Ruric's new share issue fully subscribed

(Thomson Reuters ONE) -


NOT FOR DISTRIBUTION TO USA, CANADA, JAPAN, HONG KONG, NEW ZEELAND, AUSTRALIA OR
SOUTH AFRICA

June 4, 2010


Ruric's share issue with pre-emption rights to the shareholders is the last part
of the company reorganization that was initialized in November 2009, and will
enable payment of the composition dividend in the composition that was resolved
by the district court of Stockholm. The company can now focus on carrying out
the planned changes in the property portfolio and enhance the assets.

In the current share issue with subscription rights to the shareholders
22,657,196 shares have been subscribed for, which equals 39.9 per cent of the
offered shares with subscription rights. In addition, subscription of 1,076,501
shares without subscription rights have been subscribed for, which in total adds
up to 41.8 percent. The guarantee syndicate will therefore subscribe for
33,081,783 share or 58.2 percent of the total share issue.

The number of shares of class B will increase by 56,815,480 and the share
capital by SEK 113,630,960. After the share issue and the off-set share issue to
certain creditors, the share capital will amount to SEK 208,297,110 and the
number of outstanding shares will amount to 104,148,555.

The composition dividend is estimated to be paid out when the share issue has
been registered with the Swedish Companies Registration Office, which is
estimated to start on or about 10 June 2010.

Russian Real Estate Investment Company AB (publ)

For further information

Craig Anderson, CEO

Tel +7 812 703 35 50 (St. Petersburg)

Tel +46 8 509 00 100 (Stockholm)

E-mail craig(at)ruric.com


web www.ruric.com

ABOUT RURIC
Ruric's business strategy is to manage real estate in the centre of St
Petersburg. In addition Ruric shall also acquire real estate and implement value
creating additional investments at attractive conditions. Through professional
management and good tenant relations spaces of high class are offered to tenants
looking for possible spaces in central locations willing to pay for it. Ruric
offers primarily office- and retail premises.



Ruric's Certified Advisor on First North is Erik Penser Bankaktiebolag



[HUG#1421702]





Press release (PDF): http://hugin.info/141656/R/1421702/370940.pdf

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Datum: 04.06.2010 - 13:02 Uhr
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