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Moscow, 2011 The Fine Art of Construction2MISSION OF VIS CONSTRUCTION GROUP

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We carry out unique projects in Russia and abroad, building facilities that promote economic growth and improving peoples quality of life.

WE RELY ON advanced technologies effective management the experience and talent of our employees.3VIS CONSTRICTION GROUP TODAY

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at construction market since 2000 general contractor of major investment projects in industrial, oil, gas and energy facilities construction / contractor 27 large-scale sites in 12 Russian regions and abroad 12 representative offices nearly 2, 000 employees revenue for 2010 - 18 billion rubles

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4OUR RESOURSES An extensive network of production facilities, including asphalt-concrete and concrete mixing plants, production plants, over 1,000 motor vehicles, road building and production machinery.

Design assets and close relationships with leading Russian and foreign design and engineering institutes.

Certificate GOST R ISO 9001-2008 in regard to execution of construction, installation and pre-commissioning works.

Permission certificate for the arrangement of works upon design documentation development and construction and installation works affecting the safety of capital construction objects.

Team of qualified managers, experienced engineers and skilled workers.

5ROBUST BUSINESS GROWTH

5ASSETS, billions of rubles

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6REVENUE, billions of rubles

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7NET PROFIT, millions of rubles

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8REALIZED PROJECTS, quantity

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9VIS CONSTRUCTION GROUP KEY STRENGTHS Stable financial standing, use of company's own funds in order to ensure an uninterrupted construction process.

Strict commitment to the obligations to our customers, delivery of constructed facilities on or before deadlines.

Deep integration into the global engineering system, joint implementation of projects together with world market leaders.

Opportunities to reduce project costs by taking advantage of competitive tariffs and preferential prices for supplied materials and equipment, as well as by harnessing capacity flexibility.

Cooperation with the top-name Russian and foreign banks, excellent credit history, which provides us with the possibility to secure significant loan facilities.10

10 OUR PROJECTS: INDUSTRIAL CONSTRUCTION CONSTRUCTION AND COMMISSIONING OF THE NOVY URENGOY GAS AND CHEMICAL COMPLEX (NUGCC)

The nameplate capacity of NUGCC is up to 400 thousand tons of low-density polyethylene, but it also has the capacity to increase annual production up to 1.2 million tons. Additionally, the plant can produce up to 420 thousand tons of wide-fraction hydro carbons and up to 1.48 billion cubic metres of methane particles annually.

To supply the production facility with electric and thermal power, a 120 MW gas turbine power plant (GTPP) is being built on the grounds of the complex

Location: Yamalo-Nenetsky Autonomous RegionProject timeline: 2008 - 2012

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11RECONSTRUCTION OF HELIUM PLANT FACILITIES OF GAZPROM DOBYCHA ORENBURG LLCThe helium plant of Gazprom Dobycha Orenburg LLC is a complex gas enterprise, which extracts and processes natural gas.

The plant carries out gas decontamination from mercaptan sulphur simultaneously with gas dehydration, further processing the gas to produce helium, ethane fraction and liquefied hydrocarbon gases.

Following a severe accident in 2004, the plant wasreconstructed and modernized in only 18 months.

In 2009 VIS CG began construction work on the IV pilot complex, which consists of a central plant laboratory and a general administrative wing.

Location: OrenburgProject timeline: 2004 - 2010

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RECONSTRUCTION OF THE ORENBURG GAS PROCESSING PLANT (OGPP)VIS CG was the General Contractor of the project of reconstructing a number of technical facilities.The project also envisages the technical overhaulof stage III of the Plant for the purposeof consumption of gas extracted from the Karachaganak oil and gas condensate field.

The main products of OGPP are: purified gas(hydrogen sulfide and mercaptan removed),mercaptan gas, stable condensate, ethanefraction, liquefied hydrocarbon gases, sulphur,odorants, pentane-hexane fraction.

Location: Orenburg RegionProject timeline: 2004 - 2010

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13CONSTRUCTION OF THE EMERGENCY RESTORATION TRAIN DEPOTS OFGAS TRANSMISSION PIPELINES FOR GAZPROM TRANSGAZ MOSCOW

VIS CG carries out the construction and commissioning of the emergency restoration train depots of three gas transmission pipeline administrations of Gazprom Transgaz Moscow LLC.Emergency restoration trains are special facilities manned by highly-skilled personnel and fitted out with special - road-building, lifting and welding -equipment. They also include a production testing laboratory, which conducts nondestructive testing of butt welds in the course of carrying out welding operations.

