Approval of decisions on approving transactions in the cases provided for in Article 83 of the RF Federal Law on Joint Stock Companies.

Time of meeting: 11:00 am

Place of meeting: Suite 715, 36 Kazanskaya Street, St. Petersburg

Date of preparing the list of persons entitled to attend the General Shareholders’ Meeting: 16.11.2009.

In addition, the Board of Directors approved 2 issues of 2 million bonds and 1.5 million bonds respectively with a nominal value of RUR 1,000 each. Redemption period is 3 years since the date of placement.

Elena Tumanova, CFO of LSR Group commented:

“We are not currently planning to place the bonds immediately. As far as there are no restrictions concerning terms of placement after registration of the issues, we have an opportunity to make the issue when we judge market conditions to be most favourable. Consequently, we will also determine the issue rate depending on the situation on the debt markets and on the rate of return offered by investors.”