Oesterreichische Entwicklungsbank AG - OeEB Austrian Business Circle Belgrade – Sabine Gaber / Head of Investment Finance Department OeEB

 Mandated by the Austrian Government in March 2008 as the Official Development Bank of Austria  100 % private - wholly owned subsidiary of Austria’s Export Credit Agency OeKB Objectives:  Support of sustainable growth of the private sector in developing and emerging countries (except EU countries)  Mobilization of private local companies/institutions as well as Austrian investors to realize projects. An Austrian link is highly welcomed but OeEB is not strictly tied to Austrian content.  OeEB supports economically self-sustaining projects with conditions close to market rates (no interest subsidies, no softloans). 2 Basics & Mandate

 Projects meet development policy criteria, e.g. - creation of additional employment, local income and/or - project contributes to climate protection, energy efficiency or renewable energy - project contributes to strengthen the local infrastructure - transfer of skills or technology, etc.  Role OeEB: Co-financier (risk sharing with other bilateral or multilateral development banks) or lead financier for selected projects. In addition OeEB may act complementary to commercial banks.  OeEB finances in principle new investments, expansion investments and rehabilitations.  OeEB is a creditworthy partner with a long term rating of AA+ (S&Ps). Basics & Mandate 3

Long-term Financing: Instruments: Senior loans, subordinated loans, risk participations, equity participations in funds, companies and banks Amount: Currently up to approximately EUR 25 mn. per transaction Tenor: Up to 15 years incl. grace periods Currencies: EUR, USD Collateral: Adequate to the project in question in terms of risk; equity ratio of around 30 %; the project sponsor must have a solid track record in the sector in question. Conditions: Interest and fees close to market rates. OeEB Instruments 4

Advisory Programmes: Project–related auxiliary support facilities on a non-refundable basis like  studies,  project–related training,  measures regarding environmental and social aspects. 5 OeEB Instruments

OeEB’s Total Assets 2009: EUR 110 mn. with 15 signed transactions and total committed volume of EUR 145 mn. in 2009 Planned portfolio breakdown by committed project volume by 2015: 60 % Financial Sector: Credit lines to financial institutions as intermediaries (e.g. micro-finance institutions, banks, etc.) to realize projects in the real sector, e.g. for MSMEs financing, energy efficiency or infrastructure projects. 40 % Real Sector: Credit lines to corporates or project companies to realize projects, thereof:  25 % in the infrastructure sector (including energy sector)  10 % in the manufacturing/ industry sector  5 % in other sectors. 6 OeEB – Brief Overview

Projects in Serbia are of strategic interest for OeEB. OeEB so far has  contributed to Investment Funds (e.g. European Fund for South East Europe „EFSE“ and Green for Growth) that support energy efficiency projects and renewable energy projects including Serbia as a target country.  commissioned a consultant to conduct a renewable energy sector study to analyze the renewable energy market in Serbia and to identify bankable projects.  Many more projects to come especially in sectors like infrastructure, energy and environment, industry and in the financial sector. 7 OeEB 2009 – Brief Overview

8 Thank you!