Etalon Group Operating Results

NEW PROJECTS ACQUIRED IN MMA(1) IN 2016 PROJECT IN THE PEROVO DISTRICT PROJECT IN THE NIZHEGORODSKIY DISTRICT PROJECT IN THE MYTISHCHINSKIY DISTRICT Total NSA: 173 ths sqm Total NSA: 86 ths sqm Total NSA: 60 ths sqm Construction to start in 2018 Construction to start in 2018 Construction to start in 2017 PROJECT NEAR RYAZANSKIY PROSPEKT Total NSA: 185 ths sqm Construction to start in 2018 The new project will include 105 ths sqm of residential area, 1,500 parking places, a pre-school, and a school. The land plot is located in an area with well-developed infrastructure, and is approximately 1 km from Izmaylovsky park. The project will have good transport accessibility: central Moscow can be reached in 20 minutes by car or by metro from the nearest station, Shosse Entuziastov, which is within just 10 minutes' walk. The project will include 53 ths sqm of residential area, 864 parking places and a pre-school. It is located in the Nizhegorodskiy region of the South-Eastern administrative district of Moscow. The project will have good transport accessibility: central Moscow can be reached in 15 minutes by car, and the nearest metro station, Novokhokhlovskaya, is within just 10 minutes' walk. The new comfort-class residential project is located in the Mytishchinsky district of the Moscow region, six kilometres from the Moscow Ring Road. The project will include four low-rise buildings up to three stories high, containing 780 flats, a detached parking garage, a pre-school and a primary school for 105 and 215 students, respectively. The project will include 113 ths sqm of residential area, 1,700 parking places, a school, and two pre-schools. It is located 10-15 minutes' walking distance from the Nizhegorodskaya metro station, with schools, pre- schools, stores and several shopping malls in close proximity. Central Moscow is a 20-minute car ride from the development. (1) Moscow, New Moscow and Moscow region within 30 km from Moscow Ring Road Etalon Group OPERATING RESULTS LANDBANK VALUATION FINANCIAL RESULTS SELECTED PROJECTS APPENDIX 14

View entire presentation