LSR Group

Group News in 2008

24 June 2010

LSR Group upgrades its production capacity in Moscow OJSC Zavod ZhBI-6 (a subsidiary of LSR Group) has signed a contract with WECKENMANN (Germany) for the supply and installation of a new reinforced concrete products line.

22 June 2010

LSR Group decides to place bonds OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) has decided to place Series BO-01 certificated interest-bearing non-convertible bearer bonds of OJSC LSR Group with mandatory safekeeping in a securities depository with a total value of RUR 1.5bn.

18 June 2010

Agreement of interaction between Vnesheconombank and LSR Group In the course of the 14th St. Petersburg International Economic Forum, State Corporation Bank of Development and Foreign Economic Activity (Vnesheconombank) and OJSC LSR Group signed the Agreement of Interaction in the Implementation of Investment Projects and Programmes.

01 June 2010

LSR Group acquires OOO Petrovsky Quarry OJSC Granit-Kuznechnoye, a subsidiary of LSR Group (LSE: LSRG; MICEX, RTS: LSRG), has entered into a contract to acquire OOO Petrovsky Quarry, a crushed granite producer which holds license for Petrovskoye granite deposit located in the Vyborgsky district of the Leningrad region.

20 May 2010

LSR Group wins auction to build housing for public needs in Tyumen OOO SMU Nova-Stroy (a subsidiary of LSR Group in Yekaterinburg) has won an open auction held by the Urals Department of the Ministry of the Internal Affairs of Russia to be entitled to enter into a governmental contract to perform construction and assembling works for residential building construction in Tyumen.

13 May 2010

LSR Group wins a governmental auction to build housing for public needs CJSC DSK Blok, a subsidiary of LSR Group (LSE: LSRG; MICEX, RTS: LSRG), was declared a winner of the auction held by the Сonstruction Committee of St. Petersburg to design and build three residential panel buildings for public needs of St. Petersburg with a total area of flats of 110 thousand square meters.

07 May 2010

Change in shareholding Today, on 7 May 2010, OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) has received notification from one of its shareholders, Streetlink Limited, regarding a change in its shareholding in the Company in connection with the 10% sale of the ordinary shares under the Global Offering.

07 May 2010

LSR Group Board of Directors approved the date of Annual General Meeting of Shareholders Today, on 7 May 2010, the Board of Directors of OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) approved 30 June 2010 as the date of Annual General Meeting of Shareholders of the company, and also approved the meeting agenda.

30 April 2010

LSR Group Board of Directors determines placing price for the newly issued shares Today, on 30 April 2010, the Board of Directors of OJSC LSR Group (hereinafter the “Company”), has determined a placing price for the newly issued ordinary registered book-entry shares of the Company (registered under unified state registration number 1-01-55234-Е-002D on 8 April 2010).

30 April 2010

LSR Group announces the pricing of its Global Offering LSR Group (“LSR” or the “Company”) (LSE: LSRG; MICEX, RTS: LSRG) announces that the global offering, in the form of ordinary shares and Global Depositary Receipts (“GDRs”) representing ordinary shares (the “Global Offering”), priced at US$8.50 per GDR, equivalent to US$42.50 per ordinary share.

28 April 2010

LSR Group announces new price range for the follow-on offering On 28 April 2010, LSR Group (“LSR” or the “Company”), (LSE: LSRG; MICEX, RTS: LSRG), announces a new price range for its global offering in the form of ordinary shares and Global Depositary Receipts (“GDRs”) representing ordinary shares (“Offering”).

19 April 2010

LSR Group Full Year 2009 Financial Results In the year ended 31 December 2009 LSR Group generated RUR 51,024m of revenue and 14,732m of EBITDA

19 April 2010

LSR Group announces equity offering Today, on 19 April 2010, LSR Group (“LSR” or the “Company”), (LSE: LSRG; MICEX, RTS: LSRG), announces a global offering of up to US$773 million in the form of ordinary shares and Global Depositary Receipts (“GDRs”) representing ordinary shares (“Offering”).

16 April 2010

LSR Group will develop a mass market neighbourhood in the Moscow region CJSC Mosstroyrekonstruktsiya (a subsidiary of LSR Group) has entered into an investment contract with Megapolis-Sever Company to develop mass market residential housing in Nakhabino in the Moscow region on the land of approximately 44 ha.

15 April 2010

LSR Group will develop an upper business class segment residential complex in Moscow CJSC Mosstroyrekonstruktsiya (a subsidiary of LSR Group) has entered into an investment contract to develop an upper business class segment residential complex in the south-west administrative district of Moscow.

09 April 2010

Public registration of additional share issue Today, on 9 April 2010, LSR Group received a notification from the Federal Financial Markets Service about public registration of the additional ordinary registered book-entry share issue of OJSC LSR Group.

