1. CO-INVEST Group

2. Our Mission CO-INVEST in aiming to set high customer's service standards in valuation, engineering, research and consulting, using full utilization our capabilities and traditions. CO-INVEST in aiming to set high customer's service standards in valuation, engineering, research and consulting, using full utilization our capabilities and traditions.

3. Main Goals We are committed to active and maintain leadership in our fields of activity by meeting customer expectations by being proactive, innovative and honest in providing services based on independent opinion We are committed to active and maintain leadership in our fields of activity by meeting customer expectations by being proactive, innovative and honest in providing services based on independent opinion We created a respectful and meaningful workplace characterized by direct and relevant communication. We created a respectful and meaningful workplace characterized by direct and relevant communication. Those values enable us to attract and retain the best-qualified people, who are always oriented to carry out our mission Those values enable us to attract and retain the best-qualified people, who are always oriented to carry out our mission

4. Company Structure CO-INVEST Inc. CO-INVEST-Expertise Inc. Option Publishing, Inc CO-INVEST Samara Regional Office, CO-INVEST Bryansk Regional Office Partner and field offices in Today CO-INVEST Group links the most qualified professionals in more then 70 districts of Russian Federation and CIS countries Sankt-PeterburgIrkutskEkaterinburgHabarovskPerm' Nizhnii Novgorod UfaKaliningradIzhevskOmskKazan'VolgogradVoronezhMurmanskKrasnodarSochiOrenburgUl'yanovskAlma-AtyPavlodar

5. Company profile Valuation Valuation Engineering Engineering Scientific and research Scientific and research Publishing Publishing

6. Valuation Russian Federation and abroad Russian Federation and abroad Finance, tangible and intangible assets Finance, tangible and intangible assets Investment analyses, business-plan development Investment analyses, business-plan development Investment projects efficiency calculations Investment projects efficiency calculations

7. Engineering Construction estimates and design documentation expertise Construction estimates and design documentation expertise Technical supervision during construction stripe Technical supervision during construction stripe Construction audit Construction audit

8. Research and methodology CONTRACTS WITH: Federal Statistics Agency Federal Agency of Federal Property RAO “EES Company” …and others, such as in statistical calculations of international parity purchasing power in construction in valuing Russian Federation property abroad

9. Publishing VALUATION REFFERENCE BOOKS Industrial Buildings Warehouses Commercial Buildings City Infrastructure Long-distance Infrastructure Residential Buildings Contraction Costs Indexes And various special reference books for Moscow Region Government, RAO “EES Company”, and others

10. History 1990 Company registration. Providing research and consulting service for construction industry 1992 Establishing construction prices monitoring around Russian Federation on monthly basis. The First issue of quarterly bulleting “Construction Cost Indexes” was developed and published. 1994 License for engineering and design service was obtained 1995 Valuation activity starts 1996 Accreditation as information and methodology center of Russian Society of Appraisers

11. History1996 First publication of Valuation reference book “Industrial Buildings”1998 License for valuation activity №000025 obtained 2001 Accreditation as valuation company with Gasprom, RAO “EES Company”, government agencies and others 2003- 2004 Prize winner “The Best Book for Appraisers” 2007 Prize winner RRG “The Best Valuation Company”

12. Stuff Qualification There are 87 employing inside the group Among them there: 2 members of International Construction Economy and Management Academy, 2 members of International Construction Economy and Management Academy, People with PhD degree in economical and technical sciences People with PhD degree in economical and technical sciences There are 26 valuers at the stuff. Some of them are certified by American Society of Appraisers, Royal Institute of Chartered Surveyors (RICS) the European group of Valuers Associations (TEGOVA), Russian Society of Appraisers There are 26 valuers at the stuff. Some of them are certified by American Society of Appraisers, Royal Institute of Chartered Surveyors (RICS) the European group of Valuers Associations (TEGOVA), Russian Society of Appraisers There are 13 professional valuers who are qualified according to Federal Valuation Law There are 13 professional valuers who are qualified according to Federal Valuation Law

