INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions KEY FACTS NBUIG: GENERAL INFORMATION Founded on March 31, % subsidiary of the National Bank for Foreign Economic Activity of the Republic of Uzbekistan Registered capital – USD 31,1 mln. ACTIVITYDEVELOPMENTCOOPERATIONPARTNERSOVERVIEW

NBUIG: GENERAL INFORMATION ACTIVITYDEVELOPMENTCOOPERATIONPARTNERSOVERVIEW INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions The decrees stipulate active involvement of commercial banks into direct management over enterprises in Uzbekistan: Decree of the President of the Republic of Uzbekistan No.4053 dated November 18, 2008 Directive of the President of the Republic of Uzbekistan No.4010 dated November 19, 2008 LEGAL FRAMEWORK

NBUIG: GENERAL INFORMATION ACTIVITYDEVELOPMENTCOOPERATIONPARTNERSOVERVIEW INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions Restructuring of enterprises of Uzbekistan ACTIVITY GOALS Asset management Attracting capital investments

NBUIG: GENERAL INFORMATION ACTIVITYDEVELOPMENTCOOPERATIONPARTNERSOVERVIEW INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions STRATEGIC OBJECTIVES ATTRACTING SELLING FOREIGN INVESTMENT COMPANIES INTERNATIONAL AUDITING AND CONSULTING COMPANIES FOREIGN EXPERTS OF TO for participation in capital of NBUIG to develop joint business in Uzbekistan to optimize activity of NBUIG and the companies under management to improve effectiveness of management by manufacturing enterprises STRATEGIC FOREIGN INVESTORS industrial enterprises

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions ASSET MANAGEMENT Textile Construction Materials Agro Processing / Food Industry Tanning Pulp Production industriesenterprises BESHARIQ TEXTILE ACTIVITY’S KEY DIRECTION – ASSET MANAGEMENT DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY

ACTIVITY’S KEY DIRECTION – ASSET MANAGEMENT DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions AGGREGATE FIGURES OF NBUIG’S ACTIVITY USD 3.4 mln 869 USD 5.1 mln USD 3.9 mln USD 13.3mln 1598 USD 18.35mln USD 7.46mln USD 17.8mln 1960 USD 23.1mln USD 11,5mln USD 11.1mln 2406 USD 23,6mln USD 16mln Enterprises under management Investments Employment Production Export

ACTIVITY’S KEY DIRECTION – ASSET MANAGEMENT DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY ENTERPRISES FOR ILLUSTRATION: CHINOZ TEXTILE INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions Establishment date: Bankrupted company: Production capacity: Equipment manufacturers: Number of employees: Main importing countries: December 25, 2008 Chinoz To’qimachi Ltd., JV (started in 2001) 5300 tons of combed cotton yarn Ne 30/1 per year, incl.2500 tons of severe knitted fabric per year Ohtori-Trützschler,Howa,Toyota,Muratec (Japan), Vanguard(USA), Atlas Copco(Belgium), Uster (Switzerland), Mesdan (Italy) 550 Curretly – Turkey, iran Being negotiated – Italy, Russia, Ukraine

ACTIVITY’S KEY DIRECTION – ASSET MANAGEMENT DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY ENTERPRISES FOR ILLUSTRATION: ASIA PIPEPLAST INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions Establishment date: Bankrupted company: Production capacity: Equipment manufacturers: Number of employees: December 25, 2008 Hobas-TAPO, JV (started in 2000) km of CC-GRP (centrifugally cast glass fiber reinforced) pipes and fitting per year, diameter 200–2400 mm. Hobas (Germany) 100 Main areas of CC-GRP pipes application: Main advantages of CC-GRP pipes: Sewage and water-supply networks 70 years guarantee – long term economic efficiency. High level of rigidity and resistance to external exposure – long term operation life. Low weight, coupling connection – easy and fast installation. Production capacities of Asia Pipeplast LLC are secured by the demand of the internal market until 2020.

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions DEVELOPING COMPANY’S ACTIVITIES DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY NBUIG’s DEVELOPING ACTIVITIES Consulting services MarketingBrokerage and Depositary services Corporate advisory Advisory to investors Introduction and access to local market Market researches: - commodities - sales promotion Market surveys: - cotton - nonferrous materials Brokerage services - commodities - securities Depositary service

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions COOPERATION WITH FOREIGN BUSINESS PARTNERS DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY CREATION OF JOINT-VENTURE ON THE BASIS OF NBUIG What are we seeking for? EXPERIENCE EXPERTISE GLOBAL TRUST Uzbekistan Government and NBU support High capitalization Diversification of business, involvement of the Partner’s potential into organization, management and development of business High capitalization Use of NBU and the Partner’s brands No.1 player in the market of financial services in Uzbekistan Expansion of global presence – gateway to Central Asia CAPABILITIESADVANTAGES

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions COOPERATION WITH FOREIGN BUSINESS PARTNERS DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY STRATEGIC INVESTMENTS – M&A CREATION OF JOINT-VENTURES ON THE BASIS OF COMPANIES UNDER MANAGEMENT Tax privileges. Investment Agreement – guarantee for profit and capital repatriation Experience of sales of the companies under management 15 NBU’s enterprises Total cost USD 269 mln

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions COOPERATION WITH FOREIGN BUSINESS PARTNERS DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY SALES OF MANUFACTURED PRODUCTS

COOPERATION WITH FOREIGN BUSINESS PARTNERS DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY MACHINERY SUPPLY. EXPERIENCE EXCHANGE. INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions MACHINERY SUPPLY: - Reconstruction, modernization and expansion of production. - Spare parts and components. NON-TECHNICAL COOPERATION: - Experience exchange. - Personnel training and education.

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions NBUIG’s KEY PARTNERS DEVELOPMENTCOOPERATIONPARTNERSOVERVIEWACTIVITY KEY PARTNERS CHAMBER OF COMMERCE AND INDUSTRY OF UZBEKISTAN - foreign investors - equipment manufacturers - production distribution - raw material and spare parts - technical expertise ITALIAN-UZBEK CHAMBER OF COMMERCE SGS SA (Switzerland) INTERNATIONAL FINANCIAL INSTITUTIONS - technical audit - ISO 9001: technical assistance - experience exchange - cooperation in personnel training

INTRODUCTION TO NBU INVEST GROUP: General Overview and Cooperation Directions More information about NBU Invest Group and contact details are available at the corporate website at