Key 2012 Results

Key production indicators	2010	2011	2012
Number of substations*	805	854	891
Total transmission grid length, thousand km **	121,7	124,6	131,6
Electricity transmitted from the the UNEG to distribution grid companies, direct private consumers on the wholesale energy market, and independent power industry JSCs (million kWh)	470 648,072	484 663,552	498 287,684
Electricity transmitted from the the UNEG to neighboring countries (million kW)	15 716,33	19 284,808	15 768,826
Declared capacity (MW)	91 179	90 937	90 492
Total actual electricity losses (million kWh)	22 5265,621	22 553,172	21 9465,801

* Taking into account rented sites as well as switchgears and units at substations of other owners.
**Taking into account rented high voltage transmission lines.

Key financial indicators (RUR million)	2010*	2011	2012
Revenues	113 330	139 571	140 313
Adjusted EBITDA**	67 717	83 760	82 133
Adjusted operating profit **	29 941	46 614	33 520
Adjusted profit for the period **	27 910	38 241	29 956
Net debt **	(3 838)	85 232	168 002
Capitalisation	452 717	351 163	253 905

* Based on comparative information presented in the 2011 audited consolidated financial statements of the Company
** Calculations are presented in the «Financial results» section of this Report