Etalon Group Operating Results

SUMMARY 10.2 bln RUB new sales New contract sales in 1Q 2017 amounted to RUB 10,248 million and 113,646 sqm ✓ Cash collections totalled RUB 9,714 million 111 ths RUB average price per sqm for apartments 115.8 bln RUB market value 4,040 mln RUB operating cash flow Average price per sqm for apartments increased by 5% quarter-on-quarter to RUB 111,382 The market value of Etalon Group's portfolio grew by 11% year-on-year in rouble terms and reached RUB 116 bln, or RUB 396 per share/GDR ✓ Landbank volume increased by 5% year-on-year to 2.8 mln sqm of unsold NSA, which is sufficient for 5.7 years based on Etalon's record 2016 new sales volumes ✓ Positive operating cash flow of RUB 4,040 million for FY 2016, despite eight acquisitions totalling 682 ths sqm of NSA and the launch of two flagship projects during the year 7.8 bln RUB net debt Etalon Group Balance sheet remains very strong, with net debt of RUB 7.8 bln, almost unchanged vs. 31.12.2015, despite active land acquisitions and dividend distributions 2

View entire presentation