Integrated Saw-Mill Complex in Korosten, Ukraine 2015

Table of Contents : Raw-Materials procurement Layout Sawmill Project Material Flow Selected Technology + Equipment Overview Material Balance + Finished goods range Markets for Finished Goods Time Schedule and Startup Sequences Administration (Staff + Purchase + Sales) Investment Costs This Overview of the Korosten SawMill Complex (“Company”) has been prepared by PJSC Asset Management Company “Forum” (“Forum”), and is being provided to a limited number of parties solely for the purpose of exploring a potential Transaction to finance the Company. The information being provided and any other information you may receive in connection with this Transaction, oral or written, is confidential. Neither Forum nor the Company has independently verified any of the information contained herein, nor do we make any representations or give any warranties as to the accuracy or completeness of the information contained herein. This Overview contains descriptive materials, financial information, and other data compiled for the convenience of parties interested in contemplating the Transaction. Forum, on its own behalf, and the Company, expressly disclaims any liability for representations, expressed or implied, omissions from or errors in this Overview, or any other written or oral communication transmitted in the course of evaluating a potential purchase. This Overview does not constitute an offer to accept any proposal, but is merely a solicitation of interest with respect to the Transaction.

Marketing and Economic base for the Project Project summary Unibudinvest Group considers to arrange financial partner for construction of the first large-scale integrated SawMill Complex in Ukraine – Korosten SawnMill Holding Company Targets of the project: Processing of round logs from Ukrainian forestry into value-added products Mission : Settlement of highly efficient saw-mill technology business in Ukraine to shift export of round logs into high value added products Marketing and Economic base for the Project In Ukraine the pricing level of round logs and labour cost are the lowest in EU The forest growth to cutting volume ratio is stably kept positive in Ukraine Ukraine is solid exporter of sawn logs Starting from 2017 the ban for export of pine round logs is coming in force in Ukraine

Project summary Location Korosten, Ukraine Construction side, ha 36 Designed capacity, round logs processed per year 1 200 000 Designed product output, in m3/a of boards and other products 650 000 Residues utilization total, in tons 600 000 Residues selling volume 299 345 Wood pellets output from residues utilization, tones/a 140 850 Actual Status construction works Project start-up 4Q 2014 Projects start-up 1Q2016

0.1 Basic Information Geography Kyiv + Korosten Korosten approx. 150 km Kyiv Kyiv + Korosten Berlin – Korosten approx. 1.200 km Korosten – Odessa approx. 620 km

1.0 Raw-Materials Procurement The main source of raw-materials for Korosten Sawmill Complex is forestries located in 200 km radius proximity to the Complex Maps of Forests Ukraine - The nothern region of Ukraine is characterized by high acreage of pine forestry

1.0 Raw-Materials Procurement Which type of wood species, dimension and quantity are available around Korosten (in a circle of approx. 200 street km)? Pine approx.150 km Korosten Kyiv Extract of Maps of Forests Ukraine

4 3 2 5 9 6 7 1 8 2.0 Layout Sawmill Project v 7 Location of Production Units: 4 3 1 Log Yard 2 5 2 Saw Line 9 3 Sorting + Stacker Plants 6 4 Kilns 5 Storage of dried Packages 7 1 6 Planing Mill 7 Glued Wood Production 8 8 Hot Water Boilers 9 Pelletizing

4.0 Selected Technology + Equipment Overview Log yard: Holtec

4.0 Selected Technology + Equipment Overview Log yard: Holtec „Chainless“ Material flow Technological Advantage: This complete section is driven without any chains. This has the advantage as less maintenance cost will appears in long-term monitoring.

4.0 Selected Technology + Equipment Overview Log yard: Holtec „Butt End Reducer“ Technological Advantage: This butt end reducer homogenized the unshapely butt end of the log, so that the debarker and the chipper of the sawline have less problems with debarking or chipping the unshapely logs. This butt end reducer has one of the fastest reducing processes.

Advantage with figures, see over the next slide 4.0 Selected Technology + Equipment Overview Saw Line: Linck „Gap“ + „Top End First“ Advantage with figures, see over the next slide

Advantage with figures, see next slide 4.0 Selected Technology + Equipment Overview Saw Line: Linck „Gap“ + „Top End First“ Technological Advantage: The gap, which is needed for the adjustment of the tool axis, will generated in the line and not in front of the line, like the competitors are doing this. minimum gap 180 m/min 170 m/min 165 m/min 160 m/min Advantage with figures, see next slide

Standard position and sideboard width without optimization 4.0 Selected Technology + Equipment Overview Saw Line: Linck „Sideboard Optimization“ Sideboard optimization result and corresponding log Standard position and sideboard width without optimization

Advantage with figures, see next slide 4.0 Selected Technology + Equipment Overview Saw Line: Linck „Sideboard Optimization“ Sideboard without optimization and corresponding log with „virtual sideboard“ (blue stripes) Advantage with figures, see next slide

4.0 Selected Technology + Equipment Overview Saw Line: Linck „Sideboard Optimization“ Without sideboard optimization: the position, thickness and width of the sideboards are fix. Ovality, bending and above average conicity are only considered by experience of the production planning. Without or less experience  bad results! With sideboard optimization: the position, thickness and width of the sideboards are modified from log to log! Ovality, bending and conicity are considered from each log! Advantage with figures, see next slide

5.0 Finished goods range Explanations: Main product Sideboards

5.0 Finished goods range Profiles (sideboards planing line 2), extract and examples: Sideboards (dried), only destacking and packaging, pallet-boards, same dimensions as green:

5.0 Finished goods range Glued wood products made out of sideboards:

5.0 Finished goods range Glued wood products made out of main products: Triolam: Duolam: Cross-Beams: KVH:

5.0 Finished goods range Destacked main products: S4S planed main products:

5.0 Finished goods range Planed main product, profiles, planing line 2:

Engineering Team HEPHEISTOS GmbH Chief consultant – Ingenieur-Büro Martin Henne, Germany Private engineering company with over 15 years experience in sawmill industry. IBMH designed and started up several sawmills in EU with capacity over 1,2 mln of logs processed like Sodra Timber, SE and Binder Holz Fugen, AU. Serviced as lead engineer bureau for the start-up of two sawmills of Klausner in in Landsberg/Lech and Sachsen. The owner of the bureau Martin Henne before start as IBMH had solid experience as production manager and CEO of Pfeifer Holz Deutschland, Klausner and Kronospan Brasov, RO.. Technology consultant, energy&peletizing – Hepheistos GmbH, Austria Engineering bureau, specializes on EU CHP biomass and pelletizing markets. The bureau was founded in 2005 by the group of engineers of BinderHolz GmbH, one of the biggest wood processing company in Central Europe. As engineering consultant was engaged in several projects for Schweighofer, Egger, Klausner. HEPHEISTOS GmbH