Selected Capital Market transactions

Kazakhstan 2008 Adviser on current IPO of Kazakhstan Stock Exchange	Kazakhstan 2008 Sole advisor on sale of 49.99% stake in JSC Khabar Agency KZT 12.1bn	Kazakhstan 2006 Lead manager if the Initial Public Offering USD 2.3 B	Kazakhstan 2006 Placement agent for a private placement bond USD 800m
Kazakhstan 2004 Advisor on the local issue of common shares USD 43m	Kazakhstan 2004 Underwriter of ADRs/GDRs USD 20m

Selected M&A transactions

Kazakhstan 2008 Exclusive financial adviser on acquisition of 50.1% stake in Bank CenterCredit	Kazakhstan 2007 Advisor on acquisition of interest in Kyrgyz mining company	Kazakhstan 2007 Sole advisor on acquisition of 100 % of the assets of a Kyrgyz cement plant	Kazakhstan 2007 Sole advisor on acquisition of 100% stake in Cambodian cellular provider
Kazakhstan 2007 Sole advisor on acquisition of 100% stake in Cambodian bank	Kazakhstan 2007 Sole advisor on acquisition of 100% stake in Uzbekistan bank	Kazakhstan 2007 Valuation advisor on sale of 50 % stake in KazGerMunai USD 970 million	Kazakhstan 2006 Sole advisor on acquisition of 100% stake in Kazakh retail business
Kyrgyzstan 2006 Sole advisor on the acquisition of 100% stake in a Kyrgyz retail business	Kazakhstan 2006 Advisor on acquisition of 50 % stake in KazGerMunai USD 1.0 billion	Kazakhstan 2006 Exclusive advisor on the acquisition of 100% of the assets of a Kazakh cement plant	Russia 2006 Sole advisor on acquisition of 100 % stake in Russian cement plant
Nepal 2005 Manager of the acquisition of a 40% stake in a Nepalese cellular provider	Kyrgyzstan 2005 Sole advisor on acquisition of 89% stake in Kyrgyz cement plant	Kazakhstan 2003 Sole advisor on acquisition of 95% stake in largest Central Asian pharmaceuticals producer