Worldwide Experience of SALINI GROUP in working with Multilateral Development Banks - special focus on EBRD countries of operations

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Worldwide Experience of SALINI GROUP in working with Multilateral Development Banks - special focus on EBRD countries of operations Dr. Ing. Antonio Monaco September 26, 2012

mission to conceive and execute projects distinguishing ourselves for integrity and reliability, in full compliance with human and workers rights and the environment company presentation

company s profile The Company, controlled by Salini Group (leading Italian general contractor and international top-three player in the hydroelectric sector) since January 2010, came into existence after the 2nd world war, in the early 50 s, and began its activities in the public works field, firstly in the central region of Italy, then expanding its presence all over the Country. In the first half of the 90 s the Company started to successfully operate also abroad, with the first contracts acquired in Algeria and in the eastern Balkan Countries and then in Csi Countries such as Azerbaijan, Belarus, Georgia, Kazakhstan, Moldova, Russian Federation, Tajikistan, Ukraine as well as in South America (Argentina and Chile), Dubai, Greece, Albania and Tunisia. company presentation

Leading Italian General Contractor, has achieved important and wide experience in the field of public works, both in Italy and abroad. The Company is highly qualified in the execution of civil engineering projects: Roads, motorways, railways, airports Tunnels, viaducts, bridges Maritime works, dams and hydraulic installations schemes Consolidation works Residential, commercial and industrial buildings Real Estate development and management company presentation

HEADQUARTERS Via della Dataria, 22 00187 - Rome (Italy) Tel: +39 06 67761 Fax: +39 06 6776288 www.todini.it www.salini.it company presentation

TODINI in the world today Italy Albania Algeria Argentina Azerbaijan Belarus Georgia Greece Kazakhstan Romania Tunisia UAE Abu Dhabi UAE - Dubai Ukraine company presentation

Workgroup experience quality management & HSE organization machinery financial highlights financial highlights 550 500 450 400 350 300 250 200 150 100 50 0 Consolidated value of production ( /mln) 328 550 42% 39% 43% 49% 62% 54% 70% Overseas % 2005 2006 2007 2008 2009 2010 2011 company presentation

TODINI Projects financed by MDBs EBRD: 822 Meur WB GROUP: 863 Meur TOTAL 2 Beur OTHERS: 308 Meur Azerbaijan Belarus Georgia Kazakhstan Moldova Romania Russian Federation Ukraine MDBs financed projects

Our projects financed by Azerbaijan Belarus Kazakhstan Moldova Romania Ukraine updated September 2012

12 Projects financed by EBRD executed/in progress by Todini since 1993 - Total value: 822 MEUR Azerbaijan Belarus Kazakhstan Moldova Romania Ukraine

List of EBRD Projects executed/in progress by Todini AZERBAIJAN Hajigabul-Kyurdamir Road 2005-2008 90.8 MEUR Baku-Samur Motorway 2007-2010 58.7 MEUR BELARUS Brest-Minsk-Russian border Motorway 1995-2001 74.6 MEUR Minsk-Gomel Motorway 2011 in progress 105.2 MEUR KAZAKHSTAN Atyrau-Aktau Road 2006-2008 25.4 MEUR MOLDOVA Water Main rehabilitation 1999-2001 20.4 MEUR ROMANIA National Road N. 7 (2 contracts) 1993-1997 43.5 MEUR Bucharest-Pitesti Motorway (2 contracts) 1997-2000 57.7 MEUR UKRAINE Kiev-Chop Road 2007-2011 87.7 MEUR Kiev-Chop Road 2011-in progress 258 MEUR

Azerbaijan EMPLOYER: Azerroadservice OJC Dept Ministry of Transport : Rehabilitation of Hajigabul-Kyurdamir Road (85 Km) CONTRACT VALUE: 90.8 MEUR - TODINI SHARE: 100% PERIOD: July 2005 July 2008

Azerbaijan

Azerbaijan EMPLOYER: Azerroadservice OJC Dept Ministry of Transport : «Baku-Samur» Rebuilding of the M3 from Km 28+000 to Km 89+000 (2 lines per each carriageway, including 31 viaducts) CONTRACT VALUE: 58.7 MEUR - TODINI SHARE: 100% PERIOD: September 2007- November2010

Azerbaijan

Belarus EMPLOYER: Republic Unitary Enterprise «Minskavtodor Center» : Motorway M1/E30 «Brest-Minsk-Russian border» - road improvement works, total length 279 Km, including repair and reconstruction of 70 bridges CONTRACT VALUE: 74.6 MEUR - TODINI SHARE: 100% PERIOD: April 1995 September 2001

