Annual Meeting 2008

U.S.-Russia Business Council 16th Annual Meeting October 6-7, 2008 Four Seasons Hotel Washington, DC Gala Dinner at the Newseum

Американо-Российский Деловой Совет 16-е Ежегодное Заседание 6-7 октября, 2008 г. Гoстиница «Four Seasons», Вашингтон Торжественный ужин в “Музее Hовостей”

The U.S.-Russia Relationship in Transition

Российско-Американские отношения в период перемен

U.S.-Russia Business Council 16th Annual Meeting The U.S.-Russia Relationship in Transition October 6-7, 2008 Agenda

SUNDAY, OCTOBER 5 8:30pm

Dessert Reception Welcoming RF Ambassador Sergey Kislyak Rooftop Terrace, Hay Adams Hotel

MONDAY, OCTOBER 6 8:30am

Board of Directors Meeting

9:00am

Registration Opens / Continental Breakfast

12:002:00pm

Opening Luncheon Welcoming Remarks Edward S. Verona, President and CEO, U.S.-Russia Business Council E. Neville Isdell, Chairman, The Coca-Cola Company Keynote Address William J. Burns, Under Secretary for Political Affairs, U.S. Department of State

Corcoran Ballroom Salon A&B

U.S.-Russia Relations under Obama or McCain How will U.S. policy toward Russia differ in a McCain or Obama Administration? What would be the policy priorities vis-à-vis Russia and how will the newly-created Economic Dialogue evolve? Should shared interests or values take precedence in the bilateral relationship? Senior advisors to both presidential candidates answer these and other questions in a preview of U.S.Russia relations in the next Administration.

Moderator: Jill Dougherty, U.S. Affairs Editor, CNN International • Stephen Biegun, Foreign Policy Advisor, John McCain Presidential Campaign • Celeste Wallander, Foreign Policy Advisor, Barack Obama Presidential Campaign

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2:15-3:15pm CFIUS and the Strategic Sectors Law: Roadblocks or Welcome Signs?

What impact will Russia’s Strategic Sectors law have on foreign investment and Corcoran overall economic growth? Does the law create clear rules of the game for Ballroom investors, or is there still room for arbitrary application? Has U.S. policy on Salon A&B foreign investment changed with the new CFIUS review process created by the Congress? Government and industry insiders will provide candid assessments of the new laws, the track record to date and the laws’ likely future impact on foreign investment.

Moderator: Amb. Stuart Eizenstat, Partner, Covington & Burling, LLP • Nova Daly, Deputy Assistant Secretary for Investment Security and Policy, U.S. Department of the Treasury • Scott Morris, Senior Economist, Committee on Financial Services, U.S. House of Representatives • Natalia Moskaleva, Deputy Director, Legal Department, Ministry of Industry and Trade of the Russian Federation 3:15-3:30pm Coffee Break 3:45–4:45pm Assessing Medvedev’s Presidency at Six Months How has President Medvedev begun to realize the ambitious plans that were laid Corcoran out after his election, such as battling corruption and developing small- and Ballroom medium-sized enterprises? What are the implications of power-sharing in the Salon A&B new Russian government structure for Russia’s economic policy, and what does this mean from a company government relations perspective? A panel of experts evaluate the first six months of Medvedev’s Kremlin and Putin’s White House.

Moderator: Toby Gati, Senior International Advisor, Akin Gump Strauss Hauer & Feld LLP • Leon Aron, Resident Scholar and Director of Russian Studies, American Enterprise Institute • Fyodor Lukyanov, Editor, Russia in Global Affairs • Margarita Simonyan, Editor-in-Chief, Russia Today

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CONCURRENT BREAKOUT SESSIONS 4:45 – 5:45pm Corcoran Ballroom Salon A&B

Creating Growth-Sustaining Infrastructure in Russia Continuing Russia’s spectacular economic growth and spreading it to the regions will depend in large part on the development of the country’s infrastructure. How will the government utilize the funds that are being earmarked for infrastructure development and what will be the role of public-private partnerships? How applicable to Russia are other international models for attracting and sustaining foreign direct investment and spurring export growth? Russian government officials and industry representatives from a variety of sectors (agriculture, hightechnology, services and manufacturing) engage in a discussion vital to Russia’s continued growth.

Moderator: Robert Droogleever, General Director CIS/Mongolia, Caterpillar • Sidney W. Bardwell, General Manager, John Deere Ag Holdings—Russia • Evgeny A. Fedorov, Chairman, State Duma Committee on Economic Policy and Entrepreneurship • Elvira Maymina, Chairman of the Board, Gazinvestbank • Evgeny Trusov, Partner, Transaction Advisory Services, Ernst & Young

4:45 – 5:45pm Dumbarton Room

Reviewing Current Economic Fundamentals: Russia’s Policy Choices At a time when wage growth continues to outstrip productivity, inflation remains high and infrastructure constraints are becoming acute, what should be the priority policies of the Russian government? In this time of illiquidity internationally and domestically, is overheating still a concern? Is the high pace of capacity utilization straining production? What economic structural reforms are needed to keep Russia a viable destination for foreign investment? Should the government’s emphasis be on fighting inflation or encouraging growth?

Respected analysts review the interplay of key economic indicators in Russia today and offer possible prescriptions.

Moderator: Roger Munnings, Chairman and CEO, KPMG, Russia/CIS • Evgeny Gavrilenkov, Chief Economist, Troika Dialog Group • Poul Thomsen, Deputy Director, European Department, International Monetary Fund

6:15pm

BUSES DEPART FOUR SEASONS HOTEL FOR NEWSEUM Buses will depart from Pennsylvania Avenue in front of the hotel.

6:30-10:30pm USRBC Gala Dinner at The Newseum 555 Pennsylvania Avenue, NW Washington, DC Welcome Toast: Michael White, Chairman and CEO, PepsiCo International Keynote Address John R. Beyrle, U.S. Ambassador to the Russian Federation

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TUESDAY, OCTOBER 7 8:00am

Continental Breakfast

8:30-8:45am Keynote Address Alexei Mordashov, Chief Executive Officer, SeverStal Corcoran Introduction by The Honorable Phil Bryant, Lieutenant Governor, State of Ballroom Mississippi Salon A&B 9:00-10:00am Energy’s Role in Russia’s Future As Russia seeks to diversify its economy, what does that mean for the energy Corcoran sector? With production leveling off, can oil and gas continue to be a driver of Ballroom economic growth? Will new limits on foreign participation in the sector impact Salon A&B its development? Will the energy sector get the tax relief it needs to spur new investment? What opportunities exist for Russian companies in the U.S. energy market? A distinguished panel of industry leaders evaluates the current energy environment in Russia and the potential for greater bilateral cooperation in the sector.

Moderator: Matthew Sagers, Senior Director, Energy Economics, Eurasia and Eastern Europe, Cambridge Energy Research Associates • John Hattenberger, President and Managing Director, Gazprom Marketing & Trading USA, Inc. • Darren Jones, President, Global Gas, Strategic Planning and Business Development, ConocoPhillips • Edward Morse, Chief Economist, Lehman Brothers • Peter J. Robertson, Vice Chairman of the Board, Chevron Corporation

10:0010:15am Corcoran Ballroom Salon A&B

Keynote Address Alexander Torshin, First Deputy Chairman, Federation Council of the Russian Federation Introduction by Oleg Kalinskiy, Chairman of the Board of Directors, Alcoa Metallurg Rus, and Director for Corporate Affairs, Alcoa Russia

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10:1511:15am Corcoran Ballroom Salon A&B

Developing an Innovation Economy How can Russia encourage greater innovation in its economy? What steps has Russia taken to date and what structural and administrative incentives are still necessary for the development of knowledge-based industries in IT, aerospace, bio-tech, and even oil and gas in Russia? How does Russia’s interest in national champions intersect with its innovation economy objectives? Do Russian hightechnology companies have the flexibility to be competitive globally? What lessons from the development of other innovative economies are pertinent to Russia in achieving success? Officials from the public and private sectors will explore the commercial and policy incentives needed to move the Russian economy beyond its current resource-based focus.

Moderator: Greg Slater, Global Director of Trade Policy, Intel Corporation • James Class, Assistant Vice President, International Affairs, Europe, The Pharmaceutical Research and Manufacturers of America (PhRMA) • Ilya Ponomarev, Member, Committee on Information Policy, Technology and Communications, State Duma of the Russian Federation • Travis Sullivan, Managing Director, Geopolitical and Policy Analysis, The Boeing Company • Patrick Van De Coevering, U.S. Representative, MUH Vision

11:1511:30am

Coffee Break

11:30am -12:30pm

The State of Russia’s Financial Services Industry How competitive is the financial services market in Russia? What are the areas of the greatest growth potential in the sector? How has the global financial crisis affected Russia’s markets? What steps must Russia take to realize President Medvedev’s goal of becoming a world financial center? Is such a scenario realistic? Financial experts assess the state of Russia’s financial services industry and trends on the horizon.

Corcoran Ballroom Salon A&B

Moderator: Bernard Sucher, Head of Russia Global Markets, OOO Merrill Lynch Securities • Anatoly Aksakov, President, Association of Regional Banks of Russia; Member, Committee on Financial Markets, State Duma of the Russian Federation • Mark T. Robinson, President, Citibank Russia • Charles Ryan, Chairman, ZAO Deutsche Securities 12:45-2:00pm Closing Luncheon Keynote Address Corcoran Robert W. Dudley, President and CEO, TNK-BP Ballroom Salon A&B

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U.S.-Russia Business Council 16th Annual Meeting

The U.S.-Russia Relationship in Transition October 6-7, 2008 Four Seasons Hotel Washington, DC

Participants List Tiffany Atwell

Abbott Laboratories

Denise Carlson

Abbott Laboratories

Peter Thoren

Access Industries

L. Scott Foushee

AIG Capital Partners, Inc.

Tom Johnson

Air Products and Chemicals, Inc.

Toby Gati

Akin Gump Strauss Hauer & Feld LLP

Julia Steyn

Alcoa

Oleg Kalinskiy

Alcoa

Vladimir Senin

Alfa-Bank

Amb. Richard Holwill

Alticor, Inc.

