Results of the BoD on November 22,2012

November 26th, 2012

JSC RusHydro announces that the Company's Board of Directors held a meeting in absentia, November 22, 2012.

***

The Board of Directors approved the decision on additional issue of RusHydro's shares and the Securities Prospectus. The new shares will be placed through open subscription and can be paid in cash and non-cash assets.

The Board of Directors commissioned the management of the Company to obey the Federal law on privatization of the state and municipal property dated December 21, 2012 No. 178-FZ while increasing the Company's share capital and registration of the decision on additional shares issue by the FFMS of Russia not earlier than publication of the President's decision on increase of RusHydro's share capital.

The price of placement of new shares is subject to a Board of Directors approval after independent appraisal but prior to the start of the placement.

The increase of RusHydro's share capital through issuance and placement of 110 bn ordinary shares with a par value of RUR 1 was approved by EGM on November 16, 2012.

The placement aims to raise budget funds to finance the modernization of the generating assets in the Far East.

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.