LSR Group redeems bond issue

LSR Group redeems bond issue

OOO LSR-Invest, a subsidiary of OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG), fully redeemed its Series 02 bond issue worth RUB 3 billion placed in July 2007.

The company also paid the last 8th coupon payment of RUB 39,478.72. Thus, the total amount of payment for all the eight coupons is RUB 535,560,660.68.

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