Amb. Gil Robinson

American Chamber of Commerce in Russia

Leon Aron

American Enterprise Institute

Amb. Frank Wisner

American International Group, Inc.

Paul Moen

Amgen, Inc.

Arthur Hartman

APCO Worldwide

Charles Krause

APCO Worldwide

Amb. A. Elizabeth Jones

APCO Worldwide

Anatoly Aksakov

Association of Regional Banks of Russia

Daniel Satinsky

B.E.A. Associates, Inc.

Arthur George

Baker & McKenzie

Richard Dean

Baker & McKenzie

Sergei Kotov

The Bank of New York Mellon

Celeste Wallander

Barack Obama Presidential Campaign

Terrence English

Baring Vostok Capital Partners

Mikhail Gurfinkel

Basic Element

Ian Smith

Bentley Systems

Gail Morin

Black & Decker

Bob Germinder

Black & Veatch Corporation

Oren Gruber

Black & Veatch Corporation

Vladimir Kantor

Black & Veatch Corporation

Paul Weida

Black & Veatch Corporation

Theodore Austell, III

The Boeing Company

Gregory S. Dole

The Boeing Company

Travis Sullivan

The Boeing Company

Boris Komarov

BoKom, Ltd Interconsulting

Richard A. Herold

BP America Inc.

Vassili Touline

Brennan, Manna & Diamond, LLC

Matthew Sagers

Cambridge Energy Research Associates

Amb. James F. Collins

Carnegie Endowment for International Peace

Viacheslav Tabachnikov

Cassidy & Associates CIS Limited

Robert Droogleever

Caterpillar CIS

William Beddow

Caterpillar Inc.

Jan Kalicki

Chevron Corporation

Ian MacDonald

Chevron Corporation

Peter Robertson

Chevron Corporation

Diana Sedney

Chevron Corporation

Scott Blacklin

Cisco Systems, Inc.

Ned Cabot

Cisco Systems, Inc.

Charles Johnston

Citi, Inc.

Nataly Nikolaeva

Citi Russia & CIS

Mark Robinson

Citi Russia & CIS

Jill Dougherty

CNN International

Michael Goltzman

The Coca-Cola Company

Janet Howard

The Coca-Cola Company

E. Neville Isdell

The Coca-Cola Company

Ingrid Henick

The Cohen Group

Christine Loomis

Coleman & Company

Darren Jones

ConocoPhillips

M. Kay Larcom

ConocoPhillips

Alexander Torshin

Federation Council of the Russian Federation

Igor Matveev

Federation Council of the Russian Federation

Amb. Stuart Eizenstat

Covington & Burling, LLP

Andrew Kuchins

Center for Strategic and International Studies

Patricia Cloherty

Delta Private Equity Partners

Robert C. Odle, Jr.

Delta Private Equity Partners

Lana Ekimoff

Department of Energy

Anne L. Phillips

Department of Energy

Charles Ryan

Deutsche Bank Russia

Robert Williams

DHL International

Ana Metghalchi

The Dow Chemical Company

David Talbot

Eli Lilly and Company

Timur Avdeenko

EMAlliance

Amb. Sergey Kislyak

Embassy of the Russian Federation

Maria Afanasieve

Embassy of the Russian Federation

Alexander Bratchikov

Embassy of the Russian Federation

Alexander Darchiev

Embassy of the Russian Federation

Alexander Ivashchenko

Embassy of the Russian Federation

Vladimir Rybachenkov

Embassy of the Russian Federation

Aleksey Shishayev

Embassy of the Russian Federation

Natalia Kirillova

Emerging Markets Communications

Oksana Makarova

Emerging Markets Communications

Lucian Pugliaresi

Energy Policy Research Foundation, Inc.

Evgeny Trusov

Ernst & Young LLP

Karl Johansson

Ernst & Young LLP

Horton Beebe-Center

Eurasia Foundation

Kaarina Koskenalusta

The Executives' Club of Chicago

David P. Bailey

Exxon Mobil Corporation

Neil W. Duffin

Exxon Mobil Development Corporation

David Short

FedEx Express

Thomas Deters

First International Resources

Philip M. Vaughan

Fluor Corporation

Simonetta B. Verdi

Ford Motor Company

Michael Sheridan

Ford Motor Company

Lisa Tresigne-King

Ford Motor Company

Valeriy Egozaryan

Gazinvestbank

Elvira Maymina

Gazinvestbank

John Hattenberger

Gazprom Marketing & Trading USA, Inc.

Chris Gubbey

General Motors CIS

John Tedstrom

Global Business Coalition on HIV/AIDS, Tuberculosis and Malaria

Ralph Gerson

Guardian Industries Corporation

Scott Eversman

Heidrick & Struggles

Owen Kemp

Hewlett Packard

Amb. Thomas Pickering

Hills & Co.

Peter Pettibone

Hogan & Hartson LLP

Judith Kipper

Institute of World Affairs

Gregory S. Slater

Intel Corporation

Poul Thomsen

International Monetary Fund

Carleton Cato Ealy

International Paper

Mary Mann

International Paper

Ann Wrobleski

International Paper

Gilles Dryancour

John Deere

John Rauber

John Deere

Mara Sovey

John Deere

Sid Bardwell

John Deere Ag Holdings - Russia

Andrey Marinov

John Deere Ag Holdings - Russia

Stephen Biegun

John McCain Presidential Campaign

Vladimir Lechtman

Jones Day

James Brooke

Jones Lang LaSalle

Jeffrey Costello

J.P. Morgan Chase Bank

Jeffrey Hirschberg

Kalorama Partners, LLC

Joseph Dresen

Kennan Institute

Paul Cohen

Ketchum

Charles Dolan

Ketchum

Kathy Jeavons

Ketchum

Lauren Levinson

Ketchum

Thomas Wilson

Ketchum

Matt Stearns

Ketchum

Terry Baugh

Kidsave International

Tatiana Stafford

Kidsave International

Roger Munnings

KPMG Russia

Eugene Lawson

Lawson International, Inc.

Edward Morse

Lehman Brothers

Nikolay Illarionov

Lukoil

Maria Moshkova

Marriott Hotels and Resorts

Amb. Richard Burt

McLarty Associates

Trevor Gunn

Medtronic, Inc.

Janelle Thibau

Merrill Lynch & Co., Inc.

Bernard Sucher

OOO Merrill Lynch Securities

Dorothy Dwoskin

Microsoft

Birger Steen

Microsoft Russia

Natalia Moskaleva

Ministry of Industry and Trade of the Russian Federation

Jason Jarrell

Mmd Corporate and Public Affairs

Jodi Hanson Bond

Motorola

Teresa O'Connor

Motorola

Maria Tascheva

Motorola

Eduard Lapin

MUH Vision

Patrick van de Couvering

MUH Vision

Mark Levin

NCSJ

Janine Ellison

National Security Council

James Symington

Nossaman, LLP/O'Connor & Hannan

Betsy Hafner

Office of the U.S. Trade Representative

Boris Kornilov

Partnership for International Business Development

Blake Marshall

The PBN Company

Susan Thurman

The PBN Company

Elizabeth Avery

PepsiCo International

Daniel Bryant

PepsiCo International

Stephen Kehoe

PepsiCo International

Michael White

PepsiCo International

Elena Herold

PFC Energy

Marat Murtazin

Pfizer, Inc.

Stephanie Henning

Pfizer, Inc.

James Class

The Pharmaceutical Research and Manufacturers of America (PhRMA)

Richard Paterson

PricewaterhouseCoopers

Carolyn Brehm

Procter & Gamble

Scott Miller

Procter & Gamble

Nigel Sutton

Raytheon International, Inc

Jeff Farnquist

Raytheon International, Inc

Jay Haft

Renova Group

Olga Miller

Renova Group

Stephen Noerper

Renova Group

Wayne Lord

Robinson College of Business, Georgia State University

Stephen Benson

rOOm TV

Vladislav Chernov

ROSNANO

Fyodor Lukyanov

Russia in Global Affairs

Dmitry Beskurnikov

The Russian Federation Chamber of Commerce and Industry in the U.S.A.

Robert Bowie

Russian Mindsets Consultancies

Randy Bregman

Salans

James Hrusovsky

SeverCorr

Alexei Mordashov

SeverStal

Jaap Otte

Smithsonian Institution

Katie Ziglar

Smithsonian Institution

Sarah Carey

Squire, Sanders & Dempsey, LLP

Kim Jenkins

Squire, Sanders & Dempsey, LLP

Shanker Singham

Squire, Sanders & Dempsey, LLP

Evgeny Fedorov

The State Duma of the Russian Federation

Tatiana Finogenova

The State Duma of Russian Federation

Ilya Ponomarev

The State Duma of Russian Federation

Philip Bryant

The State of Mississippi

Mick Bullock

The State of Mississippi

Kathryn Hauser

Transatlantic Dialogue

Robert W. Dudley

TNK-BP

Shawn McCormick

TNK-BP

Matthew Murray

TNK-BP

Dmitry Babakhin

Trade Representation of the Russian Federation in the USA

Andrey Dolgorukov

Trade Representation of the Russian Federation in the USA

Evgeny Gavrilenkov

Troika Dialog

Jack Brougher

U.S. Department of Commerce

Matthew Edwards

U.S. Department of Commerce

Jay Thompson

U.S. Department of Commerce

Amb. William J. Burns

U.S. Department of State

Steedman Hinckley

U.S. Department of State

Ian Kelly

U.S. Department of State

Jules Frank Mermoud

U.S. Department of State

Kim Tuminaro

U.S. Department of State

Sam Watson

U.S. Department of State

Nova Daly

U.S. Department of the Treasury

Amb. John R. Beyrle

U.S. Embassy

Beryl Blecher

U.S. Embassy

Scott Morris

U.S. House of Representatives

Amanda Sloat

U.S. House of Representatives

Angela Ellard

U.S. House of Representatives

David Thomas

U.S. House of Representatives

Jeff Barnett

U.S.-Russia Business Council

Jo Bottalico

U.S.-Russia Business Council

Keith Bush

U.S.-Russia Business Council

Maryia Dauhuliova

U.S.-Russia Business Council

Julia Kulagina

U.S.-Russia Business Council

Ilya Kuperman

U.S.-Russia Business Council

Randi Levinas

U.S.-Russia Business Council

Svetlana Minjack

U.S.-Russia Business Council

Kellen Moriarty

U.S.-Russia Business Council

David Morrow

U.S.-Russia Business Council

Candice Pareshnev

U.S.-Russia Business Council

Vlad Prokopov

U.S.-Russia Business Council

Lucy Rojansky

U.S.-Russia Business Council

Emily Stromquist

U.S.-Russia Business Council

Edward S. Verona

U.S.-Russia Business Council

Ilia Mitelman

URSA Bank

Dmitry Vishnyakov

Visa Inc.

