Investor Presentaiton

Building materials Sales (RUB m) Change +14% 11,700 10,273 2009 2010 Key financials EBITDA (RUB m) and EBITDA margin (%) 462 521 5% 4% 2009 2010 LSP Change +13% Total¹ Reinforced Concrete Ready-Mix Concrete Bricks Aerated Concrete 2009 2010 Change 2009 Sales volume 288 342 2010 Change 19% 2009 2010 Change 2009 2010 Change 2009 2010 Change 815 1,112 36% 169 172 2% 737 795 8% (th. m3) Sales revenue 10,273 11,700 14% 3,792 4,820 27% 2,249 2,001 (11)% 1,331 1,263 (5)% 1,633 1,513 (7)% (RUB m) EBITDA (RUB m) 462 521 13% 117 217 86% 76 229 202% EBITDA margin (%) 5% 4% 3% 5% 3% 11% 176 13% 8 1% (95)% 70 114 61% 4% 8% Notes: Total is shown after inter-segment eliminations and before inter-group eliminations and unallocated amounts For Bricks sales volume is shown in millions of non-formatted units 1) Also includes our other minor building materials operations LSR Group 10

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