professionalism and innovation dynamism and consistency

www.pacointernational.com Contents

History 03 Airport works 23 Mission and vision 05 Civil and other works 24 Our qualification and services 07 Other projects 25 Quality management systems 09 Maintenance works during winter time 27 Corporate manpower resources 11 Maintenance works during summer time 28

y

Corporate machinery & equipment 13 Production bases 27 a w r o Infrastructure projects 15 Clients’ recognition 31 t o M

Social responsability 33 v o s a r B

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t s e r a h c u B

: o t o h P Pages 03 - 04 History

Pa&Co International SRL is a completely Romanian private capital company. It was founded in The expansion of the company in the 20 years of activity was made through permanent 1990 by Paulina and Costel Casuneanu who used for the development foundation the investment of the profit and through respecting the European principles of durable development QUALITY, the INNOVATION and the RESPONSIBILITY. These values were also assumed by by means of rational exploit of resources. Pa&Co International was permanently preoccupied by Costel and Ionut Casuneanu their two sons who are now actively involved in Pa&Co the protection of environment. The means of transportation were and are fitted with euro 3 and International management. euro 4 systems, wood processing equipments as well as stations for asphalt mixtures and concrete production are environmental friendly Pa&Co International is founded. The company obtains the license for international road 1990 transport. The main destinations are: Germany, Austria, Holland, France, Sweden, Norway, Greece.

Pa&Co International becomes a member of an international network compound of expedition 1991 houses, importers, exporters and producers in European Union. 1992 Pa&Co International is starting up the investment in new trucks of German and Swedish origin The transportation fleet is the first in European Union using the EUTELTRACS system for tracing 1993 the trucks by satellite. Trucks can be easily identified in traffic and the connection with the driver is permanent.

Pa&Co International invests over 30 millions dollars in construction of the first Romanian private 1995 triple-layered parquet factory. The parquet factory begins to produce. Over a million of square meters of triple-layered parquet 1997 are yearly exported in a chain of over 900 stores in European Union. The company was owning over 250 trucks, being the main international transport company in 1998 Romania The company invests over 40 millions of dollars in developing the division of civil and industrial 1999 constructions. It begins the construction of panel factory and wooden doors and windows factory in Radeana, county of Bacau.

The Division of construction, repairs and maintenance of roads and bridges is designed as 2000 incorporate system so that Pa&Co International is able to guarantee for the quality of its works. Significant investments are made for endowment with stations for concrete production, asphalt mixing production and asphalt emulsions, equipments for layout and finishing, high performance labs.

The triple-layered parquet factory starts to use, a premiere in the South-East of Europe, the 2001 patent of “click” system to catch the parquet plates without adhesive.

Pa&Co International is awarded, as a premiere, an international bid for the construction of 2006 Bucuresti – Brasov motorway, the section Moara Vlasiei – Ploiesti. The company invests over 30 millions euro in equipments and technologies of latest generation 2009 for construction and repair of roads and bridges. By the same time starts the partnership Pa&Co International – OMV. The company is the only one in Romania approved to lay out the bitumen modified with polymers produced by OMV. e g a s

Are successfully finalized the construction works of Ploiesti West ring road with a length of 14.8 s a P

km and motorway profile. Start up the works at underground passageway “Stefan Gusa” in

2010 a r

Bacau city, a complex work consisting of under passage of 14 railways on a length of 300 e p i P

meters. -

T S Pa&Co International is building the underground passageway “Pipera” in Bucharest with a E R A

length of 900 meters on columns drilled at 12 meters. Also are finalized the works at DJ208 H

2011 C

border of county Iasi – the border of county Suceava investment financed with European Union U B

: o t o h P Pages 05 - 06

Mission Vision

Quality. Responsibility. Innovation. These are the A life without risks is what we are thinking of when In our vision, the development of Pa&Co International values we built our development and our mission on we repair, asphalt or build roads. As transporters we means services and products complying with most and the QUALITY of services, products and people knew that the safety of our services may offer to the severe conditions of European rules and norms or who crossed their way with our company became the customers the comfort to develop their businesses. any other civilized state in any corner of the world. main value of our group culture. The wide range of wooden products, massif parquet, panels, doors and windows did also Pa&Co International brand means a permanent care

The increasing of individual’s life quality represented consider, beside the economical reasons, our for quality, the main resort of company’s policy but y the mission of our company and retrieved in the concernment to make the life of people as more also an incorporated view over the role of different a w r o products and services offered. The man and his life agreeable as possible. Our concern for people and divisions so that the stability of company not to be t o M

quality are essential for the way we do business. The the quality of their life is also retrievable in the influenced by the internal or external evolution on the v o

individual and his comfort were the focus of our technologies and machineries we use with the help markets. s a r

attention when we elaborated the company’s of which we are trying not to disturb the nature’s B

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strategies and the investment policies. equilibrium. t s e r a h c u B

: o t o h P Pages 07 - 08

Our calification and services

1. Raw materials and production a. Raw material: extraction: ballast, sand, stone; processing: crushing, sorting, washing. b. Production concrete; cold emulsion; asphaltic mixture; special mixture; precast concrete units.

2. Construction 4. International a. Infrastructure construction roads and highways; airport surfaces; Transport of goods road structure (bridges, culverts, a. International Transport ditches, passage ways, viaducts, shore Alimentary and non alimentary products, transport of protections). flammable substances, special transports other b. Civil and industrial buildings: transport services offices buildings, company head offices,houses;

3. Maintenance works 5. Wood Processing Pa&Co International developed a maintenance works a. Parquet factory, panel factory, doors and program for summer time as well as for winter time. windows factory; With its machineries, Pa&Co International is able to provide the best services for this kind of activities b. Industrial plank, building ground, fittings and utilities.

d a o r

g n i r

t s e W

I T S E I O L P

: o t o h P Pages 09 - 10

Quality management systems

The quality of products and services were the basis Most importance is granted, however, to the of the consolidation on the market of Pa&Co employees, to their safety and to increase their life International brand. Ensuring and improving the quality standards. Pa&Co has implemented social represents one of the main values of our organization, responsibility system, which has obtained around which the development was thought. certification according to international standards.

