Global Commodities Finance Conference the Annual Meeting of the Key Players in the Commodity Finance Community

16th & 17th June 2011 • Hotel President Wilson • Geneva and The 8th Annual

present Global Commodities Finance Conference The annual meeting of the key players in the commodity finance community

Lunch Sponsor Cocktail Sponsor Delegate Bag Sponsor

Bronze Sponsors Exhibitors

Confirmed Speakers include: ● Andrea Almeida, Head of ● Federico Turegano, Global Head ● Jean-Francois Lambert, Global Corporate Risk Management of Natural Resources & Energy Head Commodity and Structured Department, Vale Financing, Société Générale Trade Finance Trade and Supply ● Thierry Bourvis, Chief Financial Corporate & Investment Banking Chain, HSBC Bank Officer, Sucden ● Gert Bosscher, Managing Director, ● Philippe Chalmin, Professor at Paris ● Afegra Dauphine University and General Gauthier Froment, Head of Trade ● Jean Craven, General Manager, Editor, Cyclope Commodity Yearbook Finance, Louis Dreyfus Commodities Export Trading Group ● Robert Parson, Partner, Reed Smith ● Colin Heritage, Managing Director, ● Andrew C. Beckham, ● Robert Petritsch, Chief Financial Stemcor Director/Chief Financial Officer, Officer, Quadra ● Matthias Bormann, Finance BUMI Resources ● ● Michael Rolfe, Head of Commodity Director, Armajaro Bohumil Matousek, Senior Trade Finance, UniCredit Underwriter, Political Risk & Trade ● Sergey Rezontov, Head of ● Teymur Huseynov, Global Head Corporate Finance, Mechel Credit Insurance, Zurich ● Kevin Rhodes, Chief Operating Energy Consulting, Exclusive ● Analysis Thomas Öhl, Managing Director, Officer, LN Metals Global Head of Commodity Finance, ● Jürgen Siemer, Senior Investment ● Antonio Oliva Neto, Chief Financial Structured Finance, WestLB Manager, DEG Officer, Los Grobo ● Dono Boestami, Finance Director, ● Mario Messerschmidt, Head ● Matt Pieterse, Managing Director, PT Bukit Asam Structured Trade Finance, Beijing Axis Commerzbank www.euromoneyseminars.com/commodities The 8th Annual Global Com DAY ONE: THURSDAY 16TH JUNE 2011 10.15 08.00 Morning coffee and networking break Registration and coffee 11.00 China conquering new markets: Evaluating China’s rising presence 08.45 in the African and Latin American commodity markets and what it means for commodities finance Chairman’s opening remarks Jean-Francois Lambert, Global Head Commodity and Structured Shifts in lending: What role will Chinese banks play in these regions? Trade Finance Trade and Supply Chain, HSBC Bank What types of deal structures are they looking for? Which hard and soft commodities offer the most appeal? 09.00 Comparing ﬁnancial strategies of Chinese and international producers Does Chinese Renminbi have potential to become a new Global economic overview: Examining the effects of expanding global currency? population and increasing wealth in developing economies on the The impact of changing trends in the Chinese consumer demand commodities market on commodities markets How to accommodate for rising commodity prices in the world How will China’s appetite for natural resources develop in the of austerity coming year? Deregulation and globalization of the commodities industry Andrea Almeida, Head of Corporate Risk Management Department, Vale How sustainable is the upward trend in the commodities market? Erik Bethel, Managing Partner, SinoLatin Capital What are the main drivers behind the high volatility of Matt Pieterse, Managing Director, Beijing Axis commodity prices? Philippe Chalmin, Professor at Paris Dauphine University 11.45 and General Editor, Cyclope Commodity Yearbook Metals & Mining: Can the market sustain the ever-increasing 09.30 demand from emerging economies? How dependent is the sector on Chinese and Indian demand? Annual