Summer Garden Investor Presentation

INVESTOR PRESENTATION 8 HOUSING AFFORDABILITY IS AT RECORD HIGH LEVEL % RECORD LOW MORTGAGE RATES NATIONAL AVERAGE (%) % IMPROVED AFFORDABILITY WAGE TO ANNUITY PMT(1) AFFORDABILITY LEVEL SHARE OF HOUSEHOLDS THAT CAN AFFORD TO PURCHASE REAL ESTATE WIDE PROGRAMME OF STATE SUPPORT 13.4% 9.4% 50% 50% 2.4x 2.4x 2.2* 40% 7.6% 6% 1.6x 1.6x 1.4x 20% 20% 10% State support for families with children: from RUB 470 ths to RUB 1 mln Up 2.3 RUB Tax subsidies for property purchase: up to RUB 520 ths 2015 2019 2020 Subsidised Mortgage rates decreased to a record low on the back of record low Central Bank key rate and subsidised mortgage programme active through July 2021. 2015 Russia 2020 2015 2020 St Petersburg 2015 2020 Moscow Record high affordability even without the subsidised rate: in St Petersburg and Moscow it reached 2.3x and 2.1x, respectively. 2015 Russia 2020 2015 2020 St Petersburg 2015 2020 Moscow Number of people who can afford a purchase increased almost two-fold: more than 50% of the residents of St Petersburg and Moscow and more than 40% of people in cities with a population over 1 mln can afford it. Tax subsidies for mortgage interest payment: up to RUB 390 ths In support for families from regions outside Moscow and St Petersburg: up to RUB 436 ths (1) Ratio of average salary to average annuity payment under mortgage loans, including with a subsidised rate of 6.5% for 2020. Source: Rosstat, Bank of Russia

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