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LSR Group

April 30, 2010

LSR Group Board of Directors determines placing price for the newly issued shares

Today, on 30 April 2010, the Board of Directors of OJSC LSR Group (hereinafter the “Company”), has determined a placing price for the newly issued ordinary registered book-entry shares of the Company (registered under unified state registration number 1-01-55234-Ĺ-002D on 8 April 2010). The shares will be placed by open subscription. The total number of the new shares is 16,042,508 with a par value of RUR 0.25 each.

The placing price for one new share has been set at US$ 45.92. The placing price of the new shares for pre-emptive rights holders has been set at US$ 41.33 per one share. The Company’s shareholders as of 5 March 2010, being the date of compilation of the list of shareholders enjoying pre-emptive rights to purchase the new shares, have pre-emptive rights to purchase the new shares pro rata to their shareholding as of 5 March 2010.

The placement of the new shares commences on 11 May 2010.

The new shares are to be paid for on a non-cash basis in rubles and/or US dollars. The payment in rubles is to be made at the exchange rate of the Bank of Russia effective on the date of payment.
The placement completion date is defined as the earliest of the following dates:
ŕ) The sixth banking day from the publication date in the Interfax newswire and also on the Company’s Internet page ( of an invitation intended for an unlimited range of persons to make offers to buy the new shares; and
b) The date of placing of the last new share issued. However, the placement period for the new shares shall not exceed one year from the date of the state registration of the new share issue.




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