1. Integrated Saw-Mill Complex in Korosten, Ukraine
2015

2. Table of Contents : Raw-Materials procurement Layout Sawmill Project
Material Flow
Selected Technology + Equipment Overview
Material Balance + Finished goods range
Markets for Finished Goods
Time Schedule and Startup Sequences
Administration (Staff + Purchase + Sales)
Investment Costs
This Overview of the Korosten SawMill Complex (“Company”) has been prepared by PJSC Asset Management Company “Forum” (“Forum”), and is being provided to a limited number of parties solely for the purpose of exploring a potential Transaction to finance the Company. The information being provided and any other information you may receive in connection with this Transaction, oral or written, is confidential. Neither Forum nor the Company has independently verified any of the information contained herein, nor do we make any representations or give any warranties as to the accuracy or completeness of the information contained herein. This Overview contains descriptive materials, financial information, and other data compiled for the convenience of parties interested in contemplating the Transaction. Forum, on its own behalf, and the Company, expressly disclaims any liability for representations, expressed or implied, omissions from or errors in this Overview, or any other written or oral communication transmitted in the course of evaluating a potential purchase. This Overview does not constitute an offer to accept any proposal, but is merely a solicitation of interest with respect to the Transaction.

3. Marketing and Economic base for the Project
Project summary
Unibudinvest Group considers to arrange financial partner for construction of the first large-scale integrated SawMill Complex in Ukraine – Korosten SawnMill Holding Company
Targets of the project:
Processing of round logs from Ukrainian forestry into value-added products
Mission :
Settlement of highly efficient saw-mill technology business in Ukraine to shift export of round logs into high value added products
Marketing and Economic base for the Project
In Ukraine the pricing level of round logs and labour cost are the lowest in EU
The forest growth to cutting volume ratio is stably kept positive in Ukraine
Ukraine is solid exporter of sawn logs
Starting from 2017 the ban for export of pine round logs is coming in force in Ukraine

4. Project summary Location Korosten, Ukraine Construction side, ha 36
Designed capacity, round logs processed per year
Designed product output, in m3/a of boards and other products
Residues utilization total, in tons
Residues selling volume
Wood pellets output from residues utilization, tones/a
Actual Status
construction works
Project start-up
4Q 2014
Projects start-up
1Q2016

5. 0.1 Basic Information Geography Kyiv + Korosten Korosten
approx. 150 km
Kyiv
Kyiv + Korosten
Berlin – Korosten approx km
Korosten – Odessa approx. 620 km

6. 1.0 Raw-Materials Procurement
The main source of raw-materials for Korosten Sawmill Complex is forestries located in 200 km radius proximity to the Complex
Maps of Forests
Ukraine
- The nothern region of Ukraine is characterized by high acreage of pine forestry

7. 1.0 Raw-Materials Procurement
Which type of wood species, dimension and quantity are available around Korosten (in a circle of approx. 200 street km)?
Pine
approx.150 km
Korosten
Kyiv
Extract of Maps of Forests Ukraine

8. 4 3 2 5 9 6 7 1 8 2.0 Layout Sawmill Project v 7
Location of Production Units: 4 3
1 Log Yard 2 5
2 Saw Line 9
3 Sorting + Stacker Plants 6
4 Kilns
5 Storage of dried Packages 7 1
6 Planing Mill
7 Glued Wood Production 8
8 Hot Water Boilers
9 Pelletizing

9. 4.0 Selected Technology + Equipment Overview
Log yard: Holtec

10. 4.0 Selected Technology + Equipment Overview
Log yard: Holtec „Chainless“
Material flow
Technological Advantage:
This complete section is driven
without any chains.
This has the advantage as less maintenance cost will appears in long-term monitoring.

11. 4.0 Selected Technology + Equipment Overview
Log yard: Holtec „Butt End Reducer“
Technological Advantage:
This butt end reducer homogenized the unshapely butt end of the log, so that the debarker and the chipper of the sawline have less problems with debarking or chipping the unshapely logs. This butt end reducer has one of the fastest reducing processes.

12. Advantage with figures, see over the next slide
4.0 Selected Technology + Equipment Overview
Saw Line: Linck „Gap“ + „Top End First“
Advantage with figures, see over the next slide

13. Advantage with figures, see next slide
4.0 Selected Technology + Equipment Overview
Saw Line: Linck „Gap“ + „Top End First“
Technological Advantage:
The gap, which is needed for the adjustment of the tool axis, will generated in the line and not in front of the line, like the competitors are doing this.
minimum gap
180 m/min
170 m/min
165 m/min
160 m/min
Advantage with figures, see next slide

14. Standard position and sideboard width without optimization
4.0 Selected Technology + Equipment Overview
Saw Line: Linck „Sideboard Optimization“
Sideboard optimization result and corresponding log
Standard position and sideboard width without optimization

15. Advantage with figures, see next slide
4.0 Selected Technology + Equipment Overview
Saw Line: Linck „Sideboard Optimization“
Sideboard without optimization and corresponding log with „virtual sideboard“ (blue stripes)
Advantage with figures, see next slide

16. 4.0 Selected Technology + Equipment Overview
Saw Line: Linck „Sideboard Optimization“
Without sideboard optimization:
the position, thickness and width of the sideboards are fix. Ovality, bending and above average conicity are only considered by experience of the production planning. Without or less experience  bad results!
With sideboard optimization:
the position, thickness and width of the sideboards are modified from log to log!
Ovality, bending and conicity are considered from each log!
Advantage with figures, see next slide

17. 5.0 Finished goods range
Explanations:
Main product
Sideboards

18. 5.0 Finished goods range
Profiles (sideboards planing line 2), extract and examples:
Sideboards (dried), only destacking and packaging, pallet-boards, same dimensions as green:

19. 5.0 Finished goods range
Glued wood products made out of sideboards:

20. 5.0 Finished goods range
Glued wood products made out of main products:
Triolam:
Duolam:
Cross-Beams:
KVH:

21. 5.0 Finished goods range Destacked main products:
S4S planed main products:

22. 5.0 Finished goods range
Planed main product, profiles, planing line 2:

23. Engineering Team HEPHEISTOS GmbH
Chief consultant – Ingenieur-Büro Martin Henne, Germany
Private engineering company with over 15 years experience in sawmill industry. IBMH designed and started up several sawmills in EU with capacity over 1,2 mln of logs processed like Sodra Timber, SE and Binder Holz Fugen, AU. Serviced as lead engineer bureau for the start-up of two sawmills of Klausner in in Landsberg/Lech and Sachsen. The owner of the bureau Martin Henne before start as IBMH had solid experience as production manager and CEO of Pfeifer Holz Deutschland, Klausner and Kronospan Brasov, RO..
Technology consultant, energy&peletizing – Hepheistos GmbH, Austria
Engineering bureau, specializes on EU CHP biomass and pelletizing markets. The bureau was founded in 2005 by the group of engineers of BinderHolz GmbH, one of the biggest wood processing company in Central Europe. As engineering consultant was engaged in several projects for Schweighofer, Egger, Klausner.
HEPHEISTOS GmbH