Partnering with Management to Increase Value/Partners Say

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Arkady Volozh, Yandex CEO

I became acquainted with Baring Vostok Capital Partners in 1999, at a time when a number of potential investors were hovering around Yandex. After serious discussions and negotiations, we invited Baring Vostok as a partner, and since then we have never regretted this decision. As a shareholder through one of their private equity funds, Baring Vostok helped solidify Yandex as a strong, independent company, brought it to a level of profitability, and helped set the stage for further expansion and growth. In the process, Baring Vostok and its professionals have become true partners and sound advisors and we are counting on our relationship to continue for many years in the future!

Alexander Rodniansky, CTC Media CEO

I became the head of CTC in 2002, at a time when the company was preparing to undertake more aggressive development, in part by investing in programming and distribution. Baring Vostok was one of the key shareholders supporting my recruitment to the company. BVCP’s professionals have been a close partner and have provided essential assistance and support to our team. Its partners played an active role on the board of directors, heading the audit committee and, in cooperation with other key shareholders, have provided support for management across all aspects of the company’s development, including purchasing new stations, as well as, acquiring and developing a new, second network. BVCP initiated and organized the hiring of a new CFO, who, along with the audit committee, prepared the company for the flotation of its shares on NASDAQ in 2006. The successful initial public placement was a major breakthrough for CTC Media. We recall our joint work with BVCP with gratitude and hope for every success in their future projects.

Finian O’Sullivan, Burren Energy President

To build a company from its business concept stage is not an easy endeavor, particularly in the Former Soviet Union. With hindsight, I can only applaud the patience, attitude and fortitude of my founding shareholders in making this company what it is today. Baring Vostok Capital Partners embraced the business concept and provided the initial funding that unlocked that business potential. Through their strong board presence, they have established the corporate governance and administrative structure that has been fundamental to investor confidence. We have been extremely fortunate to attract such a creative, energetic and supportive body of men and women that make up the Baring Vostok Capital Partners team.