Pa&Co International has implemented an Integrated The quality of our infrastructure works is provided System of Quality Management – Environment – through an integrated follow-up system, which Health and Work Safety – Energy. All processes are starts from checking the quality of materials and raw so designed as to ensure the quality parameters of materials, up to how to achieve various asphalt or products or services, in terms of environmental concrete mixing. This way, we can be responsible protection and with efficient management of for the quality of our works. Pa&Co International resources. Pa&Co International’s quality has been disposes of an advanced laboratory, certified by the e recognized by ISO 9001, 14001, 16001 and 18001. State Inspectorate in Construction, with working s a b

points on all sites where we carry out works. i t s e s a t r a T

: o t o h P Pages 11 - 12 Corporate manpower resources

Total corporate resources

Human resource was and still is considered the most Training sessions and qualification courses have Type No. of Type No. of important capital of the company, and seriousness enabled an effective management of human and tradition were the basis of the personnel policy of resources within the company, including relocation of 1. Management (HR, Financial Admin.) 28 10. Welders 25 Pa&Co International. Care for our people was always staff from one division to another as needed. the first priority. 2. Engineers 62 11. Skilled labors 210 Pa&Co International has specialists with high Over 1,200 employees worked, throughout time, in expertise and experience, ready to find the best 3. Mechanical technicians 30 12. Unskilled labors 52 wood processing factories, in construction or in solutions to solve any project, at quality standards for international transport. Creating optimum working any client from the European Union. 4. Mechanical foremen 18 13. Drivers 247 conditions, continuous training and careful selection allow us to talk today about a stable and loyal staff to 5. Technical foremen 15 14. Operators 120 the company.

6. Electricians 20 15. Guards 30 t

s e r a

For us it is a pride and responsibility to have 7. Laboratory technicians 18 16. Blacksmith concreters 25 h c

employees who have identified their existence with u B

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the one of Pa&Co International, since its 8. Surveyors 15 17. Carpenters 20 y establishment in the early 90s and that there are a w -

9. Plumbers 30 18. Safety officer 15 e

families that passed from one generation to another v i r d

the tradition of working in our organization i

19. Support / Others 45 e t i n e t l O

: o t o h P equipment r Corporate machinery& specialists ser International andthehighprofessionalism ofour Equipment, toolsandtechnologies ownedbyPa&Co any fieldofactivitythatweconsidered. company anditallowedaprofessionalapproachof been oneofthepillarsdevelopment world market.Permanentreinvestmentofprofitshas modern equipmentandtechnologyavailableonthe International inthe20yearsofexistence,most Over 120milliondollarswereinvestedbyPa&Co superstructure. civil andindustrialengineering, infrastructureand ve tocoverawiderangeofworks in esour International. V companies inGermany-Mercedes Benz,MANand and maintenanceofcarsisdonebyspecialized and Euro4systems,toreduceemissions.Ser Our fleetisequipped,atarateof80%,withEuro3 renewed. specialized trucksandcarsitisconstantly The fleetofPa&CoInternationalhasover480 olvo -andtheser ces vices ownedbyPa&Co vice Corporate machineryinnumbers R L B E G M T T D R S A C o r o x s o u a o r o e r o i w c a a p l w l l r n n l l b l t T i d d e a d h n e i c c i n ype v r o l e e m a g r e h r g a e r c z r l c e t a t m e c t o s o r r e m t r a r e m t r a a a n m i r c x n p i t e a i i h e o i n a x l i n g c n i b n t e r g p o e r l a a p k n l a e t n r t No. of 21 18 10 12 5 2 4 1 1 2 2 2 5 B B T Wa F B C C U T A A A a r u s s s u r i n e o u t e r e u p p p s i r m c n t m i T i l m n s e h h h n k c ype t e e i r a a a o g s a r n e n e s l l l g t n t t t g n a m t t k e c f r n t i o t n a r u a k u p l c i l t n s e c t u h e h k r k m i r e n c p r e o m p a c t o r No. of 187 11 13 18 10 26 2 5 6 2 4 1 3 P a g e s 1 3 - 1 4

Photo: Bucharest – Brasov Motorway Infrastructur ser Pa&Co Internationalcoversthewholerangeof throughout theexecution. where therequiredqualityparameters arefollowed emulsions, andalsowithadvanced laboratories plants forproductionofasphalt mixturesandasphalt with theprovisionofconcrete productionplants, quality ofourwork.Thecompany wasconcerned integrated system,sothatwecanvouchforthe of roadsandbridgessectorwasdesignedinan Development ofthebuilding,repairandmaintenance of ourspecialists. machiner boasts over35millioneuro,amountfoundin International investmentsintheextensiondivision infrastructure andsuperstructureexecution.Pa&Co vices forcivilandindustrialconstructions, y andtechnologiescontinuoustraining e pr h t O c c w D e a t B i a r F n e h e n s i o o o q u i g o u c e q v l p d n n r u i a h r r e h l u d k h s s m i e b w p c r n t i s t u a i r s h a o n r o m o e o a l i m u c e o t r f g m m l s y i a o e c h c c ojects a e t s a t D g n t p e a n c o r i i c w o m y a t n t a i d u r v n q i i n o o n h t n e r n i p e s u s r c . d r n a y s e e , o k e i i o o s d . c d , h a r a d t i n n t h t e a n d i a l s i r c e s e o s p s d o n e r i d i n s m n e o t p f s t i a h n t r p t P f e o u t e o t i r e e c e e n f a y l r t l r r m c i d u a & a d m n e m f i o n n d i C a c a i n o x o s e r w v l s r g o t i f s e a s o t u e o a h t a a t n o u I r d y f s n e e c m s c n s s q t s t e c e e e l c . i y o u t v , d o l d r h o a d i a n a w t m e n b y c e l a t n i i e t s o o t p r t c y a o h n i c t r o m l u l r f e a y a h u n i e s t n t z x p n n c h e a q t e i c d e t o o t e l y u d i r r t o m l r e e o i s i e c t o p n a a i c g a e v p o f m f s i f i e r o t p m r e t e ’ e e e h s e n f e s t r d p s e y n e r w s o e a a t s i a n a o n n n s a r d d f t y . n d s s d s , P a g e s

