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RusHydro

October 31, 2012

Results of the Board of Directors on October 30, 2012

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on October 30, 2012.

***

The Board of Directors made a decision on the potential placement of four domestic bonds of series 07-10 in the total amount of RUR 40 bn via open subscription and approved bonds’ prospectus and related documentation.

The Company may place domestic bonds in the amount of 40 mn securities with par value of RUR 1,000 each.

The possibility of placing up to RUR 40 bn of domestic bonds, divided into four issues up to RUR 10 bn each, will provide the Company for additional flexibility in making decisions on timetable of placement and maturity of bonds that can be determined during placement depending on the number of the investors’ demand for securities with different duration. The start date of placement and other essential conditions will be determined before making decision on raising funds. The securities are planned to be traded on the MICEX Stock Exchange.

The Company will decide on the placement of bonds in case of favorable market conditions.

***

The Board of Directors approved the agreement between RusHydro (represented by GVC Energetiki) and Irkutskenergo as interested-party transaction with total value RUR 1,345,200. The subject of the agreement is organization of regional competition between the personnel of Irkutskenergo, Bratskaya, Irkutskaya and Ust’-Ilimskaya HPPs.

The competition is held to improve the qualification of personnel, share best practices in power equipment control and increase safety of operation services at HPPs.

 

***

The Board of Directors approved the report on execution of Board of Directors’ commissions.




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