Change in shareholdings

Change in shareholdings

Today OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) has received notification from one of its shareholders - Chairman of the Board of Directors, member of the Executive Committee of LSR Group Igor Levit - regarding a change in his shareholdings in the Company.

Igor Levit's shareholdings before change: 0.35% Igor Levit's shareholdings after change: 0%

Note 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, Yekaterinburg and Ukraine.In 2010, the sales revenues of LSR Group were RUB 49,950 million (IFRS).LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.

For more details please contact:

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