Investor Presentation

1. Investor Presentation 2013

2. Disclaimer By attending this presentation, you agree to be bound by the foregoing limitations. This presentation has been prepared by OJSC Cherkizovo Group (the "Company") solely for use in connection with the presentation to investors of the Company’s annual financial and production results and is not made in contemplation of any offering of any of the Company’s securities. This presentation is strictly confidential to the recipient and may not be reproduced, redistributed or passed on, directly or indirectly, to any other person or published, in whole or in part, by any medium or for any purpose. Failure to comply with this restriction may constitute a violation of applicable securities laws. This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, or any offer to underwrite or otherwise acquire any securities in the Company, nor shall it or any part of it nor the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto. The information contained in this presentation has not been independently verified. The information included in this presentation is subject to updating, completion, revision and amendment and such information may change materially. No person, including the Company, is under any obligation to update or keep current the information contained in the presentation and any opinions expressed in relation thereto are subject to change without notice. Accordingly, no representation or warranty or undertaking, express or implied, is given by or on behalf of the Company or any of its respective members, directors, officers or employees or any other person as to, and no reliance should be placed on, the accuracy, completeness or fairness of the information or opinions contained herein. None of the Company or any of its respective members, directors, officers or employees nor any other person accepts any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or otherwise arising in connection therewith. This presentation includes forward-looking statements that reflect the Company's intentions, beliefs or current expectations. Forward-looking statements involve all matters that are not historical fact. The Company has tried to identify those forward-looking statements by using the words "may", "will", "would", "should", "expect", "intend", "estimate", "anticipate", "project", "believe", "seek", "plan", "predict", "continue" and similar expressions or their negatives. None of the future projections, expectations, estimates or prospects in this presentation should be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared are correct or exhaustive or, in the case of the assumptions, fully stated in the presentation. The Company assumes no obligations to update the forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. These forward-looking statements are subject to risks, uncertainties and assumptions and other factors that could cause the Company's actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, general economic conditions in Russia, the European Union, the United States and elsewhere, and the Company's ability to respond to trends in its industry. Additional factors could cause actual results, performance or achievements of the Company to differ materially. The Company and each of its directors, officers, employees and advisors assume no obligation or undertaking to release any update of or revisions to any forward-looking statements in this presentation and any change in the Company’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation. This presentation is made to and directed only at persons in Member States of the European Economic Area who are qualified investors within the meaning of Article 2(1)(e) of the Prospectus Directive (2003/7/EC) ("Qualified Investors"). In addition, this presentation is made to and directed at (i) persons outside the United Kingdom, (ii) investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"), (iii) high net worth individuals, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (such persons, "Relevant Persons"). Any person who is not a Relevant Person should not act or rely on this presentation or any of its contents. This presentation is not an offer of securities for sale in the United States.  The Company has not registered and does not intend to register any of its securities in the United States or to conduct a public offering of any securities in the United States.  Any of the Company’s securities may not be offered or sold in the United States absent registration or pursuant to an exemption from, or transaction not subject to, the registration requirements of the Securities Act of 1933 (the "Securities Act"). You understand that this presentation is not directed at persons located in the United States other than “qualified institutional buyers” (“QIBs”) as defined in Rule 144A (“Rule 144A”) under the Securities Act. You acknowledge that you are a QIB in the United States or that you are not located in the United States. Neither this presentation nor any copy of it may be taken or transmitted into Australia, Canada or Japan or to any persons or to any securities analyst or other person in any of those jurisdictions. Any failure to comply with this restriction may constitute a violation of Australian, Canadian or Japanese securities law. The distribution of this presentation in other jurisdictions may be restricted by law and persons into whose possession this presentation comes should inform themselves about, and observe, any such restrictions. The Company has not registered and does not intend to register any of its securities under the applicable securities laws of Australia, Canada or Japan, and, subject to certain exceptions, none of the Company’s securities may be offered or sold within Australia, Canada, or Japan or to any national, resident or citizen of Australia, Canada or Japan. $ symbol in this presentation stands for US Dollar, m stands for million. t stands for tonne (1000kg), kt for 1000 tonnes. USD/RUR exchange rate: 30.26 RUR/$ in 1Q12, 31.07 RUR/$ in 4Q12, 30.41 RUR/$ in 1Q13, 32.0 RUR/$ for 2013P . All figures in graphs are rounded to whole numbers.

