November 17, 2011, STOCKHOLM

1. RUSSIAN-SWEDISH BUSINESS COUNCIL November 17, 2011, STOCKHOLM

2. WHO WE ARE

3. OUR ROLE VEB principles of operation are defined in the Federal Law “On Bank For Development” and Memorandum on Financial policies 4

4. ACTIVITIES AT A GLANCE VEB acts as the government agency to facilitate Russia’s economic development and growth 4

5. RUSSIA-SWEDEN ECONOMIC COOPERATION: KEY FACTS RUSSIAN-SWEDISH TURNOVER Source: FEDERAL STATE STATISTIC SERVICE ► In January – July 2011 volume of bilateral trade between Russia and Sweden has increased significantly and reached USD 4.67 billion. ► Trade turnover between Russia and Sweden has been growing steadily over the last 4 years except for the year 2009 when both import and export have been affected badly by the global crisis.

6. KEY FACTS SWEDISH INVESTMENTS IN RUSSIA Source: FEDERAL STATE STATISTIC SERVICE ► Cumulative Swedish direct and portfolio investments into Russian economy in January – July 2011 is estimated at least at USD 2.59 billion

7. RUSSIAN-SWEDISH BUSINESS COUNCIL April 27, 2011, Stockholm – in the course of intergovernmental meeting Head of the Government of the Russian Federation Vladimir Putin and the Prime Minister of Sweden Fredrik Reinfeldt agreed to establish Russian-Swedish Business Council September 6, 2011, Moscow – founding meeting of the Russian Side of Russian-Swedish business council VEB is forming Russian part of Russian-Swedish Business Council and Ericssonis forming Swedish part of the Business Council 4

8. Business Council is co-headed by two co-Chairmen: ►From the Russian Side – Vladimir Dmitriev, Chairman of Vnesheconombank ►From the Swedish Side – Hans Vestberg, President and CEO of Ericsson Co-chairmen have executive role and provide overall steering of the business council as well as communicate with Russian and Swedish authorities Secretariat represented by two offices: ►From the Russian Side - Vnesheconombank ►From the Swedish Side – Ericsson Secretariat has coordinating role in the Business Council work, including calling for the regular meetings, handling meetings protocols and performing other administrative tasks Membership in the Business Council is free of charge Admission of the new members is after application which is subject to approval of the co-Chairman on the Russian and the Swedish sides accordingly BUSINESS COUNCIL GOVERNANCE

9. RUSSIAN-SWEDISH BUSINESS COUNCIL Mission: Russian-Swedish Business Council – a non-governmental, non-profit organization uniting its member around the objectives of growing trade and investment between Russia and Sweden Vision: Based on business practice of its members Business Council improves Russian-Swedish partnership by cooperating tightly with authorities to facilitate bilateral trade and investment Members: Russian-Swedish Business Councilrepresents the interests of its members -established large and SME business with trade and/or investment presence either on Swedish or Russian markets and it encompasses all business sectors 4

10. RUSSIAN MEMBERS OF THE COUNCIL ►VNESHECONOMBANK ►CHAMBER OF COMMERCE AND INDUSTRY OF THE RUSSIAN FEDERATION ►ROSENERGO ►VTB ►SBERBANK ►THE RUSSIAN TECHNOLOGIES STATE CORPORATION ►FESCO ►MICEX ►RUSNANO ►BUILDERS ASSOCIATION OF RUSSIA ►SKOLKOVO ►UNITED AIRCRAFT CORPOATION ►UNITED SHIPBUILDING CORPORATION ►SHIPING INDUSTRY ASSOCIATION ►ALL-RUSSIAN INSUARANCE ASSOCIATION ►RUSAL ►JSC “SPHERA” ►ANGARA PAPER ►DON STATE TECHNICAL UNIVERSITY ►TATAR ENTERPRISES AND ENTERPRENEURS ASSOSIATION ►YOUNG ENERGY PRIZE ►BIFAITER ►GAZPROMBANK ►RUSSIAN UNION OF INDUSTRIALISTS AND ENTERPRENEURS

11. SWEDISH MEMBERS OF THE COUNCIL ► ERICSSON ► IKEA ► TELE2 ► VOLVO Group ► Investor AB ► TETRA PAK ► ORIFLAME ► EKN ► SCANIA ► TELIA SONERA ► EAST CAPITAL ► SÖDRA ► SCA ► VOSTOK NAFTA ► ÅF Group ► SAS 4

12. ► To expand business contacts and mutually beneficial cooperation between Russian and Swedish business communities; ► To promote Russian business in Sweden and encourage investment to the Russian economy; ► To protect the rights and interests of Russian businessmen dealing with Russian and Swedish official bodies and private enterprises; ► To create constructive dialogue between Russian and Swedish business communities, interested in sustainable and effective development of bilateral business cooperation. RUSSIAN-SWEDISH BUSINESS COUNCIL AIMS: 4

13. RUSSIAN-SWEDISH BUSINESS COUNCIL CORE AREAS OF ACTIVITIES • Enhanced cooperation in power generation; • _________________________________________________________________________ • Increase of Russian hi-tech export to Sweden; • _________________________________________________________________________ • Implementation of modern technologies inforestry and timber industry, establishment of advanced wood processing factories in Russia; • __________________________________________________________________________ • Broader cooperation in the areas of nature conservation, information and communication technologies, space and nanotechnologies, medical industryand pharmaceutics; • __________________________________________________________________________ • Active cooperation in agribusiness and food production; • __________________________________________________________________________ • Expansion of cooperation ties in various sectors of economy; • __________________________________________________________________________ • Use of Swedish experience in the field of innovative policy, commercialization of modern technologies and respective government-business interaction. 4

14. PLANS FOR NEAREST FUTURE ►FINALISING AND SIGNING THE MEMORANDUM OF COOPERATION BETWEEN THE RUSSIAN SIDE AND THE SWEDISH SIDE OF THE RUSSIAN-SWEDISH BUSINESS COUNCIL ►RUSSIAN-SWEDISH PROJECT PIPELINE ►SUPPORT FOR INNOVATIONS, SCIENCE AND BUSINESS EDUCATION IN RUSSIA (EX.:COOPERATION WITH SSE) ►SEMINARS, EXHIBITIONS, ROUND-TABLES, BUSINESS-MISSIONS (EX.: SEMINAR ON WASTE MANAGEMENT, PLANNED FOR FEBRUARY 2012 IN MOSCOW) 4 4

15. Thank you ! Contacts: 9 Ak. Sakharov Ave., Moscow, Russia Tel.: +7 (495) 782 94 30Fax: +7 (495) 604 69 46Email: Suchkov_DI@veb.ru