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LSR Group executed put option on 4th bond issue

On 9 February 2010 OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) executed the put option on its fourth bond issue Series 02 bonds.

A total of 1 979 414 bonds with a total value of RUR 1 983 075 915 (including the accumulated coupon payment) were bought back at the request of bondholders.

It is the fourth bond issue of LSR Group which was placed in August 2008.

Note to Editors: OJSC LSR Group is a real estate and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, real estate development and panel construction. LSR Group's main operations are located in St. Petersburg, Moscow, Yekaterinburg and Ukraine. In 2008, the sales revenues of LSR Group were RUR 49,813m (IFRS).

For more details please contact:

LSR Group Press Service

Tel.: +7 812 314 10 44Fax: +7 812 458-83-72

E-mail: press@lsrgroup.ru

www.lsrgroup.ru