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PIK Group

July 8, 2008

PIK Group notification of major interest of shares

(LONDON, 08 July 2008) - PIK Group (LSE: PIK), one of Russiaís leading residential real estate developers, today announces that it has received two formal notifications from the Groupís two founding shareholders, Mr. Kirill Pisarev and Mr. Yuri Zhukov that as of 1 July 2008 they held the following beneficiary interests in PIK Group:

- Kirill Pisarev: 206,678,145 shares, equivalent to 41.9% of the Groupís share capital;

- Yuri Zhukov: 201,794,145 shares, equivalent to 40.9% of the Groupís share capital

The free float of PIK Group on the London Stock Exchange and the Russian RTS and MICEX exchanges as of the date of this announcement is 17.2%.

 

 

 

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