Company PresentationSeptember 2012

Established 1996 the company began working in the construction and installation, adjustment and start-up fine-grain and medium-grade mills, field and has successfully completed numerous projects.

Mission Statement

Office Presence

Worldwide installation base in over 10 sitesGeorgia, Itaq, Iran, Russia, Ukraina, Azerbaijan,Syria,Jordan,Saudi Arabia,Kazakhistan

Strategic Partners

UTA at a glance

Our goal is to provide maximally high level service, so our partners could feel themselves totally secured and feel that they are working people with dignity.

UTA.COMPANY: Director Petre Beria,ADDRESS:Georgia.00164.9.Z.Chavchavadze . CITY: TBILISI, GEORGIA http://www.utacompany.ge

• JSC- GEORGIAN STEEL, B-PLAN- IRAQ/KURDISTAN,«GLOBE ENTERPRISES INC» USA,HALAWI INVESTMENT TRUST S.A.L.• BEIRUT, LEBANON,KIB- IRAQ,"VNIIMETMASH ", TOCHMET, RUSSIA; " MURAT MAKUNA ", TURKEY; " BACHCELY MAKYNA ",

TURKEY; "НKМY" UKRAINE; "DANYELL" ITALY; "ZDAK" CZECHIA

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Refinery

Georgia UTA Portfolio

AGENDA

Description of present installation & capabilities

Financial Summary

• LocationSouth Caucasus, Southeast Europe, Southwest Asia

• Geographic position in extreme co-ordinatesNorth: 44oN / South: 41oN / East: 47oE / West: 40oE Borders (land )Russian Federation 723, Azerbaijan 322, Armenia 164, Turkey 252 (in total 1461 km )Borders (coastline )Black Sea 310 km

• Climate Continental inland, subtropical in the coastal region

Georgia

We believe in

Partnering with selected customers:• Adaptive business models• Developing POC’s for innovative services• Assure outstanding personal customer support• Establish long term relationships aligning

Roadmaps – ongoing process

Your vision is our work plan

Streamlining Operations & Resources

Multiple VendorsMultiple components

Multiple Operations & Management

Oil Refinery and multi used common Platform

Cross Technology Solution

Oil Refinery & CONSTRUCTION

PROJECTS

Supporting and Operation

Supporting Multi Vendors

components

Interoperability with all

infrastructure vendors

guaranteed

Supporting Hybrid multi Production

Whole of cycle

250 Thousand tons per year

Naphtha45 000 t.

Fuel Oil70 000 t.

Kerosene Diesel Oil

1. Petrol AH-922. Petrol AH-953. Liquefied Gas

45 Thousand tonsper year

1. Bitumen2. Diesel Oil3. Oil4. Black Oil

70 Thousand tonsper year

Primary Unit

The oil refining factory in Georgia, belonging Open privet Company " UTA “

Oil Refinery general description

This refinery contains two plants : Primary unit refines from crude oil to “Naphtha”. distillery of oil of atmospheric type and the block of processing low-octane The block of primary distillery of oil with reception virgin gasoline, Diesel. fuel and black oil. Second one refines “Naphtha” to get high octane Gasoline (petrol) АИ-95--- АИ-96 gasoline in high- octane - on technology «Ceoforming».

Oil Refinery capacity

Plant capacity 250 000 MMT up to 300 000 MMTOne can increase productivity for two times. System includes two columned. Diameter of columns -10000 mm Height- 9.2 Mt. Quantity of plates -22 pcs

Oil Refinery continue 1

The block of processing low-octane (virgin) gasoline high-octane without compounding and additions of antidetonators on technology «Ceoforming». Productivity up to 120-140 MMT / 24H

Productivity on raw material - 50 thousand ton/year. The basic products of process are: high-octane

gasoline АИ-92, АИ-95 - 60-65 %. Liquid gas - 33-28 %. Diesel fraction - 2 %. residual hydrocarbons - 5 %.

Received gasoline stable also satisfies to the international standards, namely the mintenance{contents}:

Sulfur-0,01 %. Benzol-1 %. Aromatic hydrocarbons - 35-40 %. Олефинов - 5-7 %. The technology «Ceoforming» is developed НИЦ

«Ceosit» ОИК the Siberian Branch of the Russian Academy of Science.

Block " Ceoforming " is supplied by computer management of process under the license of firm GE.

Oil Refinery continue 2

Required electro-energy is 400 kW/HourDelivery transformer is 1000 kW (1 mW)Required water for each part 200 m3 t = 30 C and 8 m3 for boiler Gasoline tanks and barrels are :

5ps – 2000 m31ps – 1000 m31ps – 500 m32ps – 3000 m3

Required electro-energy is 400 kW/HourDelivery transformer is 1000 kW (1 mW)Required water for each part 200 m3 t = 30 C and 8 m3 for boiler Gasoline tanks and barrels are :

5ps – 2000 m31ps – 1000 m31ps – 500 m32ps – 3000 m3

Performance attributes

Manufactures production

The second plant produces (Reprocesses “Naphtha”) high-octane petrol corresponding to Euro Standards

AH-92 60% FinishedProducts V

AH-95 30% FinishedProducts V

Liquefied gas 2% Finished

Products V

The first factory manufactures production of Crude Oil.

Naphtha 18% half-made production

Kerosene 6% finished products

Diesel Oil 48% finished productsFuel Oil, Mazut 28% finished products

Capacity ability of metal content (molybdenum , tungsten, ) 60%

H2S 10-12%Katalizator ИК-30-1 ISO 2005 (Euro standard)Date of design 2002 yearDesign(USA) and built by German and Russian

specialists.Country of factory Austria, Hungary, Russia, Germany,

USA, Japan

Technical Data

UTA can supply and implementation modular oil refinery flexibility depending:

Depending Request from potential customer. UTA can relocation and operation oil refinery. UTA will be planning refinery depends: Volume, “end product requirement “, type of crud oil…. Following our opinions we can supply 3 deferent type of refinery. The cost will be specified and depends customer requests.

Financial Summary