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30 March 2009

  R.G.I. International Limited

  Notification of major interests in shares

R.G.I. International Limited ('RGI' or the 'Company') the AIM-listed developer of high-end properties in Moscow, announces that it received on 26 March 2009 a formal notification from Morgan Stanley, that as of 24 March 2009, it had an interest in 13,041,102 shares representing 10.36% of the issued share capital of the Company.

This interest is comprised of the following holdings:

Morgan Stanley Securities Limited ('MSSL') holds 2,365,503 shares (1.88%)

SSF III Father Holdings Limited ('SSF III') holds 10,675,599 shares (8.48%)

Both MSSL and SSF III are members of the Morgan Stanley group of companies. Those group companies which are direct or indirect holding companies of MSSL are, under the terms of section 823 of the Companies Act 2006, each interested by attribution in any shares in which MSSL is interested.

Ends

Enquiries to:

R.G.I. International Limited                                     +972 3 777 87 00

Emanuel Kuzinets, Director

Citigate Dewe Rogerson - Financial PR Advisers                   +44 20 7282 2889

Tom Baldock

                          

Shore Capital - Nominated Adviser                                + 44 20 7408 4090

Pascal Keane

ENDHOLURUKRKUROORR