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RusHydro Completed Placement of Additional Share Issue

The placement period for RusHydro's additional share issue (state registration number 1-01-55038-Е-040D of August 16, 2011) has closed on August 13, 2012.


In process of issuance of additional share issue altogether 27,334,817,715 shares have been placed, or 30.71% of the total number of shares approved for the issue.  The shares have been paid both in cash and in material assets. The government of the Russian Federation has acquired shares worth RUR 39,397,711,485.23 billion, having contributed to the charter capital of RusHydro shares of JSC RAO Energy Systems of the East, JSC Kolymaenergo, JSC Ust-Srednekanskaya HPP, JSC KamGEK, JSC Yakutskenergo and shares of a number of other issuers, as well as the hydrotechnical facilities- dams of Bratskaya, Ust-Ilimskaya and Irkutskaya HPPs on Angara river.Also within the framework of this issue the Government of the Russian Federation has contributed RUR 4,631,375,697.30 of budget funds in cash for financing construction of Gotsatlinskaya HPP in accordance with the  Federal Law on the Federal Budget for 2012. 


The decision on increase of RusHydro's charter capital was adopted by the AGM of June 30, 2011. The share placement price (including for shares to be placed in accordance with pre-emptive right) was determined by the Board of Directors at RUR 1.65 per share.


The additional share issue was registered by the Federal Service for Financial Markets on August 16, 2011. According to the decision on the issue, the placement period closes on the 45th day of the end of the period of collecting bids for the shares, which was over on June 29, 2012, but no later than   365 days since the day of the state registration of the issue.


Trading of shares on the OTC market will begin after the state registration of the report on the results of the issue placement and trading on the exchange will begin after the listing of the issue.


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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