19 December 2012

R.G.I. International Limited

UPDATE RE: TSVETNOY CENTRAL MARKET

Further to the Company's statement on 7 December 2012, the Board announces that all discussions regarding a potential sale of the Tsvetnoy Central Market department store ("Tsvetnoy") have now ended.
While the sale process, which was first announced on 29 July 2011, attracted interest from several different parties, the Board has now determined that it is in the best interests of the Company, its shareholders and the Tsvetnoy store itself for the process to be brought to a close.
RGI will now continue to operate and develop the store. As the Company announced in its recent Q3 trading update, Tsvetnoy has continued to improve its performance during 2012, recording Q3 2012 sales of RUR 622m (US$21.4m), up 54% compared to Q3 last year. Total store sales for the first three quarters of 2012 were RUR 1.8bn (US$57.9m), 80% higher than in the first nine months of the previous year.
An update on trading for Q4 2012 will be provided early in the New Year.

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 7638 9571
Joscelyn Bieneman

Shore Capital - Nominated Adviser

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

distributed by