OREANDA-NEWS. JSC RusHydro announces the results of execution of pre-emptive right to acquire Company’s shares of additional issue (state registration number 1-01-55038-E-041D of December 3, 2012) by eligible shareholders.

During the pre-emptive right period RusHydro placed 66,995,185,198additional shares at RUR 1 per share which comprises 60.9% of the total volume of additional share issuance (110,000,000,000 shares with a par value of RUR 1).

RusHydro’s shareholders as at October 11, 2012[1] could exercise the pre-emptive right from December 19, 2012 to February 26, 2013. During this period RusHydro’s shareholders could submit applications to acquire the additional shares pro rata their shareholding in RusHydro’s charter capital and pay for the shares both in cash or ordinary shares of the companies included in the list approved by the extraordinary general meeting of shareholders, based on the valuation of these shares approved by the Board of Directors of RusHydro on January 29, 2013.

As a result of pre-emptive right execution RusHydro, together with the shares owned by the companies of the Group, obtained stakes of the following companies:

Company

Number of shares contributed by other shareholders

Number of shares contributed by the Russian Federation

RusHydro’s holding (incl. ownership of companies of the Group) before change

RusHydro’s holding (incl. ownership of companies of the Group) after change

RAO ES of the East

2 670 948 094

1 492 472 400

67.553026%

76.716699%

Sakhalin energy company

-

2 478 568

20.092513%

44.636948%

Ust’-Srednekanskaya HPP

-

2 649 171 000

85.1699%

100%

Irkutsk electronetwork company

7 419 823

1 973 711 982

0%

42.528664%

Apart from the Russian Federation, more than sixty shareholders, legal entities and individuals, including holders of RusHydro’s depositary receipts, exercised their pre-emptive rights. The total amount of funds contributed to the Company’s charter capital as a result of exercise of pre-emptive right amounted to RUR 50,022 bln, including RUR 50 bln received from the federal budget of the Russian Federation to finance the construction of the heat power facilities in the Far East in compliance with the President’s decree no. 1564 of November 22, 2012.

The total value of assets and funds contributed to the Company’s charter capital as a result of exercise of pre-emptive right amounted to RUR 66,995 bln.

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

[1] Shareholders’ record date (being the date of preparation of the list of shareholders entitled to participate in the general shareholders meeting that passed the resolution to increase the Company’s charter capital).