Saint-Petersburg, 2008 Planet Capital Investment Group Presentation

Planet Capital at a Glance Planet Capital is an independent Russian investment and consulting group founded in Planet Capital provides a full range of value-adding services on corporate finances and corporate management. Planet Capital’s experience includes wide array of fund raising, M&A deals and securities issues for large Russian companies from different industries. Planet Capital Investment Group is the first and single Russian Certified Adviser of OMX Nordic Exchange, united with NASDAQ.

The Planet Capital Investment Group Planet Capital’s Licenses:  Professional securities market member. Brokerage license №  Professional securities market member. Dealing license № Planet Capital is a member of:  MICEX  SPbCEX  Stock Exchange “Saint-Petersburg” PLANET CAPITAL GROUP CENTER LTD. Appraisal Company PLANET CAPITAL JSC Investment Company CAPITAL LTD. Consulting Company Structure

Planet Capital History  1992 – “Glavstroyinvest” financial company established.  1994 – “Glavstroyinvest Securities” investment company established.  1996 – Sberbank Capital, a joint venture with the Russian Federation Sberbank, established. It is aimed at the financing of real economy projects.  2004 – The Planet Capital Investment Group with the reorganized “Glavstroyinvest Securities” as its major member, established.  2007 – The Planet Capital Investment Group held the international conference «IPO for companies of MidCap. Double placement on Russian and Sweden Exchanges».  2008 – Planet Capital Investment Group is the first and single Russian Certified Adviser of NASDAQ OMX.

Our mission and vision Our company offers consulting services and financial products for developing and growing corporate clients. We make changes successful!

Our Licenses Planet Capital, the Link Between OMX Investors and the Russian Market  Expertise with the Russian Security Markets:  Debt Securities: 8 issuances with the total value of over 7 billion roubles for the past 3 years  Stocks: Biggest transactions in the North-Western Region  Close Ties with Scandinavian Investors  Expertise in Corporate Finance and Obtaining Financing: Over $1.3 billion Attracted for Russian companies since 2000  Large Variety of Financial Tools Ranging From Direct Investments by the Banks to Complex Financing Strategies Leading to a Maximum Company Evaluation

Services offered by the Planet Capital Investment Group Corporate Finances Management Consulting Business Structuring & Consolidation Mergers & Acquisitions Support Planning and Conducting Initial Public Offerings Leveraged Buyouts Planning & Originating Financing Through Issuance & Placement of Debt Securities Planning & Originating Financing Through Private Placement Conducting & Financing Mergers & Acquisitions Due Diligence of Corporate Parties Financial Modeling and Business Plans for Mergers & Acquisitions Business Evaluation and Issuance of Fairness Opinion Implementation of International Standards into Corporate Governance Creation of Transparent Legal Structure Reorganization of Business Processes, Optimization of Organizational Structure Development of Long Term Financing Strategy for Raising Capital Help in Receiving Corporate Governance Rating

Our Services Corporate Finances Planet Capital provides a range of corporate finances services:  Fixed income securities issues:  Corporate bonds  Bill of exchange borrowings  Credit linked notes  Share issues and placement:  IPO’s  Private placements  M&A deals financing

Our Services Management consulting. Development of a financial strategy On the basis of the due diligence results we work out a road map of measures to prepare the client’s business for fund raising and to maximize the business’ value:  Consolidation of the business  Corporate governance system revision to bring it in accordance with the international standards  Development of a transparent shareholders structure  Business processes and company structure reengineering  Development of a long-term investment strategy including appropriate instruments, terms and volumes of investments.

Оценка зданий, сооружений, объектов незавершенного строительства, жилых помещений, земельных участков и т.д.Оценка зданий, сооружений, объектов незавершенного строительства, жилых помещений, земельных участков и т.д. Оценка акций, долей и паев в капитале предприятий различной организационно-правовых форм собственности и т.д.Оценка акций, долей и паев в капитале предприятий различной организационно-правовых форм собственности и т.д. Our Services M&A analysis and services Planet Capital provides foreign investors with a full range of M&A analysis and services:  Target companies’ due diligence:  Determination of appropriate integration approach (mergers, acquisitions, joint ventures, leveraged buy- outs, tender offers, corporate recapitalizations, reorganizations and restructurings, new business ventures) in Russia;  Investment analysis;  Contriving of financing strategies;  Establishing and maintenance of strategic dialogues with existing and potential investors or target companies;  Preparation of financial statements illustrating the effects of various structuring alternatives;

Our Services Due Diligence:  Financial and economic due diligence  Legal due diligence  Market environment and competition surveys Financial modeling and appraisal services: Financial modeling includes forecasting of:  Revenues;  Expenditures;  Investments;  Financial outcomes;  and cash flow forecasts for business valuation.

Our Services Company offers full spectrum of professional appraisal services. Company is the member of non-commercial partnership “Russian board of appraisers”. Experience and qualification our experts permit to work for the following directions: Valuation building, construction, plots, unfinished building; construction Valuation cars, equipments, transport facilities Valuation of stocks Valuation of immovable property Valuation of movable property Valuation of business Appraisal activity

Placements of recent years 2004 Eliseev Palace Hotel – dollars ( roubles) Adamant-Finance dollars ( roubles). Mirax group dollars ( roubles). Vagonomash dollars ( roubles) Vagonomash dollars ( roubles). M-Industry dollars ( roubles) Iskrasoft dollars ( roubles). Setl Group dollars ( roubles) Normann dollars ( roubles). Corporation RОS dollars ( roubles). Trest-Finance dollars ( roubles).

Our clients

Contacts Planet Capital Investment Group Suites 44-45, Golitsin Business Center, 6-8, 13 th line of Vasilievskii island, Saint-Petersburg, , Russia Phone: +7 (812) Fax: +7 (812)