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. According to the official auction results, the total amount of the government contract is RUR 11,385 million.

As a general contractor CJSC DSK  Blok is to prepare specification documents and build 49 houses of 9-17 floors.
The planned completion date is no later than 30 June 2011.

Currently LSR Group is taking part in other auctions the results of which will be known in the near future.

Note to  Editors:

CJSC DSK  Blok is one of the St. Petersburg panel construction market leaders in the manufacture and construction of prefabricated panel houses. Founded in 1992, it is the only company in the panel construction market of St. Petersburg using the seamless facade fit-out technology.
 In 2007, DSK Blok was awarded the status of “Leader of Russian Economy” In 2008, the company was awarded the title of “Best Building Contractor for the Needs of St. Petersburg’s Public Procurement”.

Note 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. 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 (according to the IFRS) were RUR 35,858m, in 2008 – RUR 49,813m.
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:

LSR Group Press Service
Tel.: +7 812 314 10 44
E-mail: press@lsrgroup.ru
www.lsrgroup.ru