LSR Group (LSE: LSRG; MICEX-RTS: LSRG) fully paid the eighth coupon on its Series 02 certificated interest-bearing non-convertible bearer bonds with mandatory safekeeping worth RUB 144,557,117.91.

The identifying number of the issue is4-02-55234-Ådated May 29, 2008.

The total interest paid for the first, second, third, fourth, fifth, sixth, seventh and eighth coupons amounted to RUB 1,447,822,066.41 (one billion four hundred forty seven million eight hundred twenty two thousand sixty six).

The bond issue was placed on August 7, 2008. The maturity is 1,820 days since the date of the placement, and divided into ten interest payment periods of 182 days each.

Lead manager: OOO URALSIB Capital.
Note to Editors:
OJSC LSR Group is a real estate development and building materials company founded in 1993 and operating in a number of complementary market segments. Its core business areas are production of building materials, real estate development and panel construction.
LSR Group's main operations are located in St. Petersburg, Moscow and Yekaterinburg.
As of 31 December 2011 (according to Cushman & Wakefield Russia), the net sellable area of the projects in LSR Group’s real estate portfolio is equal to 8.4m m2 with the market value of  RUB 124bn.
In 2011, the sales revenues of LSR Group were RUB 51,910m (IFRS).
LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on MICEX-RTS.

For more details please contact:
LSR Group Press Service
Tel.: +7 812 314 10 44
Fax: +7 812 458 83 72
E-mail: press@lsrgroup.ru
www.lsrgroup.ru