Location: Voronezh, Tambov, and Moscow RegionsProject timeline: 2010 - 2012

14 OUR PROJECTS: ENERGY FACILITIES CONSTRUCTION

MODERNIZATION OF RYAZAN STATE REGIONAL POWER STATION (GRES)

The project of constructing a 110 MW gasturbine block above the existing 310 MW powerblock was aimed to improve the technical and economic efficiency of the facilities by implementing modern gas turbine technology.

VIS CG has carried out general and preparatoryconstruction work, built chief and auxiliarystructures, assembled metal works, cranemechanisms, as well as engineering and safetysystems.

In June 2010, following the completionof all contracted work and successful trial runs,the power station was put into operation.

Location: Ryazan RegionProject timeline: 2008 - 2010

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15Modernization of Energy Block No. 6 using PGU800 steam and gas installation envisages usage of two gas turbines (approximate capacity of 260 - 280 MW) and upgrading the existing 240 MW steam turbine.

MODERNIZATION OF KIRISHI STATE REGIONAL POWER STATION (GRES)

The GTU SGT 54000 F is a state of the art gas turbine. This is a one of a kind project in the Russian energy sector, as this modern solution has not beenemployed elsewhere in the country yet.

Presently, the established capacity of EnergyBlock No. 6 is 300 MW. The block will be directly connected to the cycle of the steam gas plant, as a result of which its capacity will increase to 800 MW.

Location: Leningrad RegionProject timeline: 2008 - 2011

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16CONSRTUCTION OF POWER GENERATING UNIT NO. 9 OF THE NOVOCHERKASSK GRES POWER PLANTThe project is implemented in accordance with the investment strategy of OGK-6 (Sixth Generating Company of the Wholesale Electric Power Market OJSC) for 2006-2010.

330 MW coal-fired power generating unit No. 9 is unique in that its boiler plant will, for the first time in Russia, use the circulating fluidized bed (CFB) technology. This technology will make it possible to meet the high requirements of the European standards for harmful substance emissions.

Under the agreement VIS CG is performing as general contractor including carrying out the full range of building and installation works, and commissioning.

Location: Rostov RegionProject timeline: 2010 2014

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17RECONSTRUCTION OF A 400 KW PACKAGE TRANSFORMER SUBSTATION IN SLOVAKIAThe project provides for expanding and upgrading the substation in order to adapt it to the conditions of the transmission grid after the final shutdown of units 1 and 2 of the Bohunice Nuclear Power Plant and includes design, installation, start-up, and commissioning of the facility.

German concern Siemens AG is the principal supplier of equipment for the project.The project is being implemented with the financial participation of the European Bank for Reconstruction and Development (EBRD).

Location: Lemesany (Slovakia)Project timeline: 2010 2011

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18 OUR PROJECTS: CIVIL CONSTRUCTION THE COMPEX OF BUILDINGS FOR GAZPROM DOBYCHA ORENBURG LLC

The complex includes office building, industrial medicine clinic, Culture and Sport Center Gazovik, underground parking, canteen, diesel-powered and transformation substations, and a leisure zone with parks and walkways.The office building is the tallest in Orenburg (78 metres,18 storeys) erected in compliance with advanced construction and architectural standards: the building's facades were constructed in using exclusive double glazing technology in combination with natural stone cladding.

Location: OrenburgProject timeline: 2006 - 2010

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19The administrative and residential complexconsists of two blocks: a five-storey block withan atrium and a two-storey block. The blocksare linked by a two-storey junction with a walkway.

The complex includes a hotel with a fitnesscenter, sauna and swimming pool, underground parking, assembly hall, first aid room with a dentist's office, and an automatic telephone station for 1,000 telephone numbers. OFFICE BUILDING FOR GAZPROM DOBYCHA NOYABRSK LLC

The complex was designed to create 250 workplaces.

The construction is being carried out under the adverse climate conditions of the far north.

Location: NoyabrskProject timeline: 2008 - 2011

20The project was initiated in recognition of Astrakhan's 450th anniversary.

The Volga embankment was significantly widened and divided into ceremony square near the Wedding Palace and a promenade and leisure zone of 1.5 kilometres.

New landscape design was implemented and new fountains and statues were installed. The embankment was faced with pink granite.

