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EA ЕВРАЗИЙСКИЙ Corporate Structure City Administration Evraziyskiy JSC of Rostov-on-Don 75% Water & Rostov-on-Don 25% Wastewater Utility $ 38,9M PPP: Contractual Model Participation of the Municipality in equity of the Project Company (non-productive assets): - Mitigation of political risks of the project Key decisions made in accordance with corporate governance Participation of Evraziyskiy JSC in equity of the Project Company (money): - - Funding of the immediate investment programme (2 years) New management Business processes to cut costs and win benefits 23.10.2014 5

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