Automotive Investments: Climate in Russia, Focus on St. Petersburg and Leningrad Region

Decrees # 166 & 566 - conditions of application Welding, painting, assembling 14% after 18 months (1.5 years) Value reduction of the list 10% 24 months later (2 years) 10% 42 months later (3.5 years) 10% 54 months later (6 years) ~ 70 positions Seat parts Engine parts Value % of "List" Content 100 100 80 86 76 60 66 56 40 20 Decree #166 Amendments Safety bags Other Source: Ministry of Economic Development and Trade >18 <18 <24 <4254 Months Import duties CBUS - 25% Assembly 15% - Components - 0-5% ~ 130 positions September 4, 2008 13 Investment Climate in St. Petersburg and Leningrad Oblast ERNST & YOUNG Quality In Everything We Do

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