Formal change in shareholdings

OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG), has received notifications from two of its shareholders - Andrey Molchanov and Streetlink Limited, wholly owned by Andrey Molchanov, regarding a change in their shareholdings.

Andrey Molchanov's shareholdings before change: 9.09%Andrey Molchanov's shareholdings after change: 0%

Streetlink Limited shareholdings before change: 53.08% Streetlink Limited shareholdings after change: 62.17%

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 2009, the sales revenues of LSR Group were RUR 51,024 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 Service Tel.: +7 812 314 10 44 Fax: +7 812 458 83 72 E-mail: [email protected] www.lsrgroup.ru