The energetics and mechanism of ligand exchange reactions in a range of molecular hydrogen complexes of Os(II), [Os(NH 3 ) 4 L z (η 2 -H 2 )] (z+2)+ (where L z ) C 5 H 5 N, CH 3 CN, NH 2 OH, NH 3 , (CH 3 ) 2 CO, H 2 O, CN -, CH 3 COO -, and Cl -), have been studied using quantum chemical methods. Density functional theory using the BLYP functional was employed to determine the gas phase equilibrium geometries and the binding energies of H 2 and the trans ligand L z . The effects of solvation on the energetics were estimated using two variants of the self-consistent reaction field method. Thermal enthalpy and entropy contributions were also calculated, resulting in theoretical estimates of standard free energy changes for the ligand exchange reactions [Os-(NH 3 ) 4 H 2 O(η 2 -H 2 )] 2+ + L z f [Os(NH 3 ) 4 L z (η 2 -H 2 )] (z+2)+ + H 2 O in aqueous solution which were compared with the available experimental data. A reasonable level of qualitative to semiquantitative agreement between theory and experiment is demonstrated, especially when L z ) Cl -, CH 3 COO -and (CH 3 ) 2 CO. In agreement with experiment, theory also predicts that [Os(NH 3 ) 4 CN(η 2 -H 2 )] + will hydrolyze, with H 2 O replacing H 2 as a ligand with the evolution of H 2 gas. The theoretical studies also suggest that ligand exchange in these systems takes place via an S N 1 type mechanism, e.g., with the formation of a loosely associated [Os(NH 3 ) 4 -(η 2 -H 2 )] 2+ and H 2 O as transition state. The computed free energy changes of activation are consistent with the experimentally deduced values.