Agent has issued notice to convene Written Procedu

Press Release October 10, 2013 NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR TO THE UNITED STATES, AUSTRALIA, HONG KONG, JAPAN, CANADA, SWITZERLAND, SOUTH AFRICA OR NEW ZEALAND OR IN ANY OTHER JURISDICTION WHERE THE DISTRIBUTION OF THIS PRESS RELEASE WOULD BE UNLAWFUL. Agent has issued notice to convene Written Procedure and published Information Memorandum Pursuant to a notice dated 10 October 2013 (the "Notice"), CorpNordic Sweden AB (the "Agent") has convened a procedure in writing (the "Written Procedure") of the holders (the "Bondholders") of the outstanding 10%/13% 2010/2014 bond loan issued by Russian Real Estate Investment Company AB (publ) ("Ruric" or the "Company") with ISIN SE0003045848 and with an outstanding total nominal amount of SEK 619,750,000 (the "Bond Loan"), divided into 6,197,500 individual bonds (the "Bonds"). The purpose of the Written Procedure is to allow Bondholders to vote on their approval of Ruric's proposal to the Bondholders (the "Proposal"). In summary, Ruric proposes that all outstanding Bonds together with accrued but unpaid interest thereon (the "Accrued Interest") are exchanged, in whole but not in part, on a pro rata basis for the entire share capital of St Petersburg Property Company AB, a public limited liability company incorporated in Sweden with registration number 556911-8275 ("SPPC"), (i) which through its subsidiaries will own certain properties and (ii) to which Ruric will issue 26,037,139 Class B shares of Ruric (the "New Shares") representing 20 per cent. of the total share capital of Ruric following the issue of the New Shares. After the Bonds have been exchanged as set out above, the Bonds will be considered fully redeemed and will be immediately cancelled. In connection with the issue of the Notice to convene the Written Procedure, the Agent has also made available to the Bondholders an information memorandum (the "Information Memorandum"). The Information Memorandum sets out in detail the Proposal and the execution thereof (the "Restructuring"). The Information Memorandum can be accessed through the Company's website: http://ruric.com/eng/investors/meetings/. Ruric's shareholders should be aware that the Restructuring is conditional upon the approval of the Bondholders. Ruric will issue a notice to attend an extraordinary general meeting of the shareholders of Ruric today, which is to decide on whether the Restructuring is approved by Ruric's shareholders. 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 [HUG#1734694]