RPG Hires Amsterdam & Peroff to Defend its Fundamental Rights in the Czech Republic

PRAGUE, December 9 - In the context of a legal dispute in which RPG, a company owning more
than 44 thousand apartments in the Czech Republic, defends its fundamental
rights against an assault by the Czech Parliament, RPG announces the
appointment of law firm, Amsterdam & Peroff. This firm is known
internationally for defending companies and individuals against the State
when the State departs from the Rule of Law.

The firm will serve as counsel to the company following political attacks
launched by certain members of Parliament in response to a recent
privatisation audit. The audit, by BDO Prima Audit s.r.o, dated 20th November
2009 which addressed the situation of former State-owned residential
properties, ruled in RPG's favor, determining that group has fulfilled its
contractual obligations under the terms of a privatisation agreement.

On 3rd December 2009 the lower house of the Czech Parliament passed two
Resolutions. The first stated that the private international investor, the
European company RPG Industries, breached the privatization agreement
contract to which it is a party, while the second recommended that the
government of the Czech Republic take measures to prevent RPG Industries from
enjoying the use of its own property in the Czech Republic.

These Parliamentary Resolutions are the latest chapter in an ongoing
campaign of defamation and harassment against RPG conducted in the run up to
the Parliamentary elections.

Mr. Robert Amsterdam, the founding partner of Amsterdam and Peroff, says
that the Parliament's hostile offensive is groundless and politically
motivated.

"This questionable conduct of certain Members of Parliament, in violation
of constitutional precepts, should be a source of concern for Czech civil
society," said Amsterdam, referring to the Parliamentary Resolutions which in
his view, "make legal findings, without a prior hearing, contrary to the
facts and well outside the scope of Parliament's proper purview. What is
happening is an embarrassment for a modern, democratic, Rule of Law State of
the European Union."

Amsterdam & Peroff will assist RPG and its principals in developing an
appropriate response to the campaign which has been waged against them. In
doing so Amsterdam & Peroff will assess State compliance with EU and
International norms.

Information for the media:

The real estate group RPG Real Estate was established in the
middle of 2006 as a result of the transformation of the mining company OKD,
a.s. The property and activities related to real estate were incorporated
into RPG Real Estate. Today, under the brand RPG Real Estate is included the
companies RPG Byty, RPG RE Commercial, RPG RE Land, RPG RE Management and RPG
Sluzby, which is under combined ownership with the company OKIN GROUP, a. s.
The Group today owns and manages significant property, including residential
properties, commercial space, commercial buildings, hotel complexes, hotels
and extensive land, primarily in the Moravian-Silesian region.

    For further press enquiries, please, contact:

    Petr Handl, Director of External Affairs,
    RPG Real Estate,
    Mobile: +420-724-941-419,
    e-mail: phandl@rpgre.eu

For further press enquiries, please, contact: Petr Handl, Director of External Affairs, RPG Real Estate, Mobile: +420-724-941-419, e-mail: phandl at rpgre.eu .