Investor Presentaiton

Industrial construction Description Etalon Group is a leader in industrial construction in the North-West region of Russia with superb track record throughout its history Track-record We have contributed to 15 milestone projects Heat & power station, two hotels, four car assembly plants, shipyards, machinery plant, fitness and sports center etc. Strategy 12 projects under way Etalon Group plans to continue developing its industrial construction operations and maintain its share in total business Diversification benefits • Ability and expertise to provide quality construction services to well- known international and local companies facilitates Group's brand development Allows to maintain skilled work force during market downturn Etalon Group Selected industrial projects completed by Etalon Group Toyota Ford Poling and gridding Design & construction (increase of production capacities) Admiralty Shipyards Nissan Infrastructure & site for the finished good Satellite Antennas Production Plant Turn-key project, which involved design and construction of an industrial building Construction of workshop & transportation utilities North-West Heat & Power Station Foundation construction for a cooling tower and main building GM Poling & road infrastructure construction Pulkovo customs Full construction cycle Almazov Medical Complex Renovation of the existing building and building up two additional floors 037

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