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WAGIALS Nudenaba : iS ae me Aimot, obj ectne intondtion Tutiered 2S ANT _Tensin Find (Bon) |) pebtlan Benahit Plen—y WH etfsnnee berok warfare W) Coctrib-dion Plan — (FAA candbtPn Cita Brel syfar ee } ar OU LOTyells teat ene RR Gecton A i ESOT—» Emplryeo Seek sce Prepon bent Bo 11) S oytion, Pla aa aT SUSI Pye verse deck oytin. Us ae 2 Isat (on wre POSER Ful sawvicr perio > Do spur Farsi oe ST EV OFa NOP BR bull pense nT Sr zur eta pension aT_ FHC armen ene , PEWINN » 2 GYooO - Beso est ates com,” C4 AS A wave gay 9 30 Warence— Mog lakh can, RTE 32 JokKh ayStax aCe Lat -aodoet |21 faport, Propetied and Huey 4 Prono Ane) fropention FA: Mossy nen) > 2 atont mencbiny t bide is ppanite copies yD igibiltty ond Denomination 9 w be dod & denoted w) | com be es yalur, (29% aa Revernibibity » nsnerse oar ae 2 xe oe ZIT IV) Convert bbehy Aon (xr cayh @ > OP)” secantty oT , !V) Coan! vi) Liwidity vill cumucy 7 pel Sho ar iy Wi) oagtartty 2 Comer een AT — a ue exentte /espillslnt / Teall X) Rohs pened efblty xi) Team Heuntly—> coer ncconlty AEDS Ere LDabent eormnahwulty aD frye seg te ow de esdealatyd ths ries ee eer hone grate aor yen’ sine A TTL Veale ting tha. PMO sk ntewity Go SIME pir uate call back 7" Fores alle L-2.Gar Ee 2) Expected Ren Apres ee Bini a eC)- pp AB) Bn *) : ep rr ee) ~0-0L+ 4 flac Rieko Lew Pes Here Return, Pain Factor io Rink (sieo0-10 -0 06) 1197. 2 (osa BOE (2H (BK ROT eee ear, oa ratenn B afar. “ “ SH Rta pick OH” 6) Proved Valut Approach oA pee Rv : +7 m Ca Woy fy 2 Conner Manket fe Ae Rerbedic Conpor Payment > $ 4000 Wa Numben fF yea tT? marty» 1094 mm «Nambonr oe canpon st fe gL a FEV = Rctar vyoluse* $ 10000 i> Dis camring Rate > AD 1a IN U, Opp can s investmank— Tete ee il BY ST poy. SD und 87 (90% | 22% 40000] 38 69,96 P| 12- man vet inpowst nate ae ANAL PCL TB farey-Q_ cabedn CE jest poych ag. AF dept fer ThA da cornting ext penrtewing necks Ceaatoh- investnasb) © compen Tha. ( See tet4 POAHIA, or Investors nal ert Qo eo pric, FY <0 BN cok dehy << rtheen = pont, 32 AE eve (3G FAY Hey UTI (prone) eee EV ST (A Ghar pices FET carat InN > neoturn Ae wv ev a (Ur BH pee a Fe PT QW at aw. 1A, PVE GEA aha ITT SAY AY COTS Gparer Wael TH FA 4 fous oe” itl ry 7% L > Tavarvyh—: 2) [12224 Re RRA TP + pret LpaNPp+€ RP 5 Exchange Bebe Rig k ~ Stall Toor ely Risk Yaemi Prambun L Real Roste_A- ns Rink Prcmivwn : CN ANS Dipcoanding Rako “ Dolault Rink Pacnen 2927-4 dF LALA z Fi, 057.4157 + 2%Tatarst nats Yadlependant, pater rete dopentort oven ite hay have tewerue nelahrmroip eack wy We want“to know @& txboust note FO DOTA prica NTH et Senhidivtthy Pralysin/ Darachin Anolyoia 4 components — AY = change th ae ace dclensl Pie cunt mankor ee Pie Price whan yield docnrayer Py 2 Puce Ween yield jncnoayR— Chongein Prior hon yield Aoenrayr” f . For, chramgue Ze (Apo the. (p.) -() eo. aA ayo, or aw n pre cain! ylald incns: ee cere isl ete) (eo) -(t4) Yo (ar) 100 change tn pNed |pray Fan tha, changer in yaad cher pale ew, (F (Ee eel 47, > Loobe Ft) +e“ )_| \ A eee 7, (ay) 300 ej z 2G al Premneninat change in poles “wat ". ee 2D X (ay)x 10% _ ve a _- (28-09% © 0G 7 ee = (t)(B9 a yo 1» =17.06% (40-01) X12 