GEFEST joint-stock insurance company was established in Moscow in 1993

2. IJSC «GEFEST» - WHO WE ARE • GEFEST joint-stock insurance company was established in Moscow in 1993 • The company is widely recognized as a leader in construction insurance, including unique, technically complex and capital-intensive infrastructure construction projects • The company is aggressively developing into a universal B2B insurer offering a wide range of general insurance services for commercial entities • GEFEST IS A MEMBER OF: • The International Association of Engineering Insurers (IMIA) • The All-Russia Union of Insurers • The Russian Tunnel Association • The Association of Moscow Investors • The Russian Union of Motor Transport Insurers • Russian Anti-Terroristic Insurance Pool • The National Union of Liability Insurers for exploiters of hazardous industrial objects

3. IJSC «GEFEST» - WHO WE ARE • Branches and representatives: in 15Russian cities. Insurance protection in 51 regionsof Russia • People: more than 300 employees work for the company nowadays • Financial strength rating by Fitch Ratings on “B+” (positive outlook) on the international scale and “А” on the national scale • Financial strength A+ rating (very high reliability) on Expert RA national rating agency • Share capital – 750 mln. RUR (about 25 mln. USD) • STRATEGIC APPROACH: • Development of engineering risks insurance and reinsurance, creation of system approach to new business lines such as MB, MLOP, LOP, BI, liability • Development of new lines of business: insurance of power industry, oil-and-gas, railway and other transport systems • Development of comprehensive insurance • At the same time the Company strives to be highly experienced universal insurance and reinsurance company

4. OUR COMPETITIVE ADVANTAGES • 19years experience in insurance of the most huge and complex construction projects all over Russia • Perfect relationship with contractors and state customersof a huge construction projects, financed from federal and regional budget • Unique engineering underwriters teamwith great insurance and on-site work experience • Invaluable experience in settlementof huge and complex claims. Professional and highly experienced team of claims managers • Largest claims paid under insured events occurred on Russian CAR/EAR insurance market • Reliable reinsurance protectioncreated not only for capital-intensive construction projects but also to protect properly all kinds of business written by the company • Wide range of directions on reinsurance activity: very developed relationship with Russian companies and great value of international inward and outward business • Intensive development of the Company combined with development of a types of insurance different from CAR/EAR applying the system approach in risks management • GEFEST is the national leading expert in liability insurance of Self Regulating Organizations members (SRO insurance) • The new sales channel is operating: cooperation with insurance brokers

5. POSITIONS ON RUSSIAN MARKET 34 By the volume of written premiums IJSC «GEFEST» keeps the 34th place 2 BythevolumeofwrittenpremiuminCAR/EAR insurance, IJSC «GEFEST» hasbeenstronglykeepingone of theleadingpositions *information provided by Expert RA (Russia) as at 2011

6. KEY FINANCIAL FIGURES

7. OUR PORTFOLIO STRUCTURE *information as for 2011 year results

8. CAR/EAR INSURANCE We are proud of our engineering risks portfolio and effective cooperation with our clients. JSIC «GEFEST» provides reliable insurance and reinsurance protection for the most famous and complex construction projects in Russia

9. CAR/EAR PORTFOLIO *info as at October 2012

10. ENGINEERING ACCOUNT - LARGEST CAR PROJECTS

11. ENGINEERING BUSINESS – LARGEST CLAIMS

12. OUR TREATIES CAR/EAR treaty (with indirect section) Type: excess of loss reinsurance Base: losses occurring during 1 calendar year w.e.f. 01/01/2012 Total capacity: 100 mln USD on SI/PML basis Structure: 1st Layer: 3.3 mln USD in excess of 700 000 USD 2nd Layer: 6 mln USD in excess of 4 mln USD 3rd Layer: 90 mln USD in excess of 10 mln USD Leader: Swiss Re. Placed via brokers: Challenge Group Ink and RIFAMS IB Property treaty (with indirect section) Type: excess of loss reinsurance Base: losses occurring during 1 calendar year w.e.f. 01/05/2012 Total capacity: 10 mln USD SI/PML/Loss limit basis Structure: 1st layer: 3 mln USD in excess of 300 000 USD 2nd layer: 6.7 mln USD in excess of 3.3 mln USD

13. OUR TREATIES Motor hull treaty Type: excess of loss reinsurance Base: risk attaching with effect from 01/04/2012 Total capacity: 1.33 mln USD Structure: 1st layer: 280 000 USD in excess of 50 000 USD 2nd layer: 1.0 mln USD in excess of 330 000 USD Cargo treaty Type: excess of loss reinsurance, commencement date 01.07.2012 Total capacity: 3.33 mln USD Reinsured`s self retention: 100 000 USD Self-regulated organizations liability treaty Type: excess of loss reinsurance, commencement date 01.01.2012 Total capacity: 3.33 mln USD Reinsured`s self retention: 165 000USD

14. INWARD REINSURANCE. FAC + TREATIES

15. REINSURANCE TEAM Vladimir Chubukov The First deputy General Director, in charge of reinsurance Grigory Vinogradov Head of Reinsurance department Elena Orlova Deputy Headof Reinsurance department Treaties Denis Nikolaicev Chief underwriter of Reinsurance department Engineering risks

16. Thank you for attention! Any questions? GEFEST Reinsurance Team reinsurance@gefest.ru