Investor Presentaiton

Etalon City May 2016 Moscow Total NSA 376 ths sqm *JLL estimate as of 31.12.2015 РЭТАЛОН - ИНВЕСТ KBAPTHPH3788888 December 2015 Open Market Value* RUB 8,650 mln Income from sales* RUB 29,066 mln → Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 28

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