Warsaw, 7 May 2012

PRESENTATION FOR SHAREHOLDERSRESULTS FOR THE THREE-MONTH PERIOD OF 2012

24 May, 2012

1

ASG Group’s Achievements in 1Q 2012

ASG Group’s Structure / Areas of Activity

Financial Results in 1Q 2012

ASG Group’s Sales by Business Segments

Operating Results by Business Segments

ASG Group’s Operating Expenses

Consolidated Balance Sheets

ASG Group’s Cash Flows & CAPEX

ASG Group’s Employees

ASG Shareholders

ASG Share Price & Performance

Appendices

Content

ASG Group Achievements in 1Q 2012

Financial Parameters: Increase in consolidated revenue by 89 %

(1Q 2012 vs 1Q 2011) up to LTL 141 million; Over LTL 3,9 million of net profit attributable

to equity holders.

Operational Parameters: Record-high ground handling and fueling

sales, mainly due to contracts with new clients and introducing of into-plane fuelling services at Warsaw Frederic Chopin airport.

Realization of Strategic Projects: Avia Solutions Group AB sold 50 per cent

shareholding in Small Planet Airlines S.r.l. (Italy) to third parties.

2

ASG Group’s Structure / Areas of Activity

Small Planet Airlines UAB (95.5%)

Small Planet Airlines Sp.z.o.o (95.5%)

Small Planet Airlines s.r.l. (35.5%)*

FL Technics AB (100%)

Locatory.com AB (95%)

FL Technics Jets UAB (100%)

FL Technics Line OOO (100%)

FL Technics Ulyanovsk OOO (99%)

FLT Trading House UAB (100%)

Storm Aviation Limited (100%)

Storm Aviation Limited (Cyprus) (100%)

Baltic Ground Services UAB (100%)

Baltic Ground Services Sp.z.o.o. (100%)

Baltic Ground Services TOV (100%)

Baltic Ground Services s.r.l. (100%)

Ground Handling CIS UAB (100%)

Baltic Aviation Academy UAB (100%)

AviationCV.com UAB (91%)

* - Sold 50% stake on the 4th of January 2012

Avia Solutions Group (ASG)

Aircraft Maintenance, Repair and Overhaul

(MRO) Business Segment

Aircraft Ground Handling and Fuelling

Business Segment

Charter Operations Business Segment

Pilot and Crew Training Business Segment

3

ASG Group’s Financial Results in 1Q 2012

4

1Q 2012 1Q 2011Change

(1Q 2012 vs 1Q 2011 )

LTL thousand (except margins & EPS) 1Q 2010Change

(1Q 2012 vs 1Q 2010 )

141 294 74 909 +88.6% Revenue 54 516 +159.2%17 834 10 460 +70.5% Gross profit 5 126 +247.9%12.6% 14.0% -1.3pp Gross profit margin (%) 9.4% +3.2pp 8 401 6 720 +25.0% EBITDA 4 127 +103.6%5.9% 9.0% -3.0pp EBITDA margin (%) 7.6% -1.6pp 5 533 5 096 +8.6% Operating profit 2 823 +96.0%3.9% 6.8% -2.9pp Operating profit margin (%) 5.2% -1.3pp 4 475 4 550 -1.6% EBIT 2 224 +101.2%3 819 3 072 +24.3% Net profit 1 747 +118.6%2.7% 4.1% -1.4pp Net profit margin (%) 3.2% -0.5pp 3 938 3 305 +19.2% Net profit attributable to equity holders 1 747 +125.4%2.8% 4.4% -1.6pp Net profit attributable to equity holders margin (%) 3.2% -0.4pp 0.65 0.60 +7.7% Earnings per share (LTL) 0.32* +102.5%

7 138 4 239 +68.4% Capital expenditure (CAPEX) 778 +817.5%13 279 35 021 -62.1% Net cash at the end of period 3 987 +233.1%

5 893 5 116 +15.2% Weighted average number of ordinary shares 5 893* -

* – Basic EPS for the first quarter of 2010 is calculated by dividing net profit for the year attributable to controlling equity shareholders of the Group by the number of ordinary shares of the Company outstanding after the Pre-IPO Reorganisation.

