REG - Etalon Group PLC - Etalon Project to comply with Green GOSTR Standard

EtalonAnnouncement

11/01/2023 07:30

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RNS Number : 3093M  Etalon Group PLC  11 January 2023

11 January 2023

 

Etalon Group Project One of the First to Undergo Pilot Assessment in Line with
Green GOST R Standard

 

ETALON GROUP PLC ("Etalon Group" or the "Company"), one of Russia's largest
and longest-established development and construction companies, announces that
the first building of the Company's Rauta project, in Ekaterinburg, has
successfully completed the preliminary stage of a pilot assessment for
compliance with the GOST R 70346-2022 national green standard for apartment
buildings. The standard was developed by Russia's Construction Ministry
together with the Dom.rf development institute and approved in September 2022.
At the testing stage, the preliminary assessment of pilot projects' compliance
with the standard was carried out by Dom.rf.

 

The Rauta residential complex meets all the standard's key criteria: it offers
class A energy efficiency and a white box finish; water- and energy-saving
systems have been installed; the temperature at the property is maintained at
a comfortable level; the complex is accessible and barrier-free; and the
project meets the requirements for responsible construction. The project also
meets a sufficient number of the standard's additional (optional) criteria for
compliance purposes.

 

Etalon Group and Dom.rf signed an agreement on the joint implementation of a
pilot project to certify the apartment building in accordance with the new
green standard in June 2022. The pilot assessment phase of the project has now
been completed. The launch of a system of voluntary certification in line with
the green standard for apartment buildings in accordance with an approved road
map is planned for 2023. Pilot projects that have completed an assessment will
be the first to be certified.

 

Commenting on the completion of the pilot assessment of the Rauta residential
complex according to the green standard, Etalon Group CEO Gennadiy Shcherbina
said:

 

"For Etalon Group as a developer, it is noteworthy that the standard is
applicable to a variety of projects, regardless of where they are located, and
also that it takes into account the main features of green buildings. The GOST
R standard is based on international experience, but, unlike similar
international standards, it was developed in a dialogue with Russian property
developers and is based on domestic construction standards. In addition, the
standard includes a wide range of criteria, from accessibility to smart
digital solutions. This approach simplifies the certification process for
Russian developers and enables us to create a qualitatively different
residential environment that, we believe, will be in demand among the current
generation of homebuyers."

 

This and other announcements are available on the Etalon Group website:

https://www.etalongroup.com/investor-relations/investor-news/
(https://www.etalongroup.com/ru/investoram/novosti/) .

 

Contact
Info

 

Etalon Group

IR Team

T: +44 (0) 20 8123 1328

E: ir@etalongroup.com

 

EM

E: etalon@em-comms.com (mailto:etalon@em-comms.com)

 

About Etalon Group

Founded in 1987, Etalon Group is one of Russia's largest development and
construction companies. The Company focuses on middle class residential real
estate in the Moscow and St Petersburg metropolitan areas. In 2021, the
Company began a regional expansion programme and has already launched new
projects in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With
a 35-year history, Etalon Group has one of the longest and most successful
track records in the Russian real estate industry. Since its foundation,
Etalon Group has commissioned 7.9 million sqm of real estate.

Thanks to its integrated business model, Etalon Group is able to create added
value for customers and shareholders at every stage of development, from land
plot analysis and acquisition to the operation and maintenance of existing
properties. Etalon Group employs over 4,600 people, and its nationwide sales
and marketing network covers 59 Russian cities.

Etalon Group's assets comprise 27 projects at the design and construction
stages, unsold inventory at completed residential complexes and commercial
properties, with total unsold NSA of 6.0 mln sqm, as well as a construction
and maintenance division. Colliers International valued the Company's total
assets at RUB 270 billion as of 31 December 2021.

In 2021, Etalon Group's new contract sales totalled 446 ths sqm, or RUB 84.4
billion. The Company's revenue in 2021 amounted to RUB 87.1 billion, with
EBITDA of RUB 17.9 billion.

Etalon Group's GDRs have traded on the Main Market of the London Stock
Exchange since 20 April 2011 and in the Level 1 quotation list of Moscow
Exchange since 31 January 2020 under the ticker ETLN.

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