Investor Presentaiton

2▸ Λ Output Growth Expectations CURRENT STATE AND EXPECTATIONS Expectations based on the possibility to scale up production volume (based on -2/2 scale) 0.9 0.3 0.0 0% (Impossible) 1-10% 11-25% Significant increase 1.0 0.9 Moderate increase 26-50% 50%+ Possibility to increase production volumes Source: 2019 SME research, Ameria CJSC Not changed Moderate drop SMEs have LIMITED POSITIVE EXPECTATIONS of output growth for the coming years. Expectations of SMES ARE DIRECTLY LINKED TO THEIR UNUSED CAPACITIES. Significant drop 15

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