International Law Firm Salans acted as legal advisor in Ukraine to IFC, a member of the World Bank Group, in relation to a loan agreement with ProCredit Bank Ukraine (the Bank) for the amount of US$ 20 million. This loan is intended to enable the Bank to extend financing for energy efficiency improvements to micro-, small-, and medium-size enterprises and individuals.

IFC, a member of the World Bank Group, fosters sustainable economic growth in developing countries by financing private sector investment, mobilizing private capital in local and international financial markets, and providing advisory and risk mitigation services to businesses and governments. IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. In FY07, IFC committed $8.2 billion and mobilized an additional $3.9 billion through syndications and structured finance for 299 investments in 69 developing countries. IFC also provided advisory services in 97 countries. For more information, visit www.ifc.org.

Ukraine became a shareholder and a member of IFC in 1993. As of March 31, 2008, IFC had invested around $887 million in 38 projects in the country. IFC’s investment program is expanding rapidly, with a focus on Ukraine’s financial, agribusiness, construction materials, retail trade and services, energy, and infrastructure sectors. IFC also offers advisory programs in the country on leasing, agribusiness, mortgage finance, and on improving the business environment. For more information, visit www.ifc.org/ukraine.

Founded in early 2001, ProCredit Bank Ukraine is part of ProCredit Group. Its target market consists of micro-and SME customers and its core product is lending. The bank’s head office is located in Kyiv. ProCredit Bank was ranked 39th in Ukraine by assets at end of September 2007. The Bank has over 60 branches throughout the country and plans further expansion of the network. Since its foundation, ProCredit Bank Ukraine has grown rapidly in absolute terms and by number of customers.

Salans’ Banking and Finance Group of lawyers: Natalia Selyakova, Vladilsav Kysil, and Nikolay Zhovner acted as legal advisors to IFC on the loan agreement with the ProCredit Bank Ukraine.

Salans has over 35 lawyers in Kyiv, assisting domestic and cross-border clients with their corporate, M&A, banking, tax and competition needs across a range of sectors including real estate, financial services, energy and natural resources as well as capital markets. With 37% growth in revenues globally for the 2007 financial year, Salans now has 176 partners worldwide as part of over 750 lawyers globally operating from 18 offices. Salans has been active in Ukraine since 1988, and officially opened an office in Kyiv in 1992.

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Salans is an international commercial law firm built on a pioneering spirit with over 750 lawyers globally operating from 19 offices in ALMATY, BAKU, BARCELONA, BERLIN1, BRATISLAVA, BUCHAREST, BUDAPEST, FRANKFURT1, ISTANBUL, KYIV, LONDON, MADRID, MOSCOW, NEW YORK, PARIS, PRAGUE, SHANGHAI, ST. PETERSBURG and WARSAW. We have operations in the Middle East, with cooperative associations in place as well as Salans personnel based in Doha, Qatar. Our global reach extends to Atyrau, Kazakhstan as well as New Caledonia and Tahiti. Our combination of international capability and domestic expertise enables us to provide comprehensive services matching the needs of global and local clients alike. More information about Salans can be found at www.salans.com.

Salans is ranked among the top 50 law firms in the world by PLC Which Lawyer?. In 2007 and 2008 Salans was shortlisted to win “The International Law Firm of the Year” from The Lawyer. Salans is ranked as a top tier law firm in Ukraine and globally by the leading international legal directory Chambers Global.

1 Salans LLP is a Limited Liability Partnership registered in London with Registration Number OC 316822. Registered Office Millennium Bridge House, 2 Lambeth Hill, London EC4V 4AJ, United Kingdom. Regulated by the Solicitors’ Regulation Authority. A list of members of SALANS is available at the above Registered Office.