Completion of Acquisition

27 June 2012

RAVEN RUSSIA LIMITED

("Raven Russia" or the "Company")

Completion of the Acquisition of Pushkino Logistics Park

Following the announcement on 26 June 2012, the board of Raven Russia is pleased to confirm that the acquisition of Pushkino Logistics Park has now completed.

Enquiries:

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 GBP350 million. The company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1 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