JSC RusHydro (ticker symbol: MICEX-RTS, LSE: HYDR; OTCQX: RSHYY) announces the results of the Board of Directors meeting held in absentia on May 18, 2012.

The Board approved a number of interested party transactions. In compliance with disclosure rules, the information on transactions qualified as interested party transactions and its parties are to be disclosed after such transactions are concluded.

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The Board of Directors also approved an amended Code of corporate conduct of RusHydro. The new version of the Code is developed to comply with new anti-corruption laws and encompasses the best practices.