DGAP-Adhoc: TMM Real Estate Development Public Limited announces FY 2017 financial results

TMM Real Estate Development Public Limited announces FY 2017 Financial Results

Kyiv, 04 July 2018 - TMM Real Estate Development Public Limited (ISIN: US87260H1041) ("TMM" or the "Company") announces publication of its consolidated financial statements as at 31^st December 2017 and for the year then ended. The financial statements were prepared in accordance with IFRS and audited by KPMG Limited.

The revenue decreased to USD 16.3 million from USD 32.9 million in the previous year. The loss for the year amounted to USD 6.1 million compared to the profit of USD 1.5 million in FY 2016.

Key Financial Highlights:

The audited consolidated financial statements as at 31st December 2017 are published at the Company's website: www.tmm.ua/en/investors

*- Net Debt is calculated as total interest bearing loans and borrowings less cash and cash equivalents

About TMM:

TMM Real Estate Development Public Limited carries out its main activities through its wholly owned subsidiary, "T.M.M."-Ltd., Ukraine. "T.M.M."-Ltd. is a leading Ukrainian real estate development and construction company delivering residential, office and commercial real estate projects in Kyiv, Kharkiv, and other regions. During its history, the company has completed over 30 projects totalling to around 750 thousand sq m.

For further questions, please contact:

Galyna Posypailo  
Investor Relations Manager 
galyna.posypailo@tmm.ua
Tel: +380 044 593 07 24

Larysa Chyvurina
Chief Financial Officer
larisa.chyvurina@tmm.ua
Tel: +380 044 593 07 11