Company Background

2. Company Background Our story started in 1990 when the first Russian software for analyzing financial performance of businesses was created. INEC – a small consulting company – developed it for in-house use. From that point onwards information and analysis software development has become our core business. INEC today is a powerful research and operations organization offering a full complex of services for successful business engineering based on the most advanced technology solutions. The only unfailing principle is our key rule: we work for our customers the same way we would work for ourselves.

3. Company Background Over 40,000 customers in 150 cities of Russia have chosen to receive IT, consulting, audit and business training services from INEC Group. I sincerely hope that information about us will be pleasant and useful to you. And on our part, we will always be happy to see you among our friends and business partners! Emil A. Kotlyar, PhD, Economics Chairman of the Board, INEC Group

4. About the company INEC Group is one of the biggest IT and consulting companies in Russia. Mission Assist Russian businesses in their development and achieving success through software development and enhancement, through expanding its range of services and improving their quality. Strategy INEC Group business strategy is targeted at forming prosperous, healthy and secured business of its customers pro-actively responding to market trends.

5. Success philosophy Professionalism of the management INEC Group top managers are professionals being pioneers of the first Russian information and analysis software tools. Their proprietary financial analysis methodologies were then turned into commonly accepted standards. Professionalism of the staff INEC Group team comprises professional specialists: software developers, consultants, auditors, business trainers. Integral solutions INEC Group provides its customers with a broad platform of state-of-the-art products and services allowing for integral comprehensive solutions to deal with managerial tasks of any level of complexity.

6. Success philosophy Products and services quality INEC Group holds the Quality Management System Compliance Certificates in line with ISO 9000:2000 (EN), ISO 9001:2000 (EN), ISO 9004:2000 (EN). Price competitiveness Due to integral approach and quality of services INEC Group offers competitive prices at the market of IT solutions, consulting, audit and business training services.

7. Our progress According to some reputable rating agencies and expert publications, INEC Group is traditionally included into the TOP-100 of major Russia consulting and IT companies. Economic weekly journal "Kommersant DENGI" listed INEC among 100 major Russian consulting firms at the 25st position. The research carried out by “Expert RA” rating agency demonstrated that in 2009 INEC held 40th position in the list of major Russian consulting companies.

8. Our progress INEC Group holds 16th position among software developers based on 2009 rating outcomes (DENGI journal). INEC Group proved its highest rating index А+++1+++1+++(%) and was acknowledged as the leader of business consulting services market within UNi “Consulting” and “IT Consulting” nominations. Software by INEC has won multiple prizes in international competitions of finance and business software developers.

9. Our customers • Over 40,000 customers in 150 cities of Russia have chosen to receive IT, consulting, audit and business training services from INEC Group. • Government: • RF Ministry of Finance • RF Ministry of Economic Development • RG Ministry of Education and Science • RF Ministry of Agriculture • Bank of Russia • Deposits Insurance Agency • Housing Mortgage Credit Agency • Federal Agency for State Property Management • Federal Agency for Information Technology • Government of Moscow

10. Our customers Organizations and enterprises: • Troika Dialog • MGTS • NORTH-WEST Telecom • Kamazleasing • DSK-1 • SU-155 • Rosspirtprom • Russian SatelliteCommunications Company • Gazfond • Capital-ig • Gazprom • LUKoil • Russian Railways • ТNК-BP • Tatneft • Norilsk Nickel • JFC Sistema • Beeline • Aeroflot • MICEX

11. Our customers Finance and credit institutions: • Sberbank • VTB • VTB24 • Russian Agricultural Bank • Bank of Moscow • Uralsib • Promsvyazbank • JSC “NOMOS-BANK” • Zenit • Novikom • UniCredit Bank • Bank of Cyprus • GE Money Bank • Bank of Tokyo-Mitsubishi UFJ • Yapi Kredi Bank Moscow • Belgazprombank • Asiainvestbank • IBA-MOSCOW • Kazkommertsbank • JSC Ukreximbank

