Robert E. Langer is a partner in the corporate practice group of Akin, Gump, Strauss, Hauer & Feld, L.L.P. in New York. He recently transferred from the Moscow office, where he was the senior resident partner. Prior to joining Akin Gump, Mr. Langer was the managing partner of Chadbourne & Parke, L.L.P. in Moscow.

During more than fifteen years of practice in the former Soviet Union and Russia, Mr. Langer advised Russian and foreign companies in structuring strategic and portfolio investments in Russia and the former Soviet Union, and assisted Russian companies in raising capital on foreign debt and equity markets. His clients include Russian and multinational companies, commercial banks, financial institutions, international development funds, major international investment banks and lending institutions, emerging market funds and securities houses. Mr. Langer is one of the lead attorneys on most financings involving Russian entities and on debt offerings by Russian entities and municipalities, and is generally responsible for the drafting or review of Akin Gump's legal opinions in connection with Russian transactions.

Mr. Langer received his B.A. with high honors in Russian and East European studies from the University of Michigan in 1982 and his J.D. magna cum laude in 1989 in Soviet and comparative law from Tulane University Law School, where he was a member of Order of the Coif. He did his master’s work in Russian Language and Literature at Norwich University Russian School. In 1985-86 he was a visiting scholar of international law at the Institute of State and Law of the USSR Academy of Sciences under a joint grant from the USSR Government and the U.S. Information Agency. Mr. Langer writes extensively and is a frequent speaker at conferences and universities on legal developments in Russia and the CIS.

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Simon Vine as a Deputy Head of Investment Bank is responsible for managing key client relationships focusing on developing the Bank’s equity and fixed income derivatives and structured product businesses.

Simon Vine is also a Head of the Debt and Currency Markets Group. Since 1998, the Group has been one of the leading financial advisors to corporate and municipal clients, as well as the leading fixed income and FX trading operation in the region.

Prior to joining the Bank in 1998, he was Senior Director of derivatives at American Express Bank.

He managed a proprietary hedge fund at Refco, the Foreign Exchange and Metals Options Group at Union Bank of Switzerland (UBS), and foreign exchange trading at Societe Generale both in inter-bank activities and on the floors of the Philadelphia and Chicago Exchanges.

Vine holds an MBA from Columbia Business School (US) and a BA from the Institute of Finance and Economics in Moscow. .

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Andrew Somers has served as president of the American Chamber of Commerce in Russia since November 2000. Under his leadership, the Chamber has become one of the leading and most influential foreign business organizations in Russia, with more than 750 member companies. Mr. Somers plays a major role in advocating AmCham member company interests a wide range of industry sectors, as well as on business-related issues. The Chamber is a lead organization in the Russian American Business Dialogue, and also co-chairs the U.S.-Russia Commercial Energy Dialogue. Mr. Somers brings with him more than 25 years of international corporate, entrepreneurial, legal and political experience. For many years, he was executive vice president, general counsel and member of the board of American Express TRS Company. He received his law degree from Columbia University and a master’s degree in Russian history from Columbia University’s Harriman Institute.

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Michael Calvey is the founder and Co-Managing Partner of Baring Vostok Capital Partners and is a Senior Partner in Baring Private Equity Partners. Mr. Calvey has been working full time in Moscow since 1994, principally as the manager of the First NIS Regional Fund and the Baring Vostok Private Equity Fund. Prior to 1994, Mr. Calvey worked at the EBRD and Salomon Brothers in London and New York, where he was responsible for project finance and corporate finance in the oil and gas sector. .

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In 1958 Mr. Resin graduated from the Moscow College of Mining and started his carrier working for the Ministry of Coal Industry and the Ministry of Mounting and Special Projects.

From 1988 till 1996 he worked as First Deputy Head of GlavMosInzhstroy and then from 1987 till 1988 was Head of GlavMosInzhstroy. Between 1988 and 1996 he worked as First Deputy Head and as Chairman of MosStroyCommittee. In 1996 Mr. Resin became First Vice President of Moscow City Government. Since 2000 Vladimir I. Resin is First Deputy Mayor responsible for the City Architecture, Construction, Reconstruction and Development Complex.
Mr. Resin was born in Minsk in 1936.

