LSR Group (LSE: LSRG; MICEX, RTS: LSRG) has become one of the Russia’s three largest real estate development and construction companies for 2009-2010, according to the Kommersant newspaper.

The newspaper says LSR Group is No. 2 company among other Russian construction companies by the volume of ready-built housing in 2009-2010.

 Note to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine.
In 2010, the sales revenues of LSR Group were RUB 49,950 million (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX and RTS.

For more details please contact:

LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru