OREANDA-NEWS. September 12, 2011. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurants chain in Russia and CIS (RTS and MICEX ticker: ROST), announces its financial results for first half of 2011 prepared in accordance with IFRS. The Company's unaudited interim condensed consolidated financial statements for first half of 2011 reviewed by independent auditor are posted on our web page at www.rosinter.com.

FIRST HALF 2011 HIGHLIGHTS

•           Consolidated Net Revenue increased by 8.0% vs. 1H 2010 to RUB 5,069 mln

•           Gross profit amounted to RUB 908.2 mln, for a gross margin of 17.9% vs. 23.7% in 1H 2010

•           Operating losses amounted to RUB 263.9 mln vs. operating profit of RUB 292.9 mln in 1H 2010

•           EBITDA[1] amounted to minus RUB 57.2 mln vs. RUB 490.9 mln in 1H 2010

•           EBITDA before Impairment provisions amounted to RUB 133.9 mln vs. RUB 486.5 mln in 1H 2010

•           Net loss (including impairments) amounted to RUB 321.5 mln vs. Net profit of RUB 111.1 mln in 1H 2010

•           Net debt increased by 6.5% to RUB 1,219 mln with Net debt/EBITDA (12M Rolling) of 2.5x reflecting EBITDA contraction in 1H 2011

Hugh Carroll, acting President and CEO, commented:

"In first half of 2011 consolidated revenue of Rosinter increased by 8.0% as compared to the same period of prior year and amounted to 5,069 million rubles. This was driven by 4.3% growth of sales in comparable stores and an increased contribution of recently opened restaurants. Same store sales growth was influenced by price increases. Our new pricing policy and cost control actions resulted in a reduction of food and beverage, payroll and SG&A expenses in 2Q 2011 as compared to the first quarter of the year. Gross profit margin increased to 18.6% in second quarter as compared to 17.2% in first quarter of 2011. At the