OREANDA-NEWS. October 21, 2011. Joint Stock Company “Open Investments” (JSC “OPIN” or the “Company”) (BLOOMBERG: RTS - OPIN.RU; MICEX - OPIN.RM) the first publicly traded real estate developer in Russia, today announces its sales results for the nine months ended 30 September 2011.

Highlights:

- For nine months the Company signed 233 contracts for 29,000 sq. m of residential real estate and 2,920 are (100 sq. m) of land all totalling USD 120.7 million. In Q3 the total of 83 contracts were signed totalling USD 45.0 million and accounting for 37% of the YTD volume. Out of total contracted revenue Pavlovo brought USD 63.8 million, Pestovo USD 31.2 million and Martemyanovo USD 25.7 million

- Significantly increased the number of mortgage deals due to initiation of special lending programs for customers with a number of banks. During 9 months the Company signed 36 mortgage contracts totalling USD 13.8 million, which represented 11% of total YTD sales. Share of mortgage deals in Q3 2011 accounted for 22% (23 contracts signed) of total sales for the quarter and was equal to USD 10.7 million

- For 9 months the share of contracts with deferred payment terms (on average equal to six months) was 22% of total sales dropping to 14% in Q3 2011