Rivneenergo To Issue Additional Shares.

At Rivnenerog’s (ROEN: HOLD) AGM on August 17, 2005, the shareholders plan to approve the issuance of additional shares for USD 0.1 mln, which will increase the company charter fund by 2.4%. Concorde Capital: Rivneenergo which is controlled by AES Corporation, is one of the most successful energy companies in Ukraine. The purpose for issuing additional shares has not been disclosed. It is unlikely that the issue is to raise funds for development: AES received a USD 45 mln loan from the International Financial Corporation, USD 15 mln of which are planned to be spent on investments in ROEN during 2005-2007.