RESOLUTIONS AT EXTRAORDINARY GENERAL MEETING OF RUSSIAN REAL ESTATE
INVESTMENT COMPANY AB

(Thomson Reuters ONE) - Press release 05-11-2008On 5 November 200a general meeting was held in Russian Real EstateInvestment Company AB. At meeting, it was resolved - in accordancewith proposal from the board of directors - to give the board ofdirectors mandate to resolve to issue convertible loans and to adoptnew articles of association, implying that the number of votes perclass A share will be reduced from 10 to 4 votes per share and aresolution to issue shares, warrants or convertibles with deviationfrom the shareholders' preferential rights will require a majority ofat least three quarters of the votes cast as well as the sharesrepresented at the meeting.At the following discussion, Nils Nilsson, chairman of the board ofdirectors, explained that if the current offer is not completed, thecompany will increase its efforts to sell the project properties,which will decrease the possibilities to reach market prices.Russian Real Estate Investment Company AB (publ)For additional informationNils Nilsson, chairman of the Board of DirectorsPhone +41 22 534 95 42e-mail: nils(at)ruric.comCraig Anderson, CEOPhone: +7 812 703 35 50,e-mail: craig(at)ruric.comweb: www.ruric.comRuric's business concept is to acquire, develop, manage, let anddivest real estate in St Petersburg, Russia, with a focus oncommercial premises of the highest quality in the best locations thatcan thereby contribute positively to the business of the tenants. Thecompany has the vision of becoming a leading real estate company incentral St Petersburg.The strategy is to identify real estate with great potential in thecentral parts of St Petersburg, create suitable acquisitionstructures and acquire at the best price. After renovations,commercial premises of the highest class are offered to tenants thatare looking for the best possible premises in the best locations andare willing to pay for it.Ruric's certified advisor on First North is Erik PenserBankaktiebolaghttp://hugin.info/141656/R/1353018/327634.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.

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Bereitgestellt von Benutzer: hugin
Datum: 05.11.2009 - 16:09 Uhr
Sprache: Deutsch
News-ID 7994
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