Investor Presentaiton

1Q 2016 operating results outperformed expectations Number of contracts +156% 1,028 2,634 New contract sales, sqm New contracts sales, RUB mln +187% +238% 46,990 135,003 3,804 12,860 1Q 2015 1Q 2016 1Q 2015 1Q 2016 1Q 2015 1Q 2016 Average price, RUB/sqm 110,000 106,228 105,297 105,040 102,417 100,502 95,923 97,522 93,122 93,223 95,000 90,860 88,811 84,385 85,315 89,402 90,511 97,918 95,254 93,746 90,258 87,887 80,000 84,286 85,671 85,271 83,234 80,606 80,946 65,000 50,000 1Q13 2Q13 Source: Company data 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 ⚫apartments total • • Highlights Average down payment reached 66%, significantly above the average of 50% envisaged by the business model, up from 58% in 4Q 2015 Share of regional sales amounted to 34% Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 9

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