12. Our customers Auditing and consulting firms: • BDO Unicon Group • Gorislavtsev & Co • FinExpertiza • Rosgosstrakh • ROSNO • Zhaso • Region • Intercom-audit • BFI Consulting group • Regiongarant • Rezonans • Rosles-re Insurance enterprises:

13. Information systems development and complete integrated automation INEC Group offers a full scale of services to design, develop, implement and support integrated information and analytical systems for comprehensive computerization of government agencies. We offer unique integrated information and analytical systems for computerization of: - management and administration; - accounting an property management; - decision support packages; - financial, macroeconomic and microeconomic analysis.

14. Projects procured by government: • 2008 • Computer system for Moscow City Technical Inventory Control Bureau • Information system for automation of technology processes at Rosimustchestvo territorial offices • 2007 • Commission and launch into commercial operations electronic interactive environment of “Digital Moscow” Metasystem (Phase 2) • Launch into commercial operations information system for controlling and analyzing data about Moscow City property and assets, completion of information and analytical system “Real Property – 2” for Moscow City Property Management Department, develop Unified City Property Register

15. Projects procured by government: • 2007 • Develop and launch into trial operations the information system for Uniform Property Register • Launch into pilot operations automated information system “City Assets Registration and Accounting” • 2006 • Information analytical system for registration and analysis of activities of federal enterprises and organizations within the perimeter of the RF Ministry of Industry and Energy (and its subordinate agencies) • 2005 • Develop and launch into commercial operations the information analytical system “Moscow Industries”

16. IT-consulting • One of the core areas of INEK business is provision of IT-consulting services: • development of model information system for an enterprise • technical consulting • building data storage and processing systems • business processes and work flows simulation • consulting in the sphere of information systems development • information systems implementation • information systems interface

17. “Analytic” software tools • “Analytic” software comprises tools for integrated solutions of common financial tasks, which any type of enterprise/organization might face: • - accounting and managerial reporting analysis • - control of plan vs. actual indicators, deviations analysis • - development and analysis of business plans, plans of financial restructuring of an enterprise • - business valuation • - calculations of budget effectiveness • - analysis of financial status of borrowers • - assessment of loans feasibility • - preparation of anti-crisis programs and financial restructuring plans • - reserves estimations based on financial status of borrower, debt servicing quality and loan security • - obtaining overall credit portfolio data by quality categories

18. INEC-AFSP and INEC-ADP tools “Analytic” software tools provide solutions for tasks of different complexity levels. Financial status analysis INEC-AFSP is a financial analysis tool (based on external accounting data), it also allows for financial monitoring and benchmarking of enterprises/ organizations engaged in different business areas. Financial status analysis + economic activities analysis INEC-ADP is a tool for analyzing (based on accounting and managerial reports) financial/economic performance, monitoring and benchmarking of enterprises/organizations engaged in different business areas.

19. INEC-Analytic tools Financial status analysis + economic activities analysis + business plan INEC-Analytic software complex is designed for finding solutions in the spheres of financial and economic analysis, monitoring, investment, benchmarking, planning and plan vs. actual control for enterprises engaged in industrial operations and/or provision of services. Specialized software product INEC-Analytic (T) is designed for financial and economic analysis, monitoring, investment and planning for commercial organizations.

20. INEC-Holding tools The Bankovsky Analytic (Banking analyst) software system Financial status analysis + economic activities analysis + business plan INEC-Holding software complex is designed for finding solutions in the spheres of financial and economic analysis, monitoring, investment, benchmarking, planning and plan vs. actual control for enterprises engaged in diverse spheres of activities (industrial operations, provision of services, commerce, etc.). The Bankovsky Analytic (Banking analyst) software systemis designed for analyzing financial status of the borrower, calculation of loans reserve (according to Regulations N 254-P issued by the Bank of Russia), business valuation, net assets value calculation, loans feasibility analysis and plan vs. actual control.

