Sustainable Development: Strategic Focus and Practical Results ADFIAP November Основные принципы деятельности Внешэкономбанк 1

Vnesheconombank / / VEB Profile VEB is a driving force to ensure economic development and private investments in Russia ADFIAP, Nov14 Sustainable Development: Strategic Focus and Practical Results 2  Lending to top priority industries which are of strategic importance in Russia  Support for national infrastructure projects  Subordinated loans to Russian banks  SME support program  Attracting direct investments via co-investment mechanisms through equity funds  Export credit finance, insurance and guarantees (heavy machinery, high tech, equipment, etc.)  Co-operation agreements with all major export credit agencies and export-import banks  First Russian ECA established – VEB subsidiary with RUB 30bn in charter capital. All liabilities of the company guaranteed by the State  Government debt management  Government financial asset management  Pension fund management with dominant market share in Russia  Support of the Russian economy during Investment and Development Export Support Agent of the State

Vnesheconombank / / VEB: Time-proven Agent of Russian State Over 90 years of fruitful history in the Russian financial market Russian Commercial Bank (renamed as Vneshtorgbank of the USSR) was the only bank entrusted with servicing export-import transactions and foreign currency transactions VEB solely responsible for the “London Club” and “Paris Club” restructuring processes VEB appointed as the agent for managing the Russian State Pension Fund assets In June 2007 VEB became a state bank for development. Internal procedures and mandate based on KfW model Loan portfolio at that time was US$9.3bn VEB acted as an agent of the Russian Government to provide anti-crisis support to the Russian economy Anti-crisis measures completed, focus shifting back to development functions. Large pipeline of investment projects with focus on sustainable development reaching almost US$32bn First Russian export credit agency (EXIAR) and Russian Direct Investment Fund established (100% VEB subsidiaries) VEB is focused on expanding of development portfolio ADFIAP, Nov14 Sustainable Development: Strategic Focus and Practical Results

Vnesheconombank / / VEB Contribution to Sustainable Development Sustainable Development: Strategic Focus and Practical Results 4 VEB is focused on sustainable development and maximization of environmental, social-economic & innovation effect in project implementation PROJECTS FINANCING APPROVED FOR $116 bn $70 bn $46 bn TOTAL PROJECTS VALUE VEB PARTICIPATION EXPECTED BUDGET EFFICIENCY NUMBER OF PROJECTS VEB PARTICIPATION EXPECTED BUDGET EFFICIENCY TOTAL PROJECTS VALUE VEB PARTICIPATION PROJECTS 2013: FINANCING APPROVED FOR NEW WORKPLACES NEW WORKPLACES $13 bn $8 bn $9 bn $24 bn $8 Innovative projects Energy efficiency Rational use of natural resources Environmental protection Olympic projects ADFIAP, Nov14

Vnesheconombank / / Corporate & Social Responsibility Sustainable Development: Strategic Focus and Practical Results 5 VEB has a unique strategic opportunity to carry principles of corporate & social responsibility into business masses VNESHECONOMBANK – NATIONAL DEVELOPMENT BANK MAIN PRINCIPLES IN CORPORATE & SOCIAL RESPONSIBILITY SOCIAL RESPONSIBILITY December 2011: VEB joined United Nations Global Compact DISCLOSURE & TRANSPARENCY SOCIAL RESPONSIBILITY PRIORITY - SOCIAL & ECOLOGICAL PROJECTS COMPLIENCE TO IFOs BEST PRACTICES INCREASING EFFICIENCY OF VEB SOCIAL & ECOLOGICAL ACTIVITY & BUSINESS ETHICS INCREASING CORPORATE & SOCIAL RESPONSIBILITY OF RUSSIAN COMPANIES & VEB GROUP VEB & PARTNERS: CONFIDENCE ENHANCEMENT ADFIAP, Nov14

Vnesheconombank / / Clubs & Association Sustainable Development: Strategic Focus and Practical Results 6 VEB actively participates in various unions of development institutions WFDFI EOSD ADFIAP, Nov14 SCO IBC

Vnesheconombank / / IDFC Profile  The International Development Finance Club (IDFC) is a network of 23 leading development finance institutions with mandates for national, sub-regional, regional and international activities around the world  In 2013, 20 Members had total assets of more than USD 2,000 billion (World Bank Group: USD 576 billion). The total commitments of the IDFC Members added up to approximately USD 430 billion (World Bank Group: USD 53 billion)  The IDFC members have a successful and measurable track record of integrating climate change issues and related risks into their development mandates Sustainable Development: Strategic Focus and Practical Results 7 ADFIAP, Nov14

Vnesheconombank / / Development Strategy Sustainable Development: Strategic Focus and Practical Results 8 ADFIAP, Nov14  Growth of project portfolio from $41 billion to $73 billion  Focus on infrastructure, innovations, energy efficiency and green financing  Integration of principles of sustainable development, social responsibility and best practices  Preparation and implementation of road-map of sustainable development As of 16 October 2014 a new development strategy was approved Projected Loan portfolio, Key objectives

CONTACT DATA State Corporation «Bank for Development and Foreign Economic Affairs (Vnesheconombank)» 9, Academic Sakharov ave., Moscow, Russia Structured and Debt Finance Department Anna Lvova Основные принципы деятельности Внешэкономбанк 9