Kyiv, 11 May 2012 – TMM Real Estate Development Public Limited ("TMM" or "the Company") announces that effectively from today its GDRs are traded in the Entry Standard of the Regulated Unofficial Market Segment of the Frankfurt Stock Exchange. The upgrade from the First Quotation Board, where TMM's securities were traded before, was arranged by the Company pursuant to reorganization of market segmentation on the Frankfurt Stock Exchange. As part of the listing in the Entry Standard, TMM will now be obliged to fulfill certain requirements, such as issuance of ad-hoc releases and timely financial reports publication. Mykola Tolmachov, CEO of TMM: "We chose being a public company...

Kyiv, 25 January 2012 – TMM Company started pre-sales of apartments in the second phase of Sonyachna brama business-class residential complex at 73-79 Lomonosova str., Kyiv. The second phase comprises 311 apartments with the total sellable area of 37,000 sq m. The minimal price per square meter for apartments in the second phase is UAH 11,800. The planned total cost of construction works at the second phase of the complex amounts to UAH 268 million incl. VAT. As of 01.01.2012 the level of the second phase completion is 35% in monetary terms. Currently over 400 construction workers are working on the construction site. Commissioning of the second phase of the complex is scheduled for...

Kyiv, 29 November 2011 – TMM Company in partnership with JSC "Oschadbank" started a loan program for buyers of completed properties in TMM's projects in Kyiv and Kharkiv – a 20-year 12% rate mortgage in local currency with a minimal downpayment of 30% of the total property value and repayment by equal parts. The offered program is applied to 7 residential complexes put into operation by TMM in Kyiv and Kharkiv, including the first stage of Sonyachna brama complex. Alexey Govorun, Deputy CEO of TMM: "Together with Oschadbank we are glad to offer our customers the most attractive 20-year mortgage rate in the current lending market*. Moreover, TMM and JSC "Oschadbank" are...

Kyiv, 06 October 2011 – TMM Company and CJSC Oschadbank have signed an agreement increasing the company's credit limit by UAH 500 million. The funds will be directed to completion of the second, third and fourth stages* of Sonyachna brama residential complex (73-79 Lomonosova str., Kyiv). The line of credit maturity date is 28 September 2016. Mykola Tolmachov, TMM's CEO: "We highly value the trust of a state bank. The credit line with Oshadbank allows the company to diversify the sources of the project funding and to continue construction of 2nd, 3rd and 4th stages of the complex at the highest pace. Currently around 40% of the apartments in the first stage are available for sale as...

Kyiv, 20 September 2011 – TMM Company and Kyiv Taras Shevchenko National University have confirmed their partnership in realization of Sonyachna brama project, a large-scale residential complex at 73-79 Lomonosova str., Kyiv, by signing a new version of the Investment Agreement, which was approved by the Ministry of Education of Ukraine. The parties express mutual satisfaction with the achieved results and confidence in their future effective cooperation in relation to construction of the second, third and fourth stages of Sonyachna brama complex. Under the terms of the agreement, commissioning of the whole complex is scheduled for the second quarter of 2014 with a right of...

Kyiv, 8 September 2011 – TMM Real Estate Development PLC (FRA: TR61) (the "Company"), Ukraine's leading real estate development and construction company, announces that it has published Consolidated Financial Statements under IFRS for the year ended 31.12.2010 audited by Ernst & Young Cyprus Limited. Key Financial Highlights: Revenue – USD 51.3 mln compared to USD 42.2 mln in 2009 Profit for the year – USD 17.0 mln compared to loss for the year USD 14.3 mln in 2009 Total assets as at 31 Dec 2010 – USD 374.2 mln compared to USD 356.8 mln as at 31 Dec 2009Larysa Chyvurina, the Company's Chief Financial Officer commented: "We welcome the favorable resolution of the legal...

Kyiv, 18 July 2011 – The Higher Economic Court has resolved the dispute, which had been initiated by the Ministry of Education of Ukraine (the Ministry), in favour of the Kyiv City Council, Kyiv Taras Shevchenko National University (the University) and Firma "T.M.M."-LLC (TMM or TMM Company). The Higher Economic Court has annulled the rulings of the preceding courts – Kyiv Economic Court and Kyiv Economic Court of Appeals, both in favour of the Ministry. Furthermore, the Higher Economic Court dismissed a claim of the Ministry against the Kyiv City Council, the University and TMM. Thus, the higher court confirmed legitimacy of the construction process on the land plot located at...

Kyiv, 14 April 2011 - TMM Real Estate Development Plc (FRA: TR61) (the "Company"), Ukraine's leading real estate development and construction company, announced today its 2010 consolidated results (IFRS-based, derived from management accounts), reporting a full year 2010 Net Profit of US$17.4 million. Key Financial Highlights:Revenue – USD 64.4 mln compared to USD 42.2 mln in 2009Profit for the year – USD 17.4 mln compared to loss for the year USD 14.3 mln in 2009Total assets as at 31 Dec 2010 – USD 363.3 mln compared to USD 356.8 mln as at 31 Dec 2009TMM's Founder and CEO Mykola Tolmachov commented: "2010 saw a strong upswing in TMM's business. During the year we completed...

Kyiv, 21 February 2011 – Firma "T.M.M."-LLC announces its FY2010 results under Ukrainian Accounting Standards. Key financial indicators of TMM Company for the year ended 31 December 2010 were as follows:Gross revenue – UAH 506.9 million, 32% increase y-o-y (FY2009 gross revenue amounted to UAH 384.7 million);Net revenue - UAH 422.4 million, 34% increase y-o-y (FY2009 net revenue amounted to UAH 316.3 million);Net income – UAH 90.4 million, 4.7x increase y-o-y (FY2009 net income amounted to UAH 19.3 million).Under Ukrainian Accounting Standards (as well as under IFRS) revenue is recognized upon commissioning of a real estate project. In 2010 TMM Company put into operation 6...

Kyiv, 24th January 2011 – At present TMM is involved in the legal proceedings initiated by Ministry of Education and Science of Ukraine (hereinafter – the Ministry), who filed a claim with Kyiv Court of Commerce against three respondents – Kyiv City Council, Kyiv National Taras Shevchenko University (hereinafter – the University) and Firma "T.M.M."-LLC (hereinafter – TMM or the Company). The subject of the claim was nullification of the Kyiv City Council resolution changing the purpose of use of a land plot located within Lomonosova, Kovalevskoii and Vasylkivska streets (hereinafter – the Land plot). On the back of this, the Ministry also filed a claim to...