Directors dealing

 28 May 2010

MIRLAND DEVELOPMENT CORPORATION PLC

("MirLand" or the "Company")

Re: Director's Dealing

MirLand Development Corporation plc, one of Russia's leading residential and commercial property developers, announces that it was notified on 12 June 2009 that the following ordinary shares were purchased by Mr Steven Holm, a non-executive director of the Company:

- on 27 May 2009 5,000 ordinary shares at a price of US$1.3247 per share for a total consideration of US$6,623.50; and

- on 29 May 2009 3,000 ordinary shares at a price of US$1.3816 per share for a total consideration of US$4,144.80.

The Company regrets the late publication of this announcement.

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