1. SELIGDAR MINING AND CHEMICAL COMPLEX 2015

2. PROJECT GOAL The project goal is creating on the basis of the Seligdar apatite deposit of a contemporary mining and chemical complex producing apatite concentrate, compound phosphoric fertilizers and concomitant products. Current stage of the project: It is expected that the Federal Agency for Mineral Resources will for the second time announce an auction for the right of using the Seligdar mineral deposit; a search is under way for a strategic investor to participate in the auction and to finance the project of construction on the MCC. 2

3. PROJECT TEAM Initiator: South Yakutia Development Corporation, a public company South Yakutia Development Corporation has been working since 2007 on the investment project of national importance, called “Integrated Development of South Yakutia”. 3

4. MARKET BALANCE BETWEEN DEMAND AND SUPPLY OF MAIN FERTILIZERS, MLN. TONS Source: IFA The growth rates of the global fertilizer market range from 2.8% to 3.2% per year. Its key driver is population growth. FORECASTING GLOBAL CONSUMPTION OF MINERAL FERTILIZERS, MLN. TONS Source: IFA MARKET OF PHOSPHORIC FERTILIZERS 4 BREAKDOWN OF GLOBAL PRODUCTION OF PHOSPHORIC FERTILIZERS Source: IFA oversupply on nitrogen-bearing fertilizers, million tons oversupply on carbomide, million tons oversupply on phosphoric acid, million tons

5. SELIGDAR APPATITE DEPOSIT MINERAL RESERVES* apatite ore – 1,277,177 thou tons phosphoric oxide (Р 2 О 5 ) – 85,587 thou tons rear earth metals ∑ TR 2 O 3 – 4,410.4 thou tons average content of Р 2 О 5 in apatite ore – 6.77% Building stone: dolomite rocks, syenite porphyries, gneisses, crystalline schist – 353,242 thou cu. m *as of Jan. 1, 2014, for the В+С1 category 5

6. PRODUCTION CAPACITY OF SELIGDAR MCC MINING AND PROCESSING INTEGRATED WORKS opencast with 30m tons of ore and 18.9m cu m of stripping ore-dressing plant CHEMICAL PLANT OF COMPOUND PHOSPHORIC MINERAL FERTILIZERS 567 thou tons per year BLASTING COMPOUNDS AND OVERBURDEN ROCK CONSTRUCTION MATERIALS PLANT Annual output of the MCC: apatite concentrate (Р 2 О 5 – 35,5%) – 3m 286 thou tons compound phosphoric mineral fertilizers – 567 thou tons crushed stone for construction -10m tons sand – 1m 200 thou tons dolomite powder -10m tons industrial explosives – 35 thou tons (including for sale – 7 thou tons) 6

7. KEY PARAMETERS OF SELIGDAR MCC PROJECT* * Data of Feasibility Report 2007 Estimated investments1.5bn USD including into infrastructure130mn USD Recoupment time8.8 years Number of workplaces3,500 IRR31.3% Tax proceeds after reaching full output capacity 5.2bn rubles a year Construction period6.5 years 7

8. INFRASTRUCTURE FOR SELIGDAR MCC 8 For the MCC to function properly, transport infrastructure and electric grids need to be created on the principles of public-private partnership: Power supply: 7.5 km of 220 KW HVL for Seligdar MCC and a substation; Transport infrastructure: 13-km-long railway line from railway station Kosarevsky to Seligdar MCC.

9. Forming an SPV company and obtaining the license Design Preparatory works Construction on a building materials plant Construction on a powder-mill (explosives plant) Construction on an MPIW Construction of chemical works Months from the start-6121824323842485460667278 SELIGDAR MCC PROJECT DELIVERY SCHEDULE 9

10. CONCLUSIONS STRENGTHS large apatite ore reserves; the trend towards further growth of the phosphoric fertilizers market, including in the APR; lack of competition in the Far East; acceptable economic efficiency; availability of transport and energy infrastructure. POTENTIAL Increasing production volumes given the favorable conditions on global markets of phosphoric fertilizers; raising the project effectiveness and resilience in relation to market fluctuations due to the integrated utilization of raw stuff and the development of accompanying production capacities; government support of infrastructure and REA creation; preferential railway service and electric power rates. 10

11. PROPOSAL FOR INVESTORS WE INVITE INVESTORS TO CREATE SPV FOR: participating in the auction for the right of developing the Seligdar apatite deposit (initial payment for the right of using the deposit is up to 4bn rubles); Seligdar MCC construction project delivery. Stakes in SPV: investors - 75% minus 1 share South Yakutia Development Corporation: 25% plus 1 share THE CORPORATION WILL PROVIDE FOR: draft feasibility report preparation; essential permits and formalization of land plots, on-site interaction with suppliers and contractors; personnel recruitment and the launch of operations; government support of the project; 11

12. +7 (495) 232-42-44 office@sy-corp.ru http://www.sy-corp.ru SOUTH YAKUTIA DEVELOPMENT CORPORATION Thanks for your attention! 11b Seleznevskaya St, Moscow, 127473