RusHydro’s statement in relation to potential commercial relations with UC RUSAL
In relation to the information in press on conclusion of long-term electricity contracts between RusHydro Group and UC RUSAL, RusHydro wants to state the following.
When considering options for conclusion of any long-term contracts RusHydro seeks to take into consideration all potential benefits and risks such contractual obligations may incur, but puts the principle of maximization of cash flow for its shareholders as a top priority, trying to create conditions and prerequisites for extracting added value from the power market.
RusHydro Group as a public company, whose shares are traded on Russian and London stock exchanges, adheres to the highest standards of information disclosure. This is why management doesn't disclose any preliminary agreements that haven't been approved by Company's governing bodies. In compliance with the best corporate practice, after any such agreements are approved, RusHydro makes this information available on its corporate website, discloses it via information agencies, authorized by the LSE and Russian stock exchanges, and distributes it to mass media and investment community.
RusHydro group also has no information on existence of any intermediaries that may serve as source of unauthorized information, as the only negotiating parties are management of RusHydro and UC RUSAL.
Shares / ADR