Etalon Group PLC Notification of EGM

01 March 2021

ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established residential real estate developers, announces that The Board of Directors of the Company held a meeting on 26 February 2021 and decided to convey an extraordinary general meeting of shareholders (“EGM”) that will be held on Monday, 22 March 2021, at 11:00 am Cyprus time.

The Company's Board of Directors proposes that the EGM authorise the Board of Directors to consider a potential share capital increase for a potential placement as further described in the Notice of EGM. If approved, proceeds from such placement will be used for the acceleration of the Company's investment programme and business expansion.

Detailed information on the proposed resolutions is available in the Notice of EGM and Form of Proxy, which were sent to shareholders on 1 March 2021. Copies of these documents have been submitted to the National Storage Mechanism and will shortly be available for inspection at data.fca.org.uk. The Notice of Meeting is also available on the Etalon Group website at www.etalongroup.com.

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

Contact Information

Etalon Group

IR Team
T: +44 (0) 20 8123 1328
E: ir@etalongroup.com

EM

Sam VanDerlip
T.: +44 207 002 7859
E: vanderlip@em-comms.com

About Etalon Group

Founded in 1987, Etalon Group is one of Russia’s largest development and construction companies. The Company focuses on middle class residential real estate in the Moscow and St Petersburg metropolitan areas. With a more than 30-year history, Etalon Group has one of the longest and most successful track records in the Russian real estate industry. Since its foundation, Etalon Group has commissioned 7.5 million sqm of real estate.

The Company is vertically integrated, which helps it to control costs, quality and timing, as well as maintain best-in-class profitability. Etalon Group employs over 5,000 people, and its nationwide sales and marketing network covers 57 Russian cities.

In 2019, Etalon Group acquired and consolidated 100% in Leader-Invest, one of Moscow’s largest residential developers by size of land bank and number of projects currently available for sale.

Etalon Group’s total assets comprise 33 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 3.3 million sqm, as well as a construction and maintenance division. Colliers International valued the Company’s total assets at RUB 188 billion as of 31 December 2019.

For the year ended 31 December 2020, Etalon Group’s new contract sales totalled 538 ths sqm, or RUB 79.9 billion. Deliveries in 2020 amounted to 540 ths sqm.

The Company recorded a record revenue of RUB 84.3 billion and EBITDA of RUB 8.9 billion for the year ended 31 December 2019.

Etalon Group’s GDRs have been traded on the Main Market of the London Stock Exchange since 20 April 2011 and on the Level 1 List of Moscow Exchange since 31 January 2020 under the ticker ETLN.