Ruric Year - End Report 2011

  * Net turnover for 2011 amounted to SEK 40.6 m (36.3). In the fourth quarter
    the turnover was SEK 10.9 m (9.2).
  * The result after tax amounted to SEK -38.1 m (47.4). In the fourth quarter
    the result after tax amounted to SEK -36.8 m (-5.7). The negative result is
    directly attributable to the effects caused by the coupon payment on the
    corporate bond in November. Indirectly, it is caused by the high leverage.
  * Changes in the value of investment properties amounted to SEK 92.8 m (24.6)
    and in the value of project properties amounted to SEK -38.9 m (37.6). The
    net effect was SEK 53.9 m (62.2).
  * Earnings per share amounted to SEK -0.37 (0.76) during 2011. In the fourth
    quarter earnings per share amounted to SEK -0.35 (-0.05)
  * Book value of the properties amounts to SEK 911.8 m (669.1). The significant
    book value increase in the fourth quarter derives mainly from the conversion
    of the Strelna land plot from financial asset to property.

Russian Real Estate Investment Company AB (publ)

For additional information
Adam Fischer, CEO
Phone    +46 8 509 00 101
email    afischer@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 at First North is Erik Penser Bankaktiebolag.


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