Po» CYFMY pe 212.05, 70 ~ 709 tk a Py 639K - 09 63) D2 —yx(0.005) 2 G1Dx(0-0) 2 49,065 fafesr Primary Marketa ti Undenwnitng Se canted Primary Market anket for nanily imusd pceud PO atanetng ot secon Eyogrccen Aeurnng meen Privatization — Going (rm (able entity te private_ rh Ow Wt change , ' Geing etic private com PANY a ateunity dar Aalpagr ANGST ANB UT WE PO Toe Pantin Wow wink L mea) ) Jnverstront Bo eanuty Jrumching BCG 2) pranehant => band GABE mong 6 FT ON ona, Sale TH WE hoe freer ct wer pale ote 1) Glam Stegall Bet WW) Gnaden Leeck Billy def- : 1 (nevenvt Urdenammitern Rol pqnsod St ERT BWR i AI IM; dorminnih GI « So ®B Advising sectapponcli Aa garding 10) Timing 1 p) Velo : ( Ter MeSonat PLE. oye cumnon( fede oun) + Suefc J Coney Common Yrone A Hen qoute Hut ra winele Shane Wold yy Pact Cluvy, suse oun Compan) + docidod fo Sell te Poh bette ear Priveke Sean 4 Tye {Hd bo WOK Front wont (Wi Gomd aeing to fiveBe) -# ton AG tract SeLL AAD LAP OO, oem (41 ETF extortion of ynteao— Cooma) “uM om Ceony9. ees urioowonttn Mem omy you @xT Wd -) 4b ar ON qoagum woes “59 A TB Teme RPA OPen KL. [ ComPehtiue 9d 9 a) 44 : uo Pidacr “ment con ion) oo ion cy — ee oo 20 (muon) ~go Unilin) Comes Oo : a Bidding 8 Jo \miuion) Foi) or c 20 607) A 2 fy wo (nievon) £ ce ah 7 me ~ — ie mnion Me ore => ICP —FSa WV BTU MAT <9 29 AMA MGET aT GwS™ emmy ark: 7 SppAilate. 29 (ad ordorum er enka uw) é bomber 40 tue (fe -? Sb eo Contract fio 1B -eyayay ne® 2 —p Dhar bon exes FET) a BIR Borie ~2UUF —(O- manugerf Ter} 20 ABT Co- undonerbers ” sexo Re OL OTA ondommaiten ‘Syndicoul —p xu unig amae Oo - un eo wal Takoca onmrosritten] Sonor 40 sea tive} * TPO Frosnectus- FrosPocwys everyting AMAT Conlon) ceed sug tae Huy 28 Sects od -ocvomse (omitiion 5-7/7 -° ads Prosfecios [ek - hades Groswetey Simi wid “ony -* Punmillion Ea or AW SET He > | fayyo Cnet, rao information 9 offer Pm. (A car AU EC RR 9 curs) “and AFP vym cute Ome * Prostoctyy OY HOUT “QU +4 ~ongy sy Print UI RO \po frosiactos “zw -wenge ad uy wera) (oe ondopru mit Soni oe v. Th Sneak to te RWC by Juma avtton nowttbfore_§) fink AG ww Road Phew “We Ger CO AT Abi

GO amr eng A Kan Wp) 20 = . : ; ss tomy ~arbitge cours’ Cem) Sort) ia Aiie ro > oven =H] UW wang. io 2 BOM Rm 2 Co ame? (4 NG rors) 4.0 Stood grant ay a | Aloo Co Avedon Lo y¥t— Gubgm Pion —2Um > lottery AT UO ming ey Pro Rateo ms AW2fe weber pled . ‘ ot Righ phone Lye’ “ee ye oe Pacempiive Right Shue pi ete (On tught Vahae & Ri WR) 4 isle mon Dice Pr Aer In gre Dilation BWect (pt) = - ay (Ratio & old de now ama) ONG. ( = * I¢ 3 » 1B. 3.49%) Boon Type A Right Shot : oT pirhntirg 30000 Ae rons x IE). $ 700000 0000 (Ea iil) Paice de Shona Right ow % 9000 o/dnarsd Cc. 3000) 1) Nabe dq Aone ii) Capitabisadtion (Nam be 4) aor imue & Right Shore * 0 4[2209 otrbrding 40000 = (300° prone (0000+ [000 onheovia x (7fdbons) Vi) Shore price ex-tight =F 1925) thar (ap 0000 4000 dans) 4v) Number &- Ahoand V) Caption g 770000 (5 ce) Net gan/ hems by exancinkg rught™ wv) ker Hug to de ection effect $0.75 shore l 2 (3.997%. & 90/ drona) Vii) Garr trem exancining MOL (oP). $0.95 frfrors 2 9.0/qrone — F929,iX) Net gaiv/lavy (wil — vill) = § 0. 0 drat af PCee elk 2 fo. dare $0.74