Global Heads Panel: Are banks ready to cope with the Steel: Conquering new ground in India increasing demand for financing? What other new hubs for steel are in development? Analyzing how to overcome price volatility in deals: To what extent it can be attributed to speculators What are the reasons behind continuing consolidation among global steelmakers? What does this mean for deal flow? What criteria do banks use when structuring a deal? Is there room for innovation in current market conditions? Analysing current price trends for iron ore and steel. What do they Is the liquidity gap between top tier and second tier players going hold for the future of the industry? to close? How has the disruption in supply of iron ore and coking coal due to The increasing participation of local banks: What is the implication Australian floods affected the market? on the market? Valentina Burrai, Research Analyst, Metal Bulletin Research Does 2011 bring the end of restructurings? How are banks going to deal with non-performing loans now that 12.15 the market has improved? South and South East Asian economies: Providing solutions to Assessing ways to absorb increasing banking costs financing challenges and securing deal flow Rising competition from bond and capital markets: How real is India: What are the main challenges faced by banks in the world’s the threat? second-fastest growing economy and how to overcome them? How crucial is the development of syndicated loans market to How to deal with rising inflation in the region financing large deals? Reviewing economies in South East Asia: What commodities are What is the deal flow expected to be like in the coming year? seen as the most attractive and where is the deal flow coming from? Bankers’ perspective on what clients really want and need To what extent can Singapore be seen as an alternative hub Jean-Francois Lambert, Global Head Commodity and Structured for financing? Trade Finance Trade and Supply Chain, HSBC Bank Dono Boestami, Finance Director, PT Bukit Asam Thomas Öhl, Managing Director, Global Head of Commodity Finance, Andrew C. Beckham, Director/Chief Financial Ofﬁcer, BUMI Resources Structured Finance, WestLB Matthias Bormann, Finance Director, Armajaro Michael Rolfe, Head of Commodity Trade Finance, UniCredit Federico Turegano, Global Head of Natural Resources & Energy Financing, Société Générale Corporate & Investment Banking 13.00 Mario Messerschmidt, Head Structured Trade Finance, Commerzbank Lunch Hosted by: Karel W. Valken, Global Head Trade & Commodity Finance Agri, Global Head Grains & Oilseeds, Rabobank International John MacNamara, Global Head of Structured Commodity Finance, Deutsche Bank 14.30 Bernard Zonneveld, Managing Director/Global Head; Structured Russia & CIS: How to take advantage of enormous natural resource Metals and Energy Finance, ING wealth and secure deals safely in the energy sector Moderator: Robert Parson, Partner, Reed Smith Where are prices going? Where is the deal flow coming from? Will there be a return of the syndicated loans market? Will IPOs and bond issues severely impact the commodities finance market or produce new opportunities? The Caspian region: How will the deal pipeline develop in 2011-2012? Analyzing the factors facilitating this development How to identify and deal with the challenges faced by large international banks when securing deals in Russia? Providing solutions to legal, political and logistical risks Are increasing political and legal risks being matched with higher rewards in Russia & CIS? Sergey Rezontov, Head of Corporate Finance, Mechel Teymur Huseynov, Global Head Energy Consulting, Exclusive Analysis Rouben Indjikian, International Consultant and Former Executive Director, Global Commodities Forum

