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12 May 2009 07:10
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NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY,Β
IN OR INTO THE UNITEDΒ STATES,Β AUSTRALIA,Β CANADAΒ ORΒ JAPAN
For immediate release
|
12Β MayΒ 2009 |
PRESS RELEASE |
St.Β Petersburg |
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LSR Group obtainsΒ aΒ US$ 150Β millionΒ loanΒ fromΒ RosselkhozbankΒ
TwoΒ subsidiaryΒ companies of LSR Group, OJSC Pobeda LSR and OOOΒ GDSKΒ signed loan agreements withΒ OJSC Rosselkhozbank for an aggregate amount of US$ 150 million.Β
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TheΒ loansΒ areΒ grantedΒ for a 3-year term. The transactions were approved by the Board of Directors of LSR Group on 17 April 2009.Β
NoteΒ toΒ Editors:
OJSC LSR GroupΒ is aΒ building materials and real estateΒ company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction - from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.Β
LSR Group has operations and offices in a number of cities in theΒ LeningradΒ region, inΒ St. Petersburg,Β Moscow,Β Yekaterinburg,Β Lithuania,Β Latvia,Β Estonia,Β UkraineΒ andΒ Germany.Β
In 2007, the sales revenues of LSR Group (according to the IFRS-based financial statements) wereΒ RUBΒ 35,858Β million,Β inΒ 2008-Β RUBΒ 49,813Β million.
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LSR Group is a public company, with its GDRs listed and traded on the London Stock Exchange and its shares listed and traded on MICEX and RTS.Β
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In 2007, LSR Group was awarded 'The Company of the Year' National Award in the 'Construction' category.
OJSC Pobeda LSR (a subsidiary of LSR Group)Β is the largest producer of ceramic bricks inΒ Russia. It comprises three brick factories inΒ St. PetersburgΒ and theΒ LeningradΒ region: Keramika, Lenstroikeramika and Pobeda. The product range of Pobeda LSR includes all types of building and facing bricks as well as porous large-format RAUF bricks. Pobeda LSRΒ isΒ developing its own retail chain of Brick Centre outlets andΒ has its ownΒ sources of raw materials: Krasny Bor quarries of Cambrian Blue Clay and Lenstroikeramika-Karier.Β Pobeda LSR has a regional representative office inΒ Moscow.
OOO City House Building CompanyΒ (a subsidiary of LSR Group)Β was founded in 2001. The companyΒ acts as customer, investor and developerΒ toΒ makeΒ arrangements for the investment in and construction of modernΒ mass marketΒ and business class residential compounds. SinceΒ 2003, the company has completed 39 projects with a totalΒ effectiveΒ area of over 500,000 sq.m.Β The company's current projects haveΒ a totalΒ areaΒ of 6 million sq.mΒ and areΒ at different stages of implementation.Β
Β For more details please contact:
LSR Group Press Service
Tel.: +7Β 812Β 314 10 44
E-mail:Β press@lsrgroup.ru www.lsrgroup.ru
Legal disclaimer:
Some of the information in these materials may containΒ projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms suchΒ asΒ "expect", "believe", "anticipate", "estimate", "intend", "will", "could," "may" or "might" the negative of such terms or other similar expressions. The Company wishes to caution you that these statements are onlyΒ predictions and that actual events or results may differ materially. The Company does not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained inΒ projections or forward-looking statements of the Company, including, among others, general economic conditions, the competitive environment, risksΒ associated with operating in Russia, rapid technological and market change in the industries the Company operates in,Β asΒ wellΒ asΒ many other risks specifically related to the Company and its operations.
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Neither these materials nor any copy of it may be taken or transmitted into theΒ United States,Β Australia,Β CanadaΒ orΒ Japan. These materials do not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefor. The offer and the distribution of these materials and other information in connection with the listing and offer in certain jurisdictions may be restricted by law and persons into whose possession any document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
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These materials are not an offer for sale of any securities in theΒ United States. Securities may not be offered or sold in theΒ United StatesΒ absent registration or an exemption from registration under the U.S. Securities Act of 1933. The Company hasΒ not registered and does not intend to register any portion of any offering in theΒ United StatesΒ or to conduct a public offering of any securities in theΒ United States.
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This communication is directed only at (i) persons who are outside the United Kingdom or (ii) persons who haveΒ professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") and (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred toΒ asΒ "relevant persons"). Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.Β
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This communication is distributed in any member state of the European Economic Area which applies Directive 2000/71/EC (this Directive together with any implementing measures in any member state, the "Prospectus Directive") only to those persons who are investmentΒ professionals for the purposes of the Prospectus Directive in such member state, and such other personsΒ asΒ this document may be addressed on legal grounds, and no person that is not a relevant person may act or rely on this document or any of its contents.
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