Decisions of Board of Directors

Decisions of the Board of Directors

The Board of Directors of PJSC LSR Group reviewed items of the agenda and decided the following:

The Board of Directors of LSR Group elected the following 15 members of the Executive Committee:

1. Denis Babakov,

2. Sergey Begoulev,

3. Alexandr Vakhmistrov

4. Galina Volchetskaya,

5. Valeriy Zabelin.

6. Yuri Ilyin,

7. Vasily Kostritsa,

8. Vladimir Kritskiy,

9. Dmitry Kutuzov,

10. Boris Murashov,

11. Ivan Romanov,

12. Leonid Sorokko,

13. Kliment Falaleev,

14. Dmitry Khodkevich,

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

Executive Committee term of office will be from September 30th 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