RSHYY RusHydro PJSC (PK)

Results of the Board of Directors on May 14, 2013

RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Company's new Board of Directors, elected by the Extraordinary General Meeting of shareholders on April, 19, 2013, held a meeting in absentia on May 14, 2013.

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The Board of Directors elected Viktor Danilov-Danilyan to chair the meeting.

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The Board of Directors elected members to the committees of the Board.

 The Board elected 3 members to the Audit Committee:

·       Viktor Danilov-Danilyan, independent member of the Board;

·       Viktor Kudryavy, independent member of the Board;

·       Denis Nozdrachev, independent member of the Board

The Board re-elected Mr. Danilov-Danilyan as the Chairman of the committee.

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The Board elected 3 members to the Remuneration Committee:

·       Viktor Danilov-Danilyan, independent member of the Board;

·       Viktor Kudryavy, independent member of the Board;

·       Denis Nozdrachev, independent member of the Board

The Board re-elected Mr. Danilov-Danilyan as the Chairman of the committee.

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The Board of Directors elected 11 members to the reliability, energy efficiency and innovations Committee:

·       Rakhmetulla Alzhanov, Deputy Chairman of the Management Board, RusHydro;

·       Evgeny Bellendir, Director for scientific research, RusHydro;

·       Boris Bogush, Member of the Management Board, RusHydro;

·       Mikhail Bolgov, acting general director, Institute of Water Issues of the Russian Academy of Sciences;

·       Eduard Volkov, Member of the Board of Directors, RusHydro;

·       Sergey Voskresensky, Member of the Management Board, RusHydro;

·       Viktor Kudryaviy, Member of the Board of Directors, RusHydro;

·       Alexey Maslov, Deputy Chairman of the Management Board, RusHydro;

·       Sergey Pavlushko, Member of the Management Board, director for regime control, System Operator of Russia;

·       George Rizhinashvili, Deputy Chairman of the Management Board, RusHydro;

·       Rasim Khaziakhmetov, Director for technical policy and development, RusHydro.

The Board re-elected Mr. Kudryaviy as the Chairman of the committee.

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The Board elected 9 members to the Strategy Committee:

·       Evgeny Gorev, Member of the Management Board, RusHydro;

·       Viktor Danilov-Danilyan, Member of the Board of Directors, RusHydro;

·       Andrey Malyshev, President, E4 Group;

·       Mikhail Mantrov, Deputy Chairman of the Management Board, RusHydro;

·       Valentin Mezhevich, Member of the Upper House of Parliament;

·       Vyacheslav Pivovarov, Member of the Board of Directors, RusHydro;

·       George Rizhinashvili, Deputy Chairman of the Management Board, RusHydro;

·       Maria Tikhonova;

·       Nikolay Shulginov, First Deputy Chairman of the Management Board, System Operator of Russia.

The Board re-elected Mr. Malyshev as the Chairman of the committee.

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The Board elected 9 members to the Investments Committee:

·       Ilya Gubin, Member of the Board of Directors, RusHydro;

·       Viktor Danilov-Danilyan, Member of the Board of Directors, RusHydro;

·       Alexander Ilyenko, Member of the Management Board, director for development, System Operator of Russia;

·       Mikhail Mantrov, Deputy Chairman of the Management Board, RusHydro;

·       Alexey Maslov, Deputy Chairman of the Management Board, RusHydro;

·       Denis Nozdrachev, Member of the Board of Directors, RusHydro;

·       Vyacheslav Pivovarov, Member of the Board of Directors, RusHydro;

·       George Rizhinashvili, Deputy Chairman of the Management Board, RusHydro;

·       Maria Tikhonova.

 

The Board elected Mr. Nozdrachev as the Chairman of the committee.

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 36.5 GW, heat capacity – 16.2 thousand GCal/h.

Russian Federation owns 65.9% in RusHydro, the rest is held by other institutional and individual shareholders (over 360,000). The company’s stock is traded on the MICEX and RTS stock exchanges, and included in MSCI EM и MSCI Russia indexes. Company’s GDRs in the IOB section of LSE, ADRs – in OTCQX.

 

For more information:

JSC RusHydro, Investor Relations Department

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

ir@rushydro.ru

 

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.