EXPERIENCEPROGRESS

CONTENTSOUR STORY

MISSION, VISION &VALUES

OUR BELIEF

REVENUEEVOLUTION

OUR PEOPLE

OUR DIVISIONS

OUR SUCCESS

OURSTORY

OUR STORY1992 – Our Company was set up by Adrian Bodea. Noticing the Romanian industry reengineering needs, Adrian Bodea founded Adrem Invest, relying on his extensive experience as physician and scientific researcher, as well as on his business and management skills.

1993 – Corneliu Bodea joins Adrem Invest. Corneliu Bodea joins his brother, adding his technical skills and subsequently obtaining an MBA, attested by one of the most prestigious universities in the UK.

1997 – Adrem Invest overcomes the crisis brought about by the negative economic changes and the strong devaluation of the Roma-nian national currency (RON).

1998 – The first liquid steel vacuum plant in the world is developed, using mechanical pumps, at the Special Steels Mill in Târgoviște, VOD 12 tons, by the Process Engineering Division. After the success of this project, Adrian Bodea patents the technology based on the use of mechanical pumps in the liquid oil degasification. The patented solution offered by Adrem Invest generates energy savings of up to 20 times, as compared to the classical steam ejectors solution.

1999 – Adrem Invest enters the automation market offering SCADA solutions dedicated to utilities networks. The SCADA & Automation Division is thus set up, turning Adrem Invest into one of the most important suppliers of SCADA and process automation systems. The solutions offered start with the feasibility study phase, go through the maintenance stage for the implemented systems, in order to integrate the newest technologies and improve the offered systems' performances.

2001 – This year, the Process Engineering Division managed to develop the first large-scale liquid steel vacuum plant, with a capacity of 100 tons at Moldova Steel Works. Here, in Rîbnița, Republic of Moldova, the technique patented by the Adrem Invest's founder was used.

2008 – Adrem Invest enters the energy services market. After establishing a partnership with one of the most important energy companies in Romania, from whom it takes over the electricity meter readings, the Integrated Services Division was also set up. Later on, the division also took over other services, such as management of metering assemblies, maintenance of electricity distribution lines and overhead transformer stations, as well as gas meter reading services.

2009 – Adrem Invest strengthens its position on the SCADA systems' market. Adrem Invest undertakes large scale projects, through the implementation of state-of-the-art technologies in the field of process automation and SCADA, IT, telecommunication and software, for companies operating in strategic sectors at national level, such as: gas transportation, central heating, electricity distribution, public railway infrastructure management and maintenance.

2010 – The largest liquid steel degasification plant in the world, RH 250t, in the field of secondary steelworks, is commissioned.

2011 – The Green Energy Division is set up, for a new beginning in the direction of renewable energy. The Green Energy Division undertakes large-scale solar and biomass cogeneration projects, as well as the Suceava power plant building project. The main aim of the division is to relevantly contribute to the development of this sector in Romania.

2012 – The global development of Adrem Invest continues with the acquisition of a Swiss company - MTAG, and its USA subsidiary - MTUS.

MISSION,VISION &VALUES

OUR MISSIONWe are a company that provides engineering services and solutions for problems related to energy and industrial applications.Responsibility, commitment, respect and competence are values we believe in, which serve as the basis to our strategy.Our mission is to be a customer oriented company and our priority is to satisfy the client’s needs.Our goal is to increase the profitability and efficiency of our clients’ projects, making full use of the experience, dedication and training of our staff.

OUR VISION A world of balanced welfare achieved through work and technological progress, of the people with faith and devotion in the ideals of the humankind, the same for centuries, always closer.

OUR VALUESCommitment ResponsibilityRespect AmbitionRigour

OUR BELIEFAny dream is an idea.We believe that everything can be achieved.Our teams dedicate all their engineering, energetic and metallurgic expertise to turn every visionary idea into profitable innovation.

Any obstacle takes us further.Every project represents an opportunity of over-fulfilment and a proof of professionalism.We develop and implement last generation technologies for our clients so that we climb together the ladder of technological progress.

Any client is a partner.We are not only providers but also partners that strive for the success of our projects as much as our beneficiaries.We take each and every project seriously and dedicate all determination in search for mutual success.

REVENUEEVOLUTION

REVENUE EVOLUTIONWe believe that every step we take helps us become stronger and stronger, more skilled and more successful. This is why our revenue has been on a constant evolution during recent years.

