RusHydro Announces Change of BoD Meeting Date

December 22nd, 2011

RusHydro Announces Change of BoD Meeting Date

JSC RusHydro (MICEX, LSE: HYDR; OTCQX: RSHYY) announces change of date of the Board of Directors meeting from December 23, 2011 to January 20, 2012 as per decision of the Chairman of the Board.

The meeting agenda remains the same and includes the following issues:

1. On approval of List of priority projects implemented under JSC RusHydro's Innovative development program as well as the Concept of cooperation with the industry and academic research institutions regarding the matters related to the Program implementation.

2. On approval of JSC RusHydro's development priorities for 2012.

Information on the resolution of the Board meeting will be disclosed in due course.

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.