Ukrainian Capital Markets Summit

One aspect of his work is facilitating communication between the City investment community and the CIS countries. Mr. Edwards is a frequent traveller to Russia, Kazakhstan and Ukraine and has also organized conferences in London to promote CIS companies to the investor community in the UK.

Mr. Edwards studied at Columbia University where he received his BA degree in Russian studies and joint JD/MBA degree in business and law. He joined the London Stock Exchange in August 2003, before which he worked on private equity transactions for Incepta Ventures UK Limited, Delta Capital and BNP-Invest. Mr. Edwards has more than ten years of experience working with CIS companies in the natural resources, consumer products, real estate and TMT sectors.

He began his investment banking career in the research department of UralSib in Moscow in February 2002 and has worked in CIS countries for almost eight years. He holds a BA in Russian Studies from the University of Colorado.

Previously, Dan led the initiative to integrate governance analytics into Standard & Poor's credit ratings. Dan was based in London with Standard & Poor's until 2005, when he relocated to the firm's head office in New York Prior to joining Standard and Poor's in 2001, Dan spent over five years as a senior analyst at a leading corporate governance consultancy in Washington, D.C., providing corporate governance advice to pension and mutual funds investing in international equities.

Dan holds a B.A. in Russian and East European Studies from Yale University.

Prior to joining UBS, Andre worked for 4 years at Sistema, one of Russia’s largest conglomerates, first as Head of Investor Relations and subsequently as Head of Capital Markets. During his time at Sistema Andre was responsible for executing the company’s US$1.56 billion IPO on the LSE — the then largest-ever out of Russia—as well the US$1.06 billion IPO of Comstar United TeleSystems, a Sistema subsidiary and leading provider of alternative fixed-line telecommunications services in Russia. Before arriving at Sistema, Andre served as Deputy Head of Investor Relations at Wimm-Bill-Dann where he helped complete its US$207 million NYSE IPO in 2002. Andre has a Master’s in Cross-Cultural Communications from Moscow State University

In London and Hong Kong from 1994 to 1999 he was responsible for equity and equity-linked transactions in both the emerging markets and in developed Europe.

He was based in New York from 2000 to 2002 with particular responsibility for the US distribution of international transactions and the international distribution of US transactions.

Since 2002, Mark has led the Equity Capital Markets team for Emerging Europe and CIS and has worked on numerous transactions across the region. Most recently he led the ECM team in the IPOs of KDD Group (GBP75m), Kazakhstan Kagazy (US$274m), Pegas (EUR109m), Bank of Georgia (US$160m), Shalkiya Zinc (US$105m), A&D Pharma (EUR136m), KazakhGold (US$197m), XXI Century (US$139m), Open Investments (US$69m), GTC (US$127m), Kernel (US$220m) and Zhaikmunai (US$100m).

Other transaction experience includes US$4.3bn TraHK fund (the largest ever privatisation from Asia excluding Japan), the US$750m NYSE listed ADR issue for KEPCO of Korea, and accelerated book buildings for ING Group’s disposal of its stakes in Aegon (US$1.6bn) and ABN AMRO (US$3bn).

Mark currently leads the London practice in cross-border exchange listings serving major clients in the financial markets sector, industrial products, energy and mining sectors, retail and consumer products, technology and communications, and other industries.

Mark's previous roles at Ernst and Young include Managing Partner for the Far East Area Transaction team, Managing Partner for Transactions and Client Service and Accounts in E&Y's Russia and CIS practice

Mark has been active in the Russian market for over 13 years working in London in banking mainly at the Russian desk of Robert Fleming & Co in London and subsequently as Managing Director for Robert Flemings'. His career has included managing Venture Capital funds; leading cross border M&A activities for Global Corporates and investing in Emerging Markets.

In addition to coordinating the London listing preparation project and other key steps in the process, she dealt with the IPO readiness assessment, corporate governance, risk management and internal control system development and implementation. She also supervised real estate restructuring project of the Group leading the team responsible for the financial, internal controls and corporate governance work areas.

Previously she served as CFO of a large international corporation's Ukrainian subsidiary working on a joint venture with the Port of Odessa. She has also worked in Ukraine, Germany and the United States as a senior finance manager and team project leader for market leading businesses operating in the metallurgy, manufacturing, food and beverages, media, agricultural machinery and pharmaceuticals sectors.

