BNY Mellon Appointed as Depositary Bank by JSC RusHydro

JSC RusHydro upgrades its depositary receipt to the OTCQX trading platform

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Sep 16, 2010, 06:00 ET

NEW YORK, Sept. 16 /PRNewswire-FirstCall/ -- BNY Mellon, the global leader in asset management and securities servicing, has been appointed by JSC RusHydro (RusHydro) as the depositary bank for its American depositary receipt (ADR) program. Each RusHydro ADR represents 100 ordinary shares and trades on the OTCQX under the symbol RSHYY. RusHydro's ordinary shares trade on the RTS and MICEX under the symbol HYDR.

RusHydro is Russia's biggest hydro-generating company and the second biggest in the world in terms of installed capacity. RusHydro is the leader in the production of power on the basis of renewable energy sources, developing power generation using water flows, tidal, wind and geothermal energy. For more, see www.eng.rushydro.ru/.

"We highly value the easy access to our securities that OTCQX offers to U.S. investors," said Ivan Savelyev, RusHydro's director for mergers & acquisitions and equity capital markets. "This is an important step in the development of our company as an international blue chip corporation."

"We believe RusHydro's decision to join the OTCQX platform is well-timed and will bring enhanced exposure to the company's profile," said Michael Cole-Fontayn, chief executive officer of BNY Mellon's Depositary Receipts business. "RusHydro is a global company and we look forward to continuing to help them raise awareness for their global brand through this newly enhanced DR program."

BNY Mellon acts as depositary for more than 2,100 American and global depositary receipt programs, acting in partnership with leading companies from 67 countries. With an unrivaled commitment to helping securities issuers succeed in the world's rapidly evolving financial markets, the company delivers the industry's most comprehensive suite of integrated depositary receipt, corporate trust and stock transfer services. Learn more at www.bnymellon.com/dr.

BNY Mellon (NYSE: BK) is a global financial services company focused on helping clients manage and service their financial assets, operating in 36 countries and serving more than 100 markets. BNY Mellon is a leading provider of financial services for institutions, corporations and high-net-worth individuals, providing superior asset management and wealth management, asset servicing, issuer services, clearing services and treasury services through a worldwide client-focused team. It has $21.8 trillion in assets under custody and administration and $1.0 trillion in assets under management, services $11.6 trillion in outstanding debt and processes global payments averaging $1.5 trillion per day. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation. Learn more at www.bnymellon.com.

This release is for informational purposes only. BNY Mellon provides no advice nor recommendation or endorsement with respect to any company or securities. Nothing herein shall be deemed to constitute an offer to sell or a solicitation of an offer to buy securities. Depositary Receipts: Not FDIC, State or Federal Agency Insured; May Lose Value; No Bank, State or Federal Agency Guarantee.

SOURCE BNY Mellon