We are pleased to share with you a significant update regarding our operations. As of March 24, 2024, Bitimpex Anstalt holding has successfully acquired 31,900 hectares of agricultural land in the Southern Federal District. This acquisition brings our total land portfolio to 241,500 hectares, dedicated to sowing and cultivating various crops. Furthermore, we have entered into a long-term lease agreement for an additional 7,500 hectares of forest land in the Siberian part of the Russian Federation.

This expansion is crucial for us as it directly supports our manufacturing operations in the region. Our three factories situated in these forested areas specialize in the production of OSB, MDF, plywood of various types, fiberboard, chipboard, sandwich panels, wall panels (hardboard, plastic, MDF), and artistic siding for decorative finishing. All the products manufactured in our facilities hold European certification and enjoy significant demand both within the CIS countries and globally. Thanks to our top class equipment and high-precision technologies, we consistently deliver products of the highest quality.

Currently, 40,000 hectares of our land holdings are being officially registered in the state registers of the Russian Federation, and by April 15, Bitimpex Anstalt holding will have full control over 281,500 hectares of land. Furthermore, we are proud to announce that 55,500 hectares of forest land are under our long-term lease. We are committed to responsible forest management practices and are actively investing efforts to increase tree planting in these areas, ensuring environmental sustainability.

We extend our heartfelt gratitude for your continued trust and partnership. We look forward to sharing further achievements and successes with you in the future.