OREANDA-NEWS. On 7 September 2009 was announced, that the placement period for common shares of an additional issue.

The total number of shares placed was 14,681,412,135, which amounts to 91.75% of the total number of shares of the additional issue that were schedule to be placed.

The decision to increase the Company’s charter capital was adopted by a decision of RusHydro’s EGM held on November 17th, 2008.

The total number of shares included in the additional issue was 16 billion common shares, with a par value of 1 (one) ruble. Therefore, the total value of the additional issue was RUR 16 billion. The accepted form of payment for additional shares was cash only. The price for the additional placed shares (including for shareholders holding pre-emptive rights) was set at 1 ruble per share by RusHydro’s Board of Directors in March 2009; this pricing is in full accordance with articles 36 and 37 of the Russian Federal Law “On joint-stock companies.”

RusHydro’s additional share issue – for placement via open subscription – was registered by the Russian Federal Service for Financial Markets (the FSFM) on May 14th, 2009. Based on the conditions of the Decision on the additional share issue, the placement period ends 111 days from the date that the Russian Government registered the additional share issue.

The additionally placed shares may become tradable on the over-the-counter market following the registration of the Report (which is tentatively anticipated to be at the end of September).  Additionally, the shares may be traded on relevant exchange(s) following the procedure of listing the additional share issue. (Which is tentatively anticipated to be at the end of October).