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Investor Presentaiton

Swallow's Nest March 2016 December 2014 St. Petersburg Total NSA 335 ths sqm Open Market Value* RUB 6,700 mln *JLL estimate as of 31.12.2015 Income from sales* RUB 23,431 mln » Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 26 26
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