RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of June 1, 2010 No. PP-1346

About the organization of activities of the company with foreign investments for bus manufacturing of the Mercedes Benz brand in the Republic of Uzbekistan

For the purpose of ensuring further sustainable development of automotive industry of the republic, deepening of its integration with the leading global manufacturers of vehicles, implementations of modern technologies of management of production processes and expansions of production of modern competitive products:

1. Take into consideration that:

between JSC Uzavtosanoat and the Mercedes-Benz Buses Central Asia company which is 100 percent affiliated enterprise of Daimler AG concern the Agreement on creation of the company with foreign investments on bus manufacturing based on the Mercedes Benz chassis in the form of obshchestva s ogranichennoy otvetstvennostyyu Manufacturing Buses Central Asia-A Mercedes-Benz Buses-Uzavtosanoat Joint Venture (MB Central Asia LLC) with the authorized capital in the amount of, equivalent to 8 million US dollars is signed on May 7, 2010;

JSC Uzavtosanoat possesses 49 percent of the authorized capital of MV Central Asia LLC, and the Mercedes-Benz Buses Central Asia companies - 51 percent.

2-3. Confidentially.

4. Exempt for a period of 5 years:

MV Central Asia LLC from the date of its state registration from payment of all taxes operating in the territory of the Republic of Uzbekistan and also obligatory payments in Republican road fund under the Ministry of Finance of the Republic of Uzbekistan;

buyers of vehicles of production of MV Central Asia LLC from payment of collection in Republican road fund under the Ministry of Finance of the Republic of Uzbekistan in case of their primary acquisition at the producer of these vehicles, and also at his official dealers and the leasing organizations;

from customs payments (except customs fees) the goods imported by MV Central Asia LLC, used for self-produced buses and their after-sale field service according to the list according to appendix.

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