Raven Russia increases its 2014 full year dividend by 20%

DividendMax Ltd.

Raven Russia increases its 2014 full year dividend by 20%

NOI up to $192million from $187million;

Underlying Earnings up 11% to $66.7million;

Property revaluation losses give an IFRS loss of $88.2million;

Investment Portfolio increases to 1.5million sqm;

94% occupancy at the year end including new space delivered;

$247million of free cash at today's date;

Final distribution of 3.5p proposed giving an increase for the year of 20% to 6p;

Distribution by tender offer buyback of 1 in every 14 shares at 48 pence per share.

Chairman Richard Jewson said "We have done well to mitigate the effects on our business of the various macroeconomic and geopolitical uncertainties facing the Russian economy. We are strong financially and are well-placed to benefit from any economic recovery."

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