01 April 2010

LSR Group launches its first mass market project in the Moscow region CJSC Mosstroyrekonstruktsiya and OJSC Zavod ZhBI-6 (subsidiaries of LSR Group in the Moscow region) launched a new product – low-rise 8 and 12 unit panel houses under the brands EURO-8 and EURO-12.

31 March 2010

LSR Group completes a governmental contract for sale of housing City House Building Company (OOO GDSK), a subsidiary of LSR Group, successfully completed a contract with the Government of St Petersburg for the sale of 1,040 flats for social needs.

16 March 2010

Land Acquisition City House Building Company (OOO GDSK), a subsidiary of LSR Group, has entered into a number of preliminary contracts totaling RUR 1.7 Bn to purchase land plots of 34 hectares in the Kalininsky district of St. Petersburg.

12 March 2010

LSR Group Announces Operating Results for 2009

11 March 2010

Update On Strategy LSR Group (LSE: LSRG; MICEX, RTS: LSRG) approved the program of the company’s high-priority activities – “Lead the Growth”, aimed at growth of LSR Group operations in the period of construction sector recovery.

05 March 2010

BoD decides on share issue, change in shareholding Board of Directors of OJSC LSR Group has taken the decision to increase the Company’s share capital through placement of new ordinary registered book-entry shares by open subscription and approved the Decision on Additional Share Issue and Prospectus.

04 March 2010

OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) releases the information on the debt position as of 31 December 2009.

03 March 2010

Venice - a new elite residence on Krestovsky Island OJSC Construction Corporation Renaissance of St. Petersburg (a subsidiary of LSR Group) started construction works and sales of residential estate in the Venice residence on 34, Deputatskaya Street (Krestovsky Island).

02 March 2010

OJSC PO Barrikada (a subsidiary of LSR Group) to construct public objects under the government contract OJSC PO Barrikada has entered into a government contract with Saint Petersburg Committee for Construction under which a construction department PO Barrikada is to design and construct pre-school educational facilities and secondary schools in the Osinovaya Roscha area in St. Petersburg. The total value of the government contract is RUR 1, 995 million

19 February 2010

Resolutions passed by the Extraordinary General Meeting of LSR Group On February 19, 2010 LSR Group held its Extraordinary General Meeting of Shareholders.

10 February 2010

LSR Group executed put option on 4th bond issue On 9 February 2010 OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) executed the put option on its fourth bond issue Series 02 bonds.

05 February 2010

Change in ownership structure Today, on 5 February 2010, OJSC LSR Group received a notification that its CEO and a member of the Board of Directors, Igor Levit, and Managing Directors Georgy Vedernikov and Evgeny Yatsyshin sold some of their shareholding in the company on the over-the-counter market.

04 February 2010

LSR Group fully pays its third coupon payment of its Series 02 bonds Today OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) fully paid the third coupon payment of its Series 02 bonds totaling RUR 176 346 379.

01 February 2010

LSR Group's preliminary combined Russian Financial Reporting Standards-based financial statements for 2009 The financial results of LSR Group for 2009 compared to 2008 according to its preliminary combined Russian Financial Reporting Standards (RFRS)-based financial statements are as follows:

22 January 2010

Bank VTB North-West develops cooperation with LSR Group Bank VTB North-West took a decision to increase a credit limit for LSR Group from RUR 8 Bn to RUR 9 Bn. According to the Bank’s management, LSR Group and its subsidiaries have been clients of the Bank for more than 15 years, and showed themselves as reliable partners with flawless credit history.

15 January 2010

Date and Agenga of EGM On January 14 the Board of Directors of OJSC LSR Group approved February 19, 2010 as the date of Extraordinary General Meeting (“EGM”) of Shareholders of the Company with the following agenda:

11 December 2009

Result of EGM Extraordinary Meeting of Shareholders of OJSC LSR Group was held on December 10, 2009

09 December 2009

LSR Group redeems its second bond issue OOO LSR-Invest, a 100% subsidiary of OJSC LSR Group, fully redeemed Series 01 bond issue totaling RUR 2 Bn which was placed in December 2006.

01 December 2009

Sberbank of Russia declared LSR Group its strategic partner LSR Group was declared to be a Strategic Partner of Sberbank of Russia 2010.

13 November 2009

LSR Group obtains USD 100 million loans LSR Group (LSE: LSRG; MICEX, RTS: LSRG) and OJSC Rosselkhozbank (Russian Agricultural Bank) signed loan agreements to open credit facilities of USD 100 million for 5 years.

