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Investor Presentaiton

At a glance • Presence in Russia's largest markets Focus on middle class residential real estate in Moscow metropolitan area (MMA) and St. Petersburg metropolitan area (SPMA) • 19% CAGR for deliveries over 2010-2015(1) Strong delivery track record . Over 29 years of construction & development experience • 5.1 mln sqm commissioned True vertical integration • Strategic vertical integration in key value- added segments of property development enables the Company to control costs, quality and timing • 5,000 employees • Country-wide sales network covering 46 cities Diversified projects portfolio . Liquidity and credit ratings • Secure liquidity position supported by pre-sales cash collections model • Low leverage: 0.7x net debt / EBITDA 2015(3) • Credit rating by S&P: B+/B(4) Corporate governance •10 BoD members, 7 NEDS • Board of Directors consists of professionals with broad range of experience and expertise, ensuring that the interests of all groups of shareholders are appropriately represented •Monthly visual updates on projects, quarterly trading updates and semi- annual financial reporting Official guidance on deliveries and new contract sales • Dividend policy aims to pay out 30% to 50% of IFRS net profit semi-annually LSE ticker Share price ETLN:LI USD 2.78 (07.10.2016) USD 812 mln (07.10.2016) Market capitalisation Portfolio valuation (by Jones Lang La Salle) RUB 104,384 mln (31.12.2015) Portfolio composition (2) 5% 43% 50% 57% 45% ■SPMA MMA . Land bank of 2.72 mln sqm (2) Land bank sufficient until 2020 Projects well diversified by locations in SPMA and MMA (1) Company operating results; (2) JLL land bank valuation report as of 31.12.2015; (3) IFRS financial statements; (4) 'B+' long-term & 'B' short-term corporate credit ratings of SSMO LenSpetsSMU (last reconfirmed on 03.06.2016). »Etalon Group Operating Results Landbank Valuation ■ Projects under development Projects at design stage ■ Projects completed Financial Results Selected Projects Appendix 34
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