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LSR Group

September 14, 2012

LSR Group places its Series-03 bonds

OJSC LSR Group (LSE: LSRG; MICEX-RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, completed placement of its Series-03 interest-bearing non-convertible bonds with mandatory safekeeping.

Identification number of the issue is 4-03-55234-E as of 2 November 2011.

The total size of the issue is 3,000,000 (three million) bonds with a nominal value of RUB 1,000 each. The bonds were placed by open subscription at 100% of the nominal value. Duration of the issue is 1820 days starting from the placement date with 10 interest payment periods.
The first coupon rate was set at 11.5% per annum amounting to RUB 57.34 (fifty seven roubles and thirty four) per one bond.  The size of the first coupon payment per one bond is RUB 57.34 (fifty seven roubles and thirty four). The total amount of the first coupon payment is RUB 172,020,000 (one hundred seventy two million and twenty thousand).

The decision to place bonds was approved by the Board of Directors of LSR Group. The proceeds from the placement will be used for refinancing and financing of the companyís investment projects.
Lead manager: URALSIB Financial Corporation.
Notes 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 and Yekaterinburg.
As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Groupís real estate portfolio is equal to 8.4m m2 with the market value of  RUB 124bn.
In 2011, the sales revenue of LSR Group were RUB 51,910m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.
For more information please contact:
LSR Group Press Service
 Tel.: +7 812 314 10 44
 Fax: +7 812 458 83 72




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