Listing in London

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Listing in London April 2006
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Agenda

• The London markets and Russia Overview
• Observations on marketing the IPO to the CIS
  Market
• Main Market
• AIM

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Trading in foreign companies
Source WFE
The LSE is one the worlds most internationally
focussed financial centre
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24 International Companies listed in London, 2005

• In 2005, we had 24 international companies listed
  in London
• 20 international companies have done an IPO on
  the Main Market
• 6 Russian companies and 2 Kazakhstan companies
  have raised almost 6 billion USD

They are 24, including the 2 PSM companies and
also 3 companies that came under UK topco.
Source London Stock Exchange - 2005
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Companies on AIM with CIS focus -
27 companies
Source London Stock Exchange trade statistics
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 www.londonstockexchange.com/iob
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Case Study London a leader in
international trading
The Exchanges member firms traded around US80bn
of Russian securities in 2005, representing
around 61 of the total trading volume on the IOB
for 2005.
Source London Stock Exchange trade statistics
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Trading System Overview Top 20 companies traded
on IOB, by DRs turnover no. of trades total
for 2005
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London has the widest choice of proven
markets globally
A choice of globally respected markets supported
by a wide range of institutional retail
investors
Main Market

Supports the capital raising activities of more
established companies seeking further
growth. 1,660 issuers
Supports the capital raising activities of
earlier stage companies in their initial growth
period. 1,473 issuers
No other Exchange globally can offer the same
choice of markets with the same breadth and depth
of investors
Source London Stock Exchange December 2005
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AIM the international market for smaller and
growing companies

• AIM companies 1,473
• Overseas AIM companies 247
• IPOs on AIM in 2005 335
• - 259 UK
• - 76 overseas
• Capital raised (new further) since 1995
  US47bn
• Capital raised (new further) in 2005 US16bn
• US 12bn UK companies
• US 4bn overseas companies

Source London Stock Exchange trade statistics
March 2006
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General Observations about CIS Marketing

• Market Perception
• Suitability of Platform
• Liquidity
• Availability of Capital
• Choice of Markets

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Life as a public company
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Life as a public company (cont.)
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SETS platform
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AIM companies by market capitalisation
70 of companies on AIM have a market
capitalisation under 50million. 28
companies on AIM are capitalised above
440million.
Source London Stock Exchange trade statistics
March 2006
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AIM Top 10 IPOs by money raised in 2005
Source London Stock Exchange trade statistics
October 2005
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Russian/CIS website
www.londonstockexchange.com/ru/AIM