The District Court of Stockholm has decided to initiate a composition proceeding and that the creditors´ meeting during the composition proceeding will take place at the court on March 26, 2010 at 13.30. Russian Real Estate Investment Company AB (publ) For further information Roland Sundqvist, attorney/administrator, G Grönberg Advokatbyrå, phone +46 8 614 49 64, e-mail: roland.sundqvist@gronberg.se <mailto:roland.sundqvist@gronberg.se> Craig Anderson, CEO Phone +7 812 703 35 50 (St. Petersburg) Phone +46 8 509 00 100 (Stockholm) e-mail craig@ruric.com <mailto:craig@ruric.com> ABOUT RURIC Ruric's business concept is to acquire, develop, manage, lease out and divest real estate assets in St. Petersburg, Russia, offering top-quality commercial premises in the best locations, thus contributing to the successful business performance of its tenants. The company's vision is to become a leading real estate company in central St. Petersburg. The company's strategy is to identify high-potential real estate in the city centre of St. Petersburg, structure appropriate deals and acquire at best price. After renovation top-notch commercial space is offered to tenants seeking the best possible premises and that are willing to pay for such premises. Ruric's Certified Advisor on First North is Erik Penser Bankaktiebolag [HUG#1390861]
Decision on compulsory composition proceedings
| Source: Russian Real Estate Inv. Company AB
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