1. THE EMERGING BIOBASED ECONOMY A Vision from Industry Liekel Faber Genencor International Ltd

2. 2 Agenda -Genencor’s Vision -Genencor’s role as key player in Industrial Biotech -Genencor in Russia – personal experience - why Russia - state-private partnership - investment climate

3. 3 Genencor Division at a glance - History traced to 1982 - >$400 Million in Total Revenues during 2004 - 8 Bioproducts manufacturing sites - As of 12/31/04 an IP portfolio included 484 US issued patents and 855 US pending patent applications -Approximately 1200 Employees Worldwide Develops and produces enzymes for industrial applications

4. 4 Genencor has a role to play in Industrial Biotech! Genencor’s Products In Everyday Life: Innovation for Many Industries:  Cleaning  Textiles  Starch Processing, Fuel Ethanol  Food & Animal Feed Expanding the boundaries of biotechnology  Decontaminating chemical & biological weapons  Decontaminating prions that cause “mad cow” disease Catalyst of the Biobased Economy™  Biochemicals  Bioenergy  Biomaterials Delivering on the Promise of Biotechnology for Over two Decades!

5. 5 $693 MM $912 MM $253 MM $1,351 MM Genencor & Danisco = New Opportunities

6. 6 Chemicals Polymers Specialties Glucose Mixed Sugars Sucrose Sugar Cane Beet Starch Grains Lignocellulose Co-Products BioRefinery Upgraded Co-Products Enzymes Fuels Cell Factory Genencor’s Biorefinery

7. 7 Biomass conversion is the Key to the Vision Needed: non-food parts of food crops (wheat straw, wood chips, recycled paper, corn stalks, etc.) and dedicated energy crops requiring low in-puts (switchgrass) Genencor’s role: with a US DOE’s NREL Contract to substantially reduce cost of enzyme production - 30-fold cost improvement achieved

8. 8 Genencor and Russia Why are we active in Russia? - Special project -Market approach

9. 9 Genencor and Russia Investment climate in Russia. - potential and resources - agriculture - bio-refineries / bio-economy

10. 10 Genencor and Russia Private sector and the State – a partnership? - State’s role - Creation

11. 11 Genencor’s broad vision  We envision a future where biotechnology fulfills many unmet needs..  In development and deployment of industrial enzymes  In the production of fuels, chemicals & materials  We envision a future where biotechnology helps create sustainable industrial activities  We envision a future where biorefineries take their place alongside oil refineries

12. 12 Genencor and Russia  Thank you for your attention  And we wish you a successful continuation of this interesting East- West dialogue