OJSC LSR Group (LSE: LSRG; MOEX: LSRG) announces meeting of the Board of Directors on November 18, 2014 with the following agenda: 

1. Approval of changes in the Decision on issue of securities - bonds of OJSC LSR Group series BO-06, approved by the Board of Directors of OJSC LSR Group 01 February 2011, the Protocol No2/2011 as of 01 February 2011 (with Amendments to the Decision on issue of securities approved by the Board of Directors of OJSC LSR Group 11 March 2013, the Protocol No3/2013 as of 11 March 2013).

2. Approval of changes in the Prospectus of securities - bonds of OJSC LSR Group series BO-06, approved by the Board of Directors of OJSC LSR Group 01 February 2011, the Protocol No2/2011 from 01 February 2011 (with Amendments to the Prospectus of securities approved by the Board of Directors of OJSC LSR Group 11 March 2013, the Protocol No3/2013 from 11 March 2013).

3. Approval of transactions in accordance with the Company’s Charter.

Notes to Editors:

OJSC LSR Groupis 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 2013 (according to DTZ), the net sellable area of the projects in LSR Group's real estate portfolio is equal to 7.8m m2 with the market value of RUB 117bn. In 2013, the sales revenue of LSR Group amounted to RUB 65,316m (IFRS). LSR Group is a public company, with its GDRs traded on the London Stock Exchange and its ordinary shares traded on Moscow Exchange. 

For more information please contact:

LSR Group Press Service

Tel.: +7 812 333 11 11

Fax: +7 812 458 83 72

E-mail: press@lsrgroup.ru 

www.lsrgroup.ru