Sponsors

Alfa Bank
Simon Vine, Head of Treasury

Profile to follow shortly

www.alfabank.com

Alfa Bank

Jones Day
Peter Roberts, Partner
Vladimir Lechtman,
Partner

Jones Day is one of the world’s largest integrated law firms with approximately 2,200 lawyers resident in 30 offices around the world. Over 400 of the firm’s lawyers are based in Europe, including 175 in London. Jones Day provides substantial legal services to many major international corporations, including more than half of the Fortune 500 companies.

Many of Jones Day’s substantive practice areas have been listed among the best in the world. In mergers and acquisitions, for the last five years, both Bloomberg and Thomson Financial have ranked Jones Day #1 among law firms in the world for the number of completed transactions. The firm was rated the #1 legal adviser in the oil and gas sector by CorpFin Worldwide in its January/February 2003 “Oil, Gas & Energy Review”, and the American Lawyer and the Infrastructure Journal have both ranked Jones Day as one of the world’s leading project finance firms. In its 2003 bi-annual review, BTI Consulting Group, a Boston-based management consulting firm, for the second time, ranked Jones Day first in the United States among law firms for the quality of its client service.

In September of 2004, Jones Day opened its Moscow Office to support further growth of its Russian practice, which involves a wide range of transactional and advisory work focusing on cross-border M&A, international capital markets, finance, and cross-border litigation and international arbitration.

Recently, Jones Day represented Alfa Group and Access-Renova Group (AAR) in the formation of TNK-BP, a historic $18 billion joint venture with BP and the largest corporate transaction in Russian history to date. Jones Day also represented Alfa Group in the $3.7 billion monetization by AAR of their respective rights to future delivery of BP ordinary shares. Jones Day currently represents TNK-BP in connection with the development, financing, and construction of the proposed Kovykta gas pipeline project from Eastern Russia to China.

www.jonesday.com

Jones Day

MFK Investment Bank
Zina Svetelik, Institutional Sales

MFK is Ukraine's leading institution with core strengths in securities trading, research, and corporate finance. MFK offers clients a unique approach to investment in Ukraine, deep knowledge of the Ukrainian market, with the business gained from our team's education and financial sector experience in the West. Combined, this enables MFK to offer our institutional clients from North America, the EU, Russia and Ukraine unequaled service, support and advice.

Today MFK tops the list of Ukraine's largest brokers by volume of trade, and holds unique place at the Ukraine's equity market - for example, our Bank has accumulated 5% of UkrTelecom, a company with $ 2.6 bn. Mcap, 25% of KievEnergo, we have exclusive rights to deal with Kryvorizhstal, the country's largest steel and pig iron producer with a share of about 20% in domestic output and ranked 31st in the world.

MFK is a member of or has seats in all of Ukraine's major exchanges, such as PFTS, the OTC-type electronic stock exchange, the Ukrainian Interbank Currency Exchange (UICE), and the Ukrainian Stock Exchange (USE).

Just recently the PriceWaterHouse Coopers has completed the auditing of our institution with the official results available upon request.

www.mfkgroup.com

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MFK Investment Bank

Vneshtorgbank
Denis Ursulyak, Senior VP, Head of Financial Department

Profile to follow shortly

www.vtb.ru

Vneshtorgbank

Western NIS Enterprise Fund (WNISEF)
Natalie Jaresko, President & CEO

WNISEF is the region’s leading private equity fund investing in medium-sized private enterprises in Ukraine and Moldova. Capitalized initially with $150 million by the U.S. Government, WNISEF has successfully invested through various economic cycles since 1995.

WNISEF’s investment strategy is to identify and invest in private companies with outstanding growth potential and the ability to build competitive advantages. Working together with its partners, WNISEF strives to increase shareholder value, which can be measured by the companies’ profitability, and is recognized by both competitors and new market entrants. Within the portfolio, a substantial group of the companies have evolved as market leaders with dominant market shares, strong profitability, very capable management teams, as well as transparent accounting and corporate governance.

The success of WNISEF’s investment strategy is exemplified by strong returns earned on its exits. In January 2003 WNISEF sold its 85.59% stake in Vitanta-Intravest, the beer and soft drink market leader in Moldova, to Efes Breweries International B.V., the Netherlands based subsidiary of Efes Beverage Group. The sale resulted in an excess of 2.2 times cash on cash return and an IRR of 20% based on an investment of $4.7 million in a series of transactions beginning in 1998.

In March 2004 WNISEF sold its 100% stake in Slobozhanska Budivelna Keramika (SBK), the leading premium façade ceramic brick company in Ukraine, to Raiffeisen Investment AG of Austria (RIAG) and MARA Beteiligungsverwaltungs GmbH (a holding company of RIAG). The transaction, valuing SBK at $13.5 million, provided WNISEF with a return of 2.5 times the equity capital invested. In addition to being one of the largest private equity exits in Ukraine, this deal represents the first time that an innovative leveraged re-capitalization was utilized.

Since inception, the cumulative investment commitment of WNISEF totals $93.4 million to 28 companies.

www.wnisef.org

WNISEF