The reporting under IFRS for 2005 was prepared

01.09.2006

The reporting under IFRS for 2005 for LenSpetsSMU group as well as for two other companies that were included in consolidation: CDR (CJSC) and LenSpetsSMU (CJSC) became available today on the financial site of LenSpetsSMU. The auditor was the company – member of the international audit network Horwath International (the information on the company is presented in the section "Accounting (financial) statements / Auditors / IFRS").

Thus, "Etalon-LenSpetsSMU"-Holding has audited reporting under the International standard of financial reporting for 3 years: 2003, 2004, and 2005.

The administration of the Holding considers the preparation and disclosure of reporting under IFRS as the next step toward the company’s public and civilized relations with its investors.

All the statements can be found in the section "Accounting (financial) statements."