Renaissance Group - Our Regions - CIS

Russia

Renaissance Group began as a Russia-based investment bank in 1995 and become one of the dominant finance, investment and management groups in the Russian Federation.

Renaissance Capital in Russia provides M&A advisory services and innovative financing solutions for clients of all sizes and across all industries. The Firm has world-class expertise across all products including mergers and acquisitions, equity and debt capital markets and structured solutions and derivatives. It has strong industry expertise in consumer and retail, financial institutions, metals and mining, oil and gas, real estate, technology, media and telecom and utilities. In each sector Renaissance Capital's unparalleled combination of product and industry knowledge and local market presence has delivered superior results for our clients. For example, our leading financial institutions practice has advised on landmark transactions including the IPOs of VTB and Bank St. Petersburg and capital raisings for the Nigerian banks United Bank for Africa and Access Bank. In metals and mining, Renaissance Capital advised Onexim Group on the sale of its 25% stake in Norlisk Nickel to a strategic investor and equity offerings for MMK and Uralkali. In the fast growing consumer and retail sector, Renaissance Capital is the dominant ECM and M&A house having led the IPOs of Dixy, Nutritek, Rosinter and Synergy, and having advised on strategic transactions for clients including the shareholders of Kopeika and Ruzskaya Confectionary Factory. In the strategic oil & gas sector Renaissance Capital has established itself as the advisor of choice having advised BP on disposal of its interest in Russia Petroleum to Gazprom, Surgutneftegas on the disposal of its ESP subsidiary Kondaneft and acting as lead manager in the IPOs of Integra and Volga Gas.

For five straight years, Institutional Investor has named Renaissance Capital the best research house in Russia.

Renaissance Investment Management is a leading independent investment management company, established in 2003 as a 100% owned subsidiary of the Renaissance Group. RIM began with five employees and $4 million in assets and has grown to $5.7 billion (as at December 2007) in assets with approximately 150 staff.

RIM is a market leader and the largest non-captive asset manager in Russia, providing services to high net worth individuals and corporations. RIM is one of the largest managers of Russian pension fund assets.

Renaissance Credit granted the first consumer credit in Russia on 2004 The Bank's operations were characterized at the initial phase by a rapid growth of the consumer credit market in those countries. Today Renaissance Credit is the third biggest private player on the consumer credit market in Russia and Ukraine.

Renaissance Credit offers its credit services in 63-plus regions of Russia, from Kaliningrad to Vladivostok. One of the Bank's key projects is the development of the best and market's biggest IT platform, which enables loans to be approved on-line. The Bank network includes over 8,900 loan granting centers in Russia's 9 time zones. The Bank serves about 2 million clients and offers a wide spectrum of consumer credit products, including purpose and no-purpose loans, auto loans and credit cards.

The Renaissance Credit loan portfolio was more than USD1,5 billion by the end of November 2007. Loans issued in November 2007 amounted for USD 351 mln. The Bank is capable of not only promoting a rapid growth of consumer crediting (which increased nearly 3 times over 2006), but, most importantly, improving the quality of loans.

Renaissance Partners leverages Renaissance Group's investment banking platform and the Group's unique insights into strategic investment opportunities in the markets in which we operate. The current portfolio includes investments in forestry in Russia, agricultural land and food production in Ukraine, oilfield services in the CIS and commercial banking in Sub-Saharan Africa. Renaissance Partners is actively exploring new opportunities to invest the capital of Renaissance Group and selected co-investors.