1 5 -

1 6 Photo: Ploiesti West ring Pages 17 - 18

Asphalt works

Pa&Co International has an experience of over ten years in Asphalt mixtures infrastructure construction, county, national road, motorways and airport surfaces. In our portfolio are over 1,000 kilometers of asphalt runways. The quality of works is proven by the fact that our works Pa&Co International spreads asphalt mixtures on different surfaces in infrastructure had never requested interventions in the warranty period and also projects it develops. The mixtures are above. We own the best unpollutant technologies and the latest manufactured in the company's performance equipment, and Pa&Co specialists can provide technical solutions stations, fitted with dosing additives, asphalt and works of high complexity. fluxes and fibers used. The automated control of manufacturing flow from these stations provides careful compliance with the dosages specified in the mix designs. The mix designs are developed by the Central Laboratory from Pa&Co International, grade II approved Stabilized ballast laboratory for all types of asphalt mixtures used in bituminous pavements execution: Pa&Co International lays stabilized ballast: - Asphalt mixtures prepared with simple bitumen for the execution of the base layer, 1. In situ; binding or wear layer for roads, motorways and 2. With plant production and asphalt other ways of road communication; paver. - Asphalt mixtures prepared with additives bitumen for the execution of the base Our company owns technical resources to layer, binding or wear layer on roads, lay stabilized ballast in situ for motorways and motorways and other ways of road communication; national roads with a capacity of 500 cubic Asphalt mixtures prepared with modified meters per hour. bitumen for the execution of binding or wear layer for roads, motorways, rally tracks, airport Modernization of Ploiesti West Ring Road runways and other ways of road involved an expansion from two to four lanes communication; of the runway on a lenght of 12.5 kilometers. - Asphalt mixtures prepared with fiber It was effectuated by laying stabilized ballast and simple modified bitumen for the execution of wear layer for roads, motorways, rally tracks, in situ. airport runways and other ways of road communication; Pa&Co International lays also stabilized - Asphalt mixtures for bridge lane, ballast produced in plant. For the works to

prepared with simple, additives, modified or Moara Vlasiei – Ploiesti motorway section, y fiber added bitumen; from the A3 Bucuresti – Brasov motorway, a w r o - Asphalt mixtures prepared with the engineer has chosen stabilized ballast in t colored bitumen for the execution of the o M

plant and layed with the laying kit. For this colored bituminous coats; v o

complex work our company purchased a s

- Storable asphalt mixtures prepared a r

plant with a capacity of 2,400 cubic meters B with bitumen and asphalt flux, for the execution –

of bituminous coats repair during winter time. stabilized ballast per hour. t s e r a h c u B

: o t o h P k P M B m k P ( M B a u k m Project Name o a u m o & c a & c 3 h C 1 r a 1 a a 9 o 3 + r h C + V Infrastructur e I 7 r n l 5 s a 1 7 t t 0 a a s e 5 – o 0 i r e n + – B i re – a – r k t V k a i m o 7 P I m s n l o n o s l 4 a 6 v i 7 l a 6 e 2 A p s t + t + e t 3 5 5 i s e 0 r 0 f M 0 o – 0 i 0 r r o m e ) – t o n a B r n w i c a a k e y – r , s t m a s e i e g P c o m s t i e o n n o n l 4 t o : at CompletionUSD a v 6 V i alue ofContract 138.000.000 e l + A p s 5 3 t e 0 i r e pr M 0 ( f k o o m r Novermber 2006 t m Starting Date o Contract 1 a r 9 ojects w n + c a f o d o k 4 M t I O n e h i f v r 6 l t 5 n n e o o a e e h + e y e c a i m r r n i B 5 g n e r 0 a o 2 a e u 0 , h a s g f 2 t c t . w 0 V e i e s t o h 0 h ) m l r a s . a Partner inJV s a n d e y s T e r e a i a contract e t i g h o t Role in e l e c n e s r e s v i – h e d r t g e p – s e w a – c r e . w s t P o 5 c P B m i c l w k l r o i 0 l t r r a k h o a i p i l e l a f i i l h v s s r e m s l o l i o o l a t e s e e e t s v s i v i a t n o i ( d i d k b g h a s n n n e m i e e g f t l o i e s h t 6 n a h w f n 3 e t a w f p u g e o 1 RNCMNR l Employer l c : 2 a s r y e t r + o h o y e n P 7 t t , n f o e o u a 7 + t s s c h f & l a 8 e t t e 1 r w C i c u o s - 0 4 i t t c o e d n i w k . o t 7 c t m i a n o h o 0 t i n n o o d n f o 0 f ) P R P l Project Name l o o o a i e d s i t i e We s s t t R i i n g W e s t r i n g ro at CompletionUSD V a alue ofContract 39.573.168 d November 2007 Starting Date Contract t o r d b R o f k P o h i n i n n o i l o l t o e u o g u e e u l i r l m e m i c b n r o o l s a o a e l g e e f f t n p a t i n s t w e l e d i h We a t , r s a h t e Sole Contractor y s h a h l i e . c a e n a m i contract s n r Role in h n s t v l a i o d i s f r w o l a e s t i n e m l e t i v p t g o r x h e t n a r r f e d o a r d a m t c o f n h t e i e u a i l o s v e e x t d o e r i i t t o e r o e f e o w t n f d p n e t a h i a o d t c o d a h a l h i f h , y n c n n a f m i P g c g i v o 1 RNCMNR Employer e l l h e e o e f l 5 o s r w r n i o e p s g r m g a m s a a y P r t y t i o o s h l i a t w t s a d h a We w g o a a n d a i e f o f g i y d t s s e 1 s e