Location: AstrakhanProject timeline: 2006 - 2010

VOLGA AND KUTUM RIVERSIDE PROTECTION AND IMPROVEMENT

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21The project was timed to coincide with the 1000th anniversary of founding the city of Yaroslavl and provided for improving the grounds and planting greenery at Yaroslavls Spit, the grounds around the Cathedral of the Dormition and a segment of the embankment of the Kotorosl River.In the process of the reconstruction, the broad promenade walkway was widened by 6 to 8 metres. The grounds were paved with granite, tree and shrub compositions were planted, a vertical garden was built, decorative and functional lighting was installed on the grounds, bank protection work was carried out, the walking path was paved, pedestrian railings were provided, the parapets were faced with granite, and a storm water drainage system was installed.The President of Russia Dmitry Medvedev visited the renovated embankment. It has turned out very nice, very beautiful indeed, the President noted.IMPROVEMENT OF THE VOLGA AND KOTOROSL RIVERSIDE IN YAROSLAVLLocation: YaroslavlProject timeline: I - III quarters of 2010

22There is nothing like this advanced one of a kind lighting system in all of Russia. It features five subsystems, which can work independently of each other, but also in unison. A complex and unique control system has been developed, with over 80 channels which allow it to run tens of lighting scenarios to either light up the tower in a static or dynamic manner.

The most state of the art technology wasARCHITECTURAL AND ARTISTIC LIGHTING OF THE ASTRAKHAN TELEVISION TOWER

used in this project, including color-diode energy efficient bulbs. The equipment is fully weatherproof and protected from any atmospheric effects.

The project was commissioned for the 450th anniversary of Astrakhan.

Location: AstrakhanProject timeline: I - II quarters of 201023

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The project envisages dividing the health centerinto several zones: an administrative zone, a sports zone, and two zones for accommodating primary and high school age children. The project also includes construction of a multipurpose sports and entertainment center with a cinema, covered sports complex, canteen, library, and an internet club.

The health center also is to feature a summertheater, open air and roofed swimming pools,and sports fields. The complex will also includeareas designed for dancing, bonfire, and fountains.

The General Plan also includes constructionof the administrative building and housing for service staff, as well as landscaping and site finishing.

Location: AstrakhanProject timeline: 2009 - 2011RECONSTRUCTION OF THE A. PUSHKIN CHILDREN'S HEALTH CENTER

24In February 2011, based on the results of an open auction, VIS Construction Group and the Public Institution Directorate for Capital Construction and Investments of the Yamalo-Nenetsky Autonomous Region signed contracts for carrying out planning/surveying and construction/installation work for a number of the YANAOs projects. Among them are: Office building to house the executive bodies of state power of the Yamalo-Nenetsky Autonomous Region (Salekhard) Riverside station complex (Salekhard) Multifunctional sports complex (Salekhard) Regional center for AIDS and infectious disease prevention and control (Noyabrsk) Ice sports palace (Nadym) School of arts (Gubkinsky) Multifunctional terminal (Novy Urengoy) Sadko Social Rehabilitation Center for Minors (Novy Urengoy) Boarding school in the settlement of Tazovsky, dormitory building for 260 beds Kindergarden for 210 children (Salekhard) House of Life (civil registry office) in Novy Urengoy.25

25OUR BUSINESS PARTNERSGazprom Dobycha Orenburg LLC

Gazprom Dobycha Noyabrsk LLC

Gazprom Dobycha Astrakhan LLC

Gazprom Invest Yug CJSC

CUSTOMERS:

Sixth Generating Company of the Wholesale Electric Power Market OJSC

Novy Urengoy Gas and Chemical Complex LLC

Administration of the Khanty-Mansiyskiy Autonomous Region

Administration of the Yamalo-Nenetskiy Autonomous Region

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26FINANCIAL INSTITUTIONS:

Sberbank of Russia OJSC

VTB Bank OJSC

Gazprombank OJSC

Bank Rossia OJSC

Sevzapinvestprombank OJSC

Bank Otkrytie OJSC

RESO-Garantia OJSC

SOGAZ Insurance Group

VSK Insurance House

27Siemens AG, GermanyGeneral Electric Company, USASchneider Electric, FranceHolter Regelarmaturen GmbH&Co.KG, GermanyThe Linde Group, GermanyMaire Tecnimont S.p.A., ItalyCameron International Corporation, USAKSB AG, GermanyKlaus Union GmbH&Co.KG, GermanySojitz Corporation, Japan

SUPPLIERS:VIS CONSTRUCTION GROUP56 Profsoyuznaya St.Cherry Tower Business Center 117393, Moscow, Russiatel.: +7 (495) 789-85-55 fax: +7 (495) 789-85-56e-mail: info@pfvis-msk.ruwww.pfvis.ru

28OUR CONTACTS