LSRG.L Regulatory News (LSRG)

LSR GROUP REPORTS 2016 OPERATING RESULTS

LSR Group (LSE: LSRG; MOEX: LSRG), one of the leading real estate developers and building materials producers in Russia, is publishing the operating results for the fourth quarter and twelve months of 2016.

2016 highlights:

· 12M new contract sales reached 681 th m2 (+11% y/y). Value of the contracts was RUB 70.6bn (+29% y/y)

· Average selling price grew by 15% y/y to RUB 104 th in 2016

· During the year, 729 th m2 of NSA was launched to the market

· The share of mortgage sales stood at 38% over 12M and reached 42% in 4Q

· 12M completions were 789 th sq m (+5% y/y), deliveries (recognized in revenue) amounted to 780 th sq m (+8% y/y)

Full version of the press-release is available in pdf-format>>

http://www.rns-pdf.londonstockexchange.com/rns/3484U_-2017-1-17.pdf

LSR Group (www.lsrgroup.ru) is one of the leading real estate developers in Russia. Its core business areas are real estate development, prefab construction and production of building materials. Its main operations are located in St. Petersburg, Moscow and Yekaterinburg. As of 31 December, 2015 (according to Knight Frank), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 9.3mn m2 with the market value of RUB 136bn. In 2015, the sales revenue of LSR Group amounted to RUB 86.8bn. LSR Group is a public company, with its GDRs traded on LSE and its ordinary shares traded on MOEX.