IV Annual MICEX & London Stock Exchange Conference

Moscow
February 2010
Venue: TBC

AGENDA – Investment Climate and IPO

09:30     Registration & Coffee

10:00     Opening Addresses           

            Konstantin Korischenko, CEO – MICEX Group
            Xavier Rolet, CEO – London Stock Exchange Group

Session One: Investment Climate

Moderator: TBC

 10:00    Emerging Markets: The Year Ahead – Investment Bank (tbc)

-         Comparing the BRICs
-         Infrastructure Investment

10:20    Corporate Finance Today: Experience of Russia’s Listed Companies

Moderator: TBC

-         Working with your shareholders
-         Further capital raises
-         Negotiating with bondholders

11:20    Coffee Break

Session Two: IPO Environment

Moderator: TBC

11:40    IPO Pricing – Investment Bank (tbc)

-         Review of 2005-2007 pricing
-         Expectations for 2010-2012

11:55   IPO Pipeline: What does it look like – Investment Bank, Big 4

-         Privatizations
-         M&A to IPO
-         Private Equity Exits

12:10   Dual IPO – Law Firm, DR Bank

-         DR issues by Russian companies on foreign exchanges
-         Regulatory changes

12:25     IPO & Corporate Governance Expectations of Investors – S&P

-         Using good corporate governance to attract investors in a competitive market

12:40    Annual Report Preparation – Big 4

-         Specific issues in account preparation for large consolidated holdings
-         Personnel requirements
-         Building robust systems: time and cost requirements

12:55     Analyst Coverage & Investor Communications Roundtable

            Participants: IR firm (TBC), Sell Side Analyst (TBC), Investor (TBC)

13:45     Networking Lunch

Keynote Speech: Tracey Pierce, Head of Equity Primary Markets

15:00     Opening Addresses for the second part on the Conference

            Gennady Margolit, MICEXAlexey Tischenko, RusNano

 Session One: Innovation & Growth

Moderator: TBC

15:20    Venture Capital Market in Russia – Private Equity Fund (tbc)

-         Case studies on private equity investments in Russia
-         Exit opportunities

15:40    Prospects for Growth companies in 2010 – Investment Bank (tbc)

-         Impact of crisis on mid-caps
-         Return of investors to mid-caps
-         Outlook for mid-cap IPOs

16:00    Growth Companies & Exchanges – A panel discussion

-         Participants: MICEX (IGC), LSEG (AIM), ZAI, Russian mid-cap broker (tbc)
-         Exchange platforms designed for high-growth companies
-         Experience of UK and Russian brokers taking growth companies public
-         Costs and benefits for smaller quoted companies

17:00    Coffee Break

Session Two: Practical Issues for Mid-Cap IPOs

Moderator: TBC

17:20    Liquidity Premium: What it’s worth – Investment Bank (tbc)

-         Valuation of growth companies
-         Analysis of mid-cap market participants
-         Partial exits for VCs on small cap exchanges (IGC and AIM)

17:40    Corporate Governance: What small caps need to do – Law Firm (tbc)

-         Corporate governance requirements for smaller companies
-         Disclosure of price sensitive information

18:00    Organizational Structure – Accounting Firm (tbc)

-         Optimal structures for listing
-         Off-shore holding companies
-         Outlook for mid-cap IPOs

If you are interested in this event please contact us at Russia@londonstockexchange.com