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Patricia M. Cloherty is former Co-Chairman, President and General Partner of Apax Partners, Inc. (formerly Patricof & Co. Ventures, inc.), an international private venture capital company that she joined in 1970 and that has $10 billion under management. She is a past President and Chairman of the National Venture Capital Association in the United States. In 1991, President George H.W. Bush appointed her to chair the Investment Advisory Council, charged with revamping the Small Business Investment Company program of the U.S. Small Business Administration. She also was appointed to the SBIC Reinvention Council formed under the Clinton Administration to advise further on the SBIC program. From 1977 to 1978, Ms. Cloherty was Deputy Administrator, U.S. Small Business Administration, appointed by President Carter.

Ms. Cloherty holds various directorships, among them Lexicon Genetics, Inc., Mojave Therapeutics, Inc. and Tessera, Inc. She is a trustee of International House, Teacher College of Columbia University, the EastWest Institute, the Ewing Marion Kauffman Foundation, and is a member of the Rockefeller University Council, and the Council on Foreign Relations. She was appointed to the Board of the U.S. – Russia Investment Fund in 1995 by President Clinton, and became Chairman in 1998.

She holds a B.A. from the San Francisco College for Women, and an M.A. and M.I.A. from Columbia University.

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Hubert Pandza has led the Russia & Central Asia Team as Business Group Director at EBRD Headquarters London since October 2002, determining the strategies and directing the Bank’s activities in the region’s countries of operation. The business group currently operates out of its London Headquarters and 10 resident offices.

The Russia and Central Asia region accounts for 31% of the Bank’s current portfolio, which was EUR 4.5 bln as of end December 2003. In 2003, the Bank generated business volume of approximately EUR 1.4 bln in the region, with 90 projects in the following sectors: Financial Institutions, General Industry, Infrastructure, Energy and Specialised Industries. In Russia, the efforts are concentrated on diversification of a natural resource based economy; promotion of private sector development; modernization and restructuring of the industrial complex; enhancing competition through financial sector reform and small business development; and expanding into the regions. In Central Asia, the Bank supports critical infrastructure development; small and medium business development; and strengthening the investment climate by promoting sound corporate governance standards and legislative reforms.

Prior to joining EBRD, Mr. Pandza’s 26 year career with Deutsche Bank AG found him assigned to the Eastern Europe and Central Asia Division, working to define and implement regional strategies as well as establish subsidiaries and representative offices. In 1998, he assumed the role of CEO, Deutsche Bank Moscow, developing Deutsche Bank’s business in Russia and other countries of the CIS, including coverage of major international clients and local clients as well as the local entity management.

Mr. Pandza holds a Masters of Science in International Economic Relations from the University of Saarbruecken. He speaks German, English, Russian and Polish.

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Prior to his appointment as a Head of Real Estate with Fleming Family and Partners, Maksim Kunin was Director of Investment Services with Noble Gibbons/CB Richard Ellis in Moscow.

During 1999-2001 Maksim was with LaSalle Investment Management (New York and London) with his main areas of practice being in portfolio management, asset management and asset sales. At the end of 2001 he was involved in disposition of a 2 billion USD Japanese Real Estate Portfolio consisting of trophy assets, such as the 59 storey Citigroup Center in New York and the 73 storey Library Tower in Los Angeles.

While in London, he was involved in the development of new Investment Funds in Central Europe and underwriting for the existing funds in Western Europe.

From 1997-1999 Maksim headed Jones Lang LaSalle's Valuation and Consulting department in Moscow, where he was responsible for Jones Lang LaSalle valuations and consulting projects across CIS.

He received his Master of Business Adminsitration in Finance and Corporate Accounting from William E. Simon Graduate School of Business Administration, University of Rochester.

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Andrey V. Kruglov is a Head of Gazprom’s Corporate Finance Department, Member of Gazprom’s Management Committee since 2002, and acting Director of Gazprom Finance B.V., Moscow from October 2002 .

