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JSC Open Investments: announces Q1 2012 sales results (deutsch)

JSC Open Investments: announces Q1 2012 sales results

EquityStory.RS, LLC-News: JSC Open Investments / Key word(s): Sales

Result/Sales Result

JSC Open Investments: announces Q1 2012 sales results

12.04.2012 / 10:07

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THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY

OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA

JSC OPIN

ANNOUNCES Q1 2012 SALES RESULTS IN KEY PROJECTS

(12 April 2012) Joint Stock Company 'Open Investments' (JSC 'OPIN' or the

'Company') (BLOOMBERG: MICEX - OPIN.RM), the first publicly traded real

estate developer in Russia, today announces its Q1 2012 sales results in

its key development projects Pavlovo 2, Pestovo and Martemyanovo.

Highlights

- For the first quarter 2012 the Company signed 50 contracts for 6.8

thousand sq. m of residential real estate and 560 sotkas (5.6 hectares)

of land all totalling US$25.3 million, which represented an increase

of US$3.9 million or 18% in comparison with the same period last year.

Out of total contracted revenue Pavlovo 2 brought US$13.5 million,

Pestovo US$7.0 million and Martemyanovo US$4.8 million.

- During the first three months the Company signed 3 mortgage contracts

totalling US$0.8 million, which represented 3% of Q1 2012 deals.

- Total cash collected was US$21.1 million.

Units

^

Project Total unsold as Total signed Total signed % change

of 31.03.2012 in 3m 2012 in 3m 2011 2012/2011

Pavlovo 128 32 28 +14%

2

Pestovo 137 8 12 -42%

Martem- 83 10 13 -23%

yanovo

TOTAL 348 50 53 -8%

°

Contracted Revenue, US$'000

^

Project Revenue for 3m 2012 Revenue for 3m 2011 % change in 3m 2012/

3m 2011

Pavlovo 2 13,457 8,929 +51%

Pestovo 6,984 6,739 +4%

Martemya-

novo 4,820 5,707 -16%

TOTAL 25,261 21,376 +18%

°

Total cash collected

^

Current projects Collected in Q1 2012 Including Contracted in 2012

Pavlovo 2 14,641 10,971

Pestovo 2,743 2,312

Martemyanovo 3,665 2,306

TOTAL 21,050 15,589

°

For further information, please contact:

Investors:

Stanislav Joukov [phone] ext. 2388

Media:

Anna Rogova [phone] ext. 2513

About OPIN

Established in 2002, JSC OPIN is one of the leading real estate development

companies operating in Russia.

OPIN is focused on the development of master-planned multi-format

residential communities and the operation of high-quality commercial

properties in Moscow and the Moscow Region. Having completed nearly 200,000

sq. m of commercial space and 500 ha of developed master-planned

communities, today OPIN is a well-recognised brand in the domestic market,

known for the market-leading quality of the projects it delivers. Through

its property expertise and successful track record, the Company's strategic

goal is to become a platform for the consolidation of assets in the real

estate industry in Russia.

The Company's majority shareholder is ONEXIM Holdings Ltd, a major private

investment group in the CIS region with a diversified portfolio of assets

in mining, real estate, financial services, media, energy production and

high-tech.

In November 2004 OPIN was successfully admitted to the RTS stock exchange

and since then has carried out six secondary public offerings, raising

nearly US$2 billion.

Further details can be found on the OPIN website at www.opin.ru

End of Corporate News

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Language: English

Company: JSC Open Investments

Tverskoy blvr, 13/1

123104 Moscow

Russia

Phone: + 7 495 363 22 11

E-mail: [e-mail]

Internet: www.opin.ru

ISIN: RU000A0DJ9B4

End of News EquityStory.RS, LLC News-Service

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