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 10, 2014.Agenda:

1. Approval of transactions in accordance with the Company's Charter.

Notes to Editors:

OJSC LSR Groupis 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 2013 (according to DTZ), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65,316m (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 Service

Tel.: +7 812 314 10 44

Fax: +7 812 458 83 72

E-mail: [email protected]

www.lsrgroup.ru