MONTHLY REPORT ON THE ACTIVITIES OF THE SKOLKOVO

MONTHLY REPORT ON THE ACTIVITIES OF THE SKOLKOVO FOUNDATION June 2013

Monthly Report on Activities Results, June 1. Participants KPI Number of applications for intellectual property rights as a result of Skolkovo’s innovative activities (including copyright) 1 Unit Pieces Share of external co-financing attracted for completion of participants’ projects Result as of 30. 06. 2013 Target amount % Management comments 12 applications were submitted for intellectual property rights during the month of June. The biggest number of 45 applications was submitted for strategic direction “Energy Efficiency” (40%) 100 21 grants were approved since the beginning of the year, out of which 5 grants belonged to Stage 2 (co 43 financing ≥ 50%), 7 grants to Stage 1 (co-financing ≥ 25%), 9 mini grants (don’t need co-financing) 50 2. Partners KPI Number of jobs created in R&D centers of key partners, establishment of which on the territory of Skolkovo has been agreed upon Unit Result as of 30. 06. 2013 Target amount Places 500 % 20 Management comments In June number of jobs in R&D centers increased by 16 places due to signing agreements with “Dauria 370 Aerospace” and Accenture. Engagement of venture investors (VI): share of investments of accredited VI in total amount of investments in participants as compared to share of participants having attracted external financing from partners 28, 7 Fulfillment of KPI and completion of Investment Services work plan in whole conducted as scheduled.

Monthly Report on Activities Results, June 3. City Object Name Scheduled deadline Status as of 30. 06. 2013 of current stage* Stage “P” – July 2013 1. Skol. Tech complex (1/5) CEW begin in July 2013 Stage “P” – March 2013 Management comments (incl. new construction term in case of plan deviation) 2 Scheduled deadline for object handing over Project documentation prepared by “Ove ARUP” Signing agreement on excavation scheduled until the end of June 2013 December 2014 Project documentation prepared by “Ove ARUP” 2. Technopark complex October 2014 CEW begin in May 2013 Agreement on excavation scheduled until the end of June 2013 Stage “P” – February 2013 Project documentation prepared by “Valode et Pistre” in April CEW begin in May 2013 Agreement on excavations and poling signed. Contractor mobilized and conducts the works. 3. Apartments November 2014 5. Objects of social infrastructure: 5. 2. Clinic State “P” – August 2013 Project organization selected. Design in process October 2014 Stage “P” – October 2013 5. 1. Family campus Procurement documentation in process of endorsement January 2015 Completion date re-scheduled for more than 2 months *Stages presented on Slide 4 Completion date re-scheduled for up to 2 months Completion date according to the schedule

Monthly Report on Activities Results, June 3. City Object Name Scheduled deadline Status as of 30. 06. 2013 of current stage* (2/5) Management comments (incl. new construction term in case of plan deviation) 3 Scheduled deadline for object handing over 6. Central Zone: Stage “P” – August 2013 Works on engaging an architect for developing Architectural Design Concept and Project Documentation are in process January 2015 6. 2 Student block Stage “P” – July 2013 Works on engaging an architect for developing Architectural Design Concept and Project Documentation are in process August 2014 6. 3 Market block (Cultural Center, City Hall) Stage “P” – September 2013 Works on engaging an architect for developing Architectural Design Concept and Project Documentation are in process January 2015 6. 1 Teaching block 7. General City Systems of engineering & technical provision: 7. 1. Roads & main engineering communications on Boulevard 7. 2. Roads & main engineering communications on Parkway 8. Complex beautification and landscaping CEW end in December 2013 According to the schedule, construction conducted by “Moskapstroy” Stage “P” – May 2013 Project Documentation on Parkway prepared in June CEW begin in July 2013 Selection of executor for CEW in process Stage “P” – September 2013 Design conducted by “Gorinzhproject” March 2014 (1 st stage) September 2015

3. City (3/5) Monthly Report on Activities Results, June Design & construction stages Stage Content Design contract signed Stage “P” Project Documentation development finished (Stage “P”) Contract signing for preliminary works (for construction) CEW begin Preliminary works begin CEW end Begin of complex test Operation launch Object operation launch 4

