OREANDA-NEWS. October 23, 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 sales results for the nine months 2012 in its key development projects Pavlovo 2, Pestovo, Martemyanovo and a new project Pestovo Life.

For nine months 2012 the Company signed 178 contracts all totalling USD 79.4 million. Out of total contracted revenue Pavlovo 2 brought USD 41.4 million, Pestovo USD 20.7 million and Martemyanovo USD 15.6 million. USD 1.9 million of revenue came from the sales of land plots in the new Pestovo Life community.

During the first nine months the Company signed 35 mortgage contracts totalling USD 17.3 million, which represented 22% of 9M 2012 deals.

Average unit prices were as follows: Pavlovo 2 (apartments – USD 240 thousand, townhouses – USD 540 thousand, cottages – USD 1,450 thousand, plots – USD 870 thousand); Pestovo (cottages – USD 910 thousand, plots - USD 480 thousand); Pestovo Life (plots – USD 160 thousand); Martemyanovo (cottages – USD 610 thousand, plots – USD 300 thousand)

Total cash collected was USD 69.4 million.

Pavlovo 2

Pestovo

Martemyanovo

Pestovo Life

Total

Total signed in Q3 2012, units

49

11

17

4

81

Total signed during 9 months 2012, units

99

26

41

12

178

Contracted revenue in Q3 2012, USD ’000

18,495

7,398

6,017

540

32,450

Contracted revenue for 9 months 2012, USD ’000

41,356

20,652

15,573

1,902

79,393

Total cash collected in 2012, USD ’000

38,421

13,404

16,250

1,290

69,366

Including contracted in 2012, USD ’000

35,475

15,212

14,710

1,290

66,686

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 USD 2 billion.