OREANDA-NEWS. On July 09, 2008 Razgulay Group OJSC (the "Company"), one of the largest vertically integrated agro-industrial companies in the Russian Federation, announced that the price for the public offering ("Offering") of its ordinary shares ("Shares") shall be in the amount of USD 7,75 per Share, reported the press-centre of Razgulay Group.

The Company currently expects to issue approximately 30 million additional ordinary shares, subject to payment for the Shares by shareholders exercising their pre-emptive rights. Shareholders of the Company exercising preemptive rights must pay for the shares they have subscribed for on or before 16 July 2008.

The Company intends to use the proceeds from the Offering to finance its growth plans for the business and repay part of its outstanding indebtedness and, in particular, to fund potential acquisitions of agricultural land, to fund selected acquisitions, to acquire agricultural machinery and to modernize production and processing facilities.

The Company’s shares are admitted to trading and were listed on the quotation list "B" on the Russian Trading System (RTS) on 16 February 2006, and on the Moscow Interbank Currency Exchange (MICEX) on 13 March 2006 under the ticker symbol “GRAZ”.

J.P. Morgan Securities Ltd. and Renaissance Capital acted as Joint Global Coordinators and Joint Bookrunners for the Offering.