21 December 2012

R.G.I. INTERNATIONAL LIMITED

R.G.I. INTERNATIONAL SELLES ITS ZEMLIANOY DEVELOPMENT FOR $6 MILLION

Further to the announcement of 15 November 2012, R.G.I. International Limited ("RGI" or the "Company"), the AIM listed developer of quality residential and commercial properties in Moscow and the surrounding areas, today announces that it has sold its rights to develop the Zemlianoy hotel project ("Zemlianoy") for a total cash consideration of US$6.0m.
RGI has held the project for development since 2006. The Company received an investment contract renewal for the Zemlianoy project from the Urban State Committee at the end of 2011 and planning approval was subsequently received in H1 2012.
The disposal of this central Moscow hotel project is in line with the Company's strategy of focusing its activities on the development of large scale residential projects.

About RGI

RGI is a property development and management company focusing on quality residential properties within Moscow and the surrounding areas.
RGI is recognised for creating exceptional properties. Great care is taken in choosing the right sites, in central Moscow and the surrounding areas, for both high-end and economy class residential, leisure and retail properties. Our finished properties are characterized by high quality finish and exceptional design. RGI's management has been developing property in Moscow since the early 90s and the Company has been listed on the AIM market of the London Stock Exchange since December 2006.
For more information go to www.rgi-international.com

Enquiries: RGI

Alan Hibbert, Chief Financial Officer +7 495 933 6180
Anna Chin, Head of Marketing and PR
Lazard & Co. Limited - Financial Adviser
Patrick Long +44 (0) 207 187 2000
Nick Fowler

Citigate Dewe Rogerson - Financial PR Adviser

Tom Baldock +44 (0) 20 2889 7282
Jos Bieneman

Shore Capital - Nominated Adviser

Anita Ghanekar +44 (0) 207 408 4090
Edward Mansfield

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