Investor Presentaiton

Operations in Moscow* Set to Repeat the Success of St Peterburg's Business* Projects in St. Petersburg Metropolitan Area 5 6 12 11 2 Completed 9 8 D 10 4 อ 3 7 13 Projects in Moscow Metropolitan Area 2 3 # Under construction (1) # Design stage (1) Newly acquired projects In the course of DD and negotiations * Moscow metropolitan and St Petersburg metropolitan areas respectively (1) Project numbers in square correspond to the projects in the table on next page Etalon Group 36 36

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