21. “Analytic” software tools • “Analyst” software tools have earned confidence with over 6,000 users. • Our customers comprise: • enterprises and organizations identifying financial problems of businesses and developing business-plans; • government agencies monitoring financial status of enterprises; • commercial banks in need to decide on issuing loans and forming reserves for potential loss; • receivers engaged in financial analysis of businesses, identifying the signs of deliberate bankruptcy and developing financial restructuring plans;

22. “Analytic” software tools • Our customers comprise: • leasing companies in need to assess the possibility of their clients (lessees) to meet their obligations under leasing contracts; • holdings in need to evaluate performance and development prospects for their branches; • auditing and consulting firms engaged in evaluation of financial economic performance of enterprises, in developing their strategic development plans; • - investors in need to assess investment potential and bankability of Russian assets

23. “Analytic” software tools • “Analytic” software tools have the following advantages and special features: • they are universal, easy to use and implement, have user-friendly interface; • they have a broad spectrum of built-in analysis methodologies and are flexible to adjust to any specific task; • they allow for development of proprietary analysis methodologies; • they are based on multi-year cooperation with private businesses and public agencies.

24. Computerization of financial activities of credit and non-credit institutions Specialized comprehensive software tools “Financial Risks Manager” and “General Financial Reporting of Banks” allow for automation of financial activities of credit and non-credit institutions. Based on 2008 year-end data, banks from over 20 foreign countries (Germany, USA, France, Austria, Netherlands, Sweden, Denmark, Finland, RSA, Kazakhstan, Belarus, Ukraine, Turkey, Azerbaijan, Spain, Latvia, Belgium, Italy, Cyprus, China, Japan, etc.) are currently utilizing INEC software. In 2007 the Tender Committee of the Bank of Russia accredited LLC NVP INEC for the period of 3 years as one of the participants in closed tenders conducted by the Bank of Russia in the sphere of “Computerization” (No.16-5-3/5172 dated July 5, 2007).

25. Financial Risk Manager tool Financial Risk Manager tool is designed for computerizing professional activities of risk analysts and risk managers in credit institutions and insurance companies, investment and managerial companies, mutual funds and pension funds, foreign companies including banks, integrated holding companies. Financial Risk Manager tool is recommended for units engaged in risks identification, assessment and management; in monitoring and analyzing financial status and economic performance of businesses; in rating activities; resources management; defining limits for counterparties; investment activities; planning and financial tasks; financial and managerial reports; economic security.

26. Financial Risk Manager tool Every third Russian commercial bank is utilizing Financial Risk Manager tool. Out of 200 major Russian credit institutions listed in Finance journal rating list No.8 (243), 129 banks are utilizing Financial Risk Manager tool. Financial Risk Manager tool was awarded the 1st prize in the Analytical Software nomination at the annual exhibition SofTool-2006 in the context of “Product of the Year 2006” competition.

27. General Financial Reporting of Banks (OFO-BANK) General Financial Reporting of Banks tool (OFO-BANK, “Reporting Manager” version) is designed for automation of generating the mandatory reports by bank groups and consolidated reports by multi-branch banks, as well as reports by bank branches and by credit institutions without branch network to be submitted to the respective Territorial Offices of the Bank of Russia both on hard copy and in digital format using software tools such as Kliko, Obved and PTK PSD. Based on the data as of 2008 year-end, over 150 credit institutions and branch offices are utilizing comprehensive software tool General Financial Reporting of Banks (“Reporting Manager” version).

28. CONSULTING Over 18 years consultants from INEC Group have been efficiently applying their expertise and practices to resolve the issues for enterprises /organizations in various areas of business and different industries. We can account for numerous projects we have successfully implemented for private businesses and public agencies. We assure customization and taking into account the specific features of each and every customer. Due to a broad spectrum of tasks we capable of resolving, we can guarantee provision of comprehensive solutions. Our advantages are as follows: - reputation of an impeccable partner focused at mutually beneficial fruitful cooperation; - highly professional staff with great expertise and practices; - state-of-the art technology and methodology which we have adjusted to the specifics of Russian and international accounting and tax accounting standards; - custom-tailored approach.

