RAO UES To Hold Annual Meeting Of Shareholders Today

An annual meeting of shareholders of RAO UES (Unified Energy Systems) of Russia will be held in the town of Konakovo in the Tver region of Russia today. The agenda of the meeting includes the following issues: the approval of the make up of the audit commission, the approval of the annual report for 2000, the balance sheet, profits and losses, the distribution of profits and losses on the bases of conclusions of the revision commission and the independent auditor. RAO UES shareholders are also expected to approve dividends for 2000. Earlier, the RAO UES board of directors recommended the general meeting to pay dividends in the amount of 0.02 rubles per 1 ordinary share and 0.0738 rubles per 1 preferred share. In addition, the general meeting would approve an independent auditor of the company, elect a new board of directors and members of the revision commission.