LSR Group executes put option for its bonds

LSR Group executes put option for its Series BO-03 and Series-03 bonds

OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, completed buy-back of its Series BO-03 and Series-03 bonds. The total amount of transaction was RUB 2,062,790,000.

The bonds were bought back in accordance with the Public Offer as of 27 November 2013.

Identification number of Series BO-03: 4B02-03-55234-E as of 16.02.2011.The total amount of certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping submitted was 1,000,000. The total amount of transaction was RUB 1,026,620,000 including the accrued interest.

Registration number of Series-03: 4-03-55234-E от 02.11.2011.The total amount of certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping submitted was 1,000,000. The total amount of transaction was RUB 1,036,170,000 including the accrued interest.Broker: OOO URALSIB Capital

Notes 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 and Yekaterinburg. 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]