1-2 February 2007, Almaty, Kazakhstan :: Central Asian Capital Markets Conference

CONFERENCE AGENDA:

Agenda, 1 February 2007, Thursday
Agenda, 2 February 2007, Friday

1 February, Thursday (Ankara InterContinental Hotel):

Shaping the future development of Central Asian Capital Markets — challenges ahead

08:00 – 09:00	Welcome coffee
09:30 – 10:00	Joint welcome address:
	• Arken Arystanov, Chairman, Agency of the Republic of Kazakhstan on Regulation of the Activities of Regional Financial Centre of Almaty City • Tracey Pierce, Head of Company Services UK and International, The London Stock Exchange • Ulf Wokurka, Deputy Chairman, State Holding Company "Samruk"
10:00 – 11:00	Session 1: Economic and Investment outlook for Central Asia
	Moderator: Dan Connelly, Managing Director, Citigroup Country Officer and CEO Citibank Kazakhstan
10:00 – 10:20	Kazakhstan’s Investment Climate from a Regional Perspective
	• Julian Mylchreest, Managing Director, Central and Eastern Europe, Middle East and Africa, Citigroup
10:20 – 10:40	The role of the National Bank on further development of financial market in Kazakhstan
	• Medet Sardtbaev, Deputy Chairman, National Bank of Kazakhstan
10:40 – 11:00	The role of the state development fund Kazyna in economic development of Kazakhstan
	• Abay Alpamysov, Managing Director, Board Member, Kazyna Sustainable Development Fund
11:00 – 11:20	Press briefing of the London Stock Exchange and RFCA at the Ballroom

11:00 – 11:20	Coffee break

11:20 – 13:00	Session 2: Capital market infrastructure developments in Kazakhstan and Central Asia
	Moderator: Aset Shyngyssov, Managing attorney, LeBoeuf, Lamb, Greene & MacRae Almaty
11:20 – 11:30	Moderator’s introduction: Kazakh legal issues for international GDR offering
	• Aset Shyngyssov, Managing attorney of the Almaty office, LeBoeuf, Lamb, Greene & MacRae
11:30 – 11:50	Regional Financial Centre of Almaty: Opportunities for Financial Market Participants and Issuers
	• Arken Arystanov, Chairman, Agency of the Republic of Kazakhstan on Regulation of the Activities of Regional Financial Centre of Almaty City
11:50 – 12:10	Kazakhstan’s financial market regulation – the way forward
	• Gany Uzbekov, Deputy Chairman, Agency of the Republic of Kazakhstan on regulation and supervision of financial market and financial organisations
12:10 – 12:20	Stock Market of the Republic of Kazakhstan
	• Bulat Babenov, Vice president, Kazakhstan Stock Exchange (KASE)
12:20 – 12:40	Listing on the Main Market and on AIM in the UK
	• James Lewis, Partner, LeBoeuf, Lamb, Greene & MacRae
12:40 – 13:10	Foreign investors’ access to the Central Asian Capital Markets through DR – current issues
	• Gregory Roath, Vice President, Global Issuer Services, Bank of New York • Paul Etheridge, Head of Business Development, Capita Registrars
13:10 – 14:30	Lunch

14:30 – 16:10	Session 3: Kazakh IPO boom. What to expect?
	Co-Moderators: Numis Securities and Uralsib
14:30 – 14:50	Overview of recent Kazakh IPOs. Why have there been more Russian IPOs than Kazakh IPOs?
	• Timerbulat Karimov, Managing Director, Equity Capital Markets, Uralsib Capital
14:50 – 15:10	Who are the potential issuers and what financing options other than an IPO are available to them?
	• Yerlan Balgarin, Managing Director, Corporate finance, Centras Securities
15:10 – 15:30	What obstacles still remain for secondary market development in Kazakhstan? Attracting international brokers to local capital markets. Issues to consider
	• Oliver Hemsley, CEO, Numis Securities
15:30 – 15:50	Other ways of accessing funds
	• Alper Akdeniz, Territory Senior Partner for Central Asia and Caucasus, PricewaterhouseCoopers
15:50 – 16:10	Capital Markets Communications to support Central Asian IPOs - the challenges & opportunities
	• Mathew Hooper, Managing Partner, Shared Value
16:10 – 16:30	Coffee break

16:30 – 18:00	Session 4: Investment opportunities across Central Asia
	Moderator: Mark Fletcher, Partner, Emerging Economies Research
16:30 – 16:40	Foreign investors’ perspective on growth and investment opportunities in Central Asia
	• Mark Fletcher, Partner, Emerging Economies Research
16:40 – 17:00	Investment Opportunities in Central Asia and the Caucasus
	• Alisher Djumanov, Managing Partner of Ansher Fund Management
17:00 – 17:20	Improving corporate governance and transparency of state companies prior and after an IPO
	• Meiramkul Duzbayeva, Head of strategy and corporate governance department, Samruk Holding
17:20 – 17:40	Investment opportunities in the metals and mining sector – companies’ view
	• Marat Sarkytbayev, Managing Director, Shalkiya Zinc PLC
17:40 – 18:00	Retail and banking sectors – meeting growing market’s demand
	• Jyrki Talvitie, Chief Representative in Russia, East Capital International
18:00 – 18:15	Prospects for Real Estate Investment in Kazakhstan
	• Roger Holland, President, CB Richard Ellis - Kazakhstan

