LSR Group pays out dividends

LSR Group pays out dividends

On June 6, 2011 LSR Group (LSE: LSRG; MICEX, RTS: LSRG) paid dividends per ordinary shares of OJSC LSR Group.

The total amount of cash dividends paid was RUB 1,545,453,225.

On April 7, 2011 Annual General Meeting of Shareholders in accordance with Board of Directors' recommendation decided to adopt the proposed dividend of RUB 15.00 per ordinary share. This is the first cash dividends paid to shareholders in the company's history.

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 49,950 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 ServiceTel.: +7 812 314 10 44Fax: +7 812 458 83 72E-mail: [email protected]www.lsrgroup.ru