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PIK Group informs of appointment of Chairman of the Board of Directors

Jun 16, 2010

(LONDON, June 16 2010) - PIK Group (LSE: PIK), one of Russia’s leading residential real estate developers, today informs of the appointment of Mr. Pavel Grachev as Chairman of the Board of Directors of PIK Group.

From 2008 and up to the present, Mr. Grachev has been holding the post of Managing Director of «Nafta Moskva». In 2006 – 2008, he was a member of the Board of Directors of JSC «Polymetal». From 2009 and up to the present, Mr.Grachev is a member of the Board of Directors of «Polus-Gold» and «PIK Group».

In 1998, Mr.Grachev graduated from the University of Trieste (Italy) and Saint Petersburg State University, specialty – jurisprudence.

Enquiries:
Investors
PIK Group                              Tel: +7 495 505 97 33 ext. 1358/1315
Viktor Szalkay
Head of Investor Relations

International media
Citigate Dewe Rogerson          Tel: +44 20 7638 9571
Tom Baldock
Lindsay Noton

Russian media
Dmitry Ivliev                           Tel: +7 495 505 97 33 ext. 1010/1028

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