Rosinter Posted 6.8% YoY Growth of Consolidated Net Operating Revenue

OREANDA-NEWS. June 10, 2011. OJSC Rosinter Restaurants Holding (Rosinter), the leading casual dining restaurant chain in Russia and CIS (RTS and MICEX ticker: ROST), announces its trade update for May 2011. The release is published at www.rosinter.com.

May 2011 Highlights

In May 2011 consolidated net operating revenue[1] increased by 6.8% in ruble terms as compared to the same period of previous year.

Gross revenue of comparable stores grew in May 2011 by 1.5% driven by 4.3% average check growth and 2.6% decrease in traffic.

Corporate network expanded by 2 new restaurants.

Sergey Beshev, President and CEO, commented:

"In May our consolidated operating revenue increased by 6.8% which was supported by 4.3% growth of average check in comparable stores. This dynamic of average check was driven by price increases that we implemented in previous months. The gradual approach to pricing allows us to pass inflationary pressure on to consumers and to increase operating margins. This policy resulted in some short-term decline in traffic, and also May sales were affected by national holidays in Russia and economic crisis in Belarus. The process of finding an optimal balance between average check and number of transactions might take several months, and average check increase will remain a key driver of sales growth. At the same time, we think that traffic rebound will also give positive impact on operating revenue dynamic in 2011."

Unaudited operating revenue includes only total net sales of corporate restaurants and canteens and does not include revenue from franchise operations and other revenue items.

Calculation is based gross sales data (including VAT) for the pool of mature restaurants, which had operated for 18 months as of 1 January 2011.