02 November 2009

Nevskiy One Project was Declared a Winner by Competent Investors Nevskiy One, a joint investment project of Construction Corporation Renaissance of St. Petersburg (a subsidiary of LSR Group) and A Plus Estate Company (a subsidiary of LSR group) became the best among other projects participating in the 5th Annual International Russia CIS Hotel Investment Conference (RHIC).

27 Oсtober 2009

The Board of Directors of OJSC LSR Group approved 10 December 2009 as the date of Extraordinary General Meeting of Shareholders of the Company with the following agenda:

26 Oсtober 2009

In the first half of 2009 LSR Group generated RUR 20,330m of revenues and RUR 5,696m of EBITDA In the first half of 2009, LSR Group (LSE: LSRG; MICEX, RTS: LSRG) recorded the following financial results:

21 Oсtober 2009

MICEX increased Quotation Level of LSR Group Securities On 20 October 2009 LSR Group (LSE: LSRG; MICEX, RTS: LSRG) received a notification from CJSC MICEX Stock Exchange that the Executive Board has decided to include LSR Group ordinary shares in the Quotation list “A” of the 2nd level.

15 Oсtober 2009

LSR Group obtains a Loan Facility from VTB North-West On 14 October, OOO LSR.Management Company (a subsidiary of LSR Group) and OJSC Bank VTB North-West signed a loan agreement to open a revolving credit facility of RUR 2 billion for 18 months .

28 September 2009

Mayr-Melnhof Holz GmbH and LSR Group Open the Largest Wood-processing Plant in Northwest Russia On 25 September 2009, Phase 1 of the OOO MM-Efimovsky wood-processing plant was officially opened in the village of Chudtsy, Boksitogorsky district, Leningrad region.

17 September 2009

New EuroPa Series Prefab Houses For Moscow On 17 September, Zavod ZhBI-6, a Moscow-based subsidiary of LSR Group, formally opened a new plant to manufacture solid-core panels for internal and external walls.

25 August 2009

Zavod ZhBI-6 Starts Producing Panels for a New Series of Prefab Houses Zavod ZhBI-6, a subsidiary of LSR Group, has started trial operation of a new line to manufacture solid-core panels for internal and external walls.

07 August 2009

LSR Group fully paid the second coupon payment of its Series 02 bonds OJSC LSR Group, one of the leading building materials producers and real estate developers in Russia (LSE: LSRG; MICEX, RTS: LSRG) fully paid the second coupon payment of its Series 02 bonds totaling RUR 190 514 166, 4.

28 July 2009

LSR Group fully fulfilled its obligations on the put option On 27 July, LSR Group executed the second stage of put option on its third domestic bond issue of Series 02. LSR-Invest LLC, a 100 percent subsidiary of OJSC LSR Group and a formal issuer of this series of bonds, bought back the issue after the end of the fourth coupon period.

27 July 2009

The Government of St.Petersburg acquires the housing from LSR Group City House Building Company (OOO GDSK), 100% subsidiary of LSR Group, has won the open auction for the right to conclude a government contract for a sale of flats in St. Petersburg for the needs of the city.

23 July 2009

LSR Group to Build Housing under a Public Procurement Scheme On 22 July, the Morton group of companies, the general contractor for the construction of a residential neighbourhood for military personnel in Balashikha, Moscow region, entered into a contract with CJSC Mosstroyrekonstruktsiya (100% subsidiary of LSR Group) to jointly implement the project.

17 July 2009

LSR Group Executes Put Option on the 3rd Bond Issue On 16 July, LSR Group executed the first stage of put option on its third domestic bond issue of Series 02.

30 June 2009

LSR Group holds its Annual Meeting of Shareholders On 29 June 2009, an ordinary Annual Meeting of Shareholders of OJSC LSR Group was held and a meeting of the newly elected Board of Directors.

25 June 2009

LSR Group obtains a Vnesheconombank loan for the cement plant project On 25 June, LSR Group and State Corporation Bank for Development and Foreign Economic Affairs (Vnesheconombank) signed a loan documentation package to finance the final stage of LSR’s cement plant project for a total amount of EUR 237 million, with a ten-year maturity and the first interest payment due within 18 months.

22 June 2009

Ministry of Defence acquires the housing from OOO City House Building Company (OOO GDSK) ООО House Building Company (OOO GDSK), 100% subsidiary of LSR Group, has won the open auction to conclude a government contract for sale of apartments in St.Petersburg for the needs of the Ministry of Defence.

17 June 2009

CJSC DSK Blok has won the auction CJSC DSK Blok (100% subsidiary of LSR Group) has won the auction for housing construction in the Osinovaya Roscha settlement in St. Petersburg, held by the Ministry of Defence.

