RAV.L Regulatory News (RAV)

Raven Russia Limited ("Raven Russia" or the "Company")

Acquisitions

The Board of Raven Russia is pleased to announce two acquisitions close to Moscow.

A subsidiary of the Company has signed contracts to acquire a 45,237 square metres completed grade A warehouse at Sholokhovo, on Dmitrov Shosse to the North of Moscow from a fund managed by Fleming Family and Partners for a consideration of $49.75m. The property is let to two tenants, Kuehne + Nagel and Perekrestok (part of X5 Retail) on leases expiring in 2017 and 2015 respectively. The income for the next 12 months is $5.85m giving an initial yield of 11.75%. The property has an existing $20.15m debt facility until 2021 at a margin of 6.5% over US libor. Therefore the equity requirement is $29.6m.

In a separate transaction a subsidiary of the Company has signed contracts to acquire 38ha of zoned development land at Padikovo, on the Nova Riga Shosse, to the north west of Moscow for $23m. The Company intends to construct up to 200,000 square metres of new warehousing on the site, subject to obtaining detailed consents, tenant demand and development funding. Discussions with a potential bank are already in progress for development finance.

Glyn Hirsch, Chief Executive of Raven Russia said: "Sholokhovo is well located Grade A warehouse in Moscow, with two strong tenants. The acquisition will be earnings enhancing from day one and is partly funded by an attractive long term debt facility. The Padikovo development will allow us to increase the size of our Moscow portfolio by over 20% in a location close to our existing Istra project where we know tenant demand is strong".

Enquiries

Raven Russia Limited Tel: + 44 (0) 1481 712955

Anton Bilton

Glyn Hirsch

Cardew Group Tel: + 44 (0) 207 930 0777

Tim Robertson

Alexandra Stoneham

Singer Capital Markets Limited Tel: +44 (0) 203 205 7500

Corporate Finance- James Maxwell

Sales - Alan Geeves / James Waterlow

About Raven Russia

Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange with a market capitalisation of approximately £350 million. The company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1.2 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website: www.ravenrussia.com