ASG Group’s Revenue, EBITDA & Net Profit

5

55

80

95

82

75

118

164

137

142

4

7

14

3

7

5

16

-5

8

2

2

11

6

3

3

9

-4

4

-10 10 30 50 70 90 110 130 150 170

1Q 2010

2Q 2010

3Q 2010

4Q 2010

1Q 2011

2Q 2011

3Q 2011

4Q 2011

1Q 2012

Revenue (LTL million) Net Profit (LTL million) EBITDA (LTL million)

ASG Group’s Sales by Business Segments

6

Sales increase in all business segments: GH segment by 165%, MRO segment by 91%, SPA segment by 67%, BAA segment by 56%, as compared to 1Q of 2011;

Increase in gross profitability in three business segment: SPA segment from -16% till 4%, BAA segment from 28% till 35%, Unallocated segment from 45% till 80%, as compared to 1Q of 2011;

Decrease of gross profitability in MRO (from 37% till 21%) and GH (from 10% till 3%) segments mainly due to further expansion to new markets, as compared to 1Q of 2011.

15

26

17

2

33

25

166 1

63

42 41

9 2-

10

20

30

40

50

60

70

MRO segment SPA Segment GH Segment BAA Segment ASG Segment

1Q 2010

1Q 2011

1Q 2012

7

(1)

2

12

(4)

1 2

13

11 3 1

( 5)

( 3)

( 1)

2

4

6

8

10

12

14

Business Segment’s Sales (including I/C transactions, LTL million)

Gross Profit by Business Segments (LTL million)

Sales / Gross Profit Breakdown by Business Segments

7

Sales* Breakdown by Business Segment (%)

Gross Profit* Breakdown by Business Segment (%)

* Segments’ share in Sales and Gross Profit calculated based on total Sale / Gross Profit value (including intercompany transactions)-20%

0%

20%

40%

60%

80%

100%

0%

20%

40%

60%

80%

100%

1Q 2010 2Q 2010 3Q 2010 4Q 2010 1Q 2011 2Q 2011 3Q 2011 4Q 2011 1Q 2012SPA Segment GH Segment BAA Segment ASG Segment MRO segment

8

Operating Results1Q 2012 1Q 2011 1Q 2012 vs

1Q 20111Q 2010 1Q 2012 vs

1Q 2010Number of SOLD man-hours (base maintenance) 79 043 83 300 -5.1% 37 000 +113.6%Number of SOLD man-hours (engineering) 11 514 12 100 -4.8% 7 800 +47.6%Number of SOLD man-hours (maintenance training) 1 747 770 +126.9% 400 +336.8%Number of line stations (at the end of the period) 22 9 +13 4 +18

Key Events in 1Q 2012: Part 21 Certificate, Section A, Subpart J, Design Organization

Approval from the European Aviation Safety Agency (EASA) issued. The Approval (no. EASA.21J.496) enables FL Technics AB to design and approve minor changes and minor repairs to aircraft in the area of cabin interior and associated changes to avionics and structures.

From January, 2012 FL Technics Jets UAB obtained a right to perform authorized maintenance services on the warranted Hawker 125 series aircraft. In January, 2012, FL Technics Jets UAB was certified by Russian Aviation Authorities in accordance with Federal Aviation Rules in line and base maintenance for Hawker family (HS Bae 125-700/800) aircraft.

8 new line stations contracted: 4 in Poland, 1 in Malta, 1 in Bangladesh, 1 in the United Kingdom, 1 in Italy.

MRO Business Segment

9

Operating Results1Q 2012 1Q 2011 1Q 2012 vs

1Q 20111Q 2010 1Q 2012 vs

1Q 2010Number of aircraft served 2 403 881 +172.8% 933 +157.6%Number of passengers served 299 918 77 897 +285.0% 102 992 +191.2%Volume of fuel sold (tonnes) 9 267 4 873 +90.2% 7 328 +26.5%

Key Events in 1Q 2012:

In February, 2012 Baltic Ground Services Sp. z o.o. starts into-plane fuelling services at Warsaw Frederic Chopin airport.

In March, 2012 AB - Baltic Ground Services Sp. z o.o. has signed into-plane fuelling services agreements with Deutsche Lufthansa AG, Czech Airlines j.s.c. and easyJet Airline. According to the newly signed contracts, Baltic Ground Services Sp. z o.o. will provide into-plane fuelling services to the aforementioned Deutsche Lufthansa AG airlines and Czech Air Lines j.s.c in the International Airports of Warsaw (WAW), Krakow (KRK) and Katowice (KTW). easyJet Airline Company Limited will be served in Krakow International Airport.

