Sample presentation for purchasing of stock shares of

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Sample presentation for purchasing of stock shares of Joint-Stock Bank “TURON BANK” for strategic

Sample presentation for purchasing of stock shares of Joint-Stock Bank “TURON BANK” for strategic foreign investors

Realization of shares Joint-Stock Commercial Bank "TURON BANK“ foreign investors 63, 15% - state

Realization of shares Joint-Stock Commercial Bank "TURON BANK“ foreign investors 63, 15% - state share 29, 9 mln. US dollars

Reviews by International Institutions WORLD ECONOMIC FORUM ► Uzbekistan is in Top 5 Fastest

Reviews by International Institutions WORLD ECONOMIC FORUM ► Uzbekistan is in Top 5 Fastest Growing Economies in the World MOODY ’S C O R P O R A T I O N STANDARD & POOR’S Fitch. Ratings ► Uzbekistan's banking system outlook remains stable The Top 3 in the world for law enforcement & security -4 4 a. Abay str. Tashkent, Uzbekistan, 100011 Tel. : (+998 95) 144 -60 -00, Fax: (371) 244 -88 -65 www. turonbank. uz . World r * Justice Project GALLUP

Banking system of Uzbekistan has traditional two level banking system, headed by the Central

Banking system of Uzbekistan has traditional two level banking system, headed by the Central Bank of the Republic of Uzbekistan and commercial banks. Main functions and objectives of the Central Bank are defined in the Law on Central Bank, issued in December 1995. At present, the CB is fulfilling functions of central monetary -lending institution. . Urgench Samarkand Gulistan As of today, Uzbekistan's banking system has 26 commercial banks, which include 3 state banks, 11 jointstock commercial banks, 5 commercial banks with a share of foreign capital, and 7 private banks.

Macroeconomic Stability: Sustainable Banking and Financial System 35% 30% 25% 16000 14000 12000 25%

Macroeconomic Stability: Sustainable Banking and Financial System 35% 30% 25% 16000 14000 12000 25% 28% 31% 20% 15% 10% 5% 0% Credit portfolio of commercial Banks (min. USD) Average annual growth rates of main banking indicators during 2011 -2015 10000 8000 6000 4000 2000 Capital Assets Loans Domestic 0 sources Foreign debt 1189 (46%) 1378 (54%) 2000 2014

JOINT-STOCK COMMERCIAL BANK "TU RON BANK" Year of establishment: November 6, 1990. As of

JOINT-STOCK COMMERCIAL BANK "TU RON BANK" Year of establishment: November 6, 1990. As of Decemer 31, 2015 № SALES NETWORK Total 1 Branch Offices 17 2 Mini - Banks 27 3 Operational cash offices 61 4 Money Transfer Offices 28 5 Employees 1 076

SHAREHOLDERS OF THE BANK 7, 07% 8, 16% 1, 02% 1, 20% 1, 41%

SHAREHOLDERS OF THE BANK 7, 07% 8, 16% 1, 02% 1, 20% 1, 41% 1, 82% 3, 52% 4, 06% 4, 48% _ The state committee of the Republic of Uzbekistan ® for privatization, demonopolization and development of competition ■ LLC "ZIKOS INVEST" ■ JV LLC "RUGGED STEEL" | Specialised association "Uzsuvenergo” ■ LLC "PROSPERITY INVESTMENT" ■ LLC "PRIME INDUSTRIES GROUP" The state joint-stock insurance company «Uzagrosugurta» LLC"USUB" Other legal entities 63, 15% Individuals The state share in the amount of 63. 1% (29, 9 min. USD) in the authorized capital of the joint-stock commercial bank'Turonbank" offered to strategic foreign investors.

Key Financial Indicators of JSC Turonbank (in min. USD) December 31, 2014 December 31,

Key Financial Indicators of JSC Turonbank (in min. USD) December 31, 2014 December 31, 2015 Changes (%) Assets 243, 9 252, 4 3, 5 Capital 25, 5 32, 7 28, 2 Charter capital 20, 1 17, 8 -11* Loan portfolio 163, 9 154, 9 -5, 5* 7, 3 5, 7 -21, 9 Indicators Net profit * Exchange rate as of December 31, is 1 USD = 2 422, 40 UZS (2014), 1 USD = 2 809, 98 UZS (2015).

Key Financial Ratios of JSC Turonbank as of December 31, 2015 Market position (in

Key Financial Ratios of JSC Turonbank as of December 31, 2015 Market position (in 26 Banks) Minimum requirements of CB of UZB (%) Indicators ln% ROA 2, 3% ROE 32, 3% 4 - Liquidity Ratio 37% - 30 13, 9% - 10 Capital Adequacy Ratio 6 -

Loan Portfolio as of December 31, 2015 Loans and Leases by the Sectors of

Loan Portfolio as of December 31, 2015 Loans and Leases by the Sectors of the Economy Loans and leases by the types of clients 9, 5% ■ ■ ■ Small and medium enterprises Individuals Corporate clients Others ■ ■ ■ Housing and utility services Industry Agriculture Transport and communications Construction Trade and public catering Procurement and marketing ■ Other sectors

CLIENT BASE Small and medium enterprises; В Trade; В Agriculture; В Construction and Industry;

CLIENT BASE Small and medium enterprises; В Trade; В Agriculture; В Construction and Industry; В Others; 21, 0% _3, 5% 2200 0 2000 0 1800 0 1600 0 1400 0 1200 0 1000 □ Individual clients 0 8000 6000 4000 2000 0 2011 2012 2013 2014 2015 ■ Corporate clients

