Igor Tsukanov═
President and CEO═

"Restructuring Russian Industry Panel"══
Second Annual Conference "Investing in Russia: Direct and Portfolio Investment Outlook for 1997"═
Organised by Dow Jones Telerate and Sachs Associates══
March 1997, New York═

"Financing Russian Industry. External and internal sources"═
Capital Markets of the Former Soviet Union═
Organised by the Adam Smith Institute══
July 1996, London═

"Impact of Election on Russian Financial Market"══
Round Table Investment and Elections in Russia═
Organized by the International Press Center and Club, Segodnya newspaper, and Nikoil Investment company══
June 1996, Moscow═

"Bringing Russian Companies to Market"═
Emerging Capital Markets in Russia: Mid-Year Update═
Organised by the Geonomics Institute══
July 1995, New York═
═

Peter Houlder═
Managing Director, Corporate Advisory═

"Russian Oil Companies. Financing Decisions"═
Marketisation of the FSU - Financing Oil and Gas Sector═
Organised by the Adam Smith Institute══
February 1996, Vienna═
═

Elizabeth Barrett═
Director, Consulting═

"Central Asian Refining Needs "═ Central Asian Republics Refining Roundtable═
Organised by World Refining Association══
28-29 April 1998, Istanbul═

"The Developing Structure of the CIS Oil and Gas Market"═ CIS Energy Forum═
Organised by the Adam Smith Institute══
June 1997, Vienna═

"Major oil and gas pipeline projects in the Caspian Region and Central Asian Republics"═
Oil and Gas Pipelines in the former Soviet Union═
Organised by the Adam Smith Institute══
February 1997, Vienna══

"The Caspian═ States, Ukraine and Belarus"══
The Refining Industry in the CIS═
Organised by the Adam Smith Institute══
December 1996, Vienna═
═

Lucien Dautresme═
Director, CentreInvest Securities Ltd. (UK)═

"Debt structuring: identifying and evaluating the measures that need to be taken in order to make a company a viable prospect for both foreign and domestic investors"═
The New Russia Forum══
Organised by the ICBI══
June 1997, Moscow═
═

Alexander Babian═
Managing Director, Equity═

"Situation on the Russian stock market and prospects of it's development"═
Russia/CIS Trade and Economic Forum═
Organised by the Council for Trade and Economic Cooperation══
December 1996, Miami══
═

Roman Leonov══
Lawyer═

"Development and Restructuring of Company▓s Group"═
Corporate Structures in Russia═
Organised by the Adam Smith Institute══
16-18 June 1998, Moscow═

"Operations of Russian residents on Western stock markets. Experience and regulations"═
Foreign Currency Regulation and Control═
Organised by the Adam Smith Institute══
October 1997, Moscow═
═

Dmitri Avkhimenko═
Deputy General Director - Consulting═

"Main Approaches to the Corporate Restructuring"═
Restructuring and Increase of Investment Attractiveness of Companies
Organised by Moscow Chamber of Industry and Commerce ══
2-3 June 1998, 1997, Moscow═

"Restructuring for Tax efficiency"═
Taxation For International Companies in Russia and the CIS═
Organised by the Adam Smith Institute══
October, 1997, Vienna═
═