03 June 2009

LSR Group fully pays the fifth coupon of second bond issue

01 June 2009

Clinic “Scandinavia” chooses “Paradny Kvartal” A Plus Estate (a subsidiary of LSR Group) has signed new rent contract for prime commercial property in “Orlov” office center, which belongs to “Paradny Kvartal” complex.

28 May 2009

LSR Group Board of Directors approved the date of Annual General Meeting of Shareholders The Board of Directors of OJSC LSR Group approved 29 June 2009 as the date of Annual General Meeting of Shareholders of the Company, and also approved the meeting agenda

26 May 2009

LSR Group to Launch New Reinforced Concrete Production Facilities in Moscow Vollert-WECKENMANN, a German company, has carried out the supply of vertical wall production machinery to OJSC Zavod ZhBI-6 (a company of LSR Group)

13 May 2009

LSR Group streamlines its management structure and establishes a new division, LRS Moscow To streamline the Group’s management structure and financial costs the Board of Directors of LSR Group approved the decision to establish a new business division within the Group, LSR Moscow, which will manage the Group’s assets in Moscow comprising building materials and real estate development.

12 May 2009

LSR Group obtains a US$ 150 million loan from Rosselkhozbank Two subsidiary companies of LSR Group, OJSC Pobeda LSR and OOO GDSK signed loan agreements with OJSC Rosselkhozbank for an aggregate amount of US$ 150 million.

30 April 2009

Annual Financial Report LSR Group releases its annual financial report for the year ended 31 December 2008 as required by Disclosure and Transparency Rules.

28 April 2009

Mayr-Melnhof Holz GmbH and LSR Group Open the Largest Wood-processing Plant in Northwest Russia

20 April 2009

Revenues of LSR Group for 2008 is up by 39% and EBITDA is up by 67% On 17 April 2009, the Board of Directors of OJSC LSR Group (LSE: LSRG, MICEX, RTS: LSRG) approved the 2008 consolidated financial statements prepared in accordance with the IFRS standards. The independent audit of the financial statements was carried out by KPMG.

16 February 2009

LSR Group’s Revenue Up by 36% and EBITDA Up by 60% in 2008 according to Russian Accounting Standards The Board of LSR Group reviewed and took note of the consolidated non-audited RAS-based financial statements of OJSC LSR Group for 2008.

06 February 2009

LSR Group Reports Summary Sales for 2008 LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), today announces its sales results for the full year of 2008.

05 February 2009

LSR Group fully paid the first coupon payment of its forth bond issue OJSC LSR Group, one of the leading building materials producers and real estate developers in Russia (LSE: LSRG; MICEX, RTS: LSRG) fully paid the first coupon payment of its Series 02 bonds totaling RUB 243, 370, 166.4.

22 January 2009

In 2008 LSR Group doubled the volume of the completed residential real estate in Yekaterinburg ZAO Nova-Stroy (a subsidiary of LSR Group) completed twice more residential real estate in 2008 compared to 2007.

16 January 2009

LSR Group Fully Pays the Third Coupon of Bond Issue OOO LSR-Invest, a 100% subsidiary of OJSC LSR Group, has fully paid the third coupon of its Series 02 bonds totaling RUB 123, 670, 800.

15 January 2009

LSR Group Fully Repays a Loan from Deutsche Bank LSR Group has fully met its liabilities under the loan agreement signed with Deutsche Bank A.G., London Branch in March 2007 for a total amount of RUB 5 billion

13 January 2009

The design works of the 3rd production line for the new Pobeda LSR’s brick factory are at the final stage of completion

29 December 2008

EGM and New Board The Extraordinary General Meeting of LSR Group and the meeting of the Board of Directors were held on 29th of December 2008.

26 December 2008

LSR Group is included in the Russian Government’s list of strategically important companies LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), is included in the Russian Government’s list of strategically important companies.

03 December 2008

LSR Group Fully Pays the Fourth Coupon of its Second Bond Issue OOO LSR-Invest, a 100% subsidiary of OJSC LSR Group, has fully paid the fourth coupon of its Series 01 bonds totaling RUB 102, 698, 750.

01 December 2008

Igor Levit, CEO of LSR Group has told journalists from news agencies(Bloomberg, Reuters) and Press Service of LSR about the anti-crisis steps the Group proposes to take to maintain stability during the world financial crisis

25 November 2008

LSR Group reports financial results for 9 months 2008

10 November 2008

LSR Group Reports Summary Sales for the 9 months of 2008 LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), today announces its sales results for the 9 months of 2008.

