Investor Presentaiton

Construction services 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 24 milestone projects • Heat & power station, two hotels, four car assembly plants, shipyards, machinery plant, fitness and sports centre etc. Strategy • 3 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 key projects Toyota Poling and gridding Nissan TOYOTA Infrastructure & site for the finished goods ExpoForum Ford GM Design & construction (increase of production capacities) Admiralty Shipyards Poling & road infrastructure construction Pulkovo customs Construction of workshop & transportation utilities North-West Heat & Power Station Full construction cycle Almazov Medical Complex Full construction cycle Foundation construction for a cooling tower and main building Renovation of the existing building and building up two additional floors 33

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