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This letter of gratitude is to certify that LLC "MARASHSTROY" was a successful General Contractor for Prime Mall Antakya, located in Antakya, Turkey.

During the construction process, LLC MARASHSTROY was fulfilling the functions of General Contractor and Engineering Supervisor.

LLC MARASHSTROY has successfully managed all construction works in accordance with agreed time schedule, not only showing their quality workmanship capacity, but also providing their project management, logistics coordination, administrative skills and problem solving abilities.

At all stages of construction starting from the moment of site preparation till the moment of site commissioning - specialists of LLC MARASHSTROY followed the quality and maintenance of all technical and technological norms.

Hope to continue our fruitful cooperation in the future.

This is to certify that LLC "MARASHSTROY" has successfully completed the turn-key project of 10,000 m² warehouse premise in Nizhny Novgorod/Nekludovo. Scope of works consisted of mainly the following items under a design&build contract agreement:

• Design
• Receipt of all necessary approvals and construction permit
• Cast-in-situ concrete foundation, columns, slab on grade with surface hardener application
• Steel roof structure and roof covering
• Facade with sandwich panels, prefabricated socle panels
• Finishing works of internal technical rooms
• Ventilation systems
• Power distribution and lighting systems
• Fire protection and signalization systems
• Landscaping works
• Receipt of operation permit

Marashstroy has managed all above listed works in coordination with the employer and local authorities. Marashstroy proved their high quality workmanship, project management skills and logistics ability.

As the General Director of the Posuda, I am pleased with their performance for the subject works.

Reference letter

Hereby we certify that LLC Marashstroy has successfully completed turn-key fit out works of Iveco Russia LLC office premise in Khimki Business Park Second Building, where OOO IKEA MOS (Retail and Property) is the Landlord. Scope of works consisted of mainly the following items under design&build contract agreement:

• Design of premises in coordination with Landlord and Iveco Russia LLC
• Architectural installations
• Heating, ventilation and cooling systems
• Power distribution and lighting system
• Fire protection system
• Sanitary system installations

Marashstroy has managed above listed works in coordination with building administration team without disturbing building functions and proved their high quality workmanship, project management skills and logistics ability.

As tenant of the subject office premise we have received the premise on time from Marashstroy and are pleased with their performance for the subject work.

Dear Mr. Karaca:

This letter of gratitude is to certify that LLC "MARASHSTROY" was a successful General Contractor for Prime Mall Antakya, located in Antakya, Turkey.

During the construction process, LLC MARASHSTROY was fulfilling the functions of General Contractor and Engineering Supervisor.

As being the Project Management Consultant of the project we would like to mention that LLC MARASHSTROY has successfully managed all construction works in accordance with agreed time schedule, not only showing their quality workmanship capacity, but also providing their project management, logistics coordination, administrative skills and problem solving abilities.

At all stages of construction starting from the moment of site preparation till the moment of site commissioning - specialists of LLC MARASHSTROY followed the quality and maintenance of all technical and technological norms.

Hope to continue our fruitful cooperation in the future.

This recommendation letter is to certify that OOO МАРАЩСТРОЙ (MARASHSTROY LLC) was the successful Contractor for IKEA Mega Teply Stan Shopping Center, Phase 0 Extension on Project.

Phase 0 Extension Works consisted of about 3,000 m² construction area in fully completed and functioning Mega Teply Stan Shopping Center in Moscow. Contractor had in his scope the following works basically, under a supply & installation contract:

• Demolition of existing structures and systems in extension zone
• Structural and architectural installations including roof revision structural modification works
• Heaving, ventilation and cooling systems
• Power distribution in extension zone including modifications in existing main distribution boards
• Fire alarm and fire announce system
• Sprinkler and fire hose cabinet piping system
• Smoke exhaust and pressurization system

Marashstroy has successfully managed all works above in accordance with agreed time schedule, not only showing their quality workman ship capacity but also proving their project management, logistics coordination, administrative skills and problem solving abilities.

As Project Manager of the subject project, I am quite pleased and satisfactory working with Marashstroy and wish our cooperation with them shall continue in other projects in future as well.

This is to certify that Mr. Selcuk Karaca was the General Contractor's coordinator of the construction of Mega Family Shopping Center is Kstovo district of Nizhniy Novgorod region.

MEGA Family Shopping Center has a total floor area of 125,000 m² and in addition 120,000 m² parking underneath the shop floor. In the Center there are about 150 tenants including the anchor tenants IKEA, AUCHAN and OBI.

The contract with the General Contractor was a Design & Built Lump Sum contract with a final total amount of 125,000,000 USD. The construction period was 15 months and Mr. Karaca successfully managed to finish the Center in order for all tenants to open on the planned day.

Mr. Karaca has not only been a cooperative and inspiring person to work with, but has also proven his capacity by fulfilling a tough task in the construction of this project with satisfactory quality.

