Ruric select to pay 3 per cent coupon at first coupon payment date


Press release 19-10-2011

The Board of Directors of Ruric has resolved to pay the first bond coupon due
16 November 2011 according to Interest Rate B as defined by the terms of the
Bond, and thus pay 3 % in cash and 10% by issuing new bonds.


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.

[HUG#1556084]

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