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

1.73mil. euro

2.45mil. euro

2.53mil. euro 1.62

mil. euro2.35mil. euro

2.7mil. euro

5.51mil. euro

15mil. euro

7.43mil. euro

10.36mil. euro

17.76mil. euro

29.5mil. euro

2012

39mil. euro

OURPEOPLE

EMPLOYEES No. EVOLUTION

2009

515

2010

556

2011

745

2012

840

OURDIVISIONS

OUR DIVISIONSOur Company was set up entirely with Romanian capital and enjoys a global presence.

Our staff numbering more than 800 employees works in various specialized divisions.

We hold four constantly developing business lines, which complete each other in order to provide full services to our partners:

- Process Engineering Division - having as a main field of activity vacuum applications in industrial processes.

- SCADA & Automation Division - holds extensive experience in the integration of the process automation and SCADA solutions. The developed projects feature complex interfacing and automation solutions.

- Integrated Services Division - supply of energy services in Oltenia and Transilvania in partnership with two important energy providers in Romania. Energy and gas meter reading, management of energy metering assemblies, electricity distribution line maintenance, and energy meters inspection services are provided.

- Green Energy Division - aims at bringing an important contribution to the development of the renewable energy industry in Romania. We develop turnkey projects for solar farms and cogeneration plants and we provide consultancy, development of feasibility studies, installation and assembly services.

PROCESSENGINEERINGDIVISION

PROCESS ENGINEERING DIVISIONBeing the oldest in the company, the Process Engineering Division opened the series of successes recorded in 1998 with the development of the first liquid steel vacuum plant in the world to use mechanical pumps, subsequently patented by Adrian Bodea, founder of the company and researcher. Currently, the equipment is used both in Romania and abroad, on 4 continents, in various businesses, such as the automotive industry, the nuclear equipment industry, the pharmaceutical industry, the energy sector, and especially the steelworks industry. At the same time, the company also creates general systems which allow for the design and performance of vacuum plants for any technological vacuum application.

We provide:

Industrial vacuum equipment and plants• Liquid steel vacuum degasification plants - secondary steelworks • Mineral oil treatment plants• Steam turbine plants• Industrial vacuum plants• Vacuum installations and plants for the chemical industry• Steam recovery plants for the petrochemical industry

Wine equipment for research and development• Thin coats laying equipment

Leak detection equipment

Pressure equipment

REPRESENTATIVEPROJECTS

BAOTOU IRON AND STEELLocation: 2011 - Baotou, ChinaDomain: MetallurgyScope of contract: Vacuum pumping system for VD installation, 100 tType of contract: documentation, equipment delivery, execution, installation, commissioningDescription of project: Modernization of the installation dedicated to liquid steel degassing to obtain superior quality

Technical data: • Batch weight: 100 • Treated steel grades: carbon steel used for rails • Vacuum pump system: • 5 intelligent modular pumping systems consisting of: • LVP - 4 units composed of: • 1 screw pump IDX 1300 with VSD control and 1 lobe pump SN 7000 with VSD control; • HVP - 4 units composed of: 1 lobe pump GMB 19.19 with VSD control • EVP - 1 unit composed of: 1 lobe pump GMB 15.11 with VSD control • Pumping capacity: 200.000 m3/h at 0.5 mbar • Filtering system: cyclone and bag filter • Dust load after filtering: < 10 mg/m3< 10 mg/m3 • Performances: N: max. 70 ppm; H: max. 2 ppm; • Automation: level 1 • Control system: WinCC SiemensWinCC Siemens • PLC: Siematic S7

WON KANG METAL,SOUTH KOREALocation: 2010 - Incheon, South KoreaDomain: MetallurgyContract type: documentation, equipment delivery, execution, and installation, commissioning and providing servicesScope of contract: VOD Installation, 16 tonsProject description: Vacuum Oxygen Decarburization unit, capable of producing a wide range of stainless steels

Technical data: • Fixed tank • Mobile lid; hydraulic actued for up-down movement, electromechanically for linear movement • Filtering system: cyclone + bag filter type • Vacuum system: liquid ring pump (for O2 blowing period @ 100 mbar); three-stage dry mechanical pumps(for under 1 mbar metallurgical treatment) • Pumping speed capacity 40000 m3/h @ 0,5 mbar • Level 2 automation • Simulation and process control

Location: 2009 - Chongqing, China Domain: SteelworksContract type: documentation, assembly supervision and commissioningPurpose of the agreement: BDE, VPS RH 250 TonsProject description: Installation for the degasification of liquid steels in order to obtain enhanced qualities. Technical data: • Batch weight: 230 t • Type of steels processed: steels for sheet and pipes, low carbon content steel • Vacuum pumps system: ◦ 19 super skids with dry vacuum pumps arranged on 3 levels: • Level 1 – 38 HV 40000 lobe pumps, with VSD control • Level 2 – 19 HV 8000 lobe pumps, with VSD control • Level 3 – 19 IDX 1300 screw pumps, with VSD control • Pumping capacity: 800 kg/h at 0.5 mbar • Filtering system: Cyclone and filtering bags • Performance: • C: min. 80 ppm; • N: min. 80 ppm; • H: max. 2 ppm; • Automation: level 1

CHONGQING IRON & STEEL CO.

