OREANDA-NEWS. February 27, 2010. OJSC “Rosinter Restaurants Holding” (“Rosinter” or the “Company”), the leading casual dining restaurants chain in Russia and the CIS, announces that the offer price (the “Offer Price”) for a secondary offering (the “Offering”) by RIG Restaurants Limited (the “Selling Shareholder”) of the Company’s ordinary shares (the “Shares”) has been set at USD  10.5 for each Share.

The Offering comprises 2,619,048 Shares, representing approximately 21.8% of the issued and outstanding Shares at the time of the Offering, and a total offer size of USD  27.5 million before fees and expenses. Following completion of the Offering, the Company will, subject to receiving the required shareholder and regulatory approvals, proceed with its capital increase by issuance of new shares by way of an open subscription under Russian law (the “New Shares”). The Selling Shareholder will use all of its net proceeds from the Offering to subscribe and pay for New Shares offered in the open subscription.

Assuming all of the New Shares offered in the open subscription are issued, the New Shares will represent approximately 26.2% of the Company's enlarged share capital.

Rosinter intends to use the proceeds of the capital increase primarily for debt reduction, business development and other general corporate purposes.

The Shares are listed on the Russian Trading System Stock Exchange ("RTS") and the Moscow Interbank Currency Exchange ("MICEX") under the ticker symbol “ROST”.

Commenting on the Offering, Sergey Beshev, the President and Chief Executive Officer of the Company, said:

“We are very enthusiastic with the outcome of the Offering in which more than 50 institutional investors demonstrated strong interest in our business. A wider shareholders base and an increase of our free float will generate enhanced liquidity of our shares. This capital increase will allow us to strengthen our leadership in the rapidly developing casual dining market in Russia and the CIS by taking advantage of macro recovery and further growth opportunities“.

Renaissance Capital acted as the Sole Bookrunner of the Offering.