LSR Group, one of the leading real estate developers and building materials producers in Russia (LSE: LSRG, MICEX, RTS: LSRG), announces that today, on 6 August 2008, it was notified by ZAO MICEX Stock Exchange that Series 02 book-entry interest-bearing non-convertible bearer bonds of OJSC LSR Group were included in Quotation List V pursuant to the Issuer’s application and the decision of the MICEX Directorate dated 4 August 2008.

The RUB 5 billion issue of Series 02 bonds by OJSC LSR Group will be placed on 7 August 2008. The number of securities issued will be five million (5,000,000) bonds. The nominal value of securities is one thousand (1,000) roubles each.
State Registration Number 4-02-55234-E was assigned to the bond issue by the Federal Financial Markets Service on 29 May 2008. The manager of the issue is URALSIB Financial Corporation.

Notes to Editors:
OJSC LSR Group is a diversified construction company founded in 1993 and operating in a number of complementary market segments. Its core business areas are building materials, construction and real estate development. The Group includes enterprises for extraction and processing of aggregates, production and transportation of building materials, and housing construction — from mass market large-panel housing to elite property built after designs made by leading domestic and foreign architects.
LSR Group has operations and offices in a number of cities in the Leningrad Oblast, in St. Petersburg, Moscow, Yekaterinburg, Lithuania, Latvia, Estonia, Ukraine and Germany. LSR Group employs over 15,000 people.
In 2005 and 2006, the revenues of LSR Group (according to IFRS statements) were US$ 463 million and US$ 777 million respectively. In 2007, the revenues amounted to US$ 1,403 million.
LSR Group has a B1 rating  from Moody’s Investors Service (outlook – Stable) assigned in July 2007 and confirmed on 30 May 2008 and a B+ rating by Fitch Ratings (outlook – Stable) assigned on 30 May 2008. The Group’s shares are listed on MICEX and RTS and on the London Stock Exchange in the form of GDRs since its IPO in November 2007. 
In 2007, LSR Group was awarded ‘The Company of the Year’ National Award in the ‘Construction’ category.