RusForest AB publishes its 2011 Annual Report

4/19/2012 5:11 AM EST

RusForest AB
Annual report

RusForest AB publishes its 2011 Annual Report

Stockholm, 2012-04-19 11:11 CEST (GLOBE NEWSWIRE) -- 

RusForest AB's ("RusForest" or the "Company") 2011 Annual Report is as of today
available for download from the Company's website: www.rusforest.com. 

A printed version can be ordered by telephone +46 8 771 85 00; by fax +46 8 545
015 54; or by e-mail:  . 

The annual general meeting of shareholders will be held at 3:00 p.m. on
Thursday, 10 May 2012 at 7A Konferens on Strandvägen 7A, Stockholm, Sweden. 

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 350,000 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.