Results of the Board of Directors on March 31 2015

April 3, 2015

Results of the Board of Directors on March 31, 2015

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on March 31, 2015.

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The Board of Directors took a note of the information on the status of implementation of four priority projects in the Far East of Russia: Blagoveschenskaya TPP (2nd stage), Yakutskaya TPP No.2 (1st stage), TPP in Sovetskaya Gavan', and Sakhalinskaya TPP No. 2 (1st stage), as of December 31, 2014.

The Board of Directors resolved to stop controlling execution of the Board's commission of February 25, 2014, given to Evgeny Dod, Chairman of the Management Board - General Director of RusHydro, on the status of implementation of four priority projects in the Far East of Russia.

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The Board of Directors approved the report on technological assessment and price audit in 2014 in accordance with the approved list of projects implemented or scheduled for implementation within the investment program of RusHydro.

The Board of Directors noticed a delay in carrying out technological assessment and price audit of the following investment projects: Ust'-Srednekanskaya HPP, Gotsatlinskaya HPP, Zaragizhskaya Small HPP.

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The Board of Directors approved the report on implementation of comprehensive development program of Cheremushki settlement infrastructure for 2010-2014 in 2014.

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The Board of Directors approved the list of measures aimed at planned substitution of procurement of foreign products (works and services) with relevant Russian products (works and services) used for implementation of the Company's investment projects and current operations.

The Board of Directors approved the Roadmap for import substitution for a period till 2020.

The Board of Directors resolved to add to p. 5 of long-term development program of RusHydro Group approved by the Board of Directors on November 21, 2014, "Policy measures of RusHydro Group", with the information on measures aimed at planned substitution of procurement of foreign products (works and services) with relevant Russian products (works and services) used for implementation of the Company's investment projects and current operations.

About RusHydro

RusHydro Group is one of Russia's largest generating companies. RusHydro is the leading producer of renewable energy in Russia with over 70 generating facilities in Russia and abroad. The company also manages a number of R&D, engineering and electricity retail companies. Group's thermal assets are operated by subsidiary - RAO Energy System of East in the Far East of Russia. Total electricity generation capacity of the Group is 37.5 GW, heat capacity - 16.2 thousand GCal/h.

Russian Federation owns 66.8% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company's stock is traded on the MICEX and RTS stock exchanges, and included in MSCI EM и MSCI Russia indexes. Company's GDRs in the IOB section of LSE, ADRs - in OTCQX.

For more information:

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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," "plan", "aim", "target", "forecast", "project", "should", "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 and political 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.