Agenda of BoD On July 22, 2011

Agenda of the Board of Directors Meeting On July 22, 2011

JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces the agenda of the meeting of the Board of Directors to be held on July 22, 2011 in absentia.

Agenda of the Board of Directors meeting includes the following issues:

1. On election of the Chairman of the Board of Directors

2. On election of the Deputy Chairman of the Board of Directors.

3. On approval of Work Plan of the Board of Directors for the 2H 2011.

4. On formation of Committees of the Board of Directors.

5. On combining positions in management bodies of other organizations by the Chairman of the Board of Directors.

6. On approval of transactions:

- 6.1 On approval of transactions concerning property transfer without compensation

- 6.2. On approval of Contract with Iberdrola Ingeniería y Construcción, S.A.U. as a transaction incurring liabilities in foreign currency.

- 6.3. On approval of concluding agreement between JSC RusHydro, JSC Boguchanskaya HPP, RUSAL Limited on liabilities of guarantor.

- 6.4. On approval of concluding contract of pledge between JSC RusHydro and VneshEconomBank.

7. On priority lines of activities of the Company: on co-operation with Voith Hydro GmbH&Co.KG.

The above information is disclosed in compliance with the Securities Act of the Russian Federation.

For more information:

JSC RusHydro, Investor Relations Department

Tel. +7(495) 225-3232 ext.1319, 1394, 1607

[email protected]

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.