Financial Results

Healthy profitability levels maintained Residential real estate development adjusted gross profit*, mln RUB 3,384 +54% 5,226 38% 38% 1H 2014 1H 2015 Residential real estate development adjusted gross profit, mln RUB Adjusted gross profit margin*, % Consolidated gross profit, mln RUB 3,780 +47% 5,564 26% 31% 1H 2014 1H 2015 Consolidated gross profit, mln RUB Gross profit margin, % Source: IFRS financial statements *Adjusted for interest in cost of sales ✓ Etalon Group Construction services gross profit, mln RUB +8% 304 281 5% 3% 1H 2014 1H 2015 Construction services gross profit, mln RUB Gross profit margin, % Consolidated adjusted gross profit*, mln RUB Operating Results Financial Results Landbank Valuation +42% 5,836 4,120 32% 28% 1H 2014 1H 2015 Consolidated adjusted gross profit, mln RUB Adjusted gross profit margin*, % 2015 Deliveries Appendix 12

View entire presentation