Investor Presentaiton

Nationwide sales & marketing network supports sustainable contracting Powerful sales network across the country Regional population actively buys apartments in Moscow and St. Petersburg Monchegorsk Murmansk Apatity Etalon Group's regional sales geography(1) Region Leningrad region Khanty-Mansiysk AD Khabarovski krai Share of total contracts 3.0% 1.9% 1.7% Murmansk region 1.5% SPMA Arkhangelsk Yamalo-Nenets AD 1.1% Cherepovets Naryan-Mar Krasnoyarski krai 1.0% Novgorod Kostroma Yaroslavl Ukhta Norilsk Arkhangelsk region 1.0% Pskov Petropavlovsk- Tver Ivanovo Siktivkar Nadim Kamchatskiy Kamchatski krai 0.9% Yakutsk MMA Other Russian regions 20.1% Cheboksary Perm Kaluga Izhevsk Tyumen Penza Kazan Tolyatti Ekaterinburg Snezhinsk Noviy Urengoy Noyabrsk Khanty-Mansiysk Magadan Mirniy Foreigners 2.0% Total 34.0% Neryungri Krasnodar Surgut Nizhnevartovsk Chelyabinsk Astrakhan Omsk Krasnoyarsk Komsomolsk-on-Amur Bratsk Khabarovsk Novosibirsk Kholmsk Uzhno-Sakhalinsk Korsakov Blagoveshchensk Etalon Group's sales offices / representatives Established relationships / partnerships with local sales agencies Novokuznetsk • Irkutsk Ussuriysk Vladivostok The Group's flats are sold in 14 out of Russia's 15 richest regions Regional income per capita to Russia average (2) Nenets AD Moscow Yamalo-Nenets AD Sakhalin region Chukotka ● Etalon Group's sales force is focused on the regions with the largest income per capita • Key markets: SPMA and MMA • 37 cities covered with 9 sales offices in St. Petersburg and 18 more sales offices nationwide External professional marketing and sales service agents engaged nationwide 2.3x 2.1x 2.0x 1.9x 1.6x Khanty-Mansiysk AD 1.6x Magadan region Moscow region Tyumen region 1.5x 1.4x 1.3x St. Petersburg 1.3x Khabarovski krai 1.3x Sverdlovsk region 1.3x Murmansk region 1.2x Krasnodarski krai 1.2x Komi Russia average 1.2x (1) Source: company data for 1Q 2016 (2) Average monthly cash income per capita, Rosstat's preliminary estimates for 2M 2016 Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Etalon Group's target regions Appendix 36

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