Etalon Group Operating Results

NEW SALES PERFORMANCE WILL BE SUPPORTED BY FURTHER DIVERSIFICATION OF PROJECT MIX 1Q 2016 NEW CONTRACT SALES BY PROJECT sqm Landyshi Golden Star 4% Other projects Swallow's Nest 7% 7% 7% Emerald Hills 18% Samotsvety 5% 9% Tsar's Capital 25% Etalon City 18% Moscow Gates 1Q 2017 NEW CONTRACT SALES BY PROJECT sqm House on Obruchevykh street Landyshi 3% 2% Other projects Golden Star 10% Swallow's Nest 4% 5% Galactica Emerald Hills 19% 6% Summer Garden 6% 7% Samotsvety 15% Tsar's Capital 11% 12% Etalon City " " SIGNIFICANT SALES PORTFOLIO DIVERSIFICATION Galactica launched in 4Q 2016 and brought 6% of 1Q 2017 new contract sales The Normandy project in Moscow was launched in late March 2017 ■ Four more projects are due to be launched by the end of the year NORMANDY CASE STUDY Launched in late March 2017, Normandy comprises four residential buildings of up to 22 stories each, underground parking facilities, a pre-school and a primary school. The total planned NSA of the complex is 92 ths sqm. The project is located in Moscow's Losinoostrovsky District close to Losiny Ostrov National Park, Torfyanoy and Tayezhny Parks. The complex is within walking distance of two metro stations and has easy access to major transport routes. Source: Company data. Etalon Group OPERATING RESULTS LANDBANK VALUATION FINANCIAL RESULTS Moscow Gates SELECTED PROJECTS APPENDIX 7

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