News from KONCAR GENERATORS AND MOTORS

KONČAR - GENERATORS & MOTORS Inc. signed in Oslo, 3 September 2009,  the Contract Agreement for refurbishment and increase of power of four generators in Binga Hydro Power Plant located on the Philippines with the company SN Power Aboitiz Benguet. The value of the Contract amounts to USD 12 million.

The Contract Agreement comprises the delivery of generator active parts, testing and
inspection of other parts, supervision of erection and assembly, testing and inspections,
as well as putting into operation 4 generators of increased power from 27.8 MVA to 37 MVA
within the frames of refurbishment of the whole hydro power plant.
Completion of this challenging project is foreseen for August 2013.

Binga Hydro Power Plant is in the possession of a joint venture company owned by a local company,
Aboitiz Power and a Norwegian company, SN Power. This is the first G&M tendering based
on pre-qualification procedure and direct call for tendering obtained on the basis of Company’s
good references at the Scandinavian market where the Company has realised a number of similar
projects.

KONČAR – GENERATORS & MOTORS is expected to sign contracts for around ten projects
in Costa Rica, Slovenia, Holland, Finland, Nigeria and Iran in total value higher than EURO 22 million.