Change in ownership structure

Today, on 5 February 2010, OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) 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.

The transactions were made for personal reasons. OJSC LSR Group was not a party to these transactions.

Igor Levit
CEO, member of the Board of Directors of OJSC LSR Group

Transaction volume:  495334 shares
Transaction value:  RUR 295 183 310
Share in equity capital before sale: 2.48%
Share in equity capital after sale: 1.95%
Transaction place: over-the-counter market
Transaction type: sale
Transaction date: 02.02.2010

Georgy Verernikov
Managing Director of Building Materials, Aggregates and Construction Services of OJSC LSR Group

Transaction volume:  405333 shares
Transaction value:  RUR 240 451 470
Share in equity capital before sale: 2.48%
Share in equity capital after sale: 2.05%
Transaction place: over-the-counter market
Transaction type: sale
Transaction date: 02.02.2010

Evgeny Yatsyshin
Managing Director of Real Estate Development, Construction and Commercial Real Estate of OJSC LSR Group

Transaction volume:  731353 shares
Transaction value:  RUR 450 279 220
Share in equity capital before sale: 2.48%
Share in equity capital after sale: 1.7%
Transaction place: over-the-counter market
Transaction type: sale
Transaction date: 02.02.2010

Note to Editors:
OJSC LSR Group  is a real estate development and building materials production 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 comprises enterprises involved in the extraction and processing of aggregates, production and transportation of building materials, and housing construction (ranging from mass market large-panel housing to elite property built based on designs by leading domestic and foreign architects).
LSR Group has operations and offices in a number of cities in the Leningrad region, St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany.
In 2007, the sales revenues of LSR Group (according to the IFRS-based financial statements) were RUR 35,858 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:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru