INTELLIGENT MINE The Future of Mining VIST Mining

INTELLIGENT MINE The Future of Mining VIST Mining Technology Saint Petersburg, 21 st – 23 rd June, 2012

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 INTELLIGENT MINE MISSION Development of the First Robotized Mine in Russia 1

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 INTELLIGENT MINE VALUE FOR CUSTOMERS Increasing of mine fleet productivity by 15 -20% Allows to operate mining works at harsh climatic conditions and remote regions Solve problem with the lack of labor in mining regions Allows to decrease operation cost 2

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 3 INTELLIGENT MINE KEY DEVELOPMENTS Robotized mining equipment - Trucks - Excavators - Loaders - Dozers Control Center Wireless system High Precision Navigation

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 INTELLIGENT MINE WHAT IS DONE Mine fleet management system VG Karier is implemented on the key mining enterprises in Russia and CIS 2010. Remote managed robotized mining truck based on Bel. AZ 75137 was successfully shown at Belaz Autoworks 2011 Intelligent mine section at Russian Academy of Sciences is established On-board electronic systems developing for mining trucks Bel. AZ and OMZ mining excavators 4

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 INTELLIGENT MINE 5 WORLD EXPERIENCE – GROWTH OF THE MARKET Rio Tinto (mines in Pilbara, Australia), Komatsu project 2009 -2012 – 2 robotized mines Autonomous Mining System (Alberta Mining Corporation), Canada – Caterpillar project 2011 -2015 - 8 robotized mines Codelco, Chile –Komatsu project 2009 -2011 - 1 robotized mine WORLD EXPERIENCE 1 project is done 2 projects are developing

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 INTELLIGENT MINE COMPETITIVE ADVANTAGES Universal system – can be used in mining enterprises with every type of mining equipment Does not depend on type of used mining equipment (most of mining enterprises use combined mining equipment from different suppliers) Lower price of the System (30 -40%) 6

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 7 INTELLIGENT MINE MARKET Stage Volume Growth rate Competitors level Number of competitors Market Share World Russia + CIS Grouping $ 5 bln. $ 900 mln. 70% 50% medium Very low 5 3 15 -20% 80 -90%

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 MARKET POTENTIAL CLIENTS Existing client of parent company (> 50 mining holdings) Mining enterprises operating at harsh climatic conditions and remote regions World mining enterprises (Africa, Asia, Australia, South America) Military and emergency applications 8

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 9 BUSINESS MODEL STRUCTURE 3% PROJECT 5% 20% SALES AND DEPLOYMENT 72% SERVICE AUDIT

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 BUSINESS MODEL TODAY customers request and ready to buy parts of INTELLIGENT MINE system Collision avoidance system Robotized dump trucks Remote management mining equipment Systems of control and mineral quality management Drill management systems Integrated system of industrial safety and risk control 10

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 VIST MINING TECHNOLOGY 11 KEY FACTS 100% subsidiary of VIST Group – the leader in development and deployment of Mine Fleet Management Systems in Russia and CIS > 50 employees in R&D department > 20 years in mining industry Government Award in field of Science and Technology Approved by ROSTEHNADZOR (officials) IPO plans on MICEX – 4 th Quarter 2012. Most part of money will invest into developing and promoting Intelligent Mine

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 12 INVESTMENT PROGRAM 2012 -2014 - $27 -30 mln 40 -50 % - self investments Targets mln Intelligent Mine Project $ 15 M&A $6 Product Development $5 Regional Development Social Programs (educational, grants, scholarship etc. ) $2 Intelligent Mine Project M&A Product Development $1 Regional Development Social Programs (educational, grants, scholarship etc. )

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 13 FINANCE PLAN Growth rate Growth in 2012 -2015 provides by: Growth rate*, mln RUR. Number of Deployments Average price increasing Increasing of products supply to manufacturers of mining equipment Diversification of solutions for mining Income from Service and maintenance for customers Diversification CAGR 2012 -15 years. : Net Profit Revenue *Excluding Intelligent Mine NPV EBITDA Rate Revenue + 29% EBITDA + 32% Net income + 32%

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 VIST MINING TECHNOLOGY 14 TEAM Dmitry Vladimirov Kliment Nikolaevich Trubetskoy CEO Awarded by Russian Government Price in field of Science and Technology Co-Founder of VIST Group In business since 1988 Science consultant and leader, Phd, Academician, Awarded by Russian Government Price in field of Science and Technology, Member of RAC, Director of IPKON RAC Alexey Klebanov Nikolay Odintsev Mining Technology Director Phd Awarded by Russian Government Price in field of Science and Technology Co-Founder of VIST Group In business since 1988 CTO, Phd, Awarded by Russian Government Price in field of Science and Technology In company since 1997 Mikhail Makeev Dmitry Klebanov Project Director Business Development Director In company since 2006 In company since 2009

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 VIST MINING TECHNOLOGY KEY PARTNERS OF THE PROJECT 15

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 CLIENTS 16 ALL MAJOR MINING HOLDINGS IN RUSSIA AND CIS More then 50 companies in 4 countries use our systems Our on-board equipment supplied to Indonesia, China, Latin America and other mining regions

XVI St. Petersburg International Economic Forum, 21 st – 23 rd June, 2012 THANK YOU! 17 VIST Mining Technology 107078, Moscow, Dokuchaev per. , h. 3, /1 tel: (499) 975 -3394, 975 -2217, 975 -2047, 975 -3669 Fax: (499) 975 -1846 www. vistgroup. ru Dmitry. klebanov@vistgroup. ru