05 November 2008

LSR Group Puts New Sand Deposit Into Operation LSR Group Sand Business Unit (OJSC Rudas) puts into operation the new land-based sand deposit in Leningrad Region. The license permits to extract more than 17 mn cubic meters of high-quality sand

20 Oсtober 2008

On 17 October 2008, a regular meeting of the Board of Directors of OJSC LSR Group resolved to hold an Extraordinary General Shareholders Meeting on 29 December 2008

16 Oсtober 2008

LSR Group Puts Into Operation New Aerated Concrete Factory in Ukraine 15 October LSR Group, a leading real estate developer and building materials producer in Russia (LSE: LSRG; MICEX, RTS: LSRG), launched the brand-new aerated concrete factory in Ukraine in the town of Berezan located near Kiev. The investment made is EUR 43m (incl.VAT).

07 Oсtober 2008

LSR Group Completes the Acquisition of OJSC Obukhiv Porous Concrete Plant in Ukraine LSR Group completed the acquisition of 97 percent of the share capital of OJSC Obukhiv Porous Concrete Plant, the largest aerated concrete producer in Ukraine.

02 Oсtober 2008

Revenues of LSR Group for the First Half of 2008 Grew by 53% and EBITDA Increased by 83% On 1 October 2008, the Board of Directors of OJSC LSR Group approved the consolidated financial statements for the first half of 2008 prepared in accordance with IFRS. The independent review of the financial statements was carried out by KPMG.

01 Oсtober 2008

OJSC LSR Group announces that it was notified by STREETLINK LIMITED regarding a formal change in the percentage of ordinary shares in OJSC LSR Group held by STREETLINK LIMITED

12 September 2008

OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) has been formally notified by Deutsche Bank Trust Company Americas (DBTCA) of a change in the percentage of ordinary shares of OJSC LSR Group held by DBTCA

12 September 2008

LSR Group will obtain a syndicated loan The Board of Directors of OJSC LSR Group has approved a debt financing transaction in the form of syndicated loan. The loan guarantors are a number of companies of LSR Group.

20 August 2008

LSR Group Completes Acquisition of Four Companies in Yekaterinburg LSR Group announces that it has completed the acquisition of four companies in Yekaterinburg: ZAO NOVA-Stroy, the major real estate developer in the local market; OOO SMU NOVA-Stroy, the largest construction contractor; OOO PKU NOVA-StroyProekt design office; and OOO Uralscheben, a leading crushed stone producer.

14 August 2008

LSR Group Establishes LSR Urals Management Company in the Urals Region LSR Urals will operate as a separate business division and the regional representative office of LSR Group.

07 August 2008

LSR Group Successfully Places its Fourth Bond Issue worth RUB 5 Billion LSR Group, one of the leading real estate developers and building materials producers in Russia, announces that today, on 7 August 2008, it successfully placed its Series 02 bond issue for the amount of RUB 5 Billion.

06 August 2008

Series 02 Bonds of LSR Group Included in Quotation List V on MICEX LSR Group announces that today, on 6 August 2008, it was notified by ZAO MICEX Stock Exchange that Series 02 book-entry interest-bearing non-convertible bearer bonds of OJSC LSR Group were included in Quotation List V pursuant to the Issuer’s application and the decision of the MICEX Directorate dated 4 August 2008.

05 August 2008

LSR Group indicated that in the First Half of 2008 Revenues grew by approximately 40% and EBITDA grew by Over 60% LSR Group today announced that according to preliminary unaudited IFRS accounts, the revenues of LSR Group in roubles grew by approximately 40% compared to the first half of 2007, and EBITDA grew by more than 60%.

29 July 2008

LSR Group Installed New Panel-Making Equipment LSR Group announced today that DSK Block prefabricated construction company, a subsidiary of LSR Group, implementing the programme aimed at modernisation and expansion of the production capacity of reinforced concrete for prefabricated panel housing construction, has finished the installation of the new production equipment within the framework of the first phase of the modernization.

25 July 2008

LSR Group Announces the Placing Date of a RUB 5 billion Bond Issue LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), today announces that the date for commencing the placement of OJSC LSR Group’s bond issue of Series 02 for the amount of RUB 5 billion was determined as 7 August 2008. The decision to place the bond issue was approved by LSR’s Board of Directors.

22 July 2008

LSR Group to Participate in the Development of the Largest Business Centre in Moscow’s Northern Administrative District

21 July 2008

LSR Group to Develop Further 17 Hectares of Land in St. Petersburg LSR Group announced today that one of its subsidiaries, OOO City House Building Company, has entered into an investment agreement with OOO Neva Galaxy to conduct joint investment activities.

18 July 2008

LSR Group Reports Summary Sales for the 1st half of 2008 LSR Group today announces its sales results for the 1st half of 2008. Almost all business segments have shown significant growth compared to the 1st half of 2007.

18 July 2008

LSR Group Fully Pays the Yield on the Second Coupon of Bond Loan OOO LSR-Invest, a 100% subsidiary of OJSC LSR Group founded specifically to raise funds for the Group’s companies, has fully paid the yield on the second coupon of its Series 02 bonds totalling 124.92 million roubles.

