Investor Presentaiton

Strong operating results reflected in robust financial performance Transfers to customers, sqm Residential real estate development 349,793 +15% 403,463 2013 2014 revenue, mln RUB +27% 29,548 37,560 2013 2014 Construction services revenue from third parties/external, mln RUB Total revenue, mln RUB 7,256 +37% 9,909 39,921 +29% 51,481 2013 2014 2013 2014 Source: IFRS financial statements, Company information > Etalon Group 8

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