t d l f i 1 i o 2 t s t n r o 9 , , i e s 8 m s - . 2 0

Photo: Ploiesti West ring road Pages 21 - 22

Bridges & passageways

A3 motorway passageways Pipera passageway

A representative work in Pa&Co International The construction of A3 Bucuresti-Brasov motorway, Two bridges have been built on the motorway: portfolio is the Pipera Passageway in Moara Vlasiei-Ploiesti section, between km 19 +500 Bucharest city, a work of high complexity. - km 62+000, involved the construction of seven 1. Bridge from km 31+864 (over Ialomita river) with passages over the motorway, with concrete a length of 171 meters: - Total lenght of the work: 1,658 meters infrastructure and openings between 14 and 21 - 1080 millimeters diameter columns; - Lenght of above-ground passageway: meters. - Reinforced concrete foundation; 474meters - Elevations of reinforced concrete; - Number of openings: 18 Ÿ The passages lies down up to 70 meters in - Superstructure with metal deck and concrete - Maximum opening width: 30 meters length. slabs; - Foundations on Benotto columns: 4,998 Ÿ The Passage from km 34+385 -Runway with a - The bridge has three spans. meters width of 7 metres - Number of beams/opening: 12 Ÿ Passage from km 37+001 - Runway with a width 2. Bridge from km 31+864 (over Prahova river) with - Lenght of ramps: 216 meters of 7.8 meters a total length of 145 meters: - Asphalt surface: 45,000 square meters Ÿ Passage from km 43+053 - Runway with a width - Columns of 1080 millimeters; - Walkway surface : 20,000 sqare meters. of 7 meters - Reinforced concrete foundation; Ÿ Passage from km 45 +100 - Runway with a - Elevations of reinforced concrete; width of 7 meters - Superstructure with metal deck and concrete Ÿ Passage from km 46+900 - Runway with a width slabs; y

a y w of 7 meters - The bridge has three spans. a e w g Ÿ r a

Passage from km 48+100 - Runway with a width o t s s o

of 7 meters a M P

v a o r s e a p r Every passage has two sidewalks of 1.5 meters i B P

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each t t s s e e r r a a h h c c u u B B

: : o o t t o o h h P P Pages 23 - 24

Infrastructure projects

Project Name Value of Contract at Contract Role in Employer Project Name Value of Contract at Contract Role in Employer Completion USD Starting Date contract Completion USD Starting Date contract

109.721 Regional Management for 146.599 Regional Management for National Road 15D, km 114+000 - 118+000 2000-04 Sole Contactor Roads and Bridges IASI National Road 11 km 90+400 - 90+450 2003-07 Sole Contactor Roads and Bridges IASI 175.350 Regional Management for 1.020.608 National Road 15D, km 121+000 - 127+500 2000-05 Sole Contactor Roads and Bridges IASI Communal Road 127, Casin - Curita 2003-07 Sole Contactor The Council of Casin Commune

National Road 24D, km 151+850 - 171+000 801.340 2000-05 Sole Contactor Regional Management for County Road 294, km 0+000 - 5+550, DN 28B - Gulioaia 119.514 2003-08 Sole Contactor County Public Management Roads and Bridges IASI for Roads BOTOSANI National Road 2E, km 0+000 - 30+400 1.792.088 2001-03 Sole Contactor Regional Management for County Road 208H, km 12+600 - 19+210 135.714 2003-08 Sole Contactor County Public Management Roads and Bridges IASI for Roads BOTOSANI 1.023.761 Regional Management for 11.800.779 Regional Management for National Road 12A, km 47+731 - 68+000 2001-03 Sole Contactor Roads and Bridges IASI National Road 2G, km 3+891 - 55+400 2003-08 Sole Contactor Roads and Bridges IASI 930.05 Regional Management for 18.835.325 NR 12A, km 93+845-100+870, km 104+705-114+600 2001-05 Sole Contactor Roads and Bridges IASI National Road 15B Poiana Largului - Tg. Neamt 2003-10 Sole Contactor RNCMNR S.A.

National Road 11 km 125+550 - 126+700 103.491 2001-1 Sole Contactor City Hall of ONESTI municipality National Road 15 Toplita - Poiana Largului 29.059.351 2003-10 Sole Contactor RNCMNR S.A.

National Road 11 km 127+200 - 128+300 279.320 2002-05 Sole Contactor City Hall of ONESTI municipality Communal Road 149, km 3+700 - 9+500 1.139.739 2003-11 Sole Contactor The Council of Dofteana Commune 342.678 Regional Management for 26.703.297 Bridge consolidation on National Road 12A km 112+215 2002-05 Sole Contactor Roads and Bridges IASI National Road 15 Piatra Neamt – Bacau 2003-11 Sole Contactor RNCMNR S.A.

National Road 11 km 128+760 - 129+600 178.058 2002-06 Sole Contactor City Hall of ONESTI municipality National Road 12B Tg. Ocna - Slanic Moldova 3.418.751 2004-04 Sole Contactor RNCMNR S.A.

174.585 Regional Management for 228.656 National Road 11 km 99+500 - 99+550 2002-06 Sole Contactor Roads and Bridges IASI Locotenent Sion, Alexandru cel Bun, Maior Rosita, Victoriei streets 2004-07 Sole Contactor City Hall of Tg. Ocna 201.814 Regional Management for Crizantemelor, Tudor Vladimirescu, Strapungere Victoriei, 228.656 National Road 11 km 100+900 - 101+200 2002-06 Sole Contactor Roads and Bridges IASI Capitan Busila si Piateta Autogara streets 2004-07 Sole Contactor City Hall of Tg. Ocna 252.767 Regional Management for 690.625 National Road 11 km 107+400 - 107+500 2002-06 Sole Contactor Roads and Bridges IASI General Dascalescu street km 315+850 - 318+281 2004-08 Sole Contactor Publiserv Piatra Neamt Ltd 289.879 Regional Management for 111.062 Regional Management for National Road 11 km 111+ 500 - 111+ 600 2002-06 Sole Contactor Roads and Bridges IASI Road and bridges reconstruction on National Road 15, km 353+840 2004-08 Sole Contactor Roads and Bridges IASI 293.137 Regional Management for 76.025 Regional Management for National Road 11 km 92+400 - 92+700 2002-06 Sole Contactor Roads and Bridges IASI National Road 17 km 219+600 - 220+300 2005-06 Sole Contactor Roads and Bridges IASI