TMK REŞIŢA, ROMANIALocation: 2007 - Resita, RomaniaDomain: MetallurgyContract type: documentation, equipment delivery, execution, installation, commissioning, service provisionScope of contract: Installation turnkey execution, VD 100 tonsProject description: Installation dedicated to degassing liquid steel to obtain their superior propertiesTechnical data: • Batch weight: 100 t • Treated steel grades: pipes steel grades • Vacuum pump system • Treated steel grades: pipes steel grades • Vacuum pump system: 4 skids with dry vacuum pumps, 3 - stage: • Stage 1: 4 lobe pumps HV 30000, with VSD control • Stage 2- 4 lobe pumps SN 7000, with VSD control • Stage 3- 4 lobe screw pumps IDX 1000, with VSD control • Pumping capacity: 120.000 m3/h at 0,5 mbar • Minimum vacuum level: 0,1 mbar • Filtering system: Cyclone and bag filter • Dust load after filtering: < 10 mg/m3 • Performances: N: max 70 ppm; H: max. 2 ppm; • Automation: level 1 • Control System: WinCC Siemens • PLC: Siematic S7

SCADA &AUTOMATION

DIVISION

SCADA & AUTOMATION DIVISIONSet up in 1999, together with the first SCADA solutions offered by the company for utilities networks, the SCADA & Automation Division shortly turned Adrem Invest into one of the most important suppliers of SCADA and process automation systems on the Romanian automation market.

Thus, the company is currently involved in large-scale projects, through the implementation of state-of-the-art technologies in the field of SCADA and process automation, IT solutions integration, software development, electronic and telecommunication equipment development, general contractor services for companies operating in strategic sectors at national level, such as: gas transportation, central heating, electricity distribution, public electricity railway management and maintenance – a full list of projects is available at http://www.adrem.ro/divizia-automatizari.html

We provide: Integrated solutions and automation products: • SCADA IDS HIGH-LEIT • DMS (Distribution Management Systems) • PMS (Pipeline Modeling Software) • SAS • BMS (Building Management System) • Hawker Siddeley Switchgear GVR 27/12 • Elettromeccanica Adriatica PM-SD6 Separator • Process Automation • RTU Equipment • NMS (Network Management Suite) • Complex metering equipment • AI100

REPRESENTATIVEPROJECTS

SNTGN TRANSGAZ, ROMANIAProject: SCADA SystemDomain: EnergyDescription: SCADA system for the entire national natural gas transportation systemFunctionalities: Complete SCADA functions, SIMONE - specific simulation applica-tion and PMS (PipelineMonitoring Software)Integrating third party IT systems of gas producers (Romgaz, Petrom) and redundant ERP RTU in local points12 redundant (FEC) communication serversDispatch Centers: Complete central redundant dispatch centers, 9 local dispatch centersNo. of RTUs/ Local points: Approx. 1.300No. of process variables: Approx. 30.000Communications: redundant VSAT and GPRS in local points, VPN/MPLS between dispatch centersGeneral contractor/ “Turn-key” solution: Specialty subcontractor for SCADA integration

FDEE ELECTRICA SOUTHTRANSYLVANIA DISTRIBUTIONProject: Distribution networks Automation Systemfor LEA MT, stage 2008-2010Domain: Energy IndustryDescription: SCADA/DMS System for the MV distribution network of FDEE Transilvania Sud (LEA and LES), developed in successive stages and ongoingFunctionalities: The remote control of approx. 1000 reclosers and SF6 outdoor switch disconnectors for LEA, and until 2012, in the system there are to be integrated an additional number of approx. 550 units PA and PT remote control from the urban distribution network (approx. 200 locations until 2011);IED integration (protection relays, RTUs) from various manufacturers: IDS, ABB, Siemens, Telvent, Bristol Babcock, Schneider Electric, ION, etc.Multiple communication protocols: IEC 60870-5-101/103/104, IEC 61850, Modbus RTU/TCPTopology processing of the entire MV network (including non-remote items)Dispatch Centers: 6 local dispatch centers with redundant (FEC) communication servers, central server on FDEE level for DMS applicationsNo. of RTUs/ Local points: Approx.: 1.150 / 2010; Approx.: 1.800/ ongoing projects until 2012No. of process variables: Approx. 60.000 real DP, on-line (extending to 95000 until 2012);Approx. 55.000 topological elements (including remote switching elements from the Electricity Distribution Network)Communications: Mixed solutions, depending on the situation in each location: GPRS, conventional Radio, MPLS, VSAT, VLAN, VPNGeneral contractor: General contractor in “turn-key” projects for LEA MTSpecialist subcontractor for remote control / SCADA projects for PA and PT

