Shareholders

The Company’s shares are held by around 350,000 Russian and foreign investors. The Russian Federation owns the controlling stake of 258,161,535,606 shares, or 60.56% of the Company’s authorized capital.

The Russian Federation (state property) owns the Company’s shares via the Federal Agency for State Property Management (258,161,535,606 pcs) and ITAR-TASS News Agency (248,527 pcs).

The Company’s shareholders whose stake in the authorized capital, when taken together with the disclosed clients of nominal holders, exceeds 2% as at December 31, 2016, December 31, 2017, and December 31, 2018, respectively. [102-5]

Changes in the group of persons with the right to execute, directly or indirectly, at least 2% of the voting rights attached to the Company’s voting shares, %

Changes in the shareholding structure by shareholder category, %

Name of the registered entity	Percentage share in the authorized capital as at May 23, 2016	Percentage share in the authorized capital as at December 31, 2017	Percentage share in the authorized capital as at December 31, 2018
The Russian Federation as represented by the Federal Agency for State Property Management	66.8	60.6	60.6
Legal entities	30.1	38.1	38.1
Individuals	3.1	1.3	1.3

Date	Free-float factor
Last trading day of 2016	0.23
Last trading day of 2017	0.25
Last trading day of 2018	0.19

Shareholder agreements

RusHydro’s shareholders can enter into shareholder agreements, including those that afford For information on the ability of certain shareholders to obtain or actual cases of them obtaining an extent of control disproportionate to their contribution to the authorized capital, including through shareholder agreements or based on them holding ordinary and preferred shares with differing par values, please see the website . them an extent of control disproportionate to their contribution to the authorized capital.

Notifications on concluded shareholder agreements received by RusHydro

Parties to the shareholder agreement	Date of the shareholder agreement
The Russian Federation as represented by the Federal Agency for State Property Management VTB Bank (PJSC)	March 7, 2017
The Russian Federation as represented by the Federal Agency for State Property Management RusHydro’s subsidiaries: Hydroinvest As at March 7, 2017, Hydroinvest was no longer the Company’s shareholder, while the aggregate stake of EZOP and Energy Index – HydroOGK in the Company’s authorized capital went down to 0.8% due to the sale of shares to VTB Bank (PJSC). As at September 28, 2018, Hydroinvest held 0.8% in RusHydro’s authorized capital following the incorporation of EZOP and Energy Index – HydroOGK into Hydroinvest., EZOP, Energy Index – HydroOGK	June 23, 2016

Parties to the shareholder agreement

Date of the shareholder agreement

The Russian Federation as represented by the Federal Agency for State Property Management
VTB Bank (PJSC)

March 7, 2017

The Russian Federation as represented by the Federal Agency for State Property Management
RusHydro’s subsidiaries: Hydroinvest As at March 7, 2017, Hydroinvest was no longer the Company’s shareholder, while the aggregate stake of EZOP and Energy Index – HydroOGK in the Company’s authorized capital went down to 0.8% due to the sale of shares to VTB Bank (PJSC). As at September 28, 2018, Hydroinvest held 0.8% in RusHydro’s authorized capital following the incorporation of EZOP and Energy Index – HydroOGK into Hydroinvest., EZOP, Energy Index – HydroOGK

June 23, 2016