Progetti International (formerly Merloni Progetti) is the General Contracting Company of Fineldo Group, belonging to Merloni s family.

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COMPANY PROFILE

COMPANY Progetti International (formerly Merloni Progetti) is the General Contracting Company of Fineldo Group, belonging to Merloni s family. Vittorio Progetti International operates in the international markets and realizes projects with high technological content, ranging from alternative energies to industrial plants and construction sectors. Established in 1973, Progetti International has more of 40 years track record with more than 120 industrial plants realized in 26 countries worldwide. Headquartered in Milan, Progetti International has an international branch in Moscow and Santiago of Chile.

HISTORY Construction of a 97 MW Solar Park in Chile 2015-2016 Merloni Progetti becomes Progetti International Solar Parks in Italy and Romania 2013-2014 Solar Parks in Romania 2012 Solar Parks in Italy 2010-11 Lead scrap batteries recovery plants in China - 2008-10 More than 100 plants realized in 35 years in 26 countries- 2008 First lead recovery from scrap batteries plant realized in Russia 2006 Entry in the environmental and alternative energies sector 2005 First logistics & industrial pole, Lipetsk, Russia - 2003-05 1998 First plant in oil & gas sector, Italy 1995 First refrigerators plant realized in Brazil, Sao Paulo 1992 First refrigerators plant realized in Middle East in Teheran, Iran 1990 Biggest Europe refrigerators plant, Lipetsk, Russia 1984-89 15 plants realized in China in 5 years 1975 First turn-key plant, Kirov, Russia 1973 Incorporation of Merloni Progetti

COMPETENCES Project Management Shipment and logistics management Project analysis and feasibility studies Site and Construction Management Project Financing process assistance Commissioning Management Basic and detailed engineering Training of Customer s personnel Procurement of material and equipment in both local and international markets After-sales services O&M Services

GROUP SHAREHOLDINGS Progetti International, established in 1973 by Vittorio Merloni, is the general contracting company of the Fineldo Group. The Group is headed by Vittorio Merloni family. INDUSTRIAL ENERGY FINANCE OTHERS 94% 100% <1% < 1% <1% <1% 100% IMMOBILIARE FINELDO 11%

ORGANIZATION CHART Chairman Managing Director Moscow Office Procurement Execution & Proposals Sales Corporate Staff (A.F.&C., HR, Legal)

2015 MAIN FIGURES Turnover: 20 M Gross Margin: 4,5 M EBIT: 1,5 M Net Equity: 5,9 M

INTERNATIONAL LICENSES AND CERTIFICATIONS Progetti International has different licenses and certifications such as: Russian License to realize any construction contracts up to a value of 10 Bn Rubles (Sro Stroy Alliance); Russian License for project engineering and documentation up to a value of 300 Mn Rubles (Sro Project); Quality Management System ISO 9001

SECTORS OF ACTIVITY POWER PLANTS RENEWABLE ENERGIES INDUSTRIAL PLANTS BUILDINGS Combined Cycle Power Plant Power Generation Plant Cogeneration Solar Parks Wind Parks Waste to Energy Electromechanical Production Second Raw Material Recycling Agro-industrial complex Industrial buildings Warehouses & Terminals

Renewable Energies

GROUND SOLAR PARKS 2010, Trinitapoli (Italy) Ground Solar Parks (3 + 5 MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

GROUND SOLAR PARKS 2011, S. Giovanni a Piro (Italy) Ground Solar Parks (2 MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

GROUND SOLAR PARKS 2011, Roccamena (Italy) Ground Solar Parks (4 MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

GROUND SOLAR PARKS 2011, Lamezia (Italy) Ground Solar Parks (8 MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

GROUND SOLAR PARKS 2012, Izvoru (Romania) Ground Solar Parks (9,6 MW) Basic and Detailed Design, Construction

RENEWABLE ENERGY: GROUND SOLAR PARKS 2012, Corabia (Romania) Ground Solar Parks (7 MW) Basic and Detailed Design, Construction

