LSR Group launches business class project

LSR Group launches business class residential project in St.Petersburg

LSR Group announces start of pre-sales in a new business class residential project "Europa City" with a total area of 116 th sq m. The new project will be built on the land plot of approximately 7.4 ha in the Petrogradsky district of St. Petersburg.

"Europa City" comprises seventeen 9-14-storey buildings with over 1,600 apartments. The project's residential area is 104 th sq m. The complex will have a heated underground parking for around 500 cars.

"Europa City" includes one-, two- and three-room apartments ranging from 43 to 85 sq m. Customers will receive the apartments with final fitting of high European quality. The price per square meter starts at RUB 110 thousand.

The project is scheduled for completion in 4Q2016.

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] www.lsrgroup.ru