R E F E R E N C E S. (SUMMARY OF THE MAIN BUILDINGS WHERE COMPANY TERMOSISTEM Ltd. HAS PERFORMED HVAC WORKS IN THE LAST FEW YEARS)

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R E F E R E N C E S (SUMMARY OF THE MAIN BUILDINGS WHERE COMPANY TERMOSISTEM Ltd. HAS PERFORMED HVAC WORKS IN THE LAST FEW YEARS) PROJECTS IN PROGRESS: 1. High class business object CAPITAL PLAZA - Podgorica (2009-2014) Investor: ATLAS GROUP, CAPITAL PLAZA Object area: app. 80000 m 2 Type of works: Heating cooling systems with water to water heat pumps, Chilled beams and fan coils, Air handling units and air systems, Ventilation and smoke extraction systems for underground garage 2. Hotel HILTON Podgorica (2013-2014) Investor: NORMAL COMPANY Object area: app. 30000 m 2 Type of works: Heating-cooling installations with water to water heat pumps and four pipe fan coils, Simultaneous production of hot and cold water with heat recovery in heat pumps substation, Duct type indoor units with air distribution elements, Air conditioning system (20 air-handling systems), Sanitary hot water preparation, Installation of solar collectors, LPG installation, Production and distribution of steam, Ventilation and smoke extraction system for two level underground garages 3. Bazen, sportski centar i rizort hotel Donja Gorica, Podgorica (2015. god) Investor: ČELEBIĆ Object area: app. 18000 m 2 Type of works: Heating-cooling installations with water to water heat pumps and four pipe fan coils, Simultaneous production of hot and cold water with heat recovery in heat pumps substation, duct type indoor units with ductwork, air climatisation of indoor pool and SPA centre, utilization of waste heat from the

showers, Sanitary hot water preparation, Ventilation and smoke extraction system for underground garage 4. The administrative building of the Football Federation of Montenegro (2015.) FINISHED PROJECTS: Investor: Football Federation of Montenegro Object area: app. 4000 m 2 Type of works: Heating-cooling installation with air to water heat pump and ducted type fan coils, ductworks, fresh air preparation and distribution, heat recovery ventilation units, Ventilation and smoke extraction system for underground garage, sprinkler installation, Electrical cabinets and laying of cables for HVAC systems, BMS system 5. Exclusive residential building PORTO MONTENEGRO UP 1-09 (KSENIJA) - Tivat (2014) Investor: ADRIATIC MARINAS - Tivat Object area: app. 12000 m 2 Type of works: Heating cooling installations with two and three pipe (heat recovery) VRF systems, Duct type indoor units with air distribution elements, Ventilation systems, Sprinkler installations, Sanitary hot water preparation, Swimming pool water heating, Ventilation and smoke extraction system for closed garage 6. Hotel CENTAR - IGALO (2014) Investor: PRIMORJE HOTELS & RESTAURANTS - Tivat Object area: app. 10000 m 2 Type of works: Heating cooling installations with two pipe fan coils, Duct type indoor unites with air distribution elements, Air conditioning, Sanitary hot water preparation, Boiler room, Installation of solar collectors, LPG installation 7. Hotel REGENT, Porto Montenegro, Tivat (2013-2014) Investor: PM HOTELS Tivat Object area: app 20000 m 2 Performed works: Heating-cooling installations with two and three pipe (heat recovery) VRF systems, Duct type indoor units with air duct and air distribution elements, Air conditioning system (9 air-handling systems), Pools, Sprinkler installation, Sanitary hot water preparation, Pool heating, Ventilation and smoke

