JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on August 8, 2014.

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The Board of Directors has elected Mikhail Poluboyarinov, First Deputy CEO of Vnesheconombank, as Chairman of the Board.

Mikhail Poluboyarinov was born in 1966. He graduated from Credit and Economic Faculty of Moscow Finance Institute in 1988 and did his post-graduate studies at the Plekhanov Russian Academy of Economics in 1998.

Mr. Poluboyarinov has been working at the State Corporation Vnesheconombank since 2009, from October 2012 as a Member of the Management Board, First Deputy Chairman. Prior to joining Vnesheconombank he had been working in Aeroflot as Deputy CEO from 2003 to 2009.

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The Board of Directors has elected Victor Danilov-Danilyan, General Director of Institute of Water Issues of the Russian Academy of Science, as Deputy Chairman of the Board.

Mr. Danilov-Danilyan was born in 1938. He graduated from Moscow State University, school of mechanics & mathematic and holds a doctorate in economics, an acting member of the Russian Academy of Sciences.

Mr. Danilov-Danilyan currently holds the positions of Director in the Institute of Water Issues of the Russian Academy of Sciences, head of faculty of environment and water resources of the People's Friendship University of Russia, head of faculty of water resources management of the Moscow State University.

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The Board of Directors has formed new committees.

The Audit Committee, consisting of:

§  Eduard Volkov, member of RusHydro’s Board of Directors, independent director;

§  Victor Danilov-Danilyan, member of RusHydro’s Board of Directors, independent director;

§  Andrei Shishkin, member of RusHydro’s Board of Directors, independent director.

The Board re-elected Mr. Danilov-Danilyan as Chairman of the committee.

The Human resources and Reimbursement Committee consisting of:

§  Eduard Volkov, member of RusHydro’s Board of Directors, Power Engineering Institute (ENIN), independent director;

§  Victor Danilov-Danilyan, member of RusHydro’s Board of Directors, independent director;

§  Andrei Shishkin, member of RusHydro’s Board of Directors, independent director.

The Board re-elected Mr. Danilov-Danilyan as Chairman of the committee.

The reliability, energy efficiency and innovations Committee, consisting of:

§  Boris Bogush, Chief Engineer, JSC RusHydro;

§  Mikhail Bolgov, acting Deputy General Director, Institute of Water Issues of the Russian Academy of Science;

§  Maxim Bystrov, member of the Board of Directors of RusHydro, Chairman of Management Boards of JSC Administrator of Trading System and NP Market Council;

§  Eduard Volkov, General Director, JSC Power Engineering institute (ENIN);

§  Victor Kudryavy, Adviser to CEO, JSC EUROCEMENT Group;

§  Emerson J. Milenski, Adviser to the President on Technology, expert and analytical group, JSC Rosneft;

§  Sergei Pavlushko, member of the Management Board, Chief Dispatcher, JSC System Operator of United Energy System (SO UES);

§  Vladimir Pekhtin, Deputy Chairman of Management Board, JSC RusHydro;

§  George Rizhinashvili, Deputy Chairman of Management Board, JSC RusHydro;

§  Vladimir Tokarev, Deputy Chairman of Management Board, JSC RusHydro;

§  Rasim Khasiakhmetov, Director for Technical Policy and Development, JSC RusHydro;

§  Vladimir Shkatov, Deputy Chairman of Management Board, NP Market Council.

The Board re-elected Mr. Kudryavy as the Chairman of the committee.

The Strategy Committee, consisting of:

§  Alexander Ausan, acting Dean of Economics Faculty, Lomonosov Moscow State University;

§  Evgeny Gorev, member of the Management Board, JSC RusHydro;

§  Victor Danilov-Danilyan , member of the Board of Directors, JSC RusHydro;

§  Andrey Malyshev, President, JSC “E4 Group”;

§  Mikhail Mantrov, Deputy Chairman of Management Board, JSC RusHydro;

§  Valentin Mezhevich, Deputy CEO for Strategic Communications, JSC Russian Grids;

§  Eugeny Olkhovich, Deputy Head, Department of Tariff Regulation, Infrastructure Reforms and Energy Efficiency, Ministry of Economic Development of Russia;

§  Vyacheslav Pivovarov, member of the Board of Directors, JSC RusHydro;

§  George Rizhinashvili, Deputy Chairman of Management Board, JSC RusHydro;

§  Maxim Rusakov, member of Management Board, NP Market Council;

§  Alexey Texler, Deputy Minister of Energy of Russia;

§  Andrey Shishkin, member of the Board of Directors, JSC RusHydro;

§  Nikolay Shulginov, First Deputy Chairman of the Management Board, JSC SO UES.

The Board re-elected Mr. Malyshev as Chairman of the committee.

The Investments Committee, consisting of:

§  Boris Bogush, Chief Engineer, JSC RusHydro;

§  Andrei Bougrov, Vice-President, INTERROS Holding Company, Deputy CEO, member of the Management Board, JSC Norilsk Nickel, Vice-President, Russian Union of Industrialists and Entrepreneurs;

§  Maxim Bystrov, member of the Board of Directors, JSC RusHydro;

§  Victor Danilov-Danilyan, member of the Board of Directors, JSC RusHydro;

§  Victor Zimin, member of the Board of Directors, JSC RusHydro;

§  Sergey Ivanov, General Director, JSC Energy Russian Company (ERCO);

§  Alexander Ilyenko, Director for business development, JSC SO UES;

§  Larisa Kalanda, member of the Board of Directors, JSC RusHydro;

§  Sergey Kirov, Executive Director for Economics and Procurement, JSC RusHydro;

§  Mikhail Mantrov, Deputy Chairman of Management Board, JSC RusHydro;

§  George Rizhinashvili, Deputy Chairman of Management Board, JSC RusHydro;

§  Pavel Snikkars, Director for electric energy development at the Ministry of Energy of Russia.

The Board elected Mr. Bystrov as the Chairman of the committee.

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The Board of Directors has approved report on execution of the Annual procurement plan of RusHydro in the 1st quarter of 2014.

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The Board of Directors took a note of the progress of execution of the Board’s commission on improvement of the Company’s procurement policy and postponed deadlines for this task.

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The Board of Directors has approved its working plan for the second half of 2014.

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The Board of Directors has approved the amended charitable and sponsor activities plan of the Company for 2014.