On June 30, 2010 the regular Annual General Meeting of Shareholders of JSC RusHydro was held.

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The Annual General Meeting of Shareholders of JSC RusHydro approved the annual report, the annual financial statements on the basis of the results of 2009.

The Annual General Meeting of Shareholders of the Company approved the following distribution of profit of the Company on the basis of the results of 2009, including, but not limited to, the decision not to pay dividends on ordinary shares of the Company on the basis of the results of 2009:

The source of payment of dividends is the Company’s profit after tax (net profit).

The net profit of JSC RusHydro on the basis of the results of 2009 amounts to 10,328,994.700 thousand rubles and shall be distributed as follows:

— to reserve fund (mandatory deductions in the amount of 5 % from net profit in accordance with the legislation of the Russian Federation) — 516,450 thousand rubles.

— to investments — balance of net profit in the amount of 9,812,544.965. Funds, allocated to reserve fund had been used for in 2009 for financing of RudHydro investment program.

The General Meeting of Shareholders of JSC RusHydro made the decision not to pay dividends on ordinary shares of the Company on the basis of the results of 2009.

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The General Meeting of Shareholders of JSC RusHydro approved the new version of the Company Charter.

The new version of the Company Charter provides for increase of the term of information disclosure for the General Meeting of Shareholders from 20 to 30 days and change of the printed source used by the Company for information disclosure, including the Information on holding the General Meeting of Shareholders. Now, this information will be printed in Izvestiya newspaper. In addition to that, the new version changes the full name of the Company from Open Joint-Stock Company RusHydro to Open Joint-Stock Company Federal Hydrogenerating Company. The abbreviated name of the Company was not changed.

The new version fixes the term of payment of dividends announced by the Company (120 days), and optimized distribution of powers between the Board of Directors and executive bodies of the Company.

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The General Meeting of Shareholders of JSC RusHydro approved the new version of the Regulation on Procedure for Convening and Holding of the General Meeting of Shareholders of the Company.

The new version of the Regulation was brought into compliance with the Federal Law «On Joint Stock Companies» and the new version of the Company Charter and provides for reduction of the term of making up the Minutes of the General Meeting of Shareholders of the Company from 15 to 3 days, as well as changing the full name of the Company and the printed source where the Information on holding the General Meeting of Shareholders is published. Now, this information will be printed in Izvestiya newspaper.

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The General Meeting of Shareholders of JSC RusHydro approved the new version of the Regulation on Remunerations to the Members of the Board of Directors of the Company.

The new version provides for a lump sum payment to the members of the Board of Directors after termination of their powers, the amount of the remuneration depends on a number of meetings, at which members of the Board of Directors participated, and may be increased if a member of the Board of Directors is the Chairman of the Board of Directors, the Chairman of a Committee of the Board of Directors or a member of a Committee of the Board of Directors. The new version cancels the payment of additional remuneration to the members of the Board of Directors in case of making the decision by the General Meeting of Shareholders of the Company on payment of dividends and also cancels compensations to the members of the Board of Directors.

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The General Meeting of Shareholders of JSC RusHydro approved the Closed Joint-Stock Company PricewaterhouseCoopers Audit as the Company auditor.

In accordance with Article 5 of the Federal Law dated 30.12.2008 No. 307-FZ «On Auditing Activities», organizations with the share of government participation in the charter capital of not less than 25% shall conclude the agreement on conducting the mandatory audit of the financial statements by bidding in the form of the open tender pursuant to the procedure provided by the Federal Law dated 21.07.2005 No. 94-FZ «On Placement of Orders for Supplies of Goods, Performance of Works, Rendering Services for State and Municipal Requirements».

The Closed Joint-Stock Company PricewaterhouseCoopers Audit was declared a winner on the basis of the results of bidding in the form of the open tender.

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The General Meeting of Shareholders of JSC RusHydro elected the Audit Commission of the Company consisting of the following 5 members:

- Kolyada Andrey Sergeevich — Chief expert, Federal Agency for State Property Management (Rosimushchestvo);

- Kurianov Alexander Mikhailovich — Consultant, Federal Agency for State Property Management (Rosimushchestvo);

- Oreshkin Oleg Anatolyevich — Head of Department, Federal Agency for State Property Management (Rosimushchestvo);

- Tikhonova Maria Gennadyevna — Deputy Head of Department, Ministry of Energy (Minenergo) of Russia;

- Yugov Alexander Sergeevich — Head of Department, Federal Agency for State Property Management (Rosimushchestvo).

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The General Meeting of Shareholders of JSC RusHydro elected the Board of Directors of the Company consisting of the following 13 members:

- Shmatko Sergey Ivanovich — Minister of Energy of the Russian Federation;

- Ballo Anatoly Borisovich — Deputy Chairman of the Management Board of Vnesheconombank;

- Beloborodov Sergey Sergeevich — General Director, LLC Gazenergoprom Corporation;

- Volkov Eduard Petrovich — General Director , JSC Krzhizhanovsky Power Engineering Institute;

- Dod Evgeny Vyacheslavovich — Chairman of the Management Board of JSC RusHydro;

- Zimin Victor Mikhailovich — Chairman of the Government of the Khakassia Republic;

- Kovalchuk Boris Yurievich — Acting Chairman of the Management Board, JSC INTER RAO UES;

- Kudriavy Victor Vasilyevich — Adviser to the President of CJSC Eurocement Group;

- Kurtser Grigory Markovich — President, JSC Russian Regional Development Bank;

- Kutyin Nikolay Georgievich — Head of the Russian Federal Service for Ecological, Technical and Atomic Supervision;

- Malyshev Andrey Borisovich — Deputy General Director, GK Rosnanotekh;

- Seliverstova Marina Valeryevna — Head of the Federal Agency of Water Resources;

- Sharipov Rashid Ravelevich — Deputy General Director, LLC KFK-Consult;

Five members of the Board of Directors are independent directors: Kovalchuk B.Y., Kudryavy V.V., Kurtser G.M., Malyshev A.B., Sharipov R.R.