Investor Presentaiton

Etalon Group has an extensive track record of successful industrial construction projects that meet the highest standards of quality Ford Motor Company Nissan plant ExpoForum *Expected date of completion 2007-2012 Expansion of existing production facilities, including a 25 ths sqm logistics area for finished goods, renovation of warehouse and overhaul of utility systems • This project was unique as work was carried out in the production area, next to the main production line, while it was in operation 2012-2014 Etalon Group is a long-time partner of Nissan in Russia, having acted as the general contractor for design and construction of the test track and new car storage areas in 2008 • In 2014 Etalon Group delivered 66 ths sqm of new factory space, including expansion of existing assembly lines, warehouse and office facilities 2011-2015 The largest commercial construction project in St. Petersburg in recent years Overall size of the complex is over 200 ths sqm 2 main exhibition halls, 3 exhibition pavilions, 2 hotels, 3 helicopter pads, parking and utilities infrastructure Capacity for up to 8 ths delegates UniPres UNIPRES Zvezda-Reduktor XBBEBDA State Hermitage Museum • 2014-2016* General contractor agreement for the construction of a 12,313 sqm manufacturing facility and a 3,588 sqm administrative building Turnkey project involving the full construction cycle 2015-2016* Overhaul of production lines and the renovation of administrative and service buildings for Zvezda-Reduktor, a subsidiary of Zvezda, Russia's largest manufacturer of compact, high-RPM Diesel engines Contract covers a total area of 9,854 sqm 2015-2016* Construction of part of the Restoration and Storage Centre of the State Hermitage Museum in St. Petersburg Contract is worth RUB 1.6 billion Due to be completed in 4Q 2016 Etalon Group Operating Results Landbank Valuation Financial Results Selected Projects Appendix 41

View entire presentation