Valuation Report PO-17/2015 A portfolio of real estate assets in St. Petersburg and Leningradskaya Oblast', Moscow and Moskovskaya Oblast’, Yekaterinburg, Russia Prepared on behalf of LSR Group OJSC Date of issue: March 17, 2016 Contact details LSR Group OJSC, 15-H, liter Ǩ, Kazanskaya St, St Petersburg, 190031, Russia Ludmila Fradina, Tel. +7 812 3856105,
[email protected] Knight Frank Saint-Petersburg ZAO, Liter A, 3B Mayakovskogo St., St Petersburg, 191025, Russia Svetlana Shalaeva, Tel. +7 812 3632222,
[email protected] Valuation report Ň A portfolio of real estate assets in St. Petersburg and Leningradskaya Oblast', Moscow and Moskovskaya Oblast’, Yekaterinburg, Russia Ň KF Ref: PO-17/2015 Ň Prepared on behalf of LSR Group OJSC Ň Date of issue: March 17, 2016 Page 1 Executive summary The executive summary below is to be used in conjunction with the valuation report to which it forms part and, is subject to the assumptions, caveats and bases of valuation stated herein. It should not be read in isolation. Location The Properties within the Portfolio of real estate assets to be valued are located in St. Petersburg and Leningradskaya Oblast', Moscow, Yekaterinburg, Russia Description The Subject Property is represented by vacant, partly or completely developed land plots intended for residential and commercial development and commercial office buildings with related land plots. Areas Ɣ Buildings – see the Schedule of Properties below Ɣ Land plots – see the Schedule of Properties below Tenure Ɣ Buildings – see the Schedule of Properties below Ɣ Land plots – see the Schedule of Properties below Tenancies As of the valuation date from the data provided by the Client, the office properties are partially occupied by the short-term leaseholders according to the lease agreements.