2017 Joint Stock Company “UZBEKNEFTEGAZ” 10/31/2017 Joint Stock Company “UZBEKNEFTEGAZ” Joint Stock Company “UZGEOBURNEFTEGAZ” Joint Stock Company “BUKHORONEFTGAZPARMALASH” 2017

content 1. General information. 2. The company’s history. 10/31/2017 3. The main activity category. 4. Productive capacity. 5. Equipment modernization. 6. Vehicle’s fleet. 7. Human resources. 8. Quality Management System ISO 9001 : 2008 9. Information about shareholders. 10. Organizational structure. 11. Report on fulfilled volume of works for 10 year period (2009-2016). 12. Forecast on fulfilled volume of works and cash inflow for 2015-2020. 13. Our partner. 14. Potential rivals. 15. Contact information.

10/31/2017 General Information JSC “BUKHORONEFTGAZPARMALASH” – a drilling company, which provides service on drilling oil and gas wells. The company carries out the activity in Bukhara - Khiva and Ustyurt oil-and-gas regions. The company’s considerable production capacities and equipment allow rendering services in oil field at the qualitative level. The realized business - strategy of JSC" BUKHORONEFTGAZPARMALASH” is urged to provide the sustainable and balanced development of oil-extracting resources for the Customers and highly skilled level of workforce. Possessing a unique manpower, the staff of our drilling crews differs in highly skilled personnel. Each employee has an experience of working on drilling rigs Uralmash – ZD, Uralmash – 4E and ZJ – 50 and the average seniority is 8 - 10 years. The company has already had experience in service provision on drilling wells to the large regional oil and gas extraction enterprises, such as LLC Mubarekneftegaz, LLC Gazlineftegazdobycha and LLC Ustyurtgaz.

THE COMPANY’S HISTORY 10/31/2017 1959-1964 1970 1996 2014 16 January 1959 – The enterprise creation, which was on basis of prospecting drilling office No. 1 NPU "Bukhoroneftgaz", since June 4, 1964 it has transformed to "Bukhoroburneft" August 20, 1970 on the basis of liquidated “Bukhoroburneft” trust and its Karaulbazar prospecting drilling office there was created Bukhara drilling department. Since 1996 Bukhara drilling department has transformed into “Bukhoroneftgazparmalash” Open Joint Stock Company. 18 November, 2014 - according to the law of the Republic of Uzbekistan No. 370, 06.05.2014, OJSC “Bukhoroneftgazparmalash” was renamed into JSC “Bukhoroneftgazparmalash”.

The main activity category 10/31/2017 The main activity category Drilling oil and gas wells of any purpose (production and appraisal, including coring) and profile (vertical, directional and horizontal).

The main activity category 10/31/2017 The main activity category Boring crews of JSC “Bukhoroneftgazparmalash” have experience of drilling in difficult geological conditions, such as Kokdumalak and Northern Urtabulak fields (drilling in leach zones), Chilkuvar field (drilling in zones of abnormally high formation pressure), "Southern Kemachi“ and "Dengizkul" fields (drilling vertical, directional and horizontal wells in zones of abnormally low formation pressure).

10/31/2017 Productive capacity Today, park of drilling rigs of our enterprise consists of 11 units, 5th of them are modern Chinese machines; other 6 machines are Russian production Uralmash 3D and 4E. JSC “Bukhoroneftgazparmalash” has in its division CTS (central technical service), three regional technical services (RTS – 1,2,3), 11 boring crews, base of production service (BPS) which includes mechanical shop, construction shop, a rolling repair shop, an electro-repair shop, binding shop (blowout equipment) and car garage.

