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Investor Presentaiton

Etalon City September 2016 December 2015 STANOH-WHBECT HBAPTИPb (43)378 88 R Moscow *JLL estimate as of 31.12.2015 ЭТАЛОН-СИТИ 378 88 88 Total NSA 376 ths sqm 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 27
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