JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the results of the Extraordinary General Meeting of shareholders (EGM) of RusHydro held on April 19, 2013.

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The EGM approved early termination of powers of the Board members elected by the Annual General Meeting of shareholders (AGM) on June 29, 2012, and elected 13 members to the new Board of Directors:

§  Boris Ayuev;

§  Eduard Volkov;

§  Ilya Gubin;

§  Viktor Danilov-Danilyan;

§  Evgeny Dod;

§  Viktor Zimin;

§  Viktor Kudryavy;

§  Denis Morozov;

§  Denis Nozdrachev;

§  Vyacheslav Pivovarov;

§  Mikhail Poluboyarinov;

§  Bernd Pfaffenbach;

§  Vladimir Stolyarenko. 

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The EGM approved the liability and financial risk insurance agreement for Directors, Officers and the Company between RusHydro and Ingosstrakh Insurance Company, qualified as an interested party transaction, and set the price (monetary value) of services under agreement at USD 78,000 at the exchange rate of the Central Bank of Russia as of the date of payment (VAT free).

The subject of the agreement is Directors and Officers liability (D&O) insurance that protects the company, its subsidiaries and managers from claims which may arise from the decisions and actions taken within the scope of their regular duties. The agreement is valid through December 31, 2013.

RusHydro is required to sign such agreement according to its Insurance Regulations approved by the Board of Directors on May 23, 2011; and First Deputy Prime Minister of Russia Igor Shuvalov’s commission of September 29, 2011, on gradual implementation of liability insurance for the Board members.