(LONDON, 6 May 2008) - PIK Group (LSE: PIK), one of Russia’s leading residential real estate developers, announces that its financial results for the full year ended 31 December 2007 will be issued on Monday 19 May 2008.

This will be preceded by the announcement, on Monday 12 May, of the results of CBRE’s independent valuation of the Group’s real estate portfolio.