Oleksandra is Vice-President of the Association of Independent Directors of Ukraine.

From 1986-1997 Fabien was partner in charge of all institutional activities ($17bn under management) at Pictet & Cie, including the supervision of the Smaller Companies and Emerging Markets team in London (over $3bn under management). Prior to joining Pictet & Cie, Fabien spent two years at Merrill Lynch in Institutional Sales.

Fabien holds a Masters in Finance from the American Graduate School of International Management and a BA in Economics from the University of San Francisco, California.

— Has assisted a broad range of Western and Eastern European issuers raise funds and expand their investor bases internationally
— At Numis, James is principally focused on raising capital for emerging market issuers
— Studied languages and finance at University College London and London Business School
— Speaks French and basic Russian

He worked in Eastern Europe for several years in corporate finance and international trade. He has a significant and longstanding relationship with a Russian steel giant group and is expanding the firm’s exposure to the Russian and former CIS markets in all spheres. Alex is on the CIS panel of International Financial Services, London and is a member of the Worshipful Company of Fuellers, a City of London members company devoted to the commercial sector of oil, gas, coal and other fuels.

Julian spent seven years from 1983-1990 at Kidder Peabody International Ltd where he was Executive Director of the New Issue Department and subsequently Managing Director of Capital Markets, in charge of all underwriting, capital markets and swap activities and exposure of the firm in Europe. Prior to that he worked at Kidder Peabody (Suisse) SA from 1976 to 1983 as Vice President, Sales and trading of fixed income and equity instruments.

Julian received a BA from the University of Geneva, Switzerland in 1974.

ECM experience: US$187m fully marketed secondary offering of RBC, a Russian media company, on RTS/MICEX (2007), US$105m IPO of ShalkiyaZinc, a Kazakh mining company, US$160m IPO of Bank of Georgia on LSE, US$30m IPO of Astarta, a Ukrainian agri-industrial holding, on WSE, US$105m fully marketed secondary offering of Kardan Group, a CEE investment company, on Euronext (2006), US$197m IPO of KazakhGold Group, a Kazakh gold mining company, on LSE (2005), US$200m IPO of Wimm-Bill-Dann on NYSE (2002), US$15m local IPO of a Russian pharmaceutical chain «36.6» (2002)

M&A/Advisory track record: valuation of Kardan Financial Services for Discount Bank of Israel, US$80m acquisition of Oxus' assets by Kazakhgold (2007), fairness opinion on Ukrsibbank, a Ukrainian bank (2006), EUR1.5bn strategic sale of the oil & gas monopoly Petrom to Austrian OMV by the Romanian government (2005), advisory to Mittal Steel on acquisition in a CEE country (2004), EUR120m acquisition of a minority stake in Turkish Vestel White Goods by Vestel Electronics, US$194m acquisition of a Ukrainian mobile operator UMC by Russian MTS (2003), private equity placement of a Russian cable operator (2002), advisory to Electricite de France on acquisition of Ukrainian electricity distribution companies in the course of privatisation, advisory to the Ukrainian government on restructuring of the Ukrainian Savings Bank (2001)

DCM transactions: US$350m Eurobond issue by a Russian conglomerate Sistema (2003), US$2.2bn restructuring of Ukraine's sovereign debt (2000) US$291m Eurobond tap for the Government of Ukraine (1999)

Julia has MSc in Engineering and a CFA Charter. Julia is a Ukrainian national, speaks Russian and English.

She works closely with local exchanges on joint projects aimed at facilitating the understanding of capital markets within the local business community. Another aspect of her role is bringing together the global financial community in London and that of Russia & CIS.

Prior to joining the Exchange, Zarina worked as a solicitor for the leading City law firms. She received her LLB degree from King’s College London in 2002. She is fluent in Russian and Polish.

At The Bank of New York Mellon, Graham leads a team responsible for the bank's depositary receipt product throughout the CIS, including Ukraine, where the bank is fortunate to have built up a prestigious client base in recent years. Prior to The Bank of New York Mellon, Graham worked at VTB Bank including on its IPO last year which was the second largest DR offering of all time.

Graham has a degree in Russian from the University of St. Andrews in Scotland.

Before joining S&P, Mrs. Borodina occupied a number of senior executive positions in the area of investor relations and financial communications with TNK-BP and Sibneft oil companies. Prior to that she was an equity analyst at ING Barings. Mrs. Borodina graduated from the Moscow University of Economics & Statistics, she holds a postgraduate degree in Banking and Finance from the London School of Economics.