Wir bestaettingen hiermit, das die Firma "LLC Marashstroy" fuer den Khimki Business Park/Moskau, die interenen baulichen Massnahmen des 2. Gebaeudes zur schluesselfertigen Uebernahme, zu unserer vollen Zufriedenheit ausgefuehrt hat.

Der Vertrag umfasste die Plagung und Konstruktion von ca. 20.000 Quadratmetern mit den folgenden Aufgaben:

• Planung der Bueroflaechen mit Betreiber und Mietern
• Interieur
• Ventilation, Kuehlung und Heizung
• Elektrik und Beleuchtung
• Feuersysteme
• Sanitaeranlagen
• Transformeranlage in der Untergrundgarage

LLC Marashstroy hat die oben angegebenen Arbeiten in Verbindung mit IKEA Hamin (Bauherr/Vermieter und Betreiber) und den Mietern erfolgreich abgeschlossen.

Durch gute Planung, logistische Flexibilitaet und gute Management Faehigkeiten konnte der Buerobetried reibungsos aufrecht erhalten warden.

Bei etwaigen Rueckfragen, stehe ich Ihnen natueclich gerne zur Verfuegung.

This is certify that LLC Marashstroy has successfully completed turn-key fit out works of Hasbro office premise in Khimki Business Park Second Building where LLC IKEA MOS (Retail and Property) is the Landlord. Scope of works consisted of mainly the following items under a design&build contract agreement:

• Design of premises in coordination with Hasbro
• Architectural installations
• Heating, ventilation and cooling systems
• Power distribution and lighting system
• Fire protection system
• Sanitary system installations
• Cooling system for server room
• Telephone and data network

Marashstroy has managed all above listed works in coordination with building administration team without disturbing building functions and proved their high quality workmanship, project management skills and logistics ability.

As tenant of the subject office premise we have received the premise on time from Marashstroy and are pleased with their performance for the subject work.

This is certify that LLC Marashstroy has successfully completed turn-key fit out works of Aer Rianta International's office premise in Khimki Business Park Second Building, where OOO IKEA MOS (Retail and Property) is the Landlord. Scope of works consisted of mainly the following items under a design&build contract agreement:

• Design of premises in coordination with Landlord and Aer Rianta International LLC
• Architectural installations
• Heating, ventilation and cooling systems
• Power distribution and lighting system
• Fire protection system
• Sanitary system installations

Marashstroy has managed above listed works in coordination with building administration team without disturbing building functions and proved their high quality workmanship, project management skills and logistics ability.

As tenant of the subject office premise we have received the premise on time from Marashstroy and are pleased with their performance for the subject work.

This recommendation letter is to certify that MARASHSTROY Ltd is a successful contractor of BNP PARIBAS Vostok which performed fit put and data center utility system works in Khimki Business Park, Second Building where OOO IKEA MOS (Retail and Property) is the Landlord and BNP Paribas Vostok is the tenant.

Marashstroy has performed the works in two phases:

• Office premises fit out works
• Data center utility system works

Fit out works consist of mainly the following items under a design & build turnkey contract agreement with Landlord:

• Design of premises in coordination with Landlord and BNP Paribas
• Architectural installations and finishes
• Heating, ventilation and cooling systems
• Power distribution and lighting system
• Fire protection system
• Sanitary system installations

Data center utility system works have been performed similarly under a design & build turnkey contract agreement with BNP Paribas. Works consist of basically but not limited as follows:

• Design of additional power supply and cooling system works
• Cooling system equipments installation
• Construction of diesel generator and UPS premises in underground car park
• Supply and installation of diesel generators and emergency UPS
• Power distribution works between underground car park, BNP Paribas data center and roof of building
• Gas suppression system installation
• BMS all utility systems

Marashstroy has managed above listed works proving their project management skills and logistics ability.

As a project manager of the listed works, I am satisfied with the Marashstroy work and would be happy to work with them in future projects as well.

To Whcm It May Concern,

Thit is certify that LLC Marashstroy has successfully completed turn-key external, landscaping and road construction works of about 9,000 m2 hotel territory for TUI Hotel, in Kaluga, Russia.

Scope of works consisted of mainly the following items:

• Earthworks
• External communication network
• Concrete works for various foundations
• Backfilling with sand and gravel
• Road construction from road plates
• Landscaping
• Perimetral fence

Marashstroy has managed all above listed works in coordination with other subcontractors at site and proved their high quality workmanship, project management skills and logistics ability.

As the Project Manager of that investment, I am pleased with their performance for the subject work.

Proma Estate management team would like to express its satisfaction to Marashstroy for its cooperation and high professionalism demonstrated until today in the course of the construction works of the logistic center Kstovo Industrial Park, in Nizhniy Novgorod.

Marashstroy was awarded in December 2007 the shell works of the 1^st building of the project (3 buildings in total, surface of 1 buildings is around 60'000 m²).

Marashstroy was recently awarded also the following works: water and sewage piping, roads and landscaping, fire protection works, for the 1^st phase of the project. The works have just started.

Regarding the shell works, they are performed until today with high quality with in the term.

Hope to continue our fruitful cooperation in the future.