Group’s business layout

ООО APT ООО Carborundum

Equipment Technologies
Joint product realization (same
development for The project to create the market)
ZAO Petroplasma plasma treatment of production of silicon carbide and ООО AWT
Development of wire rod and wire micro powder The project to create a
technology and surface high-tech production of
equipment for surface tire cord and saw wire
plasma cleaning and
surface modification
(wire, pipelines (oil, gas,
utilities, pipe
production)) 2 3 4

1 Mutually
complementary
projects

7 100% share in Sodetal AWT

(France, Slovakia)
5 Production of steel cord, saw
6
wire, reinforcing wire, fiber

ООО ASK-Roentgen
Materials supply and
service of equipment for ООО CIFRA
non-destructive testing Development, sale and
service of equipment for
digital radiography

Moscow, Russia February, 2016 1

 About Terwingo
Terwingo is a Russian company that manufactures dependable, innovative and competitive products that meet and exceed international
standards.

At Terwingo we are careful to monitor and analyze the market and economic situations both in Russia and abroad. We also pay close attention to
the current status and opportunities available for development in high-tech and science-intensive industries. By doing so, we are actively
discovering prospective areas in which to organize the production of in-demand, better quality products.

We create high-quality projects - from the conception of an idea to the start of production looking to the expertise of the world’s leading service and
equipment suppliers.

Our Mission
Our main goal is to design, construct and launch effective businesses that will ensure a high level of return on invested capital to shareholders
and investors. We strive to make our clients’ businesses as profitable as possible, being sure to satisfy our partners’ expectations while making a
strong contribution to the development of society as a whole.

Our Strategy
We try our best through careful managing and business strategy to ensure that our project portfolios as strong as they can be.

By making decisions concerning the current direction and development of the company’s project portfolios, the Terwingo team takes charge and
control of the projects, ultimately ensuring their success and maximum profitability.

The Synergistic Effect. Keeping in mind our vast knowledge of the market, technology and final customers, we expand our project portfolio by
competitively penetrating into fields adjacent to the core business. The synergy we gain by operating in the adjacent and complimentary sectors
provides us with long-term competitive advantages over other companies in Russia and abroad.

Professional Partnerships. Through implementation of our projects – from brainstorming to realization – we always select the best consultants,
contractors, suppliers and employees there are.

According to 2015 Terwingo’s reporting assets have reached level of 5.9 billion RUR (which is currently equal to approx MEur 80)

Moscow, Russia February, 2016

 History of the company
On August 2, 2006 Mikhail Ushakov registered the company Terwingo in St. Petersburg, Russia.

He created the company with the goal of implementing several industrial projects founded on contemporary innovative technologies.

In September of 2006, Terwingo commenced its first large project, creating the Albania Chrome, a joint venture with Austrian metallurgical trader
Decometal. In accordance with the Albanian government’s concession agreements, control of Albania Chrome and the сhromium Albanian industry as a
whole (including mine in Bulchiza and two ferrochrome plants in the cities of Elbasan and Burel) was transferred. Over the period of 2 years Terwingo and its
team of Russian experts invested more than 30 million euros in renovation both the plants and the mine, expanding their production capacity.

From September 2006 to the present Terwingo has managed OOO New Technologies, a company specializing in the production of modern crushing and
grinding equipment used in the mining and construction industries. From December 2011 New Technologies is only R&D company focuses on crushing and
grinding technologies development.

From September 2006 to the present Terwingo has been working on the Petroplasma project, which promotes plasma surface modification technology in the
metallurgical industry.

From October 2009 to the present Terwingo has been managing ASK-Roentgen, the distributor of General Electric’s industrial x-ray films for the past 25
years.

In December 2009 Terwingo began developing a sawing wire production plant. It is currently a joint project venture with RUSNANO and Cutting Edge
Technologies.

In December 2010 Terwingo began working on the Polycomplex project, a major food processing and logistics cluster in the Ust-Luga seaport located at the
entry of the Gulf of Finland.

From May 2011 Terwingo began working on Carborundum Technologies project, concerning the construction of a large-scale industrial silicon carbide
production plant in Russia.

Business merger and assets’ acquisition deal (started in early 2014) with SaarStahl AG (concerning Sodetal group: two plants in France and Slovakia) was
closed in July 2014. Starting from that moment Terwingo is 100% owner of the mentioned plants: operations are back to the market; plants’ investment /
development procedures are ongoing.

Moscow, Russia February, 2016

 Our team
Founder and Chief Executive Officer

On August 2, 2006 Mikhail Ushakov registered the company Terwingo in St.

Petersburg, Russia.

He created the company with the goal of implementing several industrial projects
founded on contemporary innovative technologies.

Mikhail is an entrepreneur with an impressive list of achievements. Over last 20

years he has held a Deputy CEO position with "ICT Group" - one of the largest
groups of privately-owned investment and industrial companies in the Russian
Federation. During his tenure with ICT-Group Mikhail contributed significantly to the
company's unprecedented growth and success. He has extensive experience in
strategic business development, strategic planning and program management. In
course of his career Mikhail has been responsible for the creation and management
of more than ten multi-billion dollar Greenfield projects, involving the construction
and commissioning of various factories and plants across Russia. Two of his largest
projects involved the construction and commissioning of smelting plants in Leningrad
and Irkutsk regions (Tikhvin Ferroalloy Smelting Plant, Bratsk Ferroalloy Smelting
Plant).

Mikhail has also held executive positions with "ICT-Group" sister companies: JSC
"Polymetal" (the largest Russian gold and silver producer) and JSC "Baltiysky
Zavod" (Shipbuilding Yard).

Mikhail has an Engineering degree from the Saint-Petersburg State University

(formerly Leningrad State University).

Moscow, Russia February, 2016

 Our team

Deputy CEO’s, projects’ leaders

Alexander Evgeny Artyom Sergey

Grudsky Senokosov Bogoslavsky Yakovlev

Deputy CEO Terwingo Deputy CEO CEO CEO CEO

CEO ASK-Roentgen, Petroplasma SODETAL AWT Cutting Edge Carborundum
CIFRA Science and Structural (France,Slovakia) Technologies Technologies
Engineer Team Leader

Technologies

Moscow, Russia February, 2016