MOSCOW, October 27, 2014 - PIK Group (LSE: PIK), one of the leading Russian residential developers, announces that on October 25, 2014 at the Company’s EGM shareholders approved partial distribution of retained earnings for the preceding periods in the form of a dividend totaling RUB 2.75 billion (RUB 4.16 per ordinary share or Global Depositary Receipt).

The dividend record date has been set for November 5, 2014. The payment date has been set for November 19, 2014 for nominees and December 10, 2014 for all other registered shareholders.

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