PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on December 24, 2015.

***

The Board of Directors approved timeline for formation of RusHydro Group development strategy to 2020 with outlook to 2025 and took into consideration report on progress implementation of the Long term development program of RusHydro.

RusHydro Group development strategy to 2020 with outlook to 2025 is being formed in accordance with decision of RusHydro’s Board of Directors on updating Strategic plan of the Company and in conjunction with Regulation on strategic management of the Company reflecting requirements to transparency of public companies, with controlling stake belonging to the Russian Federation.

The timeline contains main lines of Strategy development, including priorities and key measures, aimed at increase of fundamental value of RusHydro.

***

The Board of Directors approved changes in scheme of BEMO financing, approved earlier by signing an Addendum No.7 to loan Agreement between Vnesheconombank and Boguchansky Aluminium Smelter of December 3, 2010. The amendments primarily reflect changed date of the smelter commissioning.

***

The Board of Directors commissioned representatives of RusHydro at the General meeting of shareholders of JSC Blagoveschenskaya TPP to approve an addendum to the general contractor agreement between JSC Blagoveschenskaya TPP and OJSC Power Machines for construction of the second stage of the Blagoveschenskaya TPP, qualified as a major transaction.

During the first stage of construction the main and auxiliary equipment of the plant has been put into operation, which will provide for commissioning 120 MW of electric and 188 GCal of thermal capacity in accordance with schedule (till the end of 2015).

During the second stage of construction (the first half of 2016) the auxiliary works that does not affect the plant’s working efficiency will be done.

The price of the agreement remains unchanged.

***

The Board of Directors approved the amendments to the Company’s business-plan for 2015 in terms of investment program, as well as the amended quarterly funding and investments plans for 2015.

Due to the bankruptcy of the general design engineer of the TPP in Sovetskaya Gavan’ – CJSC Siberian ENTC – Institute TomskTEP, the construction schedule of the plant has been amended. Terms of construction completion have been moved from 2016 to 2017, annual project’s funding plans have been adjusted.

Also, as a result of adjustment of the Zelenchugskaya HPP-PSPP project, the construction schedules were amended. The construction should be completed in 2016.

The amount of RusHydro’s investment program in 2015 totals RUB 60.7 bn (including VAT). The amount of capacity to be commissioned is 175.5 MW and 188.0 GCal.