Result of AGM

Press-release

ANNUAL GENERAL MEETING OF SHAREHOLDERS

LONDON, 10 June 2013- PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, held its Annual General Meeting ('AGM') of Shareholders on 10 June 2013. Approved resolutions are summarized below:

1. Approval of the annual report and annual accounts, including the profit and loss statement of PIK Group for 2012.

2. Approval of profit and loss distribution based on the results of 2012: dividends under 2012 results shall be not paid.

3. Approval of the election of the following members of the Board of Directors:

- Kolonchina Anna Alekseevna, NAFTA MOSKVA (CYPRUS) LIMITED (Republic of Cyprus), Company Limited by Shares, Chief Managing Director of Moscow Representative Office

- Mamulkin Vladislav Yurievich, NAFTA MOSKVA (CYPRUS) LIMITED (Republic of Cyprus), Company Limited by Shares, Managing Director of Moscow Representative Office

- Poselenov Pavel Aleksandrovich, PIK Group, President

- Kanushkin Dmitry Vladimirovich, Sberbank of Russia OJSC, Executive Director of the Clients Managers Office of the Clients Relations Management Department

- Timmins Stuart Lee, Hines International Inc., Head of Moscow Representative Office

- Rustamova Zumrud Khandadashevna, IST Group, Vice President

- Tsenin Robert Eugene, PIK Group, Board of Directors member

- Jean Pierre Saltiel, Loze & Partners Vostok International Financial Services, Partner

- Stepanichev Ilya Aleksandrovich, BINBANK CJSC, Director of the Investment and banking services Center

4. Approval of remuneration and compensation of expenses of PIK's Board of Directors members.

5. Approval of election of the Revision Commission members of PIK Group.

6. Approval of BDO Closed Joint Stock Company as the Auditor of the Company for 2013.

7. Approval of Directors and Officers Insurance of PIK Group as an interested party transaction.

8. Approval of the interested party transactions.

- ENDS-

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 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

Enquiries:

Investors

PIK Group Tel: +7 495 505 97 33 ext. 1358 / 1315

Viktor Szalkay

Media

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

Citigate Dewe Rogerson Tel: +44 20 7638 9571

Tom Baldock

Priscilla Garcia