MOSCOW, July 18, 2016 - PIK Group (LSE: PIK) released today its trading update for the six months ended June 30, 2016 (2Q2016). The operational and financial data are based on management assessment only and have not been reviewed by external auditors.

1H2016 key operational highlights:

• Total cash collections increased by 39.5% to RUB 41.8 billion (1H2015: RUB30.0 billion.

·         Cash collections from sale of real estate to individuals increased by 55.3% to RUB 35.7 billion (1H2015: RUB 23.0 billion).

·         Cash collections from construction services and others decreased by 12.8% to RUB 6.1 billion (1H2015: RUB 7.0 billion)

·         New sales contracts to customers increased by 77.6% to 405 th. sqm. (1H2015: 228 th. sq. meters)

• In 1H2016, PIK launched 22 new projects compared to 17 new projects in 1H2015. New sellable area in the buildings put on sale increased by 29.5% to 399 th. sq. meters (1H2015: 308 th. sq. meters).
• Share of mortgage-backed sales reached 49.0% in 2Q2016.

Enquiries:

PIK Group