w w w. h e n g e l e r. c o m Best Friends v. Mega Firms Third CIS Local Counsel Forum St. Petersburg 26 June 2008

w w w. h e n g e l e r. c o m 2 Best Friends v. Mega Firms Topics A.What Do We Want?3 B.How Do We Do It?4 C.How Does the Best Friends Network Operate?5 D.What Have We Achieved? 7

w w w. h e n g e l e r. c o m 3 Best Friends v. Mega Firms A.What Do We Want? Practice law on high-end transactions Retain individual freedom and autonomy Be adequately compensated

w w w. h e n g e l e r. c o m 4 Best Friends v. Mega Firms B.How Do We Do It? High quality of advice / hard work / full commitment True partnership / pure lock step system Emphasis on internal growth / homogenous structure No central management, instead sharing of administrative burden Effective best friends network

w w w. h e n g e l e r. c o m 5 Best Friends v. Mega Firms C.How Does the Best Friends Network Operate? Privileged, strong and non-exclusive relationship with those independent law firms which are the market leader in their respective home jurisdiction Slaughter and May (UK), Bredin Prat (France), Bonelli Erede Pappalardo (Italy), Uría Menéndez (Spain); well established relationships with leading independent firms in other countries Full independence and equality Informal but effective / no institutions but truly integrated

w w w. h e n g e l e r. c o m 6 Best Friends v. Mega Firms C.How Does the Best Friends Network Operate? (cont`d) Seamless service, flexible, efficient and tailored to the needs of the clients Strong personal ties Joint office in Brussels As a result: Ability to provide best service on top end cross-border transactions while retaining total autonomy

w w w. h e n g e l e r. c o m 7 Best Friends v. Mega Firms D.What Have We Achieved? Leading German law firm working equally on domestic and international high-end transactions High degree of personal independence with negligible administrative burden Very motivated and committed lawyers Satisfactory results In short: Happy and successful

w w w. h e n g e l e r. c o m 8 Hengeler Mueller: At a Glance Locations:Berlin, Düsseldorf, Frankfurt, Munich, Brussels, London Lawyers (total) / Partners:250 / 84 Clients:Major German, European and US entities (in recent years): 22 of the DAX of the EuroSTOXX of the Dow Jones Industrial Index leading PE firms

w w w. h e n g e l e r. c o m 9 Hengeler Mueller: Executive Summary Hengeler Mueller: Universally recognised to be one of Europe's pre-eminent law firms Dedicated to absolute quality of legal advice and the highest standards of service The prerequisite: a true and homogeneous partnership of professionals, entrepreneurial in thinking and handling and international in education, training and practice Establishment of Integrated Teams with pre-eminent firms in major jurisdictions on international transactions that are result-oriented, cost-effective and tailor- made for cross-border advice of the highest quality

w w w. h e n g e l e r. c o m 10 Hengeler Mueller: Practice Areas Mergers & Acquisitions Corporate Private Equity Banking & Finance Capital Markets Competition Tax Privatizations / PPP Real Estate Energy Labour Regulatory IP/IT Litigation/Arbitration/ADR

w w w. h e n g e l e r. c o m 11 Hengeler Mueller: Awards Law Firm of the Year (Germany) 2005/2006/2007 Law Firm of the Year (Germany) 2005/2006 Law Firm of the Year (Germany) 2003/2004/2005/2007 Law Firm of the Year 2007 Insurance Law Firm of the Year 2006 Competition Law Firm of the Year 2005 M&A Law Firm of the Year 2004

w w w. h e n g e l e r. c o m 12 Hengeler Mueller: Media Coverage “the most prestigious and exceptional of business law firms in Germany” “Sources praised its ‘successful model, which has ensured that it attracts the best clients and lawyers’.” “Client: ‘It is just about the only firm that gives me reason to actually sit down and admire the perfection of its contract drafting.’” “Clients were also keen to stress that the exceptional service offered by the group represented ‘exceptionally good value for money’.” “remarkably versatile firm...helped to shape most of the techniques commonly used throughout the market...expertly guiding each complex deal past any number of obstacles along the path to closing...punctuality, precision, great business orientation and sharp analytical skills” “Quick and solution-oriented, its lawyers always have an eye on the bigger picture and leave you feeling well looked after.” “What sets them apart is the ‘quality that they can offer on a transaction’.” “Despite there being more competitors nowadays, Hengeler still heads the field with an enviable client list and a plethora of substantial mandates to match.” “Hengeler Mueller set the legal market alight in In advising on high-value transactions, spectacular IPOs and making a quick-fire success of the Munich office, Hengeler has had a year like no other.”

w w w. h e n g e l e r. c o m 13 Profile: Dr. Cord-Georg Hasselmann Dr. Cord-Georg Hasselmann Hengeler Mueller Charlottenstraße 35/ Berlin Germany T: F: E: Cord-Georg Hasselmann practises business law, specialising in mergers and acquisitions, corporate, privatisations and public private partnerships. His practice involves acting for private companies as well as for the government, on a state as well as on a federal level. Cord-Georg Hasselmann also advises German and foreign companies investing in Central and Eastern Europe. He further represents clients in major commercial litigation and arbitration cases, both nationally and internationally.