Interim Report January - June 2010

Press release 19-08-2010
·     Net turnover for the interim period amounted to SEK 16.6 m (23.5). For the
second quarter the turnover amounted to SEK 8.6 (8.7) m.

·     The result after tax amounted to SEK 76.3 m (-463.7). The main reasons to
the improved result are explained by value changes in the property portfolio in
the comparative period and by composition gain. For the second quarter the
result after tax amounted to SEK 113.6 m (-57.7).

·     Earnings per share amounted to SEK 4.00 (-40.81) for the interim period
and to 4.23 (-5.08) for the second quarter.
·     During the second quarter, the company reorganization was completed
through a composition dividend and issuing of new shares and bonds. The
composition gain amounted to SEK 113.8 m.
·     Book value of the properties amounts to SEK 674.7 m (607.8). The increase
is explained both by a small increase in value and by exchange rate effects. The
low liquidity in the market for real estate transactions still makes assessment
difficult.
Russian Real Estate Investment Company AB (publ)

For additional information
Craig Anderson, CEO
Phone         +7 812 703 35 50              (St. Petersburg)
phone          +46 8 509 00 100              (Stockholm)
email          craig@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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