company profile republic of belarus, minsk – 2013

COMPANY PROFILE Republic of Belarus, Minsk 2013

COMPANY PROFILE This presentation (the "Presentation") is strictly confidential to the recipient, may not be distributed to the press or any other person, and may not be reproduced in any form. Failure to comply with this restriction may constitute a violation of the law of the Republic of Belarus. This Presentation does not constitute or form part of, and should not be construed as, an offer to sell, or the solicitation of an offer to buy or acquire. No part of this Presentation, nor the fact of its distribution, should form the basis of, or be relied on in connection with, any contract or commitment. No representation, warranty or undertaking, expressed or implied, is or will be made in relation to the Presentation, and no responsibility, liability or duty of care is or will be accepted by OJSC Promagroleasing, any subsidiary of Promagroleasing, any joint venture company of Promagroleasing, any shareholder of OJSC Promagroleasing or any of its or their directors, partners, officers, affiliates, representatives, employees, advisers or agents (each, a "Relevant Person") as to, or in relation to, the fairness, accuracy, correctness, reliability or completeness of this Presentation or any information or opinions contained herein. No reliance should be placed on this Presentation or any information or opinions contained herein. Accordingly, neither Promagroleasing nor any Relevant Person shall have any liability whatsoever (in negligence or otherwise) for any direct, indirect or consequential loss or damage suffered by any person howsoever arising from any use of this Presentation or its contents or otherwise arising in connection with this Presentation, including, without limitation, as a result of relying on the accuracy of any information or any statement in this Presentation or any errors or omissions in this Presentation. No responsibility, liability or duty of care is or will be accepted by Promagroleasing or any Relevant Person for providing the recipient with access to any additional information, updating this Presentation or correcting any inaccuracies herein which may become apparent. The information and opinions contained in this document are provided as at the date of this Presentation and are subject to change without notice. By attending this Presentation and/or accepting a copy of this document, you acknowledge and agree to be bound by the foregoing.

BELARUS AT A GLANCE The Republic of Belarus is located in the centre of Europe. Minsk is the capital of Belarus. Population size (beginning of the year 2013) 9 464 thous. persons Urban population 76,3%, rural population 23,7% Productive workforce about 4,6 mln.

Territory peculiarities The territory of the Republic of Belarus is 207.6 thousand km 2. With its surface the Republic of Belarus occupies the 13 th place among European countries. Belarus is a perfect access to different markets. The territory of Belarus is crossed by the shortest communication lines from CIS countries to the countries of Western Europe as well as between the Baltic and the Black seas. Regional centers Minsk, Brest, Gomel, Grodno, Mogilev, Vitebsk Official languages Belarusian, Russian National currency Belarusian ruble (BYR) Local time Standard time zone: UTC/GMT +3 hours Climate In Belarus the climate is mild, winters are mild and snowy, summers are warm and humid Other peculiarities Highly skilled workforce and engineering excellence BELARUS AT A GLANCE

geographical location favourable investment climate highly skilled workforce industrially developed economy well-developed transport and communications infrastructure Belarus is a perfect access to different markets being a member of the Customs Union between Belarus, Russia and Kazakhstan, Belarus is a great access to the neighboring markets. Common customs territory of Russia, Belarus and Kazakhstan with population of approximately 170 million people and with free movement of goods both produced in the CU and imported from 3rd countries. Belarus is a member of the Eurasian Economic Community (EurAsEC) Factors that make Belarus attractive for international trade BELARUS AT A GLANCE

Secondary specialized and higher education students per 10 000 population Source: National Statistical Committee of the Republic of Belarus BELARUS AT A GLANCE

CIS, CSTO, Customs Union and Unified Economic Space WTO (observer), UN, UNDP, UNEP, UN EEC, UNCTAD International Wheat Council (observer), WCO, UNIDO, UNESCO, WIPO, IMF, ISO, IBRD, IFC, MIGA ICSID, OSCE, CE, EBRD, CEAP, EBU and many others. Belarus and International Organizations BELARUS AT A GLANCE

Total volume of industrial production, bln rubles (actual prices) Industry grouping, bln rubles (actual prices) Structure of industrial production in 2012, in percents Source: National Statistical Committee of the Republic of Belarus BELARUS AT A GLANCE

a high degree of openness its focus on foreign markets. Much more than half of the country's manufactured goods are delivered for export. The dynamics of foreign trade of the Republic of Belarus is characterized by: the fast growth of trade turnover and services increase of scientific, technical and transit potential participation in integration processes within the CIS framework diversification of trade and economic relations with other regions of the world. Features of Belarusian economy ECONOMYECONOMY

