Shevchuk was nominated not by the said substantial shareholder, but by other minority shareholders of those

entities; ? the main professional activity of A. V. Shevchuk - protection of investors' rights by the Association

of Institutional Investors headed by the latter - gives reasons to believe that A. V. Shevchuk will act in the

interests of all shareholders of the Company, rather than in the interests of the said substantial shareholder; ? A. V. Shevchuk has no duty to vote in pursuance of the Russian Government's directives because he was

not nominated by the Russian Federation to represent the same on the Board of Directors of the Company and is not

named as such in Order No. 785-r of the Government of the Russian Federation dated March 30, 2021; ? JSC EENS (Joint Stock Company Ekaterinburgenergosbyt) is one of the energy retail companies with which

the Company, in the ordinary course of business, has entered into a non-regulated capacity purchase and sale

contract with a price exceeding 2% of the book value of assets of JSC EENS as of December 31, 2020.

Since the price under the said contract corresponds to the prices based on the results of capacity competitive auction (competitive transactions) and this practice is exercised by the Company under all non-regulated capacity purchase and sale contracts with other counterparties not related to A. V. Shevchuk, the latter has no possibilities to influence the price parameters of the above contract. ? In May 2021, A. V. Shevchuk signed a Declaration of a Candidate to / Member of the Board of Directors

of the Company Recognized as Independent, in the form recommended by Moscow Exchange.

*61.73% of the RusHydro ordinary shares are owned by the Russian Federation represented by the Federal Agency for State Property Management, and 12.95% of the RusHydro ordinary shares are owned by VTB Bank (PJSC) which is also controlled by the Russian Federation. The data are given subject to outstanding shares of the additional issue No. 1-01-55038-E-043D dated August 27, 2018.

**JSC EENS is a controlled entity of JSC MRSK Urala, the Board of Directors whereof includes A. V. Shevchuk

*** The group of shareholders holding in aggregate 2.3% of the Company's voting shares include Kopernik Global Investors, LLC; Heptagon Fund plc - Kopernik Global All-Cap Equity Fund; Kopernik Global All-Cap Fund; Kopernik Global All-Cap CIT; Kopernik Global All-Cap Master Fund, LP; Kopernik Global Long-Term Opportunities Fund, LP; Kopernik International Fund; Raytheon Technologies Corporation Master Retirement Trust; Interventure Equity Investments Limited/ Spectrum; TIFF Keystone Fund Kopernik.

About RusHydro

RusHydro Group is the leading producer of renewable energy in Russia. It is Russia's largest generating company and is the third hydropower company in the world with over 400 generating facilities. The Group's total electricity generation capacity including Boguchanskaya HPP is 38.0 GW.

For more information:

Investor Relations Department

Tel. +7 (495) 122 0555 ext. 1304

ir@rushydro.ru

The information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of RusHydro. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially from these statements. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with operating in Russia, rapid technological and market change in our industries, as well as many other risks specifically related to RusHydro and its operations. ----------------------------------------------------------------------------------------------------------------------- 


ISIN:           US7821834048, RU000A0JPKH7 
Category Code:  MSCM 
TIDM:           HYDR 
LEI Code:       2534005TJN9DX4YWVT97 
OAM Categories: 2.2. Inside information 
Sequence No.:   107335 
EQS News ID:    1200441 
 
End of Announcement  EQS News Service 
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(END) Dow Jones Newswires

May 25, 2021 10:48 ET (14:48 GMT)