13. Ratings and Awards Ratings and Awards show our professional designation The leading positions in “Expert RA” Agency ratings during last several years The leading positions in “Expert RA” Agency ratings during last several years “Economy Strategics” Magazin Rating “Economy Strategics” Magazin Rating

14. Customers ОАО РАО «ЕЭС России» ОАО РАО «ЕЭС России» ОАО «Газпром» ОАО «Газпром» ОАО «РЖД» ОАО «РЖД» ОАО «Сибнефтепровод» ОАО «Сибнефтепровод» ОАО «Мострансгаз» ОАО «Мострансгаз» ОАО «Грознефтегаз» ОАО «Грознефтегаз» ОАО «Лукойл» ОАО «Лукойл» Российский фонд федерального имущества Российский фонд федерального имущества Территориальное управление Минимущества России "Агентство федерального имущества по г. Москва Территориальное управление Минимущества России "Агентство федерального имущества по г. Москва ОАО «Фонд имущества Санкт-Петербурга» ОАО «Фонд имущества Санкт-Петербурга» ОАО «Сибур» ОАО «Сибур»  And many others

15. Pipelines and Oil Terminals valuation experience Oil and Gas Pipelines Oil and Gas Pipelines – Mostransgaz, Bashtransgaz, Uralneftegaz, Orenburggazprom, Grozneftegaz, Transneft', Sibnefteprovod Oil Terminals Oil Terminals – Achinskii, Belgorodskii, Bryanskii, Voronezhskii, Kuibyshevskii, Lipetskii, Novokuibyshevskii, Penzenskii, Priokskii, Rostovkii, Samarskii, Syzran'skii, Tambovskii, Ul'yanovskii

16. Industrial Buildings building construction cost data Oil and Gas extraction, production and distribution Manufacturing industries Paper and allied production Machinery Equipment and supply Health services Food production Chemical and allied production Coal mining Heavy construction Lumber and wood production Metal mining Textile mill production Nonferrous metals production Electronics and other electrical equipment Construction materials production other industries

17. Industrial Buildings

18. Construction Cost Indexes PRACTICE & ANALISYS HOW TO USE DATA 1. INVESTMENTS COST INDEXES 2. CONSTRUCTION COST INDEXES 2.1. GENERAL REGION COST INDEXES 2.2. STRUCTURAL REGION INDEXES 2.3. NATIONAL ECONOMY BRANCHES CONSTRUCTION COST INDEXES TREND 2.4. NATIONAL ECONOMY BRANCHES REGION COST INDEXES 2.5. RUSSIAN FEDERATION CONSTRUCTION COST INDEXES 2.6. COST TRENDS AND FORECAST TILL DECEMBER 1997 2.7. MOSCOW CITY CONSTRUCTION COST INDEX 2.8. MOSCOW REGION CONSTRUCTION COST INDEX 3. CONSTRUCTION EXCHANGE RATES 3.1. ROUBLE RF TO US DOLLAR 3.2. US DOLLAR PURCHASING POWER IN RUSSIAN CONSTRUCTION MARKET 3.3. ROUBLE RF TO CIS CURRENCIES Monthly US dollar to Rouble RF ratio, % 4. RESIDENTIAL CONSTRUCTION 4.1. COST PER 1 SQ.M. IN MOSCOW REGION 4.2. COST INDEXES PER 1 SQ.M. IN MOSCOW REGION 5. ASSEMBLIES COSTS 6. LABOR COSTS 7. MATERIAL COSTS 7.1. MATERIAL COSTS 7.2. INDEXES BY MATERAL CLASSES 8. CO-INVEST REGIONAL COEFFICIENTS 8.1. BUILDING IN GENERAL AND RESOURCES 8.2. STRUCTURAL SYSTEMS 9. MACHINERY and EQUIPMENT

19. Strategy We are committed to continuous learning, can-do spirit and team orientation CO-INVEST Group experience allows to offer our clients fresh ideas, deep knowledge of complicated valuation and engineering problems, unique solutions and maintenance of high professional standards CO-INVEST Group experience allows to offer our clients fresh ideas, deep knowledge of complicated valuation and engineering problems, unique solutions and maintenance of high professional standards