PJSC PIK Group
PJSC PIK Group: 2Q 2016 Trading Update

PIK GROUP 2Q 2016 Trading Update

MOSCOW, July 18, 2016 – PIK Group (LSE: PIK) released today its trading update for the six months ended June 30, 2016 (2Q2016). The operational and financial data are based on management assessment only and have not been reviewed by external auditors.

1H2016 key operational highlights:

– Total cash collections increased by 39.5% to RUB 41.8 billion (1H2015: RUB30.0 billion.

– Cash collections from sale of real estate to individuals increased by 55.3% to RUB 35.7 billion (1H2015: RUB 23.0 billion).

– Cash collections from construction services and others decreased by 12.8% to RUB 6.1 billion (1H2015: RUB 7.0 billion)

– New sales contracts to customers increased by 77.6% to 405 th. sqm.
(1H2015: 228 th. sq. meters).

– In 1H2016, PIK launched 22 new projects compared to 17 new projects in 1H2015. New sellable area in the buildings put on sale increased by 29.5% to 399 th. sq. meters (1H2015: 308 th. sq. meters).

– Share of mortgage-backed sales reached 49.0% in 2Q2016.

Table 1 – Cash collections summary

Table 2 – New sales contracts to customers

Table 3 – Pre-sales launches summary table

Enquiries:

PIK Group

Some of the information in this press release may contain guidance, projections or other forward-looking statements regarding future events or the future financial performance of PIK Group. You can identify forward-looking statements by terms such as ‘expect,’ ‘believe,’ ‘anticipate,’ ‘estimate,’ ‘intend,’ ‘will,’ ‘could,’ ‘may’ or ‘might,’ or the negative of such terms or other similar expressions. These statements are only predictions and actual events or results may differ materially. PIK Group does not intend to or undertake any obligation to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in PIK Group’s projections, guidance or forward-looking statements, including, among others, general economic and market conditions, PIK Group’s competitive environment, risks associated with operating in Russia, rapid market change, and other factors specifically related to PIK Group and its operations.

This document does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities of PIK Group, nor shall any part of it nor the fact of its distribution form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities of PIK Group.