Ruric's ongoing new share issue - English prospectus and addendum prospectus is published

Addendum prospectus due to typing error in the prospectus
Today, Russian Real Estate Investment Company AB (publ) ("Ruric") has
published an addendum to the prospectus that was published by Ruric on 10 May
2010 ("the Prospectus"). This Swedish addendum prospectus ("the Addendum
prospectus") has been submitted due to an erroneous statement on page 21 in the
Registration document saying that approximately 45,000 sq.m. of a total of
95,000 sq.m. of the Moika/Glinki building space should be transferred to the
state at no charge, according to the undertakings in the Moika/Glinki investment
agreement. The correct wording should be as follows:

The undertakings stipulate, inter alia, to construct not less than 95,000 sq.m.
of building space in the area and transfer approximately 4,500 sq.m. to the
state at no charge.

The Swedish Addendum prospectus is available at Ruric's website, www.ruric.com,
and at HQ Bank's website, www.hq.se. For a copy of the Swedish Addendum
prospectus, please contact HQ Bank at tel. +46 8 700 00 99.

English prospectus
The English translation of the Prospectus is now available at Ruric's website,
www.ruric.com, and at HQ Bank's website, www.hq.se. For a copy of the English
translation of the Prospectus, please contact HQ Bank at tel. +46 8 700 00 99.

Right to cancellation pursuant to the Swedish Financial Instruments Trading Act
Investors that have announced or in any other way have approved to buy or
subscribe for the securities comprised of the new share issue, has the right to
cancel their registration or approval within five working days from the release
of the Swedish Addendum prospectus, i.e. until 28 May 2010. Cancellation has to
be done in writing to HQ Bank or, should the subscription been made to a
trustee, to the trustee. A form for cancellation of subscription for
shareholders with directly registered shares is available on Ruric's website,
www.ruric.com and HQ Bank's website, www.hq.se, and can be ordered from HQ Bank
at tel.
+46 8 700 00 99. Non-cancelled subscriptions will remain valid and no additional
measures have to be taken.
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@ruric.com <mailto:craig@ruric.com>
web                     www.ruric.com <http://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




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