Monthly Report on Activities Results, June 3. City # Project Name Investor/Key Partner Name (4/5) Object area Plot area, ha Financing volume (City Programme), mln. rub. Scheduled signing of lease agreement with investment terms* 5 Comments Lease agreements with investment terms signed 1 Business Center in Skolkovo NC DIT 21 700 D 3 1, 62 1 606 May 2013 - 2 R&D Center RENOVA Renova Pub 26 500 Z 2. 1 -03 2, 54 2 060 April 2013 - Preliminary agreements signed 1 Sberbank Technopark Sberbank 76 740 D 1 -01 7, 96 5 539 April 2013 2 Sberbank Mega. COD-2 Sberbank 37 000 Z 2. 1 -01 4, 07 7 000 April 2013 Lease agreements in Sberbank for endorsement, delay on behalf of Sberbank 3 R&D Center Transmashholding Transmash/ Alstom 25 000 D 2 -15 2, 72 1 459 August 2013 Agreement in Transmashholding for endorsement 4 R&D Center MOEK BROAD Group/ MOEK 13 900 D 1 -09 0, 77 790* August 2013 Due to company sale, project completion terminated; offered to KAMAZ 5 STC “Tatneft” Tatneft 9 000 – 13 000 D 1 -02 0, 84 708 August 2013 Agreement submitted for endorsement, signing planned as scheduled 6 Transport Hub Finmart 30 000 Z 1 -06 n/a 3 000 May 2014 Agreement submitted for endorsement 4 757 Due to absence of project documentation in FSK, FSK does not sign binding agreement, Foundation can not control compliance with schedule July 2013 concerning operation launch of power supply objects, risk of launch deadline wrecking exists 7 Engineering networks FSK n/a * For preliminary agreements – scheduled term of signing n/a

Monthly Report on Activities Results, June 3. City # Project Name (5/5) Investor/Ke y Partner Name Object area Plot area, ha Financing volume (City Programme), mln. rub. Scheduled signing of lease agreement with investment terms* 6 Comments Preliminary agreements signed 8 000 D 4 -02 b 1, 94 480* September 2013 Agreement submitted for approval, signing planned as scheduled JSC “Kamaz” 12 000 D 1 -09 1, 11 720* September 2013 Agreement submitted for approval, signing planned as scheduled Dauria 10 000 Being defined 600* September 2013 Negotiations on accommodation options in the Innovation Center in process 8 STC JSC “TMK” 9 R&D Center “Kamaz” 10 R&D Center “Dauria” Agreements planned for signing 1 Boeing 2 9 000 Cisco Being defined 540* November 2013 - 15 000 – 20 000 KPI Being defined 900* August 2013 - Unit Target amount Result as of 30. 06. 2013 Management comments • • Volume of external co-financing attracted for city construction Billions rubles 34 3, 6 (24, 2) • • • Binding treaties signed with Renova Pub (2. 06 bln. rub) and NP “DIT” (1. 6 bln. rub. ) Preliminary agreements for the amount of 24. 3 bln. rub signed (including during last 3 months) 2 preliminary agreements planned for signing Documentation endorsement on 4 investment competitions in process 4 investment competitions planned for announcement in July * Amounts calculated preliminarily by multiplication of estimated cost of construction in the amount of 60, 000 rubles/sq. m. of the object area

Monthly Report on Activities Results, June 4. Foundation KPI 7 Unit Target amount Average term on taking decision for grant approval: A) participant status via preliminary approval procedure; Calendar days B) participant status without preliminary approval procedure; C) grants to participants Compliance with the Foundation budget (except budget for construction of innovation city) % A) 40 B) 30 C) 70 Result as of 30. 06. 2013 Management comments Deviation of actual indexes from target indexes on taking decisions for providing grants is due to: • Calendar gap in reviewing (submitted in 2012, review A) 30 completed in 2013); B) 25 • Discreteness in timing of in-person meetings of the C) 77 Grand Committee (decision can be taken only at the Grant Committee meeting which takes place once in three weeks) Budget performance as of 30. 06. 2013 equals to 41% of the Budget volume for 6 months due to terms of -59 procurement procedures and contracting, which objectively transfers payments to the upcoming periods within 2013 -10 5. Community KPI Share of attracted new members of online community (relation of registered accounts to total number of unique visits) Unit Target amount % -1, 5 Result as of 30. 06. 2013 Management comments Excess of KPI target amount means that the share of 2, 6 target audience representatives (ecosystem participants) is higher among the site visitors

Ежемесячный отчет о результатах деятельности, июнь Appendixes

Monthly Report on Activities Results, June Appendix 1. Participants attraction dynamics 31. 05. 2013 9 Total number of participants as of 30. 06. 2013 929 940 216 218 195 294 297 250 253 75 77 94 Total 95 Total number of applications for receiving participant status and for preliminary review during the entire period of the project equals to 4, 884, of which 805 applications during the 6 months of 2013.

