OREANDA-NEWS. November 28, 2012. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on November 22, 2012.

The Board of Directors approved the decision on additional issue of RusHydro’s shares and the Securities Prospectus. The new shares will be placed through open subscription and can be paid in cash and non-cash assets.

The price of placement of new shares is subject to a Board of Directors approval after independent appraisal but prior to the start of the placement.

The increase of RusHydro’s share capital through issuance and placement of 110 bn ordinary shares with a par value of RUR 1 was approved by EGM on November 16, 2012.

The placement aims to raise budget funds to finance the modernization of the generating assets in the Far East.