1. Investment project of KINAP Open Joint Stock Company Mr. Refat Gafarov Deputy Director General CK

2. Common information on the company Type of ownership: Joint Stock Co. Number of workers: 564 persons Year of establishment: 1942 Production of: - the school equipment (devices for studies of physics, chemistry); - electropower (electroforce); - equipment (transformers, power units, welding half automatic devices); - the sound equipment, loudspeakers

3. Common information on the company Shareholders: № Name of the shareholder Share in charter capital 1State 51.0 % 2Personnel 1.1 % 3 Offered for free sale 47.9 %

4. Information on the production Production capacities * the company avails respective certificates of quality Name of a production Capacity p.a. (unit) Price per unit (in USD) Annual turnover (in USD) Set of equipment for chemistry study 205 units 273.3 56 thous. Universal power supply device 9 300 units 40.25 374.3 thous. Set of sound equipment 242 units 454.8 110.1 thous. OTHER PRODUCTION 13 918 units - 631.7 thous.

5. Potential of the company Buildings and Constructions: Name of the object Measure unit Total area Total area of the enterprise Hectare6.6 Including those covered with production areas sq.meter 25 thous. Area of roofed storages sq.meter 3.4 thous. Subsidiary productions (objects of engineering provision) sq.meter 4.9 thous.

6. Engineering communications Name of the resource Measure unit Cost per unit (in soums) Annual need for the creation of production Heatingsq.m. There are special burners and heaters provided by the enterprise itself Heat water Cubic m. Home cold water Cubic m. 240 Enterprise is supplied with all necessary production resources and engineering communications Water for technical needs Cubic m. 240 Natural gas Cubic m. 41.4 ElectricityKilowatt28.2 Sewerage 180

7. Existing equipment * all machines are in the working condition List of equipment Number of equipment (unit) Year of production Metal cutting 263 units 1972 - 1990 Punching 54 units 1974 – 1989 Scissors guillotine 13 units 1971 - 1983 Equipment for plastic production 31 units 1967 - 1991 Equipment for chemical colouring 38 units 1979 - 1991 Other 225 units 1948 - 1990

8. Supply with raw materials Raw materials (main raw materials, used in the production process) Level of the processing in the region (in %) Enamel wire (Uzbekistan) 10% Steel angular and sheets (Uzbekistan) 15% Ground enamel (Uzbekistan) 30% Semi conductor devices (Uzbekistan) 10%

9. Location Distance from Kilometers The administrative center The enterprise is located in the administrative center Rail road 2 Automobile road and encircling highway 10101010

10. Information on the proposed project Name of the project: technical modernization of the enterprise Type of new ownership: Joint Venture as Joint Stock Company Purpose of the project: meet the demands of domestic and foreign markets in home appliances and devices, equipment and visual aids for schools and colleges as well as organization of new production of mini-equipments, gas compressing stations and etc. Total cost of the project: a foreign investor is offered 47.9% of the state share in the charter capital

11. Information on the proposed project Possible expansion markets: Uzbekistan, Russian Federation, Tajikistan, Kazakhstan, Afghanistan Works to be implemented by Uzbek party: preparation of feasibility study Works to be implemented by foreign party: introduction of new technologies and know-how Privileges provided to the newly created joint venture: guarantees and privileges are provided to enterprises with foreign investments by the legislation of the Republic of Uzbekistan for foreign investments and special sectors of economy

12. THANK YOU SO MUCH FOR YOUR ATTENTION! KINAP OPEN JOINT STOCK COMPANY (JSC) Address: 36 Gagarina street, 703027, Samarqand city, Republic of Uzbekistan Director General: Mr. Rustamzhon Sattorov Contact person: Mr. Refat Gafarov, Deputy Director Telephone: (+9983662) 34-01-51 Fax: (+9983662) 34-01-55 E-mail: samkinap@yahoo.com http://www.samkinap.com CK