Dear Ladies and Gentlemen!

Reviewing the 2012 annual results, the NIAEP Board of Directors is pleased to declare: NIAEP-ASE Integrated Company established one year ago successfully performating the Strategy of State Corporation ROSATOM on Industry-Specific Engineering Development and demonstrates readiness to make fresh gains in Russia, as well as worldwide.

Today, JSC NIAEP is one of the leading engineering companies in Russia. During construction of Kalinin NPP unit 4, commissioned in 2012, JSC NIAEP performed the functions of the General Contractor. Kalinin-4 is the most significant project for the national nuclear power industry which demonstrated high professionalism of Russian nuclear experts. The unit was constructed green field within the time limits set and with considerable cost cutout.

Currently, NIAEP is engaged in construction of units 3 and 4 of the Rostov NPP, units 1 and 2 of the Baltic NPP, and second stage construction of the Yuzhnouralsk HPP and the Kursk NPP. These large-scale projects prove customers’ confidence in the Company and its management.

In 2012 JSC NIAEP acted as Management Company of JSC Atomstroyexport, having successfully accomplished such tasks as full capacity operation of the Bushehr NPP (Iran), preparation for a reactor start-up of the Kudankulam NPP (India), initial concrete placement for Tianwan NPP unit 3 (China), construction site mobilization for the Ostrovets NPP (Belorussia), design and survey work organization at the Akkuyu NPP (Turkey), the Ninh Thuan NPP (Vietnam) and the Ruppur NPP (Bangladesh).

The NIAEP Board of Directors is confident that the Integrated Company will become the center of industry-specific engineering business development. Company’s priorities remain unchanged: quality, innovativeness, efficiency, and safety above all. The high culture of environmental safety is an essential competitive advantage of NIAEP, necessary for successful promotion of domestic nuclear technologies on the world market.

Chairman of the Board of Directors of JSC NIAEP, Deputy General Director and Director of Department for Development and Global Business of State Corporation ROSATOM

K.B. Komarov