(3 February 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 its sales results for the year ended 31 December 2011 in its key development projects Pavlovo, Pestovo and Martemyanovo.

• For 2011 the Company signed 301 contracts for 37,200 sq. m of residential real estate and 3,500 sotkas (35 hectares) of land all totalling US$150.7 million. In Q4 the total of 68 contracts were signed totalling US$30.0 million and accounting for 20% of the annual volume. Out of total contracted revenue Pavlovo brought US$82.2 million, Pestovo US$35.7 million and Martemyanovo US$32.8 million
• Significantly increased the number of mortgage deals. During the year the Company signed 57 mortgage contracts totalling US$20.6 million, which represented 14% of total 2011 sales, or more than seven times increase from the previous year. Share of mortgage deals in Q4 2011 accounted for 21% (21 contracts signed) of total sales for the quarter and was equal to US$6.8 million
• For 2011 share of contracts with deferred payment terms (on average equal to six months) was 19% dropping by 25% in 2010
• Total cash collected was US$135.6 million

Operational Update:
In total in three residential communities during 2011 the Company signed 301 contracts with total contracted revenue of US$150.7 million, which is 125% higher than in 2010.

Units

Contracted Revenue, US$’000

Mortgage sales

Contracts with differed payment terms

Total cash collected

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For further information, please contact:

Investors:

Stanislav Joukov +7 495 363 2211, ext. 2388

Media:

Anna Rogova +7 495 363 2211, ext. 2513


About OPIN

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 US$2 billion.
Further details can be found on the OPIN website at www.opin.ru