John Barry

Visa Inc.

Lisa Nelson

Visa Inc.

Alexander Danilov

Vnesheconombank

Yury Makushin

Vnesheconombank

Mark Petzinger

Wal-Mart International

Richard Coyle

Wal-Mart Stores, Inc.

Eileen Bradner

Wiley Rein LLP

Bill Robinson

William T Robinson PLLC

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16 Annual Meeting

Speaker Profiles

Anatoly G. Aksakov Deputy Chairman, Committee on Credit Organizations and Financial Markets State Duma of the Russian Federation Anatoly G. Aksakov is Deputy Chairman of the State Duma Committee on Credit Organizations and Financial Markets and is Chairman of the Association of Russian Regional Banks. He has been a member of the State Duma since 1999, and previously served as Deputy Chairman of the Committee on Economic Policy and Entrepreneurship.

Prior to joining the State Duma, Mr. Aksakov was Minister of Economic Affairs for the Chuvash Republic. He was Deputy Director of the Institute of Economics, Finance and Law from 1994 to 1997, and from 1986 to 1994 he was a lecturer at Chuvash State University Mr. Aksakov holds graduate and post-graduate degrees in Economics from Moscow State University.

Leon Aron Resident Scholar and Director of Russian Studies American Enterprise Institute Leon Aron is Resident Scholar and Director of Russian Studies at the American Enterprise Institute (AEI). He has contributed numerous articles on Russian affairs to newspapers and magazines, including the New York Times, the Wall Street Journal, and The New Republic.

He also writes Russian Outlook, AEI’s quarterly essay on the economic, political, social, and cultural aspects of Russia’s post-Soviet transition.

Mr. Aron was a weekly contributor to the Voice of America program Gliadia iz Ameriki from 1990 until 2004. He was an Adjunct Professor at Georgetown University in 1994-96, and was Senior Policy Analyst at the Heritage Foundation from 1987 to 1992. Prior to this, Mr. Aron was Senior Project Director at the Newspaper Advertising Bureau, Inc. from 1984 to 1987.

Mr. Aron holds a B.A. from Moscow State Pedagogical Institute, an M.A. in Media Sociology from Columbia University and a Ph.D. in Political Sociology from Columbia University.

Sidney Bardwell General Manager John Deere Ag Holdings—Russia Sidney Bardwell has been the General Manager of Deere’s Russian agricultural operations since 2004 and has helped oversee growth of the region into one of Deere’s top agricultural equipment markets in the world. Deere’s operations in Russia include a sales organization, a parts and logistics center in the Moscow area to serve the sales group, and a manufacturing facility in Orenburg for seeders and tillage equipment.

Mr. Bardwell has been with John Deere since 1989. Prior to his position in Russia, he held numerous positions in Asia, Europe and North America in both the agricultural and grounds

care divisions, including: Factory Marketing Manager, Region Sales Manager, Grounds Care Order and Logistics Manager–Europe, Manager Grounds Care Marketing Asia & Latin America, and Agricultural Territory Manager Japan, Korea, & Taiwan.

Mr. Bardwell has a B.A. from the University of Iowa and an M.B.A. from Cornell University.

John R. Beyrle U.S. Ambassador to the Russian Federation John R. Beyrle was nominated as U.S. Ambassador to Russia by President George W. Bush on May 13, 2008, and confirmed by the Senate on June 27, 2008. Previously, he was Ambassador to Bulgaria from 2005 to 2008. A career officer in the Senior Foreign Service with the rank of Minister-Counselor, Ambassador Beyrle has held policy positions and foreign assignments with an emphasis on U.S. relations with Central and Eastern Europe, Russia and the USSR since joining the State Department in 1983.

Ambassador Beyrle’s overseas service has included two previous tours at the U.S. Embassy in Moscow, including as Deputy Chief of Mission. Other overseas assignments include Counselor for Political and Economic Affairs at the U.S. Embassy in the Czech Republic and member of the U.S. Delegation to the Conventional Forces in Europe (CFE) Negotiations in Vienna. Washington assignments include Acting Special Adviser to the Secretary of State for the New Independent States and Director for Russian, Ukrainian and Eurasian Affairs at the National Security Council. Ambassador Beyrle served as a staff officer to Secretaries of State George Shultz and James Baker, and as a Pearson Fellow and foreign policy adviser to the late Senator Paul Simon.

Ambassador Beyrle received a B.A. from Grand Valley State University and an M.S. from the National War College, where he later taught as a Visiting Professor of National Security Studies.

Stephen E. Biegun Foreign Policy Advisor John McCain Presidential Campaign Stephen E. Biegun is a Foreign Policy Advisor to the John McCain Presidential Campaign.

He has been a corporate officer and Vice President of International Governmental Affairs for Ford Motor Company since 2004. In this new role for Ford, he oversees all aspects of Ford’s international governmental affairs.

Prior to joining Ford, Mr. Biegun served as National Security Advisor to Senate Majority Leader Senator Bill Frist, M.D. In this capacity, he provided analysis and strategic planning for the Senate’s consideration of foreign policy, defense and intelligence matters, and international trade agreements. Before joining the staff of the Majority Leader, Mr. Biegun worked in the White House from 2001-03 as Executive Secretary of the National Security Council. In this role, he served as a senior staff member to the National Security Advisor, Condoleezza Rice, and performed the function of chief operating officer for the National Security Council.

Prior to joining the White House staff, Mr. Biegun served for 13 years as a Foreign Policy Advisor to members of both the House of Representatives and the United States Senate.

During this time, he also held the position of Chief of Staff of the United States Senate Committee on Foreign Relations from 1999-2000, and the Committee’s Senior Professional Staff Member for European Affairs from 1994-98. In addition, Mr. Biegun served as a Staff Member of the United States House of Representatives Committee on Foreign Affairs for six years. In this role, he was responsible for the foreign assistance budget, trade policy and European affairs.

From 1992-94, Mr. Biegun served as the Resident Director in the Russian Federation for the International Republican Institute, a democracy-building organization established under the National Endowment for Democracy.

Mr. Biegun graduated from the University of Michigan, where he studied Political Science and Russian Language.

The Honorable Phil Bryant Lieutenant Governor State of Mississippi Phil Bryant was elected Lieutenant Governor of Mississippi in 2007. Prior to this position, he was appointed State Auditor in 1996, won re-election in 1999 and ran without opposition in 2003.

Earlier, Lieutenant Governor Bryant served five years as a member of the Mississippi House of Representatives, where he was Vice Chairman of the Insurance Committee and authored the Capital Gains Tax Cut Act of 1994. Lieutenant Governor Bryant has also served on the Executive Committee of the National Association of State Auditors.

Lieutenant Governor Bryant earned his Bachelor’s Degree in Criminal Justice from the University of Southern Mississippi and a Master’s Degree in Political Science from Mississippi College.

William J. Burns Under Secretary for Political Affairs U.S. Department of State William J. Burns was appointed Under Secretary for Political Affairs, the highest career position in the State Department, in May 2008. Prior to this appointment, Ambassador Burns served as U.S. Ambassador to the Russian Federation from July 2005. He was Assistant Secretary of State for Near Eastern Affairs from 2001 until 2005, and Ambassador to Jordan from 1998 until 2001.

Ambassador Burns is a career member of the Senior Foreign Service, with the rank of Career Minister. Since entering the Foreign Service in 1982, he has served in a number of posts in Washington and overseas. These include Political Officer at the Embassy in Amman, Jordan; staff positions in the Bureau of Near Eastern Affairs and the Office of the Deputy Secretary of State; Special Assistant to the President and Senior Director for Near East and South Asian

Affairs at the National Security Council; Acting Director and Principal Deputy Director of the State Department’s Policy Planning Staff; Minister-Counselor for Political Affairs at the Embassy in Moscow; Executive Secretary of the State Department and Special Assistant to the Secretary of State; and Ambassador to the Hashemite Kingdom of Jordan.

Ambassador Burns earned a B.A. in History from LaSalle University and M.Phil. and D.Phil. degrees in International Relations from Oxford University, where he studied as a Marshall Scholar. He was also awarded an honorary Doctor of Laws degree by LaSalle University.

James N. Class Assistant Vice President of International Affairs Pharmaceutical Research and Manufacturers of America (PhRMA) James Class is Assistant Vice President of International Affairs at the Pharmaceutical Research and Manufacturers of America (PhRMA), the main trade association for the research-based pharmaceutical industry in the U.S. He is currently responsible for PhRMA’s trade policy in East Europe, Russia and Turkey and deals with a variety of intellectual property issues, including biosimilars, anti-counterfeiting and regulatory data protection.

Prior to 2007, Mr. Class was liaison to anti-counterfeiting groups and the Executive Director of the U.S.-based Partnership for Safe Medicines. In early 2005, he coordinated the establishment of the first direct-to-consumer email alert service on counterfeit drugs, which recently has been integrated into the FDA’s Counterfeit Alert Network. Mr. Class established a news update on counterfeit drugs that went out to FDA, DEA, FBI, Interpol, local law enforcement, industry, and other communities. He currently sits on Interpol’s Intellectual Property Crime Action Group, the WHO’s International Medical Products AntiCounterfeiting Task Force.

Mr. Class received a Ph.D. from Georgetown University.

Nova J. Daly Deputy Assistant Secretary for Investment Security and Policy U.S. Department of the Treasury Nova J. Daly was appointed Deputy Assistant Secretary for Investment Security and Policy on June 6, 2006. In this capacity, Mr. Daly is responsible for managing the Treasury Department’s work as the Chair of the Committee on Foreign Investment in the United States. His work also includes implementation of the President’s open economics policy in lowering investment barriers abroad, and he leads efforts under the U.S.-EU Investment Dialogue and the U.S.-China Investment Forum.

