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RusHydro

February 28, 2013

RusHydro obtains stakes in four companies in ongoing share offering

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that during pre-emptive rights period, ended on February 26, 2013, RusHydro, together with the shares owned by the companies of the Group, obtained stakes of the following companies:

§  more than 25% of voting ordinary shares of Sakhalin energy company and Irkutsk electronetwork company;

§  more than 75% of voting ordinary shares of RAO Energy Systems of East;

§  more than 95% of voting ordinary shares of Ust’-Srednekanskaya HPP.

RusHydro increased its shareholding in the above-mentioned companies after the Russian Federation contributed the ordinary shares of these companies as payment for RusHydro’s shares of additional issue.

Company

Type of shares

Price per share (RUR)

Number of shares

RusHydro’s holding (incl. ownership of companies of the Group) before change

RusHydro’s holding (incl. ownership of companies of the Group) after change

JSC RAO Energy Systems of East

Ordinary

0.35

1 492 472 400

73.43%

76.72%

JSC Sakhalin energy company

Ordinary

736

2 478 568

20.09%

44.63%

JSC Ust’-Srednekanskaya HPP

Ordinary

1.96

2 649 171 000

85.17%

100%

JSC Irkutsk electronetwork company

Ordinary

4.29

1 973 711 982

0.16%

42.53%

The market price of property to be used as payment for additional shares was determined by the independent appraiser, the Institute for Enterprise Issues (St. Petersburg).

The information on the number of shares of additional issue placed during pre-emptive rights period and the results of the pre-emptive rights execution including cash payment for RusHydro’s shares of additional issue will be made available later, in compliance with regulatory requirements.

The increase of RusHydro’s share capital by issuance and placement through open subscription of 110 bn additional ordinary shares with a par value of RUR 1 was approved by the EGM on November 16, 2012. The shares can be paid by cash or non-cash assets.





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