AGM Statement

The regular Annual General Meeting of Shareholders of JSC RusHydro was held

On June 30, 2010 the regular Annual General Meeting of Shareholders of JSC RusHydro was held.

The Annual General Meeting of Shareholders of JSC RusHydro approved annual report, annual financial statements, including profit and loss statement and distribution of profit. General Meeting of Shareholders decided not to pay dividends on ordinary shares of the Company on the basis of the results of 2009.

Shareholders approved the new version of the Company Charter, the new version of the Regulation on Procedure for Convening and Holding of the General Meeting and Procedure for payment of compensation to Members of the Board of Directors.

General Meeting of Shareholders of JSC RusHydro approved the Closed Joint-Stock Company PricewaterhouseCoopers Audit as the Company's Auditor.

General Meeting of Shareholders of JSC RusHydro elected the Audit Commission of the Company consisting of the following 5 members:

• Kolyada Andrey Sergeevich - Chief expert, Federal Agency for State Property Management (Rosimushchestvo);

• Kyrianov Alexander Mikhailovich - Consultant, Federal Agency for State Property Management (Rosimushchestvo);

• Oreshkin Oleg Anatolyevich - Head of Department, Federal Agency for State Property Management (Rosimushchestvo);

• Tikhonova Maria Gennadyevna - Deputy Head of Department, Ministry of Energy (Minenergo) of Russia;

• Yugov Alexander Sergeevich - Head of Department, Federal Agency for State Property Management (Rosimushchestvo).

General Meeting of Shareholders of JSC RusHydro elected the following 13 members to the Company Board of Directors:

• Shmatko Sergey Ivanovich - Minister of Energy of the Russian Federation;

• Dod Evgeny Vyacheslavovich - Chairman of the Management Board of JSC RusHydro;

• Ballo Anatoly Borisovich - Deputy Chairman of the Management Board of Vnesheconombank;

• Beloborodov Sergey Sergeevich- General Director, LLC Gazenergoprom Corporation;

• Volkov Eduard Petrovich - General Director , JSC Krzhizhanovsky Power Engineering Institute;

• Zimin Victor Mikhailovich - Chairman of the Government of the Khakassia Republic;

• Kovalchuk Boris Yurievich - Acting Chairman of the Management Board, JSC INTER RAO UES;

• Kudriavy Victor Vasilyevich - Adviser to the President of CJSC Eurocement Group;

• Kurtser Grigory Markovich - President, JSC Russian Regional Development Bank;

• Kutyin Nikolay Georgievich - Head of the Russian Federal Service for Ecological, Technical and Atomic Supervision;

• Malyshev Andrey Borisovich - Deputy General Director, GK Rosnanotekh;

• Seliverstova Marina Valeryevna- Head of the Federal Agency of Water Resources;

• Sharipov Rashid Ravelevich - Deputy General Director, LLC KFK-Consult.

Five independent directors were elected to the Board: Kovalchuk B.Y., Kudriavy V.V., Kurtser G.M., Malyshev A.G., Sharipov R.R.