YEREVAN INTERNATIONAL LOGISTIC CENTRE TRACECA Investment Project Prioritization Meeting May 20, 2011, Tbilisi, Georgia Republic of Armenia

Yerevan Logistic Centre Yerevan Logistic Center is a priority project The aim is to develop a multimodal transport Hub to serve as a Logistic Centre in the area of Zvartnots International airport The envisaged Logistic Centre will be the further expansion of the Master Plan for the development of Zvartnots International Transport The envisaged Logistic Centre will also serve as a dry port and will attract international logistic companies Republic of Armenia

Location Republic of Armenia

Logistic Centre will require construction of new warehouses, transport infrastructure and other facilities for seamless modal shift of air, road and rail transport operations. Construction of feeding transport infrastructure, among them: Roads for linking with North-South road corridor Roads for linking with planned Yerevan bypass Railroads for linking with existing and planned rail network Free economic zone will be established in the area of the proposed Logistic Centre Republic of Armenia

Demand Projection by Cargo Category (Mt) %pa Export s ABase metals & articles thereof % BPrepared food products % CProducts of chemical & allied industries % DMachinery & electrical equipment % ETransport equipment % FOther % Import s GProducts of vegetable origin % HPrepared food products % IBase metals & articles thereof % JProducts of chemical & allied industries % KTransport equipment % LOther % Transi t MFuture potential (undefined) % N0.00 O P Q R Total % Republic of Armenia

Cargo Projection Cargo Projection Medium growth scenario “Most Likely” case Million tones Export s ABase metals & articles thereof BPrepared food products CProducts of chemical & allied industries DMachinery & electrical equipment ETransport equipment FOther Import s GProducts of vegetable origin HPrepared food products IBase metals & articles thereof JProducts of chemical & allied industries KTransport equipment LOther OtherMFuture potential (undefined) N O P Q R Total throughput Republic of Armenia

Project implementation The envisaged preliminary timeframes for the implementation of this project is the following: – 2011 – completing of all paperwork, including feasibility studies, as well as negotiations with interested investors – 2012 – Construction commencement – 2013 – Provision of certain services and letting of the areas at preferential rates with the purpose of attracting businesses – 2015 – Completion of the project and readiness for full operation. Republic of Armenia

Initial investment needed: Construction site preparation – Euros Infrastructure – Euros, including transport infrastructure – Euros and outdoor installation – Euros Storage facilities – Euros Service facilities – Euros Transshipment facilities/equipment – Euros Safety and Security – Euros Other facilities and installations – Euros Planning, Surveying, Soil Investigation – Euros Miscellaneous – Euros TOTAL – Euros Republic of Armenia

Thank you! Republic of Armenia