The addendum agreement on Moika / Glinky is now signed.


Press release 10-01-2012

Ruric has previously communicated that the parties have agreed on the wording in
the addendum to the investment agreement regarding Moika/Glinky. The agreement
has been completed and is now signed by all parties.


Russian Real Estate Investment Company AB (publ)

For additional information
Adam Fischer, CEO
Phone                 +46 8 509 00 101
email                   adam@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.

[HUG#1576487]

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