LenSpetsSMU’s results of the financial year

30.12.2014

Despite the complicated macroeconomic situation during 2014, CJSC SSMO "LenSpetsSMU" has completed a number of important projects focused on loan portfolio diversification and financial stability increase. The key events of the year are the following:

· During 2014 the long-term corporate credit rating of CJSC SSMO LenSpetsSMU assigned by the international rating agency Standard & Poor's remains ‘В+’ level, outlook – ‘Stable’.

· Etalon Group, which includes CJSC SSMO "LenSpetsSMU", and Sberbank CIB signed a strategic partnership agreement until 2024. The agreement covers a broad range of potential areas, ranging from project finance, funding of investment transactions, mortgage lending to individuals, joint public-private partnerships, as well as industrial and infrastructure construction.

· CJSC SSMO "LenSpetsSMU" fulfilled its debt obligations in full and on time, which includes loan agreements with OJSC "Bank "Saint-Petersburg", CJSC "Raiffeisenbank", OJSC "Alfa-Bank", OJSC "Bank ZENIT”. During 2014 under indebtedness redemption were paid USD 18 mn, EUR 48 mn, RUB 1 293 mn.

· Series 02 CJSC SSMO LenSpetsSMU bonds were transferred to new listing rules, thereby strengthening the position of the bonds in the highest quotation list of CJSC "MICEX". The total amount of the coupon yield paid during 2014 was equal to RUB 643.2 mn.

· CJSC SSMO "LenSpetsSMU" signed new credit agreements totaling RUB 3.6 bn, providing the company's needs for the near future.

LenSpetsSMU group sincerely congratulates all the investment community, their industry colleagues and business partners with Happy New Year!

CONTACT DETAILS:

Mikhail Duhovnyj

Head of Public Relations

+7 (812) 348-21-25

Mikhail.Dukhovny@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com