Moscow, 21 January 2015- PIK Group (LSE:PIK) announces that Alexander Titov has been promoted to a position of Vice President for Economics and Finance - Chief Financial Officer, effective from 19 January 2015. Mr.Titov previously held various senior finance positions at PIK Group since 2006, including Chief Accountant and Chief Financial Controller. In his role as the Chief Financial Officer he will be responsible for a broad range of functions including accounting & reporting, capital management, corporate finance and investor relations.

Andrey Rodionov, who held the position of Vice President for Economics and Finance since 2010, has resigned from PIK Group to pursue other business interests.

Biography of Alexander Titov

Alexander Titov, 38, has an extensive management experience in the financial sector. Alexander joined PIK in 2006 and before being assigned his current position he held the positions of Chief Accountant and Chief Financial Controller. In 2003-2006 Mr. Titov held various managing positions in the finance and economics department of JSC “Sokolsky DOK”. In 1998-2003 he worked in finance and economics department of “Verhnevolgopromventilyatsiya”

Alexander graduated from Vologda Polytechnic Institute with a degree in economic engineering.

About PIK Group:

PIK Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian regions. Since its foundation in 1994, PIK-Group has become a market leader in  mass market residential property sector completing over 220,000 apartments of affordable housing across the country. The Group  has  a substantial diversified land bank of net selling area of 6.9 million square meters and a dedicated professional team with over 11,000 employees. For more information please visit: https://www.pik-group.com

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