20.03.2009
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The Report on the additional issue of shares in JSC RusHydro is registered

On 19 March, the Federal Service for the Financial Markets of Russia registered the Report on the additional issue of shares in JSC RusHydro, registered by the Federal Service for the Financial Markets of Russia on 2 December 2008 (state registration number 1-01-55038-Е-036D).

As announced previously, the additional issue of ordinary shares in JSC RusHydro was suspended on 13 March by decision of the Federal Service for the Financial Markets of Russia in connection with a technical error in the documents presented by the Issuer for state registration of the Report.   The inaccuracy was remedied by JSC RusHydro after receiving a notification from the Federal Service for the Financial Markets of Russia. 

The additional issue of shares was carried out for the purpose of obtaining budget allocation to the authorized equity capital of JSC RusHydro in accordance with the Federal Law on the Federal Budget for 2008 and the planning period of 2009 and 2010.

In fulfilment of the given Federal Law, during the placement of the additional shares by preemptive right, in December 2008, the Russian Federation contributed funds in payment for the shares in the amount of 6,000,000,000 roubles. 

In connection with the fact that, according to the results of exercise by the shareholders in JSC RusHydro of their preemptive right to acquire the additional shares, some of the shares remained unplaced, as well as for the purpose of accelerating receipt of 2009 budget allocations, on 23 January 2009, the Board of Directors of JSC RusHydro passed a resolution to approve a transaction intended to place 3,998,000,000 additional shares in favour of the Russian Federation.  Funds in the amount of 3,998,000,000 roubles were paid for the shares in February 2009. 

The funds thus received will be allocated for implementation of the Company’s investment programme.   

The remaining part of the 2009 budget allocations (in accordance with the Federal Law on the Federal Budget for 2009 and the planning period of 2010 and 2011) will be used to pay for the shares of a new additional issue of JSC RusHydro. 

On 11 March 2009, the Board of Directors of JSC RusHydro approved a Resolution on an additional issue of securities and the Securities Prospectus of JSC RusHydro.  In accordance with a resolution of the Extraordinary General Meeting of Shareholders of JSC RusHydro, the total volume of the additional issue of shares in JSC RusHydro planned for placement during 2009 amounts to 16,000,000,000 (sixteen billion) units.  In accordance with the Federal Law on Joint-Stock Companies, the Board of Directors approved the placement price of 1 additional share in the amount of 1 rouble, which corresponds to its nominal value.

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