Results of Extraordinary General Meeting

Results of Extraordinary General Meeting of Shareholders

Moscow, 11 March 2014 - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, held its Extraordinary General Meeting on March 11, 2014. A quorum of shareholders was present at the EGM. The Company is announcing the following passed resolutions:

I. Terminate before the appointed time the authority of all members of the Board of Directors of PIK Group.

II. Elect the following Board of Directors of PIK Group:

1. Pavel A. Poselenov,2. Marina A. Zinovina,3. Dmitry V. Kanushkin,4. Ilya A. Stepanishev,5. Marina V. Grenberg,6. Alexey A.Blanin,7. Zumrud Kh. Rustamova,8. Jean Pierre Saltiel,9. Dmitry A. Pleskonos.

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 14 million square meters 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. For more information please visit: http://www.pik-group.com

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