Rosinter Reports First Half 2010 Results

By Rosinter Restaurants Holding, PRNE
Wednesday, September 22, 2010

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN

MOSCOW, September 23, 2010 - OJSC Rosinter Restaurants Holding (Rosinter), the leading
casual dining restaurants chain in Russia and CIS (RTS and MICEX ticker:
ROST), announced today its financial results for the first half of the year
ended June 30, 2010 prepared in accordance with IFRS. The Company's unaudited
interim condensed consolidated financial statements for first half 2010 are
posted on our web page at www.rosinter.com.

(Photo: www.newscom.com/cgi-bin/prnh/20090129/336260 )

    FIRST HALF 2010 HIGHLIGHTS

    - Net sales increased by 16.9% to RUB 4,692 mln in first half of 2010 as
      compared to RUB 4,012 mln in the same period in 2009
    - Gross profit amounted to RUB 1,124 mln, for a gross margin of 23.9% as
      compared to 23.5% in first half of 2009
    - Operating profit amounted to RUB 293 mln, for an operating margin of
      6.2% as compared to 3.8% in first half of 2009
    - EBITDA amounted to RUB 491 mln, for an EBITDA margin of 10.5% as
      compared to 8.9% in first half of 2009
    - Net profit amounted to RUB 111 mln, for a net profit margin of 2.4% as
      compared to net losses in first half of 2009
    - Gross debt decreased by 15.7% to RUB 1,855 mln, leading to a Net
      debt/EBITDA of 1.89x as at 30 June 2010 in comparison with 2.97x as at
      31 December 2009
    - Operating cash flow before one-off investments in working capital
      increased 36.7% to RUB 295 mln in first half of 2010

Sergey Beshev, President and CEO:

"In line with our strategy of delivering profitable growth, in
the first half of 2010 we posted net revenue of 4,692 million rubles which
represents a 16.9% y-o-y growth. We also improved our EBITDA margin and
posted a net profit of 111 million rubles.

In 2010 we continue developing our corporate network with a
highly focused strategy in combination with the robust expansion of our
franchise network. By end of first half of 2010 we had already opened 8
corporate and 10 franchise restaurants and had under construction 12
corporate and 20 franchise outlets which openings are planned for this year
and early next year. Simultaneously, at restaurant level, we have been
investing in modern equipment and upgrading the décor as part of our brand
evolution initiatives. This will allow us to maintain our brands' leading
competitive position.

We made several steps to strengthen our management team in the
first half of the year. We incorporated team members with international
experience in our industry and, in order to reinforce our team's strong
commitment to achieving company's goals, we implemented a new compensation
program which also includes a stock-based incentive component for key members
of the team".

Victor Shlepov, CFO:

"Following our successful SPO, we reduced our debt level by
15.7% to 1,855 million rubles and reduced our average interest rate by 6%
which will give us substantial savings on the cost of financing. In order to
secure access to long-term financing our Company has registered on MICEX a
bond issue for a nominal amount of 1,500 million rubles and as an additional
step we have committed to a long-term corporate credit rating regular
process, which led recently to a "B-" rating initiation by Standard&Poor's
with stable outlook. Also I would like to highlight the increase in
analytical coverage of our stock which combined with a wider post-SPO free
float have positive impact on our shares liquidity".

Note to Editors:

As at 31 August 2010 OJSC Rosinter Restaurants Holding is the
leading casual dining restaurant company in Russia and CIS, which operates
359 outlets, including 104 franchised restaurants in 40 cities in Russia, CIS
and Central Europe, including Baltic countries. The Company offers Italian,
Japanese, American and Russian cuisine under its proprietary brands IL Patio,
Planet Sushi and 1-2-3 Cafe and its licensed brands T.G.I. Friday's and
Sibirskaya Corona. Also through a Joint Venture with Whitbread Plc the
company is currently developing the Costa Coffee chain in Russia (26 coffee
shops). Rosinter reported consolidated revenues of RUB 8.340 million, in
accordance with audited IFRS accounts, for the twelve months ended 31
December 2009
. Rosinter Restaurants Holding is listed on RTS
(www.rts.ru) and MICEX (www.micex.ru) under the stock tickers
ROST.

Cautionary note concerning forward-looking statements

Some information in this review may contain "forward-looking
statements" which include all statements other than statements of historical
fact. Such forward-looking statements can often be identified by words such
as "plans", "believes", "anticipates", "expects", "intends", "estimates",
"will", "may", "continue", "should" and similar expressions. Such
forward-looking statements involve known and unknown risks, uncertainties and
other important factors beyond the Company's and/or its Management control
that could cause the actual results, performance or achievements of the
Company to be materially different from future results, performance or
achievements expressed or implied by such forward-looking statements. Such
forward-looking statements are based on numerous assumptions regarding the
Company's present and future business strategies and the environment in which
the Company will operate in the future. By their nature, forward-looking
statements involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future. These
forward-looking statements speak only as at the date as of which they are
made, and the Company and/or its Management does not intend and has no duty
or obligation to supplement, amend, update or revise any of the
forward-looking statements contained herein to reflect any change in the
Company's and/or its Management expectations with regard thereto or any
change in events, conditions or circumstances on which any such statements
are based. The information and opinions contained in this review are provided
as at the date of this review and are subject to change by the Company's own
discretion without notice of any kind and form.

    Investors and analysts enquiries:
    Ilya Nemirovskiy
    Head of Investor Relations
    Alexey Teslo-Danilov
    Investor Relations
    E-mail: ir@rosinter.ru
    Tel: +7-495-788-44-88 ext. 2574

    Press enquiries:
    Valeria Silina
    PR director
    Ekaterina Razina
    Press-secretary
    E-mail: 2pr@rosinter.ru
    Tel: +7-495-788-44-88 ext. 2676

Investors and analysts enquiries: Ilya Nemirovskiy, Head of Investor Relations, Alexey Teslo-Danilov, Investor Relations, E-mail: ir at rosinter.ru, Tel.: + 7-495-788-44-88 ext. 2574, Press enquiries: Valeria Silina, PR director, Ekaterina Razina, Press-secretary, E-mail: 2pr at rosinter.ru, Tel.: +7-495-788-44-88 ext. 2676

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