1 Bombardier Transportation Bombardier Ratul Myanmar solutions forMobility Mandalay, Arora

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PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 3 (Fiscal (Fiscal yearended December 31, 2014) Bombardier Transportation 3 . . . . . 1) Overview As As Headquarters in Berlin, Germany Employees Customers in more than 60 countries Order backlog Revenues: $9.6 billion of December of 31, 2014 1) : : 39,700 1) : : $32.5 billion (Fiscal (Fiscal yearended December 31, 2014) Bombardier Aerospace . . . . . Headquarters in Montréal, Canada Employees Customers in more than 100 countries Order backlog Revenues: $10.5 billion 1) : : 34,100 1) : : $36.6 billion

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. © Bombardier Inc. or its subsidiaries. All rights reserved. 4 A diversified company BOMBARDIER ** for fiscal year at December year** for fiscal at December 31, 2014 * for fiscal ended year December 31, 2014 Breakdown byBreakdown revenues* Aerospace 52% Totalbillion $20.1 Revenues: Transportation 48% Breakdown Breakdown byworkforce** Aerospace 46% 73,800 employees 73,800 Transportation 54%

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 5 Global expertise Global expertise BOMBARDIER TRANSPORTATION 2) 1) Note: As at Including Including inactive and contractual employees Rest of world includes CIS (incl. Russia), South America, America, Africa Central Total BT revenues 2014: 9.6$B Present in > 60 countries Global Headquarters December December 31 23% 16% , 2014 – local presence Rest of world Europe Total BT employees In In 28 countries 80 production/ 66% 67% 2% 6% 1) engineering and and the Middle East 2) : 39,700 : sites sites & service centres Asia 11% - 9% Pacific

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 6 The broadest portfolio of products & solutions in the rail industry &solutions rail in the products of portfolio broadest The BOMBARDIER TRANSPORTATION ...... Rail Rail Vehicles Locomotives trains High speed Intercity trains Regional trains trains Commuter Metros vehicles ...... Transportation Security Transit Systems Intercity Metro Systems ART systems systems Light rail systems APM systems Monorail Systems . . . . and and overhaul re Component Solutions Material Management Asset Life Management Fleet Services - engineering . . . . . Rail Rail Control Services equipment Wayside systems Interlocking operation andprotection Automatic train systems control Integrated Solutions . . . . communication Control and Traction drives converters Auxiliary converters Traction Propulsion &Controls . . of of bogie a the lifetime serviceover Full scope of vehicles range railof match entire Portfolio to Bogies

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PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 8 Sites and offices OUR PRESENCE IN ASIA PACIFIC Countries Countries with BT locations and projects Service sites Engineering sites Manufacturing sites Offices Maneja Note: Mumbai Gurgaon Map Savli Delhi Hyderabad shows combined combined shows insites same Chennai Bangkok Lumpur Kuala Guangzhou Shenzhen Singapore Changzhou Beijing Qingdao Suzhou Perth Hong Kong Hong Changchun Shanghai city. Servicescity. Taipei Pasig Cebu Seoul Adelaide Indonesia sites sites include projects at delivereddepots. customer INTERCITY ANDINTERCITY SPEED TRAINS COMMUTER, COMMUTER, Melbourne REGIONAL, VERY HIGH METROS, METROS, Sydney Maryborough Brisbane . . . services of rail vehicles and Modernisation advanced fullyautomated technologies ranging from manual applications to Complete portfolio of stock services covering the full spectrum of rolling turnkey system solutions Advanced TRANSPORTATION SYSTEMS applications product , re - engineering technology, complete RAILCONTROL rail control rail control solutions SIGNALLING SOLUTIONS AND and components aftermarket and overhaul the the most SERVICES

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 9 Leveragingon our people OUR PRESENCE IN ASIA PACIFIC 876 63 Note: As at May 2014 including Note: As May at including 2014 all business units and inactive and contractual employees for a of total employees 3,342 Project Project Management, Engineering,Sales and administrative (Regional SystemsHeadquarters Malaysia Sales and administrative a Assembly,Completion Design, Manufacturing, India Expanding our local presence nd Testing . . . . Licensingagreements Localcapability building Partnership withpartners local Localfootprint Highlighted countries with total workforce Highlightedtotal withcountries workforce status as of 2014May Centre Centre for System Engineering Engineering System for & Integration) 376 Project Project Management, Engineering,Sales and administrative (Regional Centre Signalling) for Headquarters Solutions Rail Control (Asian Stock HeadquartersRolling Thailand 1000 75 Centre of Engineering Centre of Engineering administrative Project Management, andSales (Centre of Excellence SoftwareTrain Control Development) Singapore 179 Testing, Testing, Maintenance and Sales Design, Manufacturing Australia 404 Project Project Management and Engineering South administrative Project Management, Engineering,Sales and and Testing Design, Manufacturing China 181 & Regional & Regional HQ Design & Procurement) Korea Finance Philippines , Assembly,Completion and Shared , Assembly Service CentreService , Completion ,

