Summer Garden Investor Presentation

INVESTOR PRESENTATION 48 LANDBANK STRUCTURE BALANCED BY REGION AND PROJECT SIZE REGIONAL BREAKDOWN OF LANDBANK mln sqm LANDBANK STRUCTURE BY PROJECT SIZE IN CORE REGIONS 1 flagship project 2.8 >6.0 10% 40% (¹) 50%(1) 26% 74% 2020 2024 mid size projects small size business and premium REPLENISHMENT PRINCIPLES Deficit compensation up to 1 mln sqm in 2021 Annual landbank replenishment by at least the same amount as Etalon Group plans to sell during the period Acquisition of new unzoned land in Moscow and St Petersburg to ensure market share growth by 2023-2024 Only value-creative regional expansion with limited entry cost Targeting presence in at least 5 regions by 2024 Target balanced portfolio of large-scale, mid- and small-sized projects to ensure diversified product offering Moscow St Petersburg New regions Up to 1 min sqm 50-300 ths sqm 5-30 ths sqm (1) Including 20%-30% of unzoned land for potential development

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