RURIC AB Board of Directors has appointed new CFO Mr. Anton Savostin

| Source: Russian Real Estate Inv. Company AB
Press Release
February 3, 2014

RURIC AB Board of Directors has appointed new CFO Mr. Anton Savostin

We are pleased to announce that effective immediately Mr Anton Savostin will
take up the position as new CFO of Ruric. Mr Savostin is a graduate in
Accounting and Audit from the St. Petersburg State University of Economics and
Finance with a background with Deloitte. He was acting as a financial manager in
Ruric since August 2013, and prior to this as a deputy CFO of the retail company
Spektrgroup, a St. Petersburg subsidiary of AS Watson Group. Mr Savostin is 31
years old, native from St Petersburg and speaks English fluently.

For additional information:

Tatiana Ottestig, CEO
Tel.: +7 (812) 309-78-95

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