Volga TGC hereby informs you on convocation of extraordinary General Shareholders’ Meeting of Volga TGC in the form of absentee ballot with the following agenda:

?	Agenda
1.	Amendments to the Company’s By-Laws.
2.	Increase of the Volga TGC authorized capital in term of additional shares distribution by means of public offering.
3.	Determination of quantity, nominal value, categories (types) of Volga TGC authorized shares, and rights conferred by these shares.
4.	Approval of Agreement on power provision to electric power wholesale market that has been the transaction of interest.

The completed ballots should be sent to one of the following addresses:

The ballots must be submitted to one of the above addresses not later than on December 14, 2007.

The persons, entitled to participate in the extraordinary general shareholders’ meeting of the Company may familiarize with the information (materials) provided to the shareholders in the course of preparation to the extraordinary general shareholders’ meeting within the period from November 23, 2007 to December 14, 2007 (except for weekends and public holidays) from 10: 00 till 17:00 at the following addresses:

As well as at the Company’s internet site at the address: https://www.votgk.ru/aktioner/inf_osa/.

List of persons entitled to participate in the extraordinary general shareholders’ meeting is compiled as on November 9, 2007.