Projects TDF ecotech

Fact-Sheets

TDF Ecotech AG TDF EcotechSwitzerland international resident in:

BelarusItalyAustriaRussia

Overviwe about all projects for production of renewable energynumber of projects: 10 projects

Technologies: 4 several TechnologiesBiogassolar powerlandfill degassinghydro power

locations: 3 several countries for investmentItalyRussiaBelarus

output power: 41.7 MW

production / year 306'000 MWh

TEUR TEURInvestment: total (complete pay back within 14 years): 248'700 248'700

VAT pre-financing (cash-back into 2 years) -2'026needed working capital: -20'484

sales price of the plants: 226'190

financing: therefrom already invested: 39'184

remain to invest: 187'005

therefrom for launch: 105'241

profit calculation: sum of revenues 1'558'429sum of operation expenses -248'859net operatin results 1'309'570

net operating results - accountig with an inflation rate of 587'376sum of depreciation -226'156sum of tax deduction of interest for shareholder loan -178'081sum of tax -40'900sum of distributable dividend payout 142'239

income return: sum of interest of shareholder loan Zinssatz: ### 178'081sum of dividend payout 142'239less withholding tax from interests and dividends -22'554

net earnings (without tax in the country of cash-in) 297'766 297'766

total capital return flow 546'466

net present value of all capital return - accounting with an average yearly rate of return of 12.00% 248'700less Working Capital -22'510

net value of the plants = sum of sales price 226'190

project overview

Land

locationper

yearrevenuesper year earnings

operationcosts

netresultsüber- sum sum sum

divi-dends interest total

MW Status MWh TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR TEUR % TEUR TEUR % TEUR TEUR TEUR Div. Zins TEUR TEUR TEUR 12.0%

Weissrussland

Trostenez 2.5underconstr. 20'500 2'892 12'736 1'453 14'189 12'734 1'453 15 54'860 -4'541 50'319 26'855 12.62% 12.0% 10 -8'401 10 -12'734 24% -1'373 4'347 8'401 5% 8% -889 11'859 10 14'187 26'046 14'189

Severnij 5.6underconstr. 45'920 6'479 29'144 3'054 32'198 29'140 3'054 15 135'081 -10'452 124'629 63'241 13.09% 12.0% 10 -19'232 11 -29'140 24% -3'568 11'301 19'232 5% 8% -2'105 28'428 10 32'194 60'622 32'198

Mahilyow 1.1inplanning 9'020 1'273 5'926 658 6'584 5'925 658 15 31'096 -2'797 28'299 13'518 13.69% 12.0% 11 -4'264 11 -5'925 24% -799 2'530 4'264 5% 8% -469 6'325 11 6'583 12'908 6'584

Witebsk 1.4inplanning 11'480 1'620 6'813 440 7'253 6'812 440 15 26'973 -2'105 24'868 13'590 12.49% 12.0% 10 -4'492 10 -6'812 24% -550 1'736 4'492 5% 8% -447 5'781 10 7'252 13'033 7'253

Russland

Novoselki 4.2ready f.building 34'440 5'770 24'568 1'653 26'221 24'567 1'653 15 85'230 -7'798 77'432 49'328 12.54% 12.0% 10 -16'212 10 -24'567 20% -1'711 6'838 16'212 5% 10% -1'961 21'089 10 26'220 47'309 26'221

Belarus

Snow 2.1underconstr. 15'768 2'451 8'448 1'423 9'871 8'448 1'423 20 122'448 -37'059 85'389 24'788 12.56% 12.0% 12 -6'588 20 -8'448 24% -2'343 7'409 6'588 5% 8% -897 13'100 12 9'871 22'971 9'871

Lan Neswish 1.4underconstr. 11'480 1'606 6'263 984 7'247 6'262 984 20 86'480 -23'429 63'051 18'416 12.71% 12.0% 12 -4'883 20 -6'262 24% -1'742 5'529 4'883 5% 8% -666 9'746 12 7'246 16'992 7'247

