RusHydro Raised RUR 40 Bln from Sberbank

November 22th, 2011

RusHydro Raised RUR 40 Bln from Sberbank

JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that it has signed an agreement with Sberbank of Russia for a 2-year credit facility in the amount of up to RUR 40 bln.

The proceeds will be used primarily to finance company's ongoing operations and investment program. "The facility from Sberbank on very attractive terms let the company increase its leverage in full accordance with this year's plan despite worsening debt markets, and once again confirmed RusHydro's reputation as a top quality borrower" - commented member of the Management Board Konstantin Bessmertniy.

"We're glad with further cooperation between Sberbank and one of Russia's largest electric utilities company - RusHydro, and expect strengthening of our strategic partnership", - commented Alexey Grenkov, Head of key client coverage of Sberbank.

Board of Directors of RusHydro approved raising up to RUR 40 bln of additional debt in 2011 on August 30, 2011. In April 2011, RusHydro succesfully placed two domestic 5-year bond issues for a total of RUR 15 bln.

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.