LONDON and MOSCOW: URALSIB Capital, an independent full-service Russian investment bank, will hold an investor conference, Discovering growth opportunities beyond commodities - The other Russian Economy, in London and New York during the week of November 15.

The theme of the conference has been chosen to reflect the attractive growth prospects, and growing importance within the Russian economy, of non-resource sectors, such as telecoms, media and technology, consumer goods and retail, transport, electric utilities, real estate and financial services.

Investors have rightly recognised the attraction of Russia's abundant natural resources and of the companies involved in extracting, processing and distributing them.

URALSIB Capital, however, strongly believes that opportunities for profitable investment do not end at natural resources, and that other sectors of the Russian economy may offer higher quality, higher growth companies.

This conference will promote interaction between institutional investors and key decision makers at leading Russian companies in a series of one-on-one meetings and group discussions.

Companies confirmed for the conference include: Sitronics, Armada, IBS Group, X5, Pharmacy Chain 36.6, Razgulay Group, M.Video, Federal Grid Company, InterRAO, RusHydro and Aeroflot.

Mark Temkin, CEO of URALSIB Capital, said: "We believe that the non-resource sector offers a huge potential upside to investors looking to benefit from the ongoing recovery of the Russian economy. It benefits from a growing Russian middle class, increasing disposable incomes and resurgent GDP growth."

The London part of the conference will take place on November 15 and 16, followed by two days in New York on November 18 and 19.

Leading URALSIB Capital sector analysts will also be available for meetings during the conference.

For further information on the conference, go to http://www.theotherrussianeconomy.uralsibcap.ru

Notes to Editors:

About URALSIB Capital

URALSIB Capital is the investment banking arm of URALSIB Financial Corporation, one of Russia's largest and best-established financial services groups and a leading player in commercial banking, investment banking, asset management, private banking and leasing.

URALSIB Capital brings together deep knowledge of Russian capital markets with a presence in global financial centers including New York, London and Cyprus. This combination of local expertise and international distribution capabilities enables it to offer comprehensive financing solutions to its domestic and international clients.

The bank's fixed income offering includes research, underwriting, and sales and trading. It has extensive experience in ruble REPO transactions, and a market-leading position in the primary and secondary ruble bond markets, as well as being active in the euro bond market. URALSIB Capital is also a major participant in the development and trading of Russian derivatives.

    Media enquiries:

    URALSIB Capital
    Olga Zenkina
    Phone: +7(495)788-0888, ext. 3826
    Email: zenkinaoi@uralsib.ru

    Maitland
    Brian Cattell
    Phone: +44-20-7379-5151
    Email: bcattell@maitland.co.uk

SOURCE URALSIB Capital