Investor Presentaiton

Consolidated revenue of RUB 42.4 bln in 2015, 18% lower vs. 2014 and 6% above 2013 Residential real estate development revenue, RUB mln Construction services revenue from third parties/external*, RUB mln +10% -36% -14% -54% 37,560 9,145 32,474 29,548 6,643 2013 2014 2015 Other revenue, RUB mln +62% +26% 5,053 4,012 3,117 2013 2014 2015 4,242 2013 2014 2015 Total revenue, RUB mln +6% -18% 51,481 39,921 42,404 2013 2014 2015 Source: IFRS financial statements * Long-term external contracts (Note 7 to Consolidated IFRS financial statements) Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 18

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