Statement regarding Holborner Services Limited - новости ПИК от 03 апреля 2012
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03 апреля 2012

Statement regarding Holborner Services Limited

London, April 3, 2012 - OJSC PIK Group ("PIK Group" or "the Company)  announces that it has received a notification from Holborner Services Limited ("Holborner") informing the Company  that on 29 March 2012, a Cypriot court issued an order on discharging the injunction against Holborner dated September 30,  2011 following an ex parte application filed by Forienst Investment Limited ("Forienst").

The injunction concerned an 8.29% stake in OSJC PIK ("PIK") owned by Holborner and in relation to which Forienst has a call option right (exercisable during a two year period from 16 March 2012).

The said injunction ceased to be in force starting from 29 March 2012.


About PIK-Group

PIK-Group is a leading Russian real estate developer, focusing on large-scale residential projects within the Moscow Metropolitan Area and selected Russian regions. Since its foundation in 1994, PIK-Group has become a market leader in  mass market residential property sector completing over 180 000 apartments of affordable housing across the country. The Group  has  a substantial diversified land bank of net selling area over 10 million square meters and a dedicated professional team with over 11,000 employees. Given its brand recognition and the scale of its operations, in 2009 the Russian Government included PIK on the list of the nation’s strategically important companies. For more information please visit: