Energy Expertise in Ukraine October 2015

Our services to energy sector in Ukraine Grant Thornton Ukraine has extensive experience in rendering a wide range of services to energy sector in Ukraine Audit, special audit and due diligence services Advisory services related to reorganization Complex legal and tax and financial advisory support Development of industry-wide costing methodology for Ukrainian oil and gas companies Development of business plans, commercial viability analysis, technical and economic feasibility study and market study Experience in cooperation with financial organizations (European Commission, World Bank, IFC, EBRD, other IFIs and Donors) Monitoring of changes in energy sector in Ukraine and in the World on on-going basis

Services related to general issues of the industry Selected credentials Oil and Gas industry Services related to general issues of the industry Commercial analysis of the project sustainability and metrology market research Metrology center NJSC Naftogaz of Ukraine Business advisory services Oil and Gas industry Participation in the European Commission Program "INOGATE" to develop the concept of reforming Ukraine's gas transit system European Commission “Inogate” Business advisory services Oil and Gas Industry Consulting services related to assistance and representation of the client in the process of debt restructuring, including developing plan, tools and techniques for restructuring NJSC Naftogaz of Ukraine Legal services Oil and Gas industry Advices relating to the Ukrainian-Russian negotiations on oil and gas industry NJSC Naftogaz of Ukraine Legal and business advisory services Oil and Gas industry Audit of financial statement (according to Ukrainian GAAP, IFRS ) NJSC Naftogaz of Ukraine Audit Services Oil and Gas industry Legal services due to the establishment of a number of foreign projects on the distribution of hydrocarbons NJSC Naftogaz of Ukraine Legal services Oil and Gas industry Development of industry-wide costing methodology for oil and gas companies (calculation, accounting and planning of costs of production) NJSC Naftogaz of Ukraine Business advisory services Oil and Gas industry Stock-taking of public property for the Ministry of energy and coal industry used by 42 distribution system operators in Ukraine NJSC Naftogaz of Ukraine Oil and Gas industry Business advisory services

Oil and Gas industry Midstream Selected credentials World Bank Financial Statements and projections of gas transmission and storage operators in Ukraine (on-going project) World Bank Business advisory services Gas Industry Assisting the Company’s management by advising related to automation of financial statements conversion to IFRS into ERP/SAP-system. Advising on technical accounting matters. Uktransgas PJSC Gas industry, TSO and SSO Business advisory services Audit of financial statements according to Ukrainian GAAP, IFRS Ukrtransgas PJSC Gas industry, TSO and SSO Audit services Consulting related to preparation by JSC Ukrtransgas of Local GAAP first time conversion to IFRS financial statements Ukrtransgas PJSC Gas industry, TSO and SSO Business advisory services Consulting related to development of accounting methodology Ukrtransgas PJSC Gas industry, TSO and SSO Business advisory services Compilation of financial reports of oil transmission operator prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine) Ukrtransnafta PJSC Oil industry, TSO Audit services Compilation of financial statements in accordance with IFRS Mykolaivgaz Audit services Gas Industry, local DSO Compilation of financial statements in accordance with IFRS Zhitomirgaz Audit services Gas Industry, local DSO Compilation of financial statements in accordance with IFRS Propangaz Audit services Gas Industry, local DSO Compilation of financial statements in accordance with IFRS Khmelnitskgaz Audit services Gas Industry, local DSO Compilation of financial statements in accordance with IFRS Concern Ukrgaz Audit services Gas Industry, holding company, gas trader Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine) Luhganskgaz Audit services Gas Industry, local DSO

Midstream (continued) Upstream and Downstream Selected credentials Oil and Gas industry Midstream (continued) Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine) Zaporozhyegaz Audit services Gas Industry, local DSO Audit of financial statements Naftogasaliance Audit services Gas Industry, gas trader Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine) Dnepropetrovskgaz Audit services Gas Industry, local DSO Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine) Gas of Ukraine Audit services Gas Industry, Gas trader Reorganization and Restructuring consulting Business processes development Financial and tax advisory in order to improve operational efficiency Naftogazmerezhi Restructuring services Gas Industry, local DSO Upstream and Downstream Compilation of financial reports of the largest gas extraction company in Ukraine (State owned) prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine) Ukrgazdobycha Audit services Gas Industry, gas extraction Transfer pricing advisory and other tax advisory services to the largest private gas extraction company in Ukraine Naftogasdobycha Tax services Gas Industry, gas extraction Vikoil LTD Audit of financial statements Assurance services Confidential - ongoing Project financing services Services related to the fundraising for Oil extraction company Oil extraction Technical assistance in development of presentation materials to potential investors Narodna AZS Advisory services Petroleum products, retail Gas Industry, gas extraction

Leading energy companies in Ukraine Selected credentials Leading energy companies in Ukraine Energy Acting as a legal advisor to one of the leading US engineering companies in the process of implementation of the project of construction of the SFSF Facilities in Ukraine Holtec International Legal services Nuclear fuel and waste management Audit of financial statement of NNEGC Energoatom (monopolist at Ukrainian nuclear energy market) prepared according to IFRS NNEGC Energoatom Audit services Nuclear energy Support, advice, valuation and expertise related to financial and legal issues of investment project of nuclear power plant units’ construction (budget > USD 1bn) ATOMPROJECT ENGINEERING Financial modeling preparation services Nuclear energy Technical assistance in project’s economic feasibility development Ukrenergo Business Advisory Services Energy Technology and services companies Independent financial Due diligence as part of private placement Heating equipment production New Russia Growth Due diligence services ATON Group Transaction services Feasibility study and review of Poland Heat Engineering market Heat Engineering Development of the business plans, technical and economic feasibility study Gas metering Operational improvement services Actaris Metering Systems SA

District heating and other municipal entities in Ukraine Selected credentials District heating and other municipal entities in Ukraine Production, distribution of heat and heat water in Lutsk region Audit of financial statements according to IFRS and preparation of financial statements according to terms of reference of EBRD SME Lutskteplo Kramatorskteploenergo LLC (Contour Global) Power generating enterprise, created on the base of Kramatorsk CHP Grant Thornton provided audit of financial statements according to US GAAP Teplovodoenergiya PJSC Water and heat supply in Kamyanets-Podylskiy Grant Thornton provided audit of financial statements according to Ukrainian GAAP Kyivenergo Electricity, Hot water and district heating supply in Kyiv Business advisory services Technical assistance in project’s economic feasibility development (on-going project) Assurance services Assurance services Assurance services Radisson BLU, Kyiv

Contacts: Oleksandr Chalyi President of Grant Thornton Ukraine Iryna Filippova Director for business development T +38 (0) 44 461 97 21 E iryna.filippova@ua.gt.com Е info@ua.gt.com www.grantthornton.ua