Ground Handling Business Segment

10

Operating Results1Q 2012 1Q 2011 1Q 2012 vs

1Q 20111Q 2010 1Q 2012 vs

1Q 2010Number of aircraft (at the end of the period) 5 6 -1 5 -Number of flights 601 340 +77.0% 266 +125.9%Number of passengers carried (in thousands) 73 029 44 659 +63.5% 49 889 +46.4%Number of block hours 2 143 1 470 +45.7% 1 565 +36.9%

Key Events in 1Q 2012:

Avia Solutions Group AB sold 50 per cent shareholding in Small Planet Airlines S.r.l. (Italy) to S.G.S.T. S.r.l. (Italy). S.G.S.T. S.r.l. (Italy) is the main client of Small Planet Airlines S.r.l. Sales proceeds from the disposal of a 50 per cent shareholding in Small Planet Airlines S.r.l. (Italy) amounted to EUR 763,5 thousand. Following the sale, Avia Solutions Group AB became the minority shareholder of Small Planet Airlines S.r.l. with 35,5 per cent shareholding, S.G.S.T.S.r.l. (Italy) – the majority shareholder with 60 per cent shareholding.

Charter Operations Business Segment

11

Operating Results1Q 2012 1Q 2011 1Q 2012 vs

1Q 20111Q 2010 1Q 2012 vs

1Q 2010TRTO - Number of SOLD theoretical training hours 1 699 4 168 -59.2% 780 +117.8%TRTO - Number of SOLD practical training (FFS) hours 4 205 2 818 +49.2% 940 +347.3%

Key Events in 1Q 2012: In January, 2012, Baltic Aviation Academy’s UAB AIRBUS A320 FFS

approved by Kyrgystan; In March, 2012 Baltic Aviation Academy more than doubled flight training

organization capacities: training centre plans to accept 140% more AbInitio students for the next school year starting from September 2012. BAA increased capabilities to accept 28 new students, which in total will result in 48 Ab Initio students on 2012 September season.

In March 2012 the aircraft fleet was also supplemented by three two-seat, low-wing light aircrafts Tecnam 2002, which will be started to be used from April for the flight trainings.

Baltic Aviation Academy is starting an aviation seminar cycle for novice pilots. The main objective of the cycle entitled ‘Pilot Talks’, comprised of lectures and practical assignments, is to provide young pilots with the knowledge on how to find a job in commercial airlines. The seminars are planned to be held from May to December in the following locations: Warsaw, Madrid, Lisbon, Milan, Moscow, Vilnius and Stockholm.

Crew Training Business Segment

12

Breakdown of Operating Expenses for 1Q 2012

ASG Group’s Operating Expenses

1Q 2012 1Q 2011Change

(1Q 2012 vs 1Q 2011 )

LTL thousand 1Q 2010Change

(1Q 2012 vs 1Q 2010)

37 387 17 543 +113.1% Aircraft fuel expenses 18 412 +103.1%

26 425 7 131 +270.6% Spare parts and consumables expenses 2 488 +962.1%

19 983 11 209 +78.3% Employee related expenses 8 670 +130.5%

11 325 5 250 +115.7% Aircraft servicing and handling expenses 4 688 +141.6%

42 822 29 238 +46.5% Other operating expenses 17 693 +142.0%

137 942 70 371 +96.0% Total Expenses 51 951 +165.5%

27.1%19.2%

14.5%

8.2%31.0%

Aircraft fuel expenses

Spare parts and consumablesexpensesEmployee related expenses

Aircraft servicing andhandling expensesOther operating expenses

Breakdown of Operating Expenses

0%

20%

40%

60%

80%

100%

1Q 2010 1Q 2011 1Q 2012

13

Consolidated Balance Sheets

Net debt = Borrowings – Cash and cash equivalents Return on equity (ROE) = Net profit / Total equity Return on assets (ROA) = Net profit / Total assets Equity ratio = Equity / Total assets Gearing ratio = Net debt / (Net debt + Total equity)

31-03-2012 31-12-2011 331-03-2012 vs31-12-2011 LTL thousand 31-03-2011 31-12-2010

270 358 243 167 +11.2% Total assets 163 337 114 49915 432 17 781 -13.2% Cash and cash equivalents 36 453 10 71399 204 96 353 +3.0% Total equity 88 371 25 05159 393 53 136 +11.8% Borrowings 15 160 35 29643 961 35 355 +24.3% Net debt (21 293) 24 583

1.4 1.5 -0.1pp Liquidity risk 2.1 1.21.4% 3.6% - Return on assets (ROA), % 1.9% 15.5%3.8% 9.1% - Return on equity (ROE), % 3.5% 71.0%