In 1994 he graduated from the St. Petersburg Technological Institute of the Refrigeration Industry and started his working activity at BNP-Drezdner-Bank (Russia), St. Petersburg as a Supervisor of the Foreign Operations Department.
From 1995 till 2001 Mr Kruglov served as Chief Expert of the International Finance Institutes, Investments and Credits Division of the Foreign Economic Relations Department, Head of the Finance and Credit Cooperation Division of the Department of Technical Cooperation with Foreign Countries and International Organizations, Head of the Foreign Trade and Investments Devision of the Managing Department of Foreign Economic Cooperation, St. Petersburg Administration. Between 2001 and 2002 , he worked as Deputy Director of the Invest-In Limited Liability Company, Veliky Novgorod. Andrey Kruglov was born in 1969 in Leningrad..

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In 1966 Mr Koshman graduated from the Ussurijsk Military Automotive College, and then in 1973 from the Military Logistics and Transportation Academy. After having graduated from the military school Koshman was serving with the railroad forces.

From 1991 till 1999 Nikolay Koshman was advisor to the federal government representative in Chechnya , the head of Chechen Administration, First Deputy Minister of Railroad Transportation, headed the special federal construction service . In 1999 he was appointed by Vice President the official representative of the federal government in Chechnya.

Since 2002 Mr Koshman is Chairman of Gosstroy.

Nikolay Koshman was born in the Ukraine in 1944.

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William Browder is the founder and CEO of Hermitage Capital Management, the leading international asset management firm specializing in Russian equities. The firm’s clients include high net worth individuals and major financial institutions. Hermitage Capital Management currently has around $1.5 billion invested in Russia.

Under Mr. Browder’s leadership, The Hermitage Fund has increased in value by 837% compared to 178.98% for the CSFB ROS Index since its launch in 1996 (to December 31, 2002). It has been ranked the World’s Best Performing Emerging Markets Fund over a five-year period by Nelsons (1996-2001). The Hermitage Fund was also awarded the Best Performing Fund in the World by Micropal (1997) and the Best Russian Fund by Lipper (1997-1998).

Mr. Browder’s position on corporate governance practices in Russia has made him a leading shareholder rights activist and outspoken fighter for better corporate governance. He has been credited for a number of breakthroughs in improving corporate standards at major Russian companies, including Unified Energy Systems and Gazprom. He also spearheaded radical changes in the Russian corporate law, which resulted in pre-emptive rights being granted to minority shareholders in all Russian companies.

Mr Browder serves as Chairman of the Russia Task Force for the Institute of International Finance, Inc., is a member of the OECD/World Bank roundtable on Corporate Governance in Russia and a Member of the International Corporate Governance Network. Mr. Browder often reports on shareholder rights issues to international financial organizations and government agencies. He was named a Global Leader of Tomorrow at the World Economic Forum in Davos 2001, a Henry Crown Fellow at the Aspen Institute and is a regular speaker at Bloomberg, CNBC, Euromoney conferences and serves as a Russia expert to FT, Wall Street Journal and New York Times.

Mr. Browder started Hermitage Capital Management in 1996 in partnership with the late Edmond Safra. The firm is now a member of the HSBC group.

Prior to starting Hermitage, Mr. Browder was Vice President at Salomon Brothers where he managed the firm’s proprietary investments in Russia. Before that, he was management consultant with the East European practice of the Boston Consulting Group in London. He received an MBA from Stanford Business School and a BA in Economics with highest honors from the University of Chicago.

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Sergey Kuznetsov, Chief Executive Officer
Interfin Trade Financial Company

Sergey Kuznetsov was appointed to this position in October 2001 after being managing director of the company for several months. Interfin Trade Sergey has been operating in banking activities field since 1993. He was the head of debt issues and derivatives directions of Alpha-Capital and Alpha Bank. Mr. Kuznetsov has been engaged in IMPEXBANK investment schemes and created bills of exchange and debt issues grounds. He was chief financial executive and stockholder of the "Investment Technology Company" closed company since the end of 1999 till 2000. He was an advisor of chief economic and financial manager of the Moscow branch of the "Mezhregiongaz" public corporation. Sergey has got a qualification certificate of the Federal Commission for the Securities Market of 1.0 series and two higher educations, as he has graduated from the Moscow State Institute of Radio Engineering, Electronics and Automation and Economic Academy of the Ministry of Economy.

