Securities market

History

Shares on the stock market

* On December 19, 2011, a merger occurred between the two stock exchanges MICEX and RTS. At this stage, the merger has only taken place from a legal standpoint. Trading continued as usual on the MICEX and RTS.
Stock market MICEX RTS*
Start of trading date Feb 9, 2006 Feb 9, 2006
Quotation list “А” first-tier “А” second-tier
ISIN   RU000A0ET7Y7
Ticker MSRS MSRS – Classical Market
MSRSG – Exchange Market
Bloomberg MSRS RM MSRS RU - Classical Market
MSRSG RU - Exchange Market

In 2011, 84% of the trading with JSC “MOESK” shares took place on the MICEX and 16% on the RTS.

« IN 2011, 84% Of  The TRADING WITH JSC “MOESK” SHARES TOOK PLACE ON the MICEX AND 16% ON The RTS »

The Company share trading results in 2011
  1. The Russian government calls for the hike in electricity tariffs in 2011 to be capped at 15%.
  2. JSC “MOESK” announces dividend payments.
  3. The signing of an agreement between JSC “IDGC Holding” and GPB (JSC) on the trust management of JSC “MOESK” shares.
  4. The publication of the IFRS financial statement for 2010.
  5. A decline on global capital markets: worsening of the sovereign debt crisis in Europe, the U.S. credit rating is lowered from ААА to АА+ for the first time, and the risk increases of a recession in the global economy.
  6. The publication of the IFRS financial statement for the first six months of 2011.

Change in the Company’s share price compared with the MICEX and MICEX PWR indices

Indicator Change in price by year
  2009 2010 2011
Company’s share price -8 % 34 % 4 %
MICEX Index 116 % 17 % -18 %
MICEX PWR Index 165 % 39 % -40 %

In January 2011, two key factors were identified that affect the share quotations of JSC “MOESK” and other issuers in the energy sector: the expectation that the transition to RAB regulating will improve financial performance and increased government control over electricity prices.

Taking into consideration the Russian government’s statement (in February 2011) about restricting electricity tariff hikes to 15%, the market responded with a decline. For almost all of 2011, the shares of energy sector companies were under pressure from the growing risks of investment in the Russian power industry. The biggest disappointment for investors was the postponement in the transition to RAB regulation of energy tariffs.

At the same time, following a correction JSC “MOESK” shares have shown growth since mid-June due to several media reports about GPB (JSC) taking over operational control of the company from JSC “IDGC Holding.” Most of the analysts who cover the Company’s activities viewed this news as positive.

« JSC “MOESK” IS ONE Of ONLY A FEW COMPANIES IN the POWER GRID SECTOR THAT DEMONSTRATED GROWTH IN MARKET CAPITALIZATION IN 2011 »

Stock exchange shares

    2009 2010 2011
Min price, rubles   0.69 1.21 1.28
Max price, rubles   1.48 1.80 1.75
Closing price at end of year, rubles   1.07 1.67 1.60
Number of transactions, pcs   41,599 64,840 59,919
Turnover mln rubles
mln pcs
1,922
1,675
4,798
3,080
4,342
2,803

JSC “MOESK” is one of only a few companies in the electricity sector that demonstrated growth in market capitalization in 2011.

Presence in indices

Index Index code Inclusion date Weight of shares in index
      Dec 31,
2009
Dec 31,
2010
Dec 31,
2011
RTS Index RTSI March 16, 2011 - - 0.25 %
RTS Index-2 RTS2 June 15, 2007 1.13 % 1.42 % 2.72 %
RTS Power Index (dollar) RTSeu Sept 15, 2006 1.85 % 2.72 % 5.10 %
MICEX Power Index (ruble) MICEX
PWR
July 3, 2006 1.96 % 2.36 % 5.08 %
MICEX Standard Capitalization Index MICEX
MC
Oct 15, 2008 0.76 % 0.81 % 2.42 %
Change in market capitalization for companies working in the power grid sector
over the period from Jan 11, 2011 to Dec 30, 2011, <span>bln. rub</span