RENEWABLE ENERGY: GROUND SOLAR PARKS 2013, Bucsani and Produlesti (Romania) Ground Solar Parks (2 + 2,5 MW) Basic and Detailed Design, Construction, Operation & Maintenance

GREENHOUSES SOLAR PARKS 2013, Ragusa (Italy) Greenhouses Solar Parks (16 MW) Detailed Design, Construction, Operation & Maintenance

PARKING SOLAR PARKS 2010, Teverola (Italy) Carport Solar Parks (1,6 MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

ROOF SOLAR PARKS 2011, Carinaro (Italy) Roof Solar Parks (1+1+1 MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

TRACKER SOLAR PARK (in progress) 2015, Carrera Pinto (Chile) Tracker Solar Park (97 MW) Basic and Detailed Design, Construction

RENEWABLE ENERGY: WIND PARKS 2005, Vallesaccarda (Italy) Wind Park (22,5 MW) Feasibility Study, Permitting, Basic and Detailed Design

RENEWABLE ENERGY: WIND PARKS 2008, Scampitella (Italy) Wind Park (32 MW) Feasibility Study, Permitting, Basic Design

RENEWABLE ENERGY: WASTE TO ENERGY 2007, Lomellina (Italy) Waste to energy plant based on circulatingfluidized bed technology (380,000 t/y - 37,2 MW) Operation & Maintenance

Power Plants

POWER PLANTS: TEVEROLA 1 1998, Teverola1 Combined Cycle Power Plant(150MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

POWER PLANTS: FERRARA 1 1999, Ferrara1 Combined Cycle Power Plant(150MW) Feasibility Study, Permitting, Basic and Detailed Design, Construction, Operation & Maintenance

POWER PLANTS: TEVEROLA 2 2004, Teverola2 Combined Cycle Power Plant (400MW) Feasibility Study, Permitting, Basic and Detailed Design

POWER PLANTS: FERRARA 2 2008, Ferrara2 Combined Cycle Power Plant (800MW) Feasibility Study, Permitting, Basic and Detailed Design

POWER PLANTS: COGENERATION 2006, Ramenskoe (Russia) Cogenerationplant for greenhouses complex (16 MW) Basic and Detailed Design, Construction

Industrial Plants

INDUSTRIAL PLANTS: ELECTROMECHANICAL PRODUCTION 1995, Lipetsk (Russia) Refrigerators plant 1,000,000 pcs / year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS: ELECTROMECHANICAL PRODUCTION 2005, Lipetsk (Russia) Washing Machines plant 500,000 pcs / year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS: ELECTROMECHANICAL PRODUCTION 2002, Qingdao (China) Washing Machines plant 300,000 pcs / year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS: ELECTROMECHANICAL PRODUCTION 2005, Shunde (China) Dishwashers plant 300,000 pcs / year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS: ELECTROMECHANICAL PRODUCTION 2006-2009, Teheran (Iran) Refrigerators Plant 100,000 pcs / year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS: SECOND RAW MATERIAL RECYCLING 2006, Ryazan(Russia) Lead recovery from scrap batteries 70,000 tons/ year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS: SECOND RAW MATERIAL RECYCLING 2008, Wuhan (China) Lead recovery from scrap batteries 100,000 tons/ year Basic and Detailed Design, Construction

AGROINDUSTRIAL COMPLEX: GREENHOUSES 2006, Ramenskoe (Russia) Greenhouses complex 6 hectares cultivated area for roses production Basic and Detailed Design, Construction

AGROINDUSTRIAL COMPLEX: DAIRY COMPOST & FERTILIZER 2008, Ramenskoe (Russia) Agroindustrial Complex including Compost Production: 80,000 tons/ year Fertilizer Production: 70,000 tons/ year Dairy Production: 15,000 tons/ year Basic and Detailed Design, Construction

