24 April 2023

Etalon Group Announces Changes to Board of Directors

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest and longest-established development and construction companies, announces the results of the meeting of its Board of Directors held on 21 April 2023.

At the meeting, Etalon Group's Board of Directors accepted the resignation of the independent director Charalampos Avgousti from the Board and its Remuneration and Nomination Committee.

Taking the above changes into account, the current membership of the Board of Directors and its committees is as follows.

Board of Directors of Etalon Group:

• Sergey Egorov, Chairman of the Board of Directors, non-executive director;
• Gennadiy Shcherbina, Chief Executive Officer of Etalon Group;
• Dennis Vinokourov, non-executive director;
• Alexander Voloshin, independent non-executive director;
• Boris Svetlichny, independent non-executive director;
• Marina Ogloblina, independent non-executive director;
• Ganna Khomenko, independent non-executive director;
• Vitaly Pyltsov, independent non-executive director.

Strategy Committee:

• Gennady Shcherbina, Chairman of the Committee and Chief Executive Officer of Etalon Group;
• Sergey Egorov, non-executive director;
• Dennis Vinokourov, non-executive director;
• Marina Ogloblina, independent non-executive director;
• Petr Kryuchkov, Etalon Group's Deputy CEO for Corporate Investment and Strategy;
• Artyom Zasursky, Vice President for Strategy and Development at PJSFC Sistema.

Remuneration and Nomination Committee:

• Sergey Egorov, Chairman;
• Ganna Khomenko, independent non-executive director.

Audit Committee:

• Vitaly Pyltsov, Chairman;
• Boris Svetlichny, independent non-executive director;
• Ganna Khomenko, independent non-executive director.

Investor Relations and Information Disclosure Committee:

• Petr Kryuchkov, Chairman;
• Dennis Vinokourov, non-executive director;
• Boris Svetlichny, independent non-executive director.

This and other 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

E: etalon@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. In 2021, the Company began a regional expansion programme and has already launched new projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With a 35-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 delivered 8.6 mln sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create 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 over 4,600 people, and its nationwide sales and marketing network covers 59 Russian cities.

Etalon Group's assets comprise 38 projects at the design and construction stages, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 6.4 mln sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2022 was RUB 288 billion.

In 2022, Etalon Group's new contract sales totalled 292 ths sqm, or RUB 58.7 billion, not including accumulated new contract sales at YIT Russia as of its acquisition.

The Company's revenue in 2022 amounted to RUB 80.6 billion, with EBITDA of RUB 16.5 billion.

Etalon Group's GDRs have been listed on the Main Market of the London Stock Exchange since 20 April 2011 and in the Level 1 quotation list of Moscow Exchange since 31 January 2020 under the ticker ETLN.