2112 MW) Stavropol (471 MW) Nevinnomysk Novocherkassk Rostov (620 MW) Makhachkala (44MW) Krasnodar (648 MW) Astrakhan (380 MW) Volgograd (1429 MW) Nizhnevartovskaya GRES (1600 MW) Surgutskaya GRES-1 (3280 MW) Surgutskaya GRES-2 (4800 MW) Urengoiskaya GRES (24 MW) Tyumen (1227 MW) Tobolsk (452 MW) Surgut Iriklinskaya GRES ( 2,430 MW) Troitsk Chelyabinsk (731 MW) Ufa Yuzhnouralskaya GRES (882 MW) Magnitogorsk Orenburg (450 MW) Ekaterinburg (626 MW) Troitskaya GRES (2,059 MW) Reftinskaya GRES (3,800 MW)

14. 7gld0786_template3 13 Contacts: Investor relations department Alina Rassmagina RassmaginaAZ@ogk2.rRassmaginaAZ@ogk2.ru