Change in number of shares and votes in RusForest

5/31/2012 2:53 AM EST

RusForest AB
Changes in share capital and votes

Change in number of shares and votes in RusForest

Stockholm, 2012-05-31 08:53 CEST (GLOBE NEWSWIRE) -- 

The recently completed rights issue in RusForest AB (publ) (“RusForest” or the
“Company”) has entailed an increase in the number of shares and votes in the
Company as follows: 

Before the rights issue there were 95,807,694 shares in RusForest,
corresponding to 95,807,694 votes. Through the rights issue, the number of
shares and votes in the Company increased by 383,230,776. After the rights
issue, the total number of shares and votes in RusForest amounts to
479,038,470. 

The shareholding structure of the Company following the rights issue is as set
out in the table below. 



Shareholder                   Number of Shares  Shareholding (%)
Vostok Nafta                       140,826,045             29.4%
East Capital funds                  51,350,615             10.7%
Alecta Pensionsförsäkring           46,047,450              9.6%
JP Morgan Clearing Corp.            30,818,596              6.4%
Morgan Stanley & Co LLC.        25,788,091              5.4%
Avanza Pension                      17,396,625              3.6%
SSB CL Omnibus AC                   15,453,976              3.2%
Lillevrå Såg AB                     11,835,000              2.5%
Staffan Rasjö                        9,989,720              2.1%
Goldman Sachs & Co.              9,921,023              2.1%
Others                             119,611,329             25.0%
TOTAL                              479,038,470            100.0%





For further information please contact:

Martin Hermansson, CEO, phone: +7 903 015 64 65, +7 985 921 92 32

or

Mia O’Connor, Investor Relations, phone: +46 8 771 85 00






About RusForest AB (publ)

RusForest is a forestry and sawmilling company operating in Eastern Siberia and
the Arkhangelsk region of Russia. The Company controls long term forest leases
with an annual allowable cut of approximately 3.6 million m³, and utilizes
these resources to produce a wide range of sawnwood products. Eastern Siberia
is renowned for its pine and larch of exceptional quality, while the
Arkhangelsk Region in northwest Russia has high quality spruce and pine forests
similar to those found in northern Sweden. 

RusForest's goal is to develop into a leading independent integrated forestry
and sawmilling company in Russia with an annual harvesting of 2.7 to 2.9
million m³. The Group's total sawmilling capacity, which is currently
approximately 415,000 m³, is expected to, following completion of on-going
investments; gradually increase to 500,000 to 550,000 m³ of sawnwood. There is
significant potential (of up to 800,000 to 850,000 m³ of sawnwood) within the
maximum allowable harvesting. 

RusForest AB's Certified Adviser on First North is Pareto Öhman AB.