1. MESHCHOVSK FISH FARM, OOO INVESTMENT PROJECT FOR CISCO FISH GROWING 7, Gertsena Street, Meshchovsk Town, Kaluga Region, 249240

2. 2 THE GOALS OF THE PROJECT GOALS PERSPECTIVES Fodder production Production of fish juvenile Production of salable fish Processing of salable fish INCREASEPROVISIONREPLENISHMENT of the part of native fish at the market of people with fish of high-quality for reasonable price of fish population in the waters of the region CISCO FISH CiscoMuksunBroad whitefishOmulPeled

3. 3 PROJECT DESCRIPTION MAIN ASPECTS CONSTRUCTION PERIOD Volume of investments, million RUB* Industrial facilities, m 2 Volume of water in storage reservoirs, m 3 Production per year, tons * the most part of financial resources will be sent to economy of the Russian Federation and Kaluga Region Construction start Finishing of the 1 st stage Construction finishing Construction period, months 1 00035 00013 4401 500 June 2015 June 2016 April 201612

4. 4 CONSUMABLE RESOURCES* Water per hour, m 3 Energy consumption per hour, kW Gas per year, thousand m 3 Feeds per year, tons 901 5005 0001 900 * after the attainment of projected capacity 30 people – the number stuff

5. 5 EXPENSE STRUCTURE EXPENSE STRUCTURE AFTER DISBURSEMENT OF A LOAN

6. 6 FLOW OF MONEY, BILLION RUB Attainment of the project to pay-off period Project construction finishing

7. 7 FINANCIAL INDICATOR Credit payment period, months Medial profitability, % Rate of inflation, % Cost of borrowing, % Principal item of expenses (feeding stuffs) % Total loan amount, million RUB Loan interest, million RUB 643049,38,5 768,81 000253,2 Medial indicator EBITDA, %

8. 8 RISKS AND RISK SENSIBILITIES No attainment of the level of profitability RISKS Change in market conditions The increase of feeding stuff cost Selling product cost THE BIGGEST SENSIBILITY The cost of loan proceeds The increase of energy resources cost Lack of external financing THE LEAST SENSIBILITY

9. 9 CONTACT INFORMATION 5, Vilonova Street, Kaluga, Russia, 248000 ph.: 8 (4842) 56-30-57, 57-93-01 fax: 8 (4842) 57-54-74 kancel@adm.kaluga.ru www.admoblkaluga.ru/sub/selhoz/ 5, Vilonova Street, Kaluga, Russia, 248000 the 4th floor ph.: 8 (4842) 22-04-32, 22-04-39 apkko@adm.kaluga.ru www.apkko.ru