RusForest Appoints Financial Advisor

9/20/2012 2:05 AM EST

RusForest AB
Company Announcement

RusForest Appoints Financial Advisor

RusForest AB (publ) (“RusForest” or the “Company”) (NASDAQ OMX: RUSF), a
Swedish forestry company with operations in Russia, announces the appointment
of Pareto Öhman AB (“Pareto”) as financial advisor to explore potential
strategic and financial alternatives. 

Stockholm, 2012-09-20 08:05 CEST (GLOBE NEWSWIRE) -- 

As previously disclosed, the Company is taking steps to address operational and
financing challenges. As part of this process, the Board of Directors has
appointed Pareto as financial advisor to explore potential alternatives that
create value for the Company’s stakeholders. 



About RusForest

RusForest is a publicly-traded Swedish forestry company operating in eastern
Siberia and the Arkhangelsk region of Russia. The Company controls
approximately 3 million hectares of timber through long-term leases with an
annual allowable cut (“AAC”) of approximately 3.6 million cubic meters. 
RusForest owns five sawmills in close proximity to its forest leases and is
self-sufficient in raw material to produce more than 400,000 cubic meters per
year of sawnwood products. 

RusForest is listed on NASDAQ OMX Stockholm First North (ticker symbol “RUSF”).
 RusForest’s largest shareholder is Vostok Nafta Investment Ltd, which owns
approximately 29 percent of the Company’s shares. 

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

For additional information, please visit the Company’s website at
www.rusforest.com or contact: 

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