Alliance Oil

STRICTLY PRIVATE AND CONFIDENTIAL

Case study: US$390mln. standardised Bond and Equity issues of Alliance cover Co
Issuers exposition Equity offering summary
Pricing Date: Offering coat, # of shares: 12 June, 2009 10 mln. common shares in the form of Swedish depositary benefit (SDRs), 5.83% of share capital post-offering (greenshoe not included) US$125 mln. Up to US$15 mln. SEK95/US$12.5 per SDR (no discount to grocery store price) SEK16,295 mln./US$2,130 mln.

The scratch line Russian equity issue since summer 2008 The first Russian convertible stand by offering since end of 2007 well-set demand from various types of investors both books multiple times sold Both issues upsized: convertible bonds - US$40m, equity - US$25 mln.



The SDRs placed without discount to market price P/E and EV/EBITDA premium to Russian crude oil companies Convertible bond provided Alliance Oil with best pricing and large size financing while most other public markets were unsympathetic or unattractive

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Alliance Oil Company Ltd (formerly West Siberian Resources) is a leading independent oil company with vertically integrated operations in Russia and Kazakhstan Alliance Oil has proved and probable oil reserves of 487 million barrels, oil occupation 45 thousand barrels per day, refining capacity of 70 thousand barrels per day and a network of vaunt stations and wholesale oil products terminals Alliance Oil is listed on NASDAQ OMX Nordic (Stockholm)

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Offering size, US$: Greenshoe: Offering price: Post-offering food market Capitalization: Primary/secondary: Listing:

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Deal success factors
? ? ? Steady growth in major stock market indices in the last 3 months Oil price recuperation in 1H 2009 Strong investment case: Alliance Oil remains the only vertically integrated independent oil producer in Russia Alliance Oil offers operational tractableness through its vertically integrated structure, long-term growth in both upstream and downstream segments, and solid corporate establishment record Dominant position...If you want to get a broad essay, order it on our website: Orderessay



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