LSR Group announces put option on its bonds

LSR Group announces put option on its bonds

OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, announces put option on its Series BO-03, BO-05 and Series-04 bonds.

Identification number of Series BO-03: 4B02-03-55234-E as of 16.02.2011.LSR Group intends to buy back up to 500,000 (five hundred) Series BO-03 certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping. Maximum purchase price is set at 100.2% (one hundred and two percent) of the nominal value. In addition, accumulated coupon interest, calculated in accordance with the issue documentation as of the buy-back date, will be paid to the purchase price.

Identification number of Series BO-05: 4B02-05-55234-E as of 16.02.2011.LSR Group intends to buy back up to 1,000,000 (one million) Series BO-05 certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping. Maximum purchase price is set at 100% (one hundred percent) of the nominal value. In addition, accumulated coupon interest, calculated in accordance with the issue documentation as of the buy-back date, will be paid to the purchase price.Registration number of Series-04: 4-04-55234-E от 02.11.2011.LSR Group intends to buy back up to 700,000 (seven million) Series-04 certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping. Maximum purchase price is set at 101.6% (one hundred one and six) of the nominal value. In addition, accumulated coupon interest, calculated in accordance with the issue documentation as of the buy-back date, will be paid to the purchase price.

Submission date: from 9 a.m. (Moscow time) on February, 3, 2014 until 6 p.m. (Moscow time) on February, 4, 2014.Buy-back date: February, 6, 2014Broker: OOO URALSIB Capital

Notes to Editors:OJSC LSR Group is a diversified construction company operating in a number of complementary market segments. The company was founded in 1993. Its core business areas are production of building materials, panel construction and real estate development. The company unites business units for extraction and processing of aggregates, production and transportation of building materials, construction upon projects of leading Russian and foreign architects - from mass-market to elite residential properties. LSR Group's main operations are located in St. Petersburg, Leningrad region, Moscow, Moscow region, Yekaterinburg and Ural region. As of 31 December 2012 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.7m m2 with the market value of RUB 120bn. In 2012, the sales revenue of LSR Group amounted to RUB 61,122m (IFRS) LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.For more information please contact:LSR Group Press ServiceTel.: +7 812 314 10 44Fax: +7 812 458 83 72E-mail: [email protected]