Sluzk 2.1inplanning 17'220 2'479 9'303 1'257 10'561 9'303 1'257 20 135'130 -42'005 93'125 27'178 12.87% 12.0% 11 -6'696 20 -9'303 24% -2'684 8'495 6'696 5% 8% -961 14'230 11 10'560 24'790 10'561

Italy

Trambacche 1.3underconstr. 8'680 2'454 10'615 1'120 11'735 10'614 1'120 20 65'434 -20'635 44'799 35'872 15.28% 9.0% 12 -6'206 20 -10'614 31% -5'905 13'147 6'206 0% 0% 0 19'353 12 11'734 31'087 11'735

Russia

Buryatia 20.0inplanning 132'000 19'452 112'373 10'468 122'841 112'351 10'468 20 815'697 -98'038 717'659 314'590 12.80% 12.0% 14 -101'107 15 -112'351 20% -20'225 80'907 101'107 5% 10% -14'159 167'855 14 122'819 290'674 122'841

total 41.7 306'508 46'476 226'189 22'510 248'700 226'156 22'510 1'558'429 -248'859 1'309'570 587'376 -178'081 -226'156 -40'900 142'239 178'081 -22'554 297'766 248'666 546'432 248'700

landf

ill de

gass

ing

Biog

ashy

dro

powe

r

year

s

peio

ds withholding tax

interestshareholder loan depreciation tax nominal net profit of the shareholder

capitalreturn flow

nominalvalue of

profit andcapitalreturnye

ars

share-holderloan

share-holderequity

oper

atio

n pe

riods net operation results

over the period of operationnet results (accoun-ting with inflation)ou

tput

pow

er

investment financing profitability net value of

profit andcapital

return byreturn rate

Tech

nolo

gies Production

salesprice

Work.-Cap.VAT

financ.

totalinvest-ment

landfill degassing Minsk-Trostenez, Belarus Fact-Sheet

plant data: Technologyoutput power in MW 2.5 MWlocation Trostenez - Belarusyearly production in MWh 20'500 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 12'736 10'267 2'469Working Capital TEUR 1'453 1'453 1'453total investment TEUR 14'189 11'720 3'922

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within # Jahre 12'734 TEUR 12'734tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 1'528 TEUR

shareholders' equity return within # Jahre 1'453 TEUR 1'453

profit calculation: over the period of operation of 15 Jahre

sum of revenues 54'860 TEURsum of operation expenses -4'541 TEUR

net operatin results 50'319

net operating results - accountig with an inflation rate of 12% 26'855 TEURsum of depreciation - with range on balance sheet of # Jahre) -12'734 TEURsum of tax deduction of interest for shareholder loan -8'401 TEURsum of tax with tax rate of 24% -1'373 TEURsum of distributable dividend payout 4'347 TEUR

income return: over the period of operation of 15 Jahre

sum of interest of shareholder loan 8'401 TEURsum of dividend payout 4'347 TEURless withholding tax from interests and dividends -889 TEUR

net earnings (without tax in the country of cash-in) 11'859 TEUR 11'859

total capital return flow 26'046

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 14'189less Working Capital -1'453

net value of the plant = sales price 12'736

landfill degassing

biogas plant Snow, Belarus Fact-Sheet

plant data: Technologyoutput power in MW 2.1 MWlocation Snow - Belarusyearly production in MWh 15'768 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 8'448 4'549 3'899Working Capital TEUR 1'423 1'423 1'423total investment TEUR 9'871 5'972 5'322