Prior to joining the Treasury Department, Mr. Daly served under the National Security Council as the Director for International Trade, where he handled multiple trade and investment policy issues. Mr. Daly previously served as the Senior Advisor for Trade Policy for Commerce Secretary Donald Evans and had worked for the Senate Finance Committee on trade matters.

Mr. Daly holds an undergraduate degree in Political Science from the University of California, Irvine and a graduate degree in International Law and Organizations from American University.

Jill Dougherty U.S. Affairs Editor CNN International Jill Dougherty is U.S. Affairs Editor for CNN International, based in Washington, DC. In this role, she is responsible for covering the political, cultural and business stories in the United States for CNN’s international network.

Ms. Dougherty was previously the Managing Editor of CNN International Asia Pacific and CNN’s Moscow Bureau Chief. She has covered many significant news events in Russia and the former Soviet Union for CNN, including the presidencies of Boris Yeltsin and Vladimir Putin and Russia’s post-Soviet economic transition.

Before her appointment as Moscow Bureau Chief, Ms. Dougherty was a CNN White House correspondent from 1991-96. In this position, she reported on presidential activities in the United States and abroad, including election campaigns in 1992, 1996 and 2000. In addition to her work for CNN, Ms. Dougherty has been a correspondent for WMAQ-TV in Chicago and has done freelance assignments for National Public Radio and TIME magazine. She began her career as a broadcaster and writer for Voice of America’s USSR Division.

Ms. Dougherty earned a B.A. in Russian Language and Literature from the University of Michigan.

Robert Droogleever General Manager, CIS and Mongolia Caterpillar Robert Droogleever is General Manager for the CIS and Mongolia for Caterpillar, a position he has held since 2004. Prior to this position, he was General Manager for EDC from 2001 to 2004. Mr. Droogleever was Area Manager for Munich at Caterpillar S.A.R.L. from 1999 to 2001, after having served as Supervisor of Mining for North America and then as Caterpillar’s Commercial Manager in Aurora, IL from 1996 to 1999.

Mr. Droogleever began his career at Caterpillar in 1988 as a Marketing Representative in Peoria, IL, and has worked for the company in various posts in London, Geneva and Germany.

Mr. Droogleever holds an M.Sc. degree in Mining from the Delft Technical University, Netherlands.

Robert W. Dudley President and CEO TNK-BP Robert Dudley is the President and CEO of TNK-BP. Prior to his current position, he served as the Group Vice President responsible for BP’s upstream businesses in Russia, the Caspian Region, Angola, Algeria and Egypt. He previously was the Group Vice President for BP’s Renewables and Alternative Energy activities within the Gas, Power & Renewables stream for BP in London, with responsibilities for BP’s global solar business and wind & hydrogen activities. Prior to that, he served as an Executive Assistant to the Group Chief Executive Officer, Lord Browne. In 1999, he held the position of General Manager for BP Group Strategy in London and was in a similar role with Amoco Corporation in Chicago prior to the merger between BP and Amoco.

Mr. Dudley has worked extensively across the international oil industry and was based in Moscow between 1994 –1997 with Amoco in a Corporate Development role for both upstream and downstream businesses. Prior to that he worked on the restructuring of oil and gas research and development activities in the US, and from 1987 to 1993 he worked on the negotiation and development of projects in the South China Sea. Mr. Dudley has a B.A. in Chemical Engineering from the University of Illinois. He received his M.I.M. from Thunderbird, The Garvin School of International Management and holds an M.B.A. from Southern Methodist University.

Stuart E. Eizenstat Partner Covington & Burling LLP Ambassador Stuart Eizenstat is a Partner at Covington & Burling, where he heads the firm’s international practice. His work at Covington focuses on resolving international trade problems and business disputes with U.S. and foreign governments, and international business transactions and regulations on behalf of U.S. companies and others around the world.

During a decade and a half of public service in three U.S. administrations, Ambassador Eizenstat held a number of key senior positions, including Chief Domestic Policy Adviser to President Jimmy Carter (1977-1981); and U.S. Ambassador to the European Union; Under Secretary of Commerce for International Trade; Under Secretary of State for Economic, Business and Agricultural Affairs; and Deputy Secretary of the Treasury in the Clinton Administration (1993-2001).

Ambassador Eizenstat is a graduate of the University of North Carolina at Chapel Hill and of Harvard Law School.

Evgeny A. Federov Chairman, Committee on Economic Policy and Entrepreneurship State Duma of the Russian Federation Evgeny A. Federov is Chairman of the State Duma Committee on Economic Policy and Entrepreneurship, a post he has held since 2006. He previously served as Deputy Chairman of the State Duma Committee on Budget and Taxes. Mr. Federov was elected to the State Duma in 2003, after having served as Deputy Minister of Atomic Energy.

From 1997 to 1998, Mr. Federov was Deputy Chief of Staff of the Presidential Administration’s Defense Council, and from 1996 to 1997 he served as Deputy Head of the Department of Insurance Supervision in the Ministry of Finance. Mr. Federov has previously served in the Leningrad Oblast Council of People’s Deputies and was elected to the first convocation of the State Duma, where he was Chairman of the Subcommittee on Economic Security.

Mr. Federov is a graduate of the Leningrad Higher Military Engineering and Construction College with a degree in Military Energy Engineering.

Toby Gati Senior International Advisor Akin, Gump, Strauss, Hauer & Feld LLP Toby Gati is a Senior International Advisor for the law firm Akin, Gump, Strauss, Hauer & Feld LLP, where she focuses on political, economic and trade developments in Russia, the Newly Independent States of the former Soviet Union, and Central and Eastern Europe.

From 1993 to 1997, Mrs. Gati served as Assistant Secretary of State for Intelligence and Research (INR), and was Special Assistant to the President and Senior Director for Russia, Ukraine and the Eurasian States at the National Security Council in the White House in 1993.

Before joining the government, Mrs. Gati served as Senior Vice President for Policy Studies at the United Nations Association of the United States of America (UNA-USA) in New York City, where she directed the Association’s research and policy analysis on international political, economic and security issues, as well as on United Nations and multilateral affairs.

Mrs. Gati received a B.A. from Pennsylvania State University and an M.A. in Russian Language and Literature, an M.I.A. in International Affairs and a Harriman Institute Certificate in Russian Studies from Columbia University.

Evgeny Gavrilenkov Managing Director; Chief Economist Troika Dialog Group Evgeny Gavrilenkov is Managing Director and Chief Economist at the Troika Dialog Group.

Before joining Troika Dialog in 2002, Mr. Gavrilenkov worked at the Bureau of Economic Analysis, where he served as Deputy Director General and Acting Director General.

Simultaneously, he was a Scholar in Residence at the Carnegie Moscow Center and served at the Higher School of Economics (HSE) as Pro-Rector and Director of the Institute of

Macroeconomic Research and Forecasting. In 1997, Mr. Gavrilenkov created and was Editor-in-Chief of the HSE Economic Journal. Between 1992 and 1996, he worked at the Center for Economic Analysis, a government think-tank, first as Head of Department, then Deputy Director and Acting Director.

In the mid 1990s, Mr. Gavrilenkov was a guest professor several times at Hitotsubashi University, Japan, and a visiting researcher at the Economic Research Institute (run by the Government of Japan). He has also been a guest researcher at the Bank of Finland, a visiting professor at the Sorbonne Pantheon University in Paris and a visiting researcher at the International Monetary Fund (1994 and 2001).

Mr. Gavrilenkov holds a degree in Mathematics from the Moscow Aviation Institute and a Ph.D. in Economics.

John Hattenberger President and Managing Director Gazprom Marketing & Trading USA, Inc. John Hattenberger is President and Managing Director of Gazprom Marketing & Trading USA, Inc., an indirect wholly-owned subsidiary of OAO Gazprom, headquartered in Houston, Texas. In this position, Mr. Hattenberger is responsible for Gazprom Marketing & Trading’s entry into the North American natural gas marketing and trading business, and for importing LNG from Russia and other sources into the North American market.

Prior to joining Gazprom Marketing & Trading USA, Inc., Mr. Hattenberger was Senior Vice President at Marathon Oil Company, where he was responsible for new LNG and natural gas business development activities, both upstream and downstream. Prior to that, he was Senior Vice President at El Paso Global LNG, a subsidiary of El Paso Corporation, where he was responsible for worldwide LNG supply activities for El Paso’s LNG business. Mr. Hattenberger also held senior positions at TransCanada Pipelines Ltd., and at BP, where he was responsible for natural gas business development, natural gas marketing and mergers and acquisitions. He also served as the commercial advisor to an LNG project in the Arabian Gulf.

Mr. Hattenberger graduated from the University of Minnesota with a B.S. in Chemical Engineering.

E. Neville Isdell Chairman of the Board The Coca-Cola Company Neville Isdell was elected Chairman of the Board of Directors of The Coca-Cola Company on June 1, 2004. He served as Chief Executive Officer of the company from 2004 until 2008.

Mr. Isdell is the 12th Chairman of the Board in the history of the company, and he also serves as the Chairman of the U.S.-Russia Business Council.

Mr. Isdell joined The Coca-Cola Company in 1966 with the local bottling company in Zambia. In 1972, he became General Manager of Coca-Cola Bottling of Johannesburg, the

largest Coca-Cola bottler in Africa. Mr. Isdell was named Region Manager for Australia in 1980, and in 1981 he became President of the bottling joint venture between The Coca-Cola Company and San Miguel Corporation in the Philippines.

Mr. Isdell moved to Germany as President of the company’s Central European Division in 1985. In 1989, he was elected Senior Vice President of the company and appointed President of the Northeast Europe/Africa Group (renamed the Northeast Europe/Middle East Group in 1992) and led the company’s entry into new markets in India, the Middle East, Eastern Europe, and the former Soviet Union. In 1995, he was named President of the Greater Europe Group.

