September 28, 2011. Moscow, Russia JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY)  announces that as a result of execution of pre-emptive right by its shareholders during the ongoing share issue, the Company received 1,967,689,387 of ordinary shares of JSC Yakutskenergo, or 24.7086% of its share capital, as payment for its own shares.

The price of one share of Yakutskenergo was approved by the Board of Directors at RUR 0.6032273765104 on August 26, 2011.

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

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. The Board of Directors approved a decision on additional share issue and Prospectus of the issue on July 29, 2011.