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 8'448 TEUR 8'448tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 1'014 TEUR

shareholders' equity return within 10 Jahre 1'423 TEUR 1'423

profit calculation: over the period of operation of 20 Jahre

sum of revenues 122'448 TEURsum of operation expenses -37'059 TEUR

net operatin results 85'389

net operating results - accountig with an inflation rate of 12% 24'788 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -8'448 TEURsum of tax deduction of interest for shareholder loan -6'588 TEURsum of tax with tax rate of 24% -2'343 TEURsum of distributable dividend payout 7'409 TEUR

income return: over the period of operation of 20 Jahre

sum of interest of shareholder loan 6'588 TEURsum of dividend payout 7'409 TEURless withholding tax from interests and dividends -897 TEUR

net earnings (without tax in the country of cash-in) 13'100 TEUR 13'100

total capital return flow 22'971

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 9'871less Working Capital -1'423

net value of the plant = sales price 8'448

Biogas

biogas plant Lan Neswish, Weissrussland Fact-Sheet

plant data: Technologyoutput power in MW 1.4 MWlocation Lan Neswish - Belarusyearly production in MWh 11'480 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 6'263 2'329 3'934Working Capital TEUR 984 984 984total investment TEUR 7'247 3'313 4'918

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 6'262 TEUR 6'262tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 751 TEUR

shareholders' equity return within 10 Jahre 984 TEUR 984

profit calculation: over the period of operation of 20 Jahre

sum of revenues 86'480 TEURsum of operation expenses -23'429 TEUR

net operatin results 63'051

net operating results - accountig with an inflation rate of 12% 18'416 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -6'262 TEURsum of tax deduction of interest for shareholder loan -4'883 TEURsum of tax with tax rate of 24% -1'742 TEURsum of distributable dividend payout 5'529 TEUR

income return: over the period of operation of 20 Jahre

sum of interest of shareholder loan 4'883 TEURsum of dividend payout 5'529 TEURless withholding tax from interests and dividends -666 TEUR

net earnings (without tax in the country of cash-in) 9'746 TEUR 9'746

total capital return flow 16'992

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 7'247less Working Capital -984

net value of the plant = sales price 6'263

Biogas

landfill degassing Severnij, Weissrussland Fact-Sheet

plant data: Technologyoutput power in MW 5.6 MWlocation Severnij - Belarusyearly production in MWh 45'920 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 29'144 19'361 9'783Working Capital TEUR 3'054 3'054 3'054total investment TEUR 32'198 22'415 12'837

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 29'140 TEUR 29'140tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 3'497 TEUR

shareholders' equity return within 10 Jahre 3'054 TEUR 3'054

profit calculation: over the period of operation of 15 Jahre

sum of revenues 135'081 TEURsum of operation expenses -10'452 TEUR

net operatin results 124'629

net operating results - accountig with an inflation rate of 12% 63'241 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -29'140 TEURsum of tax deduction of interest for shareholder loan -19'232 TEURsum of tax with tax rate of 24% -3'568 TEURsum of distributable dividend payout 11'301 TEUR

income return: over the period of operation of 15 Jahre

sum of interest of shareholder loan 19'232 TEURsum of dividend payout 11'301 TEURless withholding tax from interests and dividends -2'105 TEUR

net earnings (without tax in the country of cash-in) 28'428 TEUR 28'428

total capital return flow 60'622

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 32'198less Working Capital -3'054

net value of the plant = sales price 29'144

landfill degassing

combined biogas- und solarpower-plant Trambacche, Italy Fact-Sheet

plant data: Technologyoutput power in MW 1.3 MWlocation Trambacche - Italyyearly production in MWh 8'680 MW

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 10'615 9'050 7'919Working Capital TEUR 1'120 1'120 1'120total investment TEUR 11'735 10'170 9'039

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within # Jahre 10'614 TEUR 10'614tax deduction of interest for shareholder loan 9.0% p.a.primary yearly interest of shareholder loan 955 TEUR

shareholders' equity return within # Jahre 1'120 TEUR 1'120

profit calculation: over the period of operation of 20 Jahre

sum of revenues 65'434 TEURsum of operation expenses -20'635 TEUR

net operatin results 44'799

net operating results - accountig with an inflation rate of 12% 35'872 TEURsum of depreciation - with range on balance sheet of # Jahre) -10'614 TEURsum of tax deduction of interest for shareholder loan -6'206 TEURsum of tax with tax rate of 24% -5'905 TEURsum of distributable dividend payout 13'147 TEUR