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Kutlay Ebiri, Regional Chief Economist and Strategist, Central and Eastern Europe.
International Finance Corporation

Kutlay Ebiri is the Chief Economist and Strategist of the Central and Eastern Europe Region at the International Finance Corporation (IFC). IFC, the private sector arm of the World Bank Group, is a global investor committed to promoting the development of the private sector in its member countries by financing economically and financially sound, and environmentally and socially sustainable investment projects. Established in 1956, IFC is the largest multilateral source of loan and equity financing for private sector projects in the developing world.

Since 1981, Mr. Ebiri has held senior level positions in both the World Bank and IFC covering regions from Latin America to Southern, Central and Eastern Europe, and worked on a variety of subjects from macroeconomics to social sectors, from economic modeling to private sector development. Between 1992 and 1997, he was the World Bank Representative for Albania and Azerbaijan. Before he joined the World Bank Group, Mr. Ebiri held various positions with the Turkish government, including State Planning Organization, Ministry of Finance and the Central Bank. He also taught economics at the Middle East Technical University.

Mr. Ebiri holds a PhD. in Economics from the University of York (1974), a M.Sc. in Population Dynamics from Hacettepe University, Ankara (1970). His Bachelor's degree is in Economics and Finance from Ankara University, Faculty of Political Sciences (1968).

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Kieran Donnelly, Head of International Fixed Income Sales
MDM Financial Group

Kieran Donnelly joined MDM in September 2003 to spearhead MDM’s international sales efforts.

Prior to joining MDM, Mr. Donnelly was the General Manager in charge of Capital Markets-Client Business at Standard Bank London Limited. Before Standard, Mr. Donnelly was a Managing Director and portfolio manager at Deltec Asset Management.

Mr. Donnelly holds a BA, magna cum laude, from Fordham University, New York, USA.

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After a career as a professor, businessman, and consultant (in the USA, England, Netherlands, Russia, and Hong Kong) dealing with developing economies, socialist economies, and then “transition economies” of Europe and Asia, Jonathan Schiffer joined Moody’s Investors Service in 1994. He authored most of Moody’s initial (and subsequent) rating recommendations and reports for the countries of central and eastern Europe and the former Soviet Union (except for the Baltics, Romania, and Bulgaria). Mr. Schiffer has been analyzing central/ eastern Europe and the former Soviet Union since the early 1980s.

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Biography to follow shortly.

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Dmitry Ahanov is Head of Strategy at the Russian Joint Stock Company Unified Energy System of Russia (RAO UES of Russia). He graduated from the Peoples’ Friendship University of Russia in economics and law in 1999 and 2000, respectively. Prior to joining the Capital Department at RAO UES in 2002, Mr. Ahanov was the Corporate Finance Manager and Director of the Management Consulting Project at NIKoil. In 2003, he became chief of the newly established Strategy Department of RAO UES. Dmitry Ahanov was born on 28 October 1975. .

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Guerman Aliev has graduated from London Business School majoring in Finance. From 1992 through 1995 he worked as an associate in the Finance Department of Gulf Oil (Canada), Ltd. From 1995 through 1996 he worked at Renaissance Calpital (Moscow) as a Fixed Income Sales Associate. In 1996 he joined Merrill Lynch (London) as a Director of Global Equity Derivatives, then moving on to become a Director of Equity Capital Markets taking charge of Merrill's equity-linked capital markets activities in Emerging Regions of South Africa, Israel, Eastern Europe and Russia.. From March 2001 through April 2003 Guerman Aliev worked as a Director of Equity Capital Markets at Dresdner Kleinwort Wasserstein (London) covering mostly Western European countries. He joined Rosbank (Moscow) as a Deputy CEO in April 2003 taking charge of investment banking and capital markets business.

