Welcome to the U.S.-Ukraine Business Council

Baker & McKenzie, London/Kyiv/Amsterdam
Fri, 21 December 2007

LONDON/KYIV/AMSTERDAM - Baker & McKenzie LLP has advised KDD Group N.V. (KDD), one of Ukraine's leading real estate investment and development groups, on its initial public offering (IPO) of shares on London's Alternative Investment Market (AIM). The IPO was made pursuant to Rule 144A and Regulation S, and raised US$130 million.

KDD has a diversified portfolio of real estate projects comprising offices, residential complexes, retail centres and mixed-use projects. As at 30 September 2007, the total estimated aggregate market value of KDD's properties was US$908.2 million.

KDD intends to use the net proceeds from the IPO to finance the construction of its eight current projects and to finance additional acquisitions of properties and land plots.

Edward Bibko, Corporate Partner at Baker & McKenzie, said, "The IPO is one of the most significant Ukrainian capital markets transactions to date and it indicates the continued interest among investors in Ukraine and the CIS.
We have been active in this region for a number of years and are delighted to have been able to make use of our expertise in London, Kyiv and Amsterdam to assist KDD."

The Baker & McKenzie team was led by Edward Bibko and included Iryna Nagayets, Stephen Osborn and Robert Kenedy in London. The Kyiv team was headed by Mykola Stetsenko and included Olha Movchan. The Amsterdam team was led by a Corporate Partner Marc Rijkaart van Cappellen.

ING and Renaissance Capital were the joint-global co-ordinators and bookrunners for the offer.