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Investor Presentaiton

Tsar's Capital May 2016 St. Petersburg Total NSA 391 ths sqm *JLL estimate as of 31.12.2015 December 2015 Open Market Value* RUB 10,350 mln Income from sales* RUB 30,225 mln ā†’ Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 23
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