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London Stock Exchange for companies from Cheliabinsk region

London Stock Exchange for companies from Cheliabinsk region. AGENDA. Why London? Reasons for listing Managed assets Main Market or AIM? Main Market International listings comparison Seasonality DR trading on the IOB Top 10 companies traded on the IOB AIM Capital raised

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London Stock Exchange for companies from Cheliabinsk region

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  1. London Stock Exchange for companies from Cheliabinsk region

  2. AGENDA • Why London? • Reasons for listing • Managed assets • Main Market or AIM? • Main Market • International listings comparison • Seasonality • DR trading on the IOB • Top 10 companies traded on the IOB • AIM • Capital raised • AIM growth • Total AIM IPOs • Access to capital • Cost structure • How to find us? • Russian website • Contact details

  3. Liquidity Increasing and maintaining liquidity Main reasons for listing on the LSE Capital Raising it efficiently & effectively when required Profile Maximising marketing/PR opportunities Growth Independent Market Expertise Recommendations on how to maximise the value of joining a London market The LSE supports customers in maximising shareholder value through supporting capital raising and generating liquidity whilst maximising opportunities from their increased profile

  4. Equity ($, billion) 14000 12000 $7,584 $3,081 10000 8000 6000 4000 2000 0 London New York Boston San Los Chicago Paris Frankfurt Munich Francisco Angeles Volume of Assets Managedin Financial Centres Fund management activities in the UK are concentrated in a single location – London. Source: Big Dough, Hemscott (September 2005)

  5. Main Market • Pre-vetting of Prospectus by the UKLA • Compliance required with the rules of the UKLA • Normally a three-year trading record required • Minimum of 25% of GDRs/shares in public hands • Prior shareholders approval for certain transactions • Sponsors needed for certain transactions Main Market or AIM? • Regulation by the LSE • No trading record required • No minimum amount of shares to be in public hands • In most cases, no prior shareholder approval required for transactions • Normally, admission documents not pre-vetted by Exchange or UKLA but by nominated adviser (Nomad) • Nomad required at all times

  6. AGENDA • Why London? • Reasons for listing • Managed assets • Main Market or AIM? • Main Market • International listings comparison • Seasonality • DR trading on the IOB • Top 10 companies traded on the IOB • AIM • Capital raised • AIM growth • Total AIM IPOs • Access to capital • Cost structure • How to find us? • Russian website • Contact details

  7. International Listings The Exchange’s Main Market continues to be an attractive venue for the international listings. Source: London Stock Exchange, August 2006

  8. International IPOsseasonality Money Raised in International IPOs on Main Market in 2006 YTD ($mn) Russian Company Other International Company 6,794 3,010 1,070 1,062 972 683 639 578 474 372 336 244 153 125 98 66 18 TMK Rolta Lotte Rosneft Severstal Carador Comstar Aer Lingus Goldenport Cherkizovo Chelyabinsk Colt Telecom A&D Pharma Sistema Hals Kazmunaigas Napo Kingdom Hotels Pharmaceuticals Feb-06 Mar- Apr-06 May- Jul-06 Oct-06 Nov-06 06 06 In 2006, 17 international companies have raised over $16 billion on the Exchange’s Main Market. Source: London Stock Exchange, November 2006

  9. DR trading on IOB Trading of DRs on International Order Book (2001 - 7 MNTHS 2006) Turnover $ Trades 200 600 180 500 160 140 400 120 Trades '000 $ billion 100 300 80 Trade value 200 60 40 100 20 - 0 2001 2002 2003 2004 2005 7 MNTHS 2006 In 2005, IOB total trading turnover was $131bn and in the first 7 months of 2006 that number increased to $172bn. Source: London Stock Exchange - July 2006

  10. 70,000 180 Top 10 companies traded on IOB 160 60,000 Total Trade Value 140 Total Trades 50,000 120 40,000 100 Trade Value ($ mn) Trades (thousands) 80 30,000 60 20,000 40 10,000 20 0 0 Lukoil Gazprom Orascom Samsung Rosneft Novatek OTP BANK Lotte Evraz Magyar Jan-Oct 2006 CIS IOB trade value reached 73% of all IOB trade this October, a new record high. Source: London Stock Exchange trade statistics

  11. AGENDA • Why London? • Reasons for listing • Managed assets • Main Market or AIM? • Main Market • International listings comparison • Seasonality • DR trading on the IOB • Top 10 companies traded on the IOB • AIM • Capital raised • AIM growth • Total AIM IPOs • Access to capital • Cost structure • How to find us? • Russian website • Contact details

  12. 2006 – A Record Year for Capital Raised on AIM* The success of AIM continues to grow and so does its investor base. Source: London Stock Exchange, November 2006, *Includes further capital raises

  13. AIM growth - 2006 11 Months 14 Months 13 Months AIM supports growing companies

  14. Total AIM IPOs - 2006 2006 has been a successful year for AIM with over $12bn raised at IPO this year alone. Source: London Stock Exchange, November 2006

  15. Access to further capital AIM listing gives companies access to raise further capital after IPO. Source: London Stock Exchange, August 2006

  16. Legal reports and negotiations Law Firm Law Firm ( NOMAD’s ) (Corporate) £150K - £300K, Of which NOMAD’s £150K - £200K Prospectus Lawyers get 25% - 40% plus Short - form 1% of the firm Preparation report NOMAD Reporting Company Accountants Underwriting & £100K - £150K Technology analytical coverage Experts Broker 3 - 5% of £25K - £50K £10K the deal, plus 1% of the firm Listing and trading Services Public Relations and Investor Relations Stock Exchange: AIM Independent PR firms Researchers LHC CREST Co Registrar Cost structure for AIM listing The total cost of raising £50mn ranges between £2.5 - £5mn (5%-10% cost range) excluding value of options. Source: Oxford Said Business School MBA Project, August 2006 as amended by London Stock Exchange

  17. AGENDA • Why London? • Reasons for listing • Managed assets • Main Market or AIM? • Main Market • International listings comparison • Seasonality • DR trading on the IOB • Top 10 companies traded on the IOB • 30/70 Rule - Rosneft • AIM • Capital raised • AIM growth • Total AIM IPOs • Access to capital • Cost structure • How to find us? • Russian website • Contact details

  18. www.londonstockexchange.com/ru Russian website

  19. Contact Details Jon Edwards Senior Manager, CIS +44 (0) 20 7797 1599 jedwards@londonstockexchange.com Zarina Korolova Manager, CIS +44 (0) 20 7797 4472 zkorolova@londonstockexchange.com WWW.LONDONSTOCKEXCHANGE.COM/RU

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