Stepanovski, Papakul & Partners Law Firm of the Year 2009 Ministry of Justice of the Republic of Belarus

Managing Partner, Company Director – Alexander Stepanovski Practice Areas: Commercial Co-Head, Partner – Tatiana Ignatovskaya Co-Head – Elena Sapego Corporate Head, Managing Partner – Valery Papakul Litigation Head of Litigation, Partner – Andrey Vashkevich Head of arbitration group & international projects – Alexander Khrapoutski Stepanovski, Papakul & partners Limited Liability Company 2

22 staff lawyers 16 lawyers certified by the Belarus Ministry of Justice 11 lawyers recommended as leading local specialists by the Chambers Global/Europe legal guide Services:  competition & antitrust  bankruptcy & restructuring  intellectual property  information technology  tax consulting  real estate & construction  litigation & arbitration  certification & marking  corporate / M&A  customs & currency legislation / indirect taxes  labor law issues The largest Belarusian law firm 3

Client-oriented Our clients work in the following industries:  banking  know-how  software & IT  design & construction  manufacture, distribution & marketing of consumer goods (FMCG)  advertising, mass media  telecommunications  sports  insurance 4

Client-oriented Among our Clients are:  Acado  All-Technology Ltd.  British American Tobaсco  ElkoComputers  Danon  Ericsson AB  Exxonmobil  Itera  Kimberly Clarck  Mars  Nissan  Nokian Tyres  Procter & Gamble  Vnesheconombank Russia  Xerox  Unilever Rus  Baker & McKenzie, Germany  Beiten Burkhardt, Russia  Eversheds, GB  Fresfields, Germany  Goltsblat BLP, Russia  Pepeliaev Group, Russia 5

International recognition Chambers Global/Europe Clients about SP&P:  “It is the most responsive firm I’ve worked with; when something needs to be done, it puts in the right resources to make things happen…”  “expanding fast, with a successful strategy of serving Russian investors…”  "Formed in 2006 as the result of a merger, this group of young and feisty lawyers is a force to be reckoned with. With dispute resolution comprising one of the firm's three core areas of expertise, the team is excellent at handling multiple-claim cases…”  “impressive teamwork…” 6

International recognition Chambers Global/Europe Clients about our lawyers:  Alexander Stepanovski “is very proactive, and will be there whenever you need quick, on-the-spot advice…”  Valery Papakul will “always find creative solutions that are suited to the situation at hand…”  Tatiana Ignatovskaya “impresses clients with her precision and diligence…”  “ Andrey Vashkevich ’s immaculate performance in court makes him one of the most admired litigators in Belarus. Clients describe his approach as meticulous and methodical, remarking that he never fails to give a realistic assessment of each case”  Elena Sapego “puts her clients’ needs first and finds the best solutions possible…”  Alexander Khrapoutski is “very well known for his corporate work” and “a lawyer you can trust in discussing delicate and confidential issues” 7

International recognition European Legal 500 "Stepanovski, Papakul and Partners’ joint managing partners -- Valery Papakul and Alexander Stepanovski -- lead a quality firm that has strong relationships with firms in Russia, Ukraine and Germany...” IFLR 1000 "Stepanovski Papakul and Partners is one of the biggest law firms in Belarus and maintains a strong profile, predominantly on the local circuit” 8

Partnership projects/pro bono  Belarusian Student Law Competition  International Festival of Advertizing and Marketing “White Square”  Modern Art Gallery “Ў”  Doing Business in Belarus 9

SP&P contacts Minsk, Belarus 16 Kuibyshev Street tel./fax: “Stepanovski, Papakul & partners” © License of the Ministry of Justice of the Republic of Belarus N02240/ of 22 February 2007 Drawings by Sergey Selecki © 10