Monthly Report on Activities Results, June Appendix 2. Territorial location of participants Astrakhan Bryansk region Vladivostok Vladimir & region Volgograd Voronezh Yekaterinburg & region Ivanovo Izhevsk 10 5 1 1 3 (+1) 1 2 28 1 Omsk & region Oryol Penza region 3 1 1 Perm 7 Petrozavodsk Rostov region Ryazan Samara 1 1 3 3 110 (+1) 4 7 1 1 2 20 1 1 1 Saint-Petersburg Irkutsk Kazan & Tatarstan Kaliningrad Kaluga & region Kemerovo Krasnodar & krai Krasnoyarks & krai Leningrad region Moscow region Nalchik & Kabardino-Balkariya Nizhniy Novgorod & region Novosibirsk & region 2 25 1 4 3 4 13 1 524 (+6) 79 Saransk Saratov Stavropol krai Syktyvkar Tver Tomsk Tula Tyumen Ulyanovsk & region 3 Ufa & Bashkortostan 7 3 2 Cheboksary & Chuvashia (+1) 16 Chelyabinsk & region 9 (+2) 28 Yaroslavl & region 6 TOTAL 940 Total administrative units of Russian Federation presented 44 * Indicated in brackets is increase for the reporting month

Monthly Report on Activities Results, June Appendix 3. Grants to Participants Grant approval & disbursement by years*, mln. rub. 11 Total, mln. rub. Amount of grants approved 9 492, 4 Amount of grants disbursed 6 090, 7 Number of grants, approved for disbursement during the entire period of the project equals to 207 (21 approved in 2013), out of which 92 mini-grants Average share of project co-financing during the entire period of the project equals to 43. 7% with consideration of CPI and 45. 7% without consideration of CPI Grant approval & disbursement by cluster in 2013, mln. rub. *With consideration of changes by results of report acceptance

Monthly Report on Activities Results, June Appendix 4. Applications for intellectual property rights (CIP data) Results as of 31. 05. 2013 Results as of 30. 06. 2013 33 Applications submitted: 25 for invention or useful model, Russian and international 8 for trademark registration 12 TOTAL 12 18 15 9 16 12 (+2) (+6) (+4) 3 2 3 1 3 2 45 37 8 for computer software registration 9 Number of applications for IP objects in procession 4 10 Next month plan: Applications submitted for IP objects – 8 *Given in brackets is increase for the reporting month

Monthly Report on Activities Results, June Appendix 5. Key Partners List of Foundation Key Partners International (21) Nokia Corporation Siemens Microsoft EADS Ericsson General Electric Nokia Siemens Networks Cisco EMC Schneider Electric Honeywell Alstom Intel IBM SAP Boeing TATA Johnson&Johnson Samsung Danfoss Accenture Main indexes Russian (14) KAMAZ RU-COM OSK Holding “Composit” Reshetnev ISS SFC “Sistema” CG “Renova” Tatneft TNK-VR CG “Rosatom JSC “Lukoil” Transmashholding TMK Dauria Aerospace 13 q Number of companies – Skolkovo Foundation key partners q Number of corporate R&D centers planned for location in Skolkovo q Estimate number of personnel in R&D centers for 2015, persons as of 31. 05 ∆ as of 30. 06 33 - 35 28 2 30 3 181 330 3 511 31, 5 1, 4 32, 9 1 112 26 1 138 3 - 3 q Estimate of aggregate budget for R&D centers until end of 2015, bln. rub. q Estimate of current number of personnel in R&D centers q Number of corporate venture funds financing Skolkovo participants (NAVI and Columbus Nova (CG “Renova”), Intel Capital (Intel)) Ø 35 key partners include 21 large international company Ø Foreign companies plan constructing R&D centers on the territory of Innovation Center, with total number of personnel for 2015 – 1, 612 persons; volume of invested funds until 2015 – 17, 874, 528 thou. rub.

Monthly Report on Activities Results, June Appendix 6. Attracting venture capital, co-financing of participants List of accredited investors** Russian (36) SIF RVK Tatarstan IVF MC Leader NAVI VTB Capital Leta Group Bioprocess Bright Capital Biofund RBK i. Tech Capital Maxwell Troyka Dialog C-Group Bin Finam Allianz Rosno Russ-Invest WEB-innovations Trinfiko Sberinvest Indigo Capital Foresight Dauria Almaz Capital FPPI Runa Frontier Softline Yakutia Amhurst Capital Prostor Capital MC Univer V. G. Kulikov S. A. Tikhonov Add. Venture O. A. Yevdokimenko WAARDE Foreign (21) Exigen BVP Pangaea Russia Partners I 2 BF Oxford Bioscience Fleming Garage Sofinnova Columbus Nova E. Ventures Helix Ventures Inerjys Intel Capital Quadriga Alloy Ventures Fjord Wermuth Net Element Tamir Fishman Komtek Total agreements on accreditation for the amount of bln. rub. 14 Binding treaties signed* on investment for the amount of bln. rub. 21, 1 (+0, 3 in June) 1, 3 (+0 in June) Out of them with foreign investors for the amount, bln. rub. 0 7, 6 Number of participants supported by accredited funds 90 (+0 in June) Out of which foreign funds 15 (+0 in June) Investor accreditation, bln. rub. Evaluation of intent of accredited corporate venture funds by the end of 2015, mln. rub. 4 461 * Co-financing under grant agreements ** Highlighted bold are funds established with participation of JSC “RVK” Out which foreign funds, mln. rub. 1 860