Sergei has worked on a number of transactions involving equity and debt investments, fundraisings, corporate acquisitions and disposals. He specialises in contractual, corporate and finance law, and UK capital markets (working closely with the London Stock Exchange).

Born in Moscow, Sergei has advised on a number of cross-border projects involving the UK, Canada, the USA and the Middle East (in addition to Russia and the CIS). He is the author of a number of publications and frequently speaks at conferences on English law for the Russian and CIS professional audience.

College of Law, London

Fletcher School of Law and Diplomacy (MA), Tufts University, Massachusetts

Co-head of the Russia and CIS group since 2004

He has deep and practical experience of main board listings of overseas companies on the London market, ranging from Billiton in 1997 to ENRC in late 2007. He has also worked on a range of substantial GDR offerings, including Rosneft and KazMunaiGas Exploration & Production in 2006 and LSR in 2007.

Peter started his career at KPMG where he gained experience in audit and transactions services. Post qualification, he was seconded to the London Stock Exchange regulatory team for two years before joining the capital markets team at Robert Fleming which later became part of JP Morgan Cazenove. He joined Rothschild in 2000 and was Joint Head of Execution for the ABN AMRO Rothschild joint venture, where he managed and was responsible for the execution of various high profile ECM transactions. He is now applying this wide range of experience to equity advisory services with a focus upon preparing companies for IPOs.

Between 2003 and 2007 his business generated over 70% revenue growth on a flat cost base and accounted for 75% of the Exchange's profits, as well as helping the London market to achieve a dominant position in the international IPO market. AIM was also transformed into the world's leading market for high growth companies with an unprecedented global profile. During 2007 Martin led negotiations with the Tokyo Stock Exchange to form a joint venture to create a new equity growth market in Japan.

In January 2008, following the merger with Borsa Italiana, Martin was appointed head of the combined Groups' equity business. Martin has direct responsibility for all the Group's equity client relationships, market operations and regulation, product management and development, equity markets strategy, AIM and RNS, the Exchange's regulatory news service.

Prior to joining the Exchange, Martin developed extensive industry experience in senior management positions at Dresdner Kleinwort Benson and West LB Panmure. Martin graduated from the London School of Economics.

2008 — London Stock Exchange Group, Director of Equity Markets
2003 — 2007 — London Stock Exchange, Director of Markets
2001 — 2003 — WestLB Panmure, Managing Director, Global Head of Equity Sales
1990 — 2001 — Dresdner Kleinwort Benson
1999 — 2000 — Global Head of Equity Sales
1998 — 1999 — Head of Pan European Product
1997 — 1998 — Head of UK Product
1995 — 1997 — Head of Pan European Equity Sales London

Board Appointments
Borsa Italiana (2007)
UK India Business Council (2004)
Sandown Park Racecourse (2007)
EDX London (2006 — 2007)
FTSE International (2004 — 2007)

Katherine joined Lovells as a partner in 2005, before which she was seconded from another City firm to the equity capital markets group of Merrill Lynch.

Alexander has extensive experience in conducting audits according to international and local auditing standards for major Ukrainian enterprises and banks. He has participated in assurance projects in other CIS countries and has additional experience in assisting clients in the implementation of GAAP-based financial accounting systems, compilation of IFRS and US GAAP financial statements.

Alexander is a Certified Auditor in Ukraine, Certified Public Accountant in the US, member of the Union of Professional Accountants and Auditors of Ukraine, and member of the Auditors’ Union of Ukraine.

Vladimir provides tax and legal advisory services, including tax and legal due diligence, international legal and taxation structuring and planning, mergers and acquisitions, corporate restructuring, etc.

Vladimir is a Chairman of the Tax Committee of the European Business Association and member of the Tax Committee of the American Chamber of Commerce in Ukraine. He is the author of numerous articles and publications on legal and tax matters.

As well as acting for issuers, originators and underwriters on securities offerings, he also has experience representing other participants in the capital markets such as trustees and various stakeholders in bond restructurings.

In the Chambers UK 2008 Directory, Andrew “earns plaudits for his speed of execution.” In the 2007 edition, he is described as “a highly responsive and commercial adviser, who delivers terrific hands-on advice.”

