OREANDA-NEWS. OJSC Mostotrest (the Company or, together with its subsidiaries, Mostotrest or the Group) publishes its 2012 financial and operating results (a). Mostotrest, Russia’s leading integrated transport infrastructure construction group, delivered record financial results in 2012. The Group’s record financial result in 2012 was primarily driven by strong growth in construction volumes: revenue increased by 26%, and EBIDA and net profit grew by 22% and 17% respectively. Mostotrest increased its market share to 9.4% (b) in 2012. The Group continued to build a diversified business platform, including in-house design and site preparation ensuring efficient construction as well as concession and road maintenance business.

Key Operating and Financial Results:

· The Group’s market share increased to 9.4%(b) , on the back of a 24% growth in in-house construction volumes (c)

· Order intake(d) amounted to at RUB108.7* billion(e), backlog amounted to RUB304.8 billion

· Revenue rose 26% to RUB123.7 billion, driven by increased construction volumes

· Gross profit grew 14% to RUB14.8 billion, from RUB13.0 billion in 2011, driven by an increase in both in-house and subcontracted(f) construction volumes

· EBITDA(g) increased by 22% to RUB11.6 billion, while EBITDA margin was broadly flat at 9.4%

· Net profit grew 17% to RUB4.3 billion. Adjusted net profit(h) increased by 20% to RUB6.4 billion.

CEO COMMENT

"A solid backlog allowed us to outperform the market and deliver a 24% increase in in-house construction volumes increasing so the Group's market share to 9.4% in 2012.

The Group was able to convert these operational achievements into a record financial results demonstrating an revenue increase of 26% and EBITDA increase of 22%, which is certainly a great success.

This year we have improved our business platform further. First, we were able to acquire a concession business – a 50% stake in NWCC - that allows us to diversify our business toward long-term stable cash flows, effectively complementing the core construction business. Second, we have increased our presence in the services segment through the acquisition of NITP, a road repair and maintenance firm, and we in addition increased our share in United Toll Collection Systems (UTCS), a company specialising in toll roads operation. The services segment appears to be quite promising and has added RUB21 billion in projects to the Group's backlog in its very first year of operation. Third, we have restructured our participation in TSM and ETS, increasing our share in TSM and exiting from ETS. The implementation of our strategy has enabled Mostotrest to build a unique business platform including construction, concession and services."