extraction system for underground closed garage, Internal sewerage and water installations, High and low voltage, Extra low voltage and BMS installations... 8. Nursery school, Bijelo Polje (2013) Investor: BEMAX Podgorica and Government of the Republic of Azerbaijan Performed works: Radiator heating system, Air heating, Ventilation system, Boiler room with oil boilers and fuel storage, Sprinkler system, Electrical cabinets and automatic control 9. Exclusive residential building PORTO MONTENEGRO UP 1-12 (TARA) - Tivat (2012) Investor: ADRIATIC MARINAS - Tivat Object area: app. 14000 m 2 Performed works: Heating cooling installations with two and three pipes (heat recovery) VRF systems, Duct type indoor units, Air ducts and air distribution elements, Ventilation systems, Sprinkler installations, Sanitary hot water preparation, Swimming pool water heating, Ventilation and smoke extraction system for closed garage 10. Green market and Shopping centre BAZAR - Podgorica (2012) Investors: GLAVNI GRAD PODGORICA and ČELEBIĆ - Podgorica Object area: app. 16500 m 2 Performed works: Heating cooling installations based on VRF systems, Duct type indoor units with air ducts and air distribution elements, Air handling units with heat recovery for fresh air treatment, Constant air flow regulation, Sprinkler installations, Server rooms cooling, Air curtains, Ventilation and smoke extraction system for underground garage based on JET fans, Electrical cabinets and laying of cables for HVAC systems, BMS system 11. VOLI (Hypermarket within Shopping centre Bazar ), Podgorica (2012) Investor: Company VOLI - Podgorica Object area: app. 1500 m 2 Performed works: Air conditioning system with air to water heat pump and air handling unit, Air ducts and air distribution elements, Split systems, Air curtains, Sprinkler installations, Electrical cabinets and laying of cables for HVAC

12. Residential blocks CITY KVART 1 and CITY KVART 2 PODGORICA (2009-2012) Investor: ČELEBIĆ -Podgorica Object area: app. 50000 m 2 Performed works: Heating and cooling of flats based on split and multi split 13. Primary Health Care Centre - BIJELO POLJE (2011-2012. god) Performed works: radiator heating system, Ventilation system, Boiler room with oil boilers and fuel storage, Sprinkler system, Electrical cabinets and automatic control 14. Sports Hall in Kolašin (2011) Object area: app. 6000 m 2 Performed works: Air heating system with air handling units and nozzles, Infrared hanging heaters installation, Ventilation systems, Radiator heating, District heating for nearby building, Boiler room, LPG installations and fuel storage, Electrical cabinets and laying of cables for HVAC 15. Underground garage within CITY KVART 1 and CITY KVART 2 Podgorica (2011) Investor: ČELEBIĆ - Podgorica Object area: app. 20000 m 2 Performed works: Ventilation and smoke extraction systems for underground garages based on JET fans, Sprinkler installations, Electrical cabinets and laying of cables for HVAC systems 16. Music School in Tivat (2011) Object area: app. 2000 m 2 conditioning system for concert hall, Sprinkler installations, Electrical cabinets and laying of cables for HVAC

17. Exclusive residential building PORTO MONTENEGRO UP 1-08 (TEUTA) - Tivat (2010) Investor: ADRIATIC MARINAS - Tivat Object area: app. 6000 m 2 Performed works: Heating cooling system with polyvalent heat pumps and four-pipe fan coils, Measurement of energy consumption in apartments, Ventilation systems, Sprinkler installations, Sanitary hot water preparation, Ventilation and smoke extraction system for closed car park, Indoor water supply and sewage installations 18. District heating within Medical Centre - Podgorica (2010) Installed capacity: 3x750 kw Performed works: Pipeworks with pre-insulated pipes, Steam to water heat exchangers, Automatisation, Connections with heated objects 19. DEPARTMENT OF ONCOLOGY AND RADIOTERAPHY - Podgorica (2009-2010) Object area: app. 4000 m 2 handling units, Air ducts and air distribution elements, Ventilation systems, Radiator heating, Sprinkler installations, Electrical cabinets and laying of cables for HVAC 20. STATE AGENCYS BUILDING - Podgorica (2009-2010) Investor: GOVERNMENT OF MONTENEGRO handling units for fresh air treatment, Air ducts and air distribution elements, Ventilation systems, Sprinkler installations, Ventilation and smoke extraction system for underground garage, Electrical cabinets and laying of cables for HVAC 21. POLICE DIRECTORATE OF MONTENEGRO - Podgorica (2008-2009) Investor: MINISTRY OF INTERNAL AFFAIRS OF MONTENEGRO Object area: app. 10000 m 2

