JSC RusHydro (ticker symbol: MICEX RTS, LSE: HYDR; OTCQX: RSHYY) reports that its Board of Directors held a meeting in absentia March 16th, 2012.

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The Company's Board of Directors approved bilateral agreements for the sale and purchase of electric energy produced by RusHydro's Sayano-Shushenskaya hydropower plant. The agreements will be concluded by RusHydro and electricity retail companies - Khakasenergosbyt and Abakanenergosbyt. In addition, a price formula for these agreements was set.

The aggregate volume of electric energy supplied in accordance with the concluded agreements with Abakanenergosbyt will not exceed 116,700 MWh. Energy supplied in compliance with the agreements signed with Khakasenergosbyt will not exceed 638,670 MWh.

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The decisions on items 2 and 3 of the Board's agenda as well as the parties of the deal will be disclosed after the transaction is made, in compliance with the disclosure regulations of FSFM of Russia.