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Open Joint-Stock Company“Medplast”

Brief description of the companyName of the company/info• Open Joint-Stock Company “Medplast” (Short name: OJSC“Medplast”)• Address: 12 Obyezdnaya str., 246051 Gomel, Belarus• Web-site: www.medplast.byMain activity• Production of the single-use syringeOther activites• Manufacturing of goods used in constructionPersonnel• 271 employeesOJSC “Medplast”

Ownership StructurePrivate owners consist of197 individual owners.State99.9%Privateowners0.1%Statutory Fund = 2,700,689,250 BYROrdinary shares = 18,004,596Nominal value of 1 share = 150 BYR100%OJSC “Medplast”

HistoryThe company is included into the List for privatization by the National Agency ofInvestment and Privatization.The plant is transformed and renamed into the Open Joint Stock Company „Medplast‟.The plant begins producing plastic products. A plastic shop floor with upright moldingmachines, automatic molding machines and hydraulic presses, is established at theplant. In the same year, the plant masters the production of loudspeakers.The cooperative association is reorganized into the plant of metal consumer productsIt was established in Gomel as a cooperative association „Metallobytremont‟ withrepair shops for kerosene stoves, bicycles, and watches. The total number ofemployees is about 100 people.OJSC “Medplast”

FinancialsIndicatorsYear2009 2010 6M 2011Net assets value, BYR mn 39,144 48,540 49,959Revenues from sales of19,712 23,804 16,277products/work/services, BYR mnProfit from sales of1,684 3,181 2,760products/work/services, BYR mnNet profit, BYR mn 1,968 1,685 1,011Sales margins, % 8.3 15.4 20.4Accounts receivable, BYR mn 3,840 4,235 5,398Accounts payable, BYR mn 2,924 2,127 2,177Average wages, BYR mn 990.1 1,300.6 1,664.6OJSC “Medplast”

ProductionMedplast OJSC comprises the following production floors:2 shop floors of medical polymers;Shop floor of consumer goods and plastic waste treatment;Shop floor of production tools;Transport shop floor;Mechanical repair shop floor;Repair and construction shop floor;Energy and water supply site.Products (type)Output (BYR mn)2009 2010 6M 201116,41221,93719,833Single-use injection syringes(119 mn pieces) (135 mn pieces) (84 mn pieces)Other plastic products 152 214 230Output, total 16,564 22,151 20,063OJSC “Medplast”

Strengths of the CompanyKEY ADVANTAGESAdvantageous location – proximity toRussia and UkraineLeading position at the market(about 80% in 2010)GomelLICENCES• License No. 02040/0529195 to engage inmedical activities for 5 years (obtained on May28, 2009)ISO CERTIFICATES• STB ISO 9001-2001 since 2008• The needles of 2, 5, 10 and 20 ml have aregistration certificate and certificate ofconformity of the Russian FederationOJSC “Medplast”

PersonnelPersonnel structure by education2%secondary education271 people presently work in thecompany.21%17%36%vocational traininghigher educationsecondary special24%basic educationPersonnel structure by age17%16%13%23%under 2525-3036-4041-4561 employees have a university degree; thenumber of the management staff is 41.12%8%11%46-5051-5556 and moreOJSC “Medplast”

Sales100959085809,490,6Sales structure, %12,787,38,191,92009 2010 6 months of 2011Domestic marketForeign marketMain customers include:- health care institutions of different subordinationlevels,- wholesale organizations (TERUE „Pharmaciya‟and RDTUE „Medtech‟).The traditional market for medical syringesmanufactured by the OJSC „Medplast‟ is theRepublic of Belarus. The share of sales of singleuseinjection syringes on the market of theRepublic of Belarus is about 92.6%, and on theexternal market (Russia) - 7.4%.100806040200The main market for export sales is Russia.The major strategic partners on this marketare the company „NikKomed‟Ltd. and„Camelia‟Ltd.Currently the company is partnering with„BogMark Ukraine‟ Ltd. for the registration,certification and further distribution of syringesin Ukraine.Domestic market share, %36,763,325,8 20,374,2 79,72008 2009 2010OJSC "Medplast"OthersOJSC “Medplast”

Investment projectsThe OJSC “Medplast” continues to implement the investment project “Reconstruction of thegeneral purpose radio equipment shop floor arranging for production of medical polymers”. The projectwas developed by the Republican Unitary Enterprise “Medico-Biological Institute” (RUE “MBI”).The aim of the project is to provide for import-substituting production of single-use injectionsyringes of 2,5,10 and 20 ml. The cost of the project isStage of theprojectLaunchComplex 1LaunchComplex 2LaunchComplex 3LaunchComplex 4LaunchComplex 5LaunchComplex 6OJSC “Medplast”Project worksThe reconstruction of the entire 3rd floor, 4th floor with the installation of four injectionmolding machines for production of syringes of 2 and 5 ml, additional rooms for technicalequipment on the 1st floor.The reconstruction of the entire 2nd floor, installation of four injection molding machines onthe 4th floor for the production of syringes of 10 and 20ml.The reconstruction of the existing building of warehouses and the construction site into agas sterilization area, the construction of the storage facilities for containers of ethyleneoxide, the reconstruction of the transport passage, the connection of facilities to theengineering network, reconstruction of the sewerage network, the reconstruction of off-siteelectrical networks, the connection of the gas network to the process equipment,landscaping in the area of ​the work.The reconstruction of the multi-storey building of shop floor of medical polymers No. 1, ofthe microbiology laboratory and laundry.The reconstruction of storm-water treatment facilities, sewerage networks, improvement ofthe factory area.The reconstruction of existing production facilities for placing a quarantine warehouse, andof finished goods warehouse.

ContactsNATIONAL AGENCY OF INVESTMENT AND PRIVATIZATIONAddress: Bersona str. 14, 220050, Minsk, Republic of BelarusDirectorDr. Klevzhits Dmitry+375 17 222 68 41+375 29 996 06 23kd@economy.gov.byOJSC “Medplast”