RURIC AB Board of Directors accepted the resignation of current CFO Mr. Denis Savinkin

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| Source: Russian Real Estate Inv. Company AB
Press Release
December 12, 2013



RURIC AB Board of Directors accepted the resignation of current CFO Mr. Denis
Savinkin

Denis Savinkin has resigned from his position as CFO of Ruric. The new CFO has
not been appointed yet. Board of Directors has started recruiting campaign and
is currently assessing several candidates who's capabilities will able to match
high standards required by Ruric. Denis Savinkin will be fully accessible during
the transition period. We will publish a separate press release as soon as the
new CFO is appointed.



For additional information:

Tatiana Ottestig, CEO
Tel.: +7 (812) 309-78-95
E-mail: tottestig@ruric.com
Web: www.ruric.com



About company:

RURIC AB (Russian Real Estate Investment Company AB (publ) (reg. No.
556653-9705, Hovslagargatan 5 B, SE-111 48 Stockholm)) is a company with Swedish
capital, operating in St.Petersburg commercial real estate market since 2004.

The company is dealing with the investment projects coordination, local and
national market approach consulting, valuation and property trust services. Real
estate portfolio construction and management services are also included.

RURIC's Certified Advisor at First North is Erik Penser Bankaktiebolag

[HUG#1749669]