36.9% 39.6% -6.9% Equity ratio, % 54.2% 21.8%30.7% 26.8% +14.4% Gearing ratio, % -31.7% 49.5%

14

ASG Group’s Cash Flows & CAPEX

Net cash at the end of period (LTL million)

Capital Expenditure (CAPEX, LTL million)

1

4

7

- 1 2 3 4 5 6 7 8

1Q 2010 1 Q 2011 1Q 2012

4

35

13

- 5

10 15 20 25 30 35 40

31-03-2010 31-03-2011 31-03-2012

15

ASG Group’s Employees

Breakdown of ASG Group’s employees by business segments (31-03-2012)

Breakdown of ASG Group’s employees by business segments (31-03-2012)

During the first quarter of 2012, the total number of ASG Group’s employees went up by 40.

567

619

678

738

1027

1 067

31-12-2009

31-03-2010

31-12-2010

31-03-2011

31-12-2011

31-03-2012

Number of employees at the end of period

148

504

342

5023

CharterMROGround HandlingTrainingUnallocated

0%

20%

40%

60%

80%

100%

30-06-2010 30-06-2011 30-06-2012

16

32.9%

21.9%

13.2%6.6%

25.3%ZIA Valda Cyprus Ltd.Indeco: Investment and Development UABHarberin Enterprises LimitedING Otwarty Fundusz EmerytalnyOther

Distribution of ASG Shareholders as at 31 March 2012:

ASG Shareholders

On 3 March 2011 shares of the Avia Solutions Group AB were introduced to trading at Warsaw Stock Exchange (code: AVIASG).

The authorised capital of the Company is divided into 5 893 333 ordinary shares with a par value of LTL 1 each.

Part of shares and votes Part of shares and votes 31-03-2012 31-12-2011 31-12-2010

32.9% 32.9% ZIA Valda Cyprus Ltd. 43.90%21.9% 21.9% Indeco: Investment and Development UAB 29.30%13.2% 13.2% Harberin Enterprises Limited 24.40%6.6% 6.6% ING Otwarty Fundusz Emerytalny -

25.3% 25.3% Other 2.50%100% 100% Total 100%

17

ASG vs WIG (from 03-03-2011 till 31-12-2011) ASG vs WIG (from 01-01-2012 till 31-03-2012)

03-03-2011: 53.30High: 71.00Low: 23.8531-12-2011: 28.35

01-01-2012: 29.79High: 45.00Low: 24.5531-03-2012: 35.35

Prices in PLN

ASG Share Price & Performance

18

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED STATEMENTS OF CASH FLOWS

Appendices

19

LTL'000 3 months period ended 31 March Year ended 31 December2012 2011 2010 2011 2010 2009 2008 2007

Revenue 141 294 74 909 54 516 476 769 304 263 233 358 104 495 18 747 Other income 683 404 257 1 730 7 339 217 4 9 Aircraft fuel expenses (37 387) (17 543) (18 412) (126 304) (88 452) (47 048) (11 821) -Spare parts and consumables expenses (26 425) (7 131) (2 488) (51 084) (19 544) (15 346) (11 576) (3 199)Employee related expenses (19 983) (11 209) (8 670) (65 825) (39 561) (40 528) (26 598) (7 406)Aircraft servicing and handling expenses (11 325) (5 250) (4 688) (46 930) (27 841) (33 138) (8 287) -Aircraft and equipment lease expenses (8 147) (8 193) (9 488) (58 302) (54 240) (43 479) (9 678) -Cost of services resold (6 980) (2 745) (2 211) (18 057) (9 694) (3 557) - -Training and related expenses (5 180) (3 578) (757) (15 830) (7 132) (1 518) (707) (113)Aircraft maintenance expenses (5 311) (2 681) (1 187) (20 182) (8 007) (4 879) (2 881) (548)Rent and maintenance of premises (3 468) (1 976) 1 229 (8 070) (2 777) (9 414) (12 116) (3 239)Depreciation and amortization (2 868) (1 624) (1 304) (8 073) (4 878) (4 700) (3 199) (1 372)Impairment of receivables (28) (30) 43 (3 753) (1 420) (2 769) (4 826) (45)Other operating expenses (10 840) (8 411) (4 018) (46 086) (24 224) (19 350) (12 760) (1 216)Other gain/(loss) - net 1 498 154 1 3 910 13 296 1 217 2

