OREANDA-NEWS. On 14 May 2008 OJSC Rosinter Restaurants Holding (Rosinter), the leading Casual Dining Restaurants Chain in Russia and CIS, announced its financial results for the full year ended December 31 2007, prepared in accordance with IFRS. The full version of the press release is posted on our web page at www.rosinter.com. The financial statements will be published later.

Rosinter’s management will host a conference call at 17:00 Moscow/14:00 London/ 9:00 New York time to review the Group's 2007 financial results. The slides of the presentation of the conference call will be available at our web page shortly before the call. There will be a Q&A session following the presentation. To join the call, please see the dial-in details at the end of release.

2007 financial highlights:
• 22.7% increase in Total Revenue
US\\$ 268.2 mln versus US\\$ 218.6 mln in 2006

• 25.3% increase in Casual Dining Operating revenue
US\\$ 236.0 mln versus US\\$ 188.3 mln in 2006

• 21.7% increase in Gross Profit
US\\$ 98.2 mln versus US\\$ 80.7 mln in 2006
Gross Margin changed to 36.6% in 2007 from 36.9% in 2006.

• 80.7% increase in Profit from operating activities
US\\$ 22.7 mln versus US\\$ 12.6 mln in 2006
Operating profit margin improved to 8.5% compared to 5.8% in 2006.
• 37.7% increase in Revised Adjusted EBITDA (unaudited)
US\\$ 38.8 mln versus US\\$ 28.2 mln in 2006.
Adjusted EBITDA margin grew to 14.5% in 2007 compared to 12.9% in 2006. • 665.9% increase in Net profit1
US\\$ 6.0 mln versus US\\$ 0.8 mln in 2006
Net profit margin reached 2.2% versus 0.4% in 2006
• 562.5% increase in Earnings per share
US\\$ 0.53 versus US\\$ 0.08 in 2006

Business highlights:

• On the back of our successful IPO, we substantially accelerated our development by delivering 30 net openings in 4Q 2007, for a total of 58 net openings for the year and 33.3% growth to 232 restaurants. We also built a strong pipeline that has already delivered 30 new openings in 2008 to date.

• Our SSSG has showed a positive trend during 2007 with a strong increase in 1Q 2008:

o 13.5% in US\\$ and 6.9% in local currencies in 2007 with 2.5% transactions growth;
o 16.9% in US\\$ and 8.3% in local currencies in 4Q 2007 with 4.8% transactions growth ; and
o 30.7% in US\\$ and 20.7% in local currencies in 1Q of 2008 with 12.9% transaction growth.

• Development:

o In 2007 we expanded our geographical coverage to South Russia with two openings in Rostov-on-Don, and we entered the Estonian market opening our 200th restaurant in Tallinn. We also set the stage for our expansion in early 2Q 2008 to the highly promising Polish market and to Astana and Atyrau in Kazakhstan.

o We expanded our franchise operation to the Russian regions and consolidated our Franchise Recruitment and Support team at corporate level to boost the rollout of our brands and to satisfy the increased demand of potential franchisees in Russian Regions and CIS. By end 2007, we already had 63 franchised restaurants which represented 27.2% of our network.

o At the year end we were operating 6 casual dining restaurants and 3 coffee-shops in Sheremetevo 2 (Moscow), Pulkovo airport (St. Petersburg) and Riga International Airport in Latvia, increasing our presence in airports in accordance with our strategy.

o We also signed a Joint Venture with Whitbread Plc on December 11th to develop the Costa Coffee chain in Russia which includes the re-branding of our existing Moka Loka coffee shops. Already, four months after signing, we have opened our first flagship Costa Coffee in Pushkin square in the center of Moscow in the Izvestia restaurant complex where we serve all our key-brands.

• In addition, by end 2007 we set up an enhanced pricing policy that allows for selective and more frequent price adjustments and menu changes in order to adequately address increasing fluctuation in food supply prices while keeping our mid-priced positioning and margins.

Ms. Lori Daytner, CEO commented:

“2007, our first year as a listed company, has been an exciting year for our team and has set the foundation for our accelerated growth and increased coverage in our wide geography. In 2007 we took two strategic decisions that had a positive impact in achieving our goals of increasing our loyal guests base and preparing our regional platform for a profitable and fast rollout of our core brands. We substantially increased our marketing investment in Russian regions and CIS and, in the fourth quarter, we decided to absorb food cost inflation, delaying our menu price adjustments till end year. Such delay had the double purpose of strengthening our mid-priced positioning in the mind of our guests and allowing us to set up a much more flexible process for frequent price and menu changes. This resulted in lower profitability in 2007 compared with our initial expectations but our strong SSSG (L-f-L) growth of 30.7% in US\\$ in 1Q 2008, with a 12.9% increase in number of transactions, shows that our strategy was appropriate and positions us well for the future”.