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Investor Presentaiton

Emerald Hills March 2016 December 2014 Moscow region Total NSA 859 ths sqm Open Market Value* RUB 17,866 mln *JLL estimate as of 31.12.2015 Income from sales* RUB 63,905 mln → Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 27 22
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