OJSC LSR Group (LSE: LSRG; MICEX, RTS: LSRG) has summarized the results of the pre-emptive right offering to purchase additionally issued ordinary registered book-entry shares  of OJSC LSR Group (registered in FFMS of Russia under unified state registration number 1-01-55234-Ć-002D on 8 April 2010) placed by open subscription.

The list of shareholders who had pre-emptive rights to purchase the new shares was complied as of 5 March 2010. The total number of shares to be placed was 16,042,508 shares, with a par value of RUR 0.25. The placing price of the new shares for pre-emptive rights holders was set by the Board of Directors of OJSC LSR Group on 30 April 2010 at US$ 41.33 per share.

One application was received in respect of the pre-emptive rights of existing shareholders and, therefore, 9,366,383 shares have already been placed.

Thus, the total number of shares yet to be placed is 6,676,125. The placing price of the shares was set by the Board of Directors of OJSC LSR Group on 30 April 2010 at US$ 45.92 per share. A potential buyer can make an offer to buy shares by a written application in the prescribed form to the CJSC VTB Capital, a professional participant on the securities market and a provider of share placement services to LSR Group. Offers can be made from the date of publication of this announcement until 6 p.m. (Moscow time) on 30 June 2010. Application forms in Russian are available at: https://www.lsrgroup.ru/investors

Please note that placing of the additionally issued ordinary registered book-entry shares of OJSC LSR Group is aimed at reinvestment of the proceeds, received from the Secondary Public Offering, announced this spring by LSR Group into the company.