09 июля 2002 года

Sachs Associates & Bloomberg
Third Annual European Conference
INVESTING IN RUSSIA & CIS

Leading annual conference for London based analysts, bankers and fund managers with:

• Political and Economic overview of Russia and the Ukraine
• Up to date analysis of debt and equity markets
• Ratings
• Key Corporate Presentations (CEO/CFO) from resource, financial and consumer sectors
• IPOs Panel

Conference Sponsors:

• Alfa Bank
• MFK Investment Bank - Kiev
• Teton Petroleum Company
• United Financial Group
• YUKOS

Keynote Presentations From:

• Simon Vine, Head of Fixed Income, Alfa Bank

• David Hexter, Deputy Vice President, Business Group Director, EBRD

• Bill Browder, Managing Director, Hermitage Capital Management, Moscow

• Konrad Reuss, Managing Director - Sovereigns Ratings, Standard and Poors

• Sergey Generalov, Chairman, The State Duma Supervision over the Investors Rights

• Stephen O'Sullivan, Head of Research, United Financial Group

• Christof Ruehl, Chief Economist, Russia Country Office, World Bank

Corporate Presentations Include:

• Ilim Pulp Enterprise
• Lukoil
• RAO UES
• Sibneft
• Teton Petroleum Company
• Uktelekom
• Wimm-Bill-Dann
• YUKOS

The cocktail reception, which follows the conference, is hosted by Alfa Securities.

Registration details are available on our website http://www.sachsforum.com and we will also send out a pdf file of the programme as soon as it becomes available.

We look forward to seeing many of you in London in July.

Should you have any questions, do not hesitate to contact us.

Best regards,

Sachs Associates

Moscow office

Phone: (095) 234 9911

Fax: (095) 737 3698

e-mail:sachs@prime-tass.ru

London Office

Phone: 44 207 405 5544

Fax: 44 207 405 4411

e-mail:pernilla@sachsforum.com