Admission and Listing of New Preference Shares

26 June 2012

RAVEN RUSSIA LIMITED

("Raven Russia" or the "Company")

Listing of 48,414,250 New Preference Shares

Completion of the Acquisition of Pushkino Logistics Park

Raven Russia is pleased to announce that the 48,414,250 New Preference Shares issued pursuant to the Placing and Open Offer announced on 30 April 2012, have been admitted to the Official List and to trading on the Main Market of the London Stock Exchange this morning. Completion of the acquisition of Pushkino Logistics Park is expected to occur shortly.

The New Preference Shares rank pari passu with the Existing Preference Shares. However, they are initially trading under the ticker "RUP2" with ISIN number GG00B5Q2YY60 for the period up to (and including) 30 June 2012, to reflect their Preference Dividend entitlement to the close of business on 29 June 2012 which will accrue from today. The ex-date and record date in respect of the Preference Dividend on the New Preference Shares is today. From 8 a.m. on 2 July 2012, the New Preference Shares will trade together with the Existing Preference Shares under the ticker "RUSP" with ISIN number GG00B55K7B92.

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About Raven Russia

Raven Russia was founded in 2005 to invest in class A warehouse complexes in Russia and lease to Russian and International tenants. Its Ordinary Shares, Preference Shares and Warrants are listed on the Main Market of the London Stock Exchange with a market capitalisation of approximately GBP350 million. The company operates out of offices in Guernsey, Moscow and Cyprus and has to date completed a portfolio of circa 1 million square metres of Grade "A" warehouses in Moscow, St Petersburg, Rostov-on-Don and Novosibirsk. For further information visit the Company's website: www.ravenrussia.com