From July 1998 to September 2000, Mr. Isdell served as Chairman and CEO of Coca-Cola Beverages Plc in Great Britain, where he oversaw that company’s merger with Hellenic Bottling. He retired as Vice Chairman of Coca-Cola HBC in December 2001. From January 2002 to May 2004, Mr. Isdell was an international consultant to The Coca-Cola Company and headed his own investment company in Barbados.

Mr. Isdell received a Bachelor’s degree in Social Sciences from the University of Cape Town, and is a graduate of the Harvard Business School Program for Management Development.

Darren C. Jones President, Global Gas, Strategic Planning and Business Development ConocoPhillips Darren C. Jones is President of Global Gas, Strategic Planning and Business Development for ConocoPhillips, a position he has held since 2007. He was named Vice President, Commercial Assets for ConocoPhillips Alaska after having served as Vice President of Kuparuk/Cook Inlet in 2003.

From 2002 to 2003, Mr. Jones was General Manager of Upstream Strategy and Portfolio Management for ConocoPhillips in Houston. He assumed the role of Manager of Strategy and Development for Phillips Petroleum Company from 2000 until the merger of Phillips and Conoco in 2002. Prior to joining Phillips Petroleum, Mr. Jones was Manager of ARCO International Oil & Gas Company’s Alaska Planning, Evaluation and Commercial Group from 1998. He joined ARCO in 1982 and worked as an Engineer, Consultant and Senior Financial Consultant for the company.

Mr. Jones earned a Bachelor’s degree in Chemical Engineering from the University of California in Berkeley and a Master’s degree in Business Administration in Finance/International Business from the University of California, Los Angeles.

Fyodor Lukyanov Editor-in-Chief Russia in Global Affairs Fyodor Lukyanov is Editor-in-Chief of Russia in Global Affairs, a journal published in Russian and English with the participation of Foreign Affairs. He is also a regular contributing international observer for Russia’s major mass media outlets, such as Moskovskie Novosti, Vedomosti, Profile, Gazeta.ru, and leading national radio stations and TV channels.

As head of Russia in Global Affairs since its inception in 2002, Mr. Lukyanov has greatly contributed to making the journal Russia’s most authoritative source of expert opinion on global development issues. He has worked in journalism for 15 years, as a correspondent, commentator and editor for the Voice of Russia radio station; Segodnya, Moskovskie Novosti, Vremya MN and Vremya Novostei newspapers and TV Channel 3.

Mr. Lukyanov is a member of the Russian Council on Foreign and Defense Policy, an influential independent organization providing foreign policy expertise.

Elvira Maymina Chairman of the Board Gazinvestbank Elvira Maymina is Chairman of the Board of Gazinvestbank, a position she has held since 2003. Prior to her current position, Ms. Maymina was Director General of the Development Investment Corporation from 1999 to 2003. She was Director of the company Alex Ltd. and worked on legal affairs at the Trade Union Council for oil and gas industry employees in Surgut from 1987 to 1999. In 1986-87, Ms. Maymina worked as an economist in the Administration of the City of Omsk.

Ms. Maymina is a graduate of the State Institute of Finance and Economics and the Moscow State Institute of International Relations.

Alexei Mordashov Chairman of the Board Severstal Alexei Mordashov has served as Chairman of the Board of Severstal and General Director of Severstal Group since 2002. He was elected as General Director of OJSC Severstal in 2006.

In 1992, Mr. Mordashov was appointed as Finance Director of Severstal after having worked as the Chief Economist at Cherepovetskiy Metallurgical Plant from 1988.

Mr. Mordashov is a graduate of the Leningrad Institute of Economics & Engineering and received his M.B.A. from Northumbria University in Newcastle upon Tyne in Great Britain.

Scott Morris Senior Professional Staff Member Financial Services Committee of the U.S. House of Representatives Scott Morris is a Senior Professional Staff Member for the House Financial Services Committee. He is responsible for issues within the jurisdiction of the Subcommittee on Domestic and International Monetary Policy, Trade & Technology, including oversight of international financial institutions and the U.S. Export-Import Bank, international investment issues, trade in financial services, exchange rates, and monetary policy. Prior to joining the Committee, Mr. Morris was Vice President and Senior Economist at the Committee for Economic Development, an independent and non-partisan public policy research organization in Washington, DC. Mr. Morris received his Bachelor’s degree from Franklin & Marshall College and his Master’s degree from the University of Michigan’s School of Public Policy.

Edward Morse Managing Director and Chief Energy Economist Lehman Brothers Edward Morse is Managing Director and Chief Energy Economist at Lehman Brothers. He joined the firm in July 2006 as Managing Director and head of commodities research. Just before joining Lehman, Mr. Morse spent seven years at Hess Energy Trading Company, where he provided strategic advice to the firm and its clients on oil and natural gas markets.

During the decade before that, he was publisher of Petroleum Intelligence Weekly and other industry newsletters as well as CEO of Energy Intelligence Group.

Mr. Morse taught at Princeton University for six years before joining the senior research staff at the Council on Foreign Relations. During the Carter and Reagan administrations, he served at the Department of State, including as Deputy Assistant Secretary for International Energy Policy.

Mr. Morse received his Ph.D. from Princeton University.

Natalia Moskaleva Deputy Director, Legal Department Ministry of Industry and Trade of the Russian Federation Natalia Moskaleva is Deputy Director of the Legal Department in the Ministry of Industry and Trade of the Russian Federation, a position that she has held since July 2008. From 2004 until 2008, she was Deputy Director of the Legal Department in the Ministry of Industry and Energy after having served in that position in the Ministry of Energy from 2001 to 2004. Ms. Moskaleva was Deputy Head of the Legal Department in the Ministry of Natural Resources from 2000 to 2001.

Ms. Moskaleva holds a degree in Law from the New Humanities University.

Roger Munnings Chairman and CEO KPMG Russia/CIS Region Roger Munnings is Chairman and CEO of KPMG Russia/CIS Region and Chairman of KPMG’s Global Energy and Natural Resources Practice. In addition, he is a Member of the International Council of KPMG and a Member of the Board of KPMG EMA Region. His clients in Russia/CIS include LUKOIL, RUSAL, Basic Element, Severstal, MMK, Rosneft, Gazprom, Razgoulyai-UkrRos, UGMK, MDM-Bank, and Rostelecom.

Mr. Munnings holds an M.A. in Politics, Philosophy and Economics from the University of Oxford.

Ilya V. Ponomarev Member, Committee on Information Policy, Technology and Communications State Duma of the Russian Federation Ilya V. Ponomarev is a Member of the State Duma Committee on Information Policy, Technology and Communications and is Chairman of the Subcommittee on Technological Development. Prior to his election to the State Duma in 2007, Mr. Ponomarev worked in the Ministry of Information and Communications on the development of technoparks from 2006.

From 2001 to 2002, Mr. Ponomarev was Vice President of Information Business Systems, where he was responsible for diversification and federal government relations. Prior to this position, he was President of the high-tech venture company ARRAVA IMC in 2000-01, and was Director of Information Technology at Yukos EP from 1999 to 2000. From 1996 to 1998, he was Director of Development and Marketing at Schlumberger.

Mr. Ponomarev holds a degree in Physics from the Moscow State University.

Peter J. Robertson Vice Chairman of the Board of Directors Chevron Corporation Peter J. Robertson is Vice Chairman of the Board of Directors for Chevron Corporation, a position he has occupied since January 1, 2002. From 2002 to 2004, he was responsible for directing the company’s worldwide exploration, production and global gas businesses. Since 2005, he has held direct responsibility for Strategic Planning; Policy, Government and Public Affairs; Human Resources; and Corporate Compliance.

From 2000 to 2002, Mr. Robertson was President of Chevron Overseas Petroleum Inc. (COPI), where he was responsible for directing Chevron’s oil exploration and production activities around the world. Prior to that position, he served as Vice President and then President of Chevron U.S.A. Production Company, and was then named Vice President of Chevron Corporation, responsible for Chevron’s North American exploration and production operations.

Mr. Robertson joined Unocal in 1971 and Chevron in 1973, and has held various positions within the company, including Vice President of Finance for Chevron U.S.A. in 1989 and President of Warren Petroleum Company, Chevron’s former natural gas liquids subsidiary.

Mr. Robertson earned his Bachelor’s degree in Mechanical Engineering at Edinburgh University, and his M.B.A. from the University of Pennsylvania’s Wharton School.

Mark T. Robinson President Citibank Russia and CIS Mark T. Robinson is the President of Citibank Russia and also oversees the bank’s operations in Kazakhstan and the Ukraine, a position he has held since 2004. The Citi franchise in Russia/CIS includes more than 800,000 customers, 66 branches and a presence in 11 cities.

From 2002 to 2004, Mr. Robinson was the Citi Country Officer in Turkey and also oversaw the bank’s operations in Israel and business in eight non-presence countries in Central Asia.

He was based in Budapest from 1997 to 2002, where he was Corporate Bank Head and then Citi Country Officer with responsibility for Markets and Banking and for Consumer Banking.

From 1988 to 1995, Mr. Robinson had various roles at Citibank New York in the lending, corporate finance and restructuring businesses. He was based in Hong Kong in 1995 and 1996, where he was a Senior Transactor in the regional Corporate Finance Unit.

Mr. Robinson is a graduate of the University of Chicago, where he received his B.A. and his M.B.A.

Charles E. Ryan Chairman Deutsche Bank in Russia Charles Ryan assumed the role of Chairman of Deutsche Bank in Russia in September 2008, after having served as Chief Country Officer and CEO of Deutsche Bank Group in Russia, a position he held for three years.

Mr. Ryan founded United Financial Group in 1994, an independent Russian investment bank in Moscow, which was later acquired by Deutsche Bank in 2006. From 1991 to 1994, he was an Associate and Principal Banker with the European Bank for Reconstruction and Development in London, where he played a crucial role in the city of St. Petersburg’s privatization program for industry and real estate. Mr. Ryan began his professional career in 1989 with CS First Boston, where he was a Financial Analyst.

Mr. Ryan holds a degree in Government from Harvard College.

