Results of the BoD on October 21, 2015

October 26, 2015

Results of the Board of Directors on October 21, 2015

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on October 21, 2015.

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The Board of Directors approved an Addendum to the agreement on allocation of budget funds between RusHydro, the Federal Agency for State Property Management and Ministry of Energy of Russia, qualified as interested party transaction.

The addendum provides for amendments to the maximum estimated cost of construction of four investment projects in the Far East of Russia: TPP in Sovetskaya Gavan', Sakhalinskaya TPP No.2 (1st stage), Yakutskaya TPP No.2 (1st stage), Blagoveschenskaya TPP (2nd stage), change of capacity volumes to be commissioned and terms of projects' launch, amendments to the performance indicators of using budget funds allocated to RusHydro and methodology of calculation and valuation of these indicators, as well as setting penalties.

The Board of Directors determined the penalty for not meeting performance indicators listed in the article 3.2.10 of the agreement No. 01-08/827 of December 18, 2012, in the amount of 5% of total amount of funds determined in p. 1.1 of the agreement.

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 38.5 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 Moscow Exchange (MOEX), 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

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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.