RURIC: Ruric Publishes Interim Report for January - September 2012

PRESS RELEASE / November 30, 2012


Ruric Publishes Interim Report for January - September 2012

 The main items of the Interim Report are:

  * Net turnover in third quarter was SEK 9.8 m (9.4). For nine months it
    amounted to SEK 30.2 m (29.7).
  * The result after tax was -180.6 m (8.7). For nine months it amounted to SEK
    -331.7 m (-1.3).
  * Earnings per share amounted to SEK -1.73 (0.08) in the quarter. For nine
    months it was SEK -3.18 (-0.01). The weakness is due mainly to revaluation
    of development projects.
  * Vacancy rate in the three business centres continued to decline. As of 30
    September it was 6.1 (12.6) per cent.
  * The valuation of properties was adjusted to SEK 609.9 m (911.8) in Q3 on the
    basis of new valuation performed by CBRE as of 30 June 2012.



 Russian Real Estate Investment Company AB (publ)



For additional information



Ingvar Ljungqvist, CEO

Phone         +46 8 509 001 01

Email           iljungqvist@ruric.com



Denis Savinkin, CFO

Email           dsavinkin@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#1661842]