1. Energy Expertise in Ukraine
October 2015

2. Our services to energy sector in Ukraine
Grant Thornton Ukraine has extensive experience in rendering a wide range of services to energy sector in Ukraine
Audit, special audit and due diligence services
Advisory services related to reorganization
Complex legal and tax and financial advisory support
Development of industry-wide costing methodology for Ukrainian oil and gas companies
Development of business plans, commercial viability analysis, technical and economic feasibility study and market study
Experience in cooperation with financial organizations (European Commission, World Bank, IFC, EBRD, other IFIs and Donors)
Monitoring of changes in energy sector in Ukraine and in the World on on-going basis

3. Services related to general issues of the industry
Selected credentials
Oil and Gas industry
Services related to general issues of the industry
Commercial analysis of the project sustainability and metrology market research
Metrology center
NJSC Naftogaz of Ukraine
Business advisory services
Oil and Gas industry
Participation in the European Commission Program "INOGATE" to develop the concept of reforming Ukraine's gas transit system
European Commission
“Inogate”
Business advisory services
Oil and Gas Industry
Consulting services related to assistance and representation of the client in the process of debt restructuring, including developing plan, tools and techniques for restructuring
NJSC Naftogaz of Ukraine
Legal services
Oil and Gas industry
Advices relating to the Ukrainian-Russian negotiations on oil and gas industry
NJSC Naftogaz of Ukraine
Legal and business advisory services
Oil and Gas industry
Audit of financial statement (according to Ukrainian GAAP, IFRS )
NJSC Naftogaz of Ukraine
Audit Services
Oil and Gas industry
Legal services due to the establishment of a number of foreign projects on the distribution of hydrocarbons
NJSC Naftogaz of Ukraine
Legal services
Oil and Gas industry
Development of industry-wide costing methodology for oil and gas companies (calculation, accounting and planning of costs of production)
NJSC Naftogaz of Ukraine
Business advisory services
Oil and Gas industry
Stock-taking of public property for the Ministry of energy and coal industry used by 42 distribution system operators in Ukraine
NJSC Naftogaz of Ukraine
Oil and Gas industry
Business advisory services

4. Oil and Gas industry Midstream Selected credentials World Bank
Financial Statements and projections of gas transmission and storage operators in Ukraine (on-going project)
World Bank
Business advisory services
Gas Industry
Assisting the Company’s management by advising related to automation of financial statements conversion to IFRS into ERP/SAP-system. Advising on technical accounting matters.
Uktransgas PJSC
Gas industry, TSO and SSO
Business advisory services
Audit of financial statements according to Ukrainian GAAP, IFRS
Ukrtransgas PJSC
Gas industry, TSO and SSO
Audit services
Consulting related to preparation by JSC Ukrtransgas of Local GAAP first time conversion to IFRS financial statements
Ukrtransgas PJSC
Gas industry, TSO and SSO
Business advisory services
Consulting related to development of accounting methodology
Ukrtransgas PJSC
Gas industry, TSO and SSO
Business advisory services
Compilation of financial reports of oil transmission operator prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)
Ukrtransnafta PJSC
Oil industry, TSO
Audit services
Compilation of financial statements in accordance with IFRS
Mykolaivgaz
Audit services
Gas Industry, local DSO
Compilation of financial statements in accordance with IFRS
Zhitomirgaz
Audit services
Gas Industry, local DSO
Compilation of financial statements in accordance with IFRS
Propangaz
Audit services
Gas Industry, local DSO
Compilation of financial statements in accordance with IFRS
Khmelnitskgaz
Audit services
Gas Industry, local DSO
Compilation of financial statements in accordance with IFRS
Concern Ukrgaz
Audit services
Gas Industry, holding company, gas trader
Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)
Luhganskgaz
Audit services
Gas Industry, local DSO

5. Midstream (continued) Upstream and Downstream
Selected credentials
Oil and Gas industry
Midstream (continued)
Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)
Zaporozhyegaz
Audit services
Gas Industry, local DSO
Audit of financial statements
Naftogasaliance
Audit services
Gas Industry, gas trader
Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)
Dnepropetrovskgaz
Audit services
Gas Industry, local DSO
Compilation of financial reports prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)
Gas of Ukraine
Audit services
Gas Industry, Gas trader
Reorganization and Restructuring consulting
Business processes development
Financial and tax advisory in order to improve operational efficiency
Naftogazmerezhi
Restructuring services
Gas Industry, local DSO
Upstream and Downstream
Compilation of financial reports of
the largest gas extraction company in Ukraine (State owned) prepared under IFRS standards (joint project with Ernst & Young LLC (Ukraine)
Ukrgazdobycha
Audit services
Gas Industry, gas extraction
Transfer pricing advisory and other tax advisory services to the largest private gas extraction company in Ukraine
Naftogasdobycha
Tax services
Gas Industry, gas extraction
Vikoil LTD
Audit of financial statements
Assurance services
Confidential - ongoing
Project financing services
Services related to the fundraising for Oil extraction company
Oil extraction
Technical assistance in development of presentation materials to potential investors
Narodna AZS
Advisory services
Petroleum products, retail
Gas Industry, gas extraction

6. Leading energy companies in Ukraine
Selected credentials
Leading energy companies in Ukraine
Energy
Acting as a legal advisor to one of the leading US engineering companies in the process of implementation of the project of construction of the SFSF Facilities in Ukraine
Holtec International
Legal services
Nuclear fuel and waste management
Audit of financial statement of NNEGC Energoatom (monopolist at Ukrainian nuclear energy market) prepared according to IFRS
NNEGC Energoatom
Audit services
Nuclear energy
Support, advice, valuation and expertise related to financial and legal issues of investment project of nuclear power plant units’ construction (budget > USD 1bn)
ATOMPROJECT
ENGINEERING
Financial modeling preparation services
Nuclear energy
Technical assistance in project’s economic feasibility development
Ukrenergo
Business Advisory Services
Energy
Technology and services companies
Independent financial Due diligence as part of private placement
Heating equipment production
New Russia Growth
Due diligence services
ATON Group
Transaction services
Feasibility study and review of Poland Heat Engineering market
Heat Engineering
Development of the business plans, technical and economic feasibility study
Gas metering
Operational improvement services
Actaris Metering Systems SA

7. District heating and other municipal entities in Ukraine
Selected credentials
District heating and other municipal entities in Ukraine
Production, distribution of heat and heat water in Lutsk region
Audit of financial statements according to IFRS and preparation of financial statements according to terms of reference of EBRD
SME Lutskteplo
Kramatorskteploenergo LLC
(Contour Global)
Power generating enterprise, created on the base of Kramatorsk CHP
Grant Thornton provided audit of financial statements according to US GAAP
Teplovodoenergiya PJSC
Water and heat supply in Kamyanets-Podylskiy
Grant Thornton provided audit of financial statements according to Ukrainian GAAP
Kyivenergo
Electricity, Hot water and district heating supply in Kyiv
Business advisory services
Technical assistance in project’s economic feasibility development
(on-going project)
Assurance services
Assurance services
Assurance services
Radisson BLU, Kyiv

8. Contacts: Oleksandr Chalyi President of Grant Thornton Ukraine
Iryna Filippova
Director for business development
T +38 (0) E Е