1. BIOETHANOL PLANT CONSTRUCTION

2. Summary of the investment project  EVOLUTION Investment Group presents an investment project of construction of enterprises for the production of 2nd generation bioethanol production in the Republic of Komi;  The initiators of the project are EGREGOR biotech JSC and the Government of the Republic of Komi;  EGREGOR biotech JSC is a partner of the Technology Platform "Bioenergy" at the Government of Russia on the implementation of the "Program of development of biotechnology" with regard to the production of second- generation bioethanol, the design and construction of the power industry, as well as a party to the timber industry cluster of the Komi Republic;  The project involves the construction of the plant for the production of bioethanol from non-food renewable natural raw material (hardwood, cull lumber and sawmill waste).  The plant capacity is 100 000 tonnes of biofuels - bioethanol - a year. Also, commodities are briquettes are used as solid biofuel in housing.  As an applied technology is selected and successfully implemented a unique practice in the EU, the US, China and Brazil licensed technology enzymatic hydrolysis. The production is almost waste-free and environmentally friendly. Factories working on this technology successfully operated in Italy in 2013. It is also currently under construction for more than 5 similar businesses in different countries (China, Brazil, Italy);  The project took place in the Ministry of Industry of the Russian Federation coordination in 2010 under the program "Development of one-company towns" and was approved as one of the most promising.  Currently, the project is stated as a priority for the Republic of Komi to organize project lending taking advantage of government support measures of the RF Ministry of Economic Development.  Bioethanol production is highly profitable, the payback period plant constructed does not exceed 6 years.

3. EGREGOR biotech JSC reached an agreement with the main implementers of the project, from the design stage before the production to sales of finished plants.  Komi republic is the state partner of the project.  The project team includes leading chemists in the field of chemical hydrolysis, experienced entrepreneurs.  Mossi Ghisolfi Group - Technological partner of the project. MG Group is a leading international consortium that owns the most advanced production technology 2nd generation biofuels in the world. MG Group provides step BEP, a licensor and distributes under license key equipment.  Technip Group – most likely EPC - contractor of the project. Technip has extensive experience on the construction of bioethanol plants worldwide. Also, as the EPC - contractor may be a number of other companies.  Vogelbush - equipment supplier, leader in the production of ethanol plants to the 1970s.  GC “Stroyomplex" - provides step DEP, receipt of all necessary approvals and permits, is a construction contractor. GC “Stroyomplex" - one of the leading general contractors in Russia. Project developers

4. Russian domestic market  In 2013, prime minister Medvedev approved Roadmap "The development of biotechnology and genetic engineering." This document defines the activities aimed at the rapid growth of biofuels market in Russia;  The law, designed according to the Roadmap and needed to regulate the production and sale of biofuels, has passed all the necessary approvals, and is preparing to adopt in the Duma. Cancel excise tax on ethanol (under this Act) in conjunction with the obligation to supplement fossil fuels bioethanol is actually open up the market in Russia;  The potential of the Russian market (according to experts the technological platform "Bioenergy" at the Government of the Russian Federation on the basis of the Road Map) amount to more than 3 billion. liters of ethanol per year by 2020;  With such a shortage of appropriate products is the construction of more than one plant, and the whole system of enterprises for the production of bioethanol. This presentation examines the construction of one plant;  Permanent link of the Law http://regulation.gov.ru/projects#npa=18805http://regulation.gov.ru/projects#npa=18805Export  To purchase the full product release show interest in many of the major consumers. In particular, EGREGOR biotech JSC signed pre-contract agreement with an international company Mitsui & Co Deutschland GmbH on the five-year contract to purchase the entire production of the plant. Thus, the products of the company has a 100% export potential.  Market prices of bioethanol each year grow, ranging from 500 to 700 euros per ton. The financial model adopted in 500evro price per ton. Sales

5.  To accommodate the plant for the production of bio-ethanol 2nd generation capacity of 100 000 tons per year, the government allocated the Komi area of 6.3 hectares, located in the village Troitsko-Pechora. The platform is a budgeted level section 7 km. by road Sosnogorsk - Troitsko-Pechora. In the border area is railway branch (railway Sosnogorsk - Troitsko-Pechora length of 165 km).  Manufacturing refers to the 3rd class of danger, sanitary zone of 300 m. The necessary for the functioning of the energy will be produced independently. The project is considered an integrated thermal electric plant with a capacity up to 3 MW. Water consumption and discharge is minimal, water is used in a closed loop. The company is environmentally safe.  Troitsko-Pechora is located in the center of the harvesting capacity of more than 1 million m3 per year, the volume of timber can be increased. For the production of 2nd generation bioethanol technology used for the stated natural renewable non-food cellulose-containing raw material - namely the carrying, cull lumber, sawmill waste. For the operation of the plant will take up to 400,000 tons per year.  Supply of raw materials is provided by the current logging woodworking enterprises (LLC "PechoraEnergoResurs", OOO "Azimut", LLC "Komilesbiznes" and others.)  Shipment of goods to consumers will be railway in specialized tanks. Export shipment involves the use in some cases, tank containers, and transported to the port of shipment on the railway.  The financial model of delivery of products accounted for tank containers from Troitsko-Pechora to the station Ust-Luga in the composition of variable costs. Raw Materials and Logistics

6. View of the plant Bird’s eye view of the industrial site at the moment The scheme of the plant

7. Economy project The economic performance of the project NPV40,36 IRR24,9% DPP5,5 years Assumptions Interest rate / discount14%/12% Horizon settlements32 quarters (8 years)

8. The proposed mechanism of project financing For the operation of the project is expected to create SPV. As a founding act EGREGOR biotech JSC and investor (s). Capital formation SPV: 1. 25% SPV is provided by EGREGOR biotech JSC as the management company of the project and work on the creation of the working documentation of the construction project, obtaining building permits. 2. Required cash investment in the project is 42,88 million. euro., which corresponds to 75% share in the SPV 3. Minimum sufficient investment in which the initiator SPV provides the accumulation of capital to the required size by the entrance of several investment funds (of which there is an agreement), is 5 million. Euro. These funds are needed primarily for the payment of the first installment of the license, of the Feasibility study (FS) and the beginning of the basic design. Investors willing to invest the funds at the initial stage of the project, a 20% capital. Further funding for the project: Several methods have been developed following options : 1. Taking advantage of export credit export agency of the main equipment provider country (Italy, Germany, Czech Republic) 2. Participation in the state program project lending Ministry of Economic Development of Russia. Exit of the investor from the project: 1. EGREGOR biotech JSC and investor signed an option to buy the investor's share to 51% or more after the expiration of 5 years from the date of commissioning of the plant. 2. There may be other options discussed

9. Contacts Contacts Sincerely yours, Vladimir Novikov nvv@egruppa.ru EGREGOR biotech JSC board member +7(950) 0364467 EVOLUTION Investment Group CEO