Financial Results

New launches in 2Q-4Q will provide impulse for new sales in 2015 Launch of sales, ths sqm 185 2013 +182% 522 +55% 811 Launch of sales in 2015, by quarter, ths sqm No projects launched in 1Q 2015 85 295 431 2014 2015 1Q 2015 Planned launch of sales 2Q 2015 Actual launch of sales 3Q 2015 4Q 2015 Planned launch of sales Actual launch of sales Source: Company data Sales launched for two residential buildings at Tsar's Capital and a parking complex at Etalon City in 2Q 2015 ✓ Etalon Group Operating Results Financial Results Landbank Valuation 2015 Deliveries Appendix 9

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