MOSCOW, January 21, 2016 - PIK Group (LSE: PIK) released today its trading update for the twelve months ended December 31, 2015. The operational and financial data are based on management assessment only and have not been reviewed by external auditors.

2015 key operational highlights:

• Total cash collections increased by 11.4% to RUB 68.7 billion (2014: RUB 61.7 billion)
•          Cash collections from sale of real estate increased by 7.9% to RUB 55.0 billion (2014: RUB 51.0 billion);
•           Cash collections from construction services and others were up by 28.0% to RUB 13.7 billion (2014: RUB 10.7 billion);
• New sales contracts to customers stayed flat and amounted to 625 th. sq. meters (2014: 620 th. sq. meters).
• In 2015, PIK put on sale 50 new buildings compared to 43 buildings in 2014. New sellable area in the buildings put on sale rose by 40.8% to 908 th. sq. meters (2014: 645 th. sq. meters) 
• Share of mortgage backed sales in 2015 amounted to 39.1% (2014:  36.2%)