handling units for fresh air treatment, Air ducts and air distribution elements, Ventilation systems, Sprinkler installations, Ventilation and smoke extraction system for underground car park, Electrical cabinets and laying of cables for HVAC 22. Sports Hall TOPOLICA - Bar (2007-2009) Investor: CITY PARLIAMENT - BAR Object area: app. 6000 m 2 Performed works: Air condition system with air handling units, air ducts and air nozzles, Ventilation systems, Heating cooling system with heat pump and fan coils, VRF systems, Electrical cabinets and laying of cables for HVAC 23. Shopping Mall DELTA CITY MONTENEGRO - Podgorica (2008) Investors: ČELEBIĆ - Podgorica and DELTA HOLDING - Belgrade Object area: app. 50000 m 2 Performed works: Heating cooling system with 3 hybrid cooling towers (4.5 MW total) and WSHP units, 4 big chillers (2.5 MW cooling capacity), Boiler room with 2 big oil boilers (2.8 MW heating capacity), Fuel storage, Air handling units (10 systems), Air ducts and air distribution elements, Ventilation systems, Smoke extraction systems, Split systems, Air curtains, Electrical cabinets and laying of cables for HVAC systems, BMS system 24. University Center UDG - Podgorica (2008) Investors: Companies ČELEBIĆ and UNIVERSITATS - Podgorica Object area: app. 18000 m 2 Performed works: Heating cooling system with heat pump and fan coils, Boiler room, Oil boilers and fuel storage, Air handling units, Air ducts and air distribution elements, Ventilation systems, Ventilation and smoke extraction system for underground garage, Electrical cabinets and laying of cables for HVAC systems 25. Market SUPERMAXI within Shopping Mall DELTA CITY MONTENEGRO Podgorica (2008) Investors: DELTA MCG - Podgorica and ČELEBIĆ Podgorica

Performed works: Air condition system with air handling units and heat pumps, Air ducts, Ventilation systems, Heat recovery from cooling chambers for food, Smoke extraction systems, Electrical cabinets and laying of cables for HVAC systems 26. "MAXI" Markets Stara Varoš - PODGORICA (2007 ) Bar (2007 ) Stari Aerodrom - PODGORICA (2007) Investor: DELTA INVEST - Belgrade Performed works: Air condition system with air handling units, air ducts, Ventilation systems utilization of waste heat from the cooling chamber for food, Air conditioning with the roof top heat pumps, Electrical distribution and automatic control... 27. Shopping Centre VOLI - Stari Aerodrom, Podgorica (2007) Investor: Company VOLI - Podgorica Object area: app. 4500 m 2 Performed works: Air condition system with air handling units and heat pumps, Air ducts, Ventilation systems, Heating cooling system with heat pump and fan coils, Split systems, Electrical cabinets and laying of cables for HVAC 28. EXAMINATION CENTRE OF MONTENEGRO - Podgorica (2007) handling units, Ventilation systems and air ducts, Split systems, Electrical cabinets and laying of cables for HVAC 29. MEDICAL HIGH SCHOOL - Podgorica (2007) Object area: app. 7000 m 2 Performed works: Radiator heating, Air heating system with air handling unit and air ducts, Ventilation systems, Boiler room

30. AIRPORT TIVAT Tivat (2006) Object area: app 5000 m 2 Performed works: Air condition system with roof top heat pumps, Air ducts and air distribution elements, Ventilation systems, Electrical cabinets and laying of cables for HVAC 31. THE NATIONAL SECURITY AGENCY Podgorica (2006 god) Main contractor: ČELEBIĆ - Podgorica Object area: app. 4000 m 2 Performed works: Heating cooling system with heat pump and fan coils, Ventilation systems and air ducts, Server rooms cooling, Electrical cabinets and laying of cables for HVAC 32. Business Centre STARA VAROŠ Podgorica (2006) Investor: ČELEBIĆ - Podgorica Object area: app. 7500 m 2 handling units for fresh air treatment, Air ducts and air distribution elements; Ventilation systems, Electrical cabinets and laying of cables for HVAC 33. Disco TROKADERO Budva (2005) Performed works: Air condition system with roof top heat pumps, Ventilation systems and air ducts 34. Office Building MONET-TELEKOM Rimski trg, Podgorica (2005) Investors: TELEKOM, MONET and ATLAS BANKA Object area: app. 10000 m 2 handling units for fresh air treatment, Air ducts and air distribution elements; Substations 35. RESIDENCE OF THE PRESIDENT OF THE REPUBLIC OF MONTENEGRO - Cetinje (2005)

Main Contractor: ČELEBIĆ - Podgorica handling units for fresh air treatment, Ventilation systems and air ducts, Radiator heating, Boiler room, Oil boilers and fuel storage, Sanitary hot water preparation, Electrical cabinets and laying of cables for HVAC 36. Hotel PODGORICA Podgorica (2005) Investor: NORMAL TOURS - Podgorica Object area: app. 4500 m 2 Performed works: Heating cooling system with heat pump and fan coils, Ventilation systems and air ducts, Sanitary hot water preparation, Electrical cabinets and laying of cables for HVAC systems