INDUSTRIAL PLANTS 2014, Lipetzk, Russia Permitting, Basic and Detailed Design

Buildings

BUILDINGS: INDUSTRIAL BUILDINGS 1995, Lipetsk (Russia) Refrigerator Factory Building (137,000 sqm) Basic and Detailed Design, Construction

BUILDINGS: INDUSTRIAL BUILDINGS 1998, Lodz (Poland) Gas cookers Factory Building (70,000 sqm) Basic and Detailed Design, Construction

BUILDINGS: INDUSTRIAL BUILDINGS 2004, Lipetsk(Russia) Washing Machine Factory (25,000 sqm) Building & Utilities Basic and Detailed Design, Construction

BUILDINGS: INDUSTRIAL BUILDINGS 2005, Lipetsk(Russia) Warehouse (53,000 sqm) Basic and Detailed Design, Construction

REFERENCES Since the beginning, Progetti International vocation has been global. Progetti International track record of more than 120 projects passes through 26 countries in 4 continents.

LIST OF REFERENCES 2000-2014 2014 Carrera Pinto, Cile Solar Parks (97 MW) 2014 Lipetzk, Russia Industrial plant engineering 2013 Bucsani Produlesti, Romania Solar Parks (4,5 MW) 2013 Ragusa, Italy Greenhouses Solar Park (16 MW) 2012 Izvoru, Romania Solar Park (9,6 MW) 2012 Corabia, Romania Solar Park (7 MW) 2011 Lamezia, Italy Solar Park (8 MW) 2011 Carinaro, Italy Roof Solar Park (3 MW) 2011 Roccamena, Italy - Solar Park (4 MW) 2011 S. Giovanni a Piro, Italy Solar Park (2 MW) 2010 Teverola, Italy Roof Solar Park (1,6 MW) 2010 Trinitapoli, Italy Solar Park (8 MW) 2010 Shanxi, China Used battery recycling 2009 Istanbul, Turkey Gas cookers 2009 Ramenskoe, Russia Dairy factory 2008 Wuhan, China Used battery recycling 2008 - Ramenskoe, Russia Organic fertilizers 2008 Teheran, Iran - Refrigerators and freezers 2008 Ferrara, Italy - Combined Cycle Power Plant 2007 Lomellina Italy Waste to energy (37,2 MW) 2006 Ramenskoe. Russia Cogeneration (16 MW) 2006 Lipetsk, Russia Master Plan ZES industrial area 2006 Ramenskoe, Russia Greenhouse complex 2006 Orsk, Russia Refrigerators, cookers, compressors 2006 Ryazan, Russia Used battery recycling 2005 Lipetsk, Russia Finished product warehouse 2005 Shunde, China Dishwashers 2005 Scampitella, Italy Wind Parks (32 MW) 2005 Vallesacarda, Italy Wind Parks (22,5 MW) 2004 Teverola, Italy - Combined Cycle Power Plant 2004 Khartoum, Sudan Freezers 2004 Teheran, Iran Refrigerators and freezers 2004 Orsk, Russia Refrigerators 2004 Lipetsk, Russia Automatic washing machines 2003 Shenyang, China Gas boilers 2002 Chongqing, China Gas boilers 2002 Ceara, Brazil Refrigerators 2002 Baku, Azerbaijan HDPE tubes 2002 Qingdao, China State-of-the-art washing machines 2002 Voghera, Italy - Combined Cycle Power Plant 2001 Qingdao, China State-of-the-art washing machines 2000 Brest, Russia Molding plant 2000 Qingdao, China New washing machine models 2000 Shunde, China Dishwashers 2000 Changzhou, China Resistors

