FOR IMMEDIATE RELEASE: January 24, 2002

CONTACT: Val Kogan, Pennsylvania-Russia Business Council, tel: (215) 708-2628, email: prbc@att.net

NEW YORK, NEW YORK - Sachs Associates, in association with Bloomberg LP, and with the support of the Pennsylvania-Russia Business Council, is pleased to announce the

Sixth Annual Conference

Investing in Russia and the CIS

March 14, 2002

The Baroque Room at the Plaza Hotel, 

Fifth Avenue at Central Park South, New York

This is the leading investment conference for institutional and corporate entities investing in Russia and the CIS. The conference features up-to-date analysis of political and economic developments and financial markets.

The event is designed for analysts, money managers, investment bankers, ratings agencies and financial consultants. Leading Russian financial institutions and corporates from the key sectors will also give presentations.

The program features presentations and analysis on the following key areas:

Political and Economic Developments • Debt and Equity Capital Markets • New Issue Markets • Ratings • Russian Banking • Private Equity • Foreign Direct Investment • Money Management

Confirmed speakers include: Robert E. Langer, Partner, Akin, Gump, Strauss, Hauer & Feld, LLP • Alex Knaster, Chairman of the Board, Alfa Bank • Andrew Sommers, President, American Chamber of Commerce • Michael Calvey, Managing Partner, Baring Vostok Capital Partners • Alex Rodzianko, Managing Director Global Corporate Finance, Deutsche Bank • Maarten Pronk, Chief Executive Director, IBG Nikoil • Andrey Melnichenko, Chairman of the Board, MDM Bank • Dimitri K. Simes, President, The Nixon Center for Peace and Freedom • Andrei Klichas, Chairman of the Board, Norilsk Nickel • Viatcheslav Sinyugin, Member of the Management Board, RAO UES • Alexander Boulygine, Chief Operating Officer, Russian Aluminum • Helena Hessel, Director, Standard & Poor's • Sergey Generalov, Chairman, The State Duma Supervision Over the Investor Rights • Vladimir Bogdanov, President, Surgutneftegas • Iosif Bakaleinik, Senior Vice President, TNK • Stephen O'Sullivan, Head of Research, UFG • Sergey Plastinin, Chairman of the Board, Wimm-Bill Dann • Bruce Misamore, Chief Financial Officer, YUKOS