JSC RusHydro announces that the Company's Board of Directors held a meeting in absentia on February 15, 2013.

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In order to implement the additional share issue the Company’s Board of Directors approved participation of RusHydro in five organizations.

To execute the president’s decree number 1564 of November 22, 2012 the Russian Federation represented by the Federal Agency for state property management (Rosimushchestvo) will transfer four stakes of the following companies as payment for RusHydro’s shares of additional issue:

The Board of Directors has also approved the potential participation of RusHydro in JSC Irkutskenergo in case of interest expressed by shareholders.

RusHydro’s share in the abovementioned companies after acquisition of stakes will be determined based on the results of the pre-emptive rights exercise in accordance with the Federal Law on joint stock companies and after completion of open subscription period.

The additional shares may be acquired through open subscription in terms of the pre-emptive right implementation. The price (monetary value) of property which may be used as payment for additional shares was determined by the Board of Directors based on the results of valuation done by the independent appraiser, The Institute for enterprise issues (St. Petersburg).

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. According to the EGM decision the non-cash assets of the following companies can be used as means of payment for RusHydro’s shares: JSC Ust’-Srednekanskaya HPP, JSC RAO Energy Systems of the East, JSC Sakhalin energy company, JSC Irkutsk electronetwork company, JSC Irkutskenergo.