Share-based incentive program for top management

LSR Group is carrying out share-based incentive program for top management

LSR Group (LSE: LSRG; MOEX: LSRG) has received notification from its shareholders regarding a change in their shareholdings in the Company due to the implementation of the 2014-2017 long-term share-based incentive program for top management.

Olga Sheikina's share in the company changed from 0.131% to 0.138%,

Vasily Kostritsa's share in the company changed from 0.21% to 0.22%,

Aleksandr Vakhmistrov's share in the company changed from 0% to 0.0116%,

Dmitry Kutuzov's share in the company changed from 0% to 0.0069%,

Dmitry Khodkevitch's share in the company changed from 0% to 0.0157%,

Kliment Falaleev's share in the company changed from 0.0015% to 0.0032%,

Ivan Romanov's share in the company changed from 0.0631% to 0.0666%,

Sergey Begoulev's share in the company changed from 0.0388% to 0.0511%,

Galina Volchetskaya's share in the company changed from 0% to 0.0069%,

Yuri Ilyin's share in the company changed from 0% to 0.0035%,

Dmitri Gontcharov's share in the company changed from 0% to 0.0069%.

Notes to Editors:

OJSC 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