Bonds Issue

The information contained in this announcement is directed only at persons who are outside the United Kingdom.

THE BONDS OR OTHER SECURITIES OF THE COMPANY REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933 ("THE SECURITIES ACT"), AS AMENDED, AND MAY NOT BE OFFERED, SOLD, TAKEN UP, EXERCISED, RESOLD, RENOUNCED, TRANSFERRED OR DELIVERED, DIRECTLY OR INDIRECTLY, WITHIN THE UNITED STATES EXCEPT PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES.

THESE MATERIALS APPEAR AS A MATTER OF INFORMATION ONLY AND DO NOT CONTAIN OR CONSTITUTE, AND SHOULD NOT BE RELIED UPON AS, AN OFFER, OR AN INVITATION TO MAKE OFFERS, TO PURCHASE ANY BONDS OR OTHER SECURITIES OF THE COMPANY IN THE RUSSIAN FEDERATION OR ANY OTHER JURISDICTION. THESE MATERIALS ARE NOT AN ADVERTISEMENT OF SECURITIES IN THE RUSSIAN FEDERATION OR ANY OTHER JURISDICTION.

ANY OFFER OF SECURITIES TO THE PUBLIC THAT MAY BE DEEMED TO BE MADE PURSUANT TO THESE MATERIALS IN ANY EUROPEAN ECONOMIC AREA MEMBER STATE THAT HAS IMPLEMENTED DIRECTIVE 2003/71/EC (TOGETHER WITH ANY APPLICABLE IMPLEMENTING MEASURE IN ANY MEMBER STATE, THE "PROSPECTUS DIRECTIVE") IS ONLY ADDRESSED TO QUALIFIED INVESTORS IN THAT MEMBER STATE WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE.

THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR PUBLICATION OR DISTRIBUTION DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.

02 August 2010

JSC "RusHydro" Board of Directors approves up to 20 billion Russian Rouble bond issue

Following a resolution of the Board of Directors passed on 29 July 2010 (minutes No.104 of 02 August 2010), JSC "RusHydro" plans to issue up to 20 million series 01 and 02 bonds with a total nominal value of up to 20 billion Russian Roubles, to be placed through open subscription to investors in the Russian Federation. The bonds will have an interest period of half-year and must be redeemed on the date falling 3 640 days from the placement starting date. The bonds will not be secured. No pre-emptive rights will be applicable to this issue.

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

(pursuant to the power of attorney No.2576 of 24.11.2009)