M A I N CORPORATE CLIENTS Specialised association «Uzsuvenergo» (Founded in 1995, subdivision of

M A I N CORPORATE CLIENTS Specialised association «Uzsuvenergo» (Founded in 1995, subdivision of Ministry of Agriculture and Water Resources of the Republic of Uzbekistan) JSC «Uzsuvloyiha» (organizing spend design and survey works in agriculture sector) LLC «UZGIP» (Project Institution) JSC «Ohangaron. Cement» (manufacturing of cement) JSC «Quvasoy. Cement» (manufacturing of cement) LLC «Tupalangsuv GES Kurilish» Unitary company «Rezaksoy Suv Qurilish» FC LLC «Nokia Solutions and Networks Tashkent» FC LLC «ZTE-INVESTMENT» (a globally-leading provider of telecommunications equipment and network solutions) JV LLC «Peng Sheng» (manufacturing tiles, mobile phones, shoes) FC LLC «Nature Cotton» (manufacturing of yarn) JV LLC «BL Lazeroptika» JV LLC «Elektron Xisoblagich»

The Bank has established correspondent relations with 75 Banks all over the world and

The Bank has established correspondent relations with 75 Banks all over the world and open correspondent accounts with such Banks as: • Bank of China (China) • Agriculture bank of China • Korea Exchange Bank (Korea) • JSC “Sberbank” (Savingsbank) (Russia) • JSC “VTB Bank” (Russia) • JSC “Russlavbank” (Russia) • JSC “Promsvyazbank” (Russia) • Asia-lnvestbank (Russia)

Advantages for "Strategic Investors" of acquisition of State shares of JSC Turonbank • Rights

Advantages for "Strategic Investors" of acquisition of State shares of JSC Turonbank • Rights to vote and control over the activity one of the stable growing bank in Uzbekistan (63, 15% shares). • Expanding business network one of the fast developing country in Central Asia with a population over 30 million and legal entities over 250 thousand. • Cooperation of “Strategic Investor” with I FI like IFC or ADB makes the bank the best not only in Uzbekistan but in Central Asia. • International Agreements for the Avoidance of Double Taxation has been signed with the Republic of Korea.

 • Liquidation of red tape in work of foreign investors and prevent illegal

• Liquidation of red tape in work of foreign investors and prevent illegal infringement of controlling and state bodies to activities of the enterprises with foreign investments (The Decree of the President of Uzbekistan #UP-4434, dd. 10. 04. 2012). • New privileges and incentives: V The decree has banned and said it is illegal to set additional requirements and limitations to the activities of foreign investors and enterprises with foreign capital by ministries and departments, state bodies in regions, law enforcement and controlling bodies; V The prosecutors entrusted to control over adherence of the state and controlling bodies of current laws on protecting rights and guarantees of foreign enterprises, companies with foreign investors and adopt measures to prevent violations by the state bodies;

The Cabinet of Ministers of the Republic of Uzbekistan was entrusted to provide access

The Cabinet of Ministers of the Republic of Uzbekistan was entrusted to provide access to foreign investors to economic information, including on the State budget and its execution, monetary-credit policy, indexes of foreign trade and other information, which are necessary to their investment activities; • Government Support; • Good conditions to earn maximum profit. • Until January 1, 2020 freed up from income tax, revenues of foreign investors earned in the form of dividends on shares held by them in joint stock companies. (The Decree of the President of Uzbekistan #UP-2454, dd 21. 12. 2015).

BUSINESS PARTNERS Turonbank is a member of the following associations, funds and international organizations:

BUSINESS PARTNERS Turonbank is a member of the following associations, funds and international organizations: • The Uzbekistan Banks Association; • Guarantee Fund of Deposits of the Population of the Republic of Uzbekistan; • The Republican Interbank Foreign Currency Exchange; • The Republican Stock Exchange “Tashkent”; • Trade and Industry Chamber of the RUz; • The International System of Electronic Payments “SWIFT” (Since 2004); • The International System of Payments Visa International (Since 2009); • The information-dealing system “THOMSON REUTERS” (Since 2007); • Systems of international money transfers and money transfer systems for the CIS countries VISA Money. Gram International Money Transfer WESTERNII INION I I i f : THOMSON REUTERS ^Золотая Корона

Rating Scores of JSC Turonbank 2011 I 2012 I 2013 I 2014 I 2015

Rating Scores of JSC Turonbank 2011 I 2012 I 2013 I 2014 I 2015 B-/C Stable STANDARD &POOR'S

PROGRESS WIDELY RECOGNIZED BY LEADING AGENCIES, INTERNATIONAL ORGANIZATIONS AND MEMBERSHIPS: The Golden Award for

PROGRESS WIDELY RECOGNIZED BY LEADING AGENCIES, INTERNATIONAL ORGANIZATIONS AND MEMBERSHIPS: The Golden Award for Quality & Business Prestige 2015 (Geneva) The Bank became the winner in "Best Mobile Banking 2014" award "Global Finance" The Bank became the winner in the "Bank of the Year 2013" award financial magazine The Banker (UK). Involved and implemented credit lines International Fund for Agricultural Development (IFAD). Involved credit lines of IDA, IBRD and grants of Global Ecological Fund (World Bank Group) (USA). OTHERWAYS* MANAGEMENTS CONSULTING The Thomson Reuters awarded Turonbank in nomination the mostrecognized active bank asis the best for 2013; Jilt. S • Щу THOMSON REUTERS Д IFAD INTERNATIONA L FUND FOR AGRICULTURAL DEVELOPMENT THE WORLD BANK