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Investment Partners

NNRF Inc. has commenced an acquisition program to acquire Russian companies that are highly specialized manufacturers of materials for Russian and foreign nuclear markets. These include companies who desire to continue and improve their sales to Russian Federation and foreign nuclear facilities or to be able to enter this market.

The strategic plan of NNRF Inc. is to establish strategic alliances with the Russian Federation agencies responsible for both domestic (ROSENERGOATOM) and foreign (ATOMSTROYEXPORT) markets and to acquire manufacturing facilities with engineering and research capabilities together with application specific technologies which establish an integrated platform of products and services for the entire nuclear cycle.

NNRF Inc. believes it has established this platform with the ZAO EMBP ATOLL acquisition and may complete additional acquisitions in 2007.