E.ON enters the Russian electricity market. Russia has one of the world's largest electricity markets. And with annual growth of 5 percent, it's also one of the fastest growing. The acquisition OGK-4 gives us a leading position in this important market. OGK-4 operates four gas-fired power stations and one coal-fired power station with an aggre- gate installed capacity of 8,600 megawatts. By investing 4.6 billion for 76.1 percent of OGK-4, we acquired an asset portfolio that's among the best and most efficient in Russia, consisting of relatively new and technologically advanced generating units with high load factors. Moreover, they're located in the fastest-growing regions of the country. That's what we call a value-enhanc- ing investment. More than 2,400 miles separate OGK-4's westernmost and easternmost power stations. That gives an indication of Russia's vast size. And its market potential. At 4,800 megawatts of capacity, Surgutskaya 2 in Siberia is already one of the world's biggest power stations. By 2010, it will be 800 megawatts bigger. Altogether, 2,400 megawatts of capacity will be added to OGK-4's existing facilities over the next few years. It's part of our plan to work with OGK-4 to actively seize oppor- tunities for organic growth in Russia's rapidly expanding--and highly promising--electricity market. Surgutskaya 2 has 4,800 megawatts of installed capacity, making it one of the largest power stations in the world. 25 «.»! From zero to 8,600