Project’s presentation

Saint-Petersburg, Pushkin District, Pulkovskoye,

2015

Investments in Russia• Russian Federation is the largest country on

earth, with the area of over 17000000 km².• Russia has the largest total reserves of

minerals and water.• The average population density is (according

to the 2010 census) about 8.36 person per square kilometer. 78% of Russians are living in the European part, which is less than 25% of the territory.

• The Federal Law "On foreign investments in the Russian Federation“ was adopted 1999. The law defines the basic rights of foreign investors in Russia and outlines the conditions of entrepreneurial activities of foreign investors.

• Regional executive authorities create their own patterns of work with investors, as well as adjust regional legislation. There are special regionals working with ivestors from other countries.

• The decrease of the rate of ruble has to do with sanctions of the European Union and the United States, which is pushing Russia to find partners in other regions such as South America and the Middle East.

Bahrain- Russia relationship

The King of Bahrain Shaikh Hamad bin Isa Al Khalifa and President of Russia Vladimir Putin

Bahraini - Russian relations are now at a very good level

The Governor Of St. Petersburg Georgy Poltavchenko and the Ambassador of the Kingdom of Bahrain in the Russian Federation Ahmed Abdulrahman Mahmoud Al-Saati.

Saint Petersburg is the second largest city in Russia.

It is politically incorporated as a federal subject (a federal city). It is located on the Neva River at the head of the Gulf of Finland on the Baltic Sea.

Saint Petersburg is inscribed on the UNESCO World Heritage list as an area with 36 historical architectural complexes and around 4000 outstanding individual monuments of architecture, history and culture. New tourist programs and sightseeing tours have been developed for those wishing to see Saint Petersburg's cultural heritage.

It is elusive and enigmatic, a truly unique city in Russia's history. For more than 200 years, it was the resplendent capital of the great Russian Empire, and remains the country's cultural and spiritual centre to this day.

About the project

The “Development center” group of companies is implementing a comprehensive development project “On the Hills of Tsarskoye Selo” on a territory in the Western part of the Pushkin district of Saint-Petersburg. The land plots on this territory are privately owned.The site planning projects have been approved by the government of Saint-Petersburg (Government Resolution of 07.06.2006 №711 and Government Resolution of 05.07.2007 №650). The project involves complex development of the territory with the total area of 316.1 hectares and includes the construction of multi-apartment residential blocks as well as shopping, leisure and other commercial objects with public infrastructures.According to the Master Plan of St. Petersburg and the Law of St.Petersburg “The Rules of Land usage and Construction of St. Petersburg City” the following functional zones and height restrictions have been set up:-the territory of 203.4 hectares is intended for low-rise construction with height restriction of 18 meters (up to 5 floors). The part of this land plot is meant for public and business zones;-the territory of 112,7 hectares is intended for medium-rise and high-rise construction with height restriction of 48 m with dominants up to 60 m. Part of this land plot, adjacent to the congress-exhibition center is allocated for development of business area.The land plots are privately owned.

VIDEO PRESENTATION

Description of the Project

Expoforum

Territory 203,4 ha

Territory 112,7 ha

Business area

Public and Business zoneFirst stage of Construction

Expoforum

The first stage of the project opened in 2014, and it includes three exhibition pavilions with total area of 40,000 sqm indoor exhibition space, a congress center, 2 hotels, a business center, customs, parking, and other relevant pieces of infrastructure. The remaining stages of construction will add more pavilions and increase the parking space.

From 2016 International Economic Forum (SPIEF) will be held here.

SPIEF is held annually under the auspices of Vladimir Putin, President of the Russian Federation and all the famous members of the business world come to St. Petersburg to take part in it.

Location

The territory of the project is situated in the Western part of the Pushkin district of St. Petersburg city, only 2 km away from the world famous museum complex “Tsarskoye selo”.The town of Pavlovsk, which is world-famous for its palace and picturesque landscape park, is located within 6 km from the project.For those who prefer more active rest, the facilities of ski resort “Tuutari Park” is of special interest. The park is located 20 km away and offers all varieties of winter and summer activities.In close proximity to the territory of the project “On the Hills of Tsarskoye Selo” modern congress-exhibition center “Expoforum”, the opening of which took place 2014, October the 4th, is located.The land plots border the Petersburg highway, which has convenient connection to Vitebsky prospects(0.5 km), Pulkovskoye and Kievskoye highways (3 km), Moskovskoye highway (7 km) and the Ring Road (6 km). These highways are served by both municipal and commercial transport going to the nearest metro stations “Moskovskaya” and “Kupchino”.

Transport accessibility

The territory of the project “On the Hills of Tsarskoye Selo” is situated within 7 km from the Ring road, the city main road junction.The passenger service is obtained by public and commercial transport from the nearest metro stations “Moskovskaya”, “Kupchino”, “Zvezdnaya”.In order to create the street and road network Kokkolevskaya ( 4 traffic lines), Perevedenskaya (2 traffic lines) and Obrazstovaya (2 lines) streets have been built. The construction of inner passages with engineering supply for 2 and 3 stages of the project is under realization.The Master Plan of the Project includes the construction of railway station on the 19th km of Warsaw line of Oktyabrskaya Railway, which will significantly improve transport situation.According to the transport network development plan of Saint-Petersburg the construction of Uzhnaya street, which will connect the territory of the project with Kievskoye, Volhonskoye an Moskovskoye highways, is being implemented.Saint-Petersburg’s airport “Pulkovo” is located within 7 km from the territory of the project.

