Deutsche Bank announces its appointment as depositary bank for the Regulation S London Stock Exchange-listed and Rule 144A Global Depositary Receipt (GDR) programs of OGK-2.
The company is one of the six thermal OGKs established during the course of the restructuring of the Russian state-controlled electricity holding company, RAO UESR. The company’s core business comprises the generation of electricity and the sale of electricity and capacity on the Russian wholesale electricity market, as well as the generation and sale of heat power. According to information published by RAO UESR, the company was the second largest company in terms of electricity output in 2006 and the third largest in terms of installed capacity, among the six thermal OGKs.*
Akbar Poonawala, Head of Global Equity Services (GES) at Deutsche Bank said, “We are pleased to be appointed OGK-2’s depositary for their GDR program. We look forward to working with the company and reinforcing our commitment to the Russian market as a leading provider of depositary receipts services.”
For further information, please call:
Oonagh Baerveldt +44 20 7547 1605
John Gallagher +1 212 250 4516
About Deutsche Bank
Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 77,920 employees in 75 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank’s Trust & Securities Services business, part of Global Transaction Banking, is one of the leading providers of trustee, agent, depositary, registrar, SPV management and related services for a wide range of debt financings including bonds, medium term note and commercial paper programs, asset backed and mortgage backed securities, collateralized debt obligations, project financings, escrows and syndicated loans. It is also one of the leading depositaries for American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs), and, through a fully integrated network of specialist offices worldwide, provides domestic custody services in 28 securities markets.
This announcement appears as a matter of record only. This announcement has been approved and/or communicated by Deutsche Bank AG London.
*Source: JSC OGK-2 (October 2007)
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO CANADA, AUSTRALIA, JAPAN OR THE RUSSIAN FEDERATION.
The Depositary Receipts have not been and are not intended to be registered pursuant to the US Securities Act of 1933 (the "Act") and the securities laws of any states thereof and are being issued pursuant to an exemption from the registration requirements of the Act and such laws. Such Depositary Receipts or any interests or participations therein may not be offered, sold, transferred, pledged, encumbered or otherwise disposed of in the United States absent such registration or an available exemption therefrom. The investment or investment service which is the subject of this announcement is not available to private customers as defined by the UK Financial Services Authority. This announcement has been approved and/or communicated by Deutsche Bank AG London.The Depositary Receipts are treated as foreign securities under Russian law and their placement and circulation in the Russian Federation is not currently permitted. 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