RURIC AB agrees preliminary term sheet for the restructuring of its Bond Loan

Press Release
June 4, 2013


RURIC AB agrees preliminary term sheet for the restructuring of its Bond Loan

On  4 June 2013, the  Board of  Directors (the  "Board") of  Russian Real Estate
Investment  Company AB (publ)  ("Ruric") agreed a  preliminary term sheet on the
restructuring  of the  existing bond  loan issued  by Ruric (ISIN: SE0003045848)
with  a total nominal  amount outstanding of  SEK 619,750,000 (the "Current Bond
Loan")  divided into 6,197,500 bonds (the "Current Bonds") with the Bondholders'
Committee,   which  had  been  commissioned  to  negotiate  with  Ruric  by  the
bondholders' meeting held on 6 May 2013.

Preliminary Terms of the Restructuring

According  to  the  preliminary  term  sheet,  Ruric,  in  consideration for the
cancellation of the Current Bond Loan, will (i) divest the shares of the holding
companies of certain of its property portfolio to a newly created Swedish orphan
company   (i.e.,  a  company  set  up  by  a  third  party  entity,  such  as  a
trust/foundation)  ("PropCo"), and (ii) issue new  B shares in its share capital
to PropCo. PropCo will in turn issue bonds to the holders of the Current Bonds.

Disposal of the Property Companies

The  Swedish limited liability  companies RURIC Chetire  AB, RURIC TRI AB, RURIC
DVA  AB and  PD Finance  AB and  their respective  subsidiaries OOO Ruric 2, OOO
Ruric  3, OOO Ruric 4 and  OOO Strelna Development  (each a "Property Company"),
holding  the  office  properties  known  as  "Gustaf",  "Magnus" and "Oscar" and
Strelna  land plot will  be sold to  PropCo by way  of a transfer  of the entire
share  capital of RURIC Chetire AB, RURIC TRI AB, RURIC DVA AB and PD Finance AB
along  with all claims  any remaining Ruric  Group Company may  have against the
transferred companies.

Share Issue

In  addition, Ruric will make  a directed issue to  PropCo of such number of new
class  B shares as  will, following the  new issue, represent  20% of the entire
issued share capital of Ruric.

Issue of new Bonds by PropCo

PropCo  will issue new bonds to the holders of the Current Bonds in exchange for
their  Current  Bonds.  The  terms  of  the  new  PropCo  bonds  are still to be
finalized.

Cancellation of the Current Bonds

In  consideration of the Property Companies and claims being transferred to, and
the Ruric B shares being issued to, PropCo, the Current Bonds will be cancelled.

Further Steps

A number of corporate and bondholders' actions will be required to carry out the
proposals contained in the preliminary term sheet, including:

  * Bondholders'  meetings to approve the term sheet and agree to exchange their
    Current Bonds; and
  * Shareholders' meetings to approve the sale of the Property Companies and the
    issue of the new Class B shares.

Further details regarding such meetings will be announced and published on the
Company's website.



For additional information:

Tatiana Ottestig, CEO
Tel.: +7 (812) 309-78-95
E-mail: tottestig@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.

Besides its property management, RURIC AB establishes the realty agency, which
services are based on the cutting edge mobile application, and introduces the
system analyzing visitors traffic at business and trade centers prepared by the
partners. This method has no parallels and is suggested as a part of the
consulting offer for office and retail property owners.

Beyond that, the company is already 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. These services apply to the property of different
return, from €100,000 to 6% per annum.

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


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