JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on September 17, 2013.

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The Board of Directors approved resignation of Alexey Maslov as the member of the Management Board of RusHydro, taking effect from September 17, 2013, and elected Sergey Tolstoguzov to the Management Board, effective September 18, 2013. The Board of Directors also approved combining positions of Chief Executive Officer, Chairman of the Management Board and member of the Board of Directors of RAO ES of East with the position of the Supervisory Board member of non-commercial partnership NTS UES by Sergey Tolstoguzov.

Currently, RusHydro implements its major investment project, construction of four power projects in the Far East of Russia: heat and power plant in Sovetskaya Gavan’, the Sakhalinskaya power plant No.2 (the 1st stage), the Yakutskaya power plant No.2 (the 1st stage) and the Blagoveschenskaya power plant No.2 (the 2nd stage). RAO ES of East (a subsidiary of RusHydro) is coordinating this project. The election of Sergey Tolstoguzov to the Management Board of RusHydro is related to the importance of the investment projects in the Far East.

Sergey Tolstoguzov was born in 1964. He is a qualified power engineer. He graduated from the Magnitogorsk State Technical University named after G.I. Nosov majoring in "Power supply to industrial facilities, cities and agricultural sector". In February 2011, he was appointed the First Deputy CEO of Tehnopromexport. From 2007 to 2011, Sergey Tolstoguzov was a member of the Management Board of INTER RAO UES, responsible for asset management and integration. He also held executive positions in RAO UES of Russia, Rosenergoatom and Bashkirenergo. On November 30, 2011, Sergey Tolstoguzov was appointed Chief Executive Officer of RAO ES of East by the Board of Directors of the company.

Alexey Maslov had been the member of the Management Board of RusHydro since 2010, he will hold another position at the Company.