Agenda of the BoD Meeting on 31 May, 2012

May 29th, 2012

Agenda of the Board of Directors on May 31, 2012

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the agenda of the Board of Directors to be held in absentia on May 31, 2012.

The agenda includes the following items:

1. Resolution on the report on execution of the projects included in the innovations development program of RusHydro in 2011, including the tidal power project.

2. Resolution on the report on execution of the innovations development program of RusHydro for 2011-2015 in 2011.

3. Report on the activities of the Management Board of RusHydro in 2011.

4. Resolution on transactions by RusHydro.

5. Resolution on the charity and sponsorship activities program for 2012.

For more information:

JSC RusHydro, Investor Relations Department

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

[email protected]

DISCLAIMER

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. One 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 and rapid technological and market changes in our industries, as well as many other risks specifically related to RusHydro and its operations.