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Alexey Buyanov, First Vice President, Chief Financial Officer
Sistema AFK

Alexei Buyanov is Sistema’s First Vice President in charge of Finance and Investment, a position he has held since September 2002. For three months prior to that he was a vice president heading the Financial Restructuring Department.

Mr Buyanov joined Sistema from his position as vice president at Sistema’s subsidiary, Mobile TeleSystems JSC (MTS), where he spent four years between 1998 and 2002. In that capacity, he was part of the team that enabled MTS’ IPO on the NYSE in 2000.

Mr Buyanov has spent his entire career with the Sistema group. He first joined them in 1994, where he spent two years working for the Property Department. He then became Head of Administration for ZAO Sistema-Invest in 1995, and subsequently VP and then First VP for this division.

Mr Buyanov graduated from the Moscow Physics and Engineering Institute (MPEI) in 1992 with a major in applied mathematics and physics.

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Mark B. Stiles, Head of Representation
Stiles & Riabokobylko Ltd

Mr. Stiles is a founding partner of Stiles & Riabokobylko, a Commercial Real Estate Services firm which is in association with Cushman & Wakefield and Healey & Baker. He has represented both landlords, tenants, and investors in the office, industrial, and retail markets to include Moscow-McDonald’s, ING Bank Eurasia, W.R. Grace & Co., Nestle, Templeton Emerging Markets Fund, Moscow City Government’s development projects, Swatstroi Construction & Development, Dresser Industries, Unisys World Services and ABB.

Mr. Stiles has over fifteen years’ experience in commercial real estate, starting with Adams-Cates / Grubb & Ellis in 1988, and has concluded transactions with companies such as Best Buy Inc., The Brunswick Corporation, Norrel Services, Thrift Corporation, P.C. Warehouse, Sizes Unlimited, and The Brown Company, Inc. in the US.

Mr. Stiles has had experience in numerous property markets from the Washington, DC area to Orlando, Florida including over four years’ experience in Russia. He team-leased one of the largest power centers in Raleigh, NC, and one the largest office buildings in Moscow. Mr. Stiles has implemented strategies to bring underperforming properties to a positive cash flow and has handled dispositions of excess properties to alleviate cash drains.

Mr. Stiles has developed, coordinated and executed project feasibility studies, leasing strategies, development proformas, market analyses, positioning strategies and build-to-suits for both landlords and tenants.

Mr. Stiles holds the following professional designations: Corporate Commercial Investment Member (CCIM), International Affiliate Member of the Society of Industrial and Office Realtors® (SIOR), member of the International Council of Shopping Centers (ICSC) and Charter Member of the Atlanta Commercial Board of Realtors, the first commercial real estate board in the US. Mr. Stiles concentrated his studies in real estate and economics at the University of Georgia and has further studied the transformation of Eastern Europe and Russia at Georgia State University.

Mr. Stiles has chaired events to benefit the Cystic Fibrosis Foundation and has been the Chairman of the American Chamber of Commerce (Moscow) Real Estate Committee for two consecutive years.

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Iosif Bakaleynik, Senior Vice President – Finance (CFO)
SUAL

Iosif Bakaleynik joined SUAL in August 2003 as SVP Finance (CFO). In addition to leading the finance function, his responsibilities include corporate planning and performance measurement and Group IT.

He was previously Chief Financial Officer and a Member of the Executive Board at Tyumen Oil Company (TNK), where he played a key role in the successful merger of TNK with BP’s Russian assets, to create TNK-BP.

Before TNK he was Chairman of the Board and General Director of the Vladimir Tractor Plant where he developed and implemented a major restructuring following privatisation.

Mr Bakaleynik has worked in a range of companies and organisations in both the US and Russia. This included a two-year stint at the International Finance Corporation in Washington DC where, in 1992, he was seconded to the Russian Government as special advisor on direct foreign investment.

