JSC RusHydro 92XY Results of the BoD on November 22,2012

  JSC RusHydro (92XY) - Results of the BoD on November 22,2012

RNS Number : 9658R
JSC RusHydro
26 November 2012

November 26^th, 2012

            Results of the Board of Directors on November 22, 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



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.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


STRBFBFTMBITMFT -0- Nov/26/2012 07:00 GMT
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