CONFERENCE AGENDA

27 MARCH, THURSDAYAlmaty InterContinental Hotel

Session 1 | Session 2 | Session 3 | Session 4

* - awaiting confirmation

08:00 – 09:00	Delegate registration and welcome coffee
09:10 – 09:30	Keynote addresses:
09:10 – 09:15	Welcome address on behalf the Prime Minister of the Republic of Kazakhstan Arken Arystanov, Chairman, Regional Financial Centre of Almaty
09:15 – 09:30	Benefits of Listing on NYSE Euronext Martine Charbonnier, Executive Director, NYSE Euronext
09:30 – 11:15	Session 1: Sustaining economic development of Kazakhstan – the driving force of the Central Asia Moderators: Arken Arystanov, Chairman, Regional Financial Centre of Almaty and Martine Charbonnier, Executive Director, NYSE Euronext
09:30 – 09:45	Macroeconomic outlook for Kazakhstan and Central Asia: addressing inflationary pressures Danyar Akishev, Deputy Governor of the National Bank of Kazakhstan
09:45 – 10:00	The role of RFCA in facilitating economic and capital growth in Kazakhstan and Central Asian Region Arken Arystanov, Chairman, Regional Financial Centre of Almaty
10:00 – 10:15	The role and place of financial sector in sustaining economic development of Kazakhstan Azat Peruashev, Chairman, "Atameken" Union", National Economic Chamber of Kazakhstan
10:15 – 10:30	The role of the Investment Fund of Kazakhstan in economic diversification of the country Maksat Kabashev, Chairman of the Board, Investment Fund of Kazakhstan
10:30 – 10:45	How the international investors rate Kazakhstan's financial and economic stability in short to medium term? David Walker, Head of Investment Banking, Kazakhstan and Ukraine, Citigroup
10:45 – 11:00	Panel discussion
11:10 – 11:20	Break
11:30 – 12:30	Press briefing of the RFCA, NYSE Euronext and Kazakhstan stock exchange Venue: Astana 1 Conference Hall, Lower Ground Floor
11:20 – 13:00	Session 2: Financing growth of the Kazakhstan’s real economy sectors. Adjusting to global challenges Moderator: Felix Vulis, President, Eurasian Natural Resources Corporation (ENRC) Kazakhstan
11:20 – 11:35	Changing conditions in corporate financing. The global backdrop Davron Rustamkulov, Executive Director, Investment Banking Division, Morgan Stanley
11:35 – 11:50	Kazakhstan’s investment potential. Opportunities for growth for Metals & Mining companies Felix Vulis, President, Eurasian Natural Resources Corporation (ENRC) Kazakhstan
11:50 – 12:05	Financing Oil and Gas sector Zhannat Satubaldina, Executive Director Economy and Finance, KazMunaiGas
12:05 – 12:20	Investing pension funds in the industrial private-public projects in Kazakhstan Nurzhan Alimuhambetov, Deputy Chairman, Accumulating Pension Fund of Halyk Bank of Kazakhstan
12:20 – 12:35	The role of investment funds in industrial sector financing in Kazakhstan Kanat Musabaev, Chairman of the Board of Directors, Delta Invest Asset Management
12:35 – 12:50	Panel discussion
12:50 – 14:00	Lunch sponsored by Delta Invest Asset Management
14:00 – 15:45	Session 3: Capital market development in Kazakhstan Moderator: Idel Sabitov, First Vice-President, "Kazakhstan Stock Exchange"
14:00 – 14:15	Regulator’s strategies for improving capital market infrastructure Alina Aldambergen, Deputy Chairman, Agency for Regulation and Supervision of the Financial Market and Financial Organisations of Kazakhstan
14:15 – 14:30	New listing requirements on KASE. How can they stimulate new IPOs? Galina Tsalyuk, Head of Listing Department, Kazakhstan Stock Exchange
14:30 – 14:45	Improving market liquidity in Kazakhstan. Investor’s perspective Magzhan Auezov, Managing Director, Member of the Managing Board, Kazkommertsbank
14:45 – 15:00	New opportunities for PPP-based investment funds in Kazakhstan Nurbek Raev, Chairman of the Board, National Innovation Fund
15:00 – 15:15	Greener Kazakhstan: Financing & Technology for the Environmental Sustainable Development Program Artur Krivov, Partner, Private Equity Group
15:15 – 15:30	Increasing role of institutional and portfolio investors in Central Asian M&A activities Alisher Djumanov, Managing Partner, Eurasia Capital Management
15:30 – 15:45	Panel discussion
15:45 – 16:00	Break
16:00 – 18:00	Session 4: Listing Kazakh securities on the global capital markets. Trends and opportunities Moderator: Mukhit Amirbekov, Chairman, JSC "Centras Securities"
16:00 – 16:15	How did the new Kazakh securities trade in the 2007? What is the IPO mandate for 2008/9? Mukhit Amirbekov, Chairman, Centras Securities
16:15 – 16:30	What impact may the global credit crunch have on new IPOs from Kazakhstan? Stefan Scholz, Managing Director, Visor Capital
16:30 – 16:45	NYSE Euronext/The European Platform: similarities, differences and advantages over competitors Aaron Goldstein, Head of CIS Business Development, International Listings, NYSE Euronext
16:45 – 17:00	Accessing the US Capital Markets: US listings and Private Placements Allen Hanen, Managing Partner, Herbert Smith CIS
17:00 – 17:15	Getting prepared the company for international listing. Practical aspects Galina Shilina, Director, Transaction Support group, Ernst & Young
17:15 – 17:30	Overview of the Depositary Receipt Market in Kazakhstan Graham Marshall, Vice President, Depositary Receipt Business Development, CIS Region, The Bank of New York Mellon
17:30 – 17:45	Selection of listing platform - decision tree Reinout Koopmans, Managing Director, Co-Head of ECM CEEMEA, DB Group Services (UK)
17:45 – 18:00	Corporate development through the NYSE listing Andrey Terebenin, Vice President "Mobile TeleSystems"
18:00 - 18:15	Panel discussion
18:15 – 21:00	Drinks reception

