Brief Overview of Waste wood and agricultural residue pellet production in Western Ukraine

3. The Company has already chosen four additional locations for production sites and have preliminary agreements with local authorities to secure long-term development. Each location has a sufficient raw material base (one in Rivne and three in Ivano-Frankivsk region)

4. SIV benefits from the following advantages:

5. Excellent location: close proximity to European Union (EU) – the largest and most prospective market for SIV products

6. Potential sales agreements directly with power producers

7. Availability of detailed and comprehensive financial model and business plan, highlighting clear vision and distinct focus on future operations of the Company

8. Strong management team in place with well-developed political and financial connections, which is fully qualified to lead the Company to the next stage of its development

9. Ongoing discussions about private placement with several potential Strategic InvestorsSIV production location Management: Strong management team in place with well-developed political and financial connections Production: Existing production – 2 Mt/hour; All four additional locations for future production sites have preliminary agreements with local authorities already in place Procurement: Harvested lumber in 2008: Ivano-Frankivsk – 865 ths. m3(Source: Appendix 1) Rivne– 1,321 ths. m3(Source: Appendix 1) 2

11. Geographical location of Ukraine is one of the major factors, which contributes to business development with EU

14. The Project further stipulates an increase in the Company’s production capacity to 40 plants by construction of additional 39 plants

15. The development plan envisions an increase in the total quantity of plants by nine units over the first 24 month period. As soon as the Company operates ten plants, it will generate surplus cash that can be reinvested to meet future investment costs

16. The Company’s management also looks for further opportunities to merge with a well-managed, Ukrainian Agricultural Company in order to safeguard and diversify its raw material resource base for its growing productionSTRATEGY 6.Bio Energy sector leader 5. IPO in 2011 - 2014 4. Begin Production of MBP 1 3.Merge with Agricultural Company (to safeguard resource base) The strategic goal of the Company is to become the leading Bio Energy Company in Eastern Europe 2. Further production expansion 1. Attract Strategic / Financial Investor Note 1: MBP - Mixed biomass pellets are a newcomer on the pellet market. Due to low production costs this biofuel became very attractive. MBP can be produced from straw, grains, various types of grass, leguminous plants, flowers, fruit and a mixture of these materials (with some wood added).

18. Based on wood industry experts representation there were approximately 15 million cubic meters of liquid lumber harvested in 2008 (see Appendix for details). If smaller, ‘mom & pop’, sawmill operations are taken into account, this figure doublesWood-working output and wood waste in Ukraine Source: Ukrainian Statistics & Management’s estimate

20. An Agricultural Company harvesting 30 thousand hectares, with an average yield of 3 tonnes per hectare will potentially produce enough straw for producing approximately 90 thousand tonnes of pellets and leave one tonne of straw per hectare for soil conservation and replenishment

21. Thus, in a further measure to sustainably ‘backup’ the company with straw required for production of up to 500,000 tonnes of pellets, SIV would require Agriculturally cropped land of circa 160,000 hectares, which represents less than 0.5% of Ukraine’s arable land Cropping and Residues 2007- 2009 Source: USDA Data, Management’s estimate

23. Extract of Balance sheet and profit and loss is shown below

24. Full set of the financial statements is available upon requestSource: IFRS financial statements Source: IFRS financial statements

26. Scenario 1 – not tax for 5 years (most probable)

28. Project’s net present value amounts to EUR70 to 76.1million (real discount rate 14.00%)

29. Enterprise value, when the Company will reach its target production capacity is circa EUR136 million

30. Project payback period is 4.0 – 5.2 years

31. Discounted Project payback period is 4.8 – 5.6 yearsROI 8 Economics Valuation summary Source: Management’s estimate Source: Management’s estimate

33. The plan is to finance the project with a combination of equity 30% and debt 70% as shown in the tables on the right

34. SIV project gives investors a very attractive internal rate of return (IRR) 51% for 5 calculated based on 5 year period and 94% - 10 year period

35. Interest rate for the debt financing was assumed to be 12.5% in 2010 with decrease down to 10% starting from 2011Source: Management’s estimate Source: Management’s estimate

36. 10 Organization Company’s Management

37. Organization Legal and ownership structure 11 Ownership Structure Lapersa Enterprises Ltd, Cyprus Revane Ltd. BVI Alexander Trager, private individual Roman Mazhak, private individual 24% 15% 31% 30%+1 S.I.V. Holdings Ltd, Cyprus 100% EkoBio-Top, Ukraine Operating FACTORIES (40) Operating FACTORY (1) Note: All shareholders are founding shareholders except for Revane Ltd

39. This document has been prepared because S.I.V. Holdings Ltd intends to raise funds to execute its business plan, which may include bank loans, merging with a strategic partner to form a joint company, or the sale of a significant equity stake

40. This document includes the basic information, estimates and forecasts, which have been prepared by S.I.V. Holdings Ltd. This document is provided exclusively to assist interested parties in making decisions on the advisability of further study of the investment opportunity. Any recipient of this material should conduct its own analysis of the potential investment, and understand that the receipt of this material from S.I.V. Holdings Ltd in no way signifies confirmation that the Transaction is justified

41. S.I.V. Holdings Ltd will not be liable in any way for any representations or warranties directly or indirectly contained/arising from this material

42. In providing this document, S.I.V. Holdings Ltd. reserves the right at any time to make changes or fully replace it. Nothing in this document may and should be deemed to be or interpreted as an obligation or promise regarding the future

43. For any information relating to this opportunity, please, contact:12

44. 13 Appendix 1 Harvest liquid lumber, 2008