3. Cherkizovo Group – The Largest Meat Company in Russia 2012 Sales: $1 581.7m 2012 EBITDA: $314.6m Pork 2012 Total sales: $263.2m 2012 EBITDA: $91.6m Poultry 2012 Total sales: $842.1m 2012 EBITDA: $173.6m Meat Processing 2012 Total sales: $568.5m 2012 EBITDA: $53.5m Grain 2012 Total sales: $35.8m 2012 EBITDA: $13.8m #2 in Russia #2 in Russia n/a Market Position #3 in Russia Live pigs, pork carcasses, fresh pork cuts Sausages, salamis, fresh retail-format meat, ready-to-cook products Chilled/frozen poultry Wheat, barley, corn, sunflower Products Brands • 14farms • Total capacity (t.p.a):180000** • 7 clusters • Total capacity (t.p.a): 425 000* • 51 000 ha of land- • bank (Orel, Voronezh, Moscow regions) • 6plants • Total capacity (t.p.a): 158000*** Facilities *Live weight, ** Live weight *** Prepared products Source: Poultry Union of Russia, Pork Union of Russia, Meat Union of Russia, Company’s Financials

4. 1Q13 Operating and Financial Results Operating and Financial Performance

5. Strategy at work • POULTRY • Breeding facility and a feed mill with annual capacity of 300,000 tonnes in Bryansk cluster expected to be completed until the end of 2013 • Investments into “Zarechnaya”production capacity in Penza cluster in order to reach 140 000 lwt in 2013 • Continued development of Elets integrated poultry production facility • POULTRY – TURKEY • An agreement to set up a turkey meat production joint venture with Spain’s Grupo Fuertes was signed. The new plant, due to be operational in 2015, will be in the Tambov region. Planned investment slightly more than EUR 100 m, split 50/50. • PORK • Three new pork complexes in the Lipetsk, Tambov and Voronezh regions, launched in 2012, are fully operational and working at full capacity, resulting in a significant increase in pork production volumes. • MEAT PROCESSING • Renovation of a semi-cooked meat products facility began at the Cherkizovsky Meat Processing Plant in Moscow. The new facility will produce semi-cooked meat products under the popular Cherkizovsky brand. • Renovation of a slaughterhouse at the Penza Meat Processing Plant got under way • GRAIN • Successfully launched Grain division, that reported a harvest of approximately 115 000 t of grain products in 2012. Grain storage facilities reached an impressive 500 000 t. For 2013 agricultural season Cherkizovo plans to increase crop harvest by 30% y-o-y to 150 000 t.

6. Operating results. Sales volumes. Poultry Pork Grain Meat Processing *This volume decrease was due mostly to high sales of the 2012 grain harvest at the end of 2012 following a more favorable price environment.

7. Operating results. Selling Prices. Poultry Pork Meat Processing Grain

8. Financial Performance. Group Results. High Cost of Sales and weak poultry and pork price environment negatively impacted the company’s financial results in the first quarter Net Income, $m EBITDA, $m Sales, $m *Adjusted EBITDA represents income before income tax and non-controlling interests adjusted for interest, depreciation and amortization and certain other items

9. Poultry Division • Factors affected segment’s profitability in 1Q13 • High cost of sales: wheat price up by 30% q-o-q in 4Q 12 • Weak poultry price environment: price declined by 9% q-o-q for 1Q 13 Gross profit, $m Sales, $m EBITDA, $m *Cost of Sales - Grain Union data, price change calculated for 4 grade wheat **Poultry price - Rosstat data

10. Pork Division • Factors affected segment’s profitability in 1Q13 • High cost of sales: wheat price up by 30% q-o-q in 4Q 12 • Weak pork price environment: price declined by 11% q-o-q for 1Q 13 Gross Profit (Loss), $m EBITDA, $m Sales, $m 61.4 80.5 Cost of Sales - Grain Union data, price change calculated for 4 grade wheat Pork price - Rosstat data, price for live pigs

11. Meat Processing Division MP segment’s profitability benefited from low price for pork and poultry as well as from optimization product mix toward high value added products (on a lesser extent) Sales, $m Gross profit, $m EBITDA, $m

12. Grain Division In 2013 Cherkizovo plans to harvest 150 000t of grain (30% higher than in 2012) Sales, $m Gross Profit (Loss), $m EBITDA and Division Profit (Loss)

13. Capital Expenditures and Debt Capital expenditure, $m Debt profile, $m * Management estimates, including Elets – $255 m 1Q13 2013P* 1Q 12 Bryansk, Penza: investments into breeding facility and fodder production facility Moscow region:investments into breeding facility Elets: Investment into fodder production facility 7% Poultry 6% 5% 95% 93% 94% Penza: Investments into fodder production facility and elevator Voronezh: investments into elevator Pork Meat processing Investments into Penza and Moscow plants ** Defined as EBITDA divided by interest expense

14. 1Q13 Consolidated Financial Statements

15. Key Consolidated Income Statement and Data

16. Cherkizovo Group – Balance Sheet

17. Summary Consolidated Cashflow Statement

18. Analysts

19. Investor calendar 2013 August30 October1-3 1H 2013 FinancialResults VTB conference September October31 AlfaBankAgroDayTBC 9M 2013 TradingUpdate September Road Show November (Week47-48) 9M 2013 FinancialResults Contacts: Alexander Kostikov Head of IR and Communications +7 495 788 3232 ext. 5019 a.kostikov@cherkizovo-group.com Tatyana Elizarova Senior IR Manager +7 495 788 3232 ext. 5236 t.elizarova@cherkizovo-group.com