2013 2014

Economic Development Ministry

18% 19%

• Population of Bishkek: 1 350 000

• Projected change of GDP:

• Construction industry forecast:

2013 2014

IMF 7.4% 6.9%

Ministry of Finance 7% 7.6%

• Industry experts and National Bank of Kyrgyz Republic believe that demand for new apartments is much higher than supply

• Economy class: $600-700 per m2

• Comfort class: $750 - 950 per m2

• Business and Elite classes: $950 – 1 500 per m2

• East Star Asset Management LLC launched REIT “Sakura Bishkek”

• Raised capital: $675 000 ÷ $450 = 1500 м2

• REIT’s income: 1500 м2 × ($800 - $450) = $525 000

• ROI: $525 000 ÷ $675 000 = 77.7%

REIT Sakura Bishkek

Type Square area,

m2

Quantity,

units

Total

Area, m2

Ground floor 388,0 1 388,0

3-room 113,6 9 1 022,4

3-room 90,4 9 813,6

2-room 83,9 9 755,1

2-room 75,0 9 675,0

1-room 48,7 9 438,3

411,6 9 floors 3 704,4

45 units 4 092,4

REIT Sakura - Bishkek

Eldan Usubakunov Managing Partner

E: usubakunov.e@escapital.biz M1: +7 (929) 514 6185 M2: +996 (550) 312 000

Office in Kyrgyzstan:

102 Toktogul Street Bishkek, Kyrgyzstan

Tel: +996 312 976 266 Fax: +996 312 976 276