Matthew J. Sagers Senior Director, Energy Economics, Eurasia and Eastern Europe Cambridge Energy Research Associates Matthew J. Sagers is Senior Director for Energy Economics, Eurasia and Eastern Europe at Cambridge Energy Research Associates (CERA). He is a well-known expert on the energy and transportation systems and regional development in the Former Soviet Union, including pipeline constraints and solutions in Eurasia. Mr. Sagers heads CERA’s Eurasian Transportation Forum, a platform for improving the transportation environment in the region.

Prior to joining CERA, Mr. Sagers was Director of the Energy Service at PlanEcon, Inc., where he led that company’s analysis of the energy sector in the former Soviet Union and Eastern Europe. Previously, Mr. Sagers was Chief of the Soviet Branch in the U.S. Census Bureau’s Center for International Research and was an Economic Advisor to the newlyformed Federated States of Micronesia and a Professor of Geography at Weber State University and the University of Virginia.

Mr. Sagers holds a B.S. degree from Weber State University and M.A. and Ph.D. degrees from Ohio State University.

Margarita Simonyan Editor-in-Chief Russia Today & Rusiya Al-Yaum TV Margarita Simonyan is Editor-in-Chief of Russia Today TV, a 24 hour English language television station dedicated to broadcasting news from Russia and the world. In 2007, Ms. Simonyan was appointed Editor-in-Chief of Rusiya Al-Yaum, Russia Today’s Arabic analog.

In 2002, Ms. Simonyan joined the Kremlin pool of journalists covering government and policy issues and accompanied then-President Putin on travel.

During her career on the state TV channel “Rossiya,” Ms. Simonyan reported from Chechnya during the Second Chechen Campaign, Beslan during the School Siege and from Abkhazia.

She began her career on local Krasnodar television in 1999.

Ms. Simonyan is a graduate of Kuban State University.

Greg S. Slater Director of Trade and Competition Policy Intel Corporation Greg S. Slater is the Director of Trade and Competition Policy at Intel Corporation. In this capacity, he is responsible for trade and competitiveness issues affecting the company’s business interests worldwide. In his role as a Senior Counsel at Intel, he also provides legal and policy advice on emerging laws and regulations that significantly affect the company’s products and manufacturing sites. These include intellectual property laws, technical regulations and standards, as well as competition policy. In addition, Mr. Slater is responsible for all government agreements related to Intel’s factory investments worldwide.

These investments range from several hundred million dollars for an assembly test plant to several billion dollars for a fabrication facility.

Prior to joining Intel in 1997, Mr. Slater was in private practice at Steptoe & Johnson and then at Latham & Watkins in Washington, D.C. While at those law firms, he engaged in privatization work sponsored by the World Bank and specialized in administrative law and environmental, health and safety by handling U.S. and international regulatory issues for a number of Fortune 500 companies. Mr. Slater began his law career as a clerk for former Chief Judge Albert Engel on the U.S. Court of Appeals, 6th Circuit.

Mr. Slater holds a degree in Law from the J. Reuben Clark Law School at Brigham Young University.

Bernard Sucher Head of Russia Global Markets OOO Merrill Lynch Securities Bernard Sucher has been part of Russia’s capital markets since their beginning, and currently heads Merrill Lynch’s Global Markets business in Russia. Prior to joining Merrill Lynch, Mr. Sucher was the Chairman of Alfa Capital, a firm which he led from its restructuring in 2002 until September 2006. During his tenure, Alfa Capital became one of Russia’s highestrated investment managers, with a fast-growing domestic mutual fund business anchoring an asset base that exceeded $440 million.

From 1993 until its buy-out by a new shareholding group in 2002, Mr. Sucher was a founder and principal of Troika Dialog, a Moscow-based investment bank. He began his career in finance in 1984 and was soon focused on Asian markets, with postings in Hong Kong, Tokyo, London, and finally, with Goldman Sachs, in New York City. In his fifteen years in Russia, Mr. Sucher has started a number of successful, ongoing businesses, including restaurant and fitness ventures and a specialty publishing company.

Mr. Sucher holds a B.A. from the University of Michigan and is a graduate of Columbia University’s Senior Executive Program.

Travis Sullivan Director-Geopolitical and Public Issues Boeing Commercial Airplanes Travis Sullivan serves as Director-Geopolitical and Public Issues, working in the Business Strategy and Marketing organization within Boeing Commercial Airplanes. In this position, he supports Commercial Airplanes’ efforts to accurately predict and respond to emerging geopolitical trends and proactively position Commercial Airplanes with respect to government policies worldwide.

Previously, Mr. Sullivan served as Director of International Trade Policy, also part of the Business Strategy and Marketing group within Boeing Commercial Airplanes. Prior to joining The Boeing Company, he served as Senior Policy Advisor to Senator Maria Cantwell (D-Wash.) for foreign affairs, national security and trade. He was also an International Trade

Specialist in the Office of the Under Secretary for International Trade at the U.S. Department of Commerce, and served at the Overseas Private Investment Corporation and at the White House.

Mr. Sullivan earned his B.A. in International Studies and Political Science from the University of Washington; an M.A. in International Affairs from the Elliott School of International Studies at George Washington University; a Ph.D. in International Relations Theory from the Johns Hopkins University; and he is a graduate of the Executive General Management Program at Harvard Business School.

Poul M. Thomsen Deputy Director, European Department International Monetary Fund Poul Thomsen joined the IMF in 1982 and is currently a Deputy Director in its European Department. Mr. Thomsen was appointed head of the Russia division during the 1998 crisis in Russia, was Senior Resident Representative in Moscow from 2001 to 2004, and is continuing to direct the Fund’s work on Russia. He has an extensive knowledge of the economic and social problems facing the former socialist countries in Central and Eastern Europe and the CIS, having worked exclusively on countries in this region since 1987.

Mr. Thomsen is also the Mission Chief for Poland and is supervising the Fund’s country teams for other countries in Central and Eastern Europe and the CIS. He has headed mission teams and has been responsible for high-level policy negotiations with country authorities since 1991: he was Mission Chief for Bosnia, Croatia, the Former Yugoslav Republic of Macedonia, and Slovenia from 1991 to 1996, and Mission Chief for Romania and Head of the Fund’s Southeastern European Division from 1996 to 1998.

Alexander P. Torshin First Deputy Chairman Federation Council of the Russian Federation Alexander P. Torshin is First Deputy Chairman of the Federation Council of the Russian Federation, a position he has held since 2002. He has represented the Republic of Mari-El in the Federation Council since 2001.

Prior to joining the Federation Council, Mr. Torshin was Chief Executive Officer of the credit agency ARKO, and has previously served as Deputy Chairman of the Central Bank of Russia, Deputy Chief of Staff of the Russian Government, Special Representative of the Russian Government to the State Duma, and Senior Member of the Government Staff.

Mr. Torshin is a graduate of the Moscow State University School of Psychology and the Soviet Graduate School of Law.

Evgeny Trusov Partner, Transaction Advisory Services Ernst & Young Evgeny Trusov has been a Partner in the Corporate Finance group of Ernst & Young’s Transaction Advisory Services Department since 2006. He is responsible for advising clients on mergers and acquisitions and for fundraising for investment projects. His recent assignments include fundraising for a power plant project, analysis of financing options for an airport expansion project and advising the Russian government on the investment tender procedures for one of the first toll roads in Russia.

Mr. Trusov’s clients include the Ministry of Transportation of Russia, EBRD, Sheremetyevo Airport, Aeroflot, commercial banks, and developers and investors of infrastructure and industrial projects. Prior to transferring to the Transaction Advisory Services Department, Mr. Trusov was a Partner and Manager in the Assurance and Business Advisory Services Department of Ernst & Young, where he worked with enterprises in the retail, consumer products and telecommunications sectors.

Mr. Trusov is a graduate of the Moscow State Institute of International Relations with a degree in International Economic Relations and holds an M.B.A. from the University of Chicago’s Graduate School of Business.

Patrick J. van de Coevering U.S. Representative MUHVision Patrick J. van de Coevering is the U.S. Representative of MUHVision. He specializes in the development, management and evaluation of international projects in the field of education and capacity building (training, e-learning and distance education) with the help of information-communication technologies (ICT) for government and business.

Mr. van de Coevering has worked as Senior Training and Communications Expert for the TACIS Russia Corporate Governance Facility (funded by the European Commission); Lead Educational Specialist for the International Finance Corporation at the World Bank; Advisor to the Interstate Committee on Adult Education of the Commonwealth of Independent States (CIS) and to the educational NGO ‘Znanie’; and Director of International Projects at the Modern University for the Humanities, Europe’s largest distance learning university.

Patrick J. van de Coevering holds an M.Sc. in Economics from the Free University in Amsterdam.

Edward S. Verona President and CEO U.S.-Russia Business Council Edward Verona was appointed President and CEO of the U.S.-Russia Business Council on June 1, 2008. Prior to that position, he was Vice President of ExxonMobil Russia, Inc., based in Moscow.

Mr. Verona began his professional career in 1980 as a Special Representative for mining and petroleum equipment manufacturer Ingersoll-Rand, based in La Paz, Bolivia (1981-84), Quito, Ecuador (1984-85) and Miami, Florida (1985-86). He joined Shell Oil Company in 1987 in the Group Services Division in New York City. He was appointed to the U.S. Foreign Service in 1989 and assigned as an Economic Officer to the U.S. embassies in Mexico City (1989-91), Brasilia (1991-93) and Moscow (1994-96).

In 1996, Mr. Verona left the Foreign Service to become Executive Director of the Moscowbased Petroleum Advisory Forum (PAF), an industry association representing international oil and gas companies in Russia. In 1998, he was named Russia Country Manager for Texaco, Inc., based in Moscow. Mr. Verona was transferred to Almaty, Kazakhstan, in 1999 as Texaco’s Country Manager, where he also served as Chairman of the Kazakhstan Petroleum Association (KPA) in 1999-2000. Subsequently, he was assigned to Washington, D.C. as International Government Relations Advisor. Following Texaco’s merger with Chevron, he served as Vice President for Government and Public Affairs for ChevronTexaco’s upstream operations in Latin America, based in Caracas, Venezuela, from 2001 to 2003. Mr. Verona served as Chief Representative in Moscow of the Canadian Barrick Gold Corporation from 2004 to 2006.

