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Investor Presentaiton

AVERAGE REALISED PRICES VS BENCHMARKS 3.53 mln. tonnes Eastern European Countries North-West FD 0.11 Moscow mln. tonnes Railroad to the Polish Central FD border 0.01 mln. tonnes Urals FD 0.10 mln. tonnes Domestic market $4.21 mln. tonnes(1 3.85 mln. tonnes Siberian FD Volga ED Tomsk Region 0.15 mln. tonnes Omsk Region Novosibirsk Region Kemerovo Region Altay Region Source: Company (1) - Sales volumes FY 2011 (incl. purchased coal) TTTTTTT 109876543210 mln. tonnes K KTK's transport flows Omsk region Domestic sales Asia-Pacific Export sales P Headquarters 2.92 mln. tonnes Asia-Pacific Railroad to the station at Nakhodka-East port Quarterly coal sales breakdown by market Average quarterly domestic and export prices comparison (2) 10.66 1 300 1,213 1,237 1,228 8.54 2.08 7.41 1 100 1,021 2.16 2.13 970 977 $41 $42 $42 943 1.38 892 848 900 $34 2.63 $31 $31 $32 3.33 $27 6.45 $28 700 3.75 2.69 2009 2010 2011 Export Russia (own coal) Russia (purchased coal) 500 2009 2010 Average domestic price Average export price Source: Company (2)- prices are net of VAT and railroad tariffs; domestic prices include costs associated with retail distribution network; prices are converted to USD using average Central Bank of the Russian Federation exchange rates for each year (2009: 31.72 RUB/USD; 2010: 30.38 RUB/USD; 2012: 29.39 RUB/USD) 2011 Average general price 12/22
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