1. EBRD Technology Venture Capital Introduction November 2012 CONFIDENTIAL

2. Overview  Investment Facility: €100m dedicated direct investment facility committed in 2012  Geographic Focus: Former Soviet Union, Eastern Europe, Turkey and MENA  Investments: Early and growth stage technology companies  Team: Dedicated team with VC investment experience  Source of Funding: EBRD (63 countries, the EC and the EIB)  Offices: London (HQ) and 33 regional offices CONFIDENTIAL

3. Investment Strategy  Early and Growth Stage: Technology validated and revenue traction  Local and Regional Leaders: In EBRD’s 29 countries of operations and with global potential  Technology Sectors: Software and Web Services Semiconductors and Materials Communications Technology Mobility and Media Cleantech  Growth capital of €1-10m per company  Active hands-on investor and strong co-investor

4. Geographic Focus CONFIDENTIAL

5. Our Value Proposition  Dedication to technology VC  Strategic guidance  Business development assistance  Recruiting assistance  Media relations assistance  Fundraising assistance  Exit guidance CONFIDENTIAL

6. Investment Team CONFIDENTIAL Bakhrom Ibragimov Founding Principal at Virgin Green Fund, $250m Fund Director at TLcom Capital, €150m Fund Internet Finance Director at Virgin Media CSFB/DLJ TMT sectors London School of Economics, Cambridge ibragimb@ebrd.com +44 20 7338 7219 Rupesh Chatwani Advisor to Promethyan, $12m Seed Fund Director at Add Partners, €175m VC Fund VP at Broadview, Specialist Technology M&A Software (Cadence), Chip design (Data General) London Business School, Northeastern chatwanr@ebrd.com +44 20 7338 7508 Yavuz Kaynar CTO and Director at iLab Ventures, €300m AUM Technology Director at One to One Interactive Technology Architect and Consultant at Computer Sciences Corporation MIT, University of Virginia kaynary@ebrd.com +44 78 8101 3971

7. Advisory Board  Eddie Anderson Partner at Pentech Ventures Formerly co-founder of several software businesses  Giuseppe Curatolo Partner at Pioneer Point Partners Formerly Partner at TLcom Capital, DFJ, Morgan Stanley PE  Graham O’Keefe Partner at Joy Capital, Chairman Display Link Former Partner at Atlas Venture  Lindsay Forbes Director Corporate Equity at EBRD Formerly PE professional at Bank of Scotland CONFIDENTIAL

8.  www.kupivip.ru  Online fashion flash sales  Location: Moscow, Russia  Co-investors: Mangrove, ABRT, Accel, Balderton, Bessemer, Russia Partners, Acton, Intel Portfolio CONFIDENTIAL

9. Contact Details EBRD One Exchange Square London EC2A 2JN UK www.ebrd.com