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PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO

(HYDR)
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PJSC RusHydro : Results of the Board of Directors -2-

07/30/2021 | 10:15am EDT

2. Into the Far East Power Industry Development Committee under the Board of Directors of the Company, the following be elected:

 1.           Igor            Head of Front Office of the Deputy Chairman of the Government of the Russian Federation - 
              Anatolyevich    Russian Presidential Plenipotentiary Envoy to the Far Eastern Federal District Yu. P. 
              Zadvornov       Trutnev 
              Pavel 
 2.           Sergeyevich     Member of the RusHydro Board of Directors, General Director of PJSC Polyus 
              Grachev 
              Roman 
 3.           Nikolayevich    Member of the Management Board, First Deputy General Director, RusHydro 
              Berdnikov 
              Sergey 
 4.           Yuryevich       Deputy Chairman of the Management Board of Association "NP Market Council" 
              Lebedev 
              Andrey 
 5.           Gennadyevich    Head of the Electric Power Industry Development Department, Minenergo of Russia 
              Maksimov 
              Soslan          Director of the Department for Infrastructure Development of the Far East and the Arctic 
 6.           Ruslanovich     of the Ministry for the Development of the Russian Far East 
              Abisalov 
              Sergey 
 7.           Sergeyevich     Deputy General Director for Financial and Corporate Legal Governance of RusHydro 
              Terebulin 
              Aleksey         Member of the RusHydro Board of Directors, Minister for the Development of the Far East 
 8.           Olegovich       and the Arctic of the Russian Federation 
              Chekunkov 

3. Aleksey Olegovich Chekunkov be elected as Chairman of the Far East Power Industry Development Committee under the RusHydro Board of Directors.

3.6. On constitution of the Reliability, Energy Efficiency and Innovations Committee under the Board of Directors of the Company.

Adopted resolution: 1. Into the Reliability, Energy Efficiency and Innovations Committee under the Board of Directors of the Company, the

following be elected:

 1.           Oleg Gennadyevich Member of the Management Board - Deputy Chairman of the Management Board of Association 
              Barkin            "NP Market Council". 
              Roman 
 2.           Nikolayevich      Member of the Management Board, First Deputy General Director, RusHydro. 
              Berdnikov 
              Yuriy 
 3.           Mikhaylovich      Deputy Director for UES Operations Control of JSC SO UES. 
              Vishnevskiy 
 4.           Sergey Igorevich  Vice-President for Government Relations, LLC Management Company Polyus. 
              Zhuravlev 
 5.           Sergey Borisovich General Director of PJSC Kamchatskenergo 
              Kondratyev 
 6.           Elena Anatolyevna Director of the Department of Operational Management in the Fuel and Energy Complex of 
              Medvedeva         the Ministry of Energy of the Russian Federation 
              Nikolay           Member of the RusHydro Board of Directors, Rector of the Federal State Budgetary 
 7.           Dmitriyevich      Educational Institution of Higher Education "MEI" (Moscow Power Engineering Institute). 
              Rogalev 
 8.           Mikhail Petrovich Chairman of the RusHydro Science and Technology Council. 
              Fedorov 

2. Nikolay Dmitriyevich Rogalev be elected as Chairman of the Reliability, Energy Efficiency and Innovations Committee under the Board of Directors of RusHydro.

The composition of the committees be recognized to be in line with the Board of Directors' goals and the Company objectives, so there is no need to establish new committees.

The Company shall ensure that those members of committees under the Board of Directors, who are not considered to be the Company's insiders under Russian law, sign confidentiality agreements in the form set out in the Company's internal documents.

Item 4: On approval of the Activity Plan of the Board of Directors of the Company for 2021 - 2022 Corporate Year.

Adopted resolution:

The Activity Plan of the Board of Directors of RusHydro for 2021 - 2022 Corporate Year be approved (Schedule No. 1 to the Minutes).

Item 5: On consideration of issues materially important for the Company:

5.1. On authorizing to concurrently hold positions in management bodies of other organizations.

Adopted resolution:

1. Concurrently holding by V. V. Khmarin, Chairman of the Management Board - General Director of the Company, of a position in the Supervisory Board of the Scientific and Technical Council of the Unified Energy System be agreed upon.

2. Concurrently holding by S. A. Kirov, member of the Management Board, First Deputy General Director, of a position in the Supervisory Board of Association "Council of Electricity Producers and Strategic Electricity Investors" be agreed upon.