RADET BUCHARESTProject: SCADA dispersion system and associated services (commissioning, technical support etc.) for the supervision and operational control of the central heating system of Bucharest MunicipalityField: EnergyDescription: SCADA system for the entire heating grid in Bucharest (generation, transportation, distribution, supply)Functionalities: Consumption forecasts, software optimization based on histori-cal data and dedicated mathematical models.Dispatcher offices: 12 dispatcher offices with specialized functions and redun-dant servers, in distributed and hierarchy structure, with multi-master FECNo. of RTUs /Local points: >1.200, from various suppliers (IDS, Fela / Saia Burgess, Sauter, Danfoss, Honeywell)No. of process variables: > 300,000Communications: VPN MPLS (ADSL, CDMA and FO access technology)General contractor/ “Turnkey” solution: Yes

ELECTRIFICATION OFROMANIAN RAILWAYSProject: Remote system for substations and substation power consumption monitoringDomain: TransportationDescription: SCADA system for the power supply network of the public transportation company, in Timisoara (RATT)Functionalities: Commercial analysis of consumption data, topology coloringDispatch Centers: 1 central dispatch center, in TimisoaraNo. of RTUs/ Local points: 9No. of process variables: Approx. 5.000Communications: VPN over PSTNGeneral contractor/ “Turn-key” solutions: YES

INTEGRATEDSERVICESDIVISION

INTEGRATED SERVICES DIVISIONIn 2008, Adrem Invest expanded its field of activity by setting up its third division, along with taking over other services, such as meter reading and management of metering assemblies for household consumers and small economic agents, from the CEZ Romania Group. The geographical area where Adrem Invest carries out its activities includes the counties of Dolj, Olt, Gorj, Valcea, Arges, Mehedinti and Teleorman in Oltenia area. Subsequently, in 2011, the company also took over the activity related to the reading of gas meters belonging to E-ON Gaz Distributie in the North and South area of Transilvania, servicing household customers and economic agents. It currently operates in the following counties: Sibiu, Alba, Mures, Harghita, Cluj, Salaj, Maramures, Satu Mare, Bistrita Nasaud, Bihor. Moreover, the company also holds a Metrology Testing Lab (LVM) in Pitesti, which is one of the key elements of the Integrated Services Division.

We provide:• Electricity and gas meter reading• Management of metering assemblies• Power grid maintenance• Metrology testing through our own laboratory

REPRESENTATIVEPROJECTS

ELECTRIC METERS READING Project: Provinding electric meters reading services for Cez Romania, starting 2008Domain: EnergyDescription: • Performing services to households and businesses, counters belonging to CEZ Romania Group, over a wide geographical area • The service is provided for about 1.4 million customers in Arges, Valcea, Gorj, Mehedinti, Dolj, Olt and Teleorman counties • The staff structure includes 185 employees, organized in 7 centers • Reading frequency at every 3 months, for each client in order to issue invoices • Reading process is divided into three sub-processes: • Activity planning; • Meters reading, identification and record of the anomalies; • Data Processing • Meters reading is made daily based on a reading plan established at the beginning of each year according to geographic area group of customers. • Experienced staff performs the activity in order to maintain a high level of efficiency and accuracy.

GAS METERS READINGProject: Providing gas meters reading services for E.ON Gaz Distributie, starting 2011Domain: EnergyDescription: • Performing services to Mass Market consumers and also Business Market consumers, counters belonging to E.ON Gaz Distributie • Providing services for about 0.9 million customers in North and South regions of Transilvania • Data collection is made over Mures, Alba, Sibiu, Harghita, Cluj, Bistrita- Nasaud, Salaj, Maramures and Satu Mare counties • Reading frequency for Mass Market counters is at every 3 months, for each client in order to issue invoices • Reading frequency for Business Market counters is at every month, for each client in order to issue invoices • The staff structure includes 105 employees, organized in 12 centers • The activity is performed by skilled personnel in order to maintain a high level of efficiency and accuracy

