Credit Rating for Bonds

3 December 2014

MirLand Development Corporation plc

("MirLand" or the "Company")

Maalot S&P has placed MirLand's Series A, B, C and D Bonds on Credit Watch Negative

MirLand, one of Russia's leading residential and commercial property developers, announces that Standard & Poor's Maalot, a subsidiary of Standard & Poor's Rating Services, the credit rating agency, has placed MirLand's Series A, B, C and D Bonds ilBBB+ on a local Israeli scale on Credit Watch Negative due to the economic crisis in Russia. 

For further information, please visit www.mirland-development.com, or contact: