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Investor Presentaiton

Nationwide sales & marketing network supports sustainable contracting Powerful sales network across the country Residents of Russia's regions actively buy apartments in Moscow and St. Petersburg Murmansk Apatity Severodvinsk SPMA Arkhangelsk Petrozavodsk Cherepovets Yaroslavl Ukhta MMA Izhevsk Ekaterinburg Chelyabinsk Norilsk Salekhard Nadim Noviy Urengoy Siktivkar Noyabrsk Surgut Nizhnevartovsk Tomsk Etalon Group's sales offices / representatives Established relationships / partnerships with local sales agencies Novosibirsk Etalon Group's regional sales geography(1) Region Share of total contracts Leningrad region 3.0% Khanty-Mansiysk AD 1.9% Khabarovski krai 1.7% Murmansk region 1.5% Yamalo-Nenets AD 1.1% Krasnoyarski krai 1.0% Arkhangelsk region 1.0% Petropavlovsk- Kamchatskiy Kamchatski krai 0.9% Yakutsk Other Russian regions 20.1% Magadan Mirniy Foreigners 2.0% Total 34.0% Neryungri Khabarovsk Uzhno- Sakhalinsk Blagoveshchensk Usolye-Sibirskoye Irkutsk Nakhodka Vladivostok The Group's flats are sold in 14 out of Russia's 15 richest regions Regional income per capita compared to Russia average (2) Nenets AD Yamalo-Nenets AD 2.3x 2.1x Moscow Chukotka 2.0x 1.9x Sakhalin region 1.6x Magadan region 1.6x Khanty-Mansiysk AD 1.5x Tyumen region 1.4x Kamchatski krai 1.3x Moscow region 1.3x Khabarovski krai 1.3x Yakutia 1.3x 1.2x 1.2x Sverdlovsk region 1.2x • Etalon Group's sales force is focused on the regions with the largest income per capita Key markets: SPMA and MMA • • 36 cities covered, with 14 sales offices in St. Petersburg and 17 more sales offices nationwide • External professional marketing and sales service agents engaged nationwide St. Petersburg Murmansk region (1) Source: company data for 1Q 2016 (2) Average monthly cash income per capita, Rosstat preliminary estimates for 12M 2015 → Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Russia average Etalon Group's target regions Appendix 36
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