RURIC: Ruric receives Moika-Glinki investment contract cancellation

PRESS RELEASE / November 23, 2012



Ruric receives Moika-Glinki investment contract cancellation

On  November 20, 2012 Ruric Management received a notification from the Ministry
of  Defence cancelling the Moika-Glinki Investment contract. The cancellation is
done without arbitration.
The  document received  does not  mention compensation  for investment expenses.
Ruric  Management has asked  for arbitration at  Arbitral Court of Moscow. First
hearing will be December 10, 2012.



For additional information

Ingvar Ljungqvist, CEO
Phone       +46 8 509 001 01
Email           iljungqvist@ruric.com


Web             www.ruric.com


ABOUT RURIC

Ruric's  business  strategy  is  to  manage  real  estate  in  the  center 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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