16 July 2008

LSR Group Acquires ZAO Nova-Stroy, a Major Real Estate Developer in Yekaterinburg LSR Group today announces the Board approval of the acquisition of a 100% stake in ZAO Nova-Stroy. This acquisition is in line with the strategy of setting up the company’s regional division in the Urals region based on an integrated business model combining real estate development and building materials production.

14 July 2008

Raiffeisenbank Grants US$ 85 Million Loan to LSR Group LSR Group today announces it has signed an agreement to open a credit line with a limit of US$ 85 million for two years with the Northern Capital branch of ZAO Raiffeisenbank.

08 July 2008

OJSC Granit-Kuznechnoye to Provide St. Petersburg’s Southern Districts with Crushed Stone OJSC Granit-Kuznechnoye (a company of LSR Group) is starting to ship its products from a new warehouse in the estate of Gorelovo. The new facility will provide for the transhipment of up to 30,000 cub.m of crushed stone per month.

03 July 2008

JP Morgan initiates on LSR Group with target price of US$ 19 /GDR. Recommendation “Neutral” JP Morgan equity research analyst Elena Jouronova initiated coverage of LSR Group with a target price of US$19/GDR and a ‘Neutral’ recommendation.

01 July 2008

Ordinary shares of LSR Group included in the MICEX Quotation List B LSR Group announces that today, on 1 July 2008, the company has been notified by ZAO MICEX Stock Exchange that ordinary book-entry shares in OJSC LSR Group were included in the Quotation List B pursuant to the Issuer’s application and the decision of the MICEX Directorate.

30 June 2008

LSR Group Strengthens Its Position in the Ural Region 30 June 2008, St. Petersburg, LSR Group announces that the Board of Directors of the Group has approved two transactions. The value of transactions is not disclosed.

30 June 2008

LSR Group AGM Resolutions LSR Group held its Annual General Meeting on 26 June 2008 followed by a meeting of the newly elected Board of Directors.

25 June 2008

LSR Group Puts into Operation a New Crushed Granite Plant On 24 June 2008 the new crushed granite plant of OJSC Granit-Kuznechnoye (a company of LSR Group) has been formally put into operation in the Zabolotnoye area of the Gavrilovo deposit in the Vyborgsky district, Leningrad region. For the first time in over more than fifty years of its history, the company has started production of crushed granite in this area.

19 June 2008

LSR Group Acknowledged as the Leading Concrete Producer in Russia OJSC Obyedinenie 45 (a subsidiary of LSR Group) has been acknowledged as the leading producer of ready-mix concrete in Russia, ABARUS Market Research agency reported based on its independent research.

18 June 2008

LSR Group Successfully Passes the 2nd Deadline Provided for in the Offer of Bonds LSR Group announces that yesterday, on 17 June 2008, the 2nd deadline provided for in the offer of OOO LSR-Invest Series 01 bonds was successfully passed upon the expiry of the third coupon period.

11 June 2008

Board of LSR Group Approves Transaction to Raise Funds On 10 June 2008, the Board of Directors of OJSC LSR Group approved a transaction aimed at raising funds by means of entering into a loan agreement between OJSC LSR Group and LSR Finance Limited, an issuer company established for the sole purpose of raising funds for LSR Group through issuing and placing Eurobonds in international capital markets.

10 June 2008

LSR Group Enters into a Contract for the Supply of a Line of Special Ceramic Products In the course of the implementation of its previously announced project to construct Russia’s largest brick plant, OJSC Pobeda LSR (an LSR Group company) has entered into a contract for the supply of a line of special ceramic products with TECTON GmbH Keramikanlagen, Germany.

06 June 2008

LSR Group Obtains FFMS Permission for Share Circulation Outside the Russian Federation Today, on 6 June 2008, OJSC LSR Group has received notification from the Federal Financial Markets Service (FFMS) regarding the issuance of permission for circulation of 14,465,952 ordinary registered book entry shares outside the Russian Federation.

06 June 2008

Streetlink Ltd Becomes a New Shareholder of OJSC LSR Group OJSC LSR Group announces a formal change in its share capital structure. Streetlink Ltd, a company 100% of the shares of which are held by the main shareholder of LSR Group, has become a new shareholder of OJSC LSR Group.

04 June 2008

LSR Group Successfully Passes the First Deadline Provided for in the Offer of Bonds LSR Group announces that yesterday, on 3 June, 2008 the first deadline provided for in the offer of OOO LSR-Invest Series 01 bonds was successfully passed. No bonds were presented for LSR Group to buy back at the request of their holders.

