LSRG.L Regulatory News (LSRG)

Date and agenda of Board of Directors

OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG), one of the leading real estate developers and building materials producers in Russia, announces meeting of the Board of Directors on March 2, 2012 with the following agenda: 

1. Strategic plan review of LSR Group.

2. LSR Group financial statements 2011 (RAS) review.

3. Preliminary approval of LSR Group annual report 2011, prepared in accordance with the FMSS requirements.

4. Recommendations on profit distribution for 2011 including dividend pay-out.

5. Recommendations on the auditors of LSR Group IFRS and RAS financial statements for 2012 including auditors' fee.

6. Valuation of LSR Group assets, which can be directly or indirectly expropriated according to the Annexations to the Guarantee Agreements, Share Pledge Agreement and Subsequent Share Pledge Agreement between LSR Group and State Corporation Bank of Development and Foreign Economic Activity (Vnesheconombank).

7. Proposal to include an item on authorization of transactions according to the Article 83 of the RF Federal Law on Joint Stock Companies into the AGM agenda.

8. Proposal to include an item on approval of the revised Charter of LSR Group into the AGM agenda.

9. Proposal to include an item on approval of the revised Regulation on the Board of Directors of LSR Group into the AGM agenda.

10. Proposal to include an item on approval of the revised Regulation on the Executive Committee of LSR Group into the AGM agenda.

11. Review of the proposals regarding items to be included into the agenda of Annual General Shareholders Meeting of LSR Group. Final AGM agenda.

12. Review of the proposals regarding candidates to LSR Group Board of Directors and revision commission for their election at the AGM. Final election list for the mentioned above bodies.

13. Process to inform the shareholders entitled to participate in the AGM of LSR Group about holding of AGM.

14. Information to be provided to the shareholders entitled to participate in the AGM of LSR Group.

15. The form and text of the voting ballot for AGM of LSR Group.

16. Appointment of the Chairman and secretary of AGM of LSR Group.

17. Review of the decision by the revision commission regarding 2011 audit results of LSR Group.

18. Review of the dividend policy of LSR Group.

19. 2011 Report of the Strategy and Investment Committee.

20. Transactions' approval in accordance with the Charter of LSR Group.

Note to Editors:

OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Nowadays LSR Group is one of the largest real estate development and building materials producing companies in Russia. Its core business areas are production of building materials, real estate development and panel construction.

LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine. As of 31 December 2010 (according to DTZ Russia), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 8.4m m2 with the market value of RUB 104bn.

In 2010, the sales revenues of LSR Group were RUB 49,950m (IFRS).

LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on OJSC MICEX-RTS.

For more details please contact:LSR Group Press ServiceTel.: +7 812 314 10 44Fax: +7 812 458 83 72E-mail: press@lsrgroup.ruwww.lsrgroup.ru