ASTERS LAW FIRM CONSULTS A LEADING RUSSIAN INVESTMENT
GROUP ONEXIM ON ACQUISITION OF 50% MINUS ONE SHARE OF
INVESTMENT COMPANY RENAISSANCE CAPITAL

Asters law firm, Kyiv, Ukraine, Thursday, January 8, 2009

KYIV - Asters acted as legal counsel to Onexim Holdings Limited and the ONEXIM Group on the issues of Ukrainian merger control law, including obtaining clearance from the Antimonopoly Committee of Ukraine, for the acquisition of 50% minus one share stake in the investment company Renaissance Capital.

The ONEXIM Group is one of Russia’s largest private investment group, with a focus on mining industry, innovative projects in energy and nanotechnology, financial services, media and real estate.

Investment company Renaissance Capital is a part of the Renaissance Group, a leading independent financial services group unifying finance, investment and capital management companies. Renaissance Capital holds a leading position on the investment and banking services market of Russia, Ukraine, other CIS countries, as well as some countries of Africa.

The filing with the AMC was handled by associates Tetyana Buchko and Iryna Tertytsia under the supervision of partner Igor Svechkar.

Asters is a Kyiv-based Ukrainian law firm founded in 1995 as Shevchenko Didkovskiy & Partners. The firm is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications.

A list of the firm's clients includes major international corporations, such as Beiersdorf AG, Coca-Cola, Damen Shipyards Group, News Corp., Nissan Motor, Nokia Corporation, Philip Morris, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions Barclays Capital, Citibank, Deutsche Bank, Dresdner Kleinwort Wasserstein, EBRD, IFC, ING Bank, Standard Bank and Swedbank AB.

NOTE:  Asters law firm is a member of the U.S.-Ukraine Business Council (USUBC), Washington, D.C., www.usubc.org.