OREANDA-NEWS. March 26, 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 the decision of the Board of Directors to recommend the acceptance of the mandatory tender offer from ONEXIM HOLDINGS LIMITED as of 02.03.2012 to purchase 2,561,569 ordinary shares or 16.8% of the OPIN total stock. The Boad of Directors finds the announced price of the offer of 534 rubles 96 copecks per share to be justified and corresponding to the weighted average price for the last six months of trade on the open market prior to filing the mandatory offer by ONEXIM HOLDINGS LIMITED with the Federal Markets Authority of Russia on 02.03.2012.

Shareholders willing to sell their shares on the basis of the mandatory tender offer must submit their applications to CJSC “Computershare Registrar”. The application form, terms, instructions and the content of the mandatory tender offer are available on the corporate web-site at www.opin.ru in “Investor relations” section” under sub-section “Information for Shareholders”.