Operating profit (loss) 5 533 5 096 2 823 13 913 23 845 8 145 1 267 1 620 Finance costs – net (205) (546) (599) (3 049) (3 175) (1 810) (1 027) (100)Share of profit/(loss) of associates (853) - - - - - - -

Profit (loss) before income tax 4 475 4 550 2 224 10 864 20 670 6 335 240 1 520 Income tax (656) (1 478) (477) (2 142) (2 879) (1 685) (740) (378)

Net profit (loss) for the period 3 819 3 072 1 747 8 722 17 791 4 650 (500) 1 142 Total comprehensive income for the period (583) 40 (2) 661 (16) - - -

Total comprehensive income for the period 3 236 3 112 1 745 9 383 17 775 4 650 (500) 1 142

Profit (loss) attributable to equity holders 3 938 3 305 1 747 9 719 18 013 4 619 (689) 956 Profit (loss) attributable to non-controlling interests (119) (233) - (997) (222) 31 189 186

3 819 3 072 1 747 8 722 17 791 4 650 (500) 1 142 Total comprehensive income attributable to equity holders 3 370 3 343 1 745 10 359 17 997 4 619 (689) 956 Total comprehensive income attributable to non-controlling interests (134) (231) - (976) (222) 31 189 186

3 236 3 112 1 745 9 383 17 775 4 650 (500) 1 142

Consolidated Statements of Comprehensive Income

20

LTL'000 As at 31 March As at 31 December2012 2011 2011 2010 2009 2008 2007

Non-current assetsPPE 55 764 30 720 52 615 29 198 25 340 29 156 23 134Intangible assets 9 038 3 735 10 044 2 723 2 235 1 319 71Investments into associates 94 - - - - - -Deferred income tax assets 7 367 1 809 7 533 1 157 1 040 1 149 409Trade and other receivables 16 212 2 576 15 274 1 920 4 200 2 214 123

88 475 38 840 85 466 34 998 32 815 33 838 23 737Current assets

Inventories 47 911 13 349 35 619 12 319 9 102 8 016 1 730Trade and other receivables 112 510 74 186 97 222 51 366 21 634 13 864 3 489Amount due from customers for contract work 5 518 - 6 512 2 937 - - -Prepaid income tax 504 99 299 240 165 - -Short-term bank deposit 8 410 268 1 926 1 468 - -Cash and cash equivalents 15 432 36 453 17 781 10 713 5 909 223 1 223

181 883 124 497 157 701 79 501 38 278 22 103 6 442Total assets 270 358 163 337 243 167 114 499 71 093 55 941 30 179

EQUITYShare capital 5 893 5 893 5 893 4 420 - - -Share premium 58 770 58 735 58 770 - - - -Legal reserve 263 - - - - - -Merger reserve (2 746) (3 473) (2 483) (3 473) - - -Cumulative translations differences 56 22 624 (16) - - -Retained earnings 37 469 27 306 33 531 24 001 - - -Invested capital - - - - 7 015 811 1 182

99 705 88 483 96 335 24 932 7 015 811 1 182Non-controlling interests (501) (112) 18 119 - 261 211

Total equity 99 204 88 371 96 353 25 051 7 015 1 072 1 393

LTL'000As at 31 March As at 31 December

2012 2011 2011 2010 2009 2008 2007 LIABILITIESNon-current liabilities

Borrowings 29 056 5 478 28 245 10 580 15 344 19 251 12 508

Deferred income tax liabilities 329 303 289 9 380 - - -Trade and other payables 2 026 2 147 2 109 1 746 3 963 2 671 870Security deposits received 9 446 8 832 10 238 33 - - -

40 857 16 760 40 881 21 739 19 307 21 922 13 378Current liabilities

Borrowings 30 337 9 682 24 891 24 716 8 560 3 912 4 512Trade and other payables 81 666 39 770 60 694 37 080 30 457 23 390 8 580Advances received 8 818 3 959 8 162 2 908 2 630 1 739 1 528Security deposits received 3 561 4 069 7 525 947 2 111 2 233 -Current income tax liabilities 5 915 726 4 661 2 058 1 013 1 673 788

130 297 58 206 105 933 67 709 44 771 32 947 15 408Total liabilities 171 154 74 966 146 814 89 448 64 078 54 869 28 786Total equity and liabilities 270 358 163 337 243 167 114 499 71 093 55 941 30 179

