ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established residential real estate developers, announces the acquisition of a land plot in a new region of operations: the Leningrad region. The Company plans to implement a large-scale investment and construction project.

Etalon Group has completed the purchase of a land plot in Murino, Leningrad region, for the implementation of a major construction project. The site, covering more than 35 hectares, has been acquired together with an approved land-use plan and urban development plan, which will significantly shorten the project timeline. The project, oriented towards the more affordable market segment, will be executed in several phases. The part of the city where the land plot is located is highly promising for further development, as the new residential development is set to benefit from extensive social and transport infrastructure. Over 300,000 sqm of residential space is expected to be delivered under the project.

The terms of the acquisition stipulate payment in instalments over a two-year period following the signing of the purchase agreement.

Etalon Group is a full-cycle developer and will manage all stages of the new project, including design, construction, marketing and sales. The first phase of the project is scheduled to begin in the first half of 2025, with sales also set to commence during this period.

The new project will further diversify the Company’s portfolio and contribute to growth in sales, which were up by a factor of 2.3 in the first half of 2024.

This and other recent announcements are available on the Etalon Group website: https://www.etalongroup.com/investor-relations/investor-news/

IR Team
E: ir@etalongroup.com

E: etalon@em-comms.com

Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 37 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.0 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs nearly 6,000 people, and its nationwide sales network covers 35 regions across Russia.

Etalon Group’s assets comprise 32 projects at the design and construction stages in eight regions, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.9 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2023 was RUB 303 billion.

In 2023, Etalon Group's new contract sales totalled 547 ths sqm, or RUB 105.6 billion.

The Company's revenue in 2023 amounted to RUB 88.8 billion, with EBITDA of RUB 18.1 billion.

Etalon Group’s GDRs have been traded on Moscow Exchange (ticker ETLN) since February 2020.