Financial Results

Nationwide sales & marketing network supports sustainable contracting Powerful sales network across the country Regional population actively buys apartments in Moscow and St. Petersburg Murmansk Apatity Arkhangelsk Severodvinsk SPMA Petrozavodsk Cherepovets Yaroslavl MMA Izhevsk Ekaterinburg Ukhta Nadim Siktivkar Chelyabinsk • Norilsk Salekhard • Noviy Urengoy ● Noyabrsk Surgut Nizhnevartovsk Etalon Group's regional sales geography(1) Share of total Region contracts Leningrad region 5.3% Khanty-Mansiysk AD 2.1% Yakutia 1.8% Krasnoyarski krai 1.4% Khabarovski krai 1.3% Arkhangelsk region 1.2% Kamchatski krai 1.2% Petropavlovsk- Kamchatskiy Krasnodarski krai 1.2% Yakutsk Other Russian regions 24.3% Magadan Mirniy Foreigners 3.2% Total 42.9% Neryungri The Group's flats are sold in 14 out of Novosibirsk Etalon Group's sales offices / representatives Established relationships / partnerships with local sales agencies Tomsk Russia's 15 richest regions Khabarovsk Uzhno- Sakhalinsk Average income per capita (RUB)(2) Usolye-Sibirskoye » Blagoveshchensk Nenets AD Irkutsk Yamalo-Nenets AD Vladivostok ● Nakhodka Moscow 68,010 59,643 56,820 Chukotka 54,524 Sakhalin region 46,305 Magadan region 44,207 ● Etalon Group's sales force is focused on the regions with the largest income per capita • Key markets: SPMA and MMA Khanty-Mansiysk AD 43,871 Tyumen region 39,462 Kamchatski krai 36,232 Moscow region 35,790 • 36 cities covered with 14 sales offices in St. Petersburg and 17 more sales offices nationwide External professional marketing and sales service agents engaged nationwide Khabarovski krai 35,630 St. Petersburg 34,498 Yakutia Komi Murmansk region Russia average 34,097 33,611 33,391 27,331 (1)Source: company data for 2Q 2015 (2) Average monthly cash income per capita, Rosstat's preliminary estimates for 6M 2015 Etalon Group's target regions Etalon Group Financial results Operating Results Landbank Valuation 2015 Appendix 31 Deliveries

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