Gross electricity output by power plants of JSC TGC-1 in Saint Petersburg, Republic of Karelia, Leningrad Oblast and Murmansk Oblast (including Murmanskaya CHPP) for 9 months of the year 2011 equaled 20,718.5 million kW/h.

The Board of Directors has approved the General Director’s report on the results of implementing the business plan of the Company and the progress of investment projects in the 1st half of 2011 during its ordinary meeting.

JSC TGC-1 releases its summary interim consolidated Financial Statements for the six months ended June 30, 2011 prepared in accordance with International Financial Reporting Standards (IFRS).

JSC TGC-1 publishes its Accounting Statements for the first half of 2011 prepared under Russian Accounting Standards.

The volume of electric energy output produced by the generating enterprises of the Company, including Murmanskaya CHPP, for 6 months of the current year has increased on 4.8 % and has made 15,132 million kW/h.

On July, 11th, 2011 JSC TGC-1 Board of Directors discussed financial questions of CCGT-450 construction of Pravoberezhnaya CHPP project implementation and made the decision to change SPV scheme to issue of bonded loan.

On July, 11th, 2011 the first session of the Board of Directors of JSC TGC-1 was held the new membership which was elected by General Shareholders Meeting of the Company on June, 27th, 2011.

The holders of bonds of JSC TGC-1 of 02 series presented for redemption 2 105 813 securities for an overall amount of 2 105,813 mln RUB that makes 42,1 % of loan total amount.

JSC TGC-1 has fixed 5th -8th annual coupon rate of 02 series bonds as 6,7 per cent par value per annum.

JSC “TGC-1” releases its consolidated unaudited 1Q2011 IFRS results.