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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 Nadim Siktivkar Chelyabinsk ⚫ Norilsk Salekhard • Noviy Urengoy ● Noyabrsk Surgut Novosibirsk Nizhnevartovsk Tomsk Etalon Group's regional sales geography(1) Region Leningrad Khanty-Mansiysk AD Yamalo-Nenets AD Murmansk Khabarovski krai Yakutia Krasnoyarski krai Petropavlovsk- Kamchatskiy Kamchatski krai Yakutsk Magadan Other Russian regions Mirniy Foreigners Total: Share of total contracts 6.0% 2.0% 1.9% 1.8% 1.5% 1.4% 1.4% 1.3% 16.4% 0.8% 34.4% Neryungri The Group's flats are sold in 14 out of Russia's 15 richest regions Etalon Group's sales offices / representatives Established relationships/ partnerships with local sales agencies Khabarovsk Uzhno- Sakhalinsk Average income per capita (RUB)(2) Usolye-Sibirskoye Blagoveshchensk Irkutsk Nenets AD Yamalo-Nenets AD Vladivostok ⚫ Nakhodka Moscow Chukotka Magadan 67,620 60,694 55,170 54,706 45,936 Sakhalin 44,527 . Etalon Group sales force is focused on the regions with the largest income per capita • Key markets: SPMA and MMA Khanty-Mansiysk AD 41,929 Tyumen 38,695 • 36 cities covered with 13 sales offices in St. Petersburg and 17 more sales offices nationwide External professional marketing and sales service agents engaged nationwide Kamchatski krai Moscow region Saint Petersburg 37,369 34,853 34,661 Yakutia Murmansk Khabarovski krai 34,069 33,991 32,013 Sverdlovsk Russia average 31,999 27,749 (1)Source: company data for 4Q 2014 (2) Average monthly cash income per capita, Rosstat's preliminary estimates for 12M 2014 Etalon Group Etalon Group's target regions 28

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