income return: over the period of operation of 20 Jahre

sum of interest of shareholder loan 6'206 TEURsum of dividend payout 13'147 TEURless withholding tax from interests and dividends 0 TEUR

net earnings (without tax in the country of cash-in) 19'353 TEUR 19'353

total capital return flow 31'087

net present value of all capital return - accounting with an average yearly rate of return of 12,00% 11'735less Working Capital -1'120

net value of the plant = sales price 10'615

Biogas and Solarpower

Trambacche

landfill degassing Novoselki, Russland Fact-Sheet

plant data: Technologyoutput power in MW 4.2 MWlocation Novoselki - Russiayearly production in MWh 34'440 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 24'568 17'056 7'512Working Capital TEUR 1'653 1'653 1'653total investment TEUR 26'221 18'709 9'165

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 24'567 TEUR 24'567tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 2'948 TEUR

shareholders' equity return within 10 Jahre 1'653 TEUR 1'653

profit calculation: over the period of operation of 15 Jahre

sum of revenues 85'230 TEURsum of operation expenses -7'798 TEUR

net operatin results 77'432

net operating results - accountig with an inflation rate of 12% 49'328 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -24'567 TEURsum of tax deduction of interest for shareholder loan -16'212 TEURsum of tax with tax rate of 24% -1'711 TEURsum of distributable dividend payout 6'838 TEUR

income return: over the period of operation of 15 Jahre

sum of interest of shareholder loan 16'212 TEURsum of dividend payout 6'838 TEURless withholding tax from interests and dividends -1'961 TEUR

net earnings (without tax in the country of cash-in) 21'089 TEUR 21'089

total capital return flow 47'309

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 26'221less Working Capital -1'653

net value of the plant = sales price 24'568

landfill degassing

landfill degassing Mahilyow, Weissrussland Fact-Sheet

plant data: Technologyoutput power in MW 1.1 MWlocation Mahilyow - Belarusyearly production in MWh 9'020 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 5'926 3'359 2'567Working Capital TEUR 658 658 658total investment TEUR 6'584 4'017 3'225

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 5'925 TEUR 5'925tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 711 TEUR

shareholders' equity return within 10 Jahre 658 TEUR 658

profit calculation: over the period of operation of 15 Jahre

sum of revenues 31'096 TEURsum of operation expenses -2'797 TEUR

net operatin results 28'299

net operating results - accountig with an inflation rate of 12% 13'518 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -5'925 TEURsum of tax deduction of interest for shareholder loan -4'264 TEURsum of tax with tax rate ofbei Steuersatz von 24% -799 TEURsum of distributable dividend payout 2'530 TEUR

income return: over the period of operation of 15 Jahre

sum of interest of shareholder loan 4'264 TEURsum of dividend payout 2'530 TEURless withholding tax from interests and dividends -469 TEUR

net earnings (without tax in the country of cash-in) 6'325 TEUR 6'325

total capital return flow 12'908

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 6'584less Working Capital -658

net value of the plant = sales price 5'926

landfill degassing

landfill degassing Witebsk, Weissrussland Fact-Sheet

plant data: Technologyoutput power in MW 1.4 MWlocation Witebsk - Belarusyearly production in MWh 11'480 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 6'813 4'133 2'680Working Capital TEUR 440 440 440total investment TEUR 7'253 4'573 3'120

