Results of the Board of Directors on May 29

June 1, 2015

Results of the Board of Directors on May 29, 2015

JSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on May 29, 2015.

In accordance with p. 2.11 of Regulations on disclosure of information by the issuers of securities and due to a lack of voting results the Company announces the decisions of the Board of Directors on separate issues of the agenda.

***

The Board of Directors approved additional contribution of funds to share capital of "VolgaHydro" LLC, qualified as an interrelated interested party transaction, and determined the price (monetary value) of contributed funds in the amount of up to RUB 487,700,000.

These funds will be used to finance further implementation of project in 2015. RusHydro's share in the share capital of "VolgaHydro" LLC remains unchanged and amounts to 40%.

***

The Board of Directors approved the following agreements, qualified as interested party transactions:

· Sale and purchase of non-interest bearing promissory notes of Rosbank in the amount of RUB 261,510,239.57 from RusHydro to VolgaHydro. VolgaHydro should pay for the notes no later than June 30, 2015.

· Custody of promissory notes. VolgaHydro deposits the promissory notes in custody of RusHydro. The price of custody agreements amounts to RUB 118.00, incl. VAT in the amount of RUB 18.00.

***

The Board of Directors approved the contractor agreements between RusHydro and Institute Hydroproject, qualified as interested party transactions, for development of:

· project for replacement of filter column in the holes of pump drainage of the PSPP building. The price of the agreement amounts to RUB 4,027,079.22, incl. VAT in the amount of RUB 614,300.22. The start date of works is July 07, 2015. The completion date of works is October 30, 2015.

· project documentation for modernization (technical upgrade) of the Zagorskaya PSPP. The price of the agreement amounts to RUB 175,197,916.98, incl. VAT in the amount of RUB 26,725,105.98. The start date of works is April 01, 2015. The completion date of works is March 30, 2020.

***

The Board of Directors approved the paid service contract between RusHydro and the Russian Union of Industrialists and Entrepreneurs (RSPP), qualified as interested party transaction, and determined the price of the agreement in the amount of RUB 220,000, incl. VAT in the amount of RUB 33,559.32.

The agreement provides for preparing the expert report on results of review of 2014 corporate sustainability report of RusHydro Group.

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:

Investor Relations Department

Tel. +7 (800) 333 8000 ext. 1607, 1319, 1304

[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," "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.