TMM Real Estate Development : 24.01.2017 - TMM’s cash collections from sales of properties remain flat yoy in 2016

PRESS RELEASE

TMM's cash collections from sales of properties remain flat y-o-y in 2016

Kyiv, 24 January 2017 - In FY 2016, TMM Company's cash collections from sales of properties remained at the previous year's level in UAH terms, decreasing by only 2.6% y-o-y and amounting to UAH 319.4 million (FY 2015: UAH 327.9 million).

Pre-sales in the projects under construction accounted for around 30% of the total sales. Pre- sales are currently underway in the 4th phase of Sonyachna Brama residential complex (Lomonosova St. Kyiv) and Alter Ego residential complex (Laboratornyi Ln. Kyiv).

Sales in Kyiv and Kharkiv constituted 86% and 14% of the total sales volume respectively.

The total sales breakdown by class of property is as follows: business - 82%; premium - 17%; economy - 1%.

About TMM:

TMM is a leading Ukrainian real estate development and construction company delivering residential, office, and commercial real estate. The company's projects are located in Kyiv and Kyiv region, Kharkiv, and Kherson region. During the past 23 years the company has completed over 30 projects totaling to around 750 thousand sq m.

TMM-Ltd., Ukraine, is a wholly owned subsidiary of TMM Real Estate Development Public Limited, Cyprus.

For further questions, please contact:

Larysa Chyvurina Chief Financial Officer Tel: [phone]

[e-mail]

Galyna Posypailo

Investor Relations Manager Tel: [phone]

[e-mail]

This news report is presented for general informational purposes only and should not be construed as an offer to sell or the solicitation of an offer to buy or acquire any securities of TMM Real Estate Development PLC or any of its subsidiaries in any jurisdiction or an inducement to enter into investment activity. Certain statements in this news report are forward-looking statements and, as such, are based on the management's current expectations and are subject to uncertainty and changes in circumstances.