OREANDA-NEWS. September 30, 2009. The offer proposal of Joint Stock Company “Open Investments” (JSC “OPIN” or the Company) for purchasing the Domnikov Business Center by its two major shareholders ONEXIM Group LLC and Holding Company Interros (ZAO) has expired. After reviewing the offer proposal neither of the shareholders expressed their interest to purchase the business center.

The offer proposal to purchase the Domnikov Business Center that is currently under construction was made to ONEXIM Group LLC and Holding Company Interros (ZAO) in July 2009. Originally the offer expiration date was on August 10th, but in accordance with the request of ONEXIM Group LLC the expiration date was extended to one month.

According to the terms of the proposal each of the two shareholders ONEXIM Group LLC and Holding Company Interros (ZAO) was offered to acquire 50% of the building area of the “Domnikov” project. The commercial conditions of the offer were identical for either of shareholders.

Sergey Bachin, General Director of JSC “OPIN”, commented:

“We are still interested in selling this asset that is financed by 250 mln credit facility- the largest credit obligation of OPIN with Sberbank. The selling of project “Domnikov” fully corresponds to the existing market strategy of our company. Therefore, despite the lack of interest from the major shareholders, we continue to considering various options to sell the project on market terms”.

The Business Center with a total building area of 132,000 sqm located in Moscow on Prospect Akademika Sakharova currently is in the final phase of its completion. To this date the inspection works of the engineering systems and lift equipment have been started, the interior finishing and adjacent area improvement works are in progress.

The loan facility under the pledge of “Domnikov” was issued by Sberbank for a nine years term in June 2008. The servicing of the loan, excluding the repayment of principal debt is approximately USD 30 mln. per year and the cost of completing the project is approximately USD 80 mln.