– RUSSIA / GUERNSEY – R.G.I. International Limited, the AIM listed developer of quality residential and commercial properties in Moscow and the surrounding areas, today announces the appointment of Kevin Hennessey as a Non-Executive Director of the Company with immediate effect.

Kevin is a managing partner of K. Hennessey Associates LLC where he focuses on investment projects and advisory in Russia and Eastern Europe. He is also Non-Executive Chairman of three hedge funds: Drake Absolute Return Fund, Drake Global Opportunities Fund and Drake Low Volatility Fund which are run by Drake Management LLC and formerly two SEC regulated mutual funds. In addition, he is a member of the Board of Directors and senior advisor to the Council for Trade and Economic Cooperation Russia/USA and prior a trustee of the Cooke Foundation for (Special) Education and The Caedmon School.

Kevin previously spent twenty-two years at Credit Suisse, latterly in the Executive group as Chairman of the Global New Business Organization and Support Committee – Strategic Planning and Chairman of the Global Ethics Committee. Additionally, he was a member of the Public Banking Committee, the Global Credit Committee, and the Fixed Income Risk Management Committee. During his career at Credit Suisse he was co-head of the Municipal Securities / Public Finance Division and also headed up the Fixed Income Global Emerging Markets Group.

Kevin Hennessey has been appointed as a representative of Closed Joint-Stock Company Commercial Bank “Globex”, a substantial shareholder in the Company, and is therefore considered a Non-Independent Non-Executive Director.

About RGI

RGI has been successfully creating new markets in Moscow real estate since 1993. The Company’s innovative drive played a key role in the transformation of Moscow’s Golden Mile in the 1990s, when new landmark buildings were constructed that set the benchmark for modern living and working spaces in the rapidly changing Russian capital. Today the Company is focused on serving Moscow’s growing middle class professionals by building aspirational, design led, residential communities. Its pioneering Microgorod V Lesu project has set new standards for the Moscow residential sector by offering homebuyers a well configured development, with good facilities and apartments finished to a high quality. In addition to its distinctive residential properties, RGI developed, owns and operates Tsvetnoy Central Market, Moscow’s first iconic department store on Tsvetnoy Boulevard. The Company is listed on the LSE’s AIM market and has significant land holdings in central Moscow.

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