Draft: 12/06/07 11th ANNUAL INVESTOR CONFERENCE , 17-20 JUNE 2007

MONDAY, 18 JUNE Gostiny Dvor, Moscow

08:45 – 13:20 POLITICS AND ECONOMICS 08:45 – 09:00 Stephen Jennings, Chief Executive Officer, Renaissance Capital 09:00 – 09:30 Sergei Naryshkin, Deputy Prime Minister, Russian Federation 09:30 – 10:00 General Colin Powell, US Secretary of State 2001-2005 10:00 – 10:30 Alexei Kudrin, Minister of Finance RF 10:30 – 10:45 Vladimir Milovidov, Head of the Federal Financial Markets Service RF 10:45 – 11:15 Coffee-Break 11:15 – 11:45 Leonid Reiman, Minister of Telecommunications & IT, RF 11:45 – 12:15 Sergei Stepashin, Chairman of the Audit Chamber RF 12:15: 12:45 Viacheslav Nikonov, President, Politka Foundation 12:45 – 13:15 Alexander Shokhin, President, Russian Union of Industrialists & Entrepreneurs 13:15 – 14:30 Lunch

14:30 – 18:00 OIL AND GAS SECTOR 14:30 – 15:00 Victor Khristenko, Minister of Energy RF 15:00 – 15:20 , President, 15:20 – 15:40 Vladimir Bogdanov, General Director, 15:40 – 16:00 Felix Lubashevsky, President & CEO, Integra Management 16:00 – 16:20 Coffee Break 16:20 – 16:40 Alexander Medvedev, Deputy Chairman of the Management Board, Gazprom 16:40 – 17:00 Matthias Warnig, Managing Director, Nord Stream 17:00 – 17:20 Peter O’Brien, Vice President, Rosneft 17:20 – 17:40 Simon Vainshtok, Chairman of the Board and President, Transneft 17:40 – 18:00 Tony Hayward, Chief Executive Officer, BP

20:00-22:30 GALA RECEPTION DINNER

TUESDAY, 19 JUNE Gostiny Dvor, Moscow 09:00 – 09:30 , Chairman, National Corporate Governance Council 09:30 – 09:50 Vladimir Rashevsky, General Director, SUEK 09:50 – 10:10 Dmitry Pumpyansky, Chairman of the Board, TMK 10:10 – 10:30 Alexander Bulygin, Chief Executive Officer, 10:30 – 10:40 Questions & Answers 10:40 – 11:00 Coffee Break

11:00 – 13:00 METALS & MINING SECTOR 11:00 – 11:20 Denis Morozov, General Director, 11:20 – 11:40 Igor Vier, Member of the Management Board, MMK 11:40 – 12:00 Pavel Skitovich, Chief Executive Officer, Gold 12:00 – 12:20 Maxim Gubiev, Chief Executive Officer, Metalloinvest 12:20 – 12:40 Vitaly Nesis, General Director, Polimetal 12:40 – 13:00 Vladislav Baumgertner, President & CEO, Uralkali 13:00 – 14:00 Lunch

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14:00 – 15:50 TELECOMS, MEDIA & TECHNOLOGIES 14:00 – 14:20 Alexander Goncharuk, President, AFK SISTEMA 14:20 – 14:40 Jean-Pierre Vandromme, Chief Executive Officer, Golden Telecom 14:40 – 15:10 Leonid Melamed, President, MTS 15:10 – 15:30 Evgeni Utkin, President, Sitronics 15:30 – 15:50 Rafael Akopov, Chief Executive Officer, Prof-Media 15:50 – 16:00 Coffee Break

16:00 – 18:00 FINANCE, RETAIL, CONSUMER 16:00 – 16:20 Andrei Kazmin, Chairman of the Board, Sberbank 16:20 – 16:40 Andrei Kostin, President & CEO, VTB 16:40 – 17:00 Tony Maher, Chief Executive Officer, Wimm Bill Dann 17:00 – 17:20 Lev Khasis, Chief Executive Officer, 17:20 – 17:40 Questions & Answers Conference Close: Stephen Jennings, CEO, Renaissance Capital

20:00-23:00 GALA DINNER

WEDNESDAY, 20 JUNE Moscow

10:30 – 13:00 WORKSHOP ROUNDTABLES Round Table 1: Endowments in Russia Round Table 2: Real Estate Sector Round Table 3: Russian Securitisation Market – The Road Ahead Round Table 4: SME’s, Retail, & Regions – The Growth Drivers of Russian Banking

WEDNESDAY, 20 JUNE (AFTERNOON) – FRIDAY, 22 JUNE

REGIONAL TRIPS (OPTIONAL) Sakhalin: Site Visits & Regional Programs St Petersburg: Site Visits & Regional Programs Sochi: Site Visits & Regional Programs

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