PJSC LSR Group (“LSR” or the “Company”) (LSE: LSRG; MOEX :LSRG), one of the leading real estate developers and building materials producers in Russia, today announces that Fitch Ratings has upgraded LSR’s Long-Term Issuer Default Rating (IDR) to ‘B+’ from ‘B’. The Outlook on the IDR has been revised to Stable from Positive.

Simultaneously, Fitch has upgraded the senior unsecured rating of the outstanding bond issues to ‘B+’/’RR4’ from ‘B’/’RR4’.

For more information please contact: 
Investor Relations
Igor Tsoy 
Director of Investor Relations
E-mail: IR@lsrgroup.ru

Media Relations
LSR Group Press Service
E-mail: press@lsrgroup.ru