MFPA Coursework "Valuation of Securities"

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Estimating the cost of ownership of the securities represented in the form of corporate bonds of "Mechel"

Date of the assessment: 1 July 2011

Determining the value date: July 1, 2011

Date of report: July 1, 2011

The serial number of the report: 001-2011 g

The basis for evaluation: the contract number 001-2011 dated July 1, 2011, concluded between JSC "X" and OOO "Assessment."

Start of assessment in accordance with the terms of the Treaty:

Customer: Closed Joint Stock Company "X", the state registration number (BIN) - xxxxxxx date assignment BIN - April 20, 2001, Customer Address: 102004, Rostov-on-Don, Federated pr., 73.

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