Consolidated Balance Sheets

21

LTL'0003 months period ended

31 March Year ended 31 December

2012 2011 2010 2011 2010 2009 2008 2007 Operating activities

Profit (loss) for the year 3 819 3 072 1 747 8 722 17 790 4 651 (500) 1 142Income tax 656 1 478 477 2 142 2 879 1 685 740 378

Adjustments for:Depreciation and amortisation 2 868 1 624 1 304 8 073 4 878 4 700 3 199 1 372Discounting effect on deposits placed 462 - - 813 1 517 437 585 59Interest expenses 552 413 267 1 411 1 435 910 780 40Impairment of accounts receivable, 28 30 (43) 3 753 1 420 2 769 4 826 45Accruals of c-check costs, hangar lease payments 150 346 (65) 1 135 1 419 2 615 2 720 870Currency translations differences (876) 1 179 1 081 (136) - -Interest income (115) (14) (37) (410) (114) (217) (4) (9)Net fair falue of net assets disposals - - - (2 890) - - - -Share of profit/(loss) of associates 853 - - - - - - -

Changes in working capital:- Inventories (12 294) (1 030) 93 (23 550) (3 217) (1 086) (6 063) (1 697)- Trade and other receivables (36 034) (18 643) (10 647) (41 103) (31 004) (12 921) (14 935) (2 481)- Trade and other payables, advances received 27 144 2 944 3 311 29 036 (96) 6 613 13 960 10 234- Security deposits received 1 539 (763) 371 7 494 8 732 (122)

Cash generated from (used in) operations (11 248) (10 543) (3 222) (4 195) 6 720 9 898 5 308 9 953

Interest received 172 - - 38 14 - 1 -Interest paid (527) (90) (91) (1 271) (770) (606) (750) (37)Income tax paid (124) - (100) (2 451) (1 434) (1 948) (438) -

Net cash generated from (used in) operating activities (11 727) (10 633) (3 413) (7 879) 4 530 7 344 4 121 9 916

LTL'0003 months period ended

31 March Year ended 31 December

2012 2011 2010 2 011 2010 2009 2008 2007 Investing activities

Purchase of property, plant and equipment and intangible assets (4 162) (3 866) (753) (24 197) (6 948) (1 904) (3 348) (19 440)Proceeds from property, plant and equipment and intangible assets 1 399 91 - 1 82 346 - 201Purchase of subsidiaries (net of cash acquired) - - - (4 000) 43 - - -Proceeds from sale of subsidiaries - - - 700 - - - -Proceeds from sale of interest in subsidiary without loss of control - - - 532 - - - -Loans granted (4 143) - (450) (15 601) (5 297) (2 986) (1 737) -Repayments of loans granted 12 545 293 400 2 053 5 034 2 720 1 100 -Deposits placed (1 170) (365) (553) (12 206) (2 290) (974) (1 961) -Repayments of deposits placed - - - 150 - - - -Cash acquired through investment in the Group companies - - - - - - 134 -

Net cash (generated from) used in investing activities 4 469 (3 847) (1 356) (52 568) (9 376) (2 798) (5 946) (19 239)

Financing activitiesContribution to share capital in cash - 60 208 - 60 243 - - - -Increase of share capital - - 35 - 4 420 - - -Increase of non-controlling interests - - - - 102 - - -Capital contribution towards share capital of combining entities - - - - - 4 139 177Bank borrowings received 11 201 - 1 700 40 914 17 805 1 622 478 10 058Repayments of bank borrowings (4 075) (3 105) (357) (14 155) (9 948) (2 933) (1 468) -Borrowings from related parties received - 514 3 473 452 13 504 - - 258Repayments of borrowings from related parties - (18 374) (370) (8 488) (14 908) 3 115 - -Other borrowings received - - - 796 - - - -Repayment of other borrowings (1) - - (11 679) - - - -Increase in financial lease liabilities - 252 (141) - - - - -Decrease in financial lease liabilities (1 221) - - (2 821) (539) (541) (80) -

Net cash generated from (used in) financing activities 5 904 39 495 4 340 65 262 10 436 1 267 (931) 10 493Movement in cash and cash equivalentsAt beginning of year 14 821 10 006 4 416 10 006 4 414 (1 399) 1 223 53Increase in cash and cash equivalents (1 354) 25 015 (429) 4 815 5 590 5 813 (2 622) 1 170At end of year 13 467 35 021 3 987 14 821 10 004 4 414 (1 399) 1 223

Consolidated Statements of Cash Flows

Thank You For Your Attention

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