LSR Group signs government contract

LSR Group to build 52 th m2 of housing under the government contract

LSR Group and the Government of Moscow City have signed the housing construction contract. The total area of buildings to be constructed is 52,380 m2. The contract value is RUB 1.9bn.

In accordance with the terms and conditions of the contract LSR Group is to complete 2 buildings (167 Dmitrovskoye shosse, bldg 7,8) before June, 2016. At this moment construction works have already started.

Notes to Editors:

PJSC 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 prefab construction. LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of December 31, 2014 (according to Colliers International), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 10m m2 with the market value of RUB 135bn. In 2014, the sales revenue of LSR Group amounted to RUB 92,347m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MOEX.

For more information please contact:

LSR Group Press Service

Tel.: +7 812 333 11 11

Fax: +7 812 458 83 72

E-mail: [email protected]

www.lsrgroup.ru