A graduate of Moscow State University, where he received a Master of Science degree in economics and a PhD in economics, he also gained an MBA (Master of Business Administration) from Harvard Business School.

He was also Chairman of the Board of several subsidiaries of TNK, a member of the advisory board of the Bank of Oklahoma and a member of the Board of the Russian Jewish Congress.

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David B. Cook, Executive VP, Planning & Performance Management (PPM)
TNK-BP

David B. Cook was commercial director for BP’s deepwater development projects in the Gulf of Mexico. He was responsible for the commercial aspects of the projects, which include the planning and management of current operations, financial administration and accounting, project performance, investment management and protection, contract administration and commercial negotiations. Investment in these projects over the last two years was almost $3 billion.

Before his appointment to that role, David Cook was a member of the corporate Planning and Performance Management group and lead an offshore production team. He was responsible for planning and performance management of twelve divisions of the company (in Alaska, in the deep-water regions of the Gulf of Mexico, in Venezuela, Angola, Egypt, Algeria, Norway, Azerbaidzhan and Vietnam) with annual investments of more than $2 billion and production of more than 400,000 boe (barrels of oil equivalent). Before that, David Cook worked for Amoco, where he was involved in the planning, performance management and Upstream Exploration and Production.

David Cook has broad international experience - while working for the Amoco Corporation he lead projects in Azerbaidzhan, Poland, Kazakhstan and Russia. For almost two years he ran the Amoco Office on Yuzhno-Sakhalinsk.

David Cook has a bachelor’s degree and a doctorate in geophysical sciences from Michigan State University. He also completed a business-management course for senior executives at Rice University in the United States.

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Before becoming President of The Nixon Center, Simes served as Chairman of the Center for Russian and Eurasian Programs at the Carnegie Endowment for International Peace, where he was also a Senior Associate. Earlier, he was the Director of the Soviet and East European Research Program and a Research Professor of Soviet Studies at the Nitze School of Advanced International Studies of the Johns Hopkins University. His most recent book, After the Collapse: Russia Seeks Its Place as a Great Power, was released by Simon & Schuster in March 1999.

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Eugene K. Lawson began as President of the newly-formed U.S.-Russia Business Council on January 11, 1993 following his resignation as Acting Chairman and President of the Export-Import Bank of the United States. For four years, he was Vice Chairman, confirmed by the senate following nomination by President Bush.

At Eximbank, Mr. Lawson worked to expand trade links with Russia and other newly independent states in Central and Eastern Europe by structuring trade credits. He was the Bush Administration’s point man in negotiations to conclude a proposed $2 billion oil and gas framework agreement with Russia.

From 1988 to 1989, Mr. Lawson was Deputy Under Secretary or Labor for International Affairs. In 1988, he also served as U.S. Ambassador to the International Labor Organization in Geneva, and as a member of the Board of Directors of the Overseas Private Investment Corporation.

From 1984 to 1988, he was Executive Director in the Washington office of Russell Reynolds Associates, Inc., an international executive recruiting firm.

He was Deputy Assistant Secretary of Commerce for East Asia and the Pacific from 1982 to 1984. From 1981 to 1982, he was Deputy Assistant Secretary of Commerce for East-West Trade, which concerned with former Soviet Union and other Eastern Bloc countries.From 1977 to 1980, he was Director of the Master of Science in Foreign Service Program, Director of the Program for China Studies, and a Professorial Lecturer at Georgetown University.

He was Deputy Director of the State Department’s Office of Special Bilateral Affairs from 1975 to 1977. From 1973 to 1974 he was a Guest Fellow at the Brookings Institution. Earlier in his career, he served as a staff assistant and special assistant to the Assistant Secretary of State for East Asia and the Pacific.

Mr. Lawson served as an officer in the U.S. Navy in the Pacific from 1961 to 1963.

Mr. Lawson graduated cum laude from Princeton University and holds a PhD from Columbia University.

He is the author of two books about China. U.S.-China Trade: Problems and Prospects, and The Sino-Vietnamese Conflict. He has also published numerous magazine and newspaper articles about international trade issues.

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