14 Sep 2010 07:00
13.09.2010
Resolutions of the Board of Directors
The Board of Directors of JSC RusHydro (ticker symbols: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) made a decision to hold an extraordinary General Meeting of the Company's Shareholders on October 22, 2010 in the form of voting in absentia.
The agenda items of the Meeting:
1. Approval of the transactions which are identified as being of interest (approval of the financing structure of the BEMO project which stipulates the provision of financing in a total amount of up to RUR 50,010,000,000 by concluding loan agreements between OJSC Boguchanskaya HPP and CJSC BoAZ (the Boguchansky Aluminium Smelter) on the one side and Vnesheconombank on the other side; in certain cases JSC RusHydro will have to provide collateral for the loan).
2. Increasing the Company's authorized capital via a follow-on share placement (the volume of the additional issue will not exceed 1.86 billion shares placed by open subscription; the purpose of the issue is to raise budgetary funds to finance restoration of the Company's Baksanskaya HPP).
The Board of Directors specified the postal address to submit the completed voting bulletins to: JSC "Moscow Central Depositary", 34 Bolshaya Pochtovaya Str., bld.8, Moscow, Russia, 105082.
The list of the Company's shareholders entitled to participate in the Meeting is to be compiled on September 14, 2010.
Notification of the Meeting will be published in the Izvestiya newspaper and on the Company's website on or prior to September 22, 2010.
Those entitled to participate in the Meeting can acquaint themselves with the details and any other information necessary at the place of holding the meeting (on the day of the Meeting) or (during the period from September 22, 2010 through October 22, 2010, both dates inclusive, from 10 a.m. to 6 p.m. (Moscow time) at the following addresses:
• JSC "RusHydro", 51 Arkhitektora Vlasova Str., Moscow;
• JSC "Moscow Central Depositary", 34 Bolshaya Pochtovaya Str., bld.8, Moscow;
• at the Company's website: www.rushydro.ru
JSC RusHydro Member of the Management Board E.E. Gorev
(pursuant to the power of attorney No.3439 of 25.08.2010)