OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) announces the completion of additional ordinary registered book-entry share placement, registered in FFMS of Russia under unified state registration number 1-01-55234-Å-002D on 8 April 2010, placed by open subscription.

The total number of shares to be placed was 16,042,508 shares, with a par value of RUR 0.25.

The placing price was set by the Board of Directors of OJSC LSR Group on 30 April 2010 at US$ 45.92 per share, the price for pre-emptive right holders was US$ 41.33 per share, which is 10% lower than the placing price for others.

One application was received under the additional share placement (using the pre-emptive rights of existing shareholders), and, therefore, the total amount of shares that was actually placed was 9,366,383 shares.

Please note that placing of the additionally issued ordinary registered book-entry shares of OJSC LSR Group is aimed at reinvestment of the proceeds, received from the Secondary Public Offering, announced this spring by LSR Group, into the company.