Greg has a wealth of experience in bringing overseas companies to the London Stock Exchange. His expertise covers a broad array of industry sectors including real estate, oil and gas, mining and metals and telecoms.

Examples of recent equity capital markets representations

• Representing an oil and gas company in India on its proposed IPO on the London Stock Exchange;
• Representing a pharmaceutical company on its IPO on the London Stock Exchange;
• Represented Phytopharm PLC, a company listed on the London Stock Exchange, on a secondary placing of shares;
• Represented AFI Development PLC, on its US$1.4 billion IPO on the London Stock Exchange which at the time was the fifth largest real estate/IPO globally;
• Represented JPMorgan Securities Ltd., Lehman Brothers International (Europe) and Merrill Lynch International on the US$1.54 billion initial public offering of Oil Refineries Ltd. (ORL), an Israeli corporation wholly owned by the State of Israel;
• Represented Credit Suisse Securities (Europe) Limited and Merrill Lynch International on a US$280 million offering of ordinary shares of MirLand Development Corporation Plc which listed on AIM;
• Represented Talvivaara Mining Company Ltd., a Finnish company, in connection with its US$378 million IPO on the London Stock Exchange;
• Represented a consumer products company, in connection with its proposed IPO on the London Stock Exchange;
• Represented Morgan Stanley in connection with a US$144 million follow on placing of shares in RGI International Limited on AIM;
• Represented RGI International Limited on the US$180 million offering of its ordinary shares to trading on AIM;
• Represented an Israeli telecom company, on its proposed AIM IPO;
• Represented an underwriting syndicate led by UBS Limited on a US$302.4 million offering of shares of Plaza Centers N.V.which listed on the London Stock Exchange;
• Represented Indago Petroleum Holdings in connection with its IPO on AIM;
• Represented Frutarom Industries Ltd., an Israel based global producer of food and beverage flavours and ingredients, in its US$91.5 million IPO of shares and GDRs on the London Stock Exchange;
• Represented a diamond exploration company on its proposed admission to AIM;
• Represented a skin care company on its proposed admission to trading on the London Stock Exchange plc;
• Represented a substantial shareholder on the disposal of 50% stake in Aroma Broadcasting Limited to Milestone Plc, with the latter being listed on AIM;
• Represented Yuzhmash Plc on its offering structure in relation to the issue of bonds listed on the Luxembourg Stock Exchange;
• Represented Investec PLC in relation to its international restructuring, migration, listing and dual-listed company structure;
• Represented lastminute.com in relation to its listing on the London Stock Exchange;
• Represented Coca-Cola Beverages on its demerger from Coca-Cola Amatil and listing in London; and
• Represented Billiton in relation to its international restructuring upon its migration from South Africa and listing on the London Stock Exchange.

Bars and Courts
— Admitted as a Solicitor in England and Wales, 1997
— Member of The Law Society of England and Wales

Education
— M.A., Jurisprudence, St Anne's College, Oxford University, 1990—1993
— L.P.C., The College of Law, London, 1993—1994

Languages
English, Afrikaans

Citizenship
British

Carter's experience includes representation of issuers and underwriters on a range of debt and equity capital markets transactions, including standalone eurobonds, medium term note programmes, high yield notes, sovereign and sub-sovereign bonds, convertible and exchangeable bonds, regulatory capital instruments, equity IPOs, GDRs, Rule 144A offerings and traditional private placements. Most of these transactions have involved listings on one or more stock exchanges, including the London, Luxembourg, Irish, Swiss, Frankfurt and New York Stock Exchanges.

Carter is ranked as a leading individual in the capital markets field in Chambers UK (2008). He is also cited as a leading capital markets lawyer in Legal 500 UK (2007) and IFLR 1000 (2008).

Bars and Courts
— District of Columbia Bar, admitted 2002
— Law Society of England and Wales, admitted 1998
— State Bar of Georgia, admitted 1993

Education
— J.D., University of Pennsylvania Law School, 1993
— B.A., University of Virginia, 1990

Languages
— English

Citizenship
— United States

Before founding Aurora Finance in 2004, Mr. Kokorev served as Director of Investment Banking Coverage at Trust Investment Bank in Moscow. From 1998 until 2001, Mr. Kokorev worked as an investment banking associate at Goldman Sachs in New York, and later as an Investment Manager with Goldman Sachs in Zurich. Mr. Kokorev holds an MS in Applied Mathematics from Novosibirsk State University and earned his MBA from The Wharton School of Business at the University of Pennsylvania.

