Press Release: Eastern Property Holdings Limited (EPH) announces decision of the Moscow Appellate Court

Eastern Property Holdings Limited (EPH) / Eastern Property Holdings Limited (EPH) announces decision of the Moscow Appellate Court . Processed and transmitted by Nasdaq OMX Corporate Solutions. The issuer is solely responsible for the content of this announcement.

28 March 2016, Road Town, Tortola, BVI

Eastern Property Holdings Ltd announces decision of the Moscow Appellate Court

Please be informed that today the Moscow Appellate Court satisfied our appeal and cancelled the decision of the Moscow Arbitration Court of December 29, 2015 under which reduced FX rates shall be applied to payments under Hermitage Plaza lease agreement between a group entity of Eastern Property Holdings Ltd. and VimpelCom, a major lessee.

Our relationships with VimpelCom will continue to be governed by the original lease agreement under which official FX rates of the Russian Central Bank shall be applied. Please note that resolution of the Moscow Appellate Court has entered into legal force today. We would also note that VimpelCom may try to challenge that resolution in upper courts.

Eastern Property Holdings Ltd. is an investment company listed on SIX Swiss Exchange which holds interest in office, residential and retail properties. EPH is managed by Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG.

Additional information on Eastern Property Holdings is available by contacting Anna Bernhart Tel: +41 44 503 5400.

EPH - Decision of the Moscow Appellate Court : http://hugin.info/139905/R/1997733/736544.pdf

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.

The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.

Source: Eastern Property Holdings Limited (EPH) via Globenewswire

HUG#1997733

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Eastern Property Holdings Limited (EPH)

Valartis Asset Management SA Geneva Switzerland

WKN: 250817;ISIN: VGG290991014;

http://www.easternpropertyholdings.com/ (END) Dow Jones Newswires

   March 28, 2016 13:00 ET (17:00 GMT)- - 01 00 PM EDT 03-28-16