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UNR Holdings Breaks Ground on Phases III and IV of Nemchinovka Development


March 29, 2011 - ORLANDO, FL

UNR Holdings, Inc. (OTCBB: UNRH) ("UNR" or the "Company"), a housing and commercial construction and development company, announced today that it has broken ground on Phases III and IV of its flagship Nemchinovka development. The Company expects to complete construction on all eight phases of the Nemchinovka development by early 2013 and anticipates total sales from the project of $500 million to $700 million based on current real estate prices.

The Nemchinovka development is a luxury residential and commercial complex located in the suburbs of Moscow, less than one mile from the Moscow Beltway. The total gross area of the completed development will be 2.1 million square feet, with a total living area of 1.3 million square feet. To satisfy the cash requirements for successfully completing Phases III and IV by midsummer 2011, the Company's subsidiary, 494 UNR, has secured a 300 million ruble ($10.6 million) credit line from RosDorBank, one of the first commercial banks in Russia.

Mr. Alexey Kim, Chief Executive Officer of UNR, stated, "We are very pleased to have been granted this new credit line from RosDorBank, as it satisfies all of our cash requirements to successfully complete the next two phases of the Nemchinovka development. We are confident that with this new cash infusion, we will be able to complete Phases III and IV on schedule by mid-summer this year."

About UNR Holdings, Inc.

UNR Holdings is a holding company that has a 68% ownership in its subsidiary, 494 UNR. 494 UNR is a diverse construction company with more than 40 years of success serving the Russian construction market. The Company specializes in housing and commercial construction developments. UNR also supplies and oversees the installation of its proprietary road and slopes stabilization material Prudon to infrastructure projects in various parts of Russia. While UNR is involved in complex construction projects, the Company also assists the Russian government with infrastructure projects for oil and gas corporations, such as GAZPROM and TRANSNEFT. 494 UNR is one of the oldest and most established construction companies located and operating in Moscow and the Moscow area of the Russian Federation.

More detailed information on the housing projects is available at the UNR Holdings corporate website: http://www.unrholdings.com.

Forward-looking statements
The above news release contains forward-looking statements. The statements contained in this document that are not statements of historical fact, including but not limited to, statements identified by the use of terms such as "anticipate," "appear," "believe," "could," "estimate," "expect," "hope," "indicate," "intend," "likely," "may," "might," "plan," "potential," "project," "seek," "should," "will," "would," and other variations or negative expressions of these terms, including statements related to expected market trends and the Company's performance, are all "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties. These statements are based on assumptions that management believes are reasonable based on currently available information, and include statements regarding the intent, belief or current expectations of the Company and its management. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performances, and are subject to a wide range of external factors, uncertainties, business risks, and other risks identified in filings made by the company with the Securities and Exchange Commission. Actual results may differ materially from those indicated by such forward-looking statements. The Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.

Contact:

At the company:
Mr. Serguei Melnik
Vice President
UNR Holdings, Inc.
407-210-6541
info@unrhs.com

Investor relations:
Dave Gentry
President
RedChip Companies, Inc.
1-800-733-2447, Ext. 104
info@redchip.com
http://www.RedChip.com

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