Prior to joining Akin Gump, Mr. Rice spent four years at Simmons & Simmons, where he acted on a large number of substantial corporate deals. During his time at Simmons, he was seconded to its corporate practice in Milan, where he acted on high-value Italian law mergers and acquisitions. Mr. Rice also worked at 3i Group plc, the private equity and venture capital house, as a legal advisor to the European investment teams.

Mr. Rice received his B.A. in Russian from Exeter University in 1993 and attended the College of Law in London. He was admitted as a solicitor in England and Wales in 1998.

Mr. Rice speaks fluent Russian and Italian.

Francis has a wide-range of experience advising on debt, equity-linked and equity transactions in the region, particularly in Ukraine, Poland, Russia, Romania, the Czech Republic and Kazakhstan. His experience in Ukraineincludes advising the Ministry of Finance of Ukraine on its international capital market borrowings over the past four years with aggregate borrowings of more than USD4billion and he has represented Lead Managers on a variety of Ukrainian bank and corporate securities offerings and is currently advising a Ukrainian corporate on its potential IPO.

Prior to joining Bank of Georgia, Mr. Enukidze served as Managing Director of Corporate Finance at Concorde Capital, a leading Ukrainian investment banking firm. Prior to joining Concorde Capital, Mr. Enukidze served as Assistant Director at ABN AMRO Corporate in London for four years. Prior to joining ABN AMRO Corporate Finance in London in 2001, Mr. Enukidze worked at Global One Communications LLC based in Reston, Virginia. Prior to that, Mr. Enukidze spent three years at ABN AMRO Corporate Finance in Moscow.

Mr. Enukidze was born and raised in Georgia. He received his undergraduate degree in Physics from Tbilisi State University and received his MBA from the University of Maryland.

During this time he was involved in many M&A and Equities transactions, primarily in the Mining sector, including the IPO of Ferrexpo plc in June 2007. Mr. Mackay is a qualified Attorney of the High Court of South Africa, and worked as a lawyer specialising in commercial and tax law in Johannesburg and London before he joined JPMorgan in 2003.

Mr. Mackay holds a Bachelor's Degree in Economics and English Literature from the University of Cape Town, and an LLB and Masters Degree in Tax Law from the University of the Witwatersrand, South Africa.

Mr. Prasolov obtained a diploma of a top-manager of economics and market development in the State University of Management in Moscow in 1999. In 2006 he was certified as a brand-technologist as to the method “4D Branding” by Thomas Gad in person in Medinge, Sweden. He is an author of the educational course for brand-managers in the International Institute of Advertising in Moscow and the program of corporate teaching of marketing technologies in Stockholm School of economics.

In 2005, Mr Spinks co-founded Landkom International (then called Landkom Ukraine), a company set up to become a major producer of highly demanded agricultural feedstocks including rapeseed for the biodiesel industry, wheat for food industries and with an option of planting barley for brewing and food industries. Mr Spinks has been responsible for establishing strong relationships with the heads of regional Ukrainian governments, which has been the key to the Company being allowed to lease land from individuals and government agencies in order to build a substantial land bank.

Prior to founding Landkom International, Mr Spinks worked on a number of significant contracts with government agencies in Ukraine and Poland on behalf of high level US individuals and companies.

Between 2001 and 2004, Mr Spinks was eastern European Operations Director at British Seafood Group, a company that has a turnover of more than £600 m. Mr Spinks was responsible for relationship building, sourcing, negotiating and contracting for high volume deliveries of frozen fish food products from factories in Poland, the Baltic States, Russia and Ukraine.

Between 1994—2004, Mr Spinks held a number of positions in the new media industry, including founding and spearheading the growth of Vavo.com, a start up community web portal aimed at the over 45 age group, including a significant e-commerce component (1999—2001), and as Director of Business Development at Lycos Bertelsmann GmbH, supporting the CEO and CO in the acquisition of e-commerce business, strategic alliances and high volume/high value advertising and consumer acquisition contracts (1997 — 1999).

From 1989 to 1994, Mr Spinks was active in a number of roles, developing niche publication titles and projects in developing countries in the Middle East, Africa and Eastern Europe. During this period, Mr Spinks also provided consultancy services to a number of major publishing houses, providing advice on the recovery of published titles that had declining sales and motivating/re-training sales teams.