Investor Presentaiton

Despite a turbulent macro environment, Etalon Group significantly outperformed guidance provided at the beginning of 2015 Number of contracts New contract sales, sqm New contract sales, RUB mln +13% +8% +16% -13% -16% -12% 9,045 457,056 39,961 7,841 6,932 356,075 385,252 35,080 30,227 2013 2014 2015 2013 2014 2015 2013 2014 2015 New contract sales y-o-y, RUB mln 13,309 +19% +41% 9,406 15,774 +27% 9,480 7,415 8,152 5,563 8,095 11,392 5,194 6,746 9,078 4,110 5,566 5,923 3,804 2012 2013 2014 2015 ■1Q 2Q 3Q 4Q Source: Company data Highlights Average price for apartments up to RUB 102.3 ths/sqm from RUB 95.1 ths/sqm in 2014 Average down payment reached 62%, significantly above the average of 50% envisaged by the business model Etalon Group Operating Landbank Results Valuation Financial Results Selected Projects Appendix 7

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