OREANDA-NEWS. November 9, 2012. Joint Stock Company “Open Investments” (JSC “OPIN” or the “Company”) (BLOOMBERG: MICEX - OPIN.RM), one of the leading real estate developers in Russia, today announces signing of a loan agreement with OJSC MOSCOW CREDIT BANK in the total amount of USD 50 million for a total term ending 30 October 2015. Annual interest rate on the credit facility is 10.6%.

The funds are planned to be used to finance current working capital needs and new investment projects.

The facility is collateralised by guarantees from some of the Company’s operating entities.