© Euromoney Seminars and Trade Finance 2011 mmodities Finance Co DAY TWO: FRIDAY 17TH JUNE 2011 15.15 Sub-Saharan Africa: What are the most secure ways of financing deals in the region? 08.15 Overcoming counter-party risk: Are collateral managers essential Registration and coffee when securing deals in the region? Increase in deal flow: How crucial is logistical and technological 08.45 advancement in the region? Do local currencies have potential in African commodities deals? Chairman’s opening remarks Evaluating how the region is coping with high volatility of soft commodity prices 09.00 How will rising fertilizer prices impact deal flow in crops and other The Annual Global Trader Panel: The changing profile of traders soft commodities in the region? in the deal-making chain and the impact on the commodities Jürgen Siemer, Senior Investment Manager, DEG finance industry Jean Craven, Head of Corporate Finance, Export Trading Group Are large traders ready to finance themselves? 16.00 Overview of the activity of top traders: Will they switch from structured finance to capital markets? Afternoon coffee and networking break Analyzing the growing importance of traders’ balance sheets The role of the trader in supply and logistics management 16.30 How have trading flows evolved since summer 2010? Traders’ perspective on working best with bankers Soft Commodities: Hedging against higher risks brought about Uncertainties over commodity market regulations: What are the by disruptions in supply likely impacts? Price volatility: To what extent are prices affected by natural disasters? Where to find additional funding to face commodity price trend? Is there enough supply to meet rising demand? How is supply shifting? Kevin Rhodes, Chief Operating Officer, LN Metals How are ever-growing food prices affecting the industry? Colin Heritage, Managing Director, Stemcor Would GM crops provide a solution? Thierry Bourvis, Chief Financial Officer, Sucden To what extent is extra demand from biofuels raising soft Robert Petritsch, Chief Financial Officer, Quadra commodities prices? Gauthier Froment, Head of Trade Finance, Louis Dreyfus Commodities What are the main factors behind rising prices for soft commodities? Guillaume Vermersch, Group Chief Financial Officer, Mercuria Energy Trading Increasing demand from emerging markets, growing population Vincent Minna, Director of Finance & Trade Execution, Bunge and changing diets, dislocation in the production/supply due to Moderator: Jean-Francois Lambert, Global Head Commodity and natural disasters Structured Trade Finance Trade and Supply Chain, HSBC Bank Gert Bosscher, Managing Director, Afegra Robert Petritsch, Chief Financial Officer, Quadra 10.00 Dominique Beretti, Deputy Global Head of Natural Resources & Commodity Update: Legal look-back - 2010/11 Energy Financing, Société Générale Corporate & Investment Banking Legal "look-back" over the past 12 months 17.15 What were the trends? How has the law responded? What are the main legal and regulatory developments taking place Latin America: Examining opportunities for financiers created by in the sector? high levels of liquidity in the region Has resource nationalism taken root? Will the financing environment remain favourable in 2011-2012? What legal developments lie ahead? Review of trends in soft commodities – grains, soya beans and sugar Kyri Evagora, Partner, Reed Smith What is the effect on the industry of grain merchants moving into sugar business? 10.30 Evaluating the significance of rising production of meat and poultry as a new source of deal flow Morning coffee and networking break Is Brazilian infrastructure developing in line with demand from the commodities sector? Where are the shortcomings and how are 11.00 they affecting commodity trade? Antonio Oliva Neto, Chief Financial Officer, Los Grobo Basel III: How to cope with increasing business costs and capital requirements 18.00 How does new regulation affect PXF structures? Chairman’s closing remarks How to rate and structure deals under new regulation? What are the best ways to allocate capital? 18.30 How will new regulation impact on pricing of loans and letters of credit? The annual cocktail reception hosted by Examining strategies for implementing new regulation Robert Piller, Director, Auprès Consult

