19.05.2008
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The Board of Directors of RusHydro confirms its dividend policy

The Board of Directors of JSC RusHydro has approved the Regulations on the dividend policy of the Company. The need to adopt a new dividend policy for JSC RusHydro derives from the reorganisation of JSC RAO UES of Russia currently drawing to a close, the consolidation of assets and creation of a unified operating company JSC RusHydro, as well as placement of JSC RusHydro shares on the stock exchange.

According to the Regulations on the dividend policy, JSC RusHydro is to allocate at least 5% of the consolidated net profit of the Company in dividends on the basis of the results for the financial year. Distribution of return on investment in the amount of allocated investment funds out of the profits envisaged in the Company’s tariff for financing targeted investment projects is of priority significance and may not be replaced by dividend payments.

Let us recall that the amount of dividends on ordinary JSC RusHydro shares on the basis of the results for 2007 amounted to 1,119 million roubles (the dividends declared by the Company on the basis of the results for the first quarter of 2007).

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