Presenter: Salimov Ravshan Rihsitullaevich Deputy Chairman of the “Uzeltechprom” association .

2. The potential for development of the electro technical industry and manufacturing of electronics and electrical appliances. • Presenter: Salimov Ravshan RihsitullaevichDeputy Chairman of the “Uzeltechprom” association.

3. The Uzbekistan association of radio, electronics, electro technical and instrumentation plants “Uzeltechsanoat”13, Movaraunnahr str, Tashkent, Uzbekistan, 700047Tel: (+99871) 1333631,1333628, Fax: (+99871) 1333631

4. The “Uzeltechsanoat” association was established in 1994 as a result of reorganization of the state concern of radio, electronics, electro technical and instrumentation plants “RADIOELECTRONTEHPRIBOR” in accordance with the decision of the founders, decision of the Cabinet of Ministers of Uzbekistan No.144 dated 17 of march, 1994 and the decree of the President No. UP-745 dated 21 of January, 1994 “On further deepening of economic reforms, providing protection of the private property and development of entrepreneurship”.

5. The new structure and list of members was authorized by the decision of the founders and decision of the Cabinet of Ministers of Uzbekistan No. 205 dated 30 April, 2004 “On improving the activity of The Uzbekistan association of radio, electronics, electro technical and instrumentation plants “Uzeltechsanoat”

6. The structure of the shareholders’ capital of the member joint-stock companies of “Uzeltechsanoat” Association After the implementation of the state privatization program for 2005-2006 At present 45,00% 0.30% 40,20% 33,8% 21,2% 59,50% state owned shared shares of foreign investors other shareholder's share

7. The numbers for 1.01.06 and 1.01.07 are forecasted based on the program of privatization for 2005 – 2006.

8. Distribution of the member companies of “Uzeltechsanoat” association based on the ownership forms 3,00% 47,00% 42,00% 8,00% Joint Stock Companies State owned Companies Limited Liability Companies Other Percentage of the companies with foreign investments – 45%

9. Products, manufactured by the member companies of “Uzeltechsanoat” association. 12,10% 4,10% 4,80 4,50% 58.40% 16,10 cable and wire products electronics and computers low voltage equipment power transformators refrigerators, elevators

10. JVLLC «UMT-Radio» JVLLC «SMG-ONIKS» JV «UZGLASZAYDEN» “Uzeltechsanoat” Association Distribution of the manufactured goods by companies Cable and wire products JSC JV “Deutsche Kabel AG Tashkent”, JSC JV “UZKABEL”, JSC JV“ Andijankabel” Low voltage equipment JSC JV “Uzeltectroapparat", JSC “Rele I Avtomatika” JV LLC «Elga-Asia», JV LLC «Tashelectroapparat» Electronics, telecommunication equipment and computers JSC“FOTON”, JSC “ALGORITM”, LLC “Elekor”, JSC “ONIKS” RI“Microelectronics, SPC «Qvark»,SPB «FOTON», LLCRТО VТ,JSC «KINAP»,JV «TS-Technology», Power transformers and electro technical equipment JSC “Transformator”,JSC“Uzelectroterm” JSC“Electromash” Service companies LLC “Electroremont», JSC “ANZIS”, LLC “Computer – Spectr”, LLC“Electronika”, LLC “Electrota’mir”, LLC “Saben” Refrigerators, elevators JSC“SINO”,JSC “Samarkand elevator plant”

11. Dynamics of the production volumes in 2000-2007 BLN SUM 220 156.2 80.9 63.1 39.8 29.9 20.5

12. Dynamics of the export volumes in 2003-2007 In mln USD 60 58.5 57 55.3 30.4 28.8 29.4 20.7 16.8 10.8

13. Export markets

14. Composition of the export

15. Tendencies in development of the consumer electronics and electrical appliances market in Uzbekistan • Existence of the material resources and qualified labor, attractive for investments inflow; • Favorable investment climate and macroeconomic conditions for attraction of investments; • Real consumer demand for electronics and electrical appliances.

16. Existing conditions in the industry for development of consumer electronics and electrical appliances manufacturing • Well developed manufacturing potential and qualified labor. Partially realized investment capacities. The shares of the companies, well adapted for consumer goods manufacturing are put on sale. • The state shares of cable and low voltage equipment manufacturing companies are already sold to foreign investors. • Consumer electronics and electrical appliances market for the locally made products is not fully occupied. • The government of Uzbekistan is offering wide range of benefits and preferences for the investor in manufacturing of consumer goods and parts for them.

17. “Uzeltechsanoat” association Share of the consumer goods in the production

18. Perspectives of the development of the industry • During the next three years, it is planned to implement several large scale projects, many of them are included in the state programs, such as Localization program, State investment program, Privatization program, programs for cooperation with other countries and others. • The priority in implementation is given not only to projects of establishing new companies, but also the projects of improving the existing companies, after the purchase of shares by foreign investors.

19. JSC“ALGORITM” • 45,4% of the company’s shares are offered for sale to the foreign investor as part of the state privatization program. Investment obligations will be used for technical development of the company. • Modernization of production will allow for manufacturing of printed circuit boards and electronic modules based on them, that can be used for manufacturing electronics and electrical products, including electricity consumption meters, computer parts and home electronics.

20. JSC «Foton» • 76% of the company’s shares are offered for sale to the foreign investor, under a condition of additional investments, that would be used for the modernization of production facilities and production of semiconductors. • It is planned to start manufacturing of DVD players and home entertainment systems.Technological equipment will be purchased with proceeds from the loan of EXIMBANK of China.

21. JSC“ONIKS” • 54,92% of the company’s shares are offered for sale to the foreign investor, with additional investment obligations. The investments should be used for technical modernization of the crystal manufacturing and establishment of new production facilities for the manufacturing of electrical appliances. • The company’s management has prepared an investment project for organizing a manufacturing of luminescent lamps(there is no such production in the region) and manufacturing of products based on fiberglass rowing, which is planned to be manufactured starting from 2006 at “Uzglaszeiden” JV.

22. Fiberglass products Fiberglass mesh for the construction industry Fiberglass cloth for electrical and thermal insulation Fiberglass tapes for electrical and thermal insulation Non woven felt for thermal and noise insulation Fiberglass cloth, tape and mesh with high quartz content for thermal insulation and filtering of aluminum cast

23. JSC «Sino» • 88,8% of the company’s shares are offered for sale to the foreign investor by the end of 2007, under a condition of additional investments, that would be used for the modernization of production facilities and purchase of new equipment. • The implementation of the project for installation of modern high-tech machinery, will allow for production of freezers, refrigerators and air conditioners with high level of localization.

24. “UZELTECHSANOAT” “UZELTECHSANOAT” association invites potential partners to fruitful cooperation and welcomes new offers