MANAGEMENT METERING GROUPS Project: Provinding management metering groups service for CEZ Distributie, starting 2009Domain: EnergyDescription: • Performing maintenance services of electricity power metering for household customers and businesses in Oltenia area where CEZ Distributie owns the electricity distribution license. • The service is supplied for consumers located in Arges, Valcea, Gorj, Mehedinti, Dolj, Olt and Teleorman counties. • The activity is performed by 275 employees grouped in 20 Operational Metering Centers • To optimize the activity it was made an investment of 750.000 Euro for a complete automatized system – myAvis, which exclude using paper during the processServices provided include: • Replacement of electricity meters due to metrology maturity • Electricity meter verifications on the request of the client • Electricity meter installation to new clients • Disconnection of the client on request or due to non-payment • Removal of electricity meters on contract completion • Client reconnections etc.

Project: Verification of the electricity meters devices for CEZ Distributie, starting 2009Domain: EnergyDescription: • Reception services, registration and electricity meters verifications are performed in the own specialized laboratory • The laboratory, located in Pitesti is authorized by the Romanian Bureau of Legal Metrology • The service staff is trained and certified in accordance with the legislations and applicable standards of Legal Metrology

METROLOGICAL VERIFICATIONLABORATORY

MAINTENANCE OF POWER LINES AND OVERHEAD TRANSFORMER POSTSProject: Maintenance services of electricity distribution networks for CEZ Distributie, starting 2011Domain: EnergyDescription: • Performing accidentally or planned repairs over LEAJT, LESJT, PTA types of installations • The service is assured for consumers through county centers located in Arges, Valcea, Gorj, Mehedinti, Dolj, Olt and Teleorman. • Also special works commissioned by third parties are provided.

GREENENERGYDIVISION

GREEN ENERGY DIVISIONSet up in 2011, the Green Energy Division aims at bringing an important contribution to the development of the renewable energy sector in Romania and developing an energetic infrastructure compliant with international standards.

Within this division, we aim at developing solar energy and biomass cogeneration projects, and to provide consultancy in the field of renewable energy.

We provide:Electricity generation systems, using photovoltaic panels: • consultancy, feasibility studies • turnkey projects for solar farms • installation and assembly servicesCogeneration equipment: • consultancy and feasibility studies (trigeneration) • turnkey projects for thermal engine-based cogeneration plants, thermal engine-based cogeneration plants, gas turbines and/or steam turbines • installation and assembly servicesEquipment for hydroelectric plants: • design, performance and testing of specific automation and monitoring systems • partial generator discharge and hydro turbine vibration monitoring system • design and technical support • consultancy for investors, feasibility studies.

REPRESENTATIVEPROJECT

COGENERATION PLANT IN SUCEAVAProject: Building a high efficiency cogeneration plant in SuceavaDomain: EnergyDescription: • The cogeneration plant will supply thermal energy for approx. 60.000 of inhabitants of Suceava • The plant which will operate on biomass will deliver also electric power for the free market. • The capacity of the cogeneration plant will supply a quantity of thermal energy of approximately 320.000 Gcal/year • The annual electricity production will be of approximately 152.000 MWh/yearThe plant’s efficiency reaches more than 85%. • Total value of the investment is about 80 million Euros.

OURSUCCESS

OUR SUCCESSWe build our work on accepting every challenge as a new way to prove the value of our resources and know-how. We are for 20 years day by day committed to find the best solutions with practical or revolutionary applicability in the industrial and energetic fields. That is how we came to realize projects all over the world, in collaboration with the most important providers of last generation industrial technologies.

For 20 years we have found solutions there where no one else dared or could. We have built our reputation on responsibility, integrity, rigor and respect.We are proud of our achievements and we dedicate all our ambition further to the service of our clients and their needs. Our strategy relies on full commitment towards the profitability and efficiency of our clients' projects, through our capacity to innovate, develop and implement new solutions.

We aim for progress and we see the future as a way to experience it. Because the real progress means to know more, and do more, and be more.All through finding solutions that are more efficient, more professional and easier to implement. We are already broadening our horizons with a new department specialized in green energy and we believe that no effort is too much into getting one step ahead of the times.

“People are our most valuable resource. Their skills, their visions and their ideas are the bricks in a large construction that is called innovation. We build our future by means of innovation. And eventually we

make a better world. “

Adrian Bodea

Aleea Alexandru 20 A, Sector 1 Bucharest, RomaniaT +40212335920/21,+40212331169, F +40212335982

office@adrem.ro www.adrem.ro