PIK.L Regulatory News (PIK)

Board of Directors of PIK Group reelects its Chairman

Moscow, 17 July 2015 - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, announces that the Board of Directors has reelected Dmitry Pleskonos as the Chairman of the Board of Directors of PIK Group. The decision has been made at PIK Group's BoD meeting on July 16, 2015.

Mr. Pleskonos has been a member of PIK's Board of Directors since March 2014 and since March 20, 2015 served as the Chairman of the Board of Directors.

Mr. Pleskonos has more than twenty years of work experience at international corporations and is currently an Independent Director of QIWI Plc. and was a member of the Supervisory Board of Production Association KONTI (Donetsk, Ukraine) until March, 2015. From 2004 to 2011, Mr. Pleskonos held senior management positions at VimpelCom, the latest being a position of an Executive Vice President of Mass Market Business Development for Russia from 2009 to 2011. Dmitry Pleskonos is a graduate of the Kiev Higher Engineering Radio-Technical School of Air Defense and the Military Diplomatic Academy of Armed Forces Central Command.

About PIK Group

PIK Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian regions. Since its foundation in 1994, PIK-Group has become a market leader in mass market residential property sector completing over 220,000 apartments of affordable housing across the country. The Group has a substantial diversified land bank of net selling area of 6.5 million square meters and a dedicated professional team with over 11,000 employees. Given its brand recognition and the scale of its operations, in 2009 the Russian Government included PIK on the list of the nation's strategically important companies. For more information please visit: http://www.pik-group.com

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