JSC Uzneftegazinformatika Joint Stock Company Uzneftegazinformatika JSC Ozneftgazinformatika

JSC "Uzneftegazinformatika" Joint Stock Company "Uzneftegazinformatika» (JSC «O'zneftgazinformatika» ) is an engineering and service organization in the field of industrial automation, information, communication technologies, part of the organizational structure of the "Uzbekneftegaz" National Holding Company. JSC "Uzneftegazinformatika" the largest "engineering and commissioning and service organization industrial automation and communication technologies Republic of Uzbekistan The supervisory body of the company Joint Stock Company "Uzneftegazdobycha", NHC "Uzbekneftegaz". Address: 100007, Republic of Uzbekistan, Tashkent, str. , Mirzo Ulugbek, 32 a.

Structure of assets as at 01/02/2016 At this time, the statutory fund of the company is 615 323 thousand UZS. Number of shares - 615 323 pieces. Of them: The shares of "Mubarekneftegaz" LLC - 52. 46% - 322 797 pieces. The shares of Company's employees - 19. 81% - 121 888 pieces. The proportion of free sale - 27. 73% - 170 638 pieces. The largest shareholder is the "Mubarekneftegaz" LLC, which is engaged in oil and gas production in the Republic.

History of creation JSC "Uzneftegazinformatika" 1980 As part of the All-Union Industrial Association of Gas Industry in the Uzbek SSR (Soyuzuzbekgazprom) created Sectional Information Centre in Tashkent (KIVTS VPO "Soyuzuzbekgazprom"). 1988 KIVTS VPO "Soyuzuzbekgazprom" transformed into KIVTS ON "Sredazgazprom". 1993 KIVTS ON "Sredazgazprom" transformed into KIVTS GAO "Uzneftegazdobycha". 1995 KIVTS GAO "Uzneftegazdobycha" with reorganized into OJSC "KIVTS". 1998 JSC "KIVTS" renamed to OAO «KIVS» . 2006 JSC «KIVS» was renamed into JSC "Uzneftegazinformatika". 2014 JSC "Uzneftegazinformatika". renamed to OAO

JSC "Uzneftegazinformatika" - is: q 15 production units; q 355 highly qualified specialists in the field of industrial automation. Our specialists carried out the whole range of works on maintenance service and commissioning of automation systems of technological processes used in the NHC "Uzbekneftegaz", which are built on solutions of Siemens, GE, Allen. Bredley, Woodward etc. as well as own solutions.

Key technologies used in systems for industrial automation Webtechnologies SCADAtechnology PLC algorithms Development Environment DBMS GE Cimplycity Proficy ME MS SQL Server 2014 Allen. Bradley Genesis 32 Iconix RSLogix 5000 Postgresql 9. 4 Siemens Movicon Step 7 Win. CC

Services provided by JSC "Uzneftegazinformatika" Projecting Design 1 Systemic technical service 7 3 JSC "UZGI" 6 Service maintenance 2 Implementation 4 5 Information service Technological accompaniment Since 2000 JSC "Uzneftegazinformatika" provides a full range of industrial automation services for major industrial enterprises of "Uzbekneftegaz".

Accepted items 2 1 5 Industrial automation systems (instrumentation, controllers and SCADA levels) The control system implemented by third-party organizations 3 6 2 1 2 system fire alarm systems and fire-prevention automatics 3 system CCTV on classified sites 1 4 1 Projecting 3 Service maintenance 5 Technical assistance in the commissioning 2 Installation and commissioning 4 Maintenance 6 Repairs 3

Serviced properties (continued) 8 Relay protection, automation, remote control, secondary control circuit 4 7 3 Electrical Up to and over 1000 9 5 2 1 1 5 8 AMR and AMR (Automated control system and metering of electricity and gas) 3 4 Installation and 3 Design commissioning 7 Maintenance Introduction 6 Technological accompaniment 9 Repair and overhaul Commissioning works Projecting 2 Application software and information systems for the management of financial and economic and productive activity, by the decision of the settlement and engineering problems 4 Programming 6

Activity of JSC "Uzneftegazinformatika"in recent years UDP"Mubarekneftegaz" 1 GE Fanuc Honeywell 6 Software and hardware complexes of Automation Control Systems 6 Fisher. Rosemount (Emerson) UDP "Shurtanneftegas" UDP "Mubarek GPP» fire alarm systems and fire security automation of technological objects Compressor stations JSC "Uztransgaz" 9 Siemens 7 Woodward 6 2 Bentley. Neva da etc… 3 The automated gas metering control system (AGMCS) Power systems 4 Gas Transportation 8 7 2000 г. 2009 г. Power audit of consumers (energy resources) 2010 г. 2012 г. 2014 г. 1 Projecting 4 Technological Accompaniment 8 Design 3 Introduction 6 Service maintenance 9 Analysis of the consumption of power resources and the development of Recommendations to reduce the consumption of fuel and power resources 2 7 Installation and commissioning work Commissioning works

Production activity is carried out on the basis of: The license of the Cabinet of Ministers of the Republic of Uzbekistan to carry out activities in the field of design, construction and operation of high-risk facilities and potentially hazardous industries. The license of the State Committee for Communications, Informatization and Telecommunication Technologies of the Republic of Uzbekistan for the design, construction and operation (maintenance) data networks. The license to carry out activities for the design, installation, commissioning, repair and maintenance of automatic fire fighting equipment, security and fire alarm at the facilities of the Ministry of Defence of the Republic of Uzbekistan. The license of the Cabinet of Ministers of the Republic of Uzbekistan on the construction and repair of defense facilities.

