MAGISTERS LAW FIRM JOINS USUBC
Full-service law offices in Kyiv, Ukraine & Moscow, Russia
USUBC, Washington, D.C., April 4, 2008

WASHINGTON, D.C. - The executive committee of the U.S.-Ukraine
Business Council (USUBC), on behalf of the membership, is most
pleased to announce that Magisters, a major law firm with full-service
offices in Kyiv, Ukraine and Moscow, Russia, and with representative
offices in London and Washington, D.C., has been approved for
USUBC membership.

Magister & Partners, Attorneys-at-Law, was established in 1997 and
initially specialized in trade law. Eleven years later they are a
full-service, international law firm, advising leading global and domestic
organizations throughout the CIS.  Magisters is planning expansion into
additional CIS markets over the next 5 years.

Magister and Partners changed their name to Magisters on Monday,
March 31, 2008. Magisters changed its name to reflect its evolution from
a local law firm into a leading regional CIS firm with international
expertise and deep understanding of the regional legal services market.
A news release about the Magisters name change is found below.

Magisters is the 65th member for USUBC, the 13th new member for 2008,
and the 43rd new member since January of 2007.

The other new members in 2008 are MaxWell USA, Baker and McKenzie
law firm, Och-Ziff Capital Management Group, Dipol Chemical International,
MJA Asset Management, General Dynamics, Lockheed Martin, Halliburton,
DLA Piper law firm, EPAM Systems, DHL International Ukraine and
Air Tractor, Inc.

USUBC has been working with Oleg V. Riabokon, managing partner, Jason
E. Bruzdzinski, chief operating officer, Andrew Mac, partner, Sergey
Airapetov, business development director and with Adrian Karatnycky,
who is working with Magisters in the USA.

Following their merger with Ukrainian litigation specialists Reznikov,
Vlasenko and Partners in April 2006 and their merger with Russian dispute
resolution specialists Legas eight months later, Masters now comprise 120
internationally trained and locally experienced lawyers in their Moscow and
Kyiv offices.

They are consistently recognized by Chambers Global, the Legal 500 EMEA,
PLC Which Lawyer, the IFLR 1000, and others for the quality of our work
in real estate, banking and finance, dispute resolution, mergers and
acquisitions, corporate and commercial law, and international trade.

Magisters assist numerous government and inter-governmental organizations
including the International Finance Corporation (IFC), the International
Court of Arbitration (ICC, Paris), and the World Bank. Magister & Partners
advises its customers on cross-border transactions in collaboration with
leading international law firms.

Magisters' clients includes: ABN AMRO, Alfa Group Consortium, Bank
TuranAlem, Bonduelle, Centertelecom, Chornomornaftogaz, Citigroup,
Credit Suisse First Boston, Deutsche Bank AG, Energoatom, EuroChem,
EvrazHolding, Gazprombank, Glaxo Smithkline, Goldman Sachs, Ingosstrakh,
Interpipe, JT International, Mechel Steel Group, Merrill Lynch, Mittal
Steel, Mobile TeleSystems (MTS), Morgan Stanley, Naftogaz of Ukraine,
Neusiedler, Novolipetsk Steel, Oriflame, Pernod Ricard, Renaissance,
Renova Group, Shell, Sibirtelecom, Sistema, Takeda Pharmaceuticals
North America, Inc., TNK-BP, U.S. Steel, Viacom, VimpelCom,
Vnesheconombank, Yahoo! Inc., and Zarubezhneft.

More information about the Magisters law firm can be found on their website:
http://www.magisters.com/.

"USUBC is pleased to welcome Magisters law firm into its rapidly expanding
membership," said Morgan Williams, SigmaBleyzer, who serves as
president of USUBC. "USUBC looks forward to working closely with
Magisters in 2008."

MAGISTERS & PARTNERS GETS NEW NAME, 
BECOMES MAGISTERS
Leading CIS Law Firm Builds Brand to Rival International Giants

Magisters, Kyiv, Ukraine and Moscow, Russia, Monday, March 31, 2008

KYIV/MOSCOW - Magisters has simplified its brand. As of today the
firm will be known simply as Magisters. The law firm aims to be more
easily identified and distinguished among multinational competitors
operating in the Commonwealth of Independent States (CIS).

Approximately 60% percent of Magisters' clients are large international
companies of European and Northern American origin, including Citigroup,
Deutsche Bank AG, Glaxo Smithkline, U.S. Steel, Viacom, and many others.
the remaining 40% percent of the firm's clients are based in the CIS.

The law firm plans active expansion into other major CIS markets over the
next five years from its offices in Kyiv and Moscow.

"Magisters is competing with international giants in the CIS legal sector.
To remain at the forefront, we have streamlined our management and built
up our regional expertise by enlisting several reputable law practitioners
as partners. Now it is time to refresh the firm's brand.

'Magisters' is simple and easy to remember for our international clients. At
the same time, we preserve the core of our brand that clients and industry
associate with expertise and service," says Oleg V. Riabokon, Managing
Partner.

Magisters grew to 220 personnel in 2007 from an initial team of three in
1997. Over the same period, revenues increased from $46 thousand to $35
million. The firm is currently led by 12 partners, five of which joined the
firm within the last year.

Jason E. Bruzdzinski, Magisters' Chief Operating Officer explained, "The
word 'magister' is derived from ancient Latin and means 'master'. We want
the world to know that mastery and excellence are and will remain at the
very core of our brand. Our brand revitalization reflects the continuity of
this firm's high standards and also acknowledges our maturity as a leading
CIS-based law firm."

The firm's trademark spiral has also undergone a subtle change. The spiral,
historically a symbol of continuous development, now appears in platinum.
This adjustment reflects the company's internally created "Platinum
Standard" of excellence.