(LONDON, 29 April 2011) - PIK Group (LSE: PIK), a leading Russian residential developer, announces that its audited IFRS financial results for the full year ended 31 December 2010 will be issued on Wednesday 4 May 2010.

A conference call for investors and institutional investors will be held on between 5 May 2011 at 17-00. Details will be provided in due course.

Enquiries:

Investors

PIK Group                                          Tel: +7 495 505 97 33 ext. 1315/1358

Viktor Szalkay

 International media

Citigate DeweRogerson                   Tel: +44 20 7638 9571

Tom Baldock

Priscilla Garcia

 Russian media

Dmitry Ivliev                                      Tel: +7 495 505 97 33 ext. 1010/1028