A regular meeting of the JSC RusHydro Board of Directors was held on April 5, 2010.

The Board of Directors of JSC RusHydro included in the agenda of the Annual General Meeting on the results of 2009 the items proposed by the Company shareholder - the Russian Federation represented by the Federal Agency for State Property Management:

1. Approval of the Company's annual report, annual financial statements, including the profit and loss account, and also the distribution of the Company's profits (including dividend payment) and losses following the results of the 2009 financial year.

2. The procedure for payment of remuneration to members of the Company Board of Directors.

3. Election of members of the Company's Board of Directors.

4. Election of members of the Company's Internal Audit Commission.

5. Approval of the Company's auditor.

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The Board of Directors of JSC RusHydro included the following persons in the list of candidates for the Company's Board of Directors to be put to vote at the Annual General Meeting of Shareholders on the results of 2009:

1. Anatoly Ballo, Deputy Chairman, Management Board, Vnesheconombank

2. Sergei Beloborodov, General Director, Gazenergoprom Corporation LLC

3. Eduard Volkov, General Director, JSC Krzhizhanovsky Energy Institute

4. Viktor Danilov-Danilyan, Director, Institute of Water Problems, Russian Academy of Sciences

5. Yevgeny Dod, Management Board Chairman, JSC RusHydro

6. Viktor Zimin, Chairman of the Government, Republic of Khakasia

7. Boris Kovalchuk, (independent director), Acting Management Board Chairman, JSC INTER RAO UES of Russia

8. Vyacheslav Kravchenko, General Director, RN-Energo LLC

9. Christian Andreas Berndt, General Director, EnergoFichtner LLC

10. Viktor Kudryavy, Adviser to the President, CJSC Eurocement Group

11. Grigory Kurtser, President, JSC Russian Regional Development Bank (RRDB)

12. Georgy Kutovoi (independent director), Energy Adviser to the President, CJSC United Metallurgical Company

13. Nikolai Kutin, CEO, Federal Service for Environmental, Technological and Nuclear Supervision (Rustekhnadzor)

14. Andrei Malyshev (independent director), Deputy General Director, State Corporation Rusnanotech

15. Sergei Maslov, President, CJSC St. Petersburg International Commodity Exchange

16. Marina Seliverstova, CEO, Federal Agency for Water Resources

17. Sergei Serebryannikov, President, Moscow Energy Institute (Technical University)

18. Vladimir Tatsyi, First Vice-President, JSC Gazprombank

19. Vasily Titov, First Deputy President - First Deputy Chairman, Management Board, JSC VTB Bank

20. Rashid Sharipov (independent director), Deputy General Director, KFK-Consult LLC

21. Andrei Sharonov, Managing Director, Troika Dialog group of companies

22. Sergei Shmatko, Energy Minister of the Russian Federation

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The Board of Directors of JSC RusHydro included the following persons in the list of candidates for election to the Company's Internal Audit Commission to be put to vote at the Annual General Meeting of Shareholders on the results of 2009:

1. Andrei Kolyada, chief specialist - expert, Management Department, Federal Property Management Agency (Rosimushchestvo)

2. Alexander Kuryanov, adviser, Management Department, Federal Property Management Agency (Rosimushchestvo)

3. Oleg Oreshkin, CEO, Management Department, Federal Property Management Agency (Rosimushchestvo)

4. Maria Tikhonova, department deputy director, Energy Ministry of Russia

5. Alexander Yugov, CEO, Management Department, Federal Property Management Agency (Rosimushchestvo)

In accordance with clause 1, article 53 of the Federal Law on Joint Stock Companies, and clause 11.1, article 11 of the JSC RusHydro Articles of Association, shareholder(s) holding in aggregate at least 2 (two) percent of the Company's voting shares shall have the right to include items in the agenda of the Annual General Meeting of Shareholders and nominate candidates for the Board of Directors and the Internal Audit Commission of the Company, with the number of such nominees not exceeding the number of members of the relevant body.

In accordance with clause 11.1, article 11 of the JSC RusHydro Articles of Association, such proposals shall be received by the Company no later than 90 (ninety) days after the end of the financial year, that is, no later than March 31, 2010.