County Road 115 Onesti - M-rea Casin - Scutaru 1.006.823 2002-06 Sole Contactor County Public Management County Road 293 A km0+000-1+010 and km11+550 - km18+170 580.027 2005-06 Sole Contactor City Hall of for Roads BACAU Nicolae Balcescu commune 240.610 Regional Management for 165.197 National Road 15, km 325+650 - 345+100 2002-06 Sole Contactor Roads and Bridges IASI December 1st, 1918 street 2005-08 Sole Contactor Publiserv Piatra Neamt Ltd

NR 12A km 0+200- 116+600, Miercurea Ciuc- Onesti 4.669.687 2002-07 Sole Contactor RNCMNR S.A. Cetatea Neamtului Street 183.272 2005-08 Sole Contactor Publiserv Piatra Neamt Ltd

National Road 11 km 0+000 - 179+094 Brasov - Bacau 13.728.642 2002-07 Sole Contactor RNCMNR S.A. Fermelor street of 10.000 sqm surface 442.669 2005-08 Sole Contactor Publiserv Piatra Neamt Ltd

Forest road CFF Bucias transforming 72.495 The Forestry Department Streets and alleys in Maratei neighbourhood on 580.154 2002-08 Sole Contactor of BACAU county a 28,314 sqm surface 2005-08 Sole Contactor Publiserv Piatra Neamt Ltd Forest road Halosul Mic 116.520 The Forestry Department National Road 12 A, km 56+965-57+035, 63+870-64+090 1.177.338 Regional Management for 2002-08 Sole Contactor of BACAU county 2005-08 Sole Contactor Roads and Bridges IASI

Forest road Mâtu Lauru 373.396 2002-09 Sole Contactor The Forestry Department National Road 12 C, km 32+300-36+000, 54+010-54+090, 655.620 2005-08 Sole Contactor Regional Management for of BACAU county 54+760-54+890 Roads and Bridges IASI Forest road Pârâul Preutesei 379.533 The Forestry Department National Road 15, km 230+620-230+700, 227+943, 2002-10 Sole Contactor of BACAU county 655.620 Regional Management for 235+900-236+000, 237+200, 237+500, 282+645, 2005-08 Sole Contactor Roads and Bridges IASI 282+800, 287+062 Forest road CFF Coarnele Dobrele transforming 417.556 2002-10 Sole Contactor The Forestry Department of BACAU county National Road 11, km 90+080-90+090, 90+650-90+700, 1.989.009 Regional Management for 95+500-95+550, 106+800-106+900, 111+400-111+500, 2005-08 Sole Contactor Roads and Bridges IASI Streets maintenance works in Onesti Municipality 1.130.366 2003-05 Sole Contactor The City Hall of Onesti 112+150-112+450, 140+650-140

more then kilometers 1.000built Pages 25 - 26

Infrastructure projects

Project Name Value of Contract at Contract Role in Employer Project Name Value of Contract at Contract Role in Employer Completion USD Starting Date contract Completion USD Starting Date contract

