Monitoring of the Federal Legislation dated 17.07.2012

Order of the Ministry of Finance of the Russian Federation No. 77n of June 13, 2012 on the Endorsement of the Form of Estimate of the Financial Result of Investment Partnership

Specifies the above form.

Order of the Ministry of Regional Development of the Russian Federation No. 225 of June 7, 2012 on the Normative of Cost of 1 Square Meter of Total Dwelling Space for the Second Half-Year of 2012 and the Average Market Cost of 1 Square Meter of Total Dwelling Space for the Subjects of the Russian Federation for the III Quarter of 2012

Endorses the above figures.

Information of the Bank of Russia of July 13, 2012 on the Rate of Refinancing and the Interest Rates for Operations of the Bank of Russia

The rate of refinancing and the interest rates remain the same making 8% annual.