Land plots

Lease

The following formula is applied to calculate lease costs under agreements concluded with legal entities and individual entrepreneurs registered as Kaluga industrial Special Economic Zone residents:

LP1 = Рmax x Ki, where

LP1 - lease payment under a lease agreement concluded with legal entities registered as Lyudinovo industrial Special Economic Zone residents;

Рmax - maximum amount of lease for land plots, i.e. 2 per cent of their cadastre value per annum;

Ki - coefficient impacting the amount of the lease payment for Lyudinovo special economic zone residents, namely:

for residents making capital investments in Russian rubles in the amount of not less than EUR 10 (ten) million (excluding intangible assets) - 0.9;

for residents making capital investments in Russian rubles in the amount of not less than EUR 20 (twenty) million (excluding intangible assets) - 0.7;

for residents making capital investments in Russian rubles in the amount of not less than EUR 30 (thirty) million (excluding intangible assets) - 0.5.

The above coefficients shall be unchanged for a period of 5 (five) years from the date of their first application to calculate the lease payments under the lease agreements.

(Order of the Ministry for Economic Development of the Russian Federation No. 190 of July 14, 2006)

Cadastre land value as of December 1, 2012 – RUR 1,331,121,615.12.

Land plot acquisition

Lessees of land plots located inside the Special Economic Zone territory, who own newly built property, shall have a right to acquire land plots under their facilities. The price of the land plot shall be determined by the land plot owner pursuant to the Land Code of the Russian Federation.