National Road 12 A, km 47+050-47+150, 71+711-71+815, 388.801 2005-08 Sole Contactor Regional Management for National Road 12A, km 74+400 – 114+600 16.793.730 2008-05 Sole Contactor Regional Management for 100+100-100+150, bridge at km 101+335 Roads and Bridges IASI Roads and Bridges IASI National Road 12 B, km 2+150-2+920, 3+000-3+090, County Road 116, Birsanesti (NR11) – Tg. Ocna 4.203.156 County Public Management 805.860 Regional Management for 2008-05 Sole Contactor for Roads BACAU 3+350-3+540, 3+900-3+920, 4+530-4+600, 4+600-4+850, 2005-08 Sole Contactor Roads and Bridges IASI 6+800-6+850, 7+100-7+180, 9 3.978.705 BUCHAREST Road Mircea Eliade and Schitu Magureanu streets in Bucharest 2008-10 Sole Contactor Administration Forest Road Lesunt and Cernica bridge 392.857 2005-09 Sole Contactor The Council of Oituz Commune reconstruction after the floods 936.990 Regional Management for National Road 1 km 586+400 – 600+000 2008-10 Sole Contactor Roads and Bridges CLUJ Communal Road 169, Nicolae Balcescu - Valea Seaca, 145.600 2005-10 Sole Contactor City Hall of Nicolae Balcescu km 2+500 - 3+100 commune 1.629.807 County Public Management County Road 116 B Comanesti – Straja, km 0+340 – 5+878 2008-11 Sole Contactor for Roads BACAU Communal Road 169, Nicolae Balcescu - Valea Seaca 481.373 2005-10 Sole Contactor City Hall of Nicolae Balcescu km 0+000 - 2+500 commune Modernization of communal road DC 124, km 2+200 - 8+200 1.893.348 The Council of Buciumi 2008-11 Sole Contactor commune Access road to Rotunda site 778.977 2005-11 Sole Contactor The Council of Gura Vaii Summer maintenance works of county roads 225.090 County Council of Harghita 2009-03 Sole Contactor county Valcele and Galean streets modernization in Tg.Ocna 1.358.525 2006-05 Sole Contactor City Hall of Tg. Ocna National Road 1F km 71+000 - 81+100 1.124.086 Regional Management for 2009-05 Sole Contactor Roads and Bridges CLUJ Streets in Bacau Municipality 3.357.900 2006-05 Sole Contactor City Hall of BACAU municipality National Road 15 C km 52+300 - 58+328 151.651 Regional Management for 2009-08 Sole Contactor Roads and Bridges IASI A1 Highway Bucuresti - Pitesti 24.235.428 2006-07 Sole Contactor RNCMNR S.A. National Road 29A km 3+000 - 23+010, NR 2E km 30+605 - 1.324.886 Regional Management for 2009-08 Sole Contactor Roads and Bridges IASI Stefan cel Mare street modernization 213.350 2006-08 Sole Contactor The Council of Slanic Moldova 64+481, NR 2H km 17+350 - 43+600 884.981 Regional Management for National Road 1 km 447+120 - 455+445 2009-09 Sole Contactor Roads and Bridges CLUJ Road sistem repairs on National Road 22C 10.195.327 2006-08 Sole Contactor RMRB CONSTANTA 410.386 Regional Management for National Road 15 km 0+000 - 5+000 2009-09 Sole Contactor Roads and Bridges CLUJ Bucharest – Brasov A3 Motorway, section Moara Vlasiei – Ploiesti 138.000.000 (km 19+500 – km 62+000) 2006-11 Sole Contactor RNCMNR S.A. Pa&Co International performance segment: km 31+775 – km 46+500 7.292.643 City Hall of BACAU Road subway on Stefan Guse street, Bacau municipality 2009-09 Sole Contactor municipality Modernization of streets with tramway on Oltenitei roadway 22.531.128 City Hall of BUCHAREST 2007-03 Sole Contactor municipality 221.278 County Council of County Road 127 A km 53+071 - 51+171 2009-10 Sole Contactor Harghita county County Road 115, Onesti – Casin – M. Casin 3.551.531 2007-04 Sole Contactor County Public Management Modernization of communal road DC 121 , NR 11A - Gutinas, for Roads BACAU 1.435.035 2009-11 Sole Contactor City Hall of Stefan Cel Mare km 0+000 - 5+200, Stefan Cel Mare commune commune Design and build of current repairs at airport runway nr. 2 2.564.988 International Airport 2007-05 Joint Venture Henri Coanda Bucuresti SA Modernization county road DJ 127 A, km 25+925 - 29+000 846.977 County Council of 2009-11 Sole Contactor Neamt county Asphalted streets in Moinesti municipality 3.228.699 2007-08 Sole Contactor City Hall of MOINESTI municipality Rehabilitation and modernization of county road DJ 208 12.070.758 2010-03 Sole Contactor County Council of IASI county Reinforcement works on heavy traffic roads section 6.006.775 City Hall of MEDGIDIA I and II from Medgidia municipality 2007-08 Sole Contactor municipality Modernization of Petru Movila str. in Piatra Neamt municipality 3.329.462 City Hall of Piatra Neamt 2010-05 Sole Contactor municipality Slurry seal works in Bacau municipality 735.915 City Hall of BACAU 2007-09 Sole Contactor municipality Forest road Berzuntiul Negru - Livezi Forestry 418.045 The Forestry Department of 2010-07 Sole Contactor BACAU county Slurry seal works for Zalau Road Administration 2.713.313 Regional Management for 2007-09 Sole Contactor Roads and Bridges CLUJ Forest road Argintarie - Targu Ocna Forestry 80.888 The Forestry Department of 2010-07 Sole Contactor BACAU county National Road 11, km 91+000 - 102+000 1.466.252 Regional Management for 2007-10 Sole Contactor Roads and Bridges IASI Widening of Pipera drive-way Bucharest 31.819.577 City Hall of BUCHAREST 2010-09 Sole Contactor municipality County Road 119E, Stefan Cel Mare – Bogdana, km 0+000 – 4+200 1.673.964 County Public Management 2007-11 Sole Contactor for Roads BACAU Modernization works of roads in Ciocanesti Commune 10.871.340 Local Council of Ciocanesti 2010-10 Sole Contactor commune Ploiesti West ring road km 0+000 – km 12+850 39.573.168 2007-11 Sole Contactor RMRB BUCURESTI Design and execution for National Road 1H Zalau-Rastoci 49.630.166 2011-01 Sole Contactor RNCMNR S.A. DJ 118, km 0+000 - 10+800 3.841.592 2008-03 Sole Contactor County Public Management Adjustment the river bed and bank consolidations of Oituz river for Roads BACAU 1.048.269 2011-03 Sole Contactor National Administration in Oituz commune, Bacau County “Romanian Waters" Modernization of communal road DC 153, km 2+285 - 9+265 2.645.585 2008-03 Sole Contactor The Council of Barsanesti commune Rehabilitation of R14 Balti - Sarateni road, km 10+780 - km 26+600 10.910.391 2011-05 Sole Contactor State Road Administration of the Republic of Moldova Streets repair and maintenance in Onesti municipality 2.600.452 2008-05 Sole Contactor City Hall of ONESTI municipality more then more then projects years experience 100completed 10in road construction B H u e c n Project Name h r i a C Airport works r e o s a t n - d O a t I o n p t e e r n n i a t i o n a l A i r p o r t , at CompletionUSD V alue ofContract 2.564.988 October 2007 Starting Date Contract p r e r r B n P a u e x o r a u l n b o u p . & c w u d m e 2 h C i u a r l a d a t o a c y s r c i . t t n e I s P n F I g s t n y t a o t i e m t . Joint V p o & e r r Contractor T e f p n r C m n h a a o l o a a e a i t r r i t y p t x o I i e w n o e i o enture n m d t n r o r , a e t u a r f l r f k r i l m o n n h o A r a i f a m n r i t s w s a r v i o p a s o G h u n f o t International Airport Henri Coanda l e i r p v c e a r u t t e g h l r y c m " d l r a H t o w a u a y t d f e e h r e n Client e t e n r e r r y e d a e r . a i c f d u n f C r o i u c s d a o m n e , a w d p n l a e d y t a e "

