OREANDA-NEWS  On 08 October was announced, that RTM Group published information letter.
In view of certain publications in mass-media concerning an alleged default by the RTM Group on payment of a loan obtained from Alfa Bank under a loan agreement the RTM Group considers it necessary to state that, at the end of 2007 it drew down a US USD 10.5 million loan, with the "Demidovsky" shopping centre (Tula) as collateral, carrying a market value of USD 19.6 million according to Colliers International Valuation Report as at June, 30th, 2008. The loan is due to mature on November 6th, 2012.

The RTM Group has made in full and on time repayments in strict conformity with the terms of the loan agreement, and in view of the above facts the RTM Group considers that an early repayment of the loan as requested by Alfa Bank is unreasonable. The RTM Group will make its decision as to acceleration of repayment of the loan or assertion of its rights through a court procedure, once it has received a copy of the Alfa Bank claim and has considered all legal aspects of the matter.