The Board of Directors of Russian Real Estate Investment Company AB (publ) extends the subscription period of its new issue of share with payment in kind

Press Release
March 24, 2014

Styrelsen i Russian Real Estate Investment Company AB (publ) förlänger
apportemissionens teckningsperiod
The Board of Directors of Russian Real Estate Investment Company AB (publ)
extends the subscription period of its new issue of share with payment in kind

Den   27 februari  2014 har  extra  bolagsstämma  tillika  andra  kontrollstämma
avhållits  i Russian  Real Estate  Investment Company  AB (publ)  ("Ruric" eller
"Bolaget").   Beslut  om  apportemission  av  aktier  fattades  i  enlighet  med
styrelsens förslag till apportemission. Enligt stämmobeslutet ska teckning av de
nya  aktierna ske senast  28 februari 2014. Stämman gav  dock styrelsen rätt att
förlänga   teckningstiden.  Styrelsen  har  den  28 februari  2014 beslutat  att
teckningsperioden  ska förlängas till och med 7 mars 2014.  Vidare har styrelsen
den  7 mars beslutat  att teckningsperioden  ska förlängas  till och med 14 mars
2014. Därutöver  har styrelsen  den 14 mars  beslutat att  teckningsperioden ska
förlängas till och med 21 mars 2014.
On  27 February 2014, an extraordinary general meeting as well as second meeting
for liquidation purposes has been held in Russian Real Estate Investment Company
AB (publ) ("Ruric" or the "Company"). A resolution on a new issue of shares with
payment  in kind was taken in accordance with the Board of Directors proposal on
a new issue of shares with payment in kind. In accordance with the resolution of
the  meeting, the new shares should be subscribed for not later than 28 February
2014. However,  the meeting granted the Board of Directors a right to extend the
subscription  period. The  Board of  Directors has  on 28 February 2014 resolved
that  the subscription period shall be extended to not later than 7 March 2014.
Further,   the  Board  of  Directors  has  on  7 March  2014 resolved  that  the
subscription  period  shall  be  extended  to  not  later than 14 March 2014. In
addition,  the  Board  of  Directors  has  on  14 March  2014 resolved  that the
subscription period shall be extended to not later than 21 March 2014.

Eftersom  den tid som krävs för  tillskjutandet av apportegendomen har visat sig
vara   längre   än  förväntat,  har  styrelsen  den  21 mars  2014 beslutat  att
teckningsperioden ska förlängas till och med 28 mars 2014.
As  the time necessary in order to contribute  the assets to be paid in kind has
turned  out to be longer  than expected, the Board  of Directors has on 21 March
2014 resolved  that the subscription period shall  be extended to not later than
28 March 2014.


For additional information:

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


About Ruric:

RURIC   AB   (Russian  Real  Estate  Investment  Company  AB  (publ)  (reg.  no.
556653-9705, Lindhagensgatan   94, SE-112 18 Stockholm))  is  a  public  limited
liability  company incorporated under  the laws of  Sweden, operating in the 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

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