EQUIPMENT MODERNIZATION For the purpose of updating and modernization of JSC “Bukhoroneftgazparmalash” drilling rigs, it is supported updating and replacement of an outdated drilling equipment stage-by-stage, so for example in 2015 two sets of overhead driving gear system (TDS) DQ50BQ-JH with rails and replacement accessories Instruments have been received, TDS have been mounted on drilling rigs ZJ50DB in Southern Kemachi’s wells No 140 and 136. The remained three machines Chinese production, it is also planned installation of TDS in 2017. In total following the results of updating and modernization in 2016, equipments have been received and mounted on drilling rigs for 5,823 million US dollars.

Vehicle’s fleet Vehicle’s fleet includes – 68 units of various technical equipment. There are: - 14  passenger car - 21 lorries - 16 busesавтобусов - 17 units of special technical equipments (cranes, bulldozers,truck tractor)

Human resources Total number of the staff – 1040 Including: - 13 people - company management - 62 people – office workers - 965 people – industrial workers

10/31/2017 Human resources Considering the modern management requirements to joint-stock companies, in 2016 the company management was trained on “Bases of Management Economic Society" in the National center of training specialists for the new markets, in addition 4 persons of the economic block including chief accountant were trained at the rate of "Practical Application and Formation of Financial Statements according to the International Standards" in Republican Business school. In 2017 more than 50 people will be trained at other different specialized courses including abroad.

Quality Management System ISO 9001 : 2008 10/31/2017 Quality Management System ISO 9001 : 2008 To implement company’s development strategy it is planned to obtain certificate of conformity according to standards required by quality management system in construction all types of operational and appraisal oil and gas wells, and also the other services connected with drilling in the current year for 2015-2020.

Information about shareholders

Organizational structure 10/31/2017 Organizational structure

Report on fulfilled volume of works for 10 year period (2006-2016) Drilled metresметраж ( headway )

Report on fulfilled volume of works for 10 year period (2005-2015) Quantity of wells finished by construction The decrease in the number of delivered wells from 2013 is explained by the increase in the number of drilling of directional and horizontal wells

INFORMATION ON OVERALL DRILLING SPEED Following the results of 2016 an average amount of the actual overall drilling speed reached 547 m/machine*month. At the same time on the field Southern Kemachi (vertical wells) the indicator of the actual overall drilling speed at designed speed 651 m / machine*month has reached 773 m/machine*month.

INFORMATION ON OVERALL DRILLING SPEED During drilling well No. 47 Northern Berdakh, the field in Ustyurt region, at designed speed 600 m/ machine*month the actual overall drilling speed reached 1044 m/machine*month.

Forecast on fulfilled volume of works and cash inflow for 2015-2020 № Item unit of measure Forecast 2015 (fact) 2016 2017 2018 2019 2020 I Headway metre 51306 44015 50000 52000 55000 57000 II  Development of capital investments Million $ 52,669 51,620 54,093 54,627 58,719 60,499 III Balance profit 1,512 1,655 1,708 1,815 1,851 1,9573  IV Net profit 1,228 1,317 1,388 1,459 1,584   * - the sum in US dollars is specified according to the established official rate of the Central Bank Republic of Uzbekistan as of 1/1/2016.

Our partners Oil and gas extracting companies : -LLC «Mubarekneftegaz» - LLC «Gazlineftedobicha» - LLC «Ustyurtgaz» Service companies : -JSC «Neft va kuduklarni sinash» - provides service on drilling directional and horizontal wells.

Potential rivals Drilling companies which are part of JSC “UZGEOBURNEFTEGAZ” : - JSC «Qashkadaryo prmalash ishlari» - LLC «Ustyurt URB» - JSC «Surxondaryo parmalash ishlari» - JSC «Kokand parmalash ishlari»

Contact information Address: 200900, Republic of Uzbekistan, Bukhara region Karaulbazar city, Buyuk Ipak Yuli str. 4 Tel.: +998-65 - 364-16-02; Fax: +998-65 - 364-17-96; Е-mail: info @bngp.uz , buxngp@uzgbng.uz , buhoro-ngp@mail.ru official web-site : www.bngp.uz. Chairman of the board – Rahmatov Faez Hikmatovich