CORRECTION: RBM Group buys Commercial Property from Linstow Center Development in Riga

Correction made: Added information about the purchase price.  


R.B. Management Group (RBM) announced the acquisition by its retail property    
concern Apex Investments SIA (Apex) of a commercial property in Purvciems, a    
suburb of Riga, Latvia. The subject of the purchase is the well-established     
“Minska Centrs,” anchored by Rimi Latvia.  The seller was Linstow Center        
Development AS and the property had been operated by "Linstow Center Management"
SIA.   RBM represented Apex in the transaction.  A final purchase price of EUR
4.075 million was agreed, which was paid in full on 4 June, 2008. 

Commenting on the purchase, Jerry Wirth, partner of RBM, said “We are happy to  
see another asset under the Apex umbrella, and feel confident of the cash flow  
we have added to our portfolio even amidst the difficulties of the current      
market.  It was a pleasure working with Linstow, and we are particularly pleased
to have acquired yet another asset with the anchoring tenant of the quality of  
Rimi.”                                                                          

With the new acquisition, Apex Investments owns ten supermarkets, DIY and       
shopping centres in Latvia.  Its investments focus on well-located assets with  
quality anchor tenants including Rimi Baltic and SuperNetto.  It has a          
subordinated debenture listed on the Riga Stock Exchange.  Facilities management
services for all of its properties are provided by R.B. Management SIA.         

“It was enjoyable working with RBM, with a feeling of competence and            
organization during the deal, and we are confident in RB Management's ability to
further manage the center,” says Frode Grønvold, Linstow Center Management SIA  
Chairman of the Board.  “For Linstow this divestment follows our strategy of    
exiting properties we consider as fully developed and focus our attention       
towards larger development projects”, added Mr. Grønvold.                       

                                     -End-                                      





For further information, please contact:                                        
Apex: Matt Mežinskis                                                            
Telephone: +371 67333504                                                        
E-mail: matt@rbm.lv                                                             


About R.B. Management Group:                                                    
The RBM Group is a closely held real estate investment and development concern  
that has been investing in Baltic real estate since 1995. During this time, RBM 
has acquired a wealth of experience in acquisitions, sale leasebacks, structured
finance and development. With a dedicated and professional staff, RBM has grown 
their business from a single asset into a diversified portfolio including       
supermarkets, DIY, office buildings, leisure properties, and logistics          
developments. Their major tenants include Rimi Latvia, Supernetto, K Rauta,     
Ernst & Young, IF, Olympic Casinos, TNS, and L'Oreal. In addition, RBM provides 
facilities management services to group companies, and to outside clients.