Gruppa Kompaniy PIK : PIK GROUP 3Q 2016 Trading Update

20 октября 2016

MOSCOW, October 20, 2016 - PIK Group (LSE: PIK) released today its trading update for the nine months ended September 30, 2016 (3Q2016). The operational and financial data are based on management assessment only and have not been reviewed by external auditors.

9M2016 key operational highlights:

· Total cash collections increased by 49.3% to RUB 67.9 billion (9M2015: RUB 45.5 billion.
- Cash collections from sale of real estate increased by 65.9% to RUB 58.7 billion (9M2015: RUB 35.4 billion).
- Cash collections from construction services and others decreased by 9.3% to RUB 9.1 billion (9M2015: RUB 10.1 billion)

· New sales contracts to customers increased by 55.7% to 632 th. sqm.
(9M2015: 406 th. sq. meters).

· In 9M2016, PIK launched 33 new projects, (9M2015: 32 new projects). New sellable area in the buildings put on sale increased by 5.6% to 644 th. sq. meters (9M2015: 610 th. sq. meters).

· Share of mortgage-backed sales reached 50.0% in 3Q2016.

Table 1 - Cash collections summary

(in RUB MM)		3Q2015	3Q2016	Change, %	9M2015	9M2016	Change, %
		15 510	26 080	68.1%	45 484	67 889	49.3%
TOTAL GROSS CASH COLLECTIONS
Including:		12 379	22 997	85.8%	35399	58 744	65.9%
Cash collections from sale of real estate		3 131	3 083	(1.5%)	10 085	9 145	(9.3%)

Table 2 - New sales contracts to customers

in '000 sq. meters		3Q2015	3Q2016	Change, %	9M2015	9M2016	Change, %
New sales contracts to customers		178	227	27.5%	406	632	55.7%
Value of retail contracts for apartments and ground floors (in RUB mn)		16 286	24 719	51.8%	36 240	62 981	73.8%

Table 3 - Pre-sales launches summary table

	9M2015	9M2016		Change
New sellable area, 000' sqm	610	644		5.6%
Number of buildings launched for sale	32	33		+1

Enquiries:

PIK Group

Investors	Media
Polina Kurshetsova	Natalia Mikhna
Tel: [phone] ext. 3785	Tel: [phone]
E-mail: [e-mail]	E-mail: [e-mail]

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.

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