Update on Ruric court cases

Press Release
July 17, 2013


Update on Ruric court cases

On July 17, 2013 Ruric subsidiaries had two court hearings in Russia.

Court hearing on Moika - Glinki case is being postponed.
At  the request of the defendant  Moscow Arbitration Court postponed the hearing
on  compensation of claim  from LLC Glinki  2 to the Ministry  of Defence of the
Russian  Federation  until  September  11, 2013. The  Ministry of Defence of the
Russian  Federation had no position for the case so they requested extra time to
study  the case  materials. Representatives  of the  Ministry of  Defence of the
Russian  Federation informed Ruric  that amicable agreement  is not possible and
they  will use the time to prepare their objections to challenge the full amount
of   the   claim.  The  Court  has  asked  the  parties  to  prepare  the  final
clarifications on the claim and objections to the claim by September 11, 2013.

Litera LLC has again won the case against AUIPIK.
On July 17, 2013 Litera LLC (Ruric 50% owned company) won the court of appeal to
set-off  the incurred  capital expenses  for restoration  of the building at the
Fontanka  57 lit. A in the amount of  RUB 84 mln against rental payments for the
use  of the  building under  the lease  agreement with  the Russian governmental
agency  AUIPIK. This fact allows LLC Litera to effectively off-set future rental
payments since August 2013.


For additional information:

Denis Panovitsin, CEO of Ruric Management LLC
Tel: +7 (812) 309-78-95
E-mail: dpanovitsin@ruric.com
Web:  www.ruric.com


About company:

RURIC AB (Russian Real Estate Investment Company AB (publ) (reg. No.
556653-9705, Hovslagargatan 5 B, SE-111 48 Stockholm)) is a company with Swedish
capital, operating in St. Petersburg commercial real estate market since 2004.

The company is dealing with the investment projects coordination, local and
national market approach consulting, valuation and property trust services. Real
estate portfolio construction and management services are also included.

RURIC's Certified Advisor at First North is Erik Penser Bankaktiebolag



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