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 10 Our commitment to know OUR PRESENCE IN ASIA PACIFIC VehicleDynamics Vehicle& SystemIntegration Traction Dynamics Total SystemIntegration Thermodynamics Testing and Commissioning TCMS Structure Mechanics Software Engineering RAM/LCC Product Safety Engineering PowerElectronics Engineering Operation and Maintenance Technology Materials Industrial Design Functional Engineering EnergyPerformance EMC Safety Fire Design for Environment & Safety Crash EngineeringControl Homologation Authorisation and Aerodynamics Acoustics Scientific Bogies & Running Gear PropulsionSystems CivilWayside Equipment SignallingWayside Rooms Control Traffic Management / systems Radiobased Signal ERTMS Interlocking Systems Automated Transit Systems Transit Systems Product Management Locomotive LRV Metro DoubleTrains Deck Trains Regional& Commuter SpeedHigh Trains HighVery Speed Trains Products OUR E NGINEERING BUSINESS IS - IS how andexperience A THE KEY systems Suspension & Active SecuritySystem PowerSupply Onboard Control Comfort Interiors & Passenger Entrance System & Auxiliaries EnergyStorage Technology & gear) (motor Drives Traction Diesel CoolingSystem SystemClimate CarbodyShell CarbodyFittings Cabling& Piping Cab Brakes Systems COMPETENCY ASSET IN B OMBARDIER AREAS . . . . WHICH Engineering & Integration & Engineering Systemfor Expertise of Centre Regional Signalling for Centre Regional Development TrainSoftware Control for Excellence of Centre Engineering of Centre Asian - - AND HQ ProcurementHQ Centre Design Stock Rolling ARE THE CORE BASIS TO FOR BT

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 11 Malaysia ...... Australia . . Taiwan . . . . Thailand ...... Key Orders in in KeyRegionthe Orders BOMBARDIER IN ASIA PACIFIC Ampang KualaSri Lumpur Adelaide/ Perth / Victoria/ Queensland Fleet Maintenance & Refurbishment Signalling of SydneyLightExt. Rail V/LineRegional VlocityTrains System Gold Coast 2 LightTransit Flexity Rail MelbourneFlexitySwiftLight Rail Adelaide Queensland NewGeneration ERTMS onboard ERTMS ATP for allnetwork solution NeihuLine & Automatic of RailwayThailand MainlineSignallingsystem for State Bangkok Skytrain Propulsion& Control Equipment for Line Signalling Resignalling Komuter innetwork KL Onboard controlrail technology for KTM Blue Tiger locomotives on KTMB Klangcontrol trainsolution ValleyMRT KualaKelana Lumpur Jaya People Mover Kuala Lumpur InternationalLumpur Airport Lines Light& Rail ElectricTrams solution for solutionfor Bangkok Purple of Bangkok of Bangkok Petaling Jaya& train control Skytrain Line RS in ...... China . Korea South . . Singapore . . . . . India High Grade Grade High coaches (CR) operational network VHS delivered for over ERTMS 88%of (CR) 380km/h VeryZEFIRO High 250km/h (China 250km/h HighZEFIRO Speed Trains system SuzhouL1Line transit control L3, Signallingsolutions for Shenzhen Metro Maintenance / Overhaul Shanghai Metro Line 1, 2, 7, 9 & 12 & ShenzhenLine 1 Guangzhou Line 1 & 2 BeijingAPMAirport YonginLine and Signallingsolutions Downtown Bukit Freight trainsIndiancommuter Railways Propulsion& Electrical equipment for Western &Railways Central Traffic Management for Mumbai’s system Signallingsolutions Metro for Delhi New Tianzhen DelhiMetro and Options Panjang Railway CorporationCR Railway locomotives for for locomotives Indian Railways NG HighNG Speed trains (CR) Line Driverless Metro LineDriverless Metro L2 & L3 Light Rail Transit LightTransit System Rail – 310 km/h Speed trains )

