BoD Date and Agenda

Date and agenda of Board of Directors

OJSC LSR Group (LSE: LSRG; MOEX: LSRG) announces meeting of the Board of Directors on March 17, 2015.

Agenda: 

1. Review of LSR Group 2014 financial report

2. Review of KPMG management letter

3. Discussion of the issues in accordance with the requirements of ISA 260, "Communication with those charged with governance"

4. Approval of the key performance indicators set by the management incentive program of LSR Group for 2014. Recommendationson payment of bonuses.

5. Approval of the key performance indicators set by long-term share-based management incentive program 2014-2017 of LSR Group for 2014

6. Authorization of transactions according to the Article 83 of the RF Federal Law on Joint Stock Companies

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 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.: +7 812 333 11 11

Fax: +7 812 458 83 72

E-mail: [email protected] 

www.lsrgroup.ru