11.30 Latin America: Is co-operation between local and international banks key to financing commodities in the region? The increasing activity of local banks: What are the implications for the industry? Are international banks being too aggressive and underplaying counter-party risk in a bid to being more competitive? What is the future of this relationship? How is the dollar/real exchange rate affecting commodity finance in the region? Angela Martins, Executive Director, Banco Pine Domicio Santos Neto, Partner, Santos Neto Advogados Antonio Alves, Senior Regional Head of Trade Finance, Latin America and Caribbean Region, IFC 16th & 17th June 2011 nference Hotel President Wilson • Geneva

12.15 15.15 Case study: New approaches for financing metals trading and Analyzing the best risk mitigation tools: Are banks discouraged producing companies by costs? Overview of the current financing environment in the sector: How to make the most of risk tools available in the market What are the main challenges? Do banks put too much trust in borrowers from emerging markets? Finding optimal solutions for specific client requirements How effective are risk tools provided by collateral managers really? From advisory to financing Finding new ways of absorbing costs incurred by risk managers Dirk Fehring, Executive Director, WestLB How to price risk across commodities 12.45 Bonnie Galat, Global Head – GTFP Marketing & Distribution, Global Trade Finance Programme, IFC Lunch Matthieu Delorme, Chief Operating Ofﬁcer, Cotecna Trade Services 14.00 16.00 Forecasting oil price trends: Are oil prices going too high too fast? Do current oil prices truly reflect the market? Chairman’s closing remarks followed by coffee and Oil prices as a solver: From supply destruction to demand destruction close of conference Trends in speculative and investment flows and their influence on prices The search for new price benchmarks Olivier Jakob, Managing Director, Petromatrix

14.30 Post-crisis boom in insurance for the commodities finance market: For sponsorship opportunities, please contact Examining banks’ changing risk attitudes and the impact on the Dominik Kloiber +44 (0)20 7779 8099 future of the industry [email protected] What is the real risk profile of trade finance? Evaluating new liquidity regulation put in place by insurance regulators For speaking opportunities please contact Will increasing numbers of private sector insurers have an effect Alena Timanov +44 (0) 20 7779 8557 on insurance premiums offered? [email protected] Why have tenors for political risk insurance increased over the recent years? For marketing opportunities or to register please contact How to work best with insurers: Overcoming confidentiality rules to Karina Katysheva +44 (0)20 7779 8107 improve the relationship [email protected] Charles Berry, Chairman, BPL Global Bernard de Haldevang, Head of Financial Lines, ASPEN Bohumil Matousek, Senior Underwriter, Political Risk & Trade Credit Insurance, Zurich

Past delegates testimonials: “The best event of its kind for networking “If you are to choose just one event in a year and discussing the market we work in” to attend – this is it. Crème de la crème of Stuart Ashworth, Willis Limited banking, trading and legal worlds” Elena Egorova, DRUM Risk Management “Great platform to touch base with players in the commodity market” “Another first class conference” Dagmar Werner, DZ Bank SG David Willman, Shell Trading

Euromoney Seminars reserves the right to alter the venue and/or speakers. Euromoney Seminars and Trade Finance are divisions of Euromoney Institutional Investor PLC. 16th & 17th June 2011 Hotel President Wilson • Geneva

The 8th Annual Global Commodities Finance Conference

The must-attend event for the commodities finance Join the annual gathering of the leading representatives in community is back for its 8th year offering unparalleled the commodities finance community and: networking opportunities and the most esteemed line-up of Take part in the discussion with the industry leaders on speakers. While 2010 was a record year for the commodities the most pressing and pertinent issues affecting the global finance market, 2011 addresses sustainability of this market flow of commodities recovery in light of high price volatility and rapidly growing Discover the key trends currently developing in demand for natural resources from emerging economies. commodity finance Key issues to be discussed include: Gain exclusive insight into solutions to issues such as increased capital requirements put forward by Basel III How to price risk across commodities Expand your business by unrivalled networking offered The Annual Global Heads panel: Are banks ready to cope at the conference. Shake hands with the world’s leading with the increasing demand for credit facilities? experts in the industry at the annual cocktail reception Is China still the market driver for demand induced growth? and networking lunches The changing profile of traders in the deal-making chain Book your place now at and the impact on the commodities finance industry www.euromoneyseminars.com/commodities

