OREANDA-NEWS. November 9, 2011. JSC RusHydro (ticker symbol: RTS, MICEX, LSE: HYDR; OTCQX: RSHYY) announces that as a result of execution of pre-emptive right by its shareholders during the ongoing share issue, the Company received stakes in JSC RAO Energy System of East, JSC Sakhalin Energy Company (SEK) and JSC Trest Hydromontazh as payment for its own shares.

 

Number of shares

RusHydro ownership before change, %

RusHydro ownership after change, %

RAO ES of East

29,886,902,719

0

69,316

SEK

1,029,000

0

17.7723

Trest Hydromontazh

97,341,002

0

31.9784

The share prices of these companies were approved by the Board of Directors:

- RUR 0.5199125634647 per one ordinary and preferred share of RAO ES of East;

- RUR 722.0602526724980 per one ordinary share of SEK;

- RUR 11.3340717652817 per one ordinary share Trest Hydromontazh;

The valuation of shares was done by an independent appraiser - LLC Institute for Enterprise Issues (St. Petersburg). JPMorgan and Morgan Stanley provided their opinions to the Board of Directors of RusHydro regarding the valuations of the asset.

The Annual General Meeting of shareholders of RusHydro approved an increase of the Company's authorized share capital by issuing 89,000,000,000 additional ordinary shares with a par value of RUR 1 per share on June 30th, 2011. The Board of Directors approved a decision on additional share issue and Prospectus of the issue on July 29, 2011.

RusHydro will publish full results of pre-emptive right execution by shareholders that ended October 28, 2011, shortly.