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RusHydro

November 30, 2009

JSC RusHydro’s Board of Directors determines the offering price for the Company’s additional share issue

According to a resolution by the Board of Directors of JSC RusHydro (ticker symbol: HYDR; MICEX, RTS and LSE) (November 30th, 2009, Minutes No. 89), the offering price for additional shares (including for persons on the list of those that  enjoy the pre-emptive right to acquire  additional shares subject to the placement) will be 1 ruble 15 kopecks per  additional share.

The number of shares in the additional issue is: 19,000,000,000 ordinary shares with a par value of 1 ruble per share. The state registration number 1-01-55038-Å-038D (from November 19th, 2009) has been assigned to the additional issue. The issue will be placed via open subscription.

The decision to increase RusHydro’s charter capital was adopted at a General Meeting of the Company’s shareholders on June 10th, 2009.

According to the Russian Federal Law “On joint stock companies,” RusHydro shareholders  (irrespective of their participation in the vote on the question of increasing charter capital and/or on the voting procedure) have the pre-emptive right to acquire additional shares in a quantity proportional to the number of shares belonging to them (as of the date of drawing up the list of persons who had the right to participate in the General Meeting of shareholders, which in this case was April 30th, 2009).

The validity period for exercising pre-emptive rights, which was established by the Decision on the additional share issue, is 210 days. This period will be counted from the date that the notice on the opportunity to exercise pre-emptive rights is published in the newspaper "Vedomosti." The notice will also be placed on the Company’s web site.

The right to demand the re-purchase of shares belonging to shareholders in connection with the additional share placement does not exist.

The commencement date for placing these securities will be December 12th, 2009.

The Decision on the additional share issue and the issue Prospectus are available at: https://www.rushydro.ru/investors/disclosure/issuing

 

 

 

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