JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces the results of the Board of Directors meeting that was held August 26, 2011.

The Board of Directors approved the valuation of the following assets that can be used as payment for shares of RusHydro of the new issue:

The valuation of shares was done by an independent appraiser - LLC Institute for Enterprise Issues (St. Petersburg). JPMorgan and Morgan Stanley provided opinions to the Board of Directors of RusHydro regarding the valuations of the assets.

The Annual General Meeting of shareholders of RusHydro approved an increase of the Company's authorized share capital by issuing 89,000,000,000 additional ordinary shares with a par value of RUR 1 per share on June 30th, 2011. Later, the Board of Directors approved the price of additional ordinary shares of RusHydro (including for pre-emptive buyout) at RUR 1.65 per share and also approved valuations of shares of the following joint stock companies and non-cash assets that will be accepted as payment for shares of the new issue:

-  JSC Boguchanskaya HPP (ordinary and preferred shares);

-  JSC Geoterm (ordinary shares);

-  JSC Zaramagskiye HPPs (ordinary shares);

-  JSC KamGEC (ordinary shares);

-  JSC Pavlodolskaya HPP (ordinary shares);

-  JSC Ust'-Srendekanskaya HPP (ordinary shares);

-  JSC Kolymaenergo (ordinary shares);

-  JSC Trest Hydromontazh (ordinary and preferred shares);

-  JSC Irkutskenergo (ordinary shares)

-  right-bank dam of Bratskaya HPP

-  left-bank dam of Bratskaya HPP

-  am of Ust'-Ilimskaya HPP

-  right-bank dam of Irkutskaya HPP

-  left-bank dam of Irkutskaya HPP