December 5, 2019. Moscow, Russia. PJSC RusHydro (ticker symbol: MOEX, LSE: HYDR; OTCQX: RSHYY) announces that the Company's Board of Directors held a meeting in absentia on December 3, 2019.

***

The Board of directors approved the report on the interim results of the Company's 2019 Business Plan execution including actual results for nine months of 2019 (including the report on execution of the Investment program, as well as Comprehensive modernization program for nine months of 2019).

Financing of investment program for the nine months of 2019 came in at RUB 31.6 bn including RUB 21 bn for Comprehensive modernization program. Financing of investment program of the company’s subsidiaries amounted to RUB 14.8 bn. Following relabeling of equipment upon the rehabilitation & modernization program in the first nine months of the year the installed capacity increased by 45.5 MW. Nizhne-Bureyskaya HPP (320 MW) as well as peaking boiler plant (300 GCal) at Yakutskaya GRES have been commissioned in 2019. Actual electricity production and net output came in at 96% and 96.3%, respectively, of the planned amount. Certain decrease in electricity production is driven by lower water inflows to the majority of reservoirs of the hydropower plants in the first half of the year.

***

The Board of Directors reviewed the report on compliance with the PJSC RusHydro’s information policy.

Effective cooperation with shareholders, investors and other stakeholders remains one of the Company’s priorities. RusHydro seeks to disclose all relevant information, which affects the Company’s share price in order to provide the maximum level of trust to the Group.

***

The Board of Directors approved the report on execution of the annual complex procurement program of the Company for nine months of 2019. Small and medium size businesses represented RUB 8.2 bn out of the total number of procurement procedures, in line with the plan. The effect of carrying out procurement procedures amounted to RUB 2.7 bn.  

The Company has carried out 1,853 procurement procedures, all in electronic format.

***

The Board reviewed the item on annual information sharing with the Government of the Russian Federation and the federal legislative authorities on the volume of procurement procedures of civilian products for the Fuel and Energy Complex from the Russian Military Industrial Complex outside of the government’s defense order.

The Company adheres to all executive orders of the Government of the Russian Federation regarding this aspect, publishes planned procurement procedures in the Government’s information system, information on upcoming purchases of goods and services on the official government website (www.zakupki.gov.ru) as well as the company’s website (www.rushydro.ru) and at www.roseltorg.ru.

***

The Board of Directors approved the updated version of the Single provision on procurement of products for the Group’s needs.

The document has been updated according to the latest changes in the Russian legislation and aims at improving the Group’s procurement system by enabling effective control systems. The Government’s instruction on procurement from small and medium size business as well as predominantly from local manufacturers has been taken into account as well.

***

The Board of Directors approved the report on implementation of professional standards in the Group’s activities for the second and third quarters of 2019. The Corporate Hydropower University has successfully worked out 12 standard advanced training programs where 273 employees received continuous professional education, 151 employees – advanced training and 122 employees – occupational retraining.

***

The Board also reviewed the results of annual planned on-site-audits of RusHydro Group’s facilities by Ministry of Energy of the Russian Federation in 2019.