Kyiv / London, 15 February 2007 – LAWFUEL – Law Firm News – B…

Kyiv / London, 15 February 2007 – LAWFUEL – Law Firm News – Baker & McKenzie announced today that it has recently acted as English and Ukrainian law counsel to a top leader in national bank ranking Commercial bank “PrivatBank” with respect to its US$500 million five-year Eurobonds offering.

The transaction was structured as an offering of 8% guaranteed notes due in 2012, which are listed on the Swiss Stock Exchange. This is the third Eurobond offering by PrivatBank since its debut and pioneering issue in 2003.

Commenting on the offering, Serhiy Chorny, the Kyiv Office’s banking and capital markets Partner, said: “We are proud that our client entrusts us its most significant and remarkable transactions. Baker & McKenzie has by now assisted PrivatBank to draw over US$750 million in the international markets. We feel that we have contributed a bit to the success and fast growth of our client.”

Serhiy continued: “We remain to be the leader among Ukrainian legal advisers, having advised on over US$3 billion of Eurobond issuances on behalf of Ukrainian businesses, in addition to sovereign and municipal issues.”

The Baker & McKenzie team was led by Partners Chris Hogan in London and Serhiy Chorny in Kyiv, with significant input from associates Glib Bondar, Vsevolod Volkov, and junior attorney Victoria Ischenko in Kyiv, and Federico Salinas and Iryna Nagayets in London.

UBS was the lead manager of the issue.

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