4.MIFA Activity 2011

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    The activity ofThe activity of MMaarculerculesstiti

    nternat ona ree a rportnternat ona ree a rport nn

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    FIAM

    Free International AirportFree International Airport

    MarculestiMarculesti is dislocatedis dislocatedon the territory of theon the territory of the

    former military baseformer military base (MiG(MiG--

    29) at a distance of:29) at a distance of:

    11000 km0 km RomRomaaniania (EU)(EU)

    4545 kmkm UUkkrainrainee

    6 km6 km FlorestiFloresti ccityity;; 28 km28 km BaltiBalti ccity;ity;

    150 km150 km ChisinauChisinau ccityity;;

    1 km1 km thethe railway netrailway net ;;

    1 km1 km thethe fuel basefuel base with a capacitywith a capacity 14 00014 000tons;tons;

    2 km2 km thethe refrigerator with the capacity ofrefrigerator with the capacity of

    1 500 tons.1 500 tons.

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    CreatedCreated to accelerate the development of air transports,to accelerate the development of air transports,aeronautical and logistics services, industrial production orientedaeronautical and logistics services, industrial production oriented

    to export, foreign commercial activityto export, foreign commercial activity(Law of the Parliament of the Republic of Moldova(Law of the Parliament of the Republic of Moldova 178178--XVI dated July 10, 2008)XVI dated July 10, 2008)

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    60 ha

    206 ha

    Total surfaceTotal surface 266 ha:266 ha: airportairport territory (206 ha)territory (206 ha) &&

    development territory (60 ha).development territory (60 ha).

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    the regime of contingency and licensing at thethe regime of contingency and licensing at theimport and export of goods (services) shall not beimport and export of goods (services) shall not be

    appliedapplied;;

    exemptionsexemptions from customs dutiesfrom customs duties;;

    VATVAT tax ratetax rate toto zerozero;; exemptionsexemptions from excise dutiesfrom excise duties..

    FFACILITIESACILITIES

    AADDVANTAVANTAGESGES

    favorable geographical location/crosswords E &A/favorable geographical location/crosswords E &A/

    absence of an analogical object iabsence of an analogical object inn thethe regiregioon;n; staffstaff,, inclusivelyinclusively flight andflight and tetecchnichnicalal skilledskilled;;

    possibilitypossibility of hiringof hiring skilled labour power ;skilled labour power ;

    special guarantees from the part of statespecial guarantees from the part of state..

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    During the last years of activityDuring the last years of activity

    the enterprise succeeded in showing upthe enterprise succeeded in showing up

    on the international market of air transport,on the international market of air transport,including the aircraft from the endowmentincluding the aircraft from the endowment

    (after repair, extension of resources and modernization)(after repair, extension of resources and modernization)

    in contracts on UN humanitarian programs and ensuring,in contracts on UN humanitarian programs and ensuring,

    at the same time, the humanitarian actionsat the same time, the humanitarian actions

    to the command of countrys leadership (Africa, Indonesia, Afghanistan etc.)to the command of countrys leadership (Africa, Indonesia, Afghanistan etc.)and needs of National Army (participation in Partnership for peace and others).and needs of National Army (participation in Partnership for peace and others).

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    Number of residentsNumber of residents

    As of 01.01.2012 the Free Airport had 12 registered residents.As of 01.01.2012 the Free Airport had 12 registered residents.

    During the reporting period, 10 residents conducted financialDuring the reporting period, 10 residents conducted financialand economic activities, between of them:and economic activities, between of them:

    -- SESE MarculestiMarculesti InternationalInternational Airport,Airport,

    -- MSCMSC BasaBasa ConsnavConsnav LLC,LLC,-- CACA AIMAIM AIRAIR LLC,LLC,

    -- AIMAIM HandlingHandling LLCLLC,,

    -- CACA HangarHangar LeasingLeasing GrupGrup LLCLLC

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    The average number of employeesThe average number of employees

    working at the Free Airport during the reporting period wasworking at the Free Airport during the reporting period was

    404 persons.404 persons.At the end of 2011, most people were employed by:At the end of 2011, most people were employed by:

    --

    MSC BasaMSC Basa Consnav LLCConsnav LLC -- 87 persons87 persons

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    Total amount of investmentsTotal amount of investments

    throughoutthroughout thethe periodperiod ofof thethe FreeFree AirportAirport activityactivity(May(May 20092009 -- DecemberDecember 20112011),), asas of of 0101..0101..20122012 thethe

    investmentsinvestments volumevolume amountedamounted toto 77..9292 millionmillionUSD,USD, includingincluding 11..5656 millionmillion USDUSD inin 20112011..

    TheThe generalgeneral investorinvestor -- SESE MarculestiMarculesti InternationalInternationalAirportAirport investedinvested individualindividual financialfinancial resourcesresources inin

    .. ,,

    55..99 millionmillion USDUSD of of capitalcapital fundfund --constructionconstruction ofof buildingsbuildings andand structures,structures, purchasepurchaseofof aircraft,aircraft, machinery,machinery, equipmentequipment andand trucks,trucks, andand

    00..99 millionmillion USDUSD inin infrastructureinfrastructuredevelopmentdevelopment capitalcapital repairrepair of of buildings,buildings,constructionconstruction ofof pipelinepipeline andand power power backupbackupsystem,system, roadsroads pavement,pavement, hangarshangars refittingrefitting intointowarehouses,warehouses, etcetc..

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    The volumeThe volume of cof construction and assemblyonstruction and assembly

    worksworks in 2011in 2011 7.9 mil MDL,7.9 mil MDL,the volume ofthe volume of wholesalewholesale 3.4 mil MDL,3.4 mil MDL,

    thethe volumevolume ofof autoauto servicesservices 1010..00 milmil MDL,MDL,

    thethe volumevolume ofof taxetaxess 55..33 milmil MDLMDL..

    TThehe amountamount ofof netnet wageswages forfor thethe reportingreportingperiodperiod waswas 1111..2222 millionmillion MDLMDL andand thethe averageaverage

    monthlymonthly salary,salary, forfor residentsresidents separatelyseparately waswasfromfrom 980980 upup toto 33,,040040 MDLMDL..

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    MDMD--5028, Lunga, Floresti5028, Lunga, Floresti

    Republic of MoldovaRepublic of Moldova

    www.airportmarculesti.comwww.airportmarculesti.com

    ee--mail:mail:

    a m.ma a rpor marcu es .coma m.ma a rpor marcu es .com

    ChisinauChisinau-- OfficeOffice

    Vasile Alecsandri 100/AVasile Alecsandri 100/A

    Tel.:/Fax.: +373 22 234299Tel.:/Fax.: +373 22 234299