Results of pre-emptive right

9 July 2010

On the results of exercise of a pre-emptive right

JSC RusHydro ("Company", "Issuer") announces the results of the implementation by shareholders of preemptive rights in regards to 19 billion shares additional issue (state registration number 1-01-55038-Е-038D of 19.11.2009).

1. Securities placement method: public offering.

2. Securities placement price or procedure for setting a price in the form of a formula with variables, values of which can not change at the discretion of the issuer: 1 (one) ruble 15 (fifteen) kopecks per 1 (one) additional ordinary registered share (including for the persons entered into the list of persons having a pre-emptive right to acquire the additional shares being placed). The price of additional shares placement is identified by Company Board of Directors (minutes No. 89 of November 30, 2009) in accordance with articles 36 and 77 of the Federal Law "On Joint Stock Companies".

3. Provision of the pre-emptive right to acquire the securities to the shareholders (participants) of the issuer and/or other persons: In compliance with articles 40 and 41 of the Federal Law "On Joint Stock Companies", the Issuer's shareholders, the holders of ordinary shares, who were entitled to participate in the annual General Meeting of the Company's shareholders on June 10, 2009, which passed a decision "On Enlarging the Company's Authorized Capital", enjoy a pre-emptive right to acquire the Issuer's additional shares in an amount proportionate to the number of the Issuer's ordinary shares held by them.

The date as of which the list of persons enjoying the pre-emptive right to acquire the shares being placed is drawn up: April 30, 2009.

4. Date of publishing a notice on the opportunity to exercise a pre-emptive right to acquire the shares: Notice on the opportunity to exercise a pre-emptive right to acquire the additional shares was published in the Vedomosti newspaper on December 3, 2009 (No. 229 (2499) and posted on the Issuer's Internet website at the address: http://www.rushydro.ru.

5. The term of validity of the pre-emptive right: The term of validity of the pre-emptive right is 210 (two hundred and ten) days from the date of publishing of the Notice of the pre-emptive right in the Vedomosti newspaper and on the Issuer's Internet website at the address: http://www.rushydro.ru (in accordance with clause 4 of this notice).

6. The number of applications for acquiring the additional shares received by the Company, complying with the requirements, established by the legislation of the Russian Federation and the Resolution on the additional issue of securities: 545 (five hundred and forty-five).

6. The number of additional shares of the Company subject to placement to persons, included in the list of persons, enjoying the pre-emptive to acquire additional shares of the Company in accordance with the applications of the specified persons: 7, 982,104,363 (seven billion nine hundred eighty two million one hundred and four thousand three hundred and sixty-three) shares.

7. The number of additional shares of the Company placed as a result of exercising the pre-emptive right to acquire them: 7, 982,104,363 (seven billion nine hundred eighty two million one hundred and four thousand three hundred and sixty-three) shares.

JSC RusHydro Management Board member Evgeny Gorev

(On the ground of Power of Attorney No.2576 of 24.11.2009)