Investor Presentaiton

FY 2014 construction volumes: yet another year of successful growth Construction programme, ths sqm of NSA 12,360 200 209 2010 13,589 13,035 12,580 12,031 364 363 319 328 467 468 2011 2012 2013 Actual Construction programme Total deliveries in target regions* 580 580 2014 Source: Company estimates *Calculations of total deliveries in target markets (MMA and St. Petersburg) for 2010-2013 are based on GKS data, 2014 total deliveries based on GKS data and preliminary announcements of Moscow region Government representatives > Etalon Group 17

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