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    JSC Inter RAO UES - Statement re shares of INTER RAO UES

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    INTER RAO Capital decreased its stake in INTER RAO UES (MCX: IUES.ME - news)

    Moscow, May 4, 2012 - Open Joint Stock Company "INTER RAO UES" ("INTER RAO UES", "Company", ticker on MICEX-RTS, LSE (Reg. S): IRAO; on LSE (Rule 144 A): IRAA), the largest diversified utilities holding in Russia, announces that on April 20, 2012 INTER RAO Capital, a closed joint-stock company organized under the laws of the Russian Federation and directly owned by INTER RAO UES, has decreased its stake in the charter capital of INTER RAO UES from 12,54455% to 10,39968% as a result of Share Purchase Agreement execution.

    INTER RAO UES has been informed by INTER RAO Capital on the foresaid transaction on May 3, 2012.

    The foregoing information is disclosed in compliance with the Securities Act of the Russian Federation.

    For further information, please contact INTER RAO UES:

    Irina Makarenko Head of Investor Relations +7 495 967-05-27 (ext. 2008)

    makarenko_ia@interrao.ru

    Anton Nazarov Head of Public Relations +7 495 967-05-27 (ext. 2208)

    nazarov_aa@interrao.ru

    Svetlana Chuchaeva Head of Corporate Relations +7 495 967-05-27 (ext.2081)

    chuchaeva_sy@interrao.ru

    INTER RAO UES is a diversified utilities holding headquartered in Moscow and managing assets in different countries. The company produces and sells electric energy and heat, trades energy on the international market, and engineers, designs and builds generating assets. INTER RAO UES Group owns and operates approximately 29,000 MW of installed power generating capacity. INTER RAO UES corporate strategy is focused on making the company a global energy enterprise and a key player in the international energy market.

    Further information can be found at www.interrao.ru

    This announcement is not intended to, and does not constitute, or form part of, an offer to sell or an invitation to purchase, exchange or subscribe for any securities in any jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document.

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