1. Russia Investment Briefing 05 October 2015 15.15 – 16.00

2. Russia Investment Briefing Welcome PropertyEU, our expert speakers and Our hosts Moscow City

3. Russian Real Estate Investment Market

4. The prospects for economic growth 4 Experts forecast 1-2 years of recession Source: Colliers International, Ministry of Economic Development of Russia, IMF, Bloomberg, Rosstat, Sberbank CIB, Morgan Stanley Real GDP growth, % Ruble was not the only currency that came under pressure (change in exchange rates during 24.09.2014-24.09.2015) Basic forecast of Ministry of Economic Development of Russsia assumes that Urals oil price stabilizes at USD 65 per barrel in 2016-2017, while the exchange rate stabilizes at 55 RUB/USD.

5. Real estate investment volumes 5 The investment market size declined more than two times Source: Colliers International

6. Capital origin Russians, with 72% share, are dominating on the investment market now 5 Source: Colliers International

7. Capital origin Russians, with 72% share, are dominating on the investment market now 5 Source: Colliers International

8. Investor types 8 Financial and real estate companies are dominating on the market Source: Colliers International

9. Investment purpose 9 The share of purchases by end-users has increased, similar to 2009 Source: Colliers International

10. Deal size 10 Half of deals are over USD100 mn, none of over USD300 mn Source: Colliers International

11. Deal size 11 Investors prefer standing income producing assets, 78% in Q1-Q3 2015 Source: Colliers International

12. Russia Investment Briefing Emmanuel BlouinFounder & Managing Partner Esterel Capital Sergey ChereminMinister, Head of Foreign Economic & International Relations Development Moscow City Government Vladimir FrolovDirector of the Centre for Energy Efficiency Moscow State University of Mechanical Engineering Vladimir PechurchikFirst Deputy General Director Tula Region Development Corporation, JSC Vladimir SerguninPartner Colliers International Maarten VermeulenHead of Europe, Russia & CIS RICS Moderator: Richard BettsAssociate Publisher, PropertyEU

13. €500 Million Where & how would you invest?

14. Thank You EXPO Real 2015 Day 1: Asset Management Briefing 17.15 The Networking Lounge, Hall A1, Stand 440 Day 2:European Residential 10.00 Hall B3, Conference Room B31 (1st floor) Germany Investment Briefing 11.00 Hall B3, Conference Room B31 (1st floor) Nordic Investment Briefing 15.00 Intelligent Urbanization, Hall A1, Stand 432 European Logistics Briefing – Let’s Talk Logistics 17.00 Special Real Estate Forum, Hall C2, Stand 040 London I Frankfurt I Paris I New York I Amsterdam I Hamburg I Madrid I Stockholm I Warsaw