Debt position as of 31 December 2009

OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) releases the information on the debt position as of 31 December 2009.

According to preliminary unaudited IFRS financial statements of LSR Group for the year ended 31 December 2009, as of 31 December 2009 LSR Group's gross debt totaled RUR 39.5 billion which is 7% higher than the prior year value of RUR 36.9 billion

The net debt totaled RUR 36.7 billion

Further information on the debt structure and debt redemption profile is presented at:

http://www.lsrgroup.ru/Document/debt_position_as_of_31_december_2009.pdf 

 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 building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine. In 2008, the sales revenues of LSR Group were RUR 49,813m (IFRS).

For more details 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