OREANDA-NEWS. April 12, 2012. 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 signing of a loan agreement between OPIN’s subsidiary Stroy Group LLC with OJSC Rossiysky Capital in the total amount of RUR 2.3 billion for a total term ending 10 December 2014. Annual interest rate on the credit facility is 13.5% in Russian rubles with quarterly installments.

The facility is collateralized by real estate and land plots in Pavlovo residential community belonging to Stroy Group LLC and Pestovo residential community belonging to Pestovo LLC as well as by guarantees from Pestovo LLC and JSC OPIN.

The funds are planned to be used to finalise the construction of the Company’s current projects – Pavlovo, Pestovo and Martemyanovo and for the development of new projects in multi-storey segment, which OPIN is about to launch in 2012.