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Investor Presentaiton

Landyshi September 2016 December 2015 St. Petersburg Total NSA 91 ths sqm *JLL estimate as of 31.12.2015 Open Market Value* RUB 2,081 mln Income from sales* RUB 7,299 mln Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 28
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