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 Murmansk Apatity Severodvinsk SPMA Arkhangelsk Petrozavodsk Cherepovets Yaroslavl MMA Izhevsk Ekaterinburg Ukhta .. Norilsk Salekhard Nadim Noviy Urengoy Siktivkar ● Noyabrsk Surgut Chelyabinsk Nizhnevartovsk Etalon Group's regional sales geography(1) Share of total Region contracts Leningrad 5.7% Khanty-Mansiysk AD 2.3% Yakutia 1.9% Yamalo-Nenets AD 1.6% Krasnoyarski krai 1.3% Khabarovski krai 1.3% Murmansk 1.3% Petropavlovsk- Kamchatskiy Arkhangelsk 1.1% Yakutsk Magadan Other Russian regions 19.4% Mirniy Foreigners 0.8% Total: 36.9% ⚫ Neryungri The Group's flats are sold in 13 out of Tomsk Russia's 15 richest regions Novosibirsk Khabarovsk Uzhno- Sakhalinsk Average income per capita (RUB)(2) Blagoveshchensk⚫ Usolye-Sibirskoye Nenets AD 64,832 Etalon Group's sales offices / representatives Irkutsk Moscow 56,186 Established relationships/ partnerships with local sales agencies Yamalo-Nenets AD 54,110 Nakhodka Vladivostok Sakhalin 44,289 Magadan 40,338 Chukotka 39,897 • Etalon Group sales force is focused on the regions with the largest income per capita • Key markets: SPMA and MMA Khanty-Mansiysk AD 39,198 Tyumen Moscow region Saint Petersburg 35,899 35,481 35,361 • 36 cities covered with 13 sales offices in St. Petersburg and 16 more sales offices nationwide Kamchatski krai 34,994 Sverdlovsk 32,807 Khabarovski krai 32,327 • External professional marketing and sales service agents engaged nationwide Yakutia 31,500 Tatarstan 30,762 Russia average 27,887 (1)Source: company data for 3Q 2014 (2) Average monthly cash income per capita, Rosstat's preliminary estimates as of 3Q 2014 Etalon Group Etalon Group's target regions 8

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