5.2.1. On termination of the Company's participation in other organizations.

Adopted resolution:

1. Participation of the Company in JSC Customer for the Construction of Boguchansk Aluminum Smelter (AO Zakazchik stroitelstva Boguchanskogo alyuminievogo zavoda) and JSC Organizer of the Construction of Boguchansk Aluminum Smelter (AO Organizator stroitelstva Boguchanskogo alyuminievogo zavoda) be terminated through their voluntary liquidation.

5.2.2. On determining the Company's (the Company's delegates') stand on the items on agendas of the Company's subsidiaries' management bodies.

Adopted resolution:

1. The Company's delegates in the management bodies of JSC Customer for the Construction of Boguchansk Aluminum Smelter (AO Zakazchik stroitelstva Boguchanskogo alyuminievogo zavoda) be instructed to vote "FOR" in adopting a resolution to liquidate JSC Customer for the Construction of Boguchansk Aluminum Smelter (AO Zakazchik stroitelstva Boguchanskogo alyuminievogo zavoda) as well as in adopting other resolutions associated with the liquidation of JSC Customer for the Construction of Boguchansk Aluminum Smelter (AO Zakazchik stroitelstva Boguchanskogo alyuminievogo zavoda), as considered by the management bodies in accordance with Articles 61 through 64 of the Civil Code of the Russian Federation and Articles 21 through 24 of Federal Law No. 208-FZ of December 26, 1995 "On Joint Stock Companies."

5.3. On determining the Company's (the Company's delegates') stand on the JSC Leningradskaya PSHPP management bodies agenda item: "On consent to a major transaction related to the disposal of a property of Kislogubskaya TPP."

Adopted resolution:

1. The Company's delegates be instructed to vote "FOR" the following resolution:

Consent be given to a major transaction related to the disposal of property of Kislogubskaya Tidal Power Plant, the book value of which property exceeds 25 percent of the book value of the assets of JSC Leningradskaya PSHPP, with the disposal to be effected in one of the following ways:

1.1. Enter into a sale and purchase agreement through an open auction to be held on an electronic trading platform (hereinafter referred to as the Auction), on the material terms and conditions as follows:

Parties to the Sale and Purchase Agreement:

The Seller - JSC Leningradskaya PSHPP;

The Buyer - the winning bidder of the Auction / the only bidder under the Auction.

Subject Matter of the Sale and Purchase Agreement:

The Seller shall transfer into the ownership of the Buyer, and the Buyer shall pay for and accept, movable, immovable and other property of Kislogubskaya Tidal Power Plant as listed in Schedules 2 through 4 to the Minutes (hereinafter, the Property).

Starting Auction Price:

Twenty five million (25,000,000) RUB, VAT included.

Price of the Property Sale and Purchase Agreement:

To be determined by the Auction results.

1.2. Should the Auction be declared invalid due to the absence of bids, enter into a donation agreement for gratuitous transfer of the Property into the ownership of one of public law entities, on the material terms and conditions as follows:

Parties to the Donation Agreement:

The Donor - JSC Leningradskaya PSHPP;

The Donee - the Murmansk Oblast / municipalities.

Subject Matter of the Donation Agreement:

The Donor shall transfer the Property into the Donee's ownership, free of charge.

2. The resolution of the Board of Directors dated September 30, 2020 as to Item 3 (Minutes No. 316) be deemed null and void.

5.4. Confidential.

Adopted resolution: Confidential.

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. -----------------------------------------------------------------------------------------------------------------------

(MORE TO FOLLOW) Dow Jones Newswires

July 30, 2021 10:14 ET (14:14 GMT)

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Financials
Sales 2021 442 B 6 099 M 6 099 M
Net income 2021 61 271 M 845 M 845 M
Net Debt 2021 142 B 1 956 M 1 956 M
P/E ratio 2021 5,87x
Yield 2021 6,54%
Capitalization 353 B 4 868 M 4 866 M
EV / Sales 2021 1,12x
EV / Sales 2022 1,24x
Nbr of Employees 5 168
Free-Float 28,1%
Chart PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO
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Public Joint-Stock Company Federal Hydro-Generating Company - RusHydro Technical Analysis Chart | HYDR | RU000A0JPKH7 | MarketScreener
Technical analysis trends PUBLIC JOINT-STOCK COMPANY FEDERAL HYDRO-GENERATING COMPANY - RUSHYDRO
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 8
Last Close Price 0,81 RUB
Average target price 0,99 RUB
Spread / Average Target 21,9%
EPS Revisions
Managers and Directors
Viktor Viktorovich Khmarin Chairman-Management Board & General Director
Yuriy Petrovich Trutnev Chairman
Vadim Vladislavovich Nedotko Head-Economic Planning, Investments & Controlling
Vyacheslav Viktorovich Pivovarov Independent Director
Maxim Sergeevich Bystrov Independent Director