Companies that attended GCF 2010 included: Addax & Oryx Group China Construction InterChem Nedbank Capital Swiss Re Europe ANZ Bank Corporation Intergate AG Nidera Holdings The Bank of AON COMMODITY CICOM Intesa Sanpaolo Noble Group Tokyo-Mitsubishi TRADE Coimex Trading JP Morgan OCBC Bank The Royal Bank AOT Holding Coutinho & Ferrostaal KBC BANK QBE Insurance of Scotland Armajaro Holdings Credit Agricole CIB KfW IPEX-Bank Raiffeisen Bank TMK Global Aupres Consult Credit Suisse Landesbank Baden- International Trafigura Beheer Banco Atlántida Deutsche Bank Wuerttemberg Raw & Refined Traxys SARL Commodities Banco Espirito Santo Dimitriaki Lang & Associes Tricon Energy Reed Smith Banco Santander DRUM Risk Leaf Tobacco A Triquesta Commodity Management Michailides Reuters News Banque Misr Finance Duro Felguera Litasco Rockall Technologies UNIFAC Barclays Bank Rosemount Capital DZ Bank Lloyds TSB Venus International BBVA Management ECOM Agroindustrial Los Grobo Vitol Belarusian Potash Corporation Santander Louis Dreyfus Votorantim Metais Company ED & F Man Holdings Commodities Shell WestLB BGFI International Farmsecure Holdings Marquard & Bahls Slav Advogados BNP Paribas FBN Bank Marsh Societe Generale Willis Bolero International Fortis Bank Mechel Trading Standard Bank World Trade Organisation BP Oil International GES Micro Informatique Standard Chartered BPL Global Glencore International & Technologies Bank Xcoal Energy & Resources Bunge Gunvor International Mizuho Corporate Bank SUCDEN Zurcher Kantonal Bank Cargill International HSBC Bank Natixis SWIFT www.euromoneyseminars.com/commodities 8th Annual Global Commodities Finance Conference 16th & 17th June 2011 • Hotel President Wilson • Geneva Registration Fees 5 Easy Ways to Register Registration fee Online: Full Rate ●€2099 www.euromoneyseminars.com/commodities Early Bird ●€1999 (Register before 6th May 2011) Email: Super Early Bird ●€1899 (Register before 21st April 2011) [email protected] + VAT @ 8% Total € Fax: Please quote ELE1059 on all correspondence (UK) +44 (0)20 7779 8603 Telephone: (UK) +44 (0)20 7779 8999 Post: Karina Katysheva Euromoney Seminars Nestor House Playhouse Yard London EC4V 5EX UK Delegates Delegate 1 (please print) Delegate 2 (please print) Title (Mr/Mrs/Ms/Dr/Other): Title (Mr/Mrs/Ms/Dr/Other): First Name: First Name: Surname: Surname: Coming to Geneva for the 8th Annual Global Job Title: Job Title: Commodities Finance Conference? Company: Company: Attend the International Iron Ore Symposium VAT No. (EU only): VAT No. (EU only): as well and save 25%! Address: Address: 17th International Iron Ore Symposium The deﬁnitive global iron ore gathering 14-15 June 2011 • President Wilson, Geneva

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Administrative information Venue: Cancellation policy: All bookings are considered Cannot attend? Please pass this brochure on HOTEL PRESIDENT WILSON binding on receipt of booking form. Payment is required to a colleague or you can purchase the online 47, Quai Wilson on receipt of subsequent event invoice unless the documentation for €599. If your company is registered 1211 Geneva 21 registration is made within the two weeks before the within the EU please supply your VAT number. Switzerland first day of the event, when payment must be made at Telephone: +41 22 906 66 66 the time of registration . This is a prepaid event. If you For immediate information on this and cannot attend you must cancel your registration in related events, please call our hotlines Travel & Accommodation: writing no later than 2nd June 2011 to receive a refund Telephone: USA toll free (free from within the USA) minus a 10% administration charge. We cannot accept (USA) +1 800 437 9997 verbal cancellations. Cancellations made after this time are liable for the full conference fee. We suggest you or (USA) +1 212 224 3570 For all Accommodation please contact the reservations send a substitute to attend in your place at no extra cost. or (UK) +44 (0)20 7779 8999 team at Banks Sadler on +44 (0) 1904 682639 or email: Registration fee: The registration fee includes participation or alternatively email: [email protected]. Banks Sadler in the conference, lunches and documentation material, [email protected] have negotiated preferential room rates on behalf of all which will be available in electronic format the night Euromoney delegates and look forward to assisting before the event. All bookings are considered binding you with the best accommodation for your budget. For further information on sponsorship or on receipt of the booking form. exhibition opportunities please contact Dominik Kloiber Tel: +44 (0) 207 779 8099 Fax: (UK) +44 (0) 207 779 7977 email: [email protected]