March 16 th, 2016 Cooperation with ECAs - new opportunities

Company overview Scope of cooperation Benefits

Established in 2001 Owned by Council of Ministers of the Republic of Belarus Strategic goal Development of export credit insurance with State support Company’s insurance portfolio offers 55 kinds of insurance products both for corporate and natural persons

Eximgarant of Belarus Since joining the Berne Union Prague Club in 2002 Eximgarant of Belarus has been actively involved in the work of the Club. supporting trade and investment since 1934 OUR RATING IN BERNE UNION PRAGUE CLUB (34 members) New Business 17 position 13 position 8 position 9 position 3 position - MLT Premium earned 14 position 9 position 6 position 5 position Claims 12 position 14 position 17 position 14 position Recoveries 3 position 9 position 8 position -

Prague Club Berne Union

Export credit insurance for joint ventures; Reinsurance; Covering risks associated with the implementation of any project in Belarus. As a universal insurance company Eximgarant of Belarus covers the whole range of risks associated with the implementation of any project as well as carries out operations within the coinsurance and reinsurance together with foreign insurers

EXPORTER Foreign country SUBCONTRACTOR EXIMGARANT Republic of Belarus 3 Insurance 2 Contract FOREIGN ECA Third country BUYER 4 Reinsurance 5 Export 1 Export contract

IMPORTER Foreign country EXPORTER EXIMGARANT Republic of Belarus 2 Insurance 1 Export contract FOREIGN ECA 3 Reinsurance

Eximgarant of Belarus provides a wide range of voluntary insurance services: Insurance against construction and assembly risks Liability insurance when conducting construction works Insurance of legal entities' property against fire and other dangers Cargo insurance Insurance against employees medical expenses Insurance of bonds issuer's liability for non-fulfilment of obligations Insurance against the risk of non-redemption of the loan Other types

INVESTOR / SPE Foreign country EXPORTER EXIMGARANT Republic of Belarus 4 ECA cover 1 Export contract FOREIGN ECA FOREIGN BANK FOREIGN BANK 3 Financing Repayment BELORUSSIAN BANK BELORUSSIAN BANK Insurance 2 Export goods / services Repayment RISK COMFORT 1 Loan agreement

INVESTOR / SPE Foreign country EXPORTER EXIMGARANT Republic of Belarus 6 ECA cover 1 Export contract FOREIGN ECA 4 Memorandum FOREIGN BANK FOREIGN BANK 3 Financing 7 Repayment 5 Commercial risk insurance 2 Execution  Cutting financing costs  Increasing project feasibility 1 Loan agreement

Unitary enterprise, 100% State-owned - Sub sovereign risk Equity (4,3 trln. BYR) + Official support for export credit insurance In 2015 Fitch Ratings has affirmed the financial strength rating of Eximgarant at B-, the rating outlook is Stable Upcoming IFRS – starting from 2016 Wider access to market information Operative support of insured events Increasing the insurance capacity of projects and their feasibility

Eximgarant of Belarus Polina Maslova Head of International Business Development