Notice of Cancellation of the BoD Meeting on 27.03

March 26th, 2012

Notice of Cancellation of the Board of Directors Meeting on March 27, 2012

JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Board of Directors meeting scheduled for March 27, 2012 is cancelled.

As a result, items 5 and 6 are included in the agenda of the meeting of the Board of Directors on March 30, 2012 which will be held in absentia:

1. On approving the report on insurance policy implementation in 2011.

2. On approving the report on sponsorship and charity activities in 2011.

3. On approving the composition of the Management Board.

4. On electing a member of the Management Board.

5. On amending the KPI methodology.

6. On amending the list of KPIs for 2012.

The meeting of the Board of Directors to approve the 2012-2016 business plan will be set later after additional materials have been made available.

The information on decisions of the Board will be made available in compliance with regulatory requirements.

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.