OREANDA-NEWS. 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 H1 2013 sales results in its key development projects Pavlovo 2, Pestovo, Pestovo Life, Martemyanovo and two new projects Vesna and Park Rublevo.

§ For the first half 2013 the Company signed 371 contracts for RUB3.0 bn. In rouble terms revenue increased by RUB1.5 bn or 104% in comparison with the same period last year, which is due to the start of sales in Company’s two new multi-apartments projects. Out of total contracted revenue Pavlovo 2 brought RUB571.1 mln, Pestovo RUB573.4 mln, Pestovo Life RUB54.1 mln, Martemyanovo RUB184.3 mln. RUB812.6 mln and RUB818.0 mln of revenue came from the sales in two new projects Vesna and Park Rublevo.

§ During the first six months the Company signed 136 mortgage contracts totalling RUB582.7 mln, which represented 19% of H1 2013 deals.

§ For 1H 2013 share of contracts with deferred payment terms (on average within one year) was 9.5%.

§ Total cash collected was RUB2.5 bn.