JSC RusHydro summed up the results of an open tender to select a depositary bank to organise trading of JSC RusHydro securities outside the Russian Federation (by issuing Global Depositary Receipts (GDR) for JSC RusHydro shares). The depositary bank The Bank of New York was recognised as the winner of the open tender.

On 14 April, 2008, a depositary agreement was signed between JSC RusHydro and The Bank of New York.

It is planned to launch the GDR programme for JSC RusHydro shares in June-July 2008 on receipt of a permit from the Federal Financial Markets Service of Russia.