PIK.L Regulatory News (PIK)

Results of Annual General Meeting of Shareholders

Moscow, 29 June 2015 - PIK Group (LSE: PIK), one of Russia's leading residential real estate developers, held its Annual General Meeting on June 29, 2015. A quorum of shareholders was present at the AGM.

The AGM approved the 2014 Annual Report and financial statements, approved no dividend distribution based on the fiscal year results.

The following Board of Directors of OAO PIK Group was elected by the shareholders:

1. Dmitry A. Pleskonos,2. Alexander I. Varennya,3. Marina A. Zinovina,4. Georgy O. Figin,5. Sergey G. Vorobyev,6. Marina V. Grenberg,7. Alexey A.Blanin,8. Zumrud Kh. Rustamova,9. Jean Pierre Saltiel

The Annual General Shareholders Meeting also elected the Audit Commission, approved the size of remuneration and reimbursement of expenses to the members of the Board of Directors as well as approved Directors' liability insurance transactions. ZAO "HLB Vneshaudit" was approved as PIK Group's auditor for 2015. The tenth edition of the Charter of PIK Group and the new edition of the Bylaw on the Management Board were also approved.

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