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PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 13 Growing concerns about Urbanabout Congestion Growing concerns city is facingcity congestion. With acurrent populationof aroundmillion,1.25the Myanmaris expandingmultiple foldsevery year. Mandalaybeingthe economic hubfornorth of city. the nextstep ofdevelopment to becomea mega Urban Transportcan helpMandalaymove towards andconvenient rides solutionsto helpattain better efficiency of travelers There is a strongneedto havepublic of growthof the city. Congestioncan affect the economy localandrate Year 2025 2020 2010 2007 2000 1990 1980 1970 1960 1950 Historical populationHistorical 1,446,000 1,308,000 1,034,000 961,000 810,000 636,000 499,000 374,000 250,000 167,000 Pop. +10.6% +26.5% +18.6% +27.4% +27.5% +33.4% +49.6% +49.7% +7.6% — ± %

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 14 Mandalay’s need model is best for which transportation Determining Differentmeans oftransport havetheirtypicalapplication own Requiredsystem 14 Metro: appr. 800 passengers, 2 min intervall: 800 * 30 = 24000 pass./h Tram: appr. 200 passengers, 3 min intervall:200 * 20 = 4000pass./h Examples: decisivefor apubliccriteriatransport system

Passenger per direction and hour 10000 2000 4000 6000 8000 0 0 transportcapacity 10 Tram Bus 20 Average Traveling Speed km/h Speed Traveling Average LRV versus envisaged 30 Metro 40 Train Commuter averagetravellingspeed 50 60 70 are

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 15 Mandalay’s need model is best for which transportation Determining

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 16 Added advantage of a tramway system of advantage Added system? tramway Why a Energy EfficiencyEnergy ride quiet and the comfortable enjoy and Satisfaction Passenger time. same the at moving cars to 175 isequivalent tram one through Transport Capacity maintenance is significantly lower. significantly is maintenance costincluding system overall 30years, of period bus systembutover a is higherthanthe for atramway costs operating Low passenger for similar tobussystem compared when energy the half of and cars to compared when – – A1/5 consumes tram – The number of people transported transported number ofpeople The Even though the capital expenditure capital the though Even – Passengers face no trafficface hassle Passengers th of theenergy kms .

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 17 Why a tramway overWhy BRT? when compared when compared to BRT and exhales 1/30 either through electricity or through batteries Environmental friendly bumpier and have loud engine noises. compared as to bus are buses much more Comfort platform at everystation. where as in BRT, there needs to a raised with floors as low300 as mm above ground Accessibility BRT is 150 which passengers per vehicle passengers per vehicle when compared to a Capacity Lanes) which occupies 14m 7m road of the compared width as to BRT (2 Physical footprint – – have higher ride comfort Tram can carry – Easily accessible Easily accessible passengersfor th – of the of the carbon emissions A tramway system occupies – Trams running are upto 400

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PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 19 The FLEXITY family Bombardier is leading the market The BOMARDIER LRV ...... 9 1 FLEXITY FLEXITY FLEXITY Freedom FLEXITY FLEXITY FLEXITY Outlook Palermo, Marseilles, Krefeld, Contracts e.g. Berlin, in Augsburg, Step less passenger compartment 100% floor low(STLF100) trams FLEXITY (STLF100) BOMBARDIER BOMBARDIER Swift 2 Berlin Tram Trams ...... – FLEXITY Dortmund, Dresden or Adelaide Contracts e.g. in Frankfurt, passenger doors with low 70% low FLEXITY (STLF70) PRODUCT PORTFOLIO and and 2,65m Vehicle width 2,3m between stops ~400m Average 350mm Entrance height 200mm and 12m 18m Smallest Integrated BOMBARDIER BOMBARDIER - - floor entrances entrances floor all at floor trams trams floor (STLF70) Classic Trams distance distance between curve curve into urban urban into traffic radii between radii – ...... FLEXITY (CTLF/CTHF/TT) Light RailVehicles Light RailVehicles FLEXITY FLEXITY Link & 2 FLEXITY &HF SwiftLF or Bursa (K5000), Manchester, Frankfurt contracts CTHF e.g. in Cologne Karlsruhe (Tram Train) Cologne, Stockholm, Porto or CTLF contracts e.g. in System vehicles) vehicles and Tram Trains (2 high Low Vehicle width 2,65m Stop 900mm > Entrance height CTHFvehicles vehicles Entrance height CTLFand TT and 20m 25m Smallest curve radii Mainly segregated on tracks BOMBARDIER BOMBARDIER - - floor city floor tram (CTLF), floor floor tram city (CTHF) distances distances 400m > > 350mm - System between between - ...... Rotterdam Docklands, Vienna U6 Light Metros as e.g. Stop Stop > Entrance height vehicles to 14t) Light width Narrow and medium Europe Customized systems mainly 800mm BOMBARDIER BOMBARDIER Light Metros Light Metros distances distances 400m > and medium and medium axle loads (7 ( Light Light Metro 2,3 2,3 to 2,9m) London car car body - line, line, in

