JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on November 20, 2014.

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In order to execute the government's decisions No. 4955p-P13 of 17.07.2014, No. 7389p-P13 of 31.10.2014 and No. 7439p-P13 of 05.11.2014 the Board of Directors of RusHydro approved a long-term development program of RusHydro Group and a standard for review of implementation of the long-term development program of RusHydro Group.

The Board of Directors approved the amendments to the Regulation on remuneration of members of the Management Board of RusHydro approved by the Board of Directors on November 19, 2010 with the amendments dated May 23, 2014.

The Board of Directors commissioned Mikhail Poluboyarinov, Chairman of the Board, to define terms of the addendum to labor agreement and sign this addendum with Evgeny Dod, Chairman of the Management Board – Director General of RusHydro. The Addendum provides for changes to labor agreement in accordance with the amended Regulation on remuneration of the Management Board members of RusHydro as well as personal responsibility for the long-term development program performance.

The Board of Directors commissioned Evgeny Dod, Chairman of the Management Board – Director General of RusHydro, to:

§  make the amendments to labor agreements with the Company’s Management Board members in accordance with the amended Regulation on remuneration of the Management Board members of RusHydro;

§  report on an annual basis labor productivity data using the Company’s account on the state property management web page in accordance with the labor productivity calculation procedure approved in the long-term development program of RusHydro Group.