Investor Presentaiton

3Q 2014 Operating results - new projects drive new sales Number of contracts New contract sales, sqm New contract sales, mln RUB 1,752 +12% 1,960 92,755 +14% 106,039 8,152 3Q 2013 3Q 2014 3Q 2013 3Q 2014 New contract sales, mln RUB -3% +11% 3,111 3,011 2,834 2,548 2,493 +46% 3,635 Jul 13 Jul 14 Aug 13 Aug 14 Sept 13 Sept 14 Source: Company data Etalon Group +16% 9,480 3Q 2013 3Q 2014 . • • Average down payment was 77% Share of Moscow Metropolitan Area contracts remained at a strong level of 26% in 3Q 2014 up from 24% in 3Q 2013 The regional sales network generated c.37% of new contracts (see p. 8 for details) 22

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