Belarus

Belarus EMPLOYER: Republic Unitary Enterprise «Minskavtodor Center» : M5 «Minsk-Gomel» - rehabilitation of road section, total length 53 Km with improvement from 2 to 4 lanes for each carriageway and construction of bridges and interchanges CONTRACT VALUE: 105.2 MEUR - TODINI SHARE: 100% PERIOD: August 2011 in progress

Belarus

Kazakhstan EMPLOYER: Ministry of Transport and Communication : «Atyrau-Aktau Road Rehabilitation» - section Karabatan-Dossor from Km 317,400 to Km 381,800 CONTRACT VALUE: 25.4 MEUR - TODINI SHARE: 100% PERIOD: April 2006 April 2008

Kazakhstan

Kazakhstan

Moldova EMPLOYER: APA Canal Chisinau SA : «Water Main Rehabilitation» in 6 districts of Chisinau (total length of rehabilitated mains 105 Km) CONTRACT VALUE: 20.4 MEUR - TODINI SHARE: 100% PERIOD: July 1999 December 2001

Romania EMPLOYER: Compania Nationala De Autostrazi Si Drumuri Nationale Din Romania SA (CNDR) : National Road N. 7 Contracts 3+4 Rehabilitation and upgrading of 118 Km including bypass and overpass CONTRACT VALUE: 43.5 MEUR - TODINI SHARE: 33,33% PERIOD: October 1993 December 1997

Romania

Romania EMPLOYER: Compania Nationala De Autostrazi (CNDR) SA : Bucharest-Pitesti Motorway ContractsA+B improvement and rehabilitation from Km 10+600 to Km 106+500 including 1 new emergency lane, 10 new overpasses, 13 new interchanges and reconstruction of 10 viaducts CONTRACT VALUE: 57.7 MEUR - TODINI SHARE: 50% PERIOD: August 1997- August 2000

Romania

Romania EMPLOYER: Compania Nationala De Autostrazi (CNDR) SA : Bucharest-Pitesti Motorway ContractsA+B improvement and rehabilitation from Km 10+600 to Km 106+500 including 1 new emergency lane, 10 new overpasses, 13 new interchanges and reconstruction of 10 viaducts CONTRACT VALUE: 57.7 MEUR - TODINI SHARE: 50% PERIOD: August 1997- August 2000

Romania

Ukraine EMPLOYER: Ukravtodor Ministry of Transport : «Kiev-Chop Road» Rehabilitation Lot 1 from Km 348 to Km 441, including reconstruction of 19 viaducts CONTRACT VALUE: 87.7 MEUR - TODINI SHARE: 100% PERIOD: October 2007 June 2011

Ukraine

Ukraine

Ukraine EMPLOYER: Ukravtodor Ministry of Transport : «M06 Kiev-Chop Road» Rehabilitation (Contracts 1-2-3-4, section Zhitomir-Kiev) from Km 14+080 to Km 128+000, including rehabilitation of 23 bridges, 15 pedestrian overpasses/underpasses and construction of 10 pedestrian overpasses CONTRACT VALUE: 258 MEUR - TODINI+SALINI SHARE: 65% PERIOD: August 2011- in progress

Ukraine

Ukraine

11 Projects financed by executed/in progress by Todini since 1994 - Total value: 863 MEUR Azerbaijan Georgia Kazakhstan Russian Federation WB Group financed projects

List of WB Group Projects executed/in progress by Todini AZERBAIJAN Baku-Shamakhi Road (122 Km) 87.3 MEUR Kurdamir-Ujar Road (42 Km) - 57.6 MEUR GEORGIA Kutaisi bypass (17 Km) - 53.1 MEUR KAZAKHSTAN Irrigation/drainage works in Shimkent 19.5 MEUR Almaty-Akmola Road (145 Km) 36.6 MEUR South-West Road Project Kyzilorda (220 Km) - 257.2 MEUR (plus 410 Km by Salini 277.7 MEUR) in progress RUSSIAN FEDERATION M10 Road Klin (20 Km) 11.7 MEUR M1 Motorway Kubinka (16 Km) 12.0 MEUR M7 Motorway Petuski (71 Km) - 25.0 MEUR Bolshoy Ustinsky Bridge Moscow 20.0 MEUR Novospasskiy Bridge Moscow 15.3 MEUR WB Group financed projects

WB Group financed projects