PIK Group elects Board Chairman

Board of Directors of PIK Group elects its Chairman

Moscow, 21 March 2014 - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, announces that the Board of Directors has elected Dmitry Pleskonos as the Chairman of the Board of Directors of PIK Group.

Mr Pleskonos was elected to PIK Group's Board of Directors at the Extraordinary General Shareholder Meeting held on March 11, 2014. He has more than twenty years work experience at international corporations and is currently an Independent Director at QIWI Plc as well as a member of the Supervisory Board of Production Association KONTI (Donetsk, Ukraine). From 2004 to 2011 Mr. Pleskonos held senior management positions at VimpelCom, the latest being the position of Executive Vice President of Mass Market Business Development for Russia from 2009 to 2011. Dmitry Pleskonos is a graduate of the Kiev Higher Engineering Radio-Technical School of Air Defense and the Military Diplomatic Academy of Armed Forces Central Command.

About PIK Group

PIK Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian regions. Since its foundation in 1994, PIK-Group has become a market leader in the mass market residential property sector, completing over 220,000 affordable housing apartments across the country. The Group has a substantial and diversified land bank of net selling areas which amount to 6.5 million square meters, and a dedicated professional team made up of over 11,000 employees. Given its brand recognition and the scale of its operations, in 2009 the Russian Government included PIK on the list of the nation's strategically important companies. For more information please visit: http://www.pik-group.com

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