RURIC: LLC Glinki 2 filed a claim on the investment contract cancellation


PRESS RELEASE / October 29, 2012



LLC Glinki 2 filed a claim on the investment contract cancellation

LLC  Glinki 2, a  Ruric group  company, filed  a claim  against the  Ministry of
Defence  with the  request to  cancel its  investment contract  regarding Moyka-
Glinki complex where the Military Transport University was located. Hearing date
is appointed on November, 9, 2012.
The  final  purpose  of  the  case  filing  is either changing of the investment
contract  conditions, or getting  more stable rights  on property development or
compensation of expenses.


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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LLC Glinki 2 filed a claim on the investment contract cancellation.pdf