PIK Group merges two of its industrial plants

PIK Group merges its industrial plants DSK-2 and DSK-3 into one business unit

LONDON, June 18 2013 - PIK Group, a leading Russian residential developer, announces that two of its Moscow based industrial housing plants, DSK-2 and DSK-3, have merged into one business unit. The new name for the industrial unit is JSC РIK-Industries.

The integration project is part of an operational efficiency improvement programme approved by the Group Board of Directors in July 2012. This merge will save the Group approximately 1.5 bln rubles per annum. The free space from one of the industrial plants will be used for a new development project which will house a total area of over 200,000 square metres.

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Enquiries:

PIK Group

Investors

Viktor Szalkay Tel: +7 495 505 97 33 ext. 1358 / 1315

Media

Natalia Ivanova Tel: +7 495 505 97 33 ext. 1010 /1014

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 mass market residential property sector completing over 200 000 apartments of affordable housing across the country. The Group has a substantial diversified land bank of net selling area of 6.5 million square meters and a dedicated professional team with over 11,000 employees. Given its brand recognition and the scale of its operations, in 2008 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