1. Ethiopian Cargo May 2016

2. Founded 1945 Passengers Freight 7.6 Million ( actual estimate fiscal year 2015/16 ) 346,120tons ( actual estimate fiscal year 2015/16 ) Fleet 69 Aircraft (Avg. age of < 5 years) Main Hub Addis Ababa Second Hub Togo - Lomé Malawi – Lilongwe Destinations International – 93 (52 in Africa) Domestic – 21 Employees + 10,000 Apr 30,2016 Ownership 100% Ethiopian Government Weekly Flights + 1330 – Weekly flights + 200 – Daily departures Global Alliance Star Alliance Member Key Facts ON Ethiopian Aviation Group

3. Core Businesses International Services Regional Services Cargo Services MRO Services Aviation Academy In-flight Catering Services Ground Services

4. Overview In line with our Vision 2025, Ethiopian Cargo has become a full fledged profit center beginning Sep’2013. Ethiopian Cargo’s business strategy as depicted in corporates Vision 2025 Road Map, it is based on 4 pillars. –Fleet, –Infrastructure, –Human Resource Development, –Systems ( ICT, Policies, Procedures & Processes ).

5. Vision Ethiopian Cargo will be the most competitive and leading Global cargo airlines by providing safe, market driven and customer focused cargo, courier and mail transport services by 2025 Strategic Objectives  Annual Revenue of US $ 2 Billion  Annual total tonnage of 820 thousand  Serving 37 International Destinations  Earning annual profit of US $ 200 million  Operate 18Freighter aircraft Ethiopian Cargo Vision & Strategic objectives

6. Ethiopian Cargo serves 35 destinations across the world with Seven dedicated freighters Ethiopian Cargo current freighter networks

7. Ethiopian Cargo Freighter destinations. Major Routes/Destinations Weekly Frequency AC Type ADD to Europe14B77F ADD to BOM3B77F ADD to HKG1B77F Ex-Europe Total19B77F Ex-EU-ACC, LOS, JNB & KRT6B77F Ex-EU- DWC, SAW & BEY5B77F Ex-EU-HKG, PVG & CAN8B77F Ex-Asia & ME to Africa25B57F/B57F CAN, PVG & HKG8B77F BOM, MAA, DEL & BLR9B77F DWC3B77F JED & RUH5B57F African Destinations via ADD16B57F/B57F FIH2B57F BZV2B57F KGL2B57F BJM2B57F JUB2B57F LOS1B77F LFW2B57F LUN1B57F HRE1B57F OUA1B57F

8. Three Years Operational Statistics & Growth Rate. Period FATK FTK FLF Uplift (Tons) Revenue ('000USD) 2013/14 1,199,192,579898,638,183 57.62% 258,735 334,378 2014/15 1,499,764,7881,197,274,770 58.90% 329,000 394,144 2015/16* 1,699,083,8461,364,896,625 59.15% 365,742 414,390 Ave Growth Rate19.18%23.62%1.32%19.16%11.51% * Actual estimate

9. Current Fleet & Warehouse Capacity. Total- 250,000 tons. Dry cargo 150,000tons. –14,000 Sq. meters New Perishable warehouse –65,000tons –Temperature ranging from 2 - 4 0 C –6,000 Sq. meters Old cold room temperature ranging from -21 to10 0 C. Parking capacity of three B747- 800 aircrafts at a time

10. 1.2 million tons annual capacity - 2 phases: 600,000 tons each Cargo Capacity - 8 aircraft (B747-800) Receiving area - 14,000 sq. meters Skid storage area - 18,000 sq. meters 8 Elevating transfer vehicles 70 Workstations Ethiopian Cargo Terminal Expansion Plan

11. Best Cargo Airline of the Year from Africa at the “2016 Cargo Airline of the Year”- Air Cargo News awards held on April 23, 2016 at the Lancaster London Hotel. Awards Received…

12. Air Cargo Brand of the Decade for Africa on 26 February 2Ol5 from Shipping, Transport, Aviation and Tourism (STAT) at a ceremony held in Rivonia, South Africa. …Awards Received…

13. The Rising Star Carrier of the Year (Double Award) at the “Payload Asia Awards 2015” on October 15, 2015 at Crowne Plaza Changi Airport, Singapore. It was a double award from the same event both in Customer and Industry choice award. …Awards Received