03 June 2008

LSR Group Fully Pays the Yield on the Third Coupon of Bond Loan LSR Group Fully Pays the Yield on the Third Coupon of OOO LSR-Invest Series 01 Bond Loan in the Amount of RUB 106.7 million.

02 June 2008

FFMS Registers the Issue of Bonds of OJSC LSR Group The FFMS has registered the issue of and the prospectus for Series 02 bonds of OJSC LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG; MICEX, RTS: LSRG). The decision on placement of the bond was approved by the Board of LSR Group.

30 May 2008

LSR Group Has Its Stability Confirmed by Two Rating Agencies Fitch Ratings assigned LSR Group a ‘B+’ rating with outlook — Stable. Moody’s Investors Service rating agency has confirmed the B1 rating with a stable outlook originally assigned in the summer of 2007.

28 May 2008

LSR Group Lays the Foundation Stone for the Construction of its New Cement Plant Yesterday, on 27 May a gala ceremony took place in Slantsy, Leningrad Region to lay the foundation stone for the construction of the new LSR Group cement plant.

19 May 2008

The Board of LSR Group Approves the Date and Agenda of Annual General Shareholders Meeting of LSR Group On 15 May, the Board of Directors of OJSC LSR Group approved 26 June, 2008 as the date for holding the annual General Shareholders Meeting of the company, and also agreed its agenda.

15 May 2008

LSR Group Reports Summary Sales for the 1st Quarter of 2008 LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), today summarises its sales results for the 1st quarter of 2008. Almost all business segments have shown sustainable growth compared to the 1st quarter of 2007.

14 May 2008

LSR Group — End of IPO Lock-Up Period Today, on May 14, 2008 the lock-up period has expired with respect to the sale of shares by the selling shareholders of LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG; MICEX, RTS: LSRG).

13 May 2008

LSR Group Consolidates its Presence in the Moscow Real Estate Market LSR Group today announces that its subsidiary ZAO Mosstroirekonstruktsiya has entered into a contract to acquire two companies — OOO Triada Agency and OOO Centaur Management owning plots of land totalling 1.8 hectares at Leningradskoye Shosse in Moscow.

06 May 2008

Uralsib rises LSR Group’s GDRs target price up to USD 18.5 with a “Buy” recommendation Today Barry Schumaker, the analyst of Uralsib bank Real Estate division, has risen the value of LSR’s Global Depository receipt (GDR) from 17.1 USD to 18.5 USD. Recommendation is "Buy".

30 April 2008

LSR Group Reports 2007 Results: Revenues Increase by 81%, EBITDA by 132% Today, April 30, 2008, the Board of Directors of OJSC "LSR Group" (LSE: LSRG, MICEX, RTS: LSRG) approved consolidated financial statements for the year ended 31 December 2007 prepared in accordance with IFRS for 2007

17 April 2008

ABN AMRO and Renaissance Capital Launch Analytical Coverage of LSR Group with a ‘Buy’ Recommendation ABN AMRO and Renaissance Capital have launched analytical coverage of LSR Group. ABN AMRO analysts John Messenger and Rogier Quirijns have set the target price for LSR Group’s GDRs at US$ 17 with a ‘Buy’ recommendation.

07 April 2008

LSR Group begins construction of a new crushed granite plant in the Leningrad region LSR Group today announces that OJSC Granit-Kuznechnoye (a subsidiary of LSR Group) has started to install a new crushing and screening plant in the Leningrad region with a design capacity of 660,000 cub.m of crushed granite per year.

03 April 2008

LSR Group enters into a design and construction contract for the new cement project LSR Group today announces that OOO Cement (a subsidiary of LSR Group) has entered into a construction contract with OOO Cement Northwest, 100 percent owned by Hefei Cement Research and Design Institute, China. The contract is worth approx. €163 million.

03 April 2008

LSR Group finalizes the acquisition of a 100% stake in the Yekaterinburg-based OOO Promrezerv OJSG LSR Group has finalized the acquisition of a 100% stake in OOO Promrezerv, a Yekaterinburg company holding a long-term lease of a land plot of more than 9.8 hectares in Yekaterinburg. The acquisition costs totalled €7.065 million. The transaction was approved by the Board of LSR Group in February 2008.

02 April 2008

LSR Group finalizes the acquisition of Betfor Reinforced Concrete Factory located in Yekaterinburg LSR Group finalizes the acquisition of approximately 87% of Betfor Reinforced Concrete Factory, a leader in the construction and building materials market of the Ural region.

28 March 2008

LSR Group proceeds with the acquisition of a major aerated concrete producer in Ukraine LSR Group proceeds with the acquisition of OJSC Obukhiv Porous Concrete Plant in Ukraine as part of geographical diversification strategy. The Ukrainian Antimonopoly Committee has granted permission to Aeroc International AS, a subsidiary of LSR Group, for the acquisition of a 97% stake in OJSC Obukhiv Porous Concrete Plant.