Mr. Verona received a B.A. in Political Science from the University of Arizona and a Masters of International Management (MIM) from the American Graduate School of Global Management (Thunderbird).

Celeste A. Wallander Foreign Policy Advisor Barack Obama Presidential Campaign Celeste A. Wallander is currently a Foreign Policy Advisor on Russia to the Barack Obama Presidential Campaign and is a Visiting Associate Professor in the School of Foreign Service at Georgetown University. Ms. Wallander was Director and Senior Fellow of the Russia and Eurasia Program at the Center for Strategic and International Studies (CSIS) from 2001 to 2006 and remains a Senior Associate at CSIS. She was Senior Fellow at the Council on Foreign Relations in Washington, DC in 2000-01, and Associate Professor of Government at Harvard University from 1989 to 2000.

Ms. Wallander is the Founder and Executive Director of the Program on New Approaches to Russian Security. Her projects include work on U.S.-Russian security cooperation, the history of Russia and globalization, HIV/AIDS in Russia, the role of NATO in Eurasia, and Ukrainian security relations. Ms. Wallander is currently writing “Global Russia: Economics, Politics, and Security” and “The Geopolitics of Energy in Eurasia”.

Ms. Wallander received her B.A. in Political Science from Northwestern University and her Ph.D., M.Phil. and M.A. degrees in Political Science from Yale University.

Michael White Chairman & CEO PepsiCo., International Michael D. White was elected to PepsiCo’s Board and named Vice Chairman of PepsiCo in March 2006. He continues to serve as Chairman and Chief Executive Officer of PepsiCo International, a position he has held since February 2003.

From 2000 to 2003, Mr. White served as President and Chief Executive Officer of FritoLay’s Europe/Africa/Middle East division, and he was Senior Vice President and Chief Financial Officer of PepsiCo from 1998 to 2000. Mr. White has also served as Executive Vice President and Chief Financial Officer of PepsiCo Foods International and Chief Financial Officer of Frito-Lay North America. He joined Frito-Lay in 1990 as Vice President of Planning.

th

16 Annual Meeting

Sponsor Profiles

Accounting for one quarter of aggregate assets of the Russian banking sector, Sberbank is the largest credit institution in Russia, as well as in Central and Eastern Europe. The Central Bank of the Russian Federation is its founding and majority shareholder with 60 percent of voting stock. Sberbank’s shareholders comprise more than 200,000 legal entities and individuals, including non-residents with about 30 percent of the voting shares and 3 percent held by private investors. The bank has an extensive branch network with more than 20,000 branches operating in 11 time zones. With subsidiaries in Kazakhstan and Ukraine, Sberbank employs more than 250,000 people.

Sberbank is the only Russian bank listed in the top 100 leading world banks according to The Banker magazine. The bank was featured on the list of the 100 most respected companies compiled by Barrons, and was ranked 15th in the world by The Financial Times in terms of capitalization.

Alcoa is the world leader in the production and management of primary aluminum, fabricated aluminum and alumina combined, through its active and growing participation in all major aspects of the industry. Alcoa serves the aerospace, automotive, packaging, building and construction, commercial transportation and industrial markets, bringing design, engineering, production and other capabilities of Alcoa’s businesses to customers. In addition to aluminum products and components including flat-rolled products, hard alloy extrusions, and forgings, Alcoa also markets AlcoaŽ wheels, fastening systems, precision and investment castings, and building systems. The company has 97,000 employees in 34 countries and has been named one of the top most sustainable corporations in the world at the World Economic Forum in Davos, Switzerland.

Alcoa first entered Russia with the 1993 formation of Alcoa Russia, based in Moscow. Alcoa also has recently acquired integrated fabricating facilities in Belaya Kalitva and Samara. By combining this local presence with its global resources, Alcoa provides customers with leadingedge technology, expertise and integrated solutions for a wide range of products.

Chevron Corporation is a leading global company with expertise across all sectors of the energy industry and a record of building strong partnerships in the 180 countries in which it does business. Chevron takes pride in producing safe, reliable, and affordable energy that meets the highest standards of social, economic, and environmental responsibility. The company has worked in the Russian energy sector for more than a decade and looks forward to developing future opportunities that coincide with Russian goals of increasing energy production, enhancing international capabilities, and improving market access.

Chevron’s existing projects in Russia include a 15 percent share in the Caspian Pipeline Consortium that operates the world-class Tengiz-Novorossiysk Pipeline. Additionally, Chevron is Russia’s third largest Western importer and distributor of lubricant products. Its Oronite subsidiary supplies Russia with fuel and lubricant additives through partnerships with several Russian companies, including LUKoil, Sibneft, TNK, and Slavneft. Chevron also coordinates with Russia on the marketing and transportation of regional energy exports. The company is an active partner in licensing leading refining technologies to Russian companies, and it is engaged in joint research projects with several leading Russian scientific institutions. Chevron is also an active community partner in Russia where it has contributed to numerous local charities.

The Coca-Cola Company is the world’s largest beverage company, refreshing consumers with more than 450 sparkling and still brands. Through the world’s largest beverage distribution system, consumers in more than 200 countries enjoy the company’s beverages at a rate of 1.5 billion servings a day. With an enduring commitment to building sustainable communities, the company is focused on initiatives that protect the environment, conserve resources and enhance the economic development of the communities where it operates.

Coca-Cola was first sold in Russia in 1980, in the run-up to the Summer Olympic Games in Moscow. In 1994, the country’s first Coca-Cola plant opened in Moscow. Today, the CocaCola System in Russia owns and operates 14 bottling plants, has sales and distribution centers in more than 60 Russian cities and directly employs more than 10,000 people. Each job in the Coca-Cola System in Russia indirectly generates eight additional jobs in related industries, including a wide range of suppliers and a nationwide network of retailers. The Coca-Cola System in Russia — consisting of The Coca-Cola Company and its bottling partner, Coca-Cola Hellenic Bottling Company — is one of the country’s largest foreign investors, having invested more than $1.8 billion to date in the Russian economy.

ConocoPhillips uses its pioneering spirit to responsibly deliver energy to the world. This purpose transcends all of ConocoPhillips’ operations. The company conducts its business to return maximum value to shareholders while utilizing a wealth of knowledge and resources from its employees and acting responsibly in all communities in which it operates.

As the third-largest integrated energy company in the United States based on market capitalization, oil and natural gas reserves, the company understands its responsibility to deliver energy in a safe, environmentally and socially responsible manner. The company upholds this responsibility in its worldwide operations, where it is the fifth-largest refiner and the sixth-largest reserves holder among nongovernment-controlled companies. ConocoPhillips is known worldwide for its technological expertise in reservoir management and exploration, 3-D seismic technology, high-grade petroleum coke upgrading and sulfur removal.

With operations in nearly 40 countries, ConocoPhillips is committed to contributing to social, economic and environmental improvements in all the communities in which it operates. The company is currently funding numerous environmental, social, health and education programs around the world.

John Deere is the world’s leading provider of advanced products and services for agriculture and forestry and a major provider of advanced products and services for construction, lawn and turf care, landscaping, and irrigation. John Deere also provides financial services worldwide and manufactures and markets engines used in heavy equipment. Since it was founded in 1837, the company has extended its heritage of integrity, quality, commitment, and innovation around the globe.

MUH Vision is a technological management subsidiary of MUH Holding Company, which has been operating in the Russian market for more than 15 years. As of today, the company has established nearly 1,000 branches in Russia, CIS countries and other markets. The Holding Company consists of a TV company, a telecommunications services provider, an ICT-based educational services provider, and a multimedia-based educational products design lab. There are 185,000 private customers being educated within the Holding Company, and about 10 million households subscribe to its educational TV channels.

To ensure a high-quality educational process, the company has designed a videoconferencing system connecting more than 200 regional studios all over Russia; two TV channels; a unique system of automated knowledge testing; and an effective system of interactive, multimedia-based learning materials design.

PepsiCo is one of the world’s largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices, and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales.

PepsiCo’s commitment to sustainable growth, defined as “Performance with Purpose,” is focused on generating healthy financial returns while giving back to the communities that the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company’s impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability.

Russia Today (RT) is a TV and internet news channel broadcasting news 24 hours a day in English to more than 100 countries around the globe, as well as online. The channel was established in 2005 by the Autonomous Nonprofit Organization TV-Novosti. Its founder is Russia’s largest news agency, RIA-Novosti.

Russia Today is available on the main satellite platforms as well as on cable network operators in Europe, Asia, North America, and Australia. It can also be viewed live, 24 hours a day, on the internet. With more than 700 Russian & foreign TV professionals employed, RT presents viewers a full and complete information picture of the day. Russia Today’s own correspondents report from the main regions of Russia, countries of the former Soviet Union, Europe, the U.S., and the Middle East. The channel has correspondents’ bureaus in Kiev, Vladikavkaz, Tbilisi, London, Paris, Washington, New York, Jerusalem, Cairo, Beirut, Teheran, Damascus, Baghdad, and Gaza and is developing plans to increase its presence in other regions of the world.

TNK-BP is a leading Russian oil company and is among the top ten privately-owned oil companies in the world in terms of crude production. It also holds a significant portfolio of Russian gas assets. The company commenced operations in August 2003 following the merger of BP plc’s Russian oil and gas assets with those of Alfa Group/Access-Renova (AAR). BP and AAR each own 50 percent of TNK-BP. The shareholders of TNK-BP also own approximately 50 percent of Slavneft, another Russian oil company.

TNK-BP is a vertically integrated oil company with a diversified upstream and downstream portfolio in Russia and Ukraine. The company’s upstream operations are located primarily in West Siberia (Khanty-Mansiysk and Yamalo-Nenets Districts, Tyumen Region), East Siberia (Irkutsk Region), and Volga-Urals (Orenburg Region). In 2007, the company produced on average 1.6 million barrels of oil equivalent per day (mboed). Including its 50 percent share in Slavneft, average production was 1.8 mboed. This equated to approximately 18 percent of Russia’s total oil production.

TNK-BP operates a retail network of 1,400 filling stations in Russia and Ukraine working under the BP and TNK brands. It is one of the key suppliers to the Moscow retail market and is the market leader in Ukraine.

