Meinl Capital Advisors AG

1. Meinl Capital Advisors AG

2. 1. Who We Are • 2. Selected MCA Transactions • 3. Key Personnel

3. Who We Are

4. Meinl Capital Advisors AG is the investment banking and corporate finance advisory arm of Meinl Bank AG, Austria’s leading private merchant bank, with strong experience in privatization, financial restructuring and investment projects in Central and Eastern Europe. Meinl Capital Advisors AG assists Governments as financial advisor in privatizations and restructuring of state-owned enterprises and assists corporate clients in identifying and implementing mergers and acquisitions, preparing feasibility studies for new investments, and in raising funds through international capital markets. A principal area of the firm’s activity is energy (e.g. electric power sector) and infrastructure (e.g. airports), as well as heavy industry (engineering, metallurgy), light industry, food and beverage industry and the financial services sector. The Meinl Capital Advisors AG and its management team have carried out numerous successful M&A transactions and privatizations and restructurings in Central and Eastern Europe. Meinl Capital Advisors AG has its headquarters in Vienna, with regional offices in Belgrade and Skopje. Meinl Capital Advisors AG

5. Products and Services M&A M&A advisory mandates for International Companies in Central and Eastern Europe Privatisation advisory mandates for Governments Investment of proprietary (Meinl Bank) funds in industrial projects in Central and Eastern Europe Advisory assignments for Supra-national Organisations - Donor Funded Projects Corporate, financial and organizational restructuring of enterprises in Central and Eastern Europe M&A Privatization Direct Investment Donor and IFI-Financed Projects Corporate Restructuring

6. Advisory Services to Governments Privatisation Advisory Services • preparation and implementation of tenders, negotiated sales of enterprises and auctions • due diligence and valuation services • closure and completion of transactions Industrial Restructuring Services • corporate reorganisation of industrial groups • financial restructuring of companies • organisational restructuring / social plans Debt Restructuring Services • forfaiting, factoring, trading of sovereign and corporate debt

7. M&A Advisory Services Market research Target identification • Establishing and arranging necessary contacts and connections relationship management and lobbying Information and data gathering Structuring of transactions • Bidding strategy • Local legal and regulatory framework • Professional support in all stages of the transaction • Expertise in settlement and tax optimisation of the transaction • Arranging international project and acquisition financing (debt & equity) • Financial structuring Support in negotiations and closing Post-merger support

8. 2. Selected MCA Transactions

9. Selected MCA Transactions to Date (1)

10. Selected MCA Transactions to Date (2)

11. 3. Key Personnel

12. Key Personnel (1) Peter E. Gumpel Chairman of the Management Board, Meinl Capital Advisors AG Mr. Peter Gumpel has carried out numerous privatization projects for governments in Central and Eastern Europe, including Bulgaria, Hungary, Macedonia, Montenegro, Russian Federation, Serbia, Slovakia and Ukraine, as well as M&A projects for foreign investors in this Southeast Europe and the ex-Soviet Union. Before joining the Meinl Bank Group in 2001, Mr. Gumpel was member of the management board of Raiffeisen Investment AG. Ferenc Berecz Member of the Management Board, Meinl Capital Advisors AG Mr. Berecz is a senior investment banker with many years’ experience in the electricity and oil and gas sectors of Czech Republic, Hungary, Poland and South-East Europe. Before joining Meinl Capital Advisors AG as Director in 2004, Mr. Berecz has worked for 10 years with Commerzbank, Frankfurt as well as with NM Rothschild in London.

13. Key Personnel (2) Rolf Theuer Director, Meinl Capital Advisors AG, Vienna Mr. Rolf Theuer joined Meinl Capital Advisors AG in April 2007. His responsibilities include the management of investments in various industries such as F&B, consumer goods and infrastructure. Prior to that, Mr. Theuer was the CEO of Raiffeisen CEE Private Equity Fund, acted as managing director of Raiffeisen Ost-Invest, Chief Analyst at Raiffeisen Investment AG and Senior Manager of the Capital Markets Group, Raiffeisen Zentralbank. Elena Kirtcheva Senior Advisor, Meinl Capital Advisors AG, Vienna Ms. Kirtcheva, the former Bulgarian Ambassador to Austria, Switzerland and Finland and General Secretary of the Vienna Economic Forum, has many years’ experience in CEE investment banking and in diplomacy. She is active in new business origination for MCA in Southeast Europe and ex-Yugoslavia. Zlatko Cerepnalkoski Representative, Meinl Capital Advisors AG, Skopje Mr. Cerepnalkoski is an experienced energy sector specialist. He is the local team leader of the Meinl Bank Consortium responsible for the restructuring and privatization of the Macedonian electricity sector. He has many years´ experience in the CEE energy sector. Gorica Obucina Representative, Meinl Capital Advisors, Belgrade Ms. Obucina is responsible for the activities of our firm in Serbia, Montenegro and Bosnia and Hercegovina. She has implemented various important transactions in the region including the restructuring of GOSA Smederevska Palanka and the privatization of Fabrika Vagona Kraljevo and other key companies.

14. Our Value Added Committed team with mixture of relevant industry and Merger & Acquisition experience Enhance value for Investor as Shareholder Experience in valuation methods for relevant industries INVESTOR International team Proven track record of successful transactions in the region Pragmatic and results oriented team

15. Meinl Capital Advisors AG Johannesgasse 20, A-1010 Wien www.meinlbank.com +43 1 531 88 750