Avers Group is one the leading Russian companies at offering appraisal services. Avers has successfully worked in this field for the last 14 years. Over this period the company has created its own technologies for conducting appraisal business. These technologies are based on providing quality services, making an individual approach to each client, and following ethical principles with clients, partners, and competitors. LLC Avers Appraisal Center is the base of Avers Group of companies, and is the largest company within the Group. The company's appraisal specialists have large experience with all property types:

• Appraisal of real estate and land plots;
• Business appraisals;
• Appraisals of intellectual property (non-material assets);
• Estimates of equipment, machines, and transportation means;
• Re-appraisal of companies' fixed assets, including for international financial reporting standards;
• Supporting the process of due-diligence of appraisal reports in state organs.

Appraisal reports made by our specialists are documental proof of property value, and can be used:

• For taking investment decisions;
• When receiving loans using property as collateral;
• When making bankruptcy procedures, organizing arbitrage management, etc.;
• For conducting negotiations on the price of purchase and sale transactions;
• In order to reduce profit tax and VAT when selling property (including at a price lower than the residual value);
• When founding, re-organizing, and liquidating companies;
• In the case of arrest of property or property rights by the court bailiff;
• For optimizing the company's taxable base (for property and profit taxes) when re-appraising the company's fixed assets;
• When paying for shares in shareholder companies using property, or when making an obligatory buy-back of shares from shareholders.

Our approach to appraisal of business, assets and liabilities is based on international and national professional standards. The effectiveness of our approach is proven by Avers' successful appraisal business practice over the last ten years.

Avers Group has more than 100 specialists who work in the appraisal field. Of these, more than 38 have degrees as appraisal specialists.

The company's highly-qualified employees design methodological approaches aimed at solving the most complex appraisal tasks.

M.A. Zeldin, the President of Avers Group, passed an international re-training course in 2004, and received a Certificate (on the basis of his proven competency) from EuroZert, the European Center for Personnel Certification, in the profession of International Expert on Real Estate Appraisal with a specialization in the Russian Federation. Furthermore, M.A. Zeldin is a member of the Expert Committee of the non-commercial partnership "Self-Regulating Interregional Appraisers' Association," and a member of the Council on Attestation of Appraisers under the Saint-Petersburg City Property Management Committee. Avers' employees N.P. Barinov and K.Yu. Stabrovskaya are external reviewers on this Council.

LLC Avers Appraisal Center is accredited in the following companies and organizations:

• JSC Russian Railroads;
• JSC Gazprom;
• JSC LUKOIL;
• Saint-Petersburg City Property Management Committee;
• JSC Saint-Petersburg Property Fund;
• JSC MRSK Holding;
• State Company "Historical and Cultural Monument Management Agency" of the Russian Ministry of Culture;
• Saint-Petersburg International Commercial Arbitrage Court (Court for resolving conflicts in the field of real estate and appraisal);
• Federal Agency for State Reserves in the North-West Federal Region (Management of Rosreserve in the North-West Federal Region);
• Territorial Management of the Federal Agency for Management of State Property of the city of Moscow;
• Property Department of the city of Moscow.
• The Permanent Representation of the city of Moscow in St. Petersburg

Companies that are part of Avers Group are accredited and/or work with a number of Russian and foreign banks:

• JSC Bank VTB North-West;
• North-West Sberbank of Russia;
• JSC Alfa-Bank;
• JSC Bank Saint-Petersburg;
• ZAO Promsvyazbank;
• ZAO Nomos-Bank;
• ZAO UniCredit Bank;
• JSC Investsberbank (Saint Petersburg branch);
• JSC Raiffeisenbank Austria;
• ZAO Bank Societe General Vostok;
• Aizkraukles banka (Latvia);
• and others

Avers Group continually demonstrates excellent results in ratings of consulting and appraisal companies.

• Avers Group was in the RA Expert rating of the largest consulting groups in Russia in 2008;
• Avers Group was one of the ten largest audit and consulting companies in the North-West Federal Region of Russia according to "Expert North-West" in 2008;
• Avers Group was in the "Kommersant DENGI" rating of the largest consulting groups in Russia in 2008;
• Avers Group came in FIRST PLACE in the RA "Expert RA" rating of Russian real estate appraisal companies, and was in the TOP TEN rating of Russian appraisal companies in 2008 in terms of business potential among Russian appraisal companies;
• Avers Group was given the maximum possible rating of A+++ 1+++ 1+++ in the federal rating of Russian consulting, appraisal, audit, and legal companies by the Moscow information-rating agency Unipravex (this is the highest level of external and internal corporate resource and corporate category).

LLC Avers Appraisal Center has a permit for performing work using information that is a government secret, as confirmed by license ¹ B 334950 dated 13.07.2005. The company's professional work is insured to an amount of 100 000 000 rubles by ZAO Informstrakh.

In accordance with new legislation, Avers Group specialists are included in the register of self-regulating appraisal organizations (the non-commercial partnership Self-Regulating Interregional Appraisers' Association and the All-Russian Social Organization "ROO"). The liability of the appraisers of LLC Avers Appraisal Center and LLC Center for Expertise and Property Appraisal is insured by ZAO Informstrakh.