Stockholm, 3(rd) May, 2012 Ruric clarifies certain issues asked for by the bondholders. As has been previously communicated Ruric has agreed with its partner in the Fontanka 57 property, Scorpio Real Estate ltd, to buy out Scorpio from the project. The transaction requires the bondholders' consent because the debt is restructured and secured by a pledge in the target company's shares. The transaction was previously disapproved by the bondholders, who required certain additional information. This information is now published on the company's website and will be sent to each bondholder by mail. Adam Fischer, CEO of Ruric, says that "obtaining the full ownership of the company holding Fontanka 57 is one of the keys to turning Ruric around. Only then can we attract new investors to the project and transform Fontanka 57 to an income-producing asset. We need the bondholders to approve the transaction before we hold the Annual General Assembly, because we are concerned that afterwards the counterparty will refuse from the transaction." For any additional information, please contact: Adam Fischer, VD Ruric Tel          +46 8 509 00 101 email web 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. Press Release Bondholder Eng: Bondholder Notice: This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Russian Real Estate Investment Company via Thomson Reuters ONE [HUG#1608742]