Structure of export in 2012 by country (main trade partners) Dynamics of exports, mln US Dollars Belarus is an export oriented country Source: National Statistical Committee of the Republic of Belarus ECONOMYECONOMY

Export structure in 2012 (percent of total) Import structure in 2012 (percent of total) Source: National Statistical Committee of the Republic of Belarus ECONOMYECONOMY

Exports of machinery and parts Source: National Statistical Committee of the Republic of Belarus ECONOMYECONOMY

GDP, 2012 more than 61,5 bln US Dollars (provisional data) gross domestic product per capita more than 6,5 thousand US Dollars (provisional data) Source: National Statistical Committee of the Republic of Belarus ECONOMYECONOMY *Exchange Rates for December 31, 2005-2012, set by the National Bank of the Republic of Belarus GDP structure in 2012

Source: National Statistical Committee of the Republic of Belarus; National Bank of the Republic of Belarus ECONOMYECONOMY

Standard & Poors "-/" (positive outlook) Moodys "B3" Dagong Global Credit Rating local and foreign currency sovereign credit rating at "+" and "-" BELARUS IN INTERNATIONAL RATINGS Results of ratings drawn up by international ratings agencies

CountryPosition Belarus50 (high human development) Russian Federation55 (high human development) Kazakhstan69 (high human development) Georgia72 (high human development) Ukraine78 (high human development) The country occupies top positions among other CIS countries in HDI and LPI rankings. Belarus ranks 50th among 187 countries in the latest Human Development Index (HDI) Report and 54th among 142 countries in the latest Legatum Prosperity Index (LPI) Report. HDI ranking CountryPosition Kazakhstan46 Belarus54 Russian Federation66 Ukraine7171 Moldova84 LPI ranking BELARUS IN INTERNATIONAL RATINGS

According to the 2011 ICT development index (IDI), Belarus is ranked no.46 among 155 countries. CountryPosition Belarus46 Kazakhstan49 Bulgaria51 Argentina56 Malaysia58 Brazil60 China78 ICT development index (IDI) CountryPosition Belarus53 Slovakia54 Kazakhstan49 Bulgaria51 Argentina56 Malaysia58 China78 IDI rank 2011 CountryIDI value change 40Bahrain0,66 47Saudi Arabia0,62 49Kazakhstan0,61 68Azerbaijan0,57 60Brazil0,54 46Belarus0,54 24Estonia0,49 73Georgia0,45 71Costa Rica0,45 117Ghana0,43 Belarus is at the top 10 of the list of the worlds most dynamic countries (IDI value change (absolute values) ICT Price Basket and sub-baskets BELARUS IN INTERNATIONAL RATINGS

Belarus ranks 58th among other 185 countries in Doing Business-2013 ranking CountryRank Singapore1 Spain44 Poland55 Luxembourg56 Belarus58 Czech Republic65 Bulgaria66 Turkey71 China91 Russian Federation112 BELARUS IN INTERNATIONAL RATINGS

Average share of leasing in GDP in European countries in 2010 was 1,46% Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus BELARUSIAN LEASING MARKET

20082009201020112012 Volume of new business,bln rub. 3082,32033.64061.26877.510600.0 Volume of new business, mln euro 10125111014854983,5 Growth percentage against the previous year +71%-34%+100%+69%+54% Share in the total volume of investments in fixed assets (%) 8.3%4.7%7.5%7.6%7.0% Share in GDP (%) 2.4%1.5%2.5% 2.0% New Business Volume Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus BELARUSIAN LEASING MARKET

Leasing portfolio volume in 2008-2012 Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus BELARUSIAN LEASING MARKET

Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus BELARUSIAN LEASING MARKET Distribution according to leasing items, 2012

Set up in the year of 2001, OJSC Promagroleasing is the first leasing company in the Republic of Belarus established with state participation. In 2005, Promagroleasing was authorized by the Government to lease agricultural machines within the scope of the Republican Program of Agricultural Modernization running from 2005 to the year of 2010. In 2009, Promagroleasing was authorized by the Government to elaborate efficient cross-border leasing schemes and promote Belarusian-made products to foreign markets. Since 2009, Promagroleasing holds shares in a number of joint ventures located in Czech Republic, Russia, Ukraine, Kazakhstan, Mozambique and Bahrain. Brief history of the Company COMPANY PROFILE

Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus COMPANY PROFILE

Financial sustainability of company Position of Promagroleasing in the ranking according to the weighted indicator of financial sustainability in 2012 Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus COMPANY PROFILE

Five Belarusian leasing companies were engaged in international leasing transactions in 2012. Source: Belarusian leasing market. Review-2012, conducted by the Lessors Association of Belarus COMPANY PROFILE

Financial performance of Promagroleasing, OJSC COMPANY PROFILE

Companys basic activity mining machinery construction and road building machineryagricultural machineryforestry machinerypassenger and freight transportmunicipal machinery industrial and technological equipment and other property used for entrepreneurial purposes COMPANY PROFILE

Minsk Tractor Works produces tractors. The factory possesses 8-10% of the world wheeled tractors market. Belarusian Autoworks, BELAZ, produces mining trucks, exported to more than 70 countries. Minsk Automobile Plant produces buses and road freight transport. The factory exports its goods to Arab countries, Latin America and Europe. Minsk Wheel Tractor Plant produces automotive machines for oil and gas complex. The factory exports about 50 percent of its products to more than 12 countries around the world. Amkodor produces loaders, exported to more than 30 countries. Belkommunmash produces tramcars and trolley-buses. The factory is the largest producer of trolley-buses in Eurasia. We also cooperate with many other manufacturers of Belarus. Our Partners COMPANY PROFILE Promagroleasing is a multibrand company. We cooperate with world-known Belarusian manufacturers and lease machines and equipment that they produce.

maintenance service design and construction of a Service Center design and construction of an Engine Yard staff training help in adoption of technologies in other countries COMPANY PROFILE Full-service leasing

Repair workshop Service station Garage for tractors Office building Security control point Gas Boiler room Parking for private transport Hangar Garage for self-propelled combines Fuel and lubricants warehouse Garage for long-term storage of machinery Garage for storage of complicated machines Warehouses, including those for putting in long term storage Area for machines adjustment Vehicle washing rack Parking for temporary storage between shifts Warehouse for scrap metal COMPANY PROFILE Engine yard

Complex project related to warranty and out of warranty repairs include the following: turnkey service with the ability to design and build a Service Centre sending of experienced Belarusian specialists to provide maintenance service of machines and equipment at your place delivery of spare parts assistance in staff training to operate and repair machines and equipment COMPANY PROFILE Service Center

We share our knowledge and expertise, so that you can grow your team. We run a series of training courses, workshops, coaching sessions and seminars at your place. Our specialists offer all necessary assistance in staff training to adopt new technologies and operate Belarusian-made machines and equipment. COMPANY PROFILE Staff Training

Machines and equipmentManufacturer TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for soil tillage, potato planting, cultivation and harvesting, for handling operations and transportation of loads) Lidselmash (www.lidselmash.by), Gomselmash (www.gomselmash.by), Minoyty Repair Plant (www.mrz.by), Smorgon Assembly Plant (www.smorgon-tractor.by), Bobruisk plant of tractor parts and units (www.bzdta.by),Bobruiskselmash (www.bobruiskselmash. com), Experimental Factory of RUE Scientific and practical center of agricultural mechanization of National Academy of Science (www.eznan.by), Belama plus (www.belama.com), and others Machines for application of fertilizers, sprinkling machines Lidagroprommash (www.lidagro.by), Bobruiskagromash (www.agromash.by), Ferabox (www.ferabox.by),SelAgro (www.selagro.com), and others Machines and equipment for post-harvest processing of potatoes Experimental Factory of RUE Scientific and practical center of agricultural mechanization of National Academy of Science (www.eznan.by), RosintechGroup (www.rosintech.com), and others LoadersAmkodor (www.amkodor.by), and others Dump trucksMinsk Automobile Plant (www.maz.by), and others

Machines and equipmentManufacturer TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for soil tillage, planting and cultivation of feed crops) Lidselmash (www.lidselmash.by), Gomselmash (www.gomselmash.by), and others Machines for harvesting and laying-in of fodder Gomselmash (www.gomselmash.by), Bobruiskagromash (www.agromash.by), Lidselmash (www.lidselmash.by), Ferabox (www.ferabox.by), and others Machines for feed milling, mixing and feeding of animals Zapagromash (www.zapagro.ru), Bobruiskagromash (www.agromash.by), Ferabox (www.ferabox.by) and others Machines for handling operations and transport vehicles Amkodor (www.amkodor.by), Minsk Automobile Plant (www.maz.by), and others

