Joint Stock Company Russian Grids (MICEX:MRKH) agreed to acquire additional 21.6% stake in Kuban Power and Electrification Open Joint Stock Company (MICEX:KUBE) from JSC Tyumenenergo for RUB 4.9 billion on May 27, 2013. Board of Directors of Joint Stock Company Russian Grids recommended the shareholders of Russian Grids to approve the transaction at their AGM. The transaction was approved by the shareholders of Russian Grids at their general meeting on June 28, 2013. The transaction is expected to be completed by October 5, 2013.

Joint Stock Company Russian Grids (MICEX:MRKH) completed the acquisition of an additional 21.6% stake in Kuban Power and Electrification Open Joint Stock Company (MICEX:KUBE) from JSC Tyumenenergo on October 4, 2013.