03.03.2016
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Results of the Board of Directors on February 25, 2016

PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on February 25, 2016.

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The Board of Directors approved the report on implementation of RusHydro’s charitable and sponsorship activities plan in 2015.

In 2015, RusHydro continued implementation of its long-term comprehensive charitable program "Pure energy", including core charitable projects of the Company. The Company allocated over RUB 430 mn for implementation of charitable and sponsorship activities in 2015.

The Board of Directors also approved the Company’s charitable and sponsorship activities plan for 2016.

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The Board of Directors approved an addendum to the agreement between RusHydro and Voith Hydro.

The document is aimed at optimization of contract for modernization of the Saratovskaya HPP. The comprehensive modernization of the plant provides for replacement of 21 turbines and hydro unit No. 24. The project is a part of the Company’s comprehensive modernization program.

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The Board of Directors approved electricity sale to last resort providers of the second price zone under free bilateral agreements in 2016. The Board of Directors also approved the pricing procedure for electricity sold by RusHydro.

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The Board of Directors approved an agreement between RusHydro and Administration of Talakan settlement located in Amur region on gratuitous transfer of property. According to the agreement RusHydro transfers to municipal property of Talakan settlement a drainage network and other utility facility located near the Company’s Bureyskaya HPP.

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The Board of Directors approved the agreement between RusHydro and SO UES, qualified as an interested party transaction.

According to the agreement RusHydro will control the reactive capacity without electricity production using generating facilities of the Volzhskaya, Ezminskaya, Gizeldonskaya, Zelenchugskaya HPPs and Zagorskaya pumped storage plant. The Board of Directors also approved the pricing procedure for these services.

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The Board of Directors approved the agreement between RusHydro and PJSC Sberbank, qualified as an interested party transaction.

In accordance with the Regulations on disclosure of information the details of these transactions will be made available after their implementation in compliance with regulatory requirements of the Russian Federation.

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The Board of Directors moved the deadline for execution of commission to the Chairman of the Management Board – General Director of RusHydro and resolved to submit for the Board’s review till June 30, 2016, the Framework for restructuring of science and technology complex.

The deadline has been moved due to optimization of the engineering complex of RusHydro Group.

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The Board of Directors resolved to amend p. 2.3 of the decision of the Board of August 30, 2011, on raising debt funds, which should be read as follows: “2.3. To submit the report on the amount of debt raised by the Company for the Board’s review on a quarterly basis as a part of the Report on the Company’s business-plan execution.”

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The Board of Directors elected Andrey Kazachenkov, First Deputy General Director, as a member of the Management Board of RusHydro.


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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