15.09.2015
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Results of the Board of Directors on September 11, 2015

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on September 11, 2015.


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The Board of Directors formed new committees of the Board.


The Board of Directors elected 13 members to the Strategy Committee:


1.

Artem Avetisyan

New business division, Agency for Strategic Initiatives for New Projects Promotion, member of RusHydro’s Board of Directors

2.

Alexander Auzan

Dean of Economics Department, Lomonosov Moscow State University

3.

Igor Zadvornov

Head of Secretariat of Yury Trutnev, Deputy Prime Minister and Plenipotentiary Presidential Envoy to the Far Eastern Federal District

4.

Victor Mamin

Adviser to Energy Minister, Director of Department for corporate governance, pricing and oversight, Ministry of Energy of Russia

5.

Vasily Nikonov

Head of Energy Department, Rosneft

6.

Maxim Rusakov

Member of Management Board, Market Council

7.

Eugeny Olkhovich

Deputy Head, Department of Tariff Regulation, Infrastructure Reforms and Energy Efficiency, Ministry of Economic Development of Russia

8.

Alexander Osipov

First Deputy Minister of Development of the Far East of Russia, Member of RusHydro’s Board of Directors

9.

George Rizhinashvili

Member of Management Board, First Deputy Chairman of the Management Board, RusHydro

10.

Pavel Snikkars

Director for electric energy development at the Ministry of Energy of Russia

11.

Alexey Texler

First Deputy Minister of Energy of Russia

12.

Sergey Shishin

Senior Vice-President, VTB Bank, Member of RusHydro’s Board of Directors

13.

Andrey Shishkin

Vice-President for Energy, Environment and Safety Member, JSC Rosneft, Member of RusHydro’s Board of Directors

The Board of Directors elected 13 members to the Investments Committee:


1.

Artem Avetisyan

New business division, Agency for Strategic Initiatives for New Projects Promotion, RusHydro’s Board of Directors

2.

Dr. Andreas Christian Berndt

Chief Executive Officer, PJSC EF-TEK

3.

Andrei Bugrov

Vice-President, INTERROS Holding Company, Deputy General Director, Deputy Chairman of the Board of Directors, member of the Management Board, Mining and metallurgical company Norilsk Nickel

4.

Maxim Bystrov

Chairman of Management Boards of Administrator of Trading System and Market Council, member of RusHydro’s Board of Directors

5.

Victor Zimin

Head of Khakassia Republic, Chairman of the Government of Khakassia, member RusHydro’s Board of Directors

6.

Larisa Kalanda

Management Board member, Rosneft, Acting Director General, Rosneftegaz, member of RusHydro’s Board of Directors

7.

Sergei Kirov

Member of the Management Board, First Deputy Chairman of the Management Board, RusHydro

8.

Alexander Osipov

Deputy Minister for the Development of the Russian Far East, member of RusHydro’s Board of Directors

9.

Mikhail Mantrov

First Deputy Chairman of the Management Board, RusHydro

10.

Denis Milyutin

Head, Directorate for control of energy resources costs of Energy Department, Rosneft

11.

Anton Podgorny

Aide to Yury Trutnev, Deputy Prime Minister and Plenipotentiary Presidential Envoy to the Far Eastern Federal District

12.

George Rizhinashvili

Member of the Management Board, First Deputy Chairman of the Management Board, RusHydro

13.

Pavel Snikkars

Director for electric energy development at the Ministry of Energy of Russia

The Board of Directors elected 13 members to the Committee on Reliability, Energy Efficiency and Innovations:


1.

Boris Bogush

Member of the Management Board, Chief Engineer, RusHydro

2.

Mikhail Bolgov

Acting Deputy General Director of Institute for Water Problems of Russian Academy of Science

3.

Konstantin Zavizenov

Deputy head of Electric Power Department, Ministry of Energy of Russia

4.

Sergei Ivanov

General Director, Russian Energy Company (ERCO), member of RusHydro’s Board of Directors

5.

Vyacheslav Kravchenko

Deputy Minister of Energy of the Russian Federation, member of RusHydro’s Board of Directors

6.

Victor Kudryavy

Adviser to CEO of Eurocement Group

7.

Emerson Joseph Milenski

Adviser to the President of Technology Expert Analysis Group, Rosneft

8.

Vladimir Pekhtin

Deputy Chairman of the Management Board, RusHydro

9.

George Rizhinashvili

Member of the Management Board, First Deputy Chairman of the Management Board, RusHydro

10.

Vladimir Tokarev

Member of the Management Board, First Deputy Chairman of the Management Board, RusHydro

11.

Sergei Tolstoguzov

Deputy Chairman of RusHydro’s Management Board for the Far East

12.

Rasim Khasiakhmetov

Deputy Chief Engineer, Head of Department for Standardization, Technical Policy and Development, RusHydro

13.

Vladimir Shkatov

Deputy Chairman of the Management Board of Market Council


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The Board of Directors approved Working plan for the 2nd half of 2015.

***

The Board of Directors introduced changes in Technical policy of the Company. The changes, complimentary to procurement requirements, exclude procurement of foreign products (or services) equal in technical characteristics or consumer properties to Russian products (or services, sourced from Russian suppliers).

Earlier, in April 2015, the Board of Directors approved roadmap for import substitution through 2020, providing for gradual substitution of imported products and services to domestically manufactured products and domestically sourced services of equal technical characteristics and consumer properties.

***

The Board of Directors approved Corporate Social Responsibility (CSR) report of RusHydro Group for 2014. The report is prepared in accordance with GRI G-4 guidelines. The report was audited by PricewaterhouseCoopers and passed through public approbation procedure by the Council on non-financial reporting of the Russian Union of Industrialists and Entrepreneurs. The report also received confirmation of compliance with its guidelines from the Global Reporting Initiative (GRI).

RusHydro has been preparing CSR reports since 2007.


***


The Board of Directors approved the following internal documents:

  • Anti-corruption policy.
  • Policy in the field of conflict of interests management.
  • Provision on of sponsorship and charitable activity of the Company in new edition.
  • Environmental policy in new edition.

***

The Board of Directors took a note on the works for surveying and construction of social and sports objects in the town of Bogorodskoye (Moscow Region). The works are being conducted by JSC Zagorskaya PSPP-2 under the agent agreement with RusHydro. The objects will be transferred to the town of Bogorodskoye gratuitously. In particular, RusHydro is transferring to the town of Bogorodskoye project documents for construction of a recreation center for 500 visitors.


The Board of Directors adopted new edition of documents, regulating these works and terms of objects transfer[1]


***


The Board of Directors approved amended charitable and sponsor activities plan of RusHydro for 2015.



[1] Zagorskaya PSHPP and Zagorskaya PSHPP-2 under construction are located in Bogorodskoye

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You 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, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations.
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