Day one – Global financial centres

Date: 8 April 2008

Venue: MICEX Stock Exchange, Bolshoy Kislovskiy Pereulok 13, Moscow

Registration and coffee

Opening address

Alexander Potemkin, Chairman of the Board of Directors, MICEX Stock Exchange

Opening address

Chris Gibson-Smith, Chairman, London Stock Exchange

Session 1. Russia – view from the top

Moderator: Alexei Rybnikov, CEO, MICEX Stock Exchange

The following will be speaking at this session:

Arkadiy Dvorkovich, Head of the Expert Directorate of the Presidential Administration

Vladimir Milovidov, Chairman, Federal Service for Financial Markets

Alexei Ulyukaev, 1^st Deputy Chairman, Central Bank of Russia

Anna Popova, Stats-secretary — Deputy Minister of Economic Development and Trade of the Russian Federation

Alexei Savatyugin, Director of the Financial Policy Department, Ministry of Finance of the Russian Federation

Igor Yurgens, Chairman of the Board, ICD, Vice-President, RSPP

Coffee break

Session 2. Russia in today's world

Presenting GFCI — Global Financial Centres Index

Mark Yeandle, Senior Consultant, Z/Yen Group Limited

Sergei Markov, Deputy of State Duma, Director of Political Researches Institute

Russia: a country of high investment potential

Eugene Kogan, President, AntantaPioglobal Investment Group

Alexei Timofeev, Chairman, NAUFOR

Alexander Oslon, President, Public Opinion Fund ("FOM")

Lunch

Session 3. Global Financial Centres

Moderator: Sergey Pakhomov, Chairman, State Debt Committee of the City of Moscow

Moscow's development plans

Sergey Pakhomov, Chairman, State Debt Committee of the City of Moscow

Growth of the Moscow real estate market

Olga Arkhangelskaya, Head of Real Estate Advisory Services Department, Russia and CIS, Ernst & Young

Case Studies in Infrastructure investment

Oxana Selska, Senior Banker, Municipal and Environmental Infrastructure, Head of Origination Russia, EBRD Municipal Infrastructure

Financing Options for Infrastructure investment

Evgeny Trusov, Partner, Head of Corporate Finance, Transaction Advisory Services, Ernst & Young

Coffee break

Session 4. Russian and UK recent capital markets developments

Moderator: Antonella Amadei, Head of International Relations, Strategy Division — London Stock Exchange Group

World credit crunch — global causes, effects for Russia

Roland Nash, Head of Research, Renaissance Capital

Specialist Fund Market

Sebastian Rice, Partner, Akin Gump

Widening pools of investors

Wilfried Schmidt, Vice Chairman of the Board of Directors, Daiwa Securities SMBC

Insurance market developments

Valery Petrov, Chief executive officer, Ingosstrakh-Investments Asset management

The rise of Russian institutional investment

Jack Barbanel, CEO, Moorgate Capital, A Trust banking Group Company

MICEX Stock Exchange Gala Reception, House of Pashkov, Makhovaya street, 26

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Day two – Capital markets

Date: 9 April 2008

Venue: Ritz-Carlton, Tverskaya Street 3, Moscow

Registration and coffee

Session 1. IPO — now or later?

Moderator: Jon Edwards, London Stock Exchange

IPO considerations — 2007 vs 2008

Reinout Koopmans, Managing Director, Co-Head of CEEMEA, ECM, Deutsche Bank

Investor Communications — Best Practices

Tony Friend, Managing partner, College Hill

IPO process — Russian and UK regulatory regimes explained

Mark Banovich, Partner, Lathams & Watkins

Q & A

Coffee break

Session 2. Debt and structured products

Moderator: Antonella Amadei, Head of International Relations, Strategy Division — London Stock Exchange Group

Debt Products Overview

Mikhail Avtukhov, Vice-President, Sviaz-bank

Exchange Traded Funds

Aleksandra Kosmulska, Insitutional Marketing Officer, Lyxor

ETFs — London Stock Exchange Group

Pietro Poletto, Head of ETF Products, London Stock Exchange Group

Convertible Debt

Stephan Eckhardt, Director, Equity-Linked Origination / Equity Capital Markets, UniCredit Group

Russian infrastructural project financing through securitization techniques

Denis Gaevski, First deputy Head of Investment Banking, Managing Director, Bank of Moscow

Lunch

Session 3. Russian derivatives market

Moderator: Lee Betsil, Managing Director, EDX

Derivatives Market on the MICEX Stock Exchange — Today and Tomorrow

Igor Marich, Vice-President, MICEX

RIOB derivatives products — a year in reviewt

Lee Betsil, Managing Director, EDX

Using Russian equity derivatives

Andrey Babenko, Senior Managing Director, OTKRITIE Financial Corporation

Coffee break

Session 4. Infrastructure debate — how soon will we see new financial products?

Moderator: Leonid Savvinov, Director of Listing and Issuer Services, MICEX Stock Exchange

Clearing & settlement

Koen Vanderheyden, Partner, DLA Piper

CSD — Weighing the Options

Tim Reucroft, Director, Research, Thomas Murray Ltd

RDRs

Irina Vakhraneva, Regional Director, BONY

Exchange Bond — a new instrument on the Russian Securities Market

Leonid Savvinov, Director of Listing and Issuer Services, MICEX Stock Exchange