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At the Regular Meeting of JSC RusHydro Board of Directors

JSC RusHydro (ticker symbols: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) Board of Directors is to convoke an Extraordinary General Meeting of shareholders on October 22nd, 2010.


The list of the Company's shareholders entitled to participate in the Meeting is proposed to be compiled on September 14, 2010.



The EGM agenda will include the following items:


1. Approval of the transactions which are identified as being of interest (approval of the financing structure of the BEMO project which stipulates the provision of financing in a total amount of up to RUR 50,010,000,000 by concluding loan agreements between OJSC Boguchanskaya HPP and CJSC BoAZ (the Boguchansky Aluminium Smelter) on the one side and Vnesheconombank on the other side; in certain cases JSC RusHydro will have to provide collateral for the loan).

2. Increasing the Company's authorized capital via a follow-on share placement (the volume of the additional issue will not exceed 1.86 billion shares placed by open subscription; the purpose of the issue is to raise budgetary funds to finance restoration of the Company's Baksanskaya HPP).



Information about the meeting results will be disclosed by the Company in a proper way.


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