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