Machines and equipmentManufacturer TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for soil tillage, planting and cultivation of feed crops) Lidselmash (www.lidselmash.by), Gomselmash (www.gomselmash.by), and others Machines for harvesting and laying-in of fodder Gomselmash (www.gomselmash.by), Bobruiskagromash (www.agromash.by), Lidselmash (www.lidselmash.by), Ferabox (www.ferabox.by), and others Machines for feed milling, mixing and feeding of animals Zapagromash (www.zapagro.ru), Bobruiskagromash (www.agromash.by), Ferabox (www.ferabox.by), and others Milking units Unibox (www.unibox.by), Gomelagrokomplekt (www.gomelagro.com), and others Milk cooling unitsNesvizh Rayagroservice (www.rasnes.by), and others

Machines and equipmentManufacturer TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for soil tillage and planting) Lidselmash (www.lidselmash.by), Gomselmash (www.gomselmash.by), Smorgon Assembly Plant (www.smorgon-tractor.by), Bobruiskselmash (www.bobruiskselmash.com), Unibox (www.unibox.by), and others Machines for application of fertilizers and crop protecting agents Lidagroprommash (www.lidagro.by), Bobruiskagromash (www.agromash.by), Ferabox (www.ferabox.by),SelAgro (www.selagro.com), and others Machines for harvesting of grainsGomselmash (www.gomselmash.by), Lidagroprommash (www.lidagro.by), and others Grain cleaning-drying-storage complexesAmkodor (www.amkodor.by), Lidselmash (www.lidselmash.by) Machines for handling operations and transport vehicles Amkodor (www.amkodor.by), Minsk Automobile Plant (www.maz.by), and others

Machines and equipmentManufacturer Equipment for post-harvest handling and storage of grains Unibox (www.unibox.by), Amkodor (www.amkodor.by) Grain cleaning-drying-storage complexes Amkodor (www.amkodor.by), Lidselmash (www.lidselmash.by)

Machines and equipmentManufacturer Harvesters, forwarders, skidding machines, loadersAmkodor (www.amkodor.by) TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for collecting, loading, transporting and skidding of logs, equipment for chipping of wood waste), hydraulic manipulators Mozyr Machine-Building (www.mozyrmash.by) Timber carriesMinsk Automobile Plant (www.maz.by) Solid fuel boilersBeloozersky Energomechanical Plant (www.bemz.by)

Machines and equipmentManufacturer Mining dump trucks with a payload capacity up to 360 tons, bulldozers, scrapers, recovery tractors, water sprinkling and mining fire machines Belarusian Autoworks (www.belaz.by), Mogilev Autoworks named after S.M.Kirov (www.belaz.by) Underground vehicles (underground dump trucks, load-haul-dump machines, multi-purpose chassis, vehicles for transportation of people and loads, truck mixers for concrete mixture) Mogilev Autoworks named after S.M.Kirov (www.belaz.by) Loaders Belarusian Autoworks (www.belaz.by), Mogilev Autoworks named after S.M.Kirov (www.belaz.by), Amkodor (www.amkodor.by), and others HaulersAmkodor (www.amkodor.by) Crushed stone spreaders, bowsersGrodno Mechanical Plant (www.gmz.by) Vehicles for metallurgical works (slag carries with a payload capacity of 70 tons, heavy-load carries with a payload capacity of 150 tons) Belarusian Autoworks (www.belaz.by)

Machines and equipment for peat industryManufacturer Peat stacking machines, graders, windrowing and harvesting machines, drums for cutting peat, loaders, gondolas for peat transportation Amkodor (www.amkodor.by) Transport vehiclesMinsk Automobile Plant (www.maz.by), and others

Machines and equipment for road buildingManufacturer TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for handling operations, transportation of bulk loads, performance of excavating and levelling operations) Bobruisk plant of tractor parts and units (www.bzdta.by), Smorgon Assembly Plant (www.smorgon-tractor.by), Mozyr-Machine Building Plant (www.mozyrmash.by), and others Machinery for preparation and transportation of concrete mixes Minsk wheel tractor plant (www.mzkt.by), Dorstroyindustriya (www.foms.by), and others Asphalt rollers, pothole repairing machinesAmkodor (www.amkodor.by), Beldortechnika (www.bdt.by), and others Hydraulic hammers, bar unitsBelkommunmash (www.bkm.by) Loaders, excavatorsAmkodor (www.amkodor.by) Dump trucksMinsk Automobile Plant (www.maz.by)

