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Audit Report on Accounting (Financial) Statements of “MB Technologies” Limited Liability Company for 2013

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Audit Report on Accounting (Financial) Statements of “MB Technologies” Limited Liability Company for 2013 Audit Report on Accounting (Financial) Statements of “MB Technologies” Limited Liability Company for 2013 March 2014 Audit Report — “MB Technologies” LLC Table of Contents Page Independent Auditor’s Report 3 Appendices 1. Accounting (Financial) Statements of "MB Technologies" LLC for 2013: Accounting Balance Sheet as of December 31, 2013 5 Financial Results Statement for 2013 7 Schedules to the Accounting Balance Sheet and Financial Results Statement 9 EY 2 EY CJSC Ernst & Young Vneshaudit: Building a better Sadovnicheskaya Nab., 77, bid. l working world Moscow, 115035, Russia Tel: +7(495)705 9700 +7 (495)755 9700 Fax: +7 (495) 755 9701 www.ey.com/ru OKPO (All-Russian Classifier of Businesses and Organizations): 00139790 Independent Auditor’s Report To: the Sole Member of "MB Technologies" Limited Liability Company We audited the enclosed accounting (financial) statements of "MB Technologies" Limited Liability Company (hereinafter — "MB Technologies" LLC) consisting of the Accounting Balance Sheet as of December 31, 2013, Financial Results Statement for 2013 and schedules thereto. Liability of the Entity under Audit for Accounting (Financial) Statements The headship of "MB Technologies" LLC shall be liable for preparation and authenticity of the specified accounting (financial) statements in accordance with the rules for preparation of the accounting (financial) statements established in the Russian Federation and for the internal control system necessary for preparation of the accounting (financial) statements not containing material misstatements due to fraud actions or errors. Auditor’s Liability Our liability consists in expressing of the opinion on reliability of these statements on the basis of our audit. We conducted the audit in accordance with Federal Standards of Auditing Activities applied in the Russian Federation and International Auditing Standards. These standards require that the applied ethics norms be complied with, as well as that the audit be planned and conducted so as to provide reasonable assurance the accounting (financial) statements do not contain any substantial misstatements. Auditing shall include conducting of the auditing procedures aimed at obtaining of audit evidences confirming the numeric indicators contained in the accounting (financial) statements and the information disclosed in it. Configuration of the auditing procedures is the subject of the auditor’s opinion, which is based on the risk assessment of material misstatements in the accounting (financial) statements made due to fraud or errors. In the process of this risk assessment, the Auditor regards the internal control system, which ensures preparation and reliability of the accounting (financial) statements in order to select an appropriate set of auditing procedures, but not in order to A member firm of Ernst & Young Global Limited 3 express an opinion on the internal control system efficiency. Auditing shall also include assessment of proper nature of the applied accounting policy and reasonability of the assessment indicators obtained by the headship, as well as assessment of the accounting (financial) statements submission as a whole. We believe that the audit evidences found by us constitute sufficient and proper basis for expressing our opinion. Opinion In our opinion, the accounting (financial) statements reliably represent the financial state of "MB Technologies" LLC in all material respects as of December 31, 2013, the results of its financial an economic activity and cash flows for 2013 in accordance with the rules for the accounting (financial) statements preparation established in the Russian Federation. Important Circumstances Leaving the opinion on the accounting statements reliability unchanged, we draw your attention to the information set forth in clause 3 of Material Financial Information Disclosure of the Textual Notes to Accounting Statements, namely, the fact that upon Resolution of the Sole Member dated April 03, 2013 "MB Technologies" LLC was reorganized on August 14, 2013 by absorption of Technical Centre RTS OOO with simultaneous change of its business name. The Company changed its name from E-Stock Company Ltd. to "MB Technologies" LLC. Miscellaneous The enclosed accounting (financial) statements are not intended to represent the financial position and activity results in accordance with accounting principles or methods generally accepted in the countries and other territories other than Russian Federation. Respectively, the enclosed accounting (financial) statements are not intended for the persons unfamiliar with accounting principles, procedures and methods