18:15 – 18:30	Coach transfer to the Esik Restaurant for a Gala Dinner

18:30 – 23:00	Evening reception and Gala Dinner hosted by JSC AIM

2 February, Friday (Ankara InterContinental Hotel):

Dual listings: present and future


08:00 – 09:30	Welcome coffee

09:30 – 11:30	Session 5: Do you need an IPO and are you ready for it?
	Moderator: Jon Edwards, Senior EMEA Manager, London Stock Exchange
09:30 – 09:50	An IPO roadmap – overview of the process, costs and benefits of listing
	• Alex Woodfield, Head of CIS Desk, Field Fisher Waterhouse • Jon Edwards, Senior EMEA Manager, London Stock Exchange
09:50 – 10:10	Tax implications of listing in the UK
	• Mark Schofield, International Tax Partner and UK Energy, Utilities and Mining Industry Tax Leader, PricewaterhouseCoopers LLP
10:10 – 10:30	Pre-IPO Steps for Companies
	• Slava Slavinskiy, Director, Investment Banking, Citigroup
10:30 – 10:50	An overview of capital market developments in Central Asia
	• Vladimir Savin, Chairman of the Board, Almaty Investment Management
10:50 – 11:10	Initial Public Offering: Halyk Bank Case
	• Dauren Karabayev, Director, Halyk Bank
11:10 – 11:30	Pilot domestic securitisation transactions under the new Kazakh Law on Securitisation
	• Timur Dzhankobaev, Deputy General Director, Halyk Finance
11:30 – 11:50	Coffee break

11:50 – 13:10	Session 6: Preparing a company for a dual IPO. What are the practical steps?
	Moderator: Courtney Fowler, Partner, Tax & Legal Services, PricewaterhouseCoopers
11:50 – 12:10	Continuing obligations of public companies – current regulation
	• Christine Phillips, Partner - Corporate Finance, Field Fisher Waterhouse
12:10 – 12:30	Listing Process: The role of the Reporting Accountant
	• Clifford Tompsett, Partner, London Capital Markets Group, PricewaterhouseCoopers LLP
12:30 – 12:50	The role of IR/PR in a successful IPO and post IPO process
	• Michael Guerin, Senior Vice President (Russia and CIS), Financial Dynamics
12:50 – 13:10	Restructuring, transparency and management improvement issues prior to an IPO. IPO alternatives
	• Artur Krivov, Partner, Private Equity Group
13:10 – 14:30	Lunch

14:30 – 16:10	Session 7: Post IPO experiences – releasing value
	Moderator: Oliver Hemsley, CEO, Numis Securities
14:30 – 14:50	Post IPO strategies – an overview
	• Oliver Hemsley, CEO, Numis Securities
14:50 – 15:10	Successful strategies to realise value or exit
	• James Sleeman, Director, Investment Banking, Citigroup
15:10 – 15:30	Benefits of dual IPO experience - KazMunaiGas E&P
	• Stefan Scholz, Managing Director, Visor Capital
15:30 – 15:50	Post IPO: Building a New Company From Scratch
	• Ole Udsen, Chief Operating Officer, Max Petroleum PLC
15:50 – 16:00	Raising capital through the secondary issue of DRs
	• Maral Amrina, Deputy Head, Investor Relations and Capital Markets, Kazkommertsbank
16:00 – 16:30	Coffee break

16:30 – 18:00	Session 8: Board and Investment Debate
	Moderator: Andrea Wine, Senior Partner, Head of Board Practice, Amrop Hever Group
16:30 – 16:40	Why do I need Independent Directors on the Board
	• Andrea Wine, Senior Partner, Head of Board Practice, Amrop Hever Group
16:40 – 16:50	Practical issues of Director’s and Officer’s liability during after public offering
	• Nick Foord-Kelcey, European D&O Practice Leader, Marsh Europe
16:50 – 17:00	Considerations regarding Board Composition and Board efficiency issues
	• Frederick Hodder, Independent Director, Baltic Oil Terminals plc and Timan Oil & Gas plc
17:00 – 17:10	Program for growth capitalisation
	• Dmitriy Shtykov, General Director, Fund "Institute of Professional Directors"
	Panel discussion involving speakers and panellists:
	• How much should management cost? • Public Offering of Securities Insurance • Board composition – how does it influence share price?
	• Nick Foord-Kelcey, European D&O Practice Leader, Marsh Europe • Peter Wullimann, Regional Vice President, AIG • Frederick Hodder, Independent Director, Baltic Oil Terminals plc and Timan Oil & Gas plc • Dmitriy Shtykov, General Director, Fund "Institute of Professional Directors" • Jyrki Talvitie, Chief Representative in Russia, East Capital International
17:30 – 18:00	Conference round up and conference resolution
	•Julian Mylchreest, Managing Director, Central and Eastern Europe, Middle East and Africa, Citigroup • Jon Edwards, Senior EMEA Manager, London Stock Exchange
	An unscripted summary of the key issues raised and discussed over the preceding two days to give the opportunity to delegates to contribute to these discussions, ask questions of the various speakers and also raise additional issues for general discussion amongst the panel or audience as a whole.
18:00 – 20:00	Cocktail reception hosted by FinLab