BoD Date and Agenda

Date and agenda of Board of Directors

OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG) announces meeting of the Board of Directors on June, 6, 2013 with the following agenda:

1. Election of the Chief Executive Officer of OJSC LSR Group for another term.

2. Review of LSR Group 1Q2013 financial report.

3. Review of the revised Regulation on the Internal Audit Service of OJSC LSR Group.

Notes to Editors:OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.

For more information please contact:LSR Group Press ServiceTel.: +7 812 314 10 44Fax: +7 812 458 83 72E-mail: [email protected] www.lsrgroup.ru