Monthly Report on Activities Results, June Appendix 7. Foundation Key Events 15 13. 06 Seed Forum conducted in Hypercube 5. 06 Discussion on role of IP in innovative development of Russian Federation 17. 06 Launch of R&D lab “Siemens” in Skolkovo June 2013 27 20 -22. 06 St. Petersburg International Economic Forum • Agreement on cooperation between Skolkovo Foundation, Intel and “Kamaz” • Agreement with Dutch non-commercial organization Surf. Net • Agreement between Skolkovo Foundation and non-commercial Foundation “Web Ready” • Agreement on cooperation between Skol. Tech and St. Petersburg State University • Agreement on cooperation with Accenture 3 10 17 24 28 4 11 18 25 29 5 12 19 26 30 6 13 20 27 31 7 14 21 28 1 8 15 22 29 2 9 16 23 18. 06 • Meeting with first students of Skol. Tech • Launch of Technology Center Cisco in Hypercube Skolkovo 30 19. 06 Meeting with Dutch companies, universities, institutions for development and support of innovations and entrepreneurship took place in Skolkovo Technopark 26. 06 Inter-State Council on cooperation in scientific & technological and innovation spheres took place in Hypercube

Monthly Report on Activities Results, June Appendix 8. Skolkovo Participant Companies (1/2) 16 Center of Oil and Gas Technologies received intellectual property rights. Rospatent adopted positive decision on issuing patent for invention application “METHOD OF OIL PRELIMINARY PREPARATION IN FIELDS WITH MULTISTAGE SEPARATION” (author – A. A. Khamukhin, project leader). Essence of innovation • Online web-modeling for monitoring and management of separation and utilization of associated petroleum gas (APG) • Together with APG, liquid oil is also burnt on torches. Project will allow to be more energy efficient by receiving information on chemical composition of oil and gas at any oilfield plot and correcting technological parameters. • Information is collected by way of intellectual data processing, received from sensors in the field, and mathematical modeling of phase transformation of hydrocarbons Agreement on cooperation signed between JSC “Multiklet” and Eurolink Systems Group – one of the largest companies in the field of microelectronics, working on orders of the European Space Agency Essence of innovation • Development and market entering with fault-tolerant, high-performance and energy efficient processors with essentially new multicell architecture for space and telecommunication applications • Ø Ø Ø Main advantages: Fault-tolerant Dynamic reconfiguration Defect-tolerant production Natural immunity against viruses Cryptographic capabilities Anti-hacker properties

Monthly Report on Activities Results, June Appendix 8. Skolkovo Participant Companies (2/2) 17 “Thera. MAB” announced receiving 2 nd venture investment tranche in the amount of 157 mln. rub. Second stage of financing was fulfilled by “Bioprocess Capital Ventures” Essence of innovation • “Thera. MAB” Ltd plans to enter Russian and world pharmaceuticals markets with a medicine on the basis of an original monoclonal antibody (m. AB). Developed antibody TAB 08 is a first-in-class humanized m. AB of Ig. G 4 class, connecting co-stimulating receptor CD 28, specific for human T-lymphocytes. Receptor CD 28 is expressed on the surface of the absolute majority of human CD 4+ T-cells, where it effectively co-stimulates activation and increase of T-cells. • Uniqueness of the mechanism of molecule action as compared to other m. AB is the impact in the underlying cause of the illness by way of normalizing functional balance of various types of cells, and not consequences of autoimmune illnesses by blocking the forming inflammation processes “Avtodoria” launched a test version of a fixation system preventing speed violations in Republic of Kazakhstan Essence of innovation • “Avtodoria” system is a hardware & software complex designed for vehicle speed measurement by way of calculating the time which it took to coverthe distance between recorders placed along the road. • Technologies of state number optic recognition, GLONASS and EDS • Main advantages: Ø Compliance with traffic rules on longer distances Ø Unnoticeable for radar detectors Ø Legal validity of data due to use of EDS Ø Low implementation costs Ø Exact determination of place and time Ø Permanent control along the entire road Ø Search of vehicles