Annual Financial Report

30 April 2009

LSR Group releases its annual financial report for the year ended 31 December 2008 as required by Disclosure and Transparency Rules.
The financial information for the year ended 31 December 2008 was previously disclosed in the press release issued 20 April 2009.

Annual Financial Report 2008

Notes to Editors:

OJSC LSR Group is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.
LSR Group has operations and offices in a number of cities in the Leningrad region, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.
In 2007, the sales revenues of LSR Group (IFRS) - were RUR 35,838 million, in 2008– RUR 49,813 million.
LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS. In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.

For more details please contact:

Kliment Falaleev,
Investor Relations Director
Tel:   +7 812 571 7850
Fax: +7 812 312 8565

Julia Sokolova,
Corporate Communications and PR Director
Tel:  +7 812 314 1044


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