OREANDA-NEWS. December 13, 2012. JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting on December 10, 2012.

The Board of Directors took a note of the additional issue of RusHydro’s shares registration by the Federal Financial Markets Service of Russia (state registration number 1-01-55038-Е-041D of December 3, 2012).

The Board of Directors instructed the Chairman of the Management Board of RusHydro to ensure that the issues “On determination of financing and control of construction of the power facilities indicated in the President’s decree number 1564 of November 15, 2012” and draft Agreement on implementation of article 4 of the decree are submitted to one of the upcoming Board of Directors meetings.

The Board of Directors approved the price of placement of RusHydro’s shares of additional issue (including for shares to be placed in accordance with pre-emptive right) at RUR 1 per share.

The number of shares of additional issue is 110 bn with par value of RUR 1 per share.

The increase of RusHydro’s share capital was approved by the EGM on November 16, 2012.

According to the Federal law on Joint Stock Companies the shareholders of RusHydro will exercise a pre-emptive right for acquisition of the Company’s additional shares pro rata their shareholding in the Company’s share capital (regardless of their participation in the vote and/or voting preference on increase of the share capital). The cut-off date for the pre-emptive right is October 11, 2012.