TNK-BP is headquartered in Moscow and is governed by a multinational management team with experience working in more than fifty countries. A blend of strong international and Russian talent is driving the introduction of world-class technology, project management, corporate governance and health, safety and environmental practices into the sector.

The Boeing Company has had a partnership with Russia since the era of the former Soviet Union. In the 1970s, Boeing was a part of the historic U.S.–Soviet space mission, Apollo-Soyuz, when spacecraft from both countries docked in orbit. Since 1992, Boeing has worked closely with the Russian aerospace and IT industry, as well as with airlines in Russia. The company also works with leading Russian and Ukrainian aerospace companies on two ambitious space programs — International Space Station (ISS) and Sea Launch, the world’s most reliable heavylift commercial launch service.

From 1991 to 2006, Boeing’s investment in Russia/CIS reached $3 billion. Over the next 30 years, Boeing expects to invest a further $27 billion — some $18 billion in titanium purchases, $5 billion in design and engineering services and $4 billion in other services and materials, including services and materials for Sea Launch and ISS. Boeing has also created the Ural Boeing Manufacturing (UBM) joint venture with Russian titanium producer VSMPO-AVISMA. The 50/50 equity JV produces titanium parts for the Boeing 787.

In 1992, the company established the Boeing Technical Research Center (BTRC), which is responsible for all research projects in Russia, including those related to new materials, technology, prototyping, testing, aerodynamics, noise, and information technologies. The BTRC has cooperated with leading Russian scientific and research institutes and production facilities.

More than 700 scientists and IT specialists work through the BRTC on Boeing contracts in more than 20 Russian research institutes.

In 1998, Boeing opened the Boeing Design Center (BDC) in Moscow with just 12 Ilyushin Design Bureau engineers. Today, there are more than 1,400 Russian contract engineers working

at the BDC together with nearly 150 direct employees, including project managers and lead engineers. The BDC has played a significant role in the design of the all-new Boeing 787.

BP is one of the world’s largest energy companies, providing its customers with fuel for transportation and energy for heat and light. BP employs approximately 97,000 people worldwide and more than 33,000 in the United States. The company’s family of brands includes Amoco, Aral, ARCO, BP, and Castrol.

BP is also among the world’s most progressive large enterprises. The company is widely known as the first major energy company to acknowledge the need for precautionary action to reduce greenhouse gas emissions. Today, BP continues to lead the effort to meet the world’s growing demand for sustainable, environmentally responsible energy.

BP is the leading producer of oil and natural gas in the United States, and the largest investor in U.S. energy development. Since 2001, BP has invested $30 billion in the United States, including major investments to increase existing energy sources, extend energy supplies and develop new low-carbon technologies.

BP is the largest foreign investor in Russia, with several oil and gas businesses. The company’s largest investment to date is the joint venture TNK-BP, which is Russia’s third-largest oil company. BP collaborates with Rosneft in exploration activities in Sakhalin IV and V, and is an owner in the Caspian Pipeline Consortium (CPC). The company is committed to long-term growth in Russia that benefits the Russian people and enhances world energy security.

For more than 80 years, Caterpillar Inc. has been making progress possible and driving positive and sustainable change on every continent. With 2007 sales and revenues of almost $45 billion, Caterpillar is the world’s leading manufacturer of construction and mining equipment, diesel and natural gas engines and industrial gas turbines. The company also is a leading services provider through Caterpillar Financial Services, Caterpillar Remanufacturing Services, Caterpillar Logistics Services, and Progress Rail Services. Caterpillar recently celebrated its 35th anniversary in Russia.

Cisco, the worldwide leader in networking that transforms how people connect, communicate and collaborate, continues its more than 20-year commitment to technology innovation, industry leadership and corporate social responsibility. Cisco strives to be a good corporate citizen by focusing on three key areas: socio-economic development programs, public benefit investment and sustainable business practices. The company’s culture is driven by high standards of business integrity and by giving back using Cisco’s resources and the power of the Internet for positive and sustainable social impact. Through corporate social responsibility initiatives that rely on strong public-private partnerships, Cisco is doing its part to build stronger, more productive global communities. Healthy, self-sustaining communities arise when every individual has the means to live, the opportunity to learn and the chance to share those gifts with others. All of these elements are essential to an enduring cycle of social development, economic growth and global stability.

With annual sales of $54 billion and 46,000 employees worldwide, Dow is a diversified chemical company that combines the power of science and technology with the “Human Element” to constantly improve what is essential to human progress. The company delivers a broad range of products and services to customers in about 160 countries, connecting chemistry and innovation with the principles of sustainability to help provide everything from fresh water, food and pharmaceuticals to paints, packaging and personal care products.

With a continued presence since 1974, and currently more than 150 employees, Dow in Russia offers a variety of specialty and base plastics and chemicals to a wide range of industries including automotive, paint, construction, packaging, furniture, wire and cable, large appliances, water treatment, and agricultural products. The company’s turnover in the Russian Federation in 2007 was around $560 million, which is nearly 50 percent higher than in 2006, confirming the consistent growth trend of past years. Dow’s presence in Russia is growing rapidly. The company has built a STYROFOAM™ extruded polystyrene insulation boards production plant close to Moscow, and formed the Russian joint venture Dow Izolan in the Polyurethane Systems business, which is building a new, large and state-of-the-art production plant in Vladimir. In 2007, Dow, Gazprom and SIBUR signed a Memorandum of Intent to explore the potential for an international petrochemical partnership.

Ernst & Young is a global leader in assurance, tax and legal, transaction and advisory services.

The firm today is an international organization with offices in 700 cities in 140 countries. Its 130,000 employees are united by their shared values and an unwavering commitment to quality.

Ernst & Young makes a difference by helping its people, clients and wider communities achieve potential.

Globally, Ernst & Young provides assurance and advisory services for many of the world’s leading businesses. In 2007, the firm audited over 25 percent of the companies listed on the Standard & Poor’s Global 1200.

With the opening of its Moscow office in 1989, Ernst & Young was the first professional services firm to establish operations in the Commonwealth of Independent States. Since then, the firm’s presence in the CIS has expanded as demand for its services has continued to grow.

Ernst & Young currently has over 3,800 personnel working in 15 offices located in Moscow, St. Petersburg, Ekaterinburg, Novosibirsk, Togliatti, Yuzhno-Sakhalinsk, Kyiv, Donetsk, Minsk, Almaty, Astana, Atyrau, Baku, Tashkent, and Tbilisi.

Ernst & Young is dedicated to helping its clients identify and capitalize on business opportunities throughout the CIS and the world.

ExxonMobil brings to Russia worldwide experience in energy development as well as extensive financial, technical, environmental and management expertise. ExxonMobil affiliates have been active in Russia since the late 1980s, with a major position on the northeast shelf of Sakhalin Island, an interest in the Caspian Pipeline Company, and sales in lubricants, petrochemicals and technology licenses. The Sakhalin-1 project, operated by an ExxonMobil subsidiary, Exxon Neftegas Limited, is one of the largest foreign direct investment projects in Russia. Capital investment over the life of the project could reach as much as $12 billion.

Ford Motor Company, a global automotive industry leader, manufactures and distributes automobiles in 200 markets across six continents. With core and affiliated automotive brands that include Ford, Lincoln, Mazda, Mercury, and Volvo, and automotive-related services including Ford Motor Credit Company, the company has approximately 228,000 employees and 90 plants worldwide.

Ford has had a long association with Russia, appointing its first dealer in 1907. Sales of cars, trucks and tractors were so successful that a plant was established in Nizhny Novgorod, which began production of the Model AA in 1930. Ford pioneered the automotive industry in Russia with the establishment of the Nizhny Novgorod plant, which is now the home of the secondlargest car manufacturer in Russia, Gorkovsky Avtomobilny Zavod (GAZ).

Ford’s current operations in Russia include its new car plant at Vsevolozhsk, northeast of St. Petersburg. The plant was officially inaugurated in July 2002, and production of the Ford Focus launched that October. The plant employs 2,200 workers and is the first production facility owned by a global automotive company in Russia, representing an important milestone in the ongoing development of the Russian automotive industry. In 2007, an expansion plan was announced that includes an annual production capacity increase from 72,000 to 125,000 units.

The plan also includes the addition of the Ford Mondeo to the production line-up for the Russian market.

International Paper is a global paper and packaging company with manufacturing operations in North America, Europe, Latin America, Russia, Asia, and North Africa. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company’s North American distribution company. Headquartered in Memphis, TN, the company employs more than 65,000 people in more than 20 countries and serves customers worldwide. International Paper’s 2007 net sales were approximately $22 billion.

Founded in 1975, Microsoft Corporation is the worldwide leader in software, services and internet technologies for personal and business computing. The company offers a wide range of products and services designed to empower and enrich people in the workplace, at school and at home. Microsoft products are available in more than 30 languages (including Russian) and sold in more than 100 countries. Microsoft Corporation opened its CIS subsidiary in Moscow in November 1992. Today, it has 34 regional offices across Russia, spanning 11 time zones. The key objectives of the company’s Russian subsidiary are Russian IT market development, building a strong partner ecosystem and localization and deployment of Microsoft products, technologies and services.

Wal-Mart Stores, Inc. operates Wal-Mart discount stores, Supercenters, Neighborhood Markets and Sam’s Club locations in the United States. The company operates in Argentina, Brazil, Canada, China, Costa Rica, El Salvador, Guatemala, Honduras, Japan, Mexico, Nicaragua, Puerto Rico, and the United Kingdom, serving more than 176 million customers weekly in 14 markets. Wal-Mart’s securities are listed on the New York Stock Exchange under the symbol WMT.

NOTES

U.S.-Russia Business Council 16th Annual Meeting

October 6-7, 2008 Four Seasons Hotel Washington, DC Gala Dinner at the Newseum

Американо-Российский Деловой Совет 16-е Ежегодное Заседание 6-7 октября, 2008 г. Гoстиница «Four Seasons», Вашингтон Торжественный ужин в “Музее Hовостей”

The U.S.-Russia Business Council gratefully acknowledges the generosity of the 2008 Annual Meeting sponsors

Американо-Российский Деловой Совет глубого признателен спосорам Ежегодного Заседания 2008 года