accepted in the Russian Federation. (signed) E. V. Zaichikova Partner of CJSC Ernst & Young Vneshaudit March 25, 2014 Information of Entity under Audit Name: "MB Technologies" Limited Liability Company The record is made to the Unified State Register of Legal Entities on August 14, 2013 under Primary State Registration Number (OGRN) 1027700407624. Location: 13 Bolshoy Kislovskiy Pereulok, Moscow, Russia, 125009. A member firm of Ernst & Young Global Limited 4 Information of Auditor Name: CJSC Ernst & Young Vneshaudit The record is made to the Unified State Register of Legal Entities on September 16, 2002 under Primary State Registration Number (OGRN) 1027739199333. Location: 77 Sadovnicheskaya Naberezhnaya, bld. 1, Moscow, Russia, 115035. CJSC Ernst & Young Vneshaudit is a member of Non-profit partnership «Audit Chamber of Russia» (NP ACR). CJSC Ernst & Young Vneshaudit is registered in the Register of NP ACR Auditors and Audit Organizations under No. 3027, and included into the reference copy of the Register of Auditors and Audit Organizations under record’s primary registration number 10301017410. A member firm of Ernst & Young Global Limited 5 Balance Sheet as of December 31, 2013 CODES Form according to OKUD (All- 0710001 Russian Classifier of Administrative Documentation) Date (date, month, year) 31 12 2013 Organization "MB Technologies" according to OKPO (All-Russian 56721295 Limited Liability Company Classifier of Businesses and Organizations) Taxpayer Identification Number INN (Taxpayer Identification 7708169790 Number) Type of Activity in development according to OKVED (All-Russian 72.40 economic and using of databases and Classifier of Types of Economic activity information resources Activities) Form of form of ownership according to OKOPF (All-Russian 65 41 incorporation Classifier of Forms of Limited Mixed Russian ownership Incorporation)/OKFS (All-Russian Liability with a federal equity Classifier of Forms of Ownership) Company interest Unit of thousand roubles according to OKEI (All-Russian 384 measurement Classifier of Units of Measurement) Location 13 Bolshoy Kislvskiy Pereulok, Moscow, 125009 (address) Clarifi Indicator Code As of As of As of cation December 31, December 31, December 31, 2013 2012 2011 ASSETS I. NON-CURRENT ASSETS 1 Intangible assets 1110 6,546 6,932 7,447 Research and development results 1120 - - - Intangible research assets 1130 - - - Tangible research assets 1140 - - - 2 Property, plant and equipment 1150 26,073 15 310 Income-bearing investments in tangible 1160 - - - assets 3 Financial investments 1170 300 300 300 Deferred tax assets 1180 224 1,461 4,232 Other non-current assets 1190 1,455 2,552 4,003 Total for Section I 1100 34,598 11,260 16,292 II. CURRENT ASSETS 4 Inventory stock 1210 372 535 537 6 including: Materials 12101 372 - 2 Goods 12102 - 535 535 Value Added Tax on assets purchased 1220 90 309 309 5 Accounts receivable 1230 30,225 9,682 2,949 3 Financial investments (exclusive of cash 1240 50,000 11,000 6,000 equivalents) including: Deposit accounts 12401 50,000 11,000 6,000 Cash and cash equivalents 1250 87,862 9,530 2,176 including: Settlement accounts 12501 6,290 891 606 Other special accounts 12502 81,572 8,639 1,570 Other current assets 1260 - 94 73 including: VAT on advance payments and 12601 - 94 73 prepayments Deferred expenses 12602 - - - Estimated liabilities 12603 - - - Total for Section II 1200 168,549 31,150 12,044 BALANCE 1600 203,147 42,410 28,336 Form 0710001 p. 2 Clarifi Indicator Code As of As of As of cation December 31, December 31, December 31, 2013 2012 2011 LIABILITIES III. CAPITAL AND RESERVES Authorized capital (share capital, 1310 55,372 26,393 26,393 statutory fund, contributions of partners) Treasury shares 1320 - - - Revaluation of non-current assets 1340 - - - Capital surplus (without revaluation) 1350 2,672 311 311 Reserve capital 1360 - - - Retained earnings (uncovered loss) 1370 66,806 3,897 (3,041) Total for Section III 1300 124,850 30,601 23,663 IV. NON-CURRENT LIABILITIES Borrowings 1410 - - - Deferred tax liabilities 1420 719 7 7 Estimated liabilities 1430 - - - Other liabilities 1450 - - - 7 Total for Section IV 1400 719 7 7 V. CURRENT LIABILITIES Borrowings 1510 - - - 5 including: Accounts payable 1520 56,239 6,229 3,202 Unearned revenue 1530 - - - 7 Estimated liabilities 1540 21,339 5,573 1,464 Other liabilities 1550 - - - Total for Section V 1500 77,578 11,802 4,666 BALANCE 1700 203,147 42,410 28,336 Head Officer (signed) Sergei Vladimirovich Sheliagin (signature) (printed name) Seal: LIMITED LIABILITY COMPANY * OGRN (Primary State Registration Number) 1027700407624 * MOSCOW * * MB Technologies * March 25, 2014 (signed) 8 Financial Results Statement for January—December 2013 CODES Form according to 0710002 OKUD Date (date, month, 31 12 2013 year) Organization "MB Technologies" Limited according to OKPO 56721295 Liability Company Taxpayer Identification Number
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