Investor Presentaiton

New acquisitions will secure production until 2018- 2019 Projects in St. Petersburg Metropolitan Area 4 11 8 3 12 6 Projects in Moscow Metropolitan Area อ 13 Emerald Hills NSA: 884 ths. sqm Development period: 2008-2016 9 5 *Moscow metropolitan and St Petersburg metropolitan areas respectively (1)Project numbers in square correspond to the projects in the table at page 9 Etalon Group Completed 3 Dmitrovskoe shosse NSA: 357 ths. sqm Development period: 2011-2016 # Under construction (1) 7 # Design stage (1) # Newly acquired projects In the course of DD 2 and negotiations 4 Prospekt Budennogo NSA: 40 ths. sqm Development period: 2013-2016 E Etalon-City NSA: 381 ths. sqm Development period: 2011-2016 019

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