R.G.I. International Limited : R.G.I. International - Update re: Potential offer for Tsvetnoy

Friday 20 November 2012

R.G.I. International Limited UPDATE RE: POTENTIAL OFFER FOR TSVETNOY

On 24 September 2012, RGI International ("RGI or "the Company") stated in its half year result announcement that it remained in discussions with a number of parties in relation to the potential sale of its Tsvetnoy Central Market ("Tsvetnoy") department store in central Moscow. Discussions have been ongoing since that time, however further to recent movement in the Company's share price, RGI can confirm that it has now entered more detailed negotiations regarding a potential sale. There can be no certainty that a sale of Tsvetnoy will be concluded and the Company will make a further announcement as appropriate.
Enquiries: RGI
Alan Hibbert, Chief Financial Officer [phone]
Anna Chin, Head of Marketing and PR
Lazard & Co. Limited - Financial Adviser
Patrick Long [phone]
Nick Fowler
Citigate Dewe Rogerson - Financial PR Adviser
Tom Baldock [phone]
Jos Bieneman
Shore Capital - Nominated Adviser
Anita Ghanekar [phone]
Edward Mansfield