PRESS-RELEASE Q4 2010 The French company PORCHER INDUSTRIES and the Russian company Prepreg – Advanced Composite Materials signed a preliminary shareholders' agreement on the establishment in Russia of a facility producing textile materials made of carbon fiber. Prior Shareholders’' Agreement, entered into force in Q4 2010. The parties intend to cooperate to implement joint projects of mutual interest in various sectors of economics on the territory of Eastern Europe (CIS and Baltic Republics) and Central Asia. The parties expressed their intention to organize the production of carbon fiber textile materials in the Russian Federation, a joint venture and operating company. The joint venture will be registered in accordance with the laws of Cyprus. Joint stock shares of Joint Venture Company are: 51% - PORCHER INDUSTRIES, 49% - Prepeg-ACM, which is part of the Holding Company "Composite" and a joint project with RUSNANO. Operating Company PORCHER COMPOSITES Russia will be founded in accordance with Russian law and will be responsible for the development, production, promotion and sale of textile materials made of carbon fibers, which will be used as parts production based on composites materials for aerospace, aeronautics and other industries. Share of Joint Venture in joint stock of PORCHER COMPOSITES Russia is 100%. The final terms of the Project and Business Plan will be formed in the next three months. Press Service PORCHER INDUSTRIES & Prepreg – Advanced Composite Materials. In Russia – Aleksey Ivanenko (Tel: +7 985 729 9891) As a leading company in textile technology since 1912, the PORCHER INDUSTRIES group has consistently anticipated advances in technology and industry, allowing it to maintain its leadership position throughout the years. Dedicated to international development from the 1950’s forward, the PORCHER INDUSTRIES group has steadily invested its resources to stay ahead of market needs and customer expectations. Today, as the undisputed leader in the technical textiles sector, the PORCHER INDUSTRIES group leverages its considerable expertise, innovation, and worldwide presence to develop products of superior quality and performance in the following markets: electronics, automotive, building and industry, sport and above all composites and aeronautics. The PORCHER INDUSTRIES group is a qualified supplier of many civil aeronautics programs thanks to its world class range of dry fabrics and high performance prepregs - thermoplastics in rolls and laminates. Additional information is available on PORCHER INDUSTRIES’ website - www.porcher-ind.com Prepreg – Advanced Composite Materials was founded to establish in Russia a wide range of prepregs production, attended by RUSNANO (48% of the authorized capital), CJSC HC Composite (26% of the authorized capital) and CJSC Unihimtek-Composite (26% of the authorized capital). The project Investment volume is 3 460 million RUB. More information is available on the website of the company - www.prepreg.ru Holding Company "Composite" was created in 2009 to form the composite materials market in Russia. Holding Company Composite is a partner of state corporations Rosatom, The Russian Technologies State Corporation, RUSNANO in joint ventures. Holding Company includes enterprises specializing in production of high-strength and high-modulus fibers and fabrics made of them, as well as high-quality prepregs, which are used in aircraft, aerospace, construction, automotive engineering, shipbuilding, etc. More information is available on the website of the Holding Company - www.compozit.su/en PORCHER INDUSTRIES 75 D 1085 38300 Badinières Tel. +33 (0) 4.74.43.10.10 Fax. +33 (0) 4.74.92.14.07 [email protected] www.porcher-ind.com Prepreg – Advanced Composite Materials 14, bld. 3, Krzhizhanovskogo str., Moscow, Russia, 117218 Т: +7 495 787 88 28 E: [email protected] www.compozit.su 1
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