OREANDA-NEWS. May 16, 2008. PIK Group (LSE: PIK), one of Russia’s leading residential real estate developers announces the annual general meeting of shareholders.

Hereby PIK Group located at the address: bld.1, 19, Barrikadnaya str., Moscow (hereinafter referred to as the "Company") notifies you that the Annual General Meeting of Shareholders of the Company (hereinafter referred to as the "Meeting") will be held in the form of the meeting (joint attendance of the shareholders for the purpose of discussion of the issues on the agenda and taking decisions on issues put to vote) on 25 June 2008, and such Meeting is convened in accordance with the resolution adopted by the Board of Directors of the Company on 15 May 2008, Minutes № 20.

Venue of the Meeting: the Big Hall of the Business Center "Premier Plaza", 3, pereulok Kapranova, Moscow (subway station "Krasnopresnenskaya").

The meeting will begin at: 11:00 a.m.

Registration of persons participating at the Meeting will commence at: 9:00 a.m.