LIST OF REFERENCES 1990-1999 1999 Ferrara, Italy - Combined Cycle Power Plant 1999 Qingdao, China Dishwashers 1999 Qingdao, China Kitchen units 1999 Brest, Russia Enamelling plant 1999 Qingdao, China New washing machine models 1999 Shunde, China Induction motors 1999 Changzhou, China Thermostats 1998 Lodz, Poland Gas cookers 1998 Qingdao, China New washing machine models 1998 Wuxi, China Dishwasher drums 1998 Taizhou, China Front-loading washing machines 1998 Taizhou, China Top-loading washing machines 1998 Teverola, Italy - Combined Cycle Power Plant 1997 Wuxi, China - Dishwashers 1997 Qingdao, China Top-loading washing machines 1997 Shunde, China Commutator motors 1996 Vladikavkaz, Russia Bottling plant 1996 New Delhi, India Washing machines and dishwashers 1996 Changchun, China Washing machines 1996 Jakarta, Indonesia Refrigerators 1995 Chongming, China New refrigerator models 1995 Zhang Qiu, China - Motors 1995 S. Paulo, Brazil Refrigerators 1994 Tongling, China Capillary tubes 1994 Baoji, China New refrigerator models 1994 Hefei, China Washing machines 1994 St. Petersburg, Russia Gas water heaters 1994 S. Luis, Argentina - Gas and electric cookers 1993 Qingdao, China Washing machines 1993 Beijing, China Washing machines 1993 Tunis, Tunisia Refrigerators 1992 Teheran, Iran Refrigerators 1992 Teheran, Iran Refrigerators and freezers 1992 Guangzhou, China Refrigerators 1991 Balakirevo, Russia Thermostats and gas taps 1990 Shijiazhuang, China Automobile radiators 1990 Shijiazhuang, China Evaporators 1990 Seoul, South Korea Bathtubs

LIST OF REFERENCES 1975-1989 1989 Lipetsk, Russia Refrigerators 1989 Guangzhou, China Washing machines 1988 Yerevan, Armenia Micro motors for toys 1988 Baku, Russia Small domestic appliances and electric motors 1988 Moscow, Russia Baby food 1988 Santiago, Chile Refrigerators and cookers 1988 Tajura, Libya Electric water heaters 1988 Wronki, Poland Molding of kitchen components 1988 Fuzhou, China Refrigerators 1988 Kingxiang, China Refrigerators 1987 Nanjing, China Refrigerators 1987 Lanzhou, China Refrigerators 1986 Brest, Russia Kitchen enameling plant 1986 Cairo, Egypt Refrigerators and freezers 1986 Cairo, Egypt Washing machines and dishwashers 1986 Cairo, Egypt Gas water heaters and cookers 1986 Karachi, Pakistan Freezers 1986 Istanbul, Turkey Washing machines 1985 Baoji, China Refrigerators 1985 Beijing, China Refrigerators 1985 Hefei, China Refrigerators 1985 Jingdezhen, China Refrigerators 1985 Mudanjiang, China Refrigerators 1985 Chongming, China - Refrigerators 1984 Changsha, China Refrigerators 1984 Chongqing, China - Refrigerators 1984 Tblisi, Georgia Hairdryers 1984 Tblisi, Georgia Hook commutators 1984 Tblisi, Georgia Electric motors 1984 Baku, Azerbaijan Small domestic appliances 1983 Nairobi, Kenya Gas and electric cookers 1982 Baku, Russia Electric water heaters 1982 Lima, Peru Automatic washing machines 1982 St. Dénis, Réunion Islands Refrigerators 1980 Jakarta, Indonesia Gas and electric cookers 1980 Kuwait City, Kuwait Gas and electric cookers 1980 Port Harcourt, Nigeria Refrigerators 1979 Santiago, Chile Refrigerators and cookers 1979 Jeddah, Saudi Arabia cookers, refrigerators 1978 Tosno, Russia Synthetic detergents 1976 Ulianovsk, Russia Timers and electric valves 1975 Kirov, Russia Automatic washing machines

CONTACTS ITALY Progetti International SpA Headquarters Viale Certosa, 247 20151 Milan Italy Tel. +39 02 307021 Fax. +39 02 30702542 E-mail info@progettiinternational.com Web Site: www.progettiinternational.com RUSSIA Elektrichesky per.8bld.5 123056 Mosca Tel +7 495 7390505 Fax +7 495 7390505