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Investor Presentaiton

Strategic Vertical Integration: Control Over Costs, Quality and Timing Etalon Group operates in every part of property development process Land Acquisition & Permits Industrial Construction PULKOVO NISSAN Ford GM SIEMENS (3) Effective Capital Recycling Design Independence from suppliers, but only in crucial areas (1) Construction materials Construction, contracting & commissioning (2) Sales & Marketing Tower Cranes Leasing Funding Ongoing Maintenance & Service Control over costs, quality & timely delivery of the projects Business stability and lower risk of counterparties' dependence (1) Brick plant and concrete products plant. Own production only for "bottleneck" construction materials (2) 38 Liebherr tower cranes (of which 37 were manufactured in 2006-2008). Data as of 31.12.2010 (3) Construction to third parties Understanding of customer needs (sales network throughout the country) 35 2 Etalon Group 3
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