Engineering supplyThe schemes of engineering supply of the territory of the project have been developed and approved by Designs of the territory (Decree 0f Saint-Petersburg’s Government №№711 dated 07.06.06 and Decree №650 dated 05.06.2007).Power supply of the project is planned from the substation “DK Port” 110/20.For heating supply, local sources of natural gas will be used. Gas supply is planned from gas distributing stations “Shosseynaya” and “Shosseynaya-2”.Water supply is planned from main water pipe networks via connecting to existing city water pipes with diameters 1400 and 1000 mm.Sewage disposal of the first stage of the construction is planned on Saint-Petersburg Central aeration station via existing system of sewage disposal.

Following the implementation of the project cutting over of the sewage disposal will be carried out in sewage pumping station №6 of the town of Pushkin via effluent discharge outlet collector. The connection points to the engineering networks of the future objects of capital construction are located at the border of each land plot of the project.

Project development stageThe site planning projects have been approved by the government of Saint-Petersburg (Government Resolution of 07.06.2006 №711 and Government Resolution of 05.07.2007 №650). All the urban planning documentation is developed and approved.The town planning works for the land plots for the first stage of construction have been drawn up. The project is being developed step-by-step.The design of water supply mains, water disposal, roads, and exterior lighting systems for the first stage of construction of 203.4 hectares has been executed and positive conclusion certificate of Saint-Petersburg State Autonomous Institution “The Center of State Expertise” has been obtained. On the basis of this design the State Construction Supervision department opened the building license in October 2010.The building of the part of the transportation area with the utilities supplying the First stage of the construction has been completed.For the purposes of the development of the territory of the project two new substations financed from the budget were constructed and became operational in September , 2014: “DK Port” 110/20 and “Pulkovskaya” 330/110. At present PLC “ Saint-Petersburg electric networks” is implementing the construction of cable links 20 kV and 14 electric transformer substations, supplying the first stage of the construction 204,3 he.According to the “Scheme of heating supply of St.Petersburg” the territory of the project is intended to be a zone of decentralized heating supply. As specified in town planning works local gas heating sources are to be located on the territory of the project.Considering the implemented volume of the land use engineering works on the territory of the first stage of construction 203,4 he, connection points to the engineering networks of the future objects of capital construction are located at the border of each land plot of the project in the zone of constructed street and passes.

Work completion

Fulfilled construction works have let actively develop the first stage of the construction 204.3 he:-Office building “Perspectiva” with total area 9506 sq.m adjacent to Petersburg highway is completed-Construction of 4 residential complexes on land plots 432, 433, 434, 441 is under work. The completion of the construction of 441 is planned in the third quarter of 2016; 433,434- in December-June 2015-2016. The construction of the residential complex on land plot 437 has started.-Working design project of residential complex (the second stage of construction)on land plot 569 is fulfilled and construction permit is obtained.-Design documentation for the kindergarten on land plot 569 is completed and construction permit is obtained.-Design documentation for 4 and 5 stages of construction of residential complexes on land plot 569 is completed and is being checked in the Expertise-Construction permit for the station of technical service on land plot 569 is obtained.-Design documentation for residential complex on land plot 442 is under work.-Design documentation for residential complex on land plot 572 is fulfilled and positive expertise conclusion is obtained. The construction permit is obtained.

Perspectives of the development of the project• The idea of comfortable living in modern,

environmentally friendly clean and safe city area is being implemented in the project.

• According to the plans of further development of the project in 2016 the construction of new streets (Obraztovaya and Saritskaya) and sewage collector from the territory of the project to sewage pumping station 6 is scheduled.

• Construction of the secondary school with the capacity of 550 pupils is under realization. The project owner is Construction Committee of Saint-Petersburg.

• The project involves the development of commercial, social and cultural facilities. Public and business zoning is allocated along Peterburgskoye highway intended for the development of business centers, leisure and shopping malls, supermarkets which are targeted to residents of the district under construction as well as guests and tourists visiting the town of Pushkin.

•Taking into account the setting into operation of modern congress-exhibition center “Expoforum, situated on the land plot near by, reconstruction works of street and road networks have been started. At present Peterburgskoye highway is being widen from 2 up to 4 traffic lines and the construction of overhead road through the Warsaw line of Oktyabrskaya Railway is under work. These works are planned to be fulfilled in 2016.

Cooperation

• Nowadays the project “On the Hills of Tsarskoye Selo” is considered to be the unique development project due to the degree of completion in Saint-Petersburg and its surroundings.

• There aren’t any additional financial expenses on social and engineering infrastructure.

• The territory of the project is adjacent to the town of Pushkin, in which the stable demand at the real estate market is being noticed.

• The project involves the development of two business public–commercial zones with a total area of 26 and 31 hectares accordingly. They will include retail, leisure and business complexes, hotels, restaurants, conference halls, spa zones and recreation areas for families.

• The land plots are privately owned, that gives more opportunities in cooperation with the owner and developers.

Participation in the project “On the Hills of Tsarskoye

Selo” Purchasing land plots In contractual matters concerning

the purchase and sale agreements of land plots with fulfilled design works, the latter will be fully handed to the purchaser without any additional payment. The purchaser is able to obtain the construction permit or develop a completely new design project of the land plots accordingly the site design of the whole territory of the project.

Participating as a partner in realization of the project “On the Hills of Tsarskoye Selo” by acquiring voting shares of the Company – the owner of the Project

Providing long-term financing support to the project- making loan commitments

About meGarib Karim Salmanovich

For more than 5 years I have been working as a specialist at NP SRO OPSR (the organization issuing the certificate for construction work). I have a lot of experience in building and I know all the underwater rocks and the unspoken rules of the game in the Russian business.

I am open to mutually advantageous cooperation.

E-mail karim.garib@gmail.comPhone +7 812 7406833