LenSpetsSMU’s results of the financial year

29.12.2012

For LenSpetsSMU 2012 was not only the anniversary - the 25th since the Foundation, but also a year of new large-scale projects, the successful implementation of which is due, including effective work of the company in the financial market. LenSpetsSMU’s key events of 2012 are:

· rise of the outlook for credit rating of CJSC SSMO LenSpetsSMU to ‘positive’ and reaffirmation its ‘B’ rating according to the international scale and ‘ruA’ level according to the national scale (Standard&Poor’s);

· successful placement series 02 bond secured loan which has become not only the largest in terms of volume in company’s equity story (RUB 5 bn) , but also with longest duration (3.2 years) for private construction companies. The placement of series 02 CJSC SSMO LenSpetsSMU bonds was concluded successfully on 18 December 2012 and by 27 December 2012 FFMS Russia had approved state registration of the bond placement report. On 22 November 2012, Standard & Poor’s rating agency has assigned a credit rating of ‘B’ according to the international scale for this bond issue;

· signing agreement between LenSpetsSMU and Alfa-Bank to finance construction of two blocks of the residential complex “Swallow’s Nest” in partnership with international financial organizations totaling EUR 44 mn;

· signing multicurrency credit lines with Alfa-Bank and BFA Bank in an amount equivalent to USD 20 mn and USD 40 mn, respectively;

· signing new overdraft between LenSpetsSMU and Bank St. Petersburg totaling RUB 300 mn;

· fulfillment of obligations of partial redemption renewable credit line of Raiffeisenbank, amortization under its series 02 bond-secured loan and also repayment БО-02 series of bonds totaling 2 bn rubles in full and on time;

· delivery 287.4 thousand sq m in Saint-Petersburg, incl. 2 bld of the apartment blocks of “Jubilee Quarter 78A” project (66.6 thousand sq m). For this project, LenSpetsSMU jointly with Budostal-3 Export and Alfa-Bank effected first Russian deal on import and export financing the construction of a multi-family residential building in 2010.

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

CONTACT DETAILS:

Kseniya Savchuk

Acting head of Public Relations

+7 (812) 348-21-25

Kseniya.Savchuk@etalongroup.com

Yana Yashchenko

Deputy CFO

+7 (812) 348-09-95

Yana.Yashchenko@etalongroup.com