20 March 2008

LSR Group fully repays its first bond loan The first issue of bonds worth 1 billion roubles was placed in March 2005. The yield paid on all of the six coupons of the bonds issued has totaled 302,354,465.98 roubles.

17 March 2008

LSR Group Acquires a Leader in the Ural Market of Construction and Building Materials and Establishes its LSR-Urals Business Unit On March 14, as part of LSR’s geographical expansion strategy, the Board of LSR Group approved a EUR 57 million deal to acquire 87% stake in the Betfor reinforced concrete company in Yekaterinburg. Betfor is to be included in the construction business segment of OJSC LSR Group. To control the reinforced concrete maker as well as the other land assets previously acquired in the region, LSR Group has decided to set up a new business unit, LSR-Urals.

05 March 2008

Board of OJSC LSR Group Approves the Construction Contractor for the New Brick Project LSR Group announced today that as part of Group’s strategy and investment programme, it approved a contract for the construction of a new brick factory in the Kirovsky District, Leningrad Region. The total cost of the project is expected to be around Euro 95 million.

19 February 2008

Independent Consultant DTZ Revalues the Real Estate Property Portfolio of LSR Group As of December 31, 2007 (the effective valuation date) the Group’s development portfolio included 8.24 million sq.m of land compared to 7.8 million sq.m held by LSR on June 30, 2007. The value of LSR’s development projects grew by USD 774 million to total USD 5.672 billion (compared to USD 4.900 billion in June 2007).

15 February 2008

LSR Group Board Elects Board Committees, Receives 2007 RAS Results and Approves Acquisitions On February 13, 2008 the first meeting of the LSR Group’s Board of Directors elected at the company’s extraordinary Shareholders Meeting on February 7 took place.

12 February 2008

LSR Group EGM Approves New Board of Directors On February 7, 2008 the extraordinary Shareholders Meeting of LSR Group approved the new composition of the Company’s Board consisting of 7 directors including 4 senior managers of LSR Group and 3 independent directors.

06 February 2008

LSR Group Announces Its Operational Results for 2007; Strong Growth of Sales Volumes LSR Group, one of the leading real estate developers and building materials producers in St Petersburg and the Leningrad region, announced today its operational results for 2007.

25 January 2008

LSR Group Announces Changes to the Proposed Board of Directors LSR Group, one of the leading real estate developers and building materials producers in St Petersburg and the Leningrad region, today announces that on January 24 the Board of Directors of OJSC LSR Group granted the request of Mr. Andrey Molchanov, the founder of LSR Group and a nominated candidate for the position of the Chairman of the Board, to withdraw his candidacy from consideration at the EGM scheduled for the 7th February 2008.

24 January 2008

FC Uralsib recommends a BUY on LSR Group’s GDRs The forecast value of LSR’s Global Depository Receipts (GDRs) is USD17.14 per GDR, the recommendation is “BUY.”

17 January 2008

LSR Group has fully paid the yield on the first coupon of Series 02 bonds in the amount of RUB124.92 m LSR Group has fully paid the yield on the first coupon of the LSR-Invest bond loan, Series 02, in the amount of 124.92 million roubles.

16 January 2008

Deutsche Bank analysts published a report regarding LSR Group On January 10, Deutsche Bank equity research analysts published a report regarding LSR Group with a GDR target price of $19.5 per GDR recommending a BUY.

15 January 2008

LSR Group to Invest €70.673 M in Equipment for One of the Largest Brick Factories in Russia As part of an investment project aimed at creating one of the largest brick factories in Russia, OJSC Pobeda LSR (part of LSR Group) has signed a contract for the delivery of brick-making equipment with CERIC, the world’s leading equipment manufacturer for ceramic building materials production. The value of the contract is €70.673 million.

News of Business Units

31 August 2010

Venice residence on Krestovsky Island shows record sales // Construction Corporation Vozrozhdenie Sankt-Peterburga (Construction Corporation Renaissance of Saint-Petersburg)

02 June 2010

Start of sales in the 6th and 7th buildings of the Paradny Quarter // Construction Corporation Vozrozhdenie Sankt-Peterburga (Construction Corporation Renaissance of Saint-Petersburg)

17 March 2010

OOO GDSK started sales of the flats in the new residential unit in St.Petersburg // GDSK

11 November 2009

Seven Buildings of the Paradniy Kvartal are Put into Operation // Construction Corporation Vozrozhdenie Sankt-Peterburga (Construction Corporation Renaissance of Saint-Petersburg)

30 April 2009

Pobeda LSR: Implementing The New Brick Plant Project // Pobeda LSR

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