Investor Presentaiton

2.5 EA ЕВРАЗИЙСКИЙ Capital Investment Programme Economic Environment 0.5 0 1.5 2 2005 2006 CAPEX 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 Incremental Growth of Tariffs 2023 $100,000 $90,000 $80,000 $70,000 $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $- 2004-2012 significant tariff increases (+60%) have covered OPEX & CAPEX needs; cost savings have allowed to reinvest profit ($17M) 2013-2018 limitation of operational tariffs growth: CAPEX is financed from connection fees only, which include costs for reconstruction of existing facilities and construction of new infrastructure; significant drop of consumption (-20%) 23.10.2014 9

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