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2. 2 2 To provide reliable insurance protection, confidence and serenity to the Client Mission and values Mission of the Company: The highest values of the Company: - employees, clients and partners - the Company’s good name - the best traditions and insurance experience - humaneness and decency

3. 3 3 Financial Institutes Industrial Enterprises Companies - Assistant Bank “TAS-Kommerzbank” Bank “TAS-Investbank” “Insurance Company “TAS-KAPITAL” “Insurance Group “TAS” (non-life) “Assis-TAS” “Trade House “TAS” “Medical Clinic “TAS” FINANCIAL GROUP “TAS” “Techno “TAS” STRUCTURE OF FINANCIAL GROUP “TAS” “Insurance Company “RuTAS” (Moscow) “Insurance Company “TAS” (life)

4. 4 4 Regional network The company has extensive sales network: Insurance products The Joint-Stock Company Insurance Group TAS is a full-service insurance company offering more than 100 insurance individual and comprehensive programs - 9 directorates - 28 branches - more than 200 agencies - more than 2000 full-time and part-time insurance agents

5. 5 5 Regional network, Ukraine

6. 6 6 The Company is a member of many professional associations: - Motor (Transport) Insurance Bureau of Ukraine - League of Insurance Organizations of Ukraine - Medical Insurance Bureau of Ukraine - National Club of Insurance Compensation - Nuclear Pool of Ukraine - Association of Shipbuilders of Ukraine - International Chamber of Commerce - Ukrainian Association of Industrialists and Entrepreneurs Company is the official Operator of the Yalta International Forum of the insurance market participants Professional Associations

7. The Joint-Stock Company Insurance Group TAS FINANCIAL FIGURES

8. 8 8 The Company’s assets have increased 31 times since 1999, for the last year 1,5 times and totaled USD 53,0 million. Financial figures

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10. 10 10 Financial figures

11. 11 11 Financial figures The insurance reserves have increased by 8% for the last year and totaled USD 10,3 million.

12. 12 12 Financial figures

13. 13 13 Financial figures

14. 14 14 Partners - Munich Reinsurance Company (Germany) - Transatlantic Reinsurance Company (USA) - TT Club (Great Britain) - SCOR (France) - Polish Reinsurance Company (Poland) - Ingosstrakh (Russia) - Russian Re (Russia) - AVICOS ( Russia ) - Moscow Re ( Russia ) and many others The Joint-Stock Company Insurance Group TAS has concluded 107 general agreements on co-operation in the field of reinsurance, 23 of them with the world-known international reinsurance companies:

15. 15 15 - Marsh Europe S.A. (Belgium) - AON Ltd (Great Britain) - Zaris Zeller Associates (Germany) and many others World-known Brokers who assist us in the placement of major risks: Partners

16. 16 16 Objectives for 2005 - Increase market share - Strengthen image of a client-oriented company - Expand the network of agents and open new sales centers in order to be closer to a Client - Introduce new sales techniques - Optimize business processes - Optimize functional-organizing structure of the Company

17. THANK YOU FOR ATTENTION! We hope for our fruitful co-operation!