Vadim Maltsev

OAO LSR Group

LSR Group is a real estate and building materials company, established in 1993 in St. Petersburg and operating in a number of complementary market segments. The integrated business model combining two areas of business – real estate development and construction and building materials and aggregates – provides a strong competitive advantage in the Russian market. The company unites business units for production and transportation of building materials, extraction and processing of aggregates, construction and real estate development – from mass-market to elite residential properties. Currently the company operates in three key regions: - St. Petersburg and the Leningrad region, - Moscow and the Moscow region, - Yekaterinburg and the Urals region. LSR Group is an open-joint company, and owns 100% of its subsidiaries. In November, 2007 OJSC LSR Group held initial public offering (IPO) and became a public company – today its GDRs are traded on the London Stock Exchange and its ordinary shares are traded on MICEX-RTS.