LSR Group GDRs included into MSCI Russia Index

LSR Group GDRs included into MSCI Russia Index

MSCI Inc. included OJSC LSR Group Global depositary receipts (GDR) into the MSCI Russia Standard Index resulting from its May 2011 Semi-Annual Index Review. LSR Group GDR weight in the Index will be 0.57%.

The changes will take effect as of June 1, 2011.

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 2010, the sales revenues of LSR Group were RUB 49,950m (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 ServiceTel.: +7 812 314 10 44Fax: +7 812 458 83 72E-mail: press@lsrgroup.ruwww.lsrgroup.ru