Dresdner Kleinwort Wasserstein
Adel Kambar,
Director, Head of Debt Capital Markets – EMEA

Dresdner Kleinwort Wasserstein, a member of the Allianz group, provides a full range of services to corporate, institutional and government clients worldwide. With significant operations in London, Frankfurt, New York and Tokyo, a full range of investment banking expertise is available to European and international clients through Global Debt, Global Investment Banking and Global Equities business lines.

The Global Debt business line combines DrKW’s bond, derivative, debt advisory and structuring expertise with a strong balance sheet and distribution capabilities, bringing borrowers and issuers together in response to their changing capital markets needs. Global Debt delivers a fully integrated service across the entire debt spectrum including Derivatives, Foreign Exchange, Securitisation, Origination and Distribution. Our in-depth understanding of international capital flows and the clarity of our research enables DrKW to create products to match investor demand with the strategic needs of issuers, in both developed and emerging markets.

The bank is committed to providing our Russian clients with a varied and comprehensive service; this includes commercial banking with branches in Moscow and St. Petersburg, fund management services as well as the full scope of our investor banking franchise.

For further information visit www.drkw.com

Dresdner Kleinwort Wasserstein
Riverbank House, 2 Swan Lane, London EC4R 3UX
Tel: +44 20 7623 8000
Jurgen-Ponto-Platz 1, 60301 Frankfurt an Main, Germany
Tel: +49 69 263 0

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DKW

MDM Bank
Alexey Panferov,
Deputy Chairman of the Board

One of Russia's leading privately-owned commercial banks Created in 1993, MDM Bank is now one of Russia's leading privately-owned commercial banks. It operates in three core business areas: corporate banking, investment banking and retail banking.

Corporate banking MDM's corporate customers include around 50 of Russia's top 100 companies, amongst whom are market leaders in the ferrous and non-ferrous metals, oil and gas, mining, consumer goods and trade sectors. MDM has strong corporate lending, leasing and structured finance businesses. It is also a market leader in the provision of most cross-border commercial banking services such as trade finance, export credit agency finance and a forfait financing.

Investment banking In 2002, MDM has consolidated its leading positions in debt capital markets, foreign exchange and banknote trading, and increased its market shares in precious metals, fixed income and equity trading. The bank is also developing its brokerage, asset management and corporate finance businesses.

Retail banking is a strategic priority and growth area for MDM. Retail deposits grew more than eight-fold in 2001 and doubled in the first half of 2002. The Bank also operates the largest affinity card programme in Russia.

Market leader in debt capital markets During 2001 MDM Bank consolidated its position as a leading underwriter of Russian corporate bonds, acting as arranger or co-arranger for six issues with a value of US$ 141 mln. During the first half of 2002 the bank participated in a further eight issues with a total value of US$ 173 mln., making it an absolute leader in this sector.

MDM Bank is also developing its services as co-underwriter, advisor and, going forward, joint lead-manager of Russian corporate Eurobond issues. In 2000, MDM was also the first bank to issue its own rouble corporate bonds.

Highest credit ratings amongst private Russian banks MDM Bank has a long-term counterparty credit rating of 'B-' from Standard & Poor's, and a long-term rating of 'B' from Fitch.

www.mdmbank.com

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MDM Bank

Raiffeisen Bank
Michel Perhirin
, President
Pavel Gourine, Head of Investment banking

Raiffeisenbank Austria has been operating in Russia since 1996 and now disposes of 6 business locations in Moscow and a regional branch in St. Petersburg. The Bank’s operations are primarily focused on commercial, retail, and investment banking activities.Two affiliated companies have also been established – Raiffeisen-Leasing (1999) and Raiffeisen-Investment (1998).

Bank ranks among the Top 15 in terms of total assets and is one of the leading arrangers of the local debt capital market financing for the largest Russian corporations. In 2001 the bank acted as arranger/co-arranger in 28% corporate bond issues placed in Russia (measured by placement volume); the bank's share in local syndicated loans market in 2001 exceeded 38%. The bank also offers its clients unique expertise in structuring of complex capital market transactions involving both domestic and international sources of financing.

During 2001 the Bank acted as the payment agent for 14 corporate bond issuances of 6 issuers with a combined value of RUR 4.7 bln. The total value of transactions during 2001, where Raffeisenbank acted as an investment banking consultant, exceeded USD 85 mln.

A series of awards the Bank has been granted throughout its presence in Russia illustrates the escalating success Raiffeisenbank enjoys - "Best Foreign Bank in Russia" in 1999 and 2000 by the British financial magazine Euromoney, followed afterwards by "Best Bank in Russia" in 2001.

www.raiffeisen.ru

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Raiffeisen Bank

Russian Aluminium
Andrey Yashchenko
, CFA, Head of Capital Markets

Russian Aluminium (RUSAL), founded in March 2000, is the second largest primary aluminum producer in the world. It was created out of the merger between Russia’s major aluminum producers and a number of plants located in the Commonwealth of Independent States. RUSAL is vertically integrated with a complete production cycle from bauxite mining and the production of primary metal, to the fabrication of high value aluminium products. RUSAL accounts for a total of 75% of Russia’s and 10% of the global primary aluminum output. Consolidated annual sales are over $4 billion. Assets exceed US$4.1 billion and equity is over US$2 billion.

At present, RUSAL has consolidated a bauxite mine, three alumina refineries, four aluminum smelters, three rolling mills, two foil mills, a beverage can producer and other facilities. Most RUSAL plants are ISO 9000-9002 certified.

RUSAL is committed to delivering value for its shareholders, consumers and communities and continuing its global development as a vertically integrated company via:
• strengthening of the raw material base;
• modernization of its smelters;
• moving towards high-end products;
• building an international marketing presence;
tapping international capital markets

www.rusal.com

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Russian Aluminium

Trust and Investment Bank
Nikolai Fetisov,
Executive VP, Member of the Board

Trust and Investment Bank (an open joint-stock company) was formed in October 1993.

TIB offers a comprehensive range of investment banking services to leading Russian exporters and importers, major industrial companies and regional governments.

By developing across the most lucrative sectors, TIB achieved exceptional results in the classic investment banking segments:

Bond issue management. TIB is the No. 1 lead manager in Russia and the leading underwriter of debt issuances.

Corporate restructuring. TIB has exclusive mandates as the consultant to the Government of Moscow and a number of major Russian companies.

Short-term unsecured financing. TIB is the leading organizer of short-term financing for Russian companies.

Project financing. TIB executes projects for companies representing various Russian industries, including petrochemical, utilities, aerospace, telecommunications, construction, etc.

In addition, the Bank actively expands its merchant banking business by performing domestic trade financing projects.

TIB is one of Top 10 biggest banks in Russia in terms of assets and equity and is the biggest private bank in terms of revenue-generating assets.

TIB is a member of the Emerging Markets Traders Association (EMTA).

www.tibank.ru

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Trust and Investment Bank