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 20 The Bombardier FLEXITY FLEXITY family Bombardier is leading the market The BOMARDIER LRV 0 2 FLEXITY (STLF100) BOMBARDIER BOMBARDIER Trams . . . . . – FLEXITY (STLF70) PRODUCT PORTFOLIO and and 2,65m Vehicle width 2,3m between stops ~400m Average distance 350mm Entrance height 200mm and 12m 18m Smallest Integrated BOMBARDIER BOMBARDIER Trams curve curve into urban urban into traffic radii radii between between between – ...... FLEXITY (CTLF/CTHF/TT) Light RailVehicles Light RailVehicles Vehicle Vehicle width 2,65m Stop 900mm > Entrance height CTHFvehicles vehicles Entrance height CTLFand TT and 20m 25m Smallest curve between radii Mainly segregated on tracks BOMBARDIER BOMBARDIER distances distances > 350mm > 400m > . . . . . Stop Stop > Entrance height vehicles to 14t) Light width Narrow and medium Europe Customized systems mainly 800mm BOMBARDIER BOMBARDIER Light Metros Light Metros distances distances > and medium and medium axle loads (7 ( Light Light Metro 2,3 2,3 to 2,9m) 400m car car body in

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 21 BOMBARDIER 21 . features: project Some Start of service: size: Order Type: Passengers/yr.: Network: Operator: . . . Revenue service started on July 1, 2012 1, on July started service Revenue 2011 8, Blackpool September Rollout in on desk drivers new Innovative re and improved Further . . . Interior Bogies Carbody concept andcrash concept 2012 (2009) 16 vehicles BOMBARDIER 6,5 million 1line 18 km, F LEXITY LEXITY - arranged technologies technologies arranged - safety 2 Blackpool(United Kingdom) FLEXITY 2

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 22 BOMBARDIER 22 Multi traction traction Multi operation Multifunctional areas Buffer load Maximum axleload (4 p/m²) Standees(4 p/m²) Seats Maximum speed Entrance height Gauge Width Length Feature F LEXITY km/h Unit mm mm mm mm kN t 2 Blackpool(United Kingdom) 32 200 1 435 2 650 Data 400 148 320 9,6 no 74 70 2

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 23 FLEXITY Blackpool

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 24 Innenraumimpressionen, Innenraumimpressionen, Interieur 24 Multifunktionsbereich FLEXITY Blackpool

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 25 Innenraumimpressionen, Innenraumimpressionen, Interieur 25 Fahrerstand FLEXITY Blackpool

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 26 Extreme climatic service conditionsatCoast East Australia‘s climatic Extreme service BOMBARDIER 26 . . features: project Some Start of service: size: Order Type: City: Network: Operator: . multifunctional area (see picture) (see area multifunctional inside vehicle at surfboards for racks Storage climatic conditions Extra project Greenfield  vehicle within one minute Complete air - large large extreme for Conditioning Air system - exchange cycle of volume inside the 2014 (2011)14 vehicles BOMBARDIER Goldcoast 1line 13 km, GoldlinQ – F no tram system before system no tram LEXITY (AUS) 2 Gold Coast (Australia) FLEXITY 2

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 27 Extreme climatic service conditionsatCoast East Australia‘s climatic Extreme service BOMBARDIER 27 Multi traction traction Multi operation Multifunctional areas Buffer load Maximum axleload (4 p/m²) Standees(4 p/m²) Seats Maximum speed Entrance height Gauge Width Length Feature F LEXITY km/h Unit mm mm mm mm kN t 2 Gold Coast (Australia) 43 424 1 435 2 650 Data 12,5 400 223 330 no 80 70 2

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved. 28 Goldcoast

PRIVATE AND CONFIDENTIAL © Bombardier Inc. or its subsidiaries. All rights reserved.