1. THE NATIONAL BANK FOR FOREIGN ECONOMIC ACTIVITY OF THE REPUBLIC OF UZBEKISTAN: INVESTMENT PROJECT FINANCING Speaker: Nodir Matyakubov Head of Department Centre for Project Finance National Bank of Uzbekistan

2. BRIEF INFORMATION ON NATIONAL BANK OF UZBEKISTAN Subsidiary bank in Moscow – “Asia Invest Bank” NBU is among the world’s 1000 biggest banks according to “The Banker” magazine Main activity directions: project financing, corporate & retail banking, investment activity Retail and corporate clients: over 2,7 mln. In Uzbekistan: 90 branches and 110 mini-banks Wide correspondent network: over 660 correspondent banks in 75 countries

3. RATINGS BY INTERNATIONAL RATING AGENCIES INTERNATIONAL RATING AGENCIES “B1/B2” “STABLE” OUTLOOK “STABLE” OUTLOOK“B+”

4. Figure2011 2012 (NAT. STANDARTS) UZSUSDUZSUSD Assets 7.8 trl4.3 bln9.45 trl4.76 bln Capital 771.5 bln429.8 mln1,062.6 bln 536.0 mln Credit portfolio 4.7 trl2.6 bln5.3 trl2.7 bln Net profit 67.5 bln37.6 mln36.3 bln18.3 mln Long-term loans’ share of credit portfolio 89%91% NBU: MAIN FIGURES

5. PROJECT FINANCING IN UZBEKISTAN: ROLE OF NBU Main task and aim: To be a financial institute of the international level that is able to attract foreign investments and advanced technologies to Uzbekistan for fundamental renovation and deep structural transformation of the economy. Fulfillment: NBU is an active participant of investment processes, that both actively attracts foreign investment and acts as initiator of investment projects and active investor itself. Result: NBU is the largest investment bank in Uzbekistan.

6. (UP FROM 1991 TILL 2012) 217 projects totaling USD 6.91 bln. (AS OF JANUARY 1, 2013) 122 investment projects Projects’ total value - equivalent of USD 4.8 bln. 159 long-term bank loans Loans’ total amount – equivalent of USD 2.1 bln. PROJECT FINANCING: MAJOR FIGURES

7. EPC contracts Equipment procurement (incl. assembly, setting and maintenance staff training) New construction and reconstruction of manufacturing facilities PROJECT FINANCING: FINANCED OBJECTS

8. PROJECT FINANCING: SECTORS OF ECONOMY FUEL & ENERGY CHEMICAL INDUSTRY MINING CAR MANUFACTURING TRANSPORTION AGRICULTURE OTHERS TELECOMMUNICATION

9. IDB - 30 mln. USD ICD (Islamic Corporation) – 15 mln.USD ADB - 120 mln. USD CDB – 155 mln. USD Eximbank Korea – 60 mln. USD IFC - 15 mln. USD KfW - 15 mln. USD Landesbank Berlin AG - unlimited Credit lines extended in favor of NBU from foreign banks and IFI PROJECT FINANCING: CREDIT FACILITIES

10. PROJECT FINANCING: CREDIT FACILITIES INTERNAL SOURCES FOND FOR RECONSTRUCTION AND DEVELOPMENT NBU’S OWN ASSETS

11. Tashkent, Navoi and Talimardjan thermal power-stations’ expansion Ustyurt Gas Chemical Complex’s construction at the Surgil field Muborek gas-processing plant’s expansion Mining equipment procurement to Navoi Mining and Metallurgy Industrial Complex 2 high-speed “Talgo” passenger electric trains procurement to SJSRC “O’zbekiston Temir Yo’llari” (Uzbekistan Railways) A number of land-melioration projects. PROJECT FINANCING: SAMPLE LARGE-SCALE PROJECTS

12. - 5 «Boeing-767-300ER» - 2 «Boeing-757-200» - 3 «Airbus А-310» - 4 «IL-114-100» - 6 «Airbus А-320-200» - Reconstruction of international airports in Tashkent and Navoi - GM Uzbekistan’s plants for production of components and spare parts for the automobiles PROJECT FINANCING: SAMPLE LARGE-SCALE PROJECTS

13. THANK YOU FOR ATTENTION!