Photo: Bucharest - Henri Coanda Airport H P Project Name r e o a d d Civil works u q c u t i a o r n t e B r a O s n e e T s a t i r t a s e s t i at CompletionUSD V alue ofContract Confidential Confidential Starting Date Feb 2010 May 2007 Contract + o a 4 o c c d e i P n o o x f f , e a 1 d b f 4 p i a m n m & . c u u 3 e l s C m e s i p o 6 l r t t t r i o a n e o b r u a s i n s a n s u c I r q Sole Contactor Sole Contactor n t y l e t c i t r l , u t i c a d a e 6 o e a l t o i o n , r n e contract o r i 0 n m Role in n c e g f o 0 a t a h p t 1 m f t S 0 t h i e l e , o n e i + e 3 s i m d n r e x t P 0 e a w f e e i w i 0 + n e l r x t s 3 e e o h l p s O d , r x , r e e q . s k p e n a w r u s O t l c e s d u i a i s t u s q a u s q h r e t t e n u r u i e Pa&Co International Pa&Co International a . a d a s i a s n m I r p s t r b c e h Employer t c e h e c e u l a u i t o t c o v r i e s y l d s w i i t n l p a r P i s s a s n o a r l e a i i o i s r g n g f s a g e o S t d n t t n e s a i h s m n + i s d f e i o

o P c t 2 w h h f f a 7 a e a n i t l h n - l t s

2 8 Photo: Tartasesti base Pages 29 - 30

Other works

Pa&Co International has executed over time “Felix Topescu” Riding Base from Ploiesti special works of high complexity. In 2007, was rehabilitated in 2008 by Pa&Co the company made the track arrangement International and was homologated by the on which took place Formula 3 circuit International Equestrian Federation – IEF. Bucharest Ring, now a tradition. For the 3.2 kilometers of circuit was used polymer The works had been completed in a record modified bitumen, which ensures a high time of 7 days, the project being one where resistance, and flatness required of such a project management skills have been circuit. The track was homologated by FIA. perfectly combined with the technology and human resources used.

Value of Contract Contract Role in Value of Contract Contract Role in Project Name Employer Project Name Client

at Completion USD Starting Date contract at Completion USD Starting Date contract g n i R

t Equitation Field at FEI Standards s

Bucharest Ring - Race course e

6.500.000 May 2007 Sole Contactor Bucharest Ring SA - April 2007 Sole Contactor Confidential r a

construction al FIA Standards Bucharest, Romania h c u B

: o t o h P Pages 31 - 32 Maintenance works on Maintenance works on winter time summer time

Pa&Co International developed a Maintenance works on summer time: maintenance works program for summer time as well as for winter time. Ÿ Washing and cleaning of ditches, diggings and culverts On winter time: Ÿ Setting up of road signs and Ÿ works of snow and glazed frost safety barriers removal for all type of roads Ÿ Maintenance of green areas, including motorways and airport parking and crossroads runways Ÿ Periodical maintenance works on Ÿ Repairs of protection parapets roads Ÿ Trail out the cars blocked in snow Ÿ Periodical maintenance works on Ÿ Traffic unblocking bridges, drainages, supporting walls, Ÿ Cleaning the bridges and viaducts shore protection, river beds arrangement Ÿ Transport of non-skid material Ÿ Works of road marking Ÿ Set up protection fences Ÿ Montage of balustrade Ÿ Cleaning works for parking and road shoulder Ÿ Transport of materials Ÿ Run way inspection for establish the road condition. Pages 33 - 34

Production bases

Ploiesti Gherghita

BĂLŢI

Bacau Tartasesti

Pa&Co International is endowed with concrete and • Bacau production base – asphalt mixing Location Coordinates Location Coordinates asphalt plants with high productivity and a minimum plant, with a capacity of 160 tones / hour Production level of pollutant emissions. Plants are fully • Onesti production base automated and can prepare all types of asphalt • Concrete plant BETOMIX production, bases 1. Tihau 47º 14’ lat. N 23º 19’ long. E 8. Oituz 46º 13’ lat. N 26º 37’ long. E mixtures. Plants can be removed and in maximum with a capacity of 100 cubic meters / hour ten days, can work on a new site. • Asphalt mixing plant, with a capacity of locations 2. Tg. Neamt 47º 12’ lat. N 26º 22’ long. E 9. Ploiesti 44º 56’ lat. N 26º 02’ long. E Short description of the bases in the country: 90 tones / hour • Asphalt emulsion plant, of 15 tones / • Tartasesti production base, county of hour bituminous emulsion 3. Ghergheni 46º 43’ lat. N 25º 36’ long. E 10. Gherghita 44º 48’ lat. N 26º 16’ long. E Dambovita – asphalt mixing plant, with a • Zalau production base – asphalt mixing capacity of 240 tones / hour plant, with a capacity of 200 tones / 4. Suseni 46º 40’ lat. N 25º 34’ long. E 11. Tartasesti 44º 34’ lat. N 25º 50’ long. E hour. 5. Bacau 46º 34’ lat. N 26º 55’ long. E 12. Medgidia 44º 15’ lat. N 28º 17’ long. E

