Joint Stock Company « ELEKTRQISHLOQQURILISH »

1. Joint Stock Company «ELEKTRQISHLOQQURILISH» Tashkent 2016

2. General Information АО «ELEKTRQISHLOQQURILISH»

3. General Information JSC «ELEKTRQISHLOQQURILISH» consistsof a CentralAdministrationDepartment, 6-mechanized units (locatedintheAndijan, Namangan, Syrdarya, Khorezmregions, RepublicofKarakalpakstanandTashkent), NamanganSubsidiaryEnterprise (manufactureof 35-500 kVsteelsupports) KuvasaySubsidiaryEnterpriseforconcreteproducts (productionofreinforcedconcretesupportsforoverheadpowerlines, foundationsandotherreinforcedconcreteproducts), aswellastheDepartmentoftheproductionandtechnicalcompletion. Construction JSC «ELEKTRQISHLOQQURILISH» isoneoftheleadingenterprisesintheRepublicofUzbekistanforproductionandconstructionofpowertransmissionlineswith a voltage 0.4-10-35-110-220-500 kVandsubstationswithdifferentvoltage. АО «ELEKTRQISHLOQQURILISH»

4. Description of the Company History “UzSelelektrostroy" Trust was founded in 1936 in order to perform construction and installation works on the construction of new and reconstruction of existing power transmission lines (PTL) and electric substations (SS) with a voltage 0,4-6-10-35-110kV. Complete electrification of the Republic was made in due time, to a large extent by the own forces of our company. The work is performed by specialized mechanized units located in the Andijan, Ferghana, Namangan, Syrdarya, Tashkent, Khorezm regions, Republic of Karakalpakstan and Tashkent, which are equipped with special machines and machinery (cranes, support carriers, Auger trucks, TV towers, bulldozers, excavators and others with more than 300 descriptions), small-scale mechanization tools, tools and have qualified personnel for the construction of transmission lines and substations (line foremen, craftsmen, foremen, climbers, electricians, linesmen for the construction of transmission lines and substations, drivers and machine operators and other specialized equipment.). Based on No. 589 Resolution of the Mirzo Ulugbek district Khokim, Tashkent dated 06.07.1998, Orders of the State Property Committee of Uzbekistan No.442-k PO dated 11.07.1996, No. 63-k PO dated 12.05.1998, No. 298-k PO dated 19.09.2001 and № 12 Order of the Ministry of Energy of the Republic of Uzbekistan dated 26.01.1998, No.1 "Uzselelektrostroy» Trust starting July 7, 1998 has been reorganized into OJSC "Elektrqishloqqurilish“. Starting November 12, 2014 based on № 143 order of the "Elektrqishloqqurilish" OJSC dated 12.11.2014 "Elektrqishloqqurilish“ Open Joint Stock Company wad renamed into "Elektrqishloqqurilish“ Joint-Stock Company. АО «ELEKTRQISHLOQQURILISH»

5. Information regarding subsidiary and dependent enterprises The Company has one subsidiary - "Taiz Universal Service" DE LLC and one associated company - "Fargonamahsusenergomontazh" LLC which were established and carry out their activities in accordance with the law. "Taiz Universal Service" DE LLC is specialized in the production of overhead power line fittings for the needs of the power industry, as well as performing product localization projects in Uzbekistan. "Fargonamahsusenergomontazh" LLC is specialized in the construction of power lines and substations with different voltage under turnkey projects. АО «ELEKTRQISHLOQQURILISH»

6. Company’s description Company’s Management Corporate governance system consists of the following control bodies: General meeting of shareholders - supreme governing body; Supervisory Board; Audit committee; Sole executive body is represented by Director. Supervisory Board of the «ELEKTRQISHLOQQURILISH» JSC consists of 9 members: Isakulov D.A. – Chairman of the Supervisory Board – First Deputy Chairman of the Managing Board, “Uzbekenergo” JSC; Aytimbetov Sh.A. - Head of Capital Projects Department, "Uzelektroset“ UE; Namozov J.K. - Chief Legal Counsel, "Uzbekenergo“ JSC; Siradjev A.Z – Head of Department for Implementaion of Investment Projects, JSC "Uzbekenergo"; Abdurakhmanov F.M - Chairman of the Board, JSC "FIEM"; Mirgaliev M.M - Deputy Director General, JSC "Elektrtarmokkurilish"; Moskalenko AE - General Manager, "Sayreks“ LLC Enterprise with Foreign Investments Khusanov R.S. – professional Counsel, JSC "Elektrtarmokkurilish"; Khamidov K.T. - General Manager, JSC "Elektrtarmokkrilish" Executive Board Director gereal JSC «ELEKTRQISHLOQQURILISH» - Yusupbekov Yu.I. Since February 5, 2016 АО «ELEKTRQISHLOQQURILISH»

7. Information of the Authorized Fund Authorized Fund of the JSC «ELEKTRQISHLOQQURILISH»is 814 485 000 UZSor162 897 ordinary registered shares with a nominal value 5 000 UZS. Shareholders are as follows : Produced additional issue of securities in the amount of 18.5% in the amount of 37,103 units worth 185815 000soums. Put up for sale at a cost of $ 20 za1 pieces. АО «ELEKTRQISHLOQQURILISH»

8. Human Resources As of 01.01.2016, the average number of company employees is 963 people (for reference: the listed number for the reporting year is 912 people on average. АО «ELEKTRQISHLOQQURILISH»

9. Licenses for the main activity АО «ELEKTRQISHLOQQURILISH»

10. General Information At present the Joint Stock Company has the following construction and road machines and facilities SPECIAL MACHINES (crane truck, AFD, fire rescue and etc) MACHINES (tractor, excavator, earthmover and etc) АО «ELEKTRQISHLOQQURILISH»

11. MOTOR VEHICLES

12. MARKET ANALYSES Products of the "Elektrkishlokkurilish" JSC are in demand both in the domestic market and foreign markets. Concrete products, hardware, products, and coupling fittings and consumer goods are goods of daily demand and required for local residents. However, its production is still not settled in the republic in full demand, despite having rich resource base. Production of high-quality products of local production, oriented to receive import-substituting commodity products, which fully meet requirements of the domestic and international markets. Constantly working in the field of production and sales of consumer goods, the company has created strong and reliable partnership relations with many organizations of the republic, and has established itself as a reliable provider of electrification services. JSC "Elektrkishloqqurilish" has developed a program of marketing research of the local market and enters into contracts for sale and distribution of finished products to enterprises with various forms of ownership, as well as to individuals. АО «ELEKTRQISHLOQQURILISH»

13. STRENGTHS - Proximity of fuel and energy resources (natural gas and electricity); - Availability of transport infrastructure; - Long-standing reputation, experience and competence of the enterprise in the field of construction and installation works; - High production capacity to fulfill large orders; - Wide range of species for construction works; - Avaiulability of regular customers for certain types of products; - For some types of construction and installation work it is a sole executor in the Republic of Uzbekistan; - High qualified personnel; - Availability of our own facility for training of the company’s workers; WEAKNESSES - Availability of construction and assembly enterprises in the Republic of Uzbekistan offering a similar scope of services at a price below the prices offered by the JSC "Elektrkishlokkurilish"; - High cost of transport logistics (fuel, lubricants and spare parts) - Outdated machinery for construction and installation works not allowing to compete with other more updated companies for construction and assembly work, as well as outdated production technology not allowing to compete on price with Russian and Chinese manufacturers for the sale of products used during construction and installation works; АО «ELEKTRQISHLOQQURILISH»

14. THANK YOU FOR ATTENTION АО «ELEKTRQISHLOQQURILISH»