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Two Least Efficient Oblenergos Report Preliminary 2007 Results

Two Least Efficient Oblenergos Report Preliminary 2007 Results

18 February 2008

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                                                Sales, USD mln    EBITDA, USD mln Net Income, USDmln
Company                                       2007  yoy  2007   yoy   margin  2007  yoy  margin
——————————————————————————-
Donetskoblenergo (DOON: BUY)   469.9  20% -45.1  68.0  -9.6% -58.6  63.9 -12.5%
Mykolaivoblenergo (MYON: N/R)   109.1  32%   2.8   5.8     2.5%   0.0   4.4   0.0%
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