RusHydro completed placement of additional share i

August 13th, 2012

RusHydro completed placement of additional share issue

The placement period for RusHydro's additional share issue (state registration number 1-01-55038-Е-040D of August 16, 2011) has closed on August 13, 2012.

In process of issuance of additional share issue altogether 27,334,817,715 shares have been placed, or 30.71% of the total number of shares approved for the issue. The shares have been paid both in cash and in material assets. The government of the Russian Federation has acquired shares worth RUR 39,397,711,485.23 billion, having contributed to the charter capital of RusHydro shares of JSC RAO Energy Systems of the East, JSC Kolymaenergo, JSC Ust-Srednekanskaya HPP, JSC KamGEK, JSC Yakutskenergo and shares of a number of other issuers, as well as the hydrotechnical facilities- dams of Bratskaya, Ust-Ilimskaya and Irkutskaya HPPs on Angara river.Also within the framework of this issue the Government of the Russian Federation has contributed RUR 4,631,375,697.30  thousand of budget funds in cash for financing construction of Gotsatlinskaya HPP in accordance with the Federal Law on the Federal Budget for 2012.

The decision on increase of RusHydro's charter capital was adopted by the AGM of June 30, 2011. The share placement price (including for shares to be placed in accordance with pre-emptive right) was determined by the Board of Directors at RUR 1.65 per share.

The additional share issue was registered by the Federal Service for Financial Markets on August 16, 2011. According to the decision on the issue, the placement period closes on the 45th day of the end of the period of collecting bids for the shares, which was over on June 29, 2012, but no later than 365 days since the day of the state registration of the issue.

Trading of shares on the OTC market will begin after the state registration of the report on the results of the issue placement and trading on the exchange will begin after the listing of the issue.

For more information:

JSC RusHydro, Investor Relations Department

Tel. +7 (495) 225-3232 ext. 1319, 1394, 1607

[email protected]

DISCLAIMER

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada or Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the US Securities Act of 1933, as amended (the "Securities Act") or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.

This announcement does not contain or constitute an invitation, inducement or solicitation to invest. This announcement is directed only at and is for distribution only to persons who (i) are outside the United Kingdom, (ii) are "investment professionals" falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order"), (iii) are persons falling within Article 49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order or (iv) are other persons to whom an invitation or inducement to engage in investment activity (within the meaning of the Financial Services and Markets Act 2000) in connection with the issue or sale of any shares may otherwise lawfully be communicated or caused to be communicated (all such persons in (i), (ii), (iii) and (iv) together being referred to as "Relevant Persons"). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In the European Economic Area ("EEA"), This announcement is only directed at persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC) ("Qualified Investors"). This announcement must not be acted upon in any member state of the EEA by persons who are not Qualified Investors.

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.