LSR : announces tender offer for global depositary receipts and intended cancellation of their listing on the London Stock Exchange

St. Petersburg, Russia - 21 June 2021 - 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 on 20 June 2021 the Company's Board of Directors considered the equity capital markets strategy of the Company and concluded that maintaining the listing of its Regulation S (ISIN US50218G2066) and Rule 144A (ISIN US50218G1076) global depositary receipts, representing interests in the Company's ordinary shares (the 'GDRs') on the London Stock Exchange (the 'LSE') is not a strategic priority of LSR.

Following such decision of the Board, the Company announces today of its intention for the GDRs to be removed from the Official List of the Financial Conduct Authority and the trading of GDRs on the Main Market of the LSE to be cancelled (the 'Delisting'). An application has been made to the Financial Conduct Authority for the GDRs to be removed from the Official List of the Financial Conduct Authority and to the London Stock Exchange for trading in the GDRs to be cancelled with effect from 2 August 2021.

In the context of the above Delisting, low liquidity of the GDRs and Company's strong commitment to best corporate governance practices, the Board of Directors also approved a tender offer buyback, to be undertaken by AO STROIKORPORACIYA, a wholly owned subsidiary of the Company, inviting GDR holders to submit tenders for the sale to AO STROIKORPORACIYA for cash of GDRs held by them at $2.11 per one GDR (the 'Tender Offer').

Full version of the press release.

For more information please contact:

Investor Relations Maria Rybina Head of Investor Relations E-mail: [e-mail]

Media Relations LSR Group Press Service E-mail: [e-mail]