1. Increase in ag investments through M&A Bohdan Chomiak, UkrAgroConsult

2. Global Trends

5. Ernst & Young Q3 2012 update indicates that total deals had fallen to 165 and value fell to $24 Billion

6. Global Trends

7. Euro-Denominated Corporate IG Volume: This chart shows the number of deals and the volume in USD billions for Euro-denominated corporate IG bonds from the 1st quarter of 2008 up to and including the 3rd quarter of 2012.

8. Ukraine – The Dark Side 31.10.2012BuySell O/N3546 1W36.7547.5 2W3748.25 1M35.2543 Overnight Cost of Money % SOURCE: NBU 01.01.200801.01.200901.01.201001.01.201101.01.201201.10.2012 Return on assets, % 1.51.03-4.38-1.45-0.760.34 Return on equity, % 12.678.51-32.52-10.19-5.272.32 Credit growth %71%74%0%1%9%1% Commercial Bank Performance Month over Month Change in Reserves $BN SOURCE: NBU

9. Agriculture – Grows Economy - Crawls SOURCE: STATE STATISTICS COMMITTEE Ukraine – Goes with the Force

10. Ukraine – Key Growth Drivers ● Equity Offerings to June 2011 - $1.5 billion ● Debt – Corporate Bonds and Borrowings - $3.5 billion THE PRIMARY DRIVER IS PROFIT

11. Ukraine – Use of Funds

12. Ukraine – Investment Impact Growth of labor productivity 1990 = 100% TOTAL CROP PRODUCTION ANIMAL PRODUCTION

13. Ukraine – Investment Impact Creation of Global Competitors Hatchery Breeder Farm Grain Storage Facility Farms for Young Laying Hens Feed Mill Egg Processing Plant Farms Laying Hens Retail Chains Branded Points of Sale Wholesale Export Direct Sales Export Sunflower Seed Crushing Quality Cold Pressed Oil (B2B) Heating Fuel

14. Ukraine – Two Jeddai Knights MERGER MASTER ACQUISTION MASTER

15. Ukraine - Merger and Acquisition Opportunity Pork Sector Kyiv – 20% of Ukraine’s Total Consumption No dominant player

16. Ukraine – Merger and Acquisition or COOPERATION 3. Invest into logistical capability (Elevators, Port facility etc) 2. I consolidation stage - up to 300 th. ha. (mid sized farms [25-75 th. ha. each]) 5.Leading international agro company 5-STEP STRATEGY 1. Create and lead first agricultural Co-op 4. II consolidation stage to boost total land bank up to 500-1,000 th. ha. (small farms and leading farms [ 75 th. ha.]) Absolute leader producer of agricultural commodities in Ukraine and CIS Source:Lapersa vision Small- and midsized farmers can gain access to modern and efficient agricultural machinery, EU know-how, infrastructure (including storage and port facilities) and better margins by simply Co-operating.

17. Office 5, Timoshenko Str. 29- V, 04205, Kyiv, Ukraine Tel/Fax: +380 44 451 46 34 (multi-channel) agro@ukragroconsult.org UkrAgroConsult offers: Crop forecasts, agricultural markets, pricing S&D of grains and oilseeds in the Black Sea Region and worldwide Export/ import statistics Agricultural market researches (cereals, oilseeds, meat, sugar, elevators, seeds, logistics, etc.) Daily and weekly newsletters for agricultural professionals Analysis of trends in capitalization of Ukrainian agricultural holdings Investment and consulting services