MOSCOW, October 20, 2015 - PIK Group (LSE: PIK) released today its trading update for the nine months ended September 30, 2015. The operational and financial data are based on management assessment only and have not been reviewed by external auditors. 

9M2015 key operational highlights:

• Total cash collections increased by 16.2% to RUB 45.5 billion (9M2014: RUB39.1 billion).
•          Cash collections from sale of real estate to individuals increased by 13.2% to RUB 35.3   billion (9M2014: RUB 31.2 billion)
•          Cash collections from construction services and others increased by 31.8% to RUB 10.1 billion (9M2014: RUB 7.7 billion)
• New sales contracts to customers increased by 12.2% to 406 th. sqm.(9M2014: 362 th. sq. meters) due to higher new sales launches and introduction of new types of buildings to the market.
• In 9M2015, PIK launched sales at 32 new projects (including 27 project in Moscow Metropolitan Area) compared to 37 and 30 new projects respectively in 9M2014. New sellable area in the buildings put on sale increased by 10.5% to 610 th. sq. meters (9M2014: 552 th. sq. meters).