6. Onesti 46º 15’ lat. N 26º 46’ long. E 13. Balti 47º 60’ lat. N 27º 55’ long. E

7. Radeana 46º 12’ lat. N 26º 56’ long. E Awards Pages 35 - 36

THE CHAMBER OF COMMERCE AND INDUSTRY OF BACAU COOPERATION COUNCIL OF CHAMBERS OF COMMERCE AND INDUSTRY OF ROMANIA

Title Year Title Year

1st place in Top of Companies 1993, county report, for outstanding economic and 12th place in the National Top of Companies 1993 based on the results achieved in economic and 1993 1993 financial achievements, section Services, medium private enterprises (International Transport Service) financial area, section Services, medium private enterprises (International Transport Service) 2nd place in Top of Companies 1994, county report, based on the results achieved in economic and 5th place in National Top of Companies 1994, based on economic and financial results 1994 1994 financial area, section Services, medium enterprises (International Transport Service) achieved, section Services, small enterprises 1st place in Top of Companies 1994, county report, based on the results achieved in economic and 5th place in National Top of Companies 1994, based on economic and financial results 1994 1995 financial area, section Services, small enterprises achieved, section Services, small enterprises 3rd place in Top of Companies 1995, county report, based on the results achieved in economic and 1995 financial area, section Transport, small enterprises (International Transport Service) NATIONAL COUNCIL OF PRIVATE SMALL AND MEDIUM ENTERPRISES FROM ROMANIA 1st place in Top of Companies 1995, county report, based on the results achieved in economic and 1995 Title Year financial area, section Transport, small enterprises 1st place in Top of Companies 1996, county report, based on the results achieved in economic and 1996 57th place in National Top of Private Companies and 1st place in County Top of Private Companies 1996 1996 financial area, section Transport, small enterprises 2nd place in National Top of Private Companies 2000, section Other land transport Top charts 1994 - 1996 Excellence Award for first place ranking in three consecutive years in the 2000 1996 County Top of Companies editions 1994, 1995, 1996 CHAMBER OF COMMERCE AND INDUSTRY OF ROMANIA 1st place in Top of Companies 1998, county report, based on the results achieved in economic 1998 and financial area, section Transport, middle sized enterprises Title Year Honorary Diploma - 3rd place in the Top of Export Companies 1998, based on the export revenues 1998 6th place in National Top of Companies 1996, section Transport, middle enterprises 1996 5th place in the Top of Export Companies 1999, county report, based on the export revenues 1999 6th place in National Top of Companies 1996, section Transport, middle enterprises 1998 Top charts 1997 - 1999 Excellence Award for first place ranking in three consecutive years in the 1999 County Top of Companies editions 1997, 1998, 1999 CHAMBER OF COMMERCE AND INDUSTRY OF ROMANIA AND BUCHAREST MUNICIPALITY Excellence award in 1999 for ranking among the first three places in the County's Top 1999 of Companies, in 1996, 1997, 1998 Title Year 1st place in Top of Companies 1999, county report, based on the results achieved in economic and 1999 2nd place in National Top of Companies, edition 2000, based on economic and financial financial area, section Transport, middle enterprises 1999 results achieved in 1999, section Transport, middle enterprises Honorary Diploma - 1st place in the Top of Export Companies 2005, based on results achieved in economic 2005 3rd place in National Top of Companies, edition 2000, based on economic and financial and financial area in 2005 1999 results achieved in 1999, section Direct Exporters, middle enterprises 1st place in Top of Companies 2005, based on the results achieved in economic and financial 2005 10th place in National Top of Companies, edition 2001, based on economic and financial area, section Road Construction, large enterprises 2000 results achieved in 2000, section Transport, large enterprises Excellence Diploma for first place ranking in the County Top of Companies 2006 4th place in National Top of Companies, edition 2002, based on economic and financial editions 2001, 2002, 2003, 2004, 2005 2001 results for 2001, section Transport, middle enterprises 1st place in County Top of Companies 2007 based on economic and financial results achieved in 2007, 2007 performant management, constant improvement of quality standards and contribution to sustainable ROMANIAN GOVERNMENT - Ministry for Small, Medium and Cooperative Enterprises economic development of Bacau county - section Construction - Road Construction - large enterprises 1st place in County Top of Companies 2008 based on economic and financial results achieved in 2008, Title Year 2008 performant management, constant improvement of quality standards and contribution to sustainable Brevet - First Place in Top Section of Small and Medium-financial economic performance, economic development of Bacau county - section Construction - Road Construction - large enterprises 2002 in transport, medium-sized enterprises County Top of Companies 2008 - Diploma for sustainable investments made in 2008 with 2008 economic impact at county level, regional and national levels International Trade Publication ACTUALIDAD - MADRID

Title Year more then years of International Grand Prix for services of best quality, edition 1996 1996 recognition International Grand Prix for services of best quality, edition 1997 1997 20 International Grand Prix for services of best quality, edition 1998 1998 Pages 37 - 38

Social responsability

Pa&Co International has developed its activity in an economic environment dominated by Pa&Co International, together with specialists from the multitude of social problems caused by Bacau Forestry Directorate, has engaged in SOCIAL the transition. We considered fair that part of combating trees aging, has financed and carried out our efforts to be found in the communities works to open inaccessible areas, which had the Our reaction and prompt acts towards the effects of where our work takes place. People's lives, effect of refreshing and restoring forests. Special their problems, weren’t indifferent to us, and attention was given to reforestation campaigns, natural disasters from 2005 and 2006 showed that our charity actions have concerned both started early in our work. Pa&Co International does not remain insensitive to people’s fate and community welfare as a people who are in extreme situations. In the whole. summer of 2005 when thousands of people from CULTURE AND Moldova have remained isolated because of flooding, the company restored the circulation over ENVIRONMENT EDUCATION a hundred kilometers of roads, county and PROTECTION Pa&Co International supports educational and cultural municipal, following requests by local authorities. projects convinced that these two areas are of utmost Pa&Co International employees and equipment Keeping the balance of nature, reducing importance for the future of Romanian society. We intervened to restore the communication in dozens industrial assault on the environment is the support projects, especially when those projects of isolated settlements. constant concern of Pa&Co International were aimed to increase quality of education and company. We were always aware that our better conditions of study for students. areas of activity – wood processing, Pa&Co International has sponsored in recent years: Following the floods in summer 2010, over 5,000 construction and transport – could represent - “Sfanta Maria” Institute from Bucharest square meters of triple-layered parquet brand an attack on air, soil or water with harmful - “Sfanta Maria” Institute’s school and kindergarten Pa&Co were donated to residents of Dorohoi, effects on human health and comfort. from Braila - “Petru Poni” High school from Onesti Botosani, who had their homes destroyed. Respect for the environment is, however, - Schools from Oituz essential to how we thought and realized the - Finalizing “Radu Rosetti” Library from Onesti About 200 children from Bacau that came from company's development. Our investments - Construction of “Sfantul Gheorghe si Eroii Neamului” affected families benefited of a camp sponsored by have involved significant sums in order that Military Parish from Bacau. Pa&Co International’s activities do not affect our company in the summer of that year. natural balance. professionalism and innovation dynamism and consistency

www.pacointernational.com Pa&Co International S.R.L.

Head office Address: 557 Principala St., Bacau County Address: 1 No Pictor Constantin Stahi St., Bucharest Phone: +40 234 337 700; +40 722 571 800 Phone: +40 21 3177717 Fax: +40 234 337 705 Fax: +40 21 3177718 Email: [email protected] Email: [email protected]

www.pacointernational.com