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Investor Presentaiton

250 200 New residential real estate price development in St. Petersburg, Moscow and Yekaterinburg St. Petersburg Elite Mass-Market 198 216 186 200 203 LSP 150 100 50 39 0 180 160 140 120 100 80 88 60 60 40 40 20 15 2002 Source: SPb Realty 145 40 68 57 74 63 56 28 20 20 26 2003 Moscow IRN Index¹ 64 50 34 80 60 70 70 72 22 2004 2005 2006 2007 2008 2009 2010 Feb 2011 160 117 110 107 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 Source: IRN Notes: Prices as of the end of the respective periods 1) IRN Index is calculated on the basis of prices in both primary and secondary markets 65 60 136 '000 RUB 55 60 Yekaterinburg 56 55 53 50 50 49 48 45 LSR Group '000 RUB '000 RUB 52 51 Apr/07 Sep/07 Apr/08 Sep/08 Apr/09 Aug/09 May/10 Sep/10 Dec/10 Source: Company 23
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