May 29, 2019. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on May 24, 2019 to address dividend distribution for 2018 as well as issues related to the Annual General Meeting of Shareholders (AGM).

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Key highlights:

• AGM to be held on June 28, 2019 in Moscow:

• Record date for AGM participation – June 3, 2019: 

• Board of Directors recommends dividend of RUB 0.0367388 per share or 50% of IFRS net profit;

• Dividend record date – July 9, 2019. 

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The Board of Directors approved the agenda for the 2018 Annual General Meeting of Shareholders and the report on Company’s interested-party transactions concluded in 2018. The Board preliminary approved Company’s 2018 Annual Report and 2017 financial accounting statements and recommended them for the AGM for approval.

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The Board of Directors has recommended to the AGM to approve the following distribution of profit for 2018 (in RUB mn):

The Board of Directors recommended the AGM to approve dividend in the amount of RUB 0.0367388 per share (50% of the Group’s net profit for 2018 under IFRS, and an increase of 42% over 2017) and recommended dividend record day – July 9, 2019.

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The Board of Directors recommended to the AGM JSC PriceWaterhouse Coopers Audit as the auditor of RusHydro’s financial accounting statements.

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The Board of Directors recommended the AGM to approve remuneration of the members of the Board of Directors based on their performance from June 27, 2018 to June 28, 2019 in the amount and under the procedure set in the Regulations on remuneration to members of the Board of Directors of RusHydro.

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The Board of Directors recommended to the AGM JSC PriceWaterhouse Coopers Audit as the auditor of RusHydro’s financial accounting statements.

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The Board of Directors recommended the AGM to approve new edition of the following internal documents of PJSC RusHydro:

• Articles of Association;

• Provision on the Audit Committee;

• Regulations on convening and holding general meetings of shareholders;

• Regulations on convening and holding meetings of the Board of Directors;

• Regulations of the Company’s Management Board;

• Remuneration of the members of the Board of Directors.

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The Board of Directors approved essential terms of the contract on the management of the shareholder register with JSC VTB Registrar, the Company’s registrar.

In accordance with the Corporate Governance Code of the Bank of Russia the registrar within the framework of the additional agreement will offer shareholders an option to review the AGM documents electronically and vote by filling out an e-bulletin via the registrar’s website, mobile phone application or terminal during the AGM.