Rosinter Restaurants Today Announced 2009 Audited Financial Results and 1Q 2010 Unaudited Financial Results

Not for Release, Publication or Distribution in the United States, Australia, Canada or Japan

MOSCOW, May 25, 2010 -

    2009

      2009 RUBLE REVENUE AT 2008 LEVEL AS A
      RESULT OF STRONG FOCUS ON DRIVING GUEST
      TRAFFIC AND WIDER BASE OF RESTAURANTS

      NET DEBT REDUCED to 2.97x EBITDA BY END
      2009 AND REBALANCED TO THE LONG-TERM

    1Q 2010

      1Q 2010 REVENUE INCREASED 12.8% BACKED
      BY POSITIVE SSSG DYNAMICS AND A WIDER
      RESTAURANTS PORTFOLIO

      BACK TO PROFITABILITY WITH NET PROFIT
      MARGIN AT 1.3% OF REVENUE

OJSC Rosinter Restaurants Holding (Rosinter), the leading
casual dining restaurants chain in Russia and CIS (RTS and MICEX ticker:
ROST), announced today its audited financial results for the full year ended
December 31, 2009 and its unaudited financial results for the first quarter
of 2010. The full versions of the press releases and the financial statements
for 2009 are published at www.rosinter.com.

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

    2009 Highlights [1][2]

    - Net sales almost flat year-on-year at RUR 8,342 mln or declined 21.8%
      in US$ terms to US$ 263.0 mln (including devaluation effect of
      approximately 21.6%).
    - Gross Profit amounted to RUR 2,222 mln or US$ 70.0 mln, for a gross
      margin of 26.6%.
    - Operating Profit amounted to RUR 331 mln or US$ 10.4 mln, for an
      operating margin of 4.0%.
    - EBITDA amounted to RUR 736 mln or US$ 23.2 mln, for an EBITDA margin of
      8.8%.
    - Net losses decreased by 44.5% to US$ 8.4 mln in 2009 in comparison to
      net losses of US$ 15.2 mln in 2008.
    - Gross debt decreased by 12.0% to US$ 72.7 mln (RUR 2,200 mln) leading
      to a Net Debt/EBIDTA of 2.97x as at 31 December 2009 in comparison with
      3.95x as at 31 December 2008.

    1Q 2010 [3] Highlights

    - Net sales increased by 12.8% to RUR 2,266 mln.
    - Gross Profit at RUR 564 mln, for a gross margin of 24.9% in 1Q 2010
      compared with 23.8% in 1Q 2009.
    - Operating Profit at RUR 149 mln, for an operating margin of 6.6% in 1Q
      2010 compared with -0.4% in 1Q 2009.
    - EBITDA amounted to RUR 247 mln, for an EBITDA margin of 10.9% in 1Q
      2010 compared with 4.6% in 1Q 2009.
    - Net profit at RUR 30 mln, for a Net profit margin of 1.3% in 1Q 2010
      compared with net loss of RUR 175 mln in 1Q 2009
    - Gross debt decreased by 24.4% to RUR 1,664 mln. leading to a Net
      debt/EBITDA of 1.64 (on a 12-month rolling basis)

Sergey Beshev, President and CEO, commented:

"In 1Q 2010 we are already delivering on our promise to return
to profitability as a result of a stronger guest traffic to our network. So
far in 2010, in the organizational front we have incorporated new talent to
our top management team in Finance, Victor Shlepov Chief Financial Officer,
and in Business development, Michael Beacham Chief Development Officer. We
have also initiated the major steps of our internal reorganization that
follows best practices in our industry, which will incorporate more efficient
processes and lead gradually to an optimization of our support services. In
2010, we will continue building the team and processes needed in the future
to keep our leadership in our markets and benefit from the ongoing economic
recovery taking advantage of growth opportunities together with our franchise
partners.

