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. The total value of the governmental contract amounted to RUR 110,391,980.

As a general contractor SMU Nova-Stroy will build a nine-storey residential building for 72 flats. The total area of the project is 3.5 thousand square meters.

According to the auction terms, the project is to be completed within 8 months since the date the building permission will be provided.

The new residential building will be constructed using reinforced-concrete items produced by OJSC Betfor Reinforced Concrete Plant (a subsidiary of LSR Group in Yekaterinburg) which will also assemble reinforced-concrete items on the construction site.

Note to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.
In 2009, the sales revenues of LSR Group were RUR 51,024 (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.

OOO SMU Nova-Stroy was founded in 2002 as a general contractor for residential buildings construction. Since the date of its foundation SMU Nova-Stroy has built more than 200 thousand square meters. The company specializes in housing construction using prefabricated concrete items. Significant experience in capital construction combined with modern technologies and the company’s own fleet of special vehicles, allow SMU Nova-Stroy to provide high-quality and timely service of any level as a general contractor.

OJSC Zavod ZhBI Betfor is the leader in large-panel construction, one of the leading enterprises in the Ural region producing reinforced concrete items, concrete and mortar mixtures for construction of objects for different purposes. It was founded in 1957, since 2008 it is a part of LSR Group.
Made in Germany, EBAWE multi-purpose assembly line as well as the new equipment of the leading European producers, allow to produce the items with perfect forms and surfaces.

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