Decisions of Board of Directors

Decisions of the Board of Directors

The Board of Directors of LSR Group appointed new Chief Executive Officer - Andrey Molchanov. CEO term of office will be 3 years.

The Board of Directors of LSR Group also elected the following 13 members of the Executive Committee:

1. Sergey Begoulev,

2. Kliment Falaleev,

3. Yuri Ilyin,

4. Dmitry Khodkevich,

5. Vasily Kostritsa,

6. Vladimir Kritskiy,

7. Dmitry Kutuzov,

8. Andrey Molchanov, Chief Executive Officer, Chairman of the Executive Committee,

9. Ivan Romanov,

10. Leonid Sorokko,

11. Alexandr Vakhmistrov,

12. Galina Volchetskaya,

13. Valeriy Zabelin.

Executive Committee term of office will be from May 18th 2015 and until new members of the Executive Committee are elected.

Notes to Editors:

PJSC 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 prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2014 (according to Colliers International), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 10m m2 with the market value of RUB 135bn. In 2014, the sales revenue of LSR Group amounted to RUB 92,347m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MOEX.

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