Extraordinary general meeting has been held in Russian Real Estate Investment Company AB (publ)

10 januari 2014 Press Release January 10, 2014 Extra bolagsstämma har hållits i Russian Real Estate Investment Company AB (publ) Extraordinary general meeting has been held in Russian Real Estate Investment Company AB (publ) Den 10 januari 2014 har extra bolagsstämma hållits i Russian Real Estate Investment Company AB (publ) ("Ruric" eller "Bolaget"). Den extra bolagsstämman beslutade om minskning av Bolagets aktiekapital i enlighet med styrelsens förslag enligt följande villkor. On 10 January 2014, an extraordinary general meeting was held in Russian Real Estate Investment Company AB (publ) ("Ruric" or the "Company"). The extraordinary general meeting resolved on the reduction of the Company's share capital in accordance with the Board of Directors' proposal on the following terms. 1. Minskningsändamålet är täckning av förlust. The purpose of the reduction shall be to cover losses. 2. Aktiekapitalet ska minskas med 180 371 388 kronor. Efter att bolagsstämmans beslut registrerats kommer Bolagets aktiekapital att uppgå till 80 000 000 kronor. The share capital shall be reduced with SEK 180,371,388. After the resolution of the meeting has been registered, the Company's share capital will be SEK 80,000,000. 3. Minskningen ska genomföras utan indragning av aktier. Antalet aktier i Bolaget är 130 185 694 fördelat på 1 330 266 aktier av serie A och 128 855 428 aktier av serie B. Om bolagsstämman beslutar i enlighet med styrelsens förslag kommer aktiernas kvotvärde efter registrering av den föreslagna minskningen således att minska från 2 kronor till cirka 0,61450 kronor. The reduction shall be made without redemption of shares. The number of shares in the Company is 130,185,694 divided between 1,330,266 class A shares and 128,855,428 class B shares. If the meeting resolves in accordance with the Board of Directors' proposal, the quota value of the shares will be reduced from SEK 2 per share to approximately SEK 0,61450 per share after registration. Skälen för styrelsens förslag / The reasons for the Board of Directors' proposal Skälen för styrelsens förslag till minskning av Bolagets aktiekapital är för att skapa förutsättningar för att Bolagets eget kapital enligt den kontrollbalansräkning som upprättas för den andra kontrollstämman enligt 25 kap. 14 och 16 §§ aktiebolagslagen ska uppgå till minst det registrerade aktiekapitalet vid tiden för den andra kontrollstämma som ska hållas inom åtta (8) månader från den dag den första kontrollstämman hölls (den stämman hölls den 28 juni 2013). The reason for the Board of Directors' proposal to reduce the Company's share capital is to facilitate that the Company's equity in accordance with the liquidation balance sheet to be established for the second meeting for liquidation purposes in accordance with Chapter 25 Sections 14 and 16 of the Swedish Companies Act is more than the registered share capital at the time of the second meeting for liquidation purposes, which is to be held within eight (8) months from the date of the initial meeting for liquidation purposes (which was held on 28 June 2013). For additional information: Tatiana Ottestig, CEO Tel.: +7 (812) 309-78-95 E-mail: tottestig@ruric.com Web:  www.ruric.com About Ruric: RURIC AB (Russian Real Estate Investment Company AB (publ) (reg. no. 556653-9705, Lindhagensgatan 94, SE-112 18 Stockholm)) is a public limited liability company incorporated under the laws of Sweden, operating in the 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 Press Release - January 10, 2014 (.pdf file): http://hugin.info/141656/R/1753994/591748.pdf This announcement is distributed by GlobeNewswire on behalf of GlobeNewswire 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 GlobeNewswire [HUG#1753994]