PRESS RELEASE / August 24, 2012 Ruric engages Alfa-Bank as an external consultant to support restructuring After several attempts to reach the amicable agreement with bondholders regarding the existing deadlock in the company's financing and restrictions imposed by the bondholders agreement, Ruric decided to involve an external consultant to assist in that matter. Ruric engaged Alfa-Bank into the work related to restructuring on the Ruric bond. Alfa-Bank being a reputable investment institution has a significant experience related to problematic debt instruments and the Russian property sector. For additional information Ingvar Ljungqvist, CEO Phone +46 8 509 001 01 Email iljungqvist@ruric.com Denis Savinkin, CFO Email dsavinkin@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 ABOUT ALFA-BANK Founded in 1990, Alfa-Bank is a full-service bank operating in most sectors of the financial market, including retail and corporate lending, investment banking, trade finance and asset management. Alfa-Bank is Russia's largest private bank in terms of total assets, total equity, customer accounts and loan portfolio. According to its audited IFRS financial statements for the full year 2011, the Alfa Banking Group, which comprises OJSC Alfa-Bank as well as its subsidiary banks and financial companies, had total assets of $31.4 bln, gross loans of $23.2 bln, and total equity of $3.4 bln. Net profit after tax for 2011 amounted to $641 mln. The Alfa Banking Group's corporate and retail client base has grown considerably over the last several years: as of January 1, 2012 Alfa-Bank Group serves around 55,800 corporate and 6.3 mln retail customers, while the branch network consists of 465 offices across Russia and abroad, including a subsidiary bank in the Netherlands and financial subsidiaries in the United States, the United Kingdom and Cyprus. [HUG#1636183]
Ruric engages Alfa-Bank as an external consultant to support restructuring
| Source: Russian Real Estate Inv. Company AB
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