29. CONSULTING • INEC Group provides consulting services to various organizations and government agencies. • Business consulting services: • assessing financial and economic status of organizations; • business planning and investment design; • marketing research, markets/industries reviews, trends forecasting; • management accounting and budget planning; • management consulting and building organizational capability of an organization.

30. CONSULTING • Services provided to government agencies: • current status analysis and economic forecast by regions, industries, groups of companies; • comprehensive regional development programs development; • regional social and economic development projects and programs; • implementation of projects and programs targeted at improving the efficiency of certain federal and regional government agencies; • installation and implementation of automated decision-making support systems.

31. AUDIT NEC Group offers a broad variety of auditing and related services. Focus on our customers’ actual needs, sharp response to new market trends allow us for on-going expansion of our business and for offering new types of audit/valuation services to our customers. LLC INEC-Audit is a member of independent auditing non-commercial partnership “Moscow Audit Chamber”.

32. AUDIT • Auditing and related services: • mandatory, unscheduled and special audits; • tax planning, tax accounting, tax audit; • analysis of financial and economic performance of enterprises; • due diligence, pre-investment survey; • IFRS audits, conversion of reports into IFRS format; • management (operational) audit: due diligence; • - operational consulting on current issues and methodology of accounting.

33. VALUATION Our unique experience and good understanding of various assets methods combined with extensive data base allow for INEC experts to implement valuation projects within the shortest possible deadlines and with unfailing high quality. We are extremely mobile and can valuate assets based both within the Russian Federation and abroad. Valuation services: - operational asset (business) valuation; - real property valuation; - plant and equipment valuation; - accounts receivable valuation; - intangible assets valuation; - financial assets/liabilities valuation; - other assets valuation. LLC INEC-Audit is a member of non-commercial partnership “Russian Assessors Board” .

34. ICT professional up-grading institute ICT professional up-grading institute is a specialized division within INEC Group. During 14 years of successful operations at business training services market over 30,000 specialists were able to up-grade their professional competencies in ICT. Our advantages: - innovative approach to business training; - entitled to issue government standard certificates; - customer focus and custom-tailored approach; - high level of trainers’ / professors’ professionalism; - modern technical equipment and auditoriums utilized in training process.

35. ICT professional up-grading institute The principle of combining theory with practice underlies our training, consulting and hands-on workshops, where we simulate real situations in the most relevant spheres of high demand: - accounting, audit, taxation; - finance management; - IFRS; - management and corporate governance; - HR management; - marketing, advertisement and PR; - sales, marketing and logistics; - information technology; - corporate learning.

36. ICT professional up-grading institute • Licenses and accreditations: • License No.A 161650 dated October 29, 2004, issued by the Federal Service for Supervision in the Sphere of Education and Science, granting the right to operate as training services provider; • Certificate No.25-2047 for government accreditation dated March 20, 2006, granting the right to provide “Additional Professional Training”; • Accreditation with the Institute of Professional Accountants of Russia: UMC N 74 for training and professional up-grading of certified accountants; • Accreditation with the RF Ministry of Finance: UMC N 52 for training and professional up-grading of auditors.

37. Dealer network • INEC Group partners comprise over 150 organizations throughout Russia. • Expansion in different regions and acquisition of new partners is one of the priority tasks for INEC. • We guarantee to our partners: • - high-quality information and analytical software; • - user training and training in software distribution/sales techniques; • methodology, consulting, marketing and advertisement support. • We want to perceive a partner as a reliable and successful ally in a region. • Complete list of partners and terms of cooperation may be found at www.inec.ru.

38. Contacts Phone: +7 (495) 786-22-30, +7 (495) 737-52-13 Fax: +7 (495) 786-22-30 E-mail: market@inec.ru Address: 16, building 3, Leningradskoye shosse, Moscow, Russia 125171