The need for and the possibility of development of the enterprise Further development of the oil and gas industry of the Republic is impossible without modernization of technological equipment by its gradual replacement, which is controlled through the use of intelligent instrumentation and automation equipment, controller equipment and automated control systems with industrial SCADA. It, therefore, requires further development and improvement of services of service companies in the field of industrial automation, and in the development, implementation and maintenance of application software and information systems for the manufacturing and the financial and economic management. Further growth potential of "Uzneftegazinformatika" is possible if equipping of production units with modern computer and specialized equipment.

Market Review Currently, the services of "Uzneftegazinformatika" covered 26 largest enterprises and organizations of oil and gas industry of Uzbekistan. "Mubarekneftegaz" LLC; "Shurtanneftegas" LLC; "Gazlineftegazdobycha" LLC; "Mubarek GPP“LLC; "Ustyurtgaz" LLC; 24% The vast majority is the drilling companies of the industry and, companies of JSC "Uztransgaz". The share of major companies and organizations, covered by JSC "Uzneftegazinformatika" services

Competitive environment With increasing demand for the services on the main activities of JSC "Uzneftegazinformatika" in the region, there is a significant lack of human capacity in the field of industrial automation, on information and communication technologies and the application of software and information complex, which is why in the near future should not expect a significant increase in competition in the automation market provided by JSC "Uzneftegazinformatika". Basic tools of competition of JSC “Uzneftgasinformatika”: • • The effective tariff policy; The presence of a developed system of services rendered; The quality of services provided; Long-term reliable partnerships with large clients.

Financial results for the last 5 years (production and sales volumes, net income) in national currency Condition Monetary value of the volume of work performed Sales proceeds Actual manufacturing cost Expenses of the period Measur ement mln. UZS 2011 2012 2013 2014 2015 5 708, 94 8 223, 79 10 042, 89 14 075, 91 16 820, 96 3 924, 68 5 835, 18 6 443, 0 9 228, 05 10 495 1 404, 21 1 812, 54 2 968, 54 3 826, 96 5 719, 6 128, 41 173, 29 223, 32 289, 89 343, 28 1 275, 80 1 639, 25 2 745, 22 3 537, 06 5 376, 32 Including: - Management expenses - Other operating expenses mln. UZS

Financial results for the last 5 years (continued) Other income mln. UZS 6, 17 1, 35 6, 52 29, 04 3, 34 Total expenses mln. UZS 5 327, 38 7 647, 72 9 411, 54 13 055, 01 16 214, 6 The financial result (profit / loss) mln. UZS 388, 1 579, 49 640, 38 1 053, 13 613, 24 Tax on profits mln. UZS 74, 26 93, 95 115, 3 73, 48 Other taxes and fees on earnings mln. UZS 22, 51 40, 42 43, 71 75, 03 43, 18 Net profit (*) mln. UZS 258, 84 464, 81 502, 72 862, 81 496, 58 106, 75

(*) Note to the table of financial performance Benefits to pay taxes to a foreign investor income will lead to an increase in net income: Shares acquired by a foreign investor The increase in net profit 15% 16% 33% 35, 5%

Financial results for the last 5 years (production and sales volumes, net profit) in US dollars (at the exchange rate of the Central Bank of the Republic of Uzbekistan on 04. 02. 2016 g. , $ 1 = 2 836. 87 UZS ) Condition Measur ement 2011 2012 2013 2014 2015 Monetary value of the volume of work performed th. USD 2 012, 41 2 898, 90 3 540, 13 4 961, 77 5 929, 41 Sales proceeds th. USD 2 012, 41 2 898, 90 3 540, 13 4 961, 77 5 929, 41 Actual manufacturing cost th. USD 1 383, 45 2 056, 91 2 271, 17 3 252, 90 3 699, 50 Expenses of the period th. USD 494, 99 638, 92 1 046, 41 1 349, 01 2 016, 17 - Management expenses th. USD 45, 26 61, 08 78, 72 102, 19 121, 01 - Other operating expenses th. USD 449, 72 577, 84 967, 69 1 246, 82 1 895, 16 Including:

