Investment

Asset Management2017

Brief history

Oiliken AS was established in Estonia in 1994 as a private company. Over the 24 years of operation it has grown into a large holding, which includes several companies dealing with finance, real estate development and management, petroleum products supplies and trading. The company is also involved in investment and consulting in oil trading, where we look for companies or projects with a high growth potential, purchase them, invest in their development to make a successful and attractive investment project. We have strong contacts with Russian oil companies and receive good support from European and Scandinavian banks. All that makes for our success.

Today the Investment Company Oiliken provides a full spectrum of investment and consulting services to private and institutional customers, including:

• Provision of high-quality consulting services and assistance to refining and petrochemical companies at all stages of analyses and realization of projects

• Direct investments in new projects

• Individual investment solutions

• Merger and acquisition transactions in Europe and the Baltic States

• Evaluation of investment objects

• Fund investment (via own funds and our company FB asset management)

• FB asset management professionally manages its own funds and assets

• The Company owns assets in Germany and Estonia

2

Technical liquids plant

1998-2001

• This was one of the first of our invest project. After the construction, AS Oiliken received the plant in operational management. A new trademark “Kamoil” was developed and promoted in the market. In 2001 the plant was sold to the top-management of the company.

3

Oiliken Bunkering – bunkering vessels in the Baltic Sea with own tankers

4

1997-2001

• Purchasing tanker vessels and establishing a bunkering company. A shared capital project, started from the scratch. By 2000 the newly established bunkering company ranked 3rd-4th place in Estonian market by the sales volume. In 4 years the project reached the breakeven and became a success, and after that it was sold to a strategic investor.

Developing diesel fuel and 95-octane gasoline with improved environmental and economic features

5

2001-2003

• Industrial petroleum products were cleaned from water and mechanical impurities on a specially designed equipment. Then, in special temperature conditions they were mixed with a complex of additives for improving antiwear, environmental and economic features of the fuel. The new products have been properly patented and certified. The company developed the brand and introduced the “DIO” trademark to the market. It also developed a trademark protection system and marking of each cargo of the product.

Oil terminal for transshipment all types of petroleum products in Nizhnekamsk, Tatarstan

6

2002-2004

• At the request of the owners, at the initial stage of the construction we developed financing models, attracted bank loans and invested up to 30% of own funds. The terminal with capacity of 50 000 m3, located on the Kama river, loads and sends tankers to Saint-Petersburg and south of Russia, to the Black Sea region.

Galvanic plant in Samara

7

2005

• At the request of the investors, our customers, we found the designers and manufacturers of the plant. Part of the funding for the project was raised from loans by European banks, the other part – 25% - from our own funds. We were also responsible for arranging the equipment supplies from Holland to Samara, Russia.

Desalting oil plant

8

2005

• Design, construction and supply of oil and gas condensate treatment facility in Nizhnekamsk, Tatrstan. At the request of an oil company we set a tender for the design of the facility, placed the order at our own cost in Holland and supplied the equipment to Russia. The facility cleans oil from mechanical impurities, chlorides and water and prepares the feedstock for further processing.

DIO – a retail chain of fuel stations in Estonia and Latvia

9

2002-2006

• The project was started from the scratch and financed totally from own funds. On this project the company introduced into the market a new trademark and pollution-safe fuels, purchased 4 fuel stations and constructed 16 more.

DIO – a retail chain of fuel stations in Estonia and Latvia

10

• The sales volume grew by 5.5 times over 4 years. A discount card system allowed the customers to use the services of 60 fuel stations in Estonia and 40 stations in the Baltic countries, Russia and Poland. By 2005 the company ranked 4th – 5th in the Republic by retail sales volume and the 3rd in the Republic by the per station sales efficiency. In 2006 Lukoil purchased from AS Oiliken the retail chain of fuel stations as the best and the most successful chain in Estonia.

Oil refinery plant

11

2005

• Oil refinery with capacity of 0,75 million MT/year in Nizhnekamsk, Tatarstan. At the initial stage of construction our share was about 20%. When the refinery was complete by 20% it was sold to a strategic investor.

Participation in tender for purchase of the assets of the Italian company IES

12

• In 2007 there was announced a tender for an Italian energy company IES. The company's assets with the estimated total worth of about 700 mln euros include an oil refinery (annual production of 2.6 mln tons), a bitumen plant, a hydrogen plant, a retail network of 240 fuel stations, the Company's own terminal in Venice and a pipeline from the terminal to the refinery. The sales competition was organized by Morgan Stanley investment bank.

13

• In this tender for the 100% of the IES assets our company represented the interests of one of the oil companies. In course of the tender procedures we carried out independent audits of IES operations in tight cooperation with such companies as Hogan & Hartson, Bonelli Erede Pappalardo, Deloitte & Touche, Tecnimont, Purvin & Gertz, etc.

Participation in tender for purchase of the assets of the Italian company IES

Real estate development in Russia

14

2008-2010

• Construction of multi-storied Parking Houses and development of attractive land sites in the centre of Kazan. The international consultancy companies and real estate foundations are involved to the development of a model for each site and its subsequent funding. Upon completion of the first stage, the mutual fund created in the frame of the project was sold to local investors.

Real estate development in EU

15

2011-2013

• Real estate development in the centre of mineral water resort Bad Kissingen in Bavaria, Germany.

• The aim of the project is to reconstruct several historic castle villas into first-class luxury apartments for sale. With caring attention to details the buildings will be fully restored and reconstructed in compliance with high standards. At the same time the historic Jugend-style facades will be preserved. Only high-quality finishing materials will be used. We hope even the most demanding taste will be satisfied.

• The first project was completed in 2008 and received gratitude for its high level of execution from the Bavarian Government and the Bavarian Board for the Preservation of Monuments.

Construction and management of oil terminal Maardu, Estonia

16

1999-2014

• Fuel terminal for receiving, storage and distribution of petroleum products. The project was started from scratch and financed totally from own funds. The terminal was connecting link in logistics of wholesale and retail trade of fuels Oiliken company. The company return was 2,5 times the invested funds of shareholders, then it was sold to the investor.

Assets Management

17

2012

• Created investment and financial company AS FB Asset Management. The company professionally manages its own funds and assets.

Development of concepts and ideas

18

Investment company Oiliken

• Investment and consulting

• Project Management

Contacts

• 25 Tartu str., 10117 Tallinn, Estonia

• Phone: +372 881 0300

• Fax: +372 881 0303

• E-mail: oiliken@oiliken.com