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 6'812 TEUR 6'812tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 817 TEUR

shareholders' equity return within 10 Jahre 440 TEUR 440

profit calculation: over the period of operation of 15 Jahre

sum of revenues 26'973 TEURsum of operation expenses -2'105 TEUR

net operatin results 24'868

net operating results - accountig with an inflation rate of 12% 13'590 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -6'812 TEURsum of tax deduction of interest for shareholder loan TEURsum of tax with tax rate of -4'492 TEURbei Steuersatz von0.24 -550sum of distributable dividend payout 1'736 TEUR

income return: over the period of operation of 15 Jahre

sum of interest of shareholder loan 4'492 TEURsum of dividend payout 1'736 TEURless withholding tax from interests and dividends -447 TEUR

net earnings (without tax in the country of cash-in) 5'781 TEUR 5'781

total capital return flow 13'033

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 7'253less Working Capital -440

net value of the plant = sales price 6'813

landfill degassing

biogas plant Sluzk, Weissrussland Fact-Sheet

plant data: Technologyoutput power in MW 2.1 MWlocation Sluzk - Belarusyearly production in MWh 17'220 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 9'303 2'981 6'323Working Capital TEUR 1'257 1'257 1'257total investment TEUR 10'560 4'238 7'580

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 9'303 TEUR 9'303tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 1'116 TEUR

shareholders' equity return within 10 Jahre 1'257 TEUR 1'257

profit calculation: over the period of operation of 20 Jahre

sum of revenues 135'130 TEURsum of operation expenses -42'005 TEUR

net operatin results 93'125

net operating results - accountig with an inflation rate of 12% 27'178 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -9'303 TEURsum of tax deduction of interest for shareholder loan -6'696 TEURsum of tax with tax rate ofbei Steuersatz von 24% -2'684 TEURsum of distributable dividend payout 8'495 TEUR

income return: over the period of operation of 20 Jahre

sum of interest of shareholder loan 6'696 TEURsum of dividend payout 8'495 TEURless withholding tax from interests and dividends -961 TEUR

net earnings (without tax in the country of cash-in) 14'230 TEUR 14'230

total capital return flow 24'790

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 10'561less Working Capital -1'257

net value of the plant = sales price 9'304

Biogas

small river hydro power plants in the region of Buratien, Russia Fact-Sheet

plant data: Technologyoutput power in MW 20 MWlocation Buryatia - Russiayearly production in MWh 132'000 MWh

investment: totalremain

to investtherefromfor launch

total price of the plant TEUR 112'373 54'218 58'155Working Capital TEUR 10'468 10'468 10'468total investment TEUR 122'841 64'686 68'623

TEURfinancing: quota of debt financing by bank 0.0% p.a.

sum of bank loan 0 TEUR

interest rate of bank loan 0.0% p.a.duration of bank loan 0.0 Jahreprimary yearly interest of bank loan 0 TEUR

shareholder loan return within 10 Jahre 112'351 TEUR 112'351tax deduction of interest for shareholder loan 12.0% p.a.primary yearly interest of shareholder loan 13'482 TEUR

shareholders' equity return within 10 Jahre 10'468 TEUR 10'468

profit calculation: over the period of operation of 20 Jahre

sum of revenues 815'697 TEURsum of operation expenses -98'038 TEUR

net operatin results 717'659

net operating results - accountig with an inflation rate of 12% 314'590 TEURsum of depreciation - with range on balance sheet of 10 Jahre) -112'351 TEURsum of tax deduction of interest for shareholder loan -101'107 TEURsum of tax with tax rate ofbei Steuersatz von 24% -20'225 TEURsum of distributable dividend payout 80'907 TEUR

income return: over the period of operation of 20 Jahre

sum of interest of shareholder loan 101'107 TEURsum of dividend payout 80'907 TEURless withholding tax from interests and dividends -14'159 TEUR

net earnings (without tax in the country of cash-in) 167'855 TEUR 167'855

total capital return flow 290'674

net present value of all capital return - accounting with an average yearly rate of return ofBarwert aller Kapitalrückflüsse bei durchschnittlicher Jahresrendite von 12.00% 122'841less Working Capital -10'468

net value of the plant = sales price 112'373

hydro powers

AustriaRussia

Fax: +41 41 7667293email: info@tdf-ecotech.ch

Internet: www.tdf-ecotech.ch

international resident in:

BelarusItaly

TDF Ecotech AG Switzerland

Baarerstr. 149CH-6300 ZugSwitzerland

Tel.: +41 41 7667292