BoD meeting: Registrar contract cancellation

17 September 2010

Resolutions of the Board of Directors

The Company's Board of Directors on its meeting which was held in absentia on September 15, 2010 (minutes No.108 of September 17th, 2010) has resolved to cancel the existing contract for maintaining and keeping the Company's Shareholder Register, which was signed with JSC MСD (the Moscow Central Depository). The Board of Directors has also charged the Chairman of RusHydro's Management Board with responsibility for arranging a competitive tender to select a new candidate for the Company's Registrar - to maintain and keep the Company's Shareholder Register.

Note: Since JSC RusHydro was founded in 2004, the Company's Shareholder Register has been maintained by JSC MСD. Due to JSC MСD's registrar license being revoked by the Russian Federal Service for Financial Markets (FSFM), there is a need for RusHydro to make arrangements to change registrar.

JSC RusHydro Member of the Management Board E.E. Gorev

(pursuant to the power of attorney No.3439 of 25.08.2010)