JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the results of the Board of Directors meeting held in absentia on May 31, 2012.

The Board approved the report on execution of innovations development program in 2011. The total financing amounted to RUR 3.8 bn.

***

The Board approved the report on activities of the Management Board in 2011. The Management Board held 84 meetings, considered 484 issues.

***

The Board approved the sale of over-the-balance electricity from RusHydro's Bureyskaya hydropower plant to Inter RAO UES in the non-price zone, qualified as interested-party transaction.

***

The Board approved the contract of sub-lease of a land plot between RusHydro and Federal Grid Company qualified as interested-party transaction.

***

The Board approved the sponsorship and charity program for 2012 for a total amount of RUR 600 mn, as well as Company's regulations on charitable and sponsor activities.