Machines and equipment for road buildingManufacturer TractorsMinsk Tractor Works (www.belarus-tractor.com) Tractor attachments (intended for sweeping and handling operations, snow removal, transportation of bulk loads, performance of excavating and levelling operations, grass moving) Bobruisk plant of tractor parts and units (www.bzdta.by), Smorgon Assembly Plant (www.smorgon-tractor.by), Mozyr-Machine Building Plant (www.mozyrmash.by), Minskagroprommash (www.minskagroprommash.by), and others Sweeping machines Minsk wheel tractor plant (www.mzkt.by), Minskagroprommash (www.minskagroprommash.by), and others Street washers and snow removal machinesMinsk Automobile Plant (www.maz.by), Amkodor, and others Winter gritters Minsk Automobile Plant (www.maz.by), Lidselmash (www.lidselmash.by), Belkommunmash (www.bkm.by), Dorstroyindustria (www.foms.by), and others Road repair machinesAmkodor (www.amkodor.by), Beldortechnika (www.bdt.by), and others Machinery for preparation and transportation of concrete mixesMinsk wheel tractor plant (www.mzkt.by), Dorstroyindustriya (www.foms.by), and others Vacuum and hydrodynamic vehicles, garbage trucks, dump trucksMinsk Automobile Plant (www.maz.by), Belarusian Autoworks (www.belaz.by)

MachinesManufacturer Buses Minsk Automobile Plant (www.maz.by), Lidsky Buses Neman (www.neman-lida.com) Trolleybuses, tramcarsBelkommunmash (www.bkm.by)

Headquarters: Promagroleasing, OJSC. Suite 24, 13 Krasnaya St. 220005 Minsk Republic of Belarus. Tel./fax: +375 17 2845499, 2845799, 2846664 CONTACTSCONTACTS RUSSIAN FEDERATION LLC Promagroleasing-center Suite 322, 5V, Medikov ave. 197022, Saint Petersburg Tel.\fax +7812 6401617 e-mail: [email protected]@gmail.com LLC Belleasing 17 Valdayskaya St. 454074 Chelyabinsk Tel. +7 351 7720610, 2674545 e-mail: [email protected]@chelmaz.ru LLC Promagroleasing South 76 Krasnoflotskaya Str. 352923 Armavir, Krasnodar Krai tel: +7 86137 77310 e-mail: [email protected] CZECH REPUBLIC LLC Bel-Czech Trade s.r.o. esk republika, ul.Prmyslov 154 674 01 Teb Tel.: +375 172 845499, +375 172 845799, +42 0568 833335 www.bel-czech.eu e-mail: [email protected] (the Republic of Belarus) [email protected] [email protected]@trado.cz (Czech Republic) UKRAINE LLC PROMAGROLEASING-UKRAINE office 507, building 11-, .Raskovoy St. 02660 Kiev, Ukraine Tel. +380 44 5410726, Fax: +380 44 3903085 Mob. +380 50 3810368 e-mail: [email protected]@bigmir.net KAZAKHSTAN LLP JV KazBel Leasing 41, Promyshlennaya St.,110006 Kostanay Republic of Kazakhstan Tel. +7 7142 579240 (extension 11 91) Tel. +7 705 6521868, +7 701 5433469 e-mail: [email protected]@kost.amh.kz REPUBLIC OF MOZAMBIQUE Belfrica, Ltd. Mozambique, 905, Maputo, Distrito Urbano 1 Bairro Central, Av. 24 de Julho, 2006 Tel./fax: +258 21 303172/3, +258 21 326077 e-mail: [email protected]@gmail.com KINDOM OF BAHRAIN Riyada Pal Awali W.L.L. Bahrain World Trade Center, 31st floor, East Tower P.O. Box 10627, Manama, Kingdom of Bahrain Tel.: (+973) 17003140, Fax: (+973) 17003150 Mob.: (+973) 3650 07 10, (+375) 29 629 07 10 Email: [email protected]@riyadagroup.com

company profile republic of belarus, minsk – 2013

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