Financial results for the last 5 years (continued) Other income th. USD Total expenses 2, 17 0, 48 2, 30 10, 24 1, 18 th. USD 1 877, 91 2 695, 83 3 317, 58 4 601, 91 5 715, 67 he financial result (profit / loss) th. USD 136, 81 204, 27 225, 73 371, 23 216, 17 Tax on profits th. USD 37, 63 26, 18 33, 12 40, 64 25, 90 Other taxes and fees on earnings th. USD 7, 93 14, 25 15, 41 26, 45 15, 22 Net profit (*) th. USD 91, 24 163, 85 177, 21 304, 14 175, 05

Shares for investors The amount of shares offered to investor- 15% of the statutory fund. The volume of shares, subject to the implementation by foreign investors is 110 000 units and can be increased through the implementation of existing shares from shareholders. The nominal value of the planned implementation of a stake is 110 mln. UZS (38, 78 thousand USD at the rate of the Central Bank of the Republic of Uzbekistan on 04. 02. 2016). The market value of shares sold will be determined by the Supervisory Board of JSC in the prescribed manner. Payment for additional shares must be made by the investor till 25. 06. 2016.

Shares for investors (Continued) According to the Law of Uzbekistan "On foreign investments", foreign investors may invest in the territory of the Republic of Uzbekistan: • Funds (money, financial assets) • property • by investing intellectual property rights, including rights, modern specialized software, trademarks, trade names and know-how that have monetary value and which is necessary for the production activity of JSC "Uzneftegazinformatika”.

The potential benefits for the investor 1. Dividends There at least two ways to use the accrued dividends: 1. Conversion of dividends and then transfer them to a foreign partner. 2. Using dividends accrued in the national currency of the Republic of Uzbekistan (sum, UZS) for purchasing products with a strategy of further exports (agricultural products, plastic granules, plastic products (pipes of various types) and other liquid products). Resolution of the President of the Republic of Uzbekistan dated December 21, 2015 № RP-2454 states that foreign investors' dividend incomes from shares, held by them in Uzbek joint stock companies, released from taxation till January 1, 2020.

2. Participation in the planned investment projects "Implementation of an integrated information (ERP) system for the computerization of production and economic activities of National Holding Company " Uzbekneftegaz ". • Implementation of ERP-system in 45 large enterprises of "Uzbekneftegaz". • Pre-implementation period is 2016 -2018 project. • The total project cost is $89. 8 million. • The scope of services of JSC "Uzneftegazinformatika" project (2016 -2018) could reach $352. 5 thousand* annually • The amount of maintenance works after the project can be up to $ 1 057. 5 thousand each year. *The rate of the Central Bank of the Republic of Uzbekistan on 02. 04. 2016

Participation in planned investment projects (continued) Implementation of operational accounting and production process monitoring in the fields: treatment, storage, transportation, processing and shipment; in the enterprises of NHC "Uzbekneftgaz". • Implementation period is 2016 -2019. • The total project cost is $37. 4 million. * • The estimated cost of commissioning work on the project is $ 5. 7 million. *annually • The amount of maintenance work after the project can be up to $ 1 057. 5 thousand each year. *The rate of the Central Bank of the Republic of Uzbekistan on 02. 04. 2016

Participation in planned investment projects (continued) Implementation of GPS monitoring system on vehicles and special machinery units of NHC "Uzbekneftegaz " • Implementation period of the project is 2016 -2019. • The total project cost is $ 29. 2 million* • The estimated cost of commissioning works of GPS project is $ 4. 5 million *annually • Estimated cost of services after the implementation of the project could reach 564 thousand each year. *The rate of the Central Bank of the Republic of Uzbekistan on 02. 04. 2016

3. Joint implementation of current projects It is possible to implement the following options for cooperation: The functions of the foreign partner as a general contractor: § Supply required equipment § the execution of the commissioning § Provide supervision Functions of "Uzneftgazinformatika": § Works on the equipment level, § Commissioning works of the upper level, SCADA As practice shows, the availability of qualified local partners significantly reduces the cost of the project and, thus, increases the chances of victory for a foreign partner in tenders with JSC "Uzneftegazinformatika"

Contacts JSC "Uzneftegazinformatika" Administration: -Chairman of the Board: Hadzhihanov A. D. tel. 267 -68 -84 -Chief Accountant: Khan E. A. tel. (Fax) 267 -29 -17. Contact directly: -Head of Marketing Department of JSC "Uzneftegazinformatika“ Shukhrat Ismailov (English, Uzbek, Russian speaker) Tel. : + 998 -97 -740 -33 -37, + 998 -90 -174 -72 -22. -Chief specialist of corporate relations with shareholders Sizimova Ekaterina Nikolaevna (Russian speaker) Tel. : + 998 -97 -155 -18 -95, + 998 -71 -267 -28 -47 Postal and legal address: 100007, Republic of Uzbekistan, Tashkent, st. Mirzo Ulugbek, 32 a.