1. OUR BUSINESS IS YOUR BUSINESS STRENGTHENING OF SMALL AND MEDIUM ENTERPRISES THROUGH GUARANTEE SCHEMES AND EU COSME PROGRAM Novi Sad, 20 th November 2014

2. Finest as Equity and Financing partner – Law 19/’91 CENTRAL EUROPE, EAST EUROPE, THE BALKANS, RUSSIA AND CIS COUNTRIES: Albania, Armenia, Austria, Azerbaijan, Belarus, Bosnia-herzegovina, Bulgaria, Czech Republik, Croatia, Estonia, Fyrom (Macedonia), Georgia, Kazakhstan, Kyrgyzstan, Kosovo Latvia, Lithuania, Moldova, Montenegro, Poland, Russian Federation, Romania, Slovakia, Serbia, Slovenia, Tajikistan, Turkmenistan, Ukraine, Hungary, Uzbekistan MED-COUNTRIES : Algeria, Cyprus, Egypt, France, Greece, Israel, Lebanon, Libya, Malta, Morocco, Syria, Spain, Tunisia, Turkey

3. MAIN FIGURES: 20 YEARS OF INTERNATIONAL EXPERIENCE 500 DEALS APPROVED 270 MLN € TOTAL INVESTMENTS MAIN FIGURES: 20 YEARS OF INTERNATIONAL EXPERIENCE 500 DEALS APPROVED 270 MLN € TOTAL INVESTMENTS Financial Specialist for the promotion of economic cooperation between Italy’s Northeastern companies and companies of Eastern Europe, the Balkans, Russia, Caucasus, Baltic Region, CIS and Med Countries INSTRUMENTS : EQUITY: 25/49% 8 Y DIRECT LOAN: 25% 8Y STRATEGIC ADVISORY INSTRUMENTS : EQUITY: 25/49% 8 Y DIRECT LOAN: 25% 8Y STRATEGIC ADVISORY

4. Export credit Market Study- International Fairs Financial subsides for export CCN Local investments to support export activities STEP Export Representative Office Commercial Office Foreign Branch Commercial New.Co Establishment Operative New.Co OPERATIONAL STAGE PRELIMINARY STAGE THE ROAD MAP OF INTERNATIONALIZATION

5. Total Investment since 1993_C OUNTRIES Total Investment since 1993_S ECTORS Mln € T OTAL INVESTMENT SINCE 1993 SERBIA

6. NUMBER OF APPROVED DEALS YtD 499 TOTAL INVESTMENT YtD € 272 ml CURRENT PORTFOLIO – N. OPERATIONS 81 CURRENT PORTFOLIO - EQUITY &FINANCING € 108 ml TOTAL INVESTMENT DEVELOPED YtD (Jointly with Italian co-sponsor) € 1,77 bln NUMBER OF APPROVED DEALS YtD SERBIA 27 (8° Country) TOTAL INVESTMENT YtD SERBIA € 18,6 ml (7° Country) CURRENT PORTFOLIO – N. OPERATIONS SERBIA 7 CURRENT PORTFOLIO - EQUITY &FINANCING SERBIA € 12 ml (of which € 4,3 ml Equity) TOTAL INVESTMENT DEVELOPED YtD SERBIA (Jointly with Italian co-sponsor) € 175 ml (€ 37,2 current) MAIN SECTORS_OPERATIONS YtD SERBIA 1° Construction: 25% 2° Wood/Furniture; Metallurgical:14% 3° Plastic: 11% MAIN DISTRICTS YtD SERBIA 1° Udine: 57% 2° Gorizia: 14% 3° Trieste: 9%

7. 1- Equity 2- Direct Loan 3- Access to Venture Capital funds, State Grants&Subsidies Law 100/’90 (Special financing discounted interest rate) Venture Capital Funds for Balkans area managed by Finest Venture Capital Funds jointly managed Finest-Simest 4- Strategic Advisory Consultancy and services hub for all the steps of internalization process; Preliminary and early stages of the Project Operative stage of the Project FINEST TAKES EQUITY INTO FOREIGN COMPANIES SPONSORED BY ITALIAN INVESTORS. FINEST IS FOCUSED ON INTERNATIONAL STRATEGIC DEVELOPMENT PROJECTS, WITH THE SCOPE TO ENHANCE THE COMPANY VALUE THROUGH INTERNATIONALIZATION AND DIRECT PRESENCE ON INTERNATIONAL MARKETS

8. 1- Access to Venture Capital funds and special financing Exploit Law 100/’90 (Special financing discounted interest rate) Venture Capital Fund for Balkans (Finest equity up to 49% C.S.) 2- Finest strong relationship with Serbian Institutions and Economic Agencies 3-Monitoring and Consultancy on new opportunities (incentives, governative funds and reforms..) for enterprises 4 – Participation to International Cooperation Projects Ex: EASYCONNECTING Project (EUROPE-ADRIATIC SEA-WAY FREIGH) – improvement of integrated plans aimed at multi-modal solutions, especially links between coastal and hinterland in the Adriatic Area, includinc port, airport system and connected services.strenghten and integration of logistic solution, territorial development/ Promotion of common models of sosteinable transport and connective services in the Adriatic Area. Serbian Partners: ALMA MONS ; SERBIAN CHAMBER OF COMMERCE

9. PRELIMINARY STAGE Commercial Partners Research Investment Opportunities Research EXPORT ADVISORY Export Credit Insurance (ST and MLT) Export Credit Finance (ST e MLT) Financial subsidies and guarantees ADVISORY SERVICES Market entering programmes in non EU Countries feasibility studies and technical assistance programmes technical assistance /training post foreign investment RISK MANAGEMENT economic and financial assessment SWOT analysis and market research CORPORATE CONSULTING Strategic consulting Economic and Financial assessment Business plan Corporate finance

10. FINEST SPA Pordenone: 0434 229811 Padova: 049 773901 marketing@finest.it www.finest.it OUR BUSINESS IS YOUR BUSINESS