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Investor Presentaiton

Etalon Group 1H 2016 revenue up 9% y-o-y to RUB 19.7 bln Residential real estate development revenue, mln RUB -15% 13,857 11,828 1H 2015 1H 2016 Other revenue, mln RUB 2,419 +28% 3,102 1H 2015 1H 2016 Source: IFRS financial statements Construction services revenue from third parties/external, mln RUB 1,872 +157% 4,812 1H 2015 1H 2016 Total revenue, mln RUB 18,148 +9% 19,742 1H 2015 1H 2016 → Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 17
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