Moscow, 20 March 2014 - PIK Group (LSE: PIK), one of Russia’s leading residential real estate developers, announces that the Board of Directors has elected Dmitry Pleskonos as the Chairman of the Board of Directors of PIK Group.

Mr. Pleskonos has been elected to PIK Group’s Board of Directors by the Extraordinary General Shareholder Meeting on March 11, 2014.  He has more than twenty years of work experience at international corporations and is currently an Independent Director of QIWI Plc. as well as a member of the Supervisory Board of Production Association KONTI (Donetsk, Ukraine). From 2004 to 2011, Mr. Pleskonos held senior management positions at VimpelCom, the latest being a positions of an Executive Vice President of  Mass Market Business Development for Russia from 2009 to 2011. Dmitry Pleskonos is a graduate of the Kiev Higher Engineering Radio-Technical School of Air Defense and the Military Diplomatic Academy of Armed Forces Central Command.