28 MARCH, FRIDAYAlmaty InterContinental Hotel

Session 5 | Session 6 | Session 7 | Session 8

* - awaiting confirmation

08:30 – 09:30	Welcome coffee
09:30 – 11:15	Session 5: Kazakhstan: assessing investment climate and risks Moderator: Galina Shilina, Director, Transaction Support group, Ernst & Young
09:30 – 09:45	What impact the global credit crunch had on the investment climate in Kazakhstan? Mirlan Tashmetov, Managing Director, Centras Securities
09:45 – 10:00	The Kazakh government's creditworthiness: a ratings agency assessment Ben Faulks, Associate Director, Sovereign Ratings, Standard & Poor's
10:00 – 10:15	Current Tax Environment in Kazakhstan Jahangir Juraev, Senior Manager, Tax & Legal Services, Ernst & Young
10:15 – 10:30	Is there an American appetite for Kazakhstan's listed and unlisted securities? Stuart Schaag, Head, US Commercial Services in Kazakhstan
10:30 – 10:45	Raising capital on the global markets. Do the companies understand the risks? Peter Semler, Editor-at-large, DealReporter (Mergermarket/Financial Times Group)
10:45 – 11:00	Panel discussion
11:00 – 11:20	Break
11:20 – 13:05	Session 6: Financing infrastructure projects in Kazakhstan Moderator: Stephen Wermert, Country Director, Asian Development Bank
11:20 – 11:35	Opportunities for Private Public Partnerships in Kazakhstan Bakhyt Sultanov, Minister of Economic Affairs and Budget Planning of Kazakhstan
11:35 – 11:50	The role of active and passive capital in the PPP market in Kazakhstan as an alternative to Government Finance? Stephen Wermert, Country Director, Asian Development Bank
11:50 – 12:05	What are the opportunities for private sector in the government run infrastructure projects? Dastan Mukashev, Deputy Director, Corporate Finance Department, Kazakhstan Holding for Management of State Assets "Samruk"
12:05 – 12:20	Raising private capital for Kazakhstan’s infrastructure concession projects. Example of Mangystau region Ruslan Meyrkhanov, Chairman of the Board, "Mangystau" Investment Company
12:20 – 12:35	Public Private Partnership development strategies in Kazakhstan Saken Sagintaev, Deputy Chairman, Social-Enterprising Corporation "Tobol"
12:35 – 12:50	Panel discussion
12:50 – 14:00	Lunch
14:00 – 15:30	Session 7: Sustainability of the banking and financial sectors in Kazakhstan Moderator: * (awaiting confirmation)
14:00 – 14:15	Kazakh banking sector funding needs. New instruments and costs of borrowing Timur Kunanbayev, Vice President, Head of Kazakhstan Investment Banking, JPMorgan
14:15 – 14:30	Strengthening Kazakhstan’s financial sector. The role of EBRD André Küüsvek, Director Kazakhstan, European Bank for Reconstruction and Development
14:30 – 14:45	Is the crisis of the Kazakhstan banking sector over? Turnaround management Danyar Nurskenov, Managing Director, Capital Markets, Nurbank
14:45 – 15:00	Private equity funding of small to mid-cap companies in Central Asia vs Bank Lending Talgat Kukenov, Managing Partner, Aureos Kazakhstan Advisers
15:00 – 15:15	Investing in second and third-tier stocks in Kazakhstan and CIS Jyrki Talvitie, Head of CIS office, East Capital International AB
15:15 – 15:30	Panel discussion
15:30 – 15:45	Break
15:45 – 17:15	Session 8: Impact of global credit crunch on the Kazakhstan’s real estate finance Moderator: Aaron Goldstein, Head of CIS Business Development, NYSE Euronext
15:45 – 16:00	The role of savings system in stabilisation of the property market in Kazakhstan Maulen Utegulov, Deputy Chairman of the Board, Zhilstroysberbank
16:00 – 16:15	Overview of the real estate financial market in Kazakhstan. What are the costs of capital available to developers? How will the developers finance their ongoing and future projects? Yerlan Yeszhanov, General Director, American Appraisal
16:15 – 16:30	NYSE Euronext/Raising Capital for Real Estate on International Markets. What must companies do to achieve a successful listing? Aaron Goldstein, Head of CIS Business Development, International Listings, NYSE Euronext
16:30 – 16:45	What companies must do to achieve successful listing? William Stott, Chief Operating Officer, Chagala Group
16:45 – 17:00	Panel discussion
17:00 – 17:15	Closing remarks by the conference organisers
17:15 – 19:00	Drinks reception