PIK (LSE:PIK), the leading Russian residential developer, will hold a conference call for analysts hosted by Artem Eyramdzhants, Chief Operating Officer, Anna Kolonchina, Chief Financial Officer and Viktor Szalkay, Head of Investor Relations, to discuss their financial results for the year ended 31 December 2008.

The call is scheduled for 12:00 (Moscow time) / 9:00 (UK time) on Friday 15th May 2009.

Dial in details:

UK Free Call:                   0808 109 0700

International Number:      +44 203 003 2666

Moscow only Free Call:     81080021774011

USA Free Call:                 1866 966 5335

Replay details:  (available for 7 days after the call)

Replay dial out:                +20 8196 1998

Access PIN:                      4347943#

Participants will be asked to confirm their name, company and location.