1. KEY RESULTS OF 2009

1.1 MARKET HISTORY

1.1.1 INITIAL SATURATION OF MARKET

1.1.2 FROM DEFAULT TO SYSTEM CRISES OF 2003-2004

1.1.3 “THE GOLDEN AGE” OF THE RUSSUAN MARKET

1.3 FORECAST FOR 2010

2. SUPPLIES & SALES & REMAINDERS

2.1 A/C SUPPLY

2.2. REMAINDERS

2.2.1 DISTRIBUTORS’ REMAINDERS

2.2.2 NON-LIQUID EQUIPMENT

2.2.3. INSTALLERS’ & SUBDISTRIBUTORS’S REMAINDERS

2.3. REEXPORT

2.4. CLIMATE EQUIPMENT SALES TO END CONSUMER

3. RUSSIAN MARKET STRUCTURE

3.1 CLIMATE EQUIPMENT TYPES

3.1.1 RAC

3.1.2 MULTI-SPLITS

3.1.3 PACKAGED AIR CONDITIONER

3.1.4 WINDOW AIR CONDITIONERS

3.1.5 MOVEABLE AIR CONDITIONERS

3.2 OTHER STRUCTURAL FEATURES

3.2.1 HEATING SYSTEM SHARE

3.2.2. HCF COOLANT EQUIPMENT

3.2.3. INVERTER TYPE MODELS

3.3 CONSUMER MARKET STRUCTURE

3.3.1 SALES TO CORPORATE CUSTOMERS

3.3.2 SALES TO ELITE RESIDENTIAL SECTOR

3.3.3 SALES TO STANDARD RESIDENTIAL SEGMENT

4. SPECIFIC BRANDS’ SALES IN 2009

4.1 JAPANESE BRANDS

4.2 KOREAN BRANDS

4.3 CHINESE BRANDS

4.4 EUROPEAN, AMERICAN, ISRAELI BRANDS

5. RUSSIAN MARKET A/C DELIVERY CHANNELS

5.1. A/C PURCHASED BY SPECIALIZED COMPANIES

5.2. A/C PURCHASED BY HOME APPLIANCES DISTRIBUTORS

5.3. A/C PURCHASED BY CHAIN STORES

5.4. A/C PURCHASED BY SALES OFFICES

6. END USER SALES CHANELS

6.1 SPECIALIZED COMPANIES

6.2 HOME APPLIANCE STORES

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