OREANDA-NEWS. November 3, 2011. Joint Stock Company “Open Investments” (JSC “OPIN” or the “Company”) (BLOOMBERG: RTS - OPIN.RU; MICEX - OPIN.RM), one of the leading real estate developers in Russia, today announces about successful loan restructuring with Rosbank.

As a result of restructuring the current interest rate of 11% decreased to 9% and the Company negotiated a more attractive repayment schedule with over 50% of principal repayment amount postponed till 2012-2013 instead of October 2011.

Restructuring of the Company’s loan portfolio, which as of 30.06.2011 amounted to USD 300 million is an important part of OPIN’s new strategy. The Company earlier this year successfully managed to achieve better terms for loans from Raiffeisen Bank in the amount of USD 36 million in May 2011 and VTB Bank Deutschland AG in the amount of USD 49 million in June 2011.