"We tested in 2009 the stability and flexibility of our
business model which showed that we can both deliver growth and provide the
right responses to changing market conditions. We were able to keep our
revenue in ruble terms at similar levels to 2008, we continued to expand our
restaurant chain and accelerated the development of our franchising system in
2009. At the same time, we implemented successful marketing strategies and
menus to drive traffic to our restaurants, cut costs and reduced our total
borrowings while improving the structure of the debt portfolio significantly.

"As a result, amid a sharp contraction in consumer demand and
deterioration in overall economic conditions, we successfully strengthened
our leading position in the restaurant market last year, and we reconfirmed
our ability to provide guests with a great dining experience at the right
place and on an unrivalled scale in our core markets. We already had the
right business platform in place before the crisis, and I am pleased to say
that it delivered."

Victor Shlepov, CFO, commented:

"In 1Q 2010, following the successful first step of our SPO we
have been able to reduce our debt and benefit substantially from the
decreasing trends in interest rates in Russia. I want to highlight two
ongoing projects that should provide sustainable enhancements to our
profitability. In 2010 we will be centralizing many functions that are
currently provided locally by our hub city structure, with positive impact in
SG&A, and we will be reducing the number of our Russian legal entities which
will allow us to have a lower effective tax rate. Both projects are natural
steps at this stage and compare favorably with the approach of Russian
retailers.

"Few comments on 2009: In a very challenging environment where
the Company faced a drop in Same Store Sales in ruble terms, Ruble
devaluation and a very tough credit environment, our net cash from operating
activities increased 29.1% to US$ 26.0 mln, EBITDA increased 19.5% to US$
23.2 mln, and Net losses reduced 44.5% to US$ 8.4 mln, in dollar terms in
comparison with 2008. As at 31 December 2009, we had also decreased our debt
portfolio by 12.0% and improved its maturity profile with short-term debt
accounting for 53.1% of the portfolio in comparison to 95.5% as of end 2008.

"Looking ahead into 2010, we believe that we are very well
positioned to benefit from market recovery and growth opportunities. So far,
we have observed a continuing positive trend in our Same Store Sales and a
substantial decrease in loan interest rates and, following the initial step
of our Secondary Public Offering, we have also been able to reduce our debt
by US$ 16.0 mln to US$ 56.7mln as at 31 March 2010. From second half 2010 we
will be launching an active, although very selective corporate development."

Note to Editors:

As at 30 April 2009 OJSC Rosinter Restaurants Holding is the
leading casual dining restaurant company in Russia and CIS, which operates
354 outlets, including 95 franchised restaurants in 39 cities in Russia, CIS
and Central Europe, including Baltic countries. Rosinter's core cuisines are
Italian, Japanese and American which are delivered under its proprietary
brands IL Patio and Planet Sushi and its licensed brand T.G.I Friday's,
respectively. The company also develops Russian cuisine under proprietary
brand 1-2-3 Café and licensed brand Siberian Crown. Also through a Joint
Venture with Whitbread Plc the company is currently developing the Costa
Coffee chain in Russia, (20 coffee shops). 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.

———————————

[1] The Group reclassified discounts received from suppliers from
marketing revenue to cost of sales as compared to the presentation in the
2008 consolidated financial statements. See Note 3 of Financial Statements"
Basis of Preparation of Financial Statements - Change in Accounting Policy
and Disclosures".

[2] Ruble amounts are based on the management accounts calculated using
average US$/RUR exchange rates of 31.7231 and 24.8553 in 2009 and 2008,
respectively.

[3] Unaudited

    Investors and analysts enquiries:
    Amin Muci
    Head of Investor Relations
    Ilya Nemirovskiy
    Deputy Head of Investor Relations
    E-mail: ir@rosinter.ru
    Tel.: +7-495-788-44-88 ext. 2108, 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: Amin Muci, Head of Investor Relations, Ilya Nemirovskiy, Deputy Head of Investor Relations, E-mail: ir at rosinter.ru , Tel.: +7-495-788-44-88 ext. 2108, 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.