JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on November 28, 2014. *** The Board of Directors commissioned RusHydro’s representatives in the Boards of Directors of JSC Zaramagskye HPPs and JSC ChirkeyGESstroy to approve a disposal of treasury shares of JSC RusHydro comprising 0.0778% of outstanding share capital (300,507,407 ordinary shares) of RusHydro in favor of EZOP LLC (wholly-owned by RusHydro Group). The transaction provides for intragroup transfer of treasury shares on the balance sheet of EZOP LLC, current owner of RusHydro’s treasury shares. The Board of Directors commissioned RusHydro’s representatives in the governing bodies of SC Leningradskaya PSPP to approve a sale and purchase agreement of immovable and movable property between JSC RusHydro and SC Leningradskaya PSPP. According to the agreement SC Leningradskaya PSPP (100% subsidiary of RusHydro) transfers to RusHydro immovable and movable facilities of the Kislogubskaya tidal power plant located in Murmansk region. *** The Board of Directors approved a report on execution of the Company’s KPIs in the 3rd quarter of 2014. *** The Board of Directors took a note on the report on development and approval of a framework for intellectual property control system and commissioned the Company’s Management Board to submit for the reliability, energy efficiency and innovations Committee’s review the results of audit of the innovative development program for 2011-2014 till December 31, 2014. The Board of Directors moved the deadline for execution of the Board’s commission to update the innovative development program of RusHydro and its subsidiaries. The updated innovative development program of RusHydro should be submitted for the Board of Directors’ review by July 1, 2